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> If someone steals it, they can use it but it doesn't impact me in any way except having to wait for the new card to come.

Unfortunately this is no longer the case in Europe with cards activated under 'Verified by Visa' ( and presumably the Mastercard equivalent ).

If an VbV card is used and passes authentication then it is assumed that the cardholder authorised the transaction and they are liable.



Ah, sure, if they use my card with the chip and PIN then I'm liable. Same if an online purchase is validated by 3dsecure, since that would mean that they somehow got my password on top of the physical card and personal details.




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