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A statement bag is one of the easiest ways to elevate any outfit with little effort. With holiday parties and dressy events right around the corner, a chic clutch bag will carry all the essentials with elegance and ease, but you don’t have to shell out your savings for a luxurious-looking carry-all.

This Drawstring Clutch Top Handle Bag from Universal Thread is just $20 and looks so similar to a trendy Loewe design that’ll run you a whopping $3,650. The more affordable, yet just as sophisticated design is so versatile and can be worn in multiple ways for countless occasions.

Universal Thread Drawstring Clutch Top Handle Bag, $20 at Target

Courtesy of Target

Available in classic black, off-white, silver, and even a winter-ready faux fur iteration, this supple pouch-style purse features a unique drawstring closure for keeping belongings safe and sound. It has a shiny gold chain strap that allows it to play as a top handle bag or shoulder bag, whether you’re headed to a dinner date or a long day of holiday shopping. Or, you can remove the chain and wear it as a more formal clutch bag for swanky events.

The style also features an interior zip pocket to secure smaller items like cards and cash, while its overall flexible structure allows you to store your “phone, keys, lip balm, and a lot more,” confirms one shopper. Plus, its stylish slouchy shape can be dressed up or down with a cozy sweater dress or a casual outfit of jeans and a tee.

One keen reviewer noticed that it “low key gives Loewe Flamenco,” referencing the aforementioned designer style 182x the price. While it’s slightly smaller in size, the vegan leather iteration from Universal Thread is “great quality,” said another shopper, who added that it’s a “great statement bag for fall.”

Loewe Flamenco Small Leather Clutch, $3,650 at MyTheresa

Courtesy of Target

The Universal Thread Drawstring Clutch Top Handle Bag is a brand-new style at Target, but considering it’s already racked up rave reviews, it’s likely to sell out soon. It’s a no-brainer addition to any handbag rotation ahead of the holidays, so don’t hesitate to get your hands on it before it’s gone for the season.

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