Many people are responding that you're making a mistake because cash is useful after having been stolen. Clearly this is true. But it is a mistake. Multiply the

Many people are responding that you're making a mistake because cash is useful after having been stolen. Clearly this is true. But it is a mistake. Multiply the probability of being mugged in a year by the amount of money you carry. That's the expected loss over that year. Is your privacy worth that? If so, carry cash. As for "chargeback insurance", I'd recommend taking responsibility for your own actions. If you buy crap from a merchant, that's between you and the merchant. Argue with him; don't buy more from him. The bank isn't a party to that argument. That should be enough to discourage such behavior. Additionally, they may have to pay the merchant and you. That's what the fees are for.