User privacy preservation is critical to prevent many sophisticated attacks that are based on the user's server access patterns and ID-related information. We propose a password-based user authentication scheme that provides strong privacy protection using one-time credentials. It eliminates the possibility of tracing a user's authentication history and hides the user's ID and password even from servers. In addition, it is resistant against user impersonation even if both a server's verification database and a user's smart card storage are disclosed. We also provide a revocation scheme for a user to promptly invalidate the user's credentials on a server when the user's smart card is compromised. The schemes use lightweight operations only such as computing hashes and bitwise XORs.