I have the Bellboy Travel Folio (first edition). I would not hesitate to order another one.

It's a bit bulky so I wouldn't use it as a daily wallet, but I keep pretty much all my travel stuff together there now (travel CCs, Global Entry card, Passport, cash in various currencies, SIM card tool).

If one of your passports has extra pages, the passport pocket is a bit of a tight fit, but it should otherwise have no issues storing two regular passports.

I can see where the guidance to not store all important bits together might be relevant from a security perspective, but I also think for people who are forgetful or disorganized, having everything in one place is probably worth the risk, so to speak. Put an AirTag inside if you're really worried about losing it.