It depends on you. It depends on your personal discipline. If you pay down the cards, would you be able to ensure you don't spend the money on it again? Your best logical bet is to Keep a smaller cash reserve for emergencies, and put all that money on the credit card to pay down the debt and save on interest charges.In a real emergency (such as loss of employment) the best thing to do is cut your expenses to the bone and then you have the few-months living expenses that you could use from your Credit Cards. However, this only works if you don't use CC spending on fake "emergencies" and you have the discipline needed to stick to your plan. All those Credit Card Payments you used to make will start to snowball into faster progress against the debt and eventually if you maintain the same payments and savings contributions you are/were making when you started you will find that you will start saving money very quickly after the cards are gone.