A container for holding elastic loops therein is described. The container includes a substantially planar card having two portions with a folding section therebetween. A foldable, substantially planar sheet is included for holding elastic loops thereon. The sheet is formed such that it can be contained within the card. A separator is pivotally attached with the card. When an elastic loop is placed upon the sheet and the sheet is positioned upon the card, the separator covers a portion of the sheet such that it holds elastic loops against the sheet. Thus, the separator assists in folding both the elastic loops and sheet when the card is being folded along the folding section. For ease of storage and concealment, the card has a shape and size such that when folded, the card is of a substantially similar shape and size as a credit card for placement within a wallet.