There is very little direct benefit to US consumers from chip cards. Sure, it will reduce fraud, but from a consumers point of view it doesn&#x27;t matter. By federal law, unless the bank can prove negligence, they have to refund your money. In practice they take your word for it over the phone, and overnight you a new credit card.<p>There is a small chance retailers and banks will pass on fraud savings via lower prices, but it will be hard to notice a 2-3% price decrease.<p>It is very easy to notice waiting 5 more minutes for youe morning coffee since each transaction takes 30s instead of the old 3-5s, though.