We’re giving top honors to this impressive little bifold from Madewell. What We Don’t Love: The coin compartment is on the smaller side.

What We Love: This zippered bifold wallet is small and compact but includes plenty of organizational compartments. To source the best wallets for women, we researched dozens of options of all shapes and sizes and tapped design and style experts to weigh in. Still, classic bifold, trifold, and generously sized continental wallets will always have their place, especially for those who prefer something more spacious. Factor in the micro bag boom of the last few years, and it’s clear why we’ve seen an influx of slim, compact, and micro-mini options. There’s been a movement toward cardholders and magnetic pockets as we gravitate away from using cash, while cardless payment options like Apple Pay replace the need for us to pull out our physical cards at all. Style aside, functionality is important to keep in mind, ensuring it can fit whatever you consider “essential” - whether it’s an ID and credit card or…your whole life - and considering how much wear and tear it’s subject to, it should be durable to boot. It’s one that you’ll reach for almost every day, which is why choosing one that’s practical and suits your needs is imperative. Of all the accessories you can own, your wallet is perhaps the most important.