A low profile wallet may comprise a first plate, a second plate, and a substantially flat strap configured to attach around the first plate and the second plate. Different types, colors, patterns, styles, etc. of plates may be interchanged creating multiple different wallet plate combinations. The plates may include openings formed on opposite sides for retaining the strap. The shape of the openings may enable easier attachment and removal of the strap and in one example also may enable a reduction of the overall size of the plates. Separation notches may be formed on elongated upper or lower ends of the plates. The separation notches may have a substantially concave shape and/or may be offset from lateral sides of the plates.