Originally Posted by
VegasGambler
How does the transition from magstripe to chip help me (the carholder?). What added benefit does it provide to me?
At best, it's neutral from my point of view. Seat belts and the polio vaccine, on the other hand, can both save my life. I don't see how you can compare the two.
If that UPS agent at the warehouse had refused to take back the unopened box that the card thief ordered online and had shipped to my house (!) I'd probably would have had to pay for return shipping. That would have been a concrete financial loss for me, albeit a small one. Totally possible that compromise was from some website though due to them knowing my address, but if they did get my info from some brick and mortar store then chips could have helped.