I have a belt just like this in another color. I like this style of belt because they're easy to put on and adjust to a fine degree. I own one of those "fancy" ratchet belts, but I only use those when dressed up since they're leather. I wear these belts the rest of the time. They aren't "dressy" but I can wear them with jeans and khakis and any type of top, from tee shirts to button downs.
I plan on purchasing other colors for more versatility.
The other belt I have owned for about a year now and it still looks as good as new. I wear it A LOT but the canvas strap is very tough. I trimmed one end to fit and burned the cut end to stop fraying. No problems.
Finally, you can't beat the price for a belt like this.