Well Ryan, there are a bunch of folks on here that have never received their first one. There is very limited stock and way more people that register as "TT members" (I use quotation marks because many sign up only with the intention of getting a bag tag) so you might do your best to repair it or park in on the wall in your office or man cave. Next time you need a bag upgrade, have the Team Titleist logo added so you won't have to worry about it getting messed up or stolen and you can still proudly show your TT affiliation.

I know they don’t send out a lot of gear. The bag tag is the only thing I have so I definitely don’t want to lose it or damage it too much. I love having it on the bag but you may be right, keep it inside to make sure it never gets stolen or break completely.

I haven't had that problem. It seems to be quite durable.
If it isn't torn completely, you might try to reinforce the hole with a metal grommet. They are commonly available at Home depot or hobby shops.

Never had an issue with mine.....got mine when they were first issued....

Can't say I've noticed mine coming apart. Really hope that never happens.