Data is loaded onto any plastic card with a magnetic stripe an old hotel key card or an expired credit card would do as long as it carried the account data and correct access codes.
Others loaded that data onto any plastic card with a magnetic stripe an old hotel key card or an expired credit card worked fine as long as it carried the account data and correct access codes.
Regulators scrutinize offers to see whether they clearly state that borrowers are agreeing to repay part or in some cases all of an expired debt if they agree to a new credit card.