Emergency fund vs. Debt
I'd maintain a sufficient emergency fund for the portion of your expenses you cannot pay with plastic, which might be rent or might not but most other things you can, and then enough to make the minimum payments for six months assuming you started putting everything on the card and paying the minimum. Essentially plastic becomes your emergency fund if you need it. No reason to have a bunch of money sitting around doing nothing while paying 18% on debt that you already have if you can pay off the debt and use the plastic for your emergency fund. If you can not pay off the debt in a reasonable time, I might not bother. If you can qualify for a 0% card and pay the 3%, I'd do that. do you believe that as long as you pay off your credit cards monthly that's it's alright to use them as your emergency fund?
Have a Great Cheap Cheetah Day!