A couple of years ago, we were introduced to the Cardsharp from Iain Sinclair. It was a pretty interesting idea at the time–a credit card that transforms into a knife–but now Sinclair has introduced Cardsharp version 2.0 with a stiffer polypropylene build. No one wants a flimsy knife.

Another very notable feature on the newer Cardsharp is a childproof safety lock. This way, the little ones don’t accidentally cut themselves and you don’t accidentally unfold the knife in your jeans pocket. The cutting surface is 2.5-inches of stainless steel and you can swing it out with just three folds. Even though the material is stiffer than its predecessor, Cardsharp 2 is still quite light at just 13 grams. That’s 1/10 the weight fo a Stanley utility knife.

No, you don’t get as much of the multifunctionality of a typical Leatherman utility knife, but this is a lot more portable and slick. As before, the retail price for the new Cardsharp is $25 with the option for custom silk screen printing or laser engraving. Just don’t try to sneak it into your carry-on bags at the airport.

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On this year’s “must-have” list for the gadget-lover close to your heart we’ve been intrigued by design house Iain Sinclair’s wallet collection. While our inner-geeks love the wallet-sized HD and 3D cameras, the CardSharp utility knife is equally exquisite. Designed to be stored in your wallet, the knife is the dimensions of a credit card, but with three little folds it transforms into the utility knife you see before you.

The built-in protective sheath protects you from injury and the stainless steel surgical blade from blunting , plus its composition makes it slimmer and lighter than standard knives. Weighing in at just 13 grams and measuring just 120 x 120 x 5mm.

It’s set to ship Q1 2011 for $25 US in your choice of natural stainless steel or black Teflon coated blad. You can reserve it now for half that price and come Christmas morning you can give the gift of a picture of a credit card-sized utility knife! After all, it’s the thought that counts, right?

[Iain Sinclair]

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