How to protect your credit card from emergencies
By Tim Sullivan
When a costly emergency strikes, is your first instinct to pull out your credit card? If so, you may want to consider the benefits of building an emergency fund.
Creating an emergency fund is a vital step toward becoming a responsible credit card user. A credit card can be the perfect tool for many financial situations, but confronting large, unanticipated expenses isn't one of them. Even if your interest rate is low, monthly interest charges can still add up quickly. But a well-stocked emergency fund can prevent the need to go into debt when sudden events force you to reach for your wallet.