The transaction password is the password used for ATM withdrawal. Successful setting means that the cash withdrawal function is enabled on the credit card. The transaction password cannot be directly used for daily credit card consumption. If you want to spend in the form of "password+signature" in merchants with UnionPay logo, you need to open the "consumption secret" function separately.
Tips:
1. In order to facilitate customers' daily small-scale consumption, if the consumption secret checking function has been enabled, the small-scale secret checking function will also be enabled by default;
2. If the card is a chip card, the chip card will open the UnionPay flash payment service by default.
UnionPay flash payment is a small fast payment service provided by China UnionPay for cardholders. When a cardholder uses a financial IC card or mobile device with the function of "flash payment" to conduct a certain amount of transactions at a designated merchant, the daily transaction limit is RMB 3,000 (inclusive) from August 3, 20 18, and the domestic single transaction limit is RMB 1000 (inclusive), while the overseas transaction is subject to the local limit, only during the payment process.
Note: The special merchants of UnionPay who have opened the "small-amount confidential and visa-free" payment service can log on to the UnionPay service website for enquiry.
If necessary, you can call the 24-hour customer service hotline of the credit card to manually check the password settings in detail.