Are you looking for a new wallet? If so then you should consider the advantages and disadvantages of a credit card wallet. Here are some of the key ones:
1. Easy access to credit cards
This is one of the key features of a credit card-holding wallet. You’ll have slots where you can put your most often used credit and debit cards. This is a plus if you want to buy snacks at a convenience store, fuel at a gas station, and so on. It’s a plus because you want to rummage through your pockets or bags.
Instead, you can easily insert and organize your credit/debit cards in your wallet in the slots. This is a much easier process than other methods and provides easy access to the cards.
2. Combines a wallet and credit card holder
An alternative to a credit card wallet would be to buy an own wallet and credit card holder. While this would keep your cards and money separate, that could be a problem. There’s the issue you’d have to carry two items, which could be quite bulky.
Besides the bulkiness, it’s tougher to keep track of both items instead of one. That can be tough if you want to enjoy more convenience when you’re holding or carrying the items. Today there’s already enough stuff to keep track of including smartphones, tablets, smartwatches, and other gadgets. If you have to keep track of two items to carry your money/cards, it can be tough.
3. Saves a significant amount of money
Sure, you’ll have to pay more for the wallet if there are credit card slots. Is it worth it? Consider the fact that the cost of buying an own wallet and credit card holder would be significantly higher. That’s especially true if it’s a quality one made of leather, snakeskin, and so on. In that case, the price would be exponentially higher.
1. Bulkier wallet
The credit/debit card slots themselves wouldn’t make the wallet much fatter. However, there’s the issue that if your wallet is full of cash, credit cards, business cards, etc. it can make the wallet bulkier. That can, in turn, make it easier to remove and insert the wallet into pockets. In turn that can result in a disaster if stuff starts flying out of the full wallet when you open/close it.
2. Higher price tag
One thing to keep in mind is that the credit card wallet will cost more than a standard wallet without the slots. If you’re on a shoestring budget, it could be a tough situation to deal with. That’s especially true if you have to replace the wallet from time to time. In that case, you’d have to pay a higher price tag each time you buy a new a wallet.
3. Possible for wallet to be lost/stolen
There’s a chance that your wallet could be either lost or stolen. It’s one thing to lose cash. However, it’s even worse if you're wasting not only the cash but credit/debit cards. It can be a hassle to cancel each of the cards.