Metal wallets promise to protect your credit cards - MoneySense

Metal wallets promise to protect your credit cards

You can protect your credit cards from skimmers but do you really need to?


Nowadays you can simply tap your credit card on a PayPass or PayWave terminal in a store to make your purchases. You don’t need to insert your card or type in your PIN—great news if you’re in a rush. The problem is thieves equipped with inexpensive portable card readers can siphon credit and debit details without you knowing. Should you invest in a metal wallet ($5 to $70) to block electronic pickpockets from getting your data?

Queen’s University technology professor David Skillicorn says metal wallets aren’t necessary. The cards transmit only partial data—not enough to make large purchases, replicate a card or steal your identity. If you’re concerned, simply wrapping a piece of tinfoil around your card will suffice, Skillicorn says.