It is true that credit cards with magnetic strips should not be placed near permanent magnets, as this can lead to data loss or damage to the cards.
True - It is recommended to avoid placing credit cards with magnetic strips near permanent magnets to prevent data loss or damage.
Credit cards with magnetic strips contain sensitive data encoded within the magnetic field of the strip. Permanent magnets can affect this magnetic field, potentially leading to data corruption or loss. Hence, keeping magnets away from credit cards is important to preserve the integrity of the information stored on them. Magnetic fields can realign the magnetic particles on the strip, causing the card's data to become unreadable, which is why it is advisable to keep credit cards separated from such items.
As a precaution, always store credit cards away from strong magnetic fields to avoid potential damage and the inconvenience of having to replace them.