You fail to mention the full, tedious process for reporting fraudulent card transactions, and getting them reversed. Whenever I've had to do it (recently, almost yearly), There are records to review, paperwork to fax, etc. to confirm what charges are legit and which aren't.
With my card, in most cases, I get a call where they verify a half-dozen or so purchases. There was once where they called me to say that my card was cancelled, with a new one in the mail. I've never had to fill out any paperwork from that particular bank/card, let alone had to fax anything. The policies vary company-by-company, so something that's onerous for you may be much easier for someone else.
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