Money clip
From Wikipedia, the free encyclopedia
A money clip is a device typically used to store cash and/or credit cards in a very compact fashion for those who do not wish to carry a wallet.
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[edit] Metal Money Clip
A metal money clip is generally a solid piece of metal folded into half, such that the bills and credit cards are securely wedged in between the two pieces of metal. Metal money clips are typically made out of stainless steel, silver, gold, titanium, or platinum. They are typically sold as luxury items. The chief disadvantage of a metal money clip is that, due to the inflexibility of the metal, it cannot typically hold large amounts of cash. Depending on the design, it may also be difficult to push the bills into the clip.
[edit] Magnetic money clip
The magnetic money clip is made of two strong rectangular magnets encased in leather, with a small piece of leather separating the two pieces and allowing them to swivel into a closed and open position. A magnetic money clip typically has a greater carrying capacity than a metal money clip and the strongest clips are able to hold up to 15 bills folded in half.
[edit] Hybrid money clip
A hybrid money clip is a clip designed specifically to hold both credit cards and cash. It may have other functions such as a built-in watch. The conventional hybrids are a credit card holder with either a swivel magnetic clip attached to the back side or a solid plastic clip. More unconventional hybrids may be found.
[edit] Rubber band money clip
The last type of money clip is the rubber band variant. The user may group credit cards together while folding the cash into thirds, and wraps the rubber band around the combined stack. As is often the case with such users, credit cards may not be present, so instead the money is rolled into a large roll and the rubber band is then wrapped around the entire roll. A user may often put the larger denomination bills on the exterior of the roll, and the smaller denomination bills on the interior of the roll so as to 'represent' a larger amount of held cash.
