Is it OK to have a slim regular wallet (not MagSafe) in the same pocket as an iPhone 15 Pro Max?

I'm concerned about carrying my slim wallet, not MagSafe, in the same pocket as an iPhone 15 Pro Max. I know we're on the front end of the 15 Pro Max's appearance, but will doing this de-magnetize my ID or credit cards?

BTW, the system wouldn't let me tag a 15 Pro Max for the topic, so the closest I was allowed to choose was a 14 Pro Max...