Should I keep one credit card for emergencies while paying off debt?

Keeping one card available for true emergencies can be sensible, but the better safety net is cash. A credit card used in a crisis just creates more high-interest debt – the opposite of what you're trying to do. Ideally, while paying down debt, you also hold a small emergency fund (even $1,000) so a car repair or medical bill doesn't force you back onto the cards. If you can't build that buffer yet, retaining one low-rate card with available credit gives you a fallback, but treat it as a last resort, not a convenience. Avoid carrying the card in your wallet if everyday temptation is the issue; lock it in a drawer instead. Keeping the account open also helps your utilization ratio and credit history. The goal is access without temptation. Start building that cash buffer at wealthserene.com/tools/emergency-fund.