Whatever it is, it's fine. But I would never call it a purse. I would call it a credit card holder with a money clip attached. Those looking for a traditional wallet should look elsewhere. For the active person who just wants to keep a few standard credit cards and maybe some cash, this works. There is NOTHING tactical about it other than being metal. If you use your cards a lot, get used to the fact that it takes longer to find the right card.
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