I saw a card similar to this somewhere quite awhile ago,thinking I would make a card like it "someday". It ended up being a card at both Stamp-A-Stacks this month! I had saved some long strips of cardstock that were an inch wide or more, and I built the card around them. I did several color combinations, but this is my favorite- Basic Black and Very Vanilla.
It uses the Finial Press Embossing Folder, 1 3/4" Scalloped Circle punch, and 1 3/8" Circle Punch. To save cardstock, the scalloped circle is punched out of the matching layer. You don't even notice it since it's in between the other layers! We used a variety of greetings- this "thank you" is from All Holidays.