Last time I had a fraudulent charge on my debit card I went to the web portal, hit "Dispute/Chargeback" or whatever it said, it asked me for a reason, I answered "fraud" and it asked for details and blocked my card. Couple of hours later I had the money back in the account and a couple of days later I could pick up the card at the bank. Doesn't feel like a major hassle really.
That sounds like a hassle to me, and from the point of the fraudulent charge to the chargeback you could have been affected by bounced checks due to unexpectedly deplete funds. I don't see the value when you get complete protection, and 30 day free loans from a credit card for no cost.
