Is it a good idea to have a credit card for emergencies?

Yes, it is a good idea to have a credit card for emergencies. After all, credit cards make certain types of transactions much easier and safer to complete, in addition to providing several other benefits.

The best credit card for emergencies is a no annual fee Visa or Mastercard with a high spending limit, so you know you’ll be able to handle a big expense if need be. Visa and Mastercard credit cards are the best because they are accepted virtually everywhere. Having no annual fees to pay is also important if you’re not going to use your credit card regularly.

Lastly, if you are expecting to need some time to pay off any balance incurred during an emergency, you should consider transferring the balance to a balance transfer card. This way, you will avoid interest while paying down big purchases over time.