In August 2025, 4.3% of Americans (7.4 million) were unemployed, prompting a discussion on using credit cards versus savings accounts to cover expenses. While using a credit card may seem necessary, the high interest rates can lead to expensive debt, especially without a steady income. A 0% APR offer could provide temporary relief. However, applying for a credit card while unemployed may be challenging due to income verification requirements. Alternative income sources like side gigs or passive income may help qualify. It’s advised to use savings accounts over credit cards to avoid accumulating debt during unemployment. It’s also recommended to explore budget-saving strategies, consider alternative jobs, sell unwanted items, or seek low-interest loans. Contacting lenders for hardship programs or consulting with nonprofit credit counselors can also provide relief.

Read more at Yahoo Finance: What to use when you’re unemployed