Note: This project is designed using the Designer Paper Stacks from the Stampin' Up! Holiday Catalog. The paper in the stacks is 4-1/2 by 6-1/2, but you can adapt this to other sizes.
Fold a piece of the designer paper in half and run through the Big Shot with the note card (medium) envelope liner die. The fold should be at the bottom, so it is not cut by the die.
Your paper will look like this. Now just adhere the 2 edges and decorate.
For the second gift card holder, use the smallest envelope template. Again fold the sheet of designer paper in half before running through the Big Shot. This time the fold will be just to the side edge, so it will NOT be cut.
This is what it will look like. Again, just adhere the edges and decorate.