I can carry 3 embossed cards and 3 non-embossed cards in the spring-loaded compartment, I use the front slot to hold my ID and insurance cards, and I use the magnetic clip to hold cash, receipts, and business cards.
I have tried several other minimalist wallets and all had something I didn't like about them, too small, not convenient enough, or the cards are difficult to grab unless its in the front.
The only con to this wallet that I can think of is if you are looking for a very slim wallet this might not be a good fit for you, because of the leather cover it does make the wallet a little thicker. I personally don't have an issue with it but I know some might.