Are Magnetic Money Clips Safe?
Are Magnetic Money Clips Safe?
Magnetic money clips are popular options for minimalists who want to keep their daily essentials down to a minimum. Traditional metal money clips are only able to carry paper money like bills and checks effectively. Thicker items like plastic cards tend to slip out easily, so metal money clips are not a suitable option for carrying anything but cash. These limitations don't apply to magnetic money clips. With the benefit of the heavy duty magnet, magnetic money clips are able to firmly grasp bills, papers and plastic cards. As result, many people use their magnetic money clip as a way to carry their cash, ID, bank cards and credit cards.
Magnetic money clips are popular options for minimalists who want to keep their daily essentials down to a minimum. Traditional metal money clips are only able to carry paper money like bills and checks effectively. Thicker items like plastic cards tend to slip out easily, so metal money clips are not a suitable option for carrying anything but cash. These limitations don't apply to magnetic money clips. With the benefit of the heavy duty magnet, magnetic money clips are able to firmly grasp bills, papers and plastic cards. As result, many people use their magnetic money clip as a way to carry their cash, ID, bank cards and credit cards.
Demagnetization and Credit Cards
Demagnetization as it connects to credit cards refers to occurrences where a magnet can be used to demagnetize the magnetic strip of a credit card. The magnetic strip is that thick black or colored line on the back of credit cards and bank cards. When the magnetic strip is demagnetized it, it corrupts the data stored in the card and renders the swiping feature unusable.
So, what about the magnets in money clips? Those who choose to carry their credit cards and bank cards in their magnetic money clip may be concerned about demagnetizing their cards. While magnetic money clips place credit cards in close proximity to magnets they should have no impact on the magnetic strip of credit cards. Many who use magnetic money clips report no issues with demagnetization or data corruption. So, go ahead and use your magnetic money clip to hold your credit cards!
A Word of Warning
While magnetic money clips should have no impact on credit cards and debit cards, there are some cards which can be affected. Hotel key cards are more likely to be susceptible to damage from magnets in prolonged close proximity, so avoid storing those in your magnetic cash holder.
Demagnetization as it connects to credit cards refers to occurrences where a magnet can be used to demagnetize the magnetic strip of a credit card. The magnetic strip is that thick black or colored line on the back of credit cards and bank cards. When the magnetic strip is demagnetized it, it corrupts the data stored in the card and renders the swiping feature unusable.
So, what about the magnets in money clips? Those who choose to carry their credit cards and bank cards in their magnetic money clip may be concerned about demagnetizing their cards. While magnetic money clips place credit cards in close proximity to magnets they should have no impact on the magnetic strip of credit cards. Many who use magnetic money clips report no issues with demagnetization or data corruption. So, go ahead and use your magnetic money clip to hold your credit cards!
A Word of Warning
While magnetic money clips should have no impact on credit cards and debit cards, there are some cards which can be affected. Hotel key cards are more likely to be susceptible to damage from magnets in prolonged close proximity, so avoid storing those in your magnetic cash holder.
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