I bought this item for a whopping $13 at another store on clearance. I don't use it for a cell phone because it is too small. Unless you have an old school Motorola or Nokia, today's smart phones will not fit. I actually carry my cards in this space as it will stretch a little but keeps them all in place with a snap. Great colors and I like the fact that it is made from recycled materials. However, $48 bucks is steep for this little item. Also, it's fairly well-made but not great as you can see crooked stitches and places may not be lined up like they should for the price. I still like it and it's useful. If you are a stickler for quality, stick with Fossil.