A wallet is a staple accessory for many people; however, they can be bulky, they often become disorganized and they don’t offer much when it comes to personalization. If you are tired of lugging that big, bulky wallet around, you may be thinking about trading it in for a money clip.

Money clips are an excellent alternative to a traditional wallet. As the name suggests, they are designed to clip around dollar bills and slim cards, such as credit cards and driver’s licenses. They are much neater and more compact way to organize these essential items, which makes money clips much more convenient to use. They are also a safer option than a standard wallet, especially if you tend to carry your money, credit cards, bank cards and IDs in your back pocket; unlike wallets, money clips don’t make a noticeable imprint in the back pocket, making them much more discreet.

If you are shopping for a money clip, you are going to find that there are a lot of options available. To help make your shopping experience a more pleasurable one, and to help you find the best money clip for your specific needs, we have assembled this useful buyer’s guide, which contains pertinent information related to money clips that you can use to make the best choice.

Types of Money Clips

There are five types of money clips, and each type offers different features and benefits:

Two Pronged Money Clips

Of the five types of money clips, the two pronged style is the most basic. Usually made of plastic or metal, the two pronged money clip opens up, clipping money and slim cards, such as IDs and credit cards, between it. They are small and are only intended to accommodate small amounts of cash and one or two slim cards; however, they come in many different styles, from simple pieces of folded metal (which can be inscribed with your initials or another trademark emblem,) or they can boast a more interesting design, such as a paper clip or even a clothespin.

Card Holder

If you want to carry more cash and cards on you, a card holder may be a better option for you. This type of money clip offers more storage space than the standard money clip. It resembles a square pocket, which can be attached directly to your pocket or your smart phone for easy access. One the downside, while they do carry more than a standard two pronged money clip, card holders are bigger and bulker to carry.

Money Band

Constructed of an elastic or fabric band, money bands are designed so that they can easily wrap around a neat pile of cash and / or credit cards, bank cards and IDs. They often have a separate card holder for added storage, but that does depend on the design of the money band you opt for; however, do keep in mind that the addition of a separate card holder will make a money band bulkier and more noticeable.

Double Sided Money Clips

The double sided money clip is the same basic principal of the two pronged money clip, but it offers an added twist; the extra prong is located on the backside of the clip, giving you more options to attach it to. This type of money clip is usually made of metal or plastic.

Magnetic Money Clip

Magnetic money clips are usually constructed from leather or fabric on both sides and contain magnets that keep them closed. A magnetic money clip is perfect for clipping dollar bills and even a few coins. Do note, however, that it isn’t advisable to carry credit or debit cards in a magnetic money clip, as the magnet can deactivate the magnetic strip along the back of these cards.

Money Clip Considerations

If you are shopping for a money clip, there are certain factors that you are going to want to take into consideration to ensure that you purchase the best one to suit your specific needs. Money clips carry some of the most valuable possessions you have; cash, credit and bank cards, and identification cards. For that reason, you want to make certain that you are choosing the best money clip possible. You also want to make sure that it is easy to use and that it will keep things organized. To make the best choice, consider these important factors before you make your decision.

The Size

How big do you want or need your money clip to be? If you only plan on using it to carry a small amount of cash and maybe a card or two, your best bet will likely be a smaller money clip, such as the standard two pronged style. However, if you want to use it to carry more, consider a larger type that offers extra storage space.

Ease of Use

Of course, you want your money clip to be as easy to use as possible. The last thing you want to do is find yourself dropping money and cards all over the place each time you take it out. Choose a money clip that will securely hold your money and cards, but that you can easily access without a struggle.

The Style

Do you want a simple, streamlined look, or do you want something that is a bit more ornate and personalized? The simplest money clips are basic pieces of metal; however, they can be adorned with engravings or with added decorative features, such as stones or different types of metal. If you really want to make a statement, you may want to opt for a money clip that features a bold design, such as a dollar bill, or a paper clip, for example.

Where Will You Be Carrying It?

You should also consider where you will be carrying your money clip before you decide which type you would like to purchase. If you plan on carrying it in your back or front pocket, something that is compact and streamlined will fit comfortably in the space and will be more discreet. If you plan on carrying it in a bag, a larger money clip that offers more storage may be an option worth considering.

The Material

Money clips can be made of metal, plastic, fabric or leather. The type of material that is used largely depends on the type of money clip you choose. Consider what type of material you would be most comfortable using.

Your Budget

Money clips come in largely varied price range. The most basic money clip can cost around $20, while more intricate and extravagant money clips can cost upwards of $100 or more. The size, the design, the materials and the features of the clip will have a direct impact on the price.

Money Clip Features

Money clips can be simple and boast no other features than the clips that are intended to hold cash and credit or bank cards; however, some money cards do offer certain features, and these features may interest you, depending on your specific needs.

Credit Card / Business Card Holder

If you want to neatly and securely tuck your credit cars, business cards or identifications into your money clip, you may want to consider purchasing one that features a credit card / business card holder. Essential a pocket attached to the back of the money clip, this feature allows you to easily store those larger items that you want to keep neatly tucked away.


Some money clips also feature wallets that are attached to them. The wallets are much smaller and are way more streamlined than a standard wallet; however, they do tend to make the money clip much bulkier. If you plan on carrying a lot of items, but want to have easy access to cash, a money clip that features a wallet may work for you.

Identity Theft Protection

Identity theft is a growing issue these days, and a money clip that features identity theft protection can help to save you from massive headaches. RFID blocking material prevents unauthorized scanning of your credit cars, thus providing you with increased peace of mind.

Best Money Clip Brands

There are several companies that manufacture money clips, and each company has something different to offer. We checked out the different money clips from some of the most popular brands and we concluded that the following brands are truly the best of the best.


Venitou produces the Genuine Leather Money Clip, which boasts high tech RFID blocking material to ensure your safety and security. Their money clips are slim and streamlined, yet offer a lot of space so that you can easily carry around all of those must-have items that you need to have easy access to.

Alaska Bear

This company manufacturers many accessories for men, including money clips. We liked how simple and basic, yet elegant and sophisticated their money clips were. We also liked the high quality materials that they used and how compact and easy to access they were.


This is another maker of high quality accessories for men, and they offer a wide range of money clips to suit all taste and all needs. We particularly liked that this company offers such a variety collection of money clips, and we liked how much space they offered.