13
While credit cards should generally be used with caution, they can be a useful tool in managing financial emergencies, especially when you don’t have immediate access to cash. Many banks offer credit cards with features tailored to emergency situations, such as low or 0% introductory APR periods, which allow you to borrow without incurring interest for a set period.
In addition to the financial flexibility credit cards provide, they also offer various consumer protections, such as fraud detection, charge disputes and travel insurance, which can be invaluable in certain emergencies. However, keep in mind that you don’t want to compound your money troubles by charging more than you can afford to pay back, with interest.
