That's one of the reasons I've never liked credit cards. Too many entities just assume that the person using the card or the card's information is the person themselves.
They're able to make money because the amount of fraud is less than the amount of transaction fees they process and the interest they make off of credit card users. Still feels weird that they couldn't figure out a better way to verify users.
I'd rather use cash. But I guess swiping a card and being able to spend with more than you have is attractive to people.
At least we have blockchain on horizon.
I hear you. This whole CC fraud issue was one of immediate reasons I liked the blockchain.
I use a credit card more as a payment mechanism than a line of credit (I hate carrying debt). I prefer it to a debit card linked directly to my bank account. It gives me a time buffer to deal with fraud without someone draining me. So I'm basically trying to use it as digital cash (by paying if off every month), but in reality it falls well short of digital cash powered by a blockchain.
Future can't come soon enough.