Credit cards are actually your friend. They help you buy that piece of item you have always wanted in installment, have some rewards points you can shower here and there and above all --- convenience! But just like any friend, misuse this relationship and she will bite you in the behind faster than you can say “collectors calling”! So when is it really okay to use your credit card for fashion shopping?
#1 If it’s a fashion piece that you can resell in its ORIGINAL VALUE (or more), then why not?
In this case this fashion piece is an investment. The thing is though, it may take some time to liquidate it at a price that you want to get. After all it depends in the current economic environment (demand, supply, appraisals etc.) If you are okay with this, then give it a go.
#2 If right now, you actually have extra cash in the bank (not savings!) to pay for it the next day, then why not?
You were walking around and then you fell in love with that ULTRA-EXPENSIVE bag. Let’s say her price is PHP 60,000. And lo and behold, you forgot to carry that amount with you. But then again, who carries around cold hard cash that way anyway? (Okay maybe some highly guarded heiresses --- but even they just use credit cards for security purposes)
Point is, before you do the swipe --- REFLECT! Do you actually have that amount in the bank to pay for it the next day? And we are not talking about your hard earned savings. We are talking about extra money laying around. If not, then why put yourself and your gold egg at risk?
#3 If you actually saved up for that dream item and credit card is a more secure way of purchasing it than lugging a huge amount around.
Almost like the #2 in the article, but different.
Let’s say for example, you have always wanted to buy the whole collection of Erzullie demi-couture (ahem!) pieces but don’t wish to log around a specific amount of money. Credit card is one way to secure yourself at least. So, why not? After all, you did save up for it. No debt by the next banking day!
Cheers!
Erzullie is a fierce plus size fashion designer brand from the Philippines dedicated to serving the style of the empowered Erzulliesta. Shop online: www.erzullie.com
