Money Clips vs. Wallet: Factors to Consider

From the money purse to today’s conventional wallet, people have used money-carrying devices throughout history. With the invention of credit and debit cards, wallets have become slimmer and simpler to the point where some people opt for a money clip instead. Which option is right for you? Check out these money clips vs. wallets factors to consider and see which one best fits your lifestyle.

Money Clips

A money clip is a compact device used to hold cash or bank cards. They are slimmer than a traditional wallet but function similarly. There are many advantages to using a money clip over a traditional wallet. One of these is that they’re compact and fit into any pocket. Manufacturers designed money clips to be convenient and fit easily into your pockets. Their sleek design helps deter you from carrying unneeded receipts, business cards, and other items. Money clips carry only the bare minimum, like identification, credit or bank cards, and cash. Money clips are also customizable. Owners can engrave their name, initials, or favorite image on the clip. Typically, money clips are constructed of either metal or carbon fiber materials.


Wallets are the traditional device used to hold your money or cards. They project a professional appearance. That’s not to say a money clip can’t look nice, but wallets are sophisticated. You shouldn’t go to a job interview or on a first date and pull out a money clip with everything sloppily hanging out. Wallets are slick, serviceable, and stylish. There are many different styles of wallets to choose from, but the most common are bifold, trifolds, and slim wallets. Bifold are one of the oldest styles and offer two sections folded in half, while trifolds offer three sections folded over twice. You can get these styles in various materials, such as leather, faux leather, carbon fiber, or fabric.

Which to Pick

Given that information, whichever type of money holder you choose depends on your lifestyle. Those who are minimalist or want a simple, card-carrying device should choose a money clip. These people may want the simplicity that this lightweight device gives them. Still, some enjoy the elegance and professionalism that traditional wallets offer and require a certain device for their jobs or lifestyle, or they enjoy the luxury of having everything they need in one convenient place. No matter what, both are stylish, convenient, and easy to use.

You could also opt for a slim wallet with a money clip attachment. Fortunately, we at Fantom Wallet carry just that. We designed our thin card wallet to be simple and convenient for any person. You’ll have instant access to your cards or cash with a simple flick of the thumb, and your coins store right in the built-in coin case. Not to mention, they’re lightweight and incredibly slim. Check out our customization feature to design your perfect thin wallet today.