I love the concept but it's a disaster. The magnetic money clip erased one of my credit cards. I wasn't sure if that was the case, so I checked the expired card on the credit card reader in my office before putting it in this wallet. I could read it well. I then modeled a magnet that slides in my pocket, with the magnetic stripe on the credit card separated by the skin just behind the magnet. Then I tried the test card on the reading terminal and it didn't read any more. The issue has been verified. I don't use it anymore, but I could remove the magnet and pull tab and still use it.
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