SWIPEOUT

An ATM or credit card that has been rendered useless because
the magnetic strip is worn away from extensive use.

Dang I cannot buy any more condoms My card is useless, I have had a swipeout.

by Buzz M. May 13, 2005

swipeout

When you've maxed out all your credit cards.

"I can't buy that dress. I've hit a swipeout."

by Craig Steele February 7, 2004

swipeout

An embarrassing encounter resulting from a credit/ATM card not working due to exceeding credit limit or overusage.

I wanted to take my girl RB to dinner at the Sizzlers, but couldn't because I didn't have any cash and was afraid that my credit card would be a swipeout.

by Robertino C. July 28, 2008