Even if you know that your card provider will refund you if the card leaks?
In the last decade I've twice had a credit card cloned, and twice I've been pleasantly surprised how quickly the card provider a) detected the issue, b) blocked the old card and re-issued a new card, and c) refunded the fraudent transactions.
Based on that, I'd trust my credit card provider far more than my bank(s).
Don't chargebanks typically involve a dispute between buyer and merchant? In neither of the instances where I personally experienced card fraud was the typical chargeback process involked, both times I had to confirm which recent transasctions were and weren't "mine", and after that the card provider did all the running. The second time I had many thousands of euros of fraudulent transactions refunded onto my account within 48h of the fraud being detected by the card issuer.
> your card issuer which almost always is your bank
Sorry, I wasn't very clear. I trust how credit-card-issuing-banks (in my case it was Barclaycard ie Barclays PLC) treat their card customers more than I trust current/checking/giro account banks treat _their_ customers.
It makes a lot of sense when you think about the underlying incentives to treat customers well.
Changing your current/checking/giro account can take quite a lot of work and has the potential to cause problems for a long time.
Applying for a new credit card takes a few minutes and the entire process is complete in a few days.
With bank payments I just have to be careful to check I am actually at the bank website when entering the login info. Makes me feel more in control.
I guess people in the west were already used to giving out their card info over the phone to make purchases so wasn't a big deal when online sites started doing it. In India credit cards were still not wide spread (still aren't) in the early 2000s.