Skip the searching and find the top financial products of 2024, all in one spot. From insurance companies to investment accounts, we’ve got you covered.
If you need help dealing with unexpected expenses, you’re not alone. More than 2 in 3 U.S. adults (69 percent) would be worried that they wouldn’t have enough emergency savings to cover a month’s living expenses if they lost their primary source of income, according to Bankrate’s 2025 Annual Emergency Savings Report.
When an emergency happens and you don’t have an emergency fund to help, a credit card may be your next best option. Credit cards offer a line of credit that can help you cover expenses, from home and auto repairs to medical bills. Some have additional features like sign-up bonuses and bonus rewards on everyday purchases. In some cases, you can even work on paying off your debt without having to worry about interest charges temporarily.
To learn more, including how to choose the right card and possible alternatives, check out our picks for best emergency credit cards.
Top credit cards for emergencies
If you need money fast, an instant-use credit card can ensure you’re able to start making purchases as soon as you’re approved. Like all American Express consumer and charge cards, the Blue Cash Everyday® Card from American Express comes with an instant card number upon approval. The card’s additional features include a welcome offer and an intro APR offer that gives you more than a year to pay your debt without paying interest charges.
Remember that credit cards with instant-use numbers can only be used at merchants that accept digital wallet payments. If you are making purchases that require you to tap, swipe or insert a physical card, you will likely have to wait until your card arrives in the mail.
Pros
This card comes with a good APR introductory offer on both purchases and balance transfers.
Cardholders can use benefits like Pay It, Plan It to help manage surprise expenses.
Cons
You incur a penalty fee of up to $40 and a higher penalty APR that lasts at least six months when you make a late payment or miss it (see rates and fees).
Wholesale and superstores like Target and Walmart don’t earn rewards as U.S. supermarkets.
Even if you have the funds to cover an emergency, unexpected expenses can make it harder to pay for everyday essentials. The Capital One QuicksilverOne Cash Rewards Credit Card is open to those with fair credit, making it an accessible option. The card offers unlimited 1.5 percent cash back on all purchases – a no-fuss workhorse card for covering groceries, toiletries, and other essentials you might need to stock up on.
Pros
This card is available to people with fair credit or no credit history at all.
There’s no foreign transaction fee, so you don’t have to worry about added costs if you find yourself needing to shop overseas.
Cons
The card has a $39 annual fee.
There’s no welcome offer or sign-up bonus.
When it comes to an emergency credit card for debt relief, the BankAmericard* is one of the best around. It charges no annual fee and gives you a long balance transfer offer to make interest-free payments on emergency purchases you may have made on another card. Having more than a year to pay off any emergency purchases or debt can make your monthly payments more manageable while also saving money you would have spent on interest charges.
Pros
The introductory APR offer is one of the longest on the market.
You can potentially qualify for a lower-than-average ongoing APR.
Cons
This card has a 3 percent balance transfer fee, which could cut into your savings.
This card doesn’t earn rewards on purchases.
The Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union* is a no-annual-fee rewards card that comes with credit limits ranging from $5,000 to $50,000. A high starting limit can offer some peace of mind if you have to cover a sudden large expense. On top of its high credit limit, the Titanium Rewards Visa card comes with the kind of perks you might expect to find with one of the best credit union cards. It’s a great everyday rewards card, offering bonus rewards for gas and groceries and an above-average flat rate for general purchases.
Pros
You are guaranteed an ongoing interest rate that is lower than the current national average.
This card also has low fees for late payments compared to similar cards.
Cons
You have to be a member of the Andrews Federal Credit Union.
This card includes fees for balance transfers, cash advances and returned payments.
The Bank of America® Unlimited Cash Rewards Credit Card for Students* is a rare no-annual-fee student rewards card that offers impressive introductory APR offers: 15 billing cycles for purchases and any balance transfers made within the first 60 days of account opening (the variable APR applies after the intro period). Not many student credit cards give you the chance to skip interest charges for over a year. Plus, students can enjoy an above-average flat rate for purchases with no purchase categories to track or enroll in.
Pros
This card includes generous introductory APR offers on purchases and balance transfers, so students can gain experience managing debt.
No annual fee means there’s no cost to carry this card.
Cons
This card has a foreign transaction fee, so it may not be the best option if you are studying abroad.
This card is only available to students.
CareCredit* is one of the best credit cards for medical expenses. It offers short-term financing for medical expenses not covered by insurance for up to 24 months with no interest charges — as long as you pay off your balance completely and on time. However, this is a deferred interest card. You accrue interest the moment you use it. So if you don’t pay your balance before the financing period ends, you’ll be responsible for back interest as well as ongoing interest charges.
It also offers long-term financing with more flexible options than many of the best credit cards with introductory APR offers. If you have costly medical expenses for your family or pets and don’t have a medical emergency fund set aside to cover the costs, CareCredit could offer temporary relief.
But be careful — charging medical bills to your card turns that debt into credit card debt, which is treated differently than medical debt. If you find yourself dealing with a large medical bill, you’re likely better off negotiating with your medical provider to create a payment plan directly with them.
Pros
CareCredit can be used at select retailers like Walgreens and Walmart for qualified health, wellness and personal care items.
CareCredit is accepted by over 250,000 healthcare providers.
Cons
The ongoing APR for this card is very high, making it less than ideal if you have to carry a balance.
This card only defers interest, so if you don’t pay your balance in full and on time you could be adding to your debt.
The Platinum Rewards Visa Signature Card* is a solid rewards card. More than that, it doesn’t charge a cash advance fee, a rare feature. Most cards typically come with a fee and high interest rates that begin to add up the moment you withdraw the money. The cash advance APR is also much lower than the regular APR and cash advance rates you’ll find on many credit cards, making it a good option to have on hand.
Pros
This card earns solid rewards in practical categories like gas and supermarkets.
You can take advantage of an intro APR on balance transfers with this card.
Cons
There is no grace period, so interest begins to add up the moment you withdraw cash.
While this card has no cash advance or foreign transaction fees, it does include a 3 percent balance transfer fee.
Comparing the best cards for emergencies
Emergency credit card
Recommended Credit Score
Annual Fee
Best for
Top features
Blue Cash Everyday® Card from American Express
Good to excellent
$0
Instant access to credit
Instant-use credit card
Rewards for everyday spending
Capital One QuicksilverOne Cash Rewards Credit Card
No credit history needed
$39
Food and household emergencies
Open to people with fair credit
Unlimited 1.5% cash back on all purchases.
BankAmericard® credit card*
Good to excellent
$0
Paying off emergency debt
Long intro APR offer for both purchases and balance transfers
Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union*
Good to excellent
$0
High credit limit and low APR
Credit limits from $5,000 to $50,000
Bonus rewards on groceries and gas
Above-average flat rewards rate
Bank of America® Unlimited Cash Rewards credit card for Students*
Good to excellent
Emergency card for students
Decent intro APR offer for purchases and balance transfers
1.5% cash back on purchases
CareCredit*
N/A
$0
Medical emergencies
Deferred interest financing for up to 24 months
Low-interest special financing for up to 60 months
Covers emergency pet care
Platinum Rewards Visa Signature® Card*
Good to excellent
$0
Emergency cash advances
$0 cash advance fee
No foreign transaction fee
Low 17.99% variable APR
Offers bonus rewards for groceries, gas and EV charging stations, restaurants and TV, radio, cable and streaming services
Clicking on a card name in the table above will direct you to its Bankrate review to learn more. Rewards cards typically require a good-to-excellent credit score. If you have bad or fair credit, consider our top picks for fair/average credit.
How to choose a credit card for emergencies
The problem with borrowing money to deal with an emergency is that you have to pay it back, usually with interest. Those interest charges can cost you hundreds of dollars or more and can make it harder to pay off your credit card debt. That’s why it’s a good idea to have a plan to pay back what you borrow.
There are a lot of credit cards available, but not all of them can help you in an emergency. Check out the following advice to find the right emergency card for you.
Know your credit score
Check your credit score to help identify the credit cards you qualify for and the interest rates you’re likely to pay. The better your credit score, the more options available with lower rates.
Determine the type of emergency card you need
Finding that perfect emergency credit card that covers every type of emergency may not be possible. To make sure you apply for a credit card that best fits your needs, know which of the following factors are most important to you:
Instant use
High credit limit
Low- or no-interest payments
Open to people with no credit, fair credit or bad credit
Sign-up bonus and rewards
No penalty APR
See if you prequalify
Prequalifying for a credit card can show you if you are likely to be approved without impacting your credit score. Some credit card issuers let you prequalify on their website, or you can use a tool like Bankrate’s CardMatch to help you find offers you are likely to qualify for.
Pay attention to the rates and fees
Before you apply for a card, take a look at the card’s APR (or interest rate). Then use a credit card payoff calculator to get an idea of how long it will take to pay off potential debt and how much interest you’ll pay. Compare that to what you would pay if you took out a personal loan. Also look to see what additional fees come with the card, like late fees or balance transfer fees. Watch out for penalty APRs — some issuers will increase your APR if you make a late payment, and it could last 12 months or longer.
How to maximize an emergency credit card
Here are some tips that will help you manage your emergency credit card effectively and protect your credit score.
Pay on time
Always pay your credit card bill on time. Late payments can lead to unnecessary fees and penalty APRs which can make it harder to pay off your debt. It can also lead to negative marks on your credit report that stay there for up to seven years or longer.
Pay more than the minimum
You could be stuck in debt for a long time if you only make minimum payments on a credit card. To avoid the credit card debt cycle, try to make paying off your emergency debt a top priority. Find a budget strategy that works for you so you can track where your money is going. Look for ways to quickly save money that can be put toward paying more than your minimum payments. And for more help, check out our guide to budgeting basics.
Try to avoid paying interest for as long as possible
Credit cards with zero-percent intro APR offers give you time to pay off large purchases or debt — anywhere from 12 to 21 months — without having to spend more money on interest charges. Many of these cards charge no annual fee and are one of the few options available that give you the chance to borrow money from a lender and pay it back without having to pay any fees or charges.
Alternatives to emergency credit cards
Credit cards are good for some emergencies, but they won’t be the best option for everyone. Here are two alternatives that could help when an emergency arises.
Emergency fund
An emergency fund is money you set aside for unplanned or emergency expenses. In most cases, it’s the cheapest and best option for handling an emergency since you’re using your own money and won’t have to worry about interest charges.
But for some, saving up money is no easy task. According to a Bankrate survey, just 44 percent of Americans have enough savings to help cover a $1,000 surprise expense. However, small savings, such as the 52-week budgeting challenge, can add up over time.
Personal loan
An emergency personal loan may also be an option worth considering. Lenders like Upgrade offer personal loans for up to $50,000 that can be used to cover unexpected expenses, so a personal loan versus a credit card could suit your needs better.
If you have a high enough credit score and a low debt-to-income ratio, you could qualify for a personal loan with an APR that is much lower than the typical regular APRs of credit cards. It’s also possible to get a personal loan with bad credit, though you’ll likely have to deal with high interest rates and it might be delayed one to four days before you can start using your funds.
What’s next?
Use Bankrate’s resources to help manage credit card debt.
Bottom line
If you don’t have the funds to cover an unexpected expense, an emergency credit card can help. The best emergency credit cards have features that give you a fighting chance to handle whatever comes your way, including instant card numbers upon approval, high credit limits and forgiving APRs. In some cases, they can be low-cost options that give you time to pay back your debt without the burden of interest charges.
The Bank of America content in this post was last updated on May 7, 2025.
*The information about the BankAmericard® credit card, Bank of America® Unlimited Cash Rewards credit card for Students, CareCredit credit card, Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union and Platinum Rewards Visa Signature® Card has been collected independently byBankrate. The card details have not been reviewed or approved by the card issuer.
Frequently asked questions about emergency credit cards
You cannot receive a physical card immediately. However, some banks give you access to a digital version of your card, also known as instant access card, once you are approved and have downloaded the mobile app. You can get an instant access card from Capital One, American Express and U.S. Bank. With Chase, you can add your card to a digital wallet.
If you find yourself being tempted to use a card designated for emergencies, it may be best to keep it separate from your other cards. However, if you are traveling you should take it with you and keep it in an easily accessible place.
You should only use your emergency credit card in urgent situations that require immediate payment. This can include unexpected repairs, medical emergencies, food and shelter.
