Credit Report Security and Protecting Card Magnetic Strips

Protecting your credit card's magnetic strip and disputing errors on your credit report are vital for financial health. Learn how to remove closed accounts and report a death to credit agencies.

Hands holding woman's wallet

How to Protect Credit Card Magnetic Strip

The black strip on the back of your credit or debit card is magnetized and stores information about your account. When the strip is swiped, the merchant accesses your private information so you can make your purchase. If the magnetic strip is physically altered or demagnetized, the "swipe and buy"

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