I don't know how it is elsewhere but my bank does monitor my transactions. If something suspicious happens they block the card. Also by default you can only use

I don't know how it is elsewhere but my bank does monitor my transactions. If something suspicious happens they block the card. Also by default you can only use it in Europe. I trust my bank more than Visacard. But the reason why creditcards still exist at all is because they are the only payment system that is universally accepted. Its old technology but it works precisely because its so simple. Hell there are air liners that only accept creditcards! Visacard knows that they have a monopoly.