You need it. It’s your biggest tool. You can’t be a stylist unless you have it. You MUST have great credit and you MUST have lots of it.
Most people don’t know that you use your own credit cards when you’re a stylist. There are some cases on large motion productions where you are given the production company’s card, but for the most part it is all on you.
Building your credit should be the first thing on your todo list to becoming a stylist. A credit company isn’t going to give you a $20,000 credit line straight out of the gate. You need to build trust with them before you pop the question that you want to raise your credit line. You do this by opening a card that has a good point system, start charging everything, and make sure you pay it off in full EVERY SINGLE MONTH. It’s less important that you wear designer clothes to look cool at a shoot and more important that you’re able to fulfill all of the clients requests before you hit your limit. You need to live low to to the ground when you’re starting off and make sure you pay off that card every month. I can’t stress this enough. You can’t have a styling career if you don’t have a ton of credit.
How much credit do you need? I’d aim for the goal of $50,000 on one card. I’ve been doing this for 15 years and have only spent over $50,000 ten times or so. The absolute most I’ve spent is $75,000, so I feel that $50,000 is a good goal. It’s good to have this on one card because it will make your returns easier. Personally, I have three main credit cards I exclusively use for reimbursables, or wardrobe and props. Collectively with those three cards, I have about $150,000 in credit. I use Business Southwest Chase (the most lenient with never blocking your card even though you’ve spent over $40,000 in one day), Capital One Business (the safest of cards for theft), and Amazon Business because I buy an insane amount from Amazon and Zappos.
A big benefit of being a stylist is that you can earn a ton of points towards whatever you’re into. I love to travel and for years flew for free because of all the points I accrued. If you’re super into the J.Crew, use their card, but if you’re not, don’t EVER open a card at a particular store. If you have too many credit cards because you wanted a one time discount while checking out, your credit score will be lower, which will make it harder to raise your limit. Keep it to just a couple of good credit cards.
Lastly, do your homework. Understand your benefits and use them to your advantage. Do a ton of research before you open a card and don’t take it lightly. It’s a commitment and you don’t want to keep opening and closing cards because again, that lower’s your credit score and makes doing this job a whole lot more challenging. Run out of the gates with a good system behind you. You’ll be happy about it in the future.