Credit Cards for Emergencies?

Steven asks Dave if it's a good idea to hang onto a credit card in case an emergency comes up.

QUESTION: Steven’s wife wants to hang onto one of their credit cards for emergencies.  Is that a good idea?

ANSWER:  You need to ask your wife if she seriously wants to go into debt in the middle of an emergency.  Then ask her how much money she needs in savings to make her comfortable in the event of an emergency.  Agree to get that amount of money in the emergency fund and then cut up the credit card.