-
When Credit Cards Come to the Rescue
Tweet Share on Facebook June 1, 2010 CommentThe prevailing wisdom tells us that the best way to prepare for an emergency is to make sure you have an emergency fund. That would mean having a certain amount of cash parked in a high-yield savings account that you break open only as a last resort. But there are people who've decided they would rather go against the grain and take the risk of using a credit card for emergency purposes. When you have no savings tucked away for a rainy day, a credit card can certainly be a useful tool to have around. But bear in mind that there is a right and a wrong way to use plastic for emergencies. By following these steps, you can avoid experiencing any pitfalls when using your credit line in this manner.
