Question

 If a magnet is held close to a credit card...will the card become un-readable to a scanner?

Answer No. It has to be an AC type of current to degauss the magnetic strip.What you can do is put the credit card in a Microwave oven. But for no more than 10 seconds. It will scramble the information
http://answers.yahoo.com//question/index?qid=20080105100620AAcRlMf

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