As the post-90s generation has gradually become the main consumer group in society, the phenomenon of advanced consumption has become more and more popular, and credit cards have become standard equipment for modern people.

Credit card consumption is not only convenient, but you can also enjoy various offers and discounts.

However, many of my friends do not have the habit of signing on the back of their credit card after purchasing it.

So, does the back of a credit card have to be signed? What will be the impact of not signing? What should I pay attention to when signing a signature?

Next, I will decrypt it one by one for all card friends!

Why is there a signature on the back of a credit card?

Many people may have questions, my name is already on the card, why do I need to "back signature"?

In fact, the credit card signature is as important as the credit card password, both to ensure the safety of consumers.

For example, many people now do not have a password for their credit cards, but rely solely on signature authentication.

If a credit card is fraudulently used, the merchant will bear the main responsibility because the merchant did not carefully check whether the signature of the thief is consistent with the signature on the back of the card.

Of course, merchants are not stupid. To be on the safe side, if you encounter a credit card without a signature, the merchant may refuse to provide you with credit card swiping services.

In fact, the phenomenon of setting passwords on credit cards almost does not exist in Europe and the United States.

Because the financial systems of these countries are quite complete, credit card purchases basically rely on the cardholder’s signature for identity authentication.

As we all know, the important notice column of the bank credit card issuance form will be marked with the words "This card is for personal use only. Please sign in the signature column on the back of the card."

However, in daily life, this tip is often ignored by everyone. A survey by a branch of the People's Bank of China showed that only 24% of credit card holders have endorsed it.

So, what is the important role of endorsement?

1. Failure to sign will affect overseas consumption

Bank staff said that the signature on the back of the credit card is a guarantee of consumption security and is as important as the password.

Unlike in China, credit card purchases abroad do not require verification of passwords, but only rely on signatures.

Therefore, if the cardholder does not endorse the card, it will affect his normal consumption abroad.

2. The card swallowed by the ATM can be retrieved with the signature

When the cardholder withdraws money from the bank ATM machine, if there is a problem with the machine, the card swallowing phenomenon will occur.

When bank staff are unable to verify the identity of the person;

they can 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 refunds and other services .

3. If the signature does not match, the mall may refuse to sell the goods

When swiping a card for payment, if the cashier finds that the signature does not match the signature on the credit card during the signature verification process, there will be The right to cancel this 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. If the credit card is stolen without a signature, the responsibility lies with the cardholder. people.

In addition, what should you pay attention to when "endorsing" a credit card?

1. Time to endorse the card

After getting the card, unless there are special circumstances, the signature should be completed as soon as possible.

Otherwise, with the use of the card, the signature column will produce some oil stains, which will be very detrimental to the recognition of handwriting when signing.

2. The pen used for signing on the back

The pen used for signing on the back is also very particular. Generally, ballpoint pens should be preferred, followed by gel pens.

Because ballpoint pens are relatively difficult to erase, they are more durable.

3. The handwriting on the back of the signature

The handwriting on the back of the signature should be avoided being too neat, otherwise it will be easy for fraudsters to imitate.

It’s best to have the same handwriting as your usual, but don’t be too exaggerated or sloppy.

4. The signature must not be altered

Once the signature is completed, it will not be altered at will in the future, otherwise it will be deemed invalid.

If you accidentally sign the wrong one, the only solution is to apply for another one.

In addition to ignoring the signature on the credit card, I believe most people know less about the "last three digits" behind the credit card.

The "last three digits" are the three digits on the back of the credit card. It is understood that the last three digits in the signature field on the back of the credit card are the card-not-present transaction password verification code, which means the cardholder is making card-less purchases. Verification code used to verify identity.

It should be reminded that once the cardholder discloses these three digits, the card amount can easily be stolen.

The current use of credit cards is divided into two types: "card transactions" and "offline transactions".

In the former, the cardholder “swipes” his or her credit card and signs for authorization to complete the transaction.

Offline transactions are common in hotels, airline sales centers, company finance, etc. The transaction can also be completed through the POS system by providing the credit card account number and its verification code.

Therefore, cardholders should not give their cards to others to use or view at will, so as to avoid the information being recorded by criminals and conducting offline transactions.

After receiving the credit card, it is best to cut a piece of tape to cover the last three digits.

If you swipe your credit card when eating or shopping, don’t take the trouble to hand your credit card to the clerk for checkout, to prevent people with ulterior motives from taking the opportunity to obtain the relevant information on the credit card.