What is the use of a signature on the back of a credit card?

Most domestic credit cards do not have a signature on the back, and domestic transactions are accustomed to using passwords. However, the signature on the back of the credit card is very important, so what is the use of the signature on the back of the credit card? Explain in detail for you.

1. If a credit card is stolen without a signature, you bear the risk

If the credit card is stolen, the presence or absence of a signature determines who bears the risk. If there is a signature, the risk of fraud caused by settlement without verifying the signature will be borne by the merchant. If the credit card is stolen without a signature, the responsibility lies with the cardholder.

2. The swallowed card can be retrieved with the signature

When the cardholder withdraws money from the bank's ATM machine, if there is a problem with the machine and the card is swallowed, the bank staff will If the identity of the owner cannot be verified, you can also check the signature on the back of the bank card with the signature on the registration book, and use this as a basis to handle card refund and other services.

3. No signature affects overseas consumption

The signature on the back of the credit card is a guarantee of consumption security and is as important as the password. Different from China, when using credit cards abroad, you do not need to verify the password, it depends entirely on the signature. Therefore, if the cardholder fails to endorse the card, it will affect his normal consumption abroad.

As can be seen from the above, the signature on the back of the credit card is very important. Everyone should pay attention not to be too neat when signing on the back of the credit card, as this can easily be imitated. And the signature should be consistent with your daily handwriting.

What does it mean to ask for a signature on the back of a credit card?

The signature on the back of a credit card is as important as the password. It is a guarantee of consumer safety.

Bank staff said that the signature on the back of the credit card is a guarantee of consumer safety and is as important as the password. Different from China, when using credit cards abroad, you do not need to verify the password, it depends entirely on the signature. Therefore, if the cardholder fails to endorse the card, it will affect his normal consumption abroad.

The card that has been swallowed by the ATM can be retrieved with the signature on the back of the credit card.

When a cardholder withdraws money from a bank ATM machine, if there is a problem with the machine and the card is swallowed, the bank staff can also verify the identity of the owner through the signature on the back of the bank card and the registration book. Check your signature and use it as a basis to handle card refund and other services.

If the signature on the back of the credit card does not match, the store can refuse to sell the goods.

When swiping a card for consumption, if the cashier finds that the signature does not match the signature on the credit card during the signature verification process, the cashier has the right to cancel the purchase and refuse to sell the goods. Don’t think this is a fantasy, because the risk of fraud caused by settlement without verifying the signature will be borne by the merchant, and if the credit card is stolen without a signature, the responsibility lies with the cardholder.

So the signature on the back of a credit card is very important, but many people tend to ignore its importance. Regarding the signature on the back, you need to pay attention to the following two points:

For the signature on the back of the credit card, it is best to keep the font consistent with your usual signature. Try to avoid too neat fonts, otherwise it will be easy to be imitated.

The credit card signature cannot be altered, otherwise the signature will be invalid. If you accidentally sign the wrong card, you can apply to the bank to create a new card. In addition, it is best to use a ballpoint pen when signing. Wait for the pen and ink to dry before putting the card back into the wallet to prevent the signature from being blurred.

What is the meaning of credit card password and signature?

Although many cardholders need to enter their password first and then sign to complete the transaction when using their credit card, but they don’t know why. I don't know what the point of doing this is. This practice is a way for banks to verify the identity of the cardholder when making purchases. Let’s learn about it together.

What does password signature mean?

When using a credit card to make a purchase, the bank will need to verify the identity of the cardholder. There are two main methods of consumption verification, one is signature, The other is this "password plus signature".

In other words, if you set a transaction password when applying for a credit card and signed the name on the back of the card, then when you swipe the card to make a purchase, you must enter the transaction password and write it on the purchase form. Sign to complete the consumption.

What is the use of password signature?

The advantage of "signature password" verification is that it is more secure than using a signature alone. Once the credit card is lost, the risk of being swiped is very small.

The disadvantage is that once the credit card is stolen, the consumer will bear full responsibility, and the bank will no longer be liable for compensation.

Note: This method is mainly based on password verification. Once the password of the card swiper is correct, even if the signature does not match, the consumer will be fully responsible for the loss of the stolen card.

Is password signature safe?

Many cardholders think that it is better not to set a password for credit cards, because without a password you can enjoy card loss protection and the security will be higher. Is this true? So?

Regarding this issue, some bankers said that it should be treated separately according to the card environment and the type of credit card used. For example, the foreign credit card market is relatively mature and does not require a password. However, in China, not all credit cards of all banks have card loss protection, and cardholders should still set a transaction password. For credit cards that do have lost card protection, cardholders can choose not to set a password.

However, I believe that if the credit card uses the "password signature" verification method, it should be more secure under double protection.

If there is a case of credit card being stolen, if the reason is to determine whether to compensate, it will generally be determined according to the specific circumstances. First of all, the responsibility must be clearly defined. For example, the customer did not keep it safe, the merchant did not confirm the signature, and the bank ATM In the event of a malfunction, etc., the responsibilities of both parties will be confirmed based on the specific circumstances, not based on the presence or absence of a password.

So, if you want to keep your credit card safe, the best way is to try to prevent it from being stolen, strengthen storage, and protect your password.

What does it mean to activate a credit card and require a signature strip?

Hello, if you are applying for a credit card from our bank, after receiving the card, you need to activate the card and put it on the signature strip. Sign for your future use.

Please log in to the credit card website, click "Open Card and Set Password" on the right, enter relevant information according to the prompts to open the card, and set the query password and transaction password. Warm reminder: Please sign the back of the card and keep it consistent with the signature on the application form.

If you have any other questions about China Merchants Bank’s credit card, you can add the credit card QQ corporate customer service (4008205555) or WeChat (China Merchants Bank Credit Card Center) for consultation. Thank you for your attention and support to China Merchants Bank!

This is the end of the introduction about what a credit card signature is and what a bank card signature is. Have you found the information you need?