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Well this could be because US credit cards are magnetic and UK ones are (much more secure) chip-and-pin cards.


Yeah, this has got to be it. Non-US CC info seems much more difficult to acquire, and thus more valuable. And just because Americans are in debt (obviously not all) doesn't mean their credit cards are maxed out.


There is however likely a difference in average credit limit on cards of citizens of countries with different economies.


I know that the criminals probably haven't caught up and this technology may not be widespread (so your argument holds) but...

chip and pin is definitely broken (defcon presentation) http://www.youtube.com/watch?v=JABJlvrZWbY




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