Do you have a password on your credit card? Do you think credit cards should have passwords? Whether the credit card has the same password is a topic of high discussion among netizens. The bank said that if a credit card is stolen without a password, it can be compensated, but can a credit card be compensated without a password? In which cases can you get compensation, and in which cases can't you? Is it better to set a password or not? The international practice of credit card use is that there is no password, and the credit card does not have a password, so you can get compensation if it is stolen. Credit card articles of association will say that "any transaction using password is deemed as authorized by the cardholder", that is to say, if someone steals your password, swipes it or makes a fake card, it is considered as authorized by you. However, it is easy to have security problems without it. stolen credit card: whether there is a password and whether you can get compensation. 1. If there is no password, the card is stolen by a thief/an acquaintance and then returned secretly. You can get compensation by swiping the card locally/abroad, withdrawing money from ATM and online shopping, but there may be a limit on the amount. First of all, you need to find and report the case immediately (according to different bank regulations, for example, contact the issuing bank to report the loss within 72 hours, and the loss before reporting the loss can be paid in full, etc.), and you need to get the merchant receipt to check the signature according to the bank process. Before the thief is caught, the loss is generally paid by the issuing bank, and some banks may have provisions on the amount of compensation. 2. Without password, the card was copied. You can get compensation for local/foreign credit card shopping, ATM withdrawal and online shopping. Passwordless credit cards cannot be used for ATM cash withdrawal. Online shopping is another matter. Online shopping never relies on signature. Instead, you enter some information that you will know only if you hold a credit card, such as the three digits on the back of the card, and send a verification code to your mobile phone/ask for a UKey code. You can do double authentication in these two steps. If the card is stolen and the mobile phone is stolen, I'm sorry, but you are responsible. No one can prove that you didn't consume it yourself. 3. If you have a password, the card is stolen by a thief/acquaintance, the password is stolen, and you can't get compensation for shopping by credit card, ATM withdrawal or online shopping. If you have your card and password, it meets the double authentication standard, then such consumption is regarded as my own operation. Even if it is stolen, it is regarded as that you gave the acquaintance the card and password yourself. 4. If you have a password, the card is copied, the password is stolen, and you can't get compensation for shopping by credit card, ATM withdrawal or online shopping. If you go to dinner and give a credit card, the waiter will come back for a long time and let you enter the password with a POS machine, then you should be careful that he may copy the magnetic stripe+peek at your password. 5. Other circumstances: for example, the card information is stolen, swiped overseas, etc. If it is a UnionPay card, it is the same as above, and it is also the same overseas. If it's a VISA, I think overseas stealing only needs to discuss the situation of POS card swiping. Overseas, there is generally no password, and all countries are used to proofreading signatures, unlike domestic countries, which often do not proofread. Although the bank says that it can get compensation without password, the compensation procedure is complicated, which requires proof, solving the case, etc., and it can't be fully compensated, and even it may waste more money in the process of litigation. Personally, if you don't have a password, you can choose to set a certain amount, which is beyond the need to verify your identity. If you set a password, you should choose the consumption mode of the signer's password, which has double protection. No matter whether you set a password or not, you should pay attention to protecting your personal information, and you should be reminded by SMS no matter how much you set.