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yes but it depends on the type of magnet and how strong it is
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∙ 13y ago
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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!
Who invented the credit card magnet strip?
Mike Liddy
Why should you never keep a credit card near a magnet?
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.
Why should a credit card not be kept near a magnet?
Urban myth is it disrupts the data, it doesnt.
What happen when you place a magnetic card with a magnet?
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
Which of the following will likely affect a magnet a DVD a floppy disk a credit card or a compact disc?
a credit card [wrong]Apex :)SHE IS WRONG, its a credit card AND an access card you scan for entry into a builing.
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!
What devices will have its data scrambled by a magnet?
A credit card
How credit card affect the society?
when credit card is not good
What is a credit card affiliate and how will it affect someone applying for a credit card?
Credit card affiliates offer credit card customers exclusive deals and incentives for using a credit card. This does not affect an application as the enrollment in the program is voluntary.
Who invented the credit card magnet strip?
Mike Liddy
If you are an authorized user on your parents credit card and they claim bankruptcy how will that affect your credit?
It will not affect your credit at all. Their credit information was used to secure the card. You are in the clear.
How do you erase magnetic information on a credit card?
Take a magnet, swipe it on the magnetic strip on the card.
Can you apply for the same exact credit card you already have if the new credit card offer is better and how does doing this affect your credit?
Yes you can apply for exact credit card, it won't affect your credit at all.
What is the black strip on the back of a credit card called?
magnet strip
Magnet damage a credit card?
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.
Will your credit history affect your application for a virgin money credit card?
Yes it will affect your chances for a virgin money credit card. This will happen becasue for any credit card that you are applying to you need a good enough credit score to qualify.
