This is a 7 dollar wallet.  The leather feels low quality, but it looks fine.  The magnet clip works well. I do not have any gift cards and therefore cannot speak to it erasing those.  IT works fine for Credit cards and the such.  The pockets are starting to become loose and the cards are not fitting as well as they did, but it is a 7 dollar money clip ID carrier.  I got what I expected for the price.