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.
Magnet's ruin credit card's smarts! the reason why is just because. there is nothing else to it!
Urban myth is it disrupts the data, it doesnt.
yes but it depends on the type of magnet and how strong it is
Mike Liddy
short answer: bye-bye data long answer: the magnetic forces in the magnet scramble the magnetic domains on the magnetic card, thus killing the data on the card
Magnet's ruin credit card's smarts! the reason why is just because. there is nothing else to it!
Urban myth is it disrupts the data, it doesnt.
yes but it depends on the type of magnet and how strong it is
A credit card
Mike Liddy
a credit card [wrong]Apex :)SHE IS WRONG, its a credit card AND an access card you scan for entry into a builing.
Take a magnet, swipe it on the magnetic strip on the card.
magnet strip
Yes, The black strip on the back of a credit card (or any other plastic card with a dark strip) stores information on it in magnetic form. Thus if you place a credit card near a strong magnet it will change/damage this magnetic information making the strip unreadable.
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.
bc they can put you in time out
Both permanent magnets and electromagnets. -Apex