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You should never keep a credit card neat a magnet because that black strip at the bottom of the card is actually a sort of memory like in a computer chip. The magnet makes all this memory wipe to either become 1 or 0(depending on the direction). Also, if you are using a card with a swipe chip, this will also be wiped.

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Q: Why should you never keep a credit card near a magnet?
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Related questions

How does a magnet in a credit card work?

Magnet's ruin credit card's smarts! the reason why is just because. there is nothing else to it!


Why should a credit card not be kept near a magnet?

Urban myth is it disrupts the data, it doesnt.


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Take a magnet, swipe it on the magnetic strip on the card.


What is the black strip on the back of a credit card called?

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Magnet damage a credit card?

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Should I except a business credit card offer from my coworker?

I would check with someone higher in the business just to make sure its not a scam. It could be a business credit card that is no longer in use. It could also be a stolen credit card. You should never accept a credit card from anyone without knowing all of the details about it first.


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