This is better than a paper wallet, but I don't think this material will survive from rust and it will ruined, rust will destroy the "relief" including all your wallet code.
Also, how about storing it in a zip lock bag with some desiccant (the sachet from my next pair of new shoes). Or rice. By preventing the moisture in the air getting to it degrading of the metal would be a lot slower. It is stainless steel so it will be very very slow, and on my first test I left the back exposed when etching and it just "pitted" rather than an all over rust.