The talk will focus on the spectrum of near-extremal black holes in gravity and near-BPS black holes in supergravity. For concreteness, we will study cases in asymptotically four-dimensional flat space and three-dimensional Anti-de Sitter. This will be done by analyzing quantum effects near the horizon captured by an emergent Jackiw-Teitelboim mode at low temperatures. This will allow us to systematically study questions such as the extremal degeneracy and the size of the gap in the black hole spectrum, which can be compared to some string theory constructions.