> I don't really see the fascination with credit cards either, particularly now that Visa+Debit cards+Chip+Pin+Smart Phones seem to offer a lot of the advantages of Credit Card

What you said before is the key. When your debit card gets compromised your money gets wiped out pretty quickly. Even with limited fraud liability on debit cards, it is still your money that left the bank. With a credit card, you are not on the hook to get that money back -- the bank will put it on the merchant if card was not present or just eat the cost. That to me is the biggest draw of credit cards. Although a normal consumer probably got on to it because of all those rewards and POS discounts.