I've been using this wallet for over a month now.  I have had ZERO issues with this wallet. Credit cards haven't been wiped and the leather is still holding up in all places.  Slim, compact and easy which is exactly what I was looking for.

Would definitely recommend this wallet to others and a few friends have already asked where I got this one.

****UPDATED****
It has almost been two years and this wallet is still holding together.  Absolutely no issues with magnetic bill holder and the quality has stayed together.

Very good purchase on my part!