Cut paper 4" x 12" Score at 4" and 8" on the 12" side. Trim off one end with scallop scissors for decorative edge. Add a strip of white paper along the scalloped edge.
Cut a piece of paper 3" x 5" for the inside pocket. I made half circle cuts on each 3" side, in the middle each piece, pushing the punch all the way in. Position the piece inside the holder and trim the edges off so it does not hang over. That measurement will fit a gift card securely.