In what looks like an inspired combination, Arctic has just announced that its Wallet Stand is now available for the iPhone 5.

Not surprisingly, the solution combines a wallet and stand in one package. And by the looks of it, Arctic did a great job.

The slim pouch can store credit cards, cash, coins, and even keys. A contoured pouch flap brings a stand to the equation. Users can place their handset in either portrait or landscape orientation.

And as an improvement over the iPhone 4/4S version, the updated solution has a raised edge to protect the screen of the iPhone 5.

The Wallet Stand has also been tested to work with most electronic card readers worldwide.

The stand is available in four colors – gray, red, orange, and pink. It can be purchased for $24.95 directly though Arctic.

While I’ve never been a big fan of wallet cases, I do like what Arctic has done. I’d seriously consider using it if I could squeeze in a few more credit cards.

If you’re interested in finding out about other holiday gift ideas, take a look at our guide for iPhone and iPad owners.