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No. A show on the Discovery Channel called "Mythbusters" proved this a myth on one of their shows. They were able to affect a credit card by using an extremely powerful magnet that you don't come across everyday, but they couldn't erase it using a cell phone or a money clip.

2006-06-09 09:51:52 · answer #1 · answered by staple remover 2 · 2 0

Yes, they say you are not to get your credit cards close to anything magnetic for that reason. Also, certain types of leather can damage them, too. I think they told me eel skin or snake skin wallets...which I don't have but the card company once was trying to figure out why my card was malfunctioning.

2006-06-09 09:51:18 · answer #2 · answered by Surfgirl2go 3 · 0 0

Nope. Staple Remover said what I was going to say. They even put a credit card in a tank with a live electric eel, and the card didn't change.

2006-06-09 10:28:57 · answer #3 · answered by Anonymous · 0 0

Yes. Any magnet will ruin your credit cards

2006-06-09 09:49:13 · answer #4 · answered by monkeypox6 2 · 0 0

No but they can erase the small data from the back of the Motel Room Keys.

2006-06-09 09:49:43 · answer #5 · answered by MSV_MGT 3 · 0 0

Yep! Happens all the time.

2006-06-09 09:49:29 · answer #6 · answered by ? 6 · 0 0

oh yeah, not totally erase, but definitely render it useless.

2006-06-09 10:03:57 · answer #7 · answered by Tarvold 3 · 0 0

Yes they can!!! I know from personal experience.

2006-06-09 09:49:08 · answer #8 · answered by cyanne2ak 7 · 0 0

Have you ever seen mythbusters?

2006-06-09 09:53:45 · answer #9 · answered by Titainsrule 4 · 0 0

Yes they sure can

2006-06-09 09:49:23 · answer #10 · answered by foolnomore2games 6 · 0 0

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