Scripbox Logo

I can easily use my credit card when in an emergency, then why do I need Scripbox Emergency Money?

You can use credit cards to tide over the emergency until you are able to arrange funds. But credit cards should not be seen as a replacement for setting up an emergency fund as the interest rates charged are extremely high and paying back can become a huge challenge leading to bad financial decisions on your part.

  • Moreover, you might not be able to use the credit card during your emergencies due to several factors such as :
  • Couple of EMIs might be already tied to it.
  • There might be instances where the credit amount is exhausted
  • The credit amount has to be paid back to the bank immediately. Interest charges in case the amount is not fully paid back is extremely high.
  • Your credit card limit might not be enough to take care of your emergency needs.

    Hope we helped! Why not get started with your Scripbox.
    If you need further assistance please feel free to reach us at 1800-102-1265