I purchased this bag from a local specialty store about a year ago. It has held up beautifully, and looks as new as the day I bought it. The wallet component is very roomy and holds lots of id/credit cards, coins, cash, COVID vaccine cards, etc. I have used this as my main wallet since purchasing the bag. Despite using the wallet every day, with and without the bag component, the wallet and bag look as new as the day I bought it. The "bag" component is tiny. I can fit a lipstick and my phone inside the bag, and that's it. Granted, my phone is large (Galaxy Note 9), but we're not talking about lotsa space in there. On those days when I want to carry a larger bag, I just move the wallet component to the larger bag. Great design and useful bag/wallet.
Another reviewer commented on the magnets not being strong enough to keep the components together. I wonder if hers might be defective. Mine work as they should, and keep the components together.