Credit cards are useful in emergency situation like this
In the past, we did not like credit cards and would pay cash whenever we could. But the recent incidents had us rethink the usefulness of credit cards during an emergency situation like this. When I was admitted to the hospital for a scheduled surgery, a credit card was handy to pay for the security deposit i.e. didn’t have to carry a bunch of cash around.
Being uninsured and the surgery turned out to be more complicated than expected, the cost actually was twice of what we we were told earlier. Again, credit cards came in handy to settle the unexpected medical bills and we were able to settle the bills a month later.
If we were not able to settle the total sum of the bills, we may be able to find a 0 balance transfer credit card to save on interest. It’s probably not going to be difficult to find one that has good offers among the top ten credit cards!
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