This invention describes a circuit and method to limit the stress caused by gate voltages required to write a one or zero in magnetic memory elements using the Giant magneto-resistive effect, such as Phase Change RAM and Spin Moment Transfer MRAM, sometimes referred to as Spin Torque Transfer MRAM, which require high programming currents. The circuit and method selects one cell at a time for writing a one or a zero, different voltages to write a one or a zero, and a precharge circuit to limit the stress on non selected cells.