HS Code for Magnetic stripe card

Magnetic stripe cards are classified under HS code 8523.21. This code is found in Chapter 85, which deals with electrical machinery and equipment, sound recorders, and reproducers. Heading 85.23 covers prepared unrecorded media for sound recording or similar recording of other phenomena, as well as recorded media. Subheading 8523.21 specifically addresses cards incorporating a magnetic stripe. These cards are characterized by a band of magnetic material that can store data through the modification of the magnetism of tiny iron-based particles. The classification applies whether the cards are unrecorded (blank) or recorded with specific data, such as account numbers or access codes. The Harmonized System groups these items based on the technology used for data storage. Magnetic stripe technology is distinct from optical or semiconductor-based storage. This code includes a wide variety of cards used in financial, security, and hospitality industries. It is essential to note that the card must "incorporate" the stripe; a simple plastic card without the magnetic element would be classified as a plastic article in Chapter 39. The presence of the magnetic stripe is the defining characteristic that brings the product into Chapter 85.

Products Included

• Magnetic stripe credit and debit cards
• Hotel key cards with magnetic stripes
• Loyalty and gift cards with magnetic stripes
• Magnetic stripe identification badges
• Blank plastic cards with integrated magnetic stripes

Common Misclassification

Magnetic stripe cards are often confused with "smart cards" (cards with an embedded chip), which are classified under 8523.52. If a card has both a chip and a stripe, it is typically classified as a smart card under 8523.52. They are also sometimes misclassified as simple plastic articles under 3926.90 if the magnetic element is overlooked.

FAQ

What is the HS code for Magnetic stripe card?

The HS code for cards incorporating a magnetic stripe, whether recorded or not, is 8523.21.

Does this code include cards with electronic chips?

No, cards with electronic integrated circuits (chips) are classified as "smart cards" under HS code 8523.52, even if they also possess a magnetic stripe.