BTW, I will also admit that I would probably try a bit harder to get a future C&P card accepted if it offered bonus points at a certain class of merchant.
For the time being my only "true" C&P card is 1x for everything so for a lot of my spending, other cards that happen to be C&S earn at better rates depending on the merchant.
Originally Posted by
VegasGambler
I think that the main problem with chip + pin is that people think that it's secure, but it isn't.
I do not want to move to a system where your card is presumed to be secure and so the burden of proof shifts to the customer to show that fraudulent charges are actually fraudulent. With the magstripe system, the cards are insecure, everyone knows it, and I don't care because I'm not responsible for fraudulent charges. I like this system. I have had fraudulent charges on my card and it has never been anything more than a minor inconvenience. It's very consumer-friendly, and, as a consumer, I like that.
According to US law, it's still on the issuers to prove it:
http://www.law.cornell.edu/uscode/text/15/1643. Without this law, they would have probably tried to pin the charges on you anyway even if magstripe. Also, some of the current chip and PIN vulnerabilities are no longer an issue if online PIN is used instead of offline PIN.