Satchel and wallet combination assembly

A collapsible satchel and card receiver combination assembly configured to be converted between a satchel configuration and a wallet configuration, the assembly comprising:

• a container being flexible and including a perimeter wall having an upper end being open to access an interior of the container, the container being configured to be manipulated into a folded condition wherein the container is folded multiple times upon itself and into a deployed condition wherein the container is unfolded;
• a card holder being attached to a front wall of the container such that an upper edge the card holder is positioned adjacent to the upper end and the first lateral edge of the container, the card holder being positionable in the container when the container is in the deployed condition, the card holder having a front side including plurality of card pockets each having a size configured to receive a credit card, the card holder having a width measurement taken along its upper edge being less than 4.0 inches, the card holder having length measured from its upper edge to a lower edge being less than 3.5 inches:
• the container being abuttable against the card holder when the container is in the folded condition such that the container has a length and width substantially equal to the length and width of the container;
• a closure releasably retaining the container in the folded condition and in abutment with the card holder such that at least one of the card pockets is exposed;
• and
• wherein the closure includes a panel being attached to and extending upwardly from a juncture of the card holder and the container, the panel having a distal edge with respect to the card holder, the panel having a first side edge, a second edge, an inner surface and an outer surface, the inner surface of the panel being extendable rearwardly away from the card holder, over the container when the container is in the folded condition, and abutted against the front side of the card holder, the panel being removably attached to the front side of the card holder when the container is in the folded condition to retain the container in the folded condition and in abutment with the card holder, the front side facing away from the container when the container is in the folded condition.