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Thursday, September 2nd 2010

Video: Can magnets really make a credit card unreadable?

By Matt Schulz

If you expose your credit card to a magnet, will it still work? In an earlier video, Cynthia Drake with CreditCards.com said that it would not, but many commenters begged to differ. Well, Cynthia stepped up to the challenge, conducting experiments with a refrigerator magnet, a giant junkyard magnet and more to see what the truth really was.

And if you haven't seen it, be sure to check out the video that started the debate

 

Updated: April 22, 2010

Three most recent Credit card videos stories:
  • Video: Why you don't understand your credit card agreement – A CreditCards.com study found that the average U.S. credit card agreement is written on a 12th grade level. That means 4 in 5 Americans can't understand their agreement, since the average adult reads at a ninth grade level. Why are they so hard to read? Senior reporter Connie Prater explains ...
  • Video: How a credit card is processed – Find out what happens after you swipe your plastic with this animation showing the complex, multi-party operation that is credit card processing ...
  • Video: Consumers try in vain to read credit card agreements – CreditCards.com took to the streets of Austin, Texas, armed with a credit card agreement. Then we asked the people we met to read it. It wasn't pretty ...


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Updated: 09-02-2010

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