Yes it could. I don't see why not. But no guarantees.
It's not enough to just be able to retrieve the data from the card, as the phpsical card itself is important.
After you retrieved the data from the card, you should throw it away. You cannot trust it anymore.
Following your reasoning, it's not worth the try.
Aside from that, if the data on the card was really important, you would already have retrieved the card by now. The longer you wait, the smaller the chance that it still works.