I was doing a major project at my girlfriend's house, and then a complete remodel of one of my rental properties. As a result I used four of my cards, two debit and two credit, at home depot right in the period in question. ALL FOUR of those cards were compromised. Two were cancelled by the banks and two I found had fraudulent charges on my bills in the past four months. Two of them I had registered on my ApplePay. Both of those I had new cards issued and I got an email from my bank informing me that my ApplePay had been updated to reflect the new cards. . . all with out me having to do anything on my iPhone to indicate the cards were being replaced. The banks handled it.
I have American Express and I have Visa from BoA.
Amex emails me every time my card has been used, and they watch it like a hawk because my Amex bill is usually a couple thousand a month. On the BoA Visa, it is tagged to my other accounts and reporting and they have the option to set thresholds for email notification of use. I set them at the minimum (like any use at all), and I get an email notifying me. Both of these pretty much takes the worry out of having my cards misused.