Navigating significant life expenses can be daunting, but credit cards can serve as valuable tools if used wisely. This article explores how credit cards can help manage both planned and unexpected costs, from major purchases like fertility treatments to last-minute travel. It emphasizes the importance of leveraging sign-up bonuses and 0% APR offers to maximize financial benefits while minimizing interest payments. However, the article also warns against the pitfalls of accruing debt just to earn rewards, stressing the need for careful budgeting and understanding the terms of credit card offers. It highlights features like grace periods, buy now pay later options, and balance transfer cards, which can alleviate financial strain during emergencies. Ultimately, while credit cards can provide flexibility and rewards, they must be approached with caution to avoid falling into expensive debt traps. Building an emergency fund is also recommended to better prepare for unforeseen expenses.
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