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I agree with a number of peoples' suggetions that once you've reached your EF target, that you simply use that money towards CC. ALthough I see your point tsmitche of not wanting to dip into CC. So I will accept that you have an EF in the first place.

For myself, the CC is an emergency fund. I'm currently trying to pay that debt down, and as I do so, it's nice to know that I'm covered in case of an emergency, like this week I need a new power window motor. But I know that next month it gets paid off. If you think about it, a.) and b.) aren't much different. If you think of it this way. You continue to add to your EF (a) by paying down your credit cards (b). Thereby better improving your stance in case of an emergency.
regards-

- rick
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