a financial planner said: judging from some cases of stolen credit cards, it is true, but this does not mean that it is safer not to set a password. "As far as the domestic environment is concerned, many times the cashier will not check your credit card signature at all. Once the password is not set, the card will be stolen more easily after being lost. Moreover, from the perspective of the cost of compensation, although merchants and banks have to bear certain responsibilities, considering the litigation cost and appraisal cost, the risk is actually greater. And how many cashiers will compare signatures now? Once the credit card is lost, it's better if you have a password, otherwise people will spend it directly according to the signature on your card. Even if the business is responsible, how much energy do you have to spend tossing rights? " A financial planner said.

in order to ensure the safety of credit card swiping, most banks provide card loss protection services. If the card is lost and the cardholder applies to the bank for reporting the loss at the first time, the bank will compensate the cardholder for the loss caused by the stolen credit card within a certain time before reporting the loss. At present, most of the lost card protection provided by banks is 48 hours, that is to say, the bank compensates the cardholder for the loss caused by the stolen credit card within 48 hours before reporting the loss.