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 How do credit cards become demagnetized?

Answer When the magnetic data strip on the back of a credit comes in contact with any independent magnetic force, the card becomes demagnetized and essentially unreadable. Becoming familiar with common ca... Read More »
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Top Q&A For: How do credit cards become demagnetized

Are gold credit cards better than regular credit cards?

On One Hand: Regular Cards Accept Lower RatingsRegular credit cards have higher credit limits than secured cards but often not as high as gold cards. Traditionally, you do not need to have as good... Read More »
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The Similarities Between Islamic Credit Cards & Conventional Credit Cards?

The Koran, the holy scripture of Islam, forbids Muslims to charge interest. As with the Hebrew Scriptures, the Koran places lending in the category of charity, and so regards interest as a form of ... Read More »
http://www.ehow.com/list_7345861_similarities-cards-conventional-credit-cards.html

Will canceling credit cards with high available credit hurt my credit score?

Closing a credit card with a high available credit limit will lower your available credit, as well as remove some of your credit history. Typically, it does lower a borrower's credit score, althoug... Read More »
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Are online transactions safe using credit cards or debit cards?

On One Hand: Credit Card Fraud is Possible OnlineInternet credit card fraud is a prevalent problem. Security can be compromised, leaving personal information attainable to those who seek it. Phishi... Read More »
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