Yes, this! At least in the US, there is zero benefit to me as a consumer from chip cards. The banks have not increased rewards, or lowered interchange fees (th

Yes, this! At least in the US, there is zero benefit to me as a consumer from chip cards. The banks have not increased rewards, or lowered interchange fees (thereby lowering retail prices). Federal law protects me from fraud no matter the card input method. Due to the risk of online fraud, I still have to check my statement for fraudulent charges. There are, however, noticeable downsides. Including everything coin mentioned, here are a few more downsides to chip cards, at least in the US: * Chip cards are slow in the US. This has gotten better lately, but its still bad. Before the downvotes start, look at the references [1] [2]. This leads noticeably longer lines at stores. * Not every merchant accepts chip cards. Sometimes its hard to tell which version the merchant accepts. * There are a lot more annoying noises (the buzz when you leave your card in too long). Its a small nuisance, but it adds up. Previously the transactions were silent. [1] https://www.quora.com/Why-are-chip-payments-so-slow-in-the-US https://www.quora.com/Why-are-chip-payments-so-slow-in-the-U... [2] https://www.wsj.com/articles/chip-card-nightmares-help-is-on-the-way-1470163865 https://www.wsj.com/articles/chip-card-nightmares-help-is-on...