In the setting up and use of credit cards, do you know the differences between various passwords?

1. Inquiry password:

When the cardholder inquires account information in online banking or telephone banking, the password used is the inquiry password. Card-issuing banks generally set inquiry passwords and transaction passwords. In order to facilitate memory, you can set the two passwords to the same number, but setting different inquiry passwords and transaction passwords is more conducive to credit card security.

2. Transaction password:

The transaction password is the password used by cardholders to swipe their cards for consumption, cash advance, transfer, etc. In accordance with international practice, domestically issued credit cards do not have a transaction password and can only confirm transactions with a signature, so cardholders can freely choose according to their own habits.

3. Online transaction password:

The online transaction password is the password used by cardholders when swiping their cards online for consumption. Domestic credit cards usually do not have online transaction passwords. Instead, the last three digits of the credit card are used to obtain bank authorization to complete the transaction.

4. Online banking login password:

The online banking login password is the password for logging into credit card online banking. Some domestic websites will require credit cards to be opened for online banking before they can conduct online transactions. Therefore, cardholders can bring their valid documents and credit card to any branch of the card-issuing bank to apply for online banking services.