That is exactly what they say, you just need to make sure the degaussing aspect is known first. My credit cards (the chip card still has a stripe), health insurance and bonus cards have magnetic strips. Makes this wallet useless to me. Other wallet makers have found magnets that don't interfere with the band.
Maxpedition BRK ๐ณ MX218F Gear Micro Wallet
68 Review
Minimalist Slim Wallet Men Women Men's Accessories for Wallets, Card Cases & Money Organizers
51 Review
๐ Minimalist & Durable Flowfold Sailcloth Made from Recycled Materials
58 Review
Crabby Wallet Minimalist Pocket Polyester Men's Accessories in Wallets, Card Cases & Money Organizers
59 Review