American Express has unveiled sleek iPod nano-like accessory for its Gold card members called “Butterfly“. It’s free for Gold card holders and linked to your current account.

It seems like the appeal is mainly status here. Convenience-wise, I guess it could come in handy for women, who seem to need this kind of reduced wallet thing. Guys just carry their wallet around the entire time, so I’m not sure what the draw is here for them — carry yet another separate metallic item?