I recently purchased my second stainless steel wallet (Stewart/Stand Tri-Fold) after my first one started showing signs of wear and tear after two years of constant use. The reason that I initially purchased this type of wallet and continue to use it is that there have been a number of warnings during the past couple of years that the information imbedded within credit cards can be harvested from those cards without your knowledge and without the cards ever leaving your wallet. Radio-frequency identification (RFID) technology is used throughout the credit card industry to allow authorized electronic scanners to scan your card to enable purchases, cash withdrawals, etc. However the equipment used to scan these cards can be easily obtained by unscrupulous individuals intent on stealing information from your cards in an attempt to illegally benefit from the use of that information. In 2011 a security expert, accompanied by a news reporter, took a portable scanner costing less than $100.00 and a laptop computer onto Beale Street in Memphis and over a course of an hour skimmed the credit card information from five people by merely passing the scanner near the pockets of these city strollers.
In most cases newer cards contain only the credit card number and expiration date and do not have information pertaining to your name or personal identification number (PIN). However, I don’t want any information pertaining to my credit cards being out there for anyone to pick-up so I’ll keep using my RFID proof wallet. The wallet cost me $69.00 and while doing what a wallet is supposed to do such as keeping all my cards, cash and identification in a handy place it also provides me with a little peace of mind.