I only have two credit cards, both with very high credit limits. I also
have Equifax monitoring my credit continuously and I'm notified, by email, if any changes occur over a certain dollar amount. If anyone applies for credit or inquires of my credit history I am also notified. With this service I have unlimited access to credit reports so I check mine every month or two.

You are protected by law against fraud ,so your liability is limited. If your identity is stolen a lot of damage can be done if action is not taken immediately. i monitor my credit very closely because over the years I have had a problem with other peoples credit ending up on my report. In all cases this was a negative. My name is one of the most common names in the US, maybe even the English speaking world. No it is not John Smith.