The difference between clutches and wristlets is almost non-existent, so wristlets can be used for everything that clutches can be used for. Despite its small size, what makes a wristlet so valuable is its ability to hold items generally carried in traditional handbags. But not many people take so many things with them that they need a big bag, so these leather wristlets are ideal for those who only like having personal items such as money, keys, ID cards, etc.
As the name implies, a wristlet has a handle designed to wrap around the wrists for easier carrying. Since a wristlet generally comes with extra compartments, it can carry almost anything, provided that the item is small enough.