Credit cards are crucial for managing financial emergencies, offering immediate access to funds during unexpected crises. They provide flexibility, rewards, and the potential to build credit scores. Responsible use helps navigate urgent situations while enhancing long-term financial stability and resilience against unforeseen challenges.

Credit cards can be powerful tools for building personal credit when used responsibly, offering benefits like improved credit history and attractive rewards. However, they also pose risks such as debt accumulation and high-interest rates. Understanding both pros and cons is essential for effective credit management and achieving financial stability.