The top clasp is nearly impossible to undo with gloves on because its such a tight fit, but it holds the keys snugly. Aside from that little bit, the only downside to this is I cannot have an elongated handcuff key on my keychain as it hangs out below the key holder. Doesn't make noise, just finds a way to jab your leg.
Other than that, the product construction seems great. Looks good and stays snug on your belt. I'd recommend it if you wanted a quality key holder.