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Credit Card Applications » News » Other » Credit Cards Ruined by Magnets

Credit Cards Ruined by Magnets

September 13, 2010 | Updated on September 13, 2010
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The content is accurate at the time of publication and is subject to change.

Anyone who splurges into shopping never leaves their credit cards behind. They usually say that "credit cards are shopaholics` best friend". This is definitely the scenario at any shopping establishment seeing people enjoy buying stuffs. However, credit card holders come across problems with their precious cards. Either it is lost or corrupted. See the magnetic stripes on your card? Well, as one swipes his/her card repeatedly, that magnetic stripe can actually be demagnetized. Magnets are built almost onto anything these days which is why every credit card is prone to being corrupted. The material used in credit cards doesn`t last perpetually. Certain machines where we swipe cards can in fact demagnetize and damage it.

Scammers use this scheme to damage credit cards of others. But what is important is the period of time the card was exposed, not what material it is made of. As long as the contact of the cards from magnets isn`t that extensive, your card will last even longer and the data on the stripe will not be lost. We all wonder how this magnetic energy ruins our card, it is simple. The black stripe at the back of the card is loaded with sorts of information needed at every transaction. The name of the card holder, card number, card issuer and credit limit. If the contained information and data is rearranged by the contact of the magnet, the card will be unreadable and its information may be thrown out due to exposure.

As a result, the encoding of information will disrupted and the card user may no longer use the credit card. As a responsible card holder, avoid scratches on your cards. Mechanical harm can make the card useless. Refrain from using purses or wallets with magnet wherein cards are placed. Treat and love your card so that every time you swipe, there would be no problem that may come across you and shopping. Another precaution is keeping your card away from refrigerator doors. The magnet which keeps your fridge shut is way much more powerful than ordinary novelty magnets.

Others use radioactive waves to deactivate and decommission the tag of items at some stores. The best way to keep your card safe is to put your card into your pockets or purse right away. If the magnetic stripe have been damaged and at its worst, there is no need to worry and walk away from purchases, but instead call the company of your credit card and have your card be replaced.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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