<prompt> Human: My bank is currently offering 3 interest on new deposits from now until September 30th, with the promotional rate in effect until November 30th. I just received an offer from my other bank, where I have my line of credit. The normal rate on the LOC is 4.7, but the offer is 3 for 6 months on balance transfers. I recently paid off my last student loan and am building up my 3-6 month emergency fund. Is it smart or dumb to use the LOC to reach my EF goal sooner, but have LOC debt that I could pay off in September due to a paycheque month?Thanks for your input!  <response>: It doesnt make sense for you to go into debt to build your emergency fund. Money I can borrow have borrowed doesnt count towards an emergency fund, which is a common mistake we see here. I can charge six months expenses on my Visa! isnt what were aiming for here. 