Your Backup Emergency Fund
Budget-Friendly Borrowing
A low-rate credit card provides a notable benefit for borrowing funds, as opposed to high-interest credit cards that often entail substantial interest fees. Opting for a low-rate card generally results in reduced interest expenses if you find yourself needing to maintain a balance for a brief period during an unexpected situation.
Cornerstone's Visa® Platinum credit card is great option to have on-hand for emergencies with competitive low rates as low as 10.00% APR* and includes many other benefits like a no balance transfer fee and no cash advance fee.
Access funds on demand.
Emergencies don't wait for payday, and having a low-rate credit card provides you with immediate access to funds when you need them the most.
Dodge High-Interest Loans.
In times of urgency, many people turn to high-interest loans like payday loans with unfavorable terms. These options can lead to a cycle of debt that's difficult to escape. By using a low-rate credit card for emergencies, you can steer clear of such high-cost borrowing methods and save yourself from future unnecessary financial stress.
Establishing or Preserving Credit
Using a low-rate credit card responsibly during emergencies can positively impact your credit score. Timely payments and responsible credit use can help build or maintain your creditworthiness. This, in turn, can lead to better financial opportunities in the future, such as lower interest rates on loans and access to higher credit limits.
Provides Peace of Mind
Perhaps one of the most significant benefits of having a low-rate credit card for emergencies is the peace of mind it provides. Knowing that you have a financial back-up can reduce stress so you can focus on resolving the issue at hand.
In life, emergencies happen. A low-rate credit card is a smart tool to handle these situations - use it wisely, pay balances quickly, and stay prepared for life's curveballs.
