A dynamic model was set up for the rotor-bearing system with coupling faults of crack and rub-impact. Using the continuation-shooting algorithm for periodic solution of nonlinear non-autonomous system, the stability of the system periodic motion was studied by the Floquet theory. The saddle-node bifurcation, periodic-doubling bifurcation and the Hopf bifurcation were found. There are peculiar dynamic characteristics of the rotor-bearing system with coupling faults of crack and rub-impact that differs from single fault. The conclusions provide theoretic basis reference for the failure diagnosis of the rotor-bearing system with coupling faults of crack and rub-impact fault.