I've owned this money clip for two years, and it is still going strong! The stitching has held up, and the leather is only showing mild wear on the outer side around the part which hinges. When and if this thing ever wears out, I will be definitely come back and get the exact same one.It is very surprising how many bills folded in half you can put it in and the magnets still grip. At least ten bills.I used my wallet to hold my credit cards and store membership cards. I used this clip to carry my cash.Someday, it will occur to our overlords to put all our credit card and store memberships on a single piece of plastic. Until then, my wallet is way too bulky with both cash and cards. So, wallet for cards, clip for cash.