why even bother thats the point. With a regular credit card, you'll have to request a new card and number, wait for it in the mail, and now change all your accounts that are associated with it. With my phone, remotely wipe my sd card / lock out my phone. Track it down, and restore. Much easier. I have missplaced my credit card before, and the loss of my phone is more noticeable and quicker in general than my credit card that I didn't realize was missing till the next time I went to use it.

I have three credit cards, and two gift cards in there. That's a minimum of three calls, the numbers for which I have to find and call and sit through what is probably an automated system.

Sure, it's a first world problem. But that's where I live, and those are the problems I'd like solved.