On at least one of my cards magstripe is officially considered a legacy feature, I have to explicitly request that it's enabled if I'm travelling to a place likely to make use of magstripe payments, and it will only remain enabled for one or two weeks.
I had no idea if the magnetic stripe on my (australian) credit card worked until a recent trip to the USA. I’ve had that card for years and I don’t think I’ve ever swiped it before. Australian POS terminals won’t let you use the magnetic strip on a card when chip & pin is available. Even inserting your card seems old fashioned now - PayPass (contactless payment) is by far the most common way to pay in australia.
Each year there seems to be fewer reasons to carry a wallet around. Cash? Killed by covid. Card? Apple Pay. Drivers licence? There’s an app for that. It won’t be long before wallets are entirely useless.
I'm far more likely to have my wallet on me than my phone. Credit cards have infinite battery life, 100% waterproofing, no real-time tracking/spying and low to no cost to lose. Cash trades out the low cost to lose for anonymity.
Yes. They sell wallets with Faraday cages. I have been so far able to push off contactless cards, so I just assumed that other people who care about avoiding realtime tracking also insist on chip only.
Just don't assume that's to do you any favors - credit card fraud is 100% on them, the removal of features is to minimize fraud and if it's a feature you still occasionally need it's being done at your expense.
