Best credit cards for emergencies in July 2021 – Forbes Advisor

the Chase Freedom Unlimited® The credit card can help you save money on interest with an introductory APR of 0% on purchases for 15 months, followed by the standard APR based on your creditworthiness (14.99% – variable 23.74% ). You’ll also earn a generous upfront bonus and at least 1.5% cash back on every dollar spent.

Awards: Earn 5% on trips purchased through Chase, 3% on restaurant meals and drugstore purchases, and 1.5% cash back on all other purchases.

Bonus offer: Earn $ 200 bonus after spending $ 500 on purchases in the first 3 months after opening the account. And earn 5% cash back on grocery store purchases (excluding Target® or Walmart® purchases) up to $ 12,000 spent in the first year.

Annual subscription : $ 0

Advantages and disadvantages : If you need to charge emergency expenses to a credit card but don’t want to pay interest for a limited time, you should consider this card. If you are approved, you will get 15 months with% APR on purchases, followed by a variable APR depending on your creditworthiness.

Having 15 months interest free can help you easily pay for your emergency expenses, but remember that your interest rate will reset to a much higher rate after your offer ends.

On the upside, new cardholders will earn a generous bonus and also earn at least 1.5% cash back for every dollar spent. These rewards can add up quickly and you can redeem them for cash back, statement credits, gift cards, and more. The Chase Freedom Unlimited® also comes with no annual fee.

The Chase Freedom and Sapphire cards work best with the family. Chase Freedom Unlimited is marketed as a cash back card, but the rewards are actually Ultimate Rewards points that you can redeem for cash at one cent each. However, if you also own a Chase Sapphire Preferred®, a Chase Sapphire Reserve®, or one Ink Business Preferred® Credit Card, you can combine your points on one account. Points can then be transferred to travel partners such as Southwest Airlines or Hyatt Hotels or redeemed for travel at a lower rate than standard cashback.

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