Which Credit Card is Best for Emergencies?
When an emergency pops up your first thought might be: charge it on my emergency credit card then have a safe parachute to make payments over time. Yes, were talking about that type emergency. Car breaks down. An emergency trip to Italy for a family funeral. Look, there is never a good time to dig into your bottom drawer or closet safe for an emergency credit card you have stashed away and never use. These circumstances are never desired, but its nice to know that its there for these type occurrences. So take a deep breath. Mr. plastic has your back.
The idea of an emergency credit card is one you put away in a safe place until the time comes when you need to finance something unexpected that cost more than a new power scooter or dishwasher. If you only use the card for emergencies, there should be no reason why the credit card shouldnt have a zero balance. So when it comes to an emergency-only card you should be on the lookout for the absolute best one available with limited specifications. Since the card will not be used like your other credit cards, a no-limit card with pages of perks is not what you want. However, it would be in your best interest to have a card with a low interest rate so any balance can be paid off quickly.
Now heres the bad news. Most credit card companies will require you have a FICO credit score on the north side of 720. Make sure it has no annual fee, and can be used nationally, and internationally, as well. The best VISA emergency card is a Chase Freedom card. The best Mastercard emergency card is a Chase Freedom card. Best American Express card is Blue from American Express.
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