When life hits hard, here are 5 credit card rules you can break during an emergency [CNBC]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: CNBC
You've likely heard credit card advice like “ don't carry a balance ” or “don't spend up to your credit limit.” In normal times, these rules serve as guardrails to keep you from falling into debt or racking up interest charges. But what if you're facing a financial emergency? Maybe a layoff forces you to rely on your credit card for living expenses, or a trip to the emergency room leaves you with a bill you have no other way of paying. In cases like these, don't be afraid to sidestep typical credit card advice if you need to. The important thing is understanding the tradeoffs, so that you can make informed decisions and minimize the impact on your finances in the long run. Here are some of the most common credit card rules and why you can break them in a financial emergency. Rule 1: Don't carry a balance One of the cardinal rules of responsible credit card usage is “don't carry a balance from month to month” or “always pay your statement balance in full.” When you don't pay y
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AXP
Earnings
- 2/2/26 - Miss
AXP
Sec Filings
- 3/16/26 - Form 8-K
- 3/13/26 - Form 4
- 3/10/26 - Form 4
- AXP's page on the SEC website