A magnetic attachment device for releasably attaching an article to a button on shirts, blouses, and the like. The magnetic attachment device contains: (a) a button cover for a button secured to an article, the cover contains a cap having an unobstructed interior and an open side for receiving a button therein, and a closure plate rotatably attached to the cap about a rotational axis between an opened and closed position with respect to the open side of the cap, wherein the button cover contains a magnetic member; and (b) an article containing a magnetic member, wherein upon contacting the magnetic member of the article and the magnetic member of the button cover provides a magnetically attractive force which is sufficient to attach the article to the button cover.