I'm in Canada, so I'm not sure if the CC companies operate the same in the USA, but I was contacted three time in the last four years about suspicious charges. The CC company called me. Conversation went something like " Did you buy shoes in Orlando? - Me - 'No', CC company, "How about a laptop in Toronto?", me - 'No', CC company "Luggage in Los Angeles?" - Me - "No". then they said they are cancelling the card and I will not be responsible for the transactions. I ask when I will be re-issued a Visa and they said it will arrive within the week. It did and all ok. THREE TIMES!!!. The CC Company never charged me for any of the phoney charges. I thought that was pretty decent. I don't pay for any kind of CC card protection insurance.