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Not at all! The envelope pouch was £250. I’ve used it today with 9 cards in it. Credit, debit, gift cards etc. Plus a little cash and a couple of coins. I had the same items in the Calvi yesterday, the Moynat pouch is a little roomier and it’s easier to access the coins. I thought they might fall out, but seems ok, even if it’s not technically meant for them.
I took a couple of photos with the 9 cards in place to give you an idea. The pouch is still relatively flat with them inside.