How to securely destroy your old credit card

It is an unfortunate fact of life that identity theft is becoming more and more common these days. That is why it is so essential for you to take every possible step to protect your personal financial data from being stolen by anybody. As long as you follow a few simple guidelines, you will be in good shape.

One of the best things you can do to prevent your identity from being stolen is properly destroying your old credit cards. Simply cutting it up once or twice will no longer get the job done, as it could easily be pieced back together.

Here are a few tips to help you destroy your credit cards:

  • Bag the pieces separately: One of the most effective, and easy, things you can do is make sure that the credit card is thrown away in different trash bags. That will make it more difficult for somebody to find the pieces and put it back together.
  • Destroy the magnetic strip: Before you toss the card away, you should take the extra precautionary step and destroy the strip that is on the back of it. You can do this by simply running a strong magnet along it for a minute or so.
  • Shred all cards and documents: Of course, you should be careful to shred all financial documents and credit cards that you will no longer need. Invest in a small shredder that you can keep in your home office.

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