How Carecredit Promotional Financing Works:
TheCareCredit® Rewards Mastercard does not provide a signup bonus or any other type of introductory offer. Instead, it offers something even better: ongoing special financing options for medical and healthcare procedureswhich even includes treatment for pets! Yes, you heard right Care Credit does pay for veterinary bills at select vets and animal hospitals. This means animal-lovers never have to worry if their four-legged friend is covered.
1. Qualifying for a CareCredit Payment Plan
To qualify for a CareCredit promotional financing plan, cardholders must make a purchase of at least $200 at a participating CareCredit provider. These include a wide array of medical professionals like pediatricians, dentists, and veterinarians to less traditional specialists such as plastic surgeons or aestheticians. There is no limit to how many times this card feature may be utilized.
2. Choosing a Care Credit Card Payment Plan
Like its predecessor, the CareCredit® Rewards Mastercard offers two types of promotional financing plans: deferred interest repayment or a reduced APR with fixed monthly payments. Aside from having two distinct repayment structures and benefits, both CareCredit financing plans have unique qualification requirements as well.
Deferred Interest Repayment: No Interest if Paid in Full Within X Months
The easiest way to do this is to simply divide the total amount by the number of months in the financing period disregarding the minimum payment.
What Is The Downside Of An Hsa
What are some potential disadvantages to health savings accounts? Illness can be unpredictable, making it hard to accurately budget for health care expenses. Information about the cost and quality of medical care can be difficult to find. Some people find it challenging to set aside money to put into their HSAs .
You Could Put Off The Procedures And Pay Upfront
Some of the procedures being covered, such as LASIK or medical procedures, some are necessary and some are luxuries, says Yavorovskiy. The consumer needs to think long and hard if they really need this procedure. If its a luxury and they cant afford it, they can maybe wait and pay for it upfront.
Dont put off procedures that are important for your health and safety, of course.
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What Retailers Accept Carecredit
|Pets Best||Pet Insurance|
You can now use your Care Credit card to pay for Bowflex Fitness Equipment with 18 months special financing. for more details. Or request a Free Bowflex Info Kit to see which Bowflex is right for you. You can also use your Care Credit card at Nautilus.com .
straighten your teeth while you sleep and is similar to Invisalign, only without the dentist visits. Byte offers their own BytePay financing option and accepts CareCredit for payment. SmileDirectClub also accepts CareCredit.
Pets Best has joined the CareCredit family by offering a complete financial solution for a lifetine of care for your pet. CareCredit cardholders save 5% on a Pets Best pet insurance policy. You can use CareCredit for out-of-pocket expenses such as insurance premiums and deductibles. for more info.
New! The next time you head to the pharmacy, remember to bring your CareCredit credit card because Care Credit is now accepted at pharmacy locations nationwide. Use your card to pay for over-the-counter medicine, prescriptions, copays, deductibles and more at Walgreens, Rite Aid, Walmart and Sam’s Club.
As we learn of new stores that accept Care Credit for payment, we will update this post.
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Your Account Is Available Immediately Upon Approval
You cant always predict when youll be subject to a big medical bill, but you can use a new CareCredit Card account the moment your application is approved, even if your physical card hasnt arrived in the mail yet. That means you can apply from the doctors office and use the card to pay your bill.
What Locations Can I Use Carecredit
Your CareCredit card can be used at over 100,000 healthcare locations and practices nationwide for medical services including Dentistry, LASIK, Cosmetic Surgery, Veterinary, Cosmetic Treatments, Hearing Care and more. And the CareCredit card can be used over and over without reapplying. You can use it for you, your family, and even your household pets. If you are not comfortable with this, then look into if Care Credit is not a viable option for you.
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Its A Deferred Interest Card
Deferred interest cards like the CareCredit Card offer a no-interest promotional period, but theres a catch. If you havent paid the balance in full by the end of the promo, youll owe interest on the entire original borrowed amount, not just the remaining balance.
The CareCredit Card offers these short-term financing options: no interest for 6, 12, 18 or 24 months on purchases of $200 or more. If you dont pay the balance back on time, youll pay a jaw-dropping 26.99% annual percentage rate on every cent you financed in the first place.
How Is My Visa Or Mastercard Different From Carecredit
Unlike your MasterCard or Visa credit card, the CareCredit card is exclusive for healthcare services, medical bills, prescriptions and other health care debt. Another key benefit is that you also can get No Interest financing every time you use it. You can therefore save your consumer credit cards for household or other expenses. And if you need more time to pay for your medical bills or procedure, you can take advantage of the extended payment plans that offer low, fixed interest rates.
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How Is Carecredit Different From A Regular Credit Card
CareCredit is a credit card specifically designed for health and wellness needs. You can’t use it anywhere or for anything rather, it’s intended to pay for medical expenses at various hospitals, veterinary clinics, dental centers, and private medical practice firms, along with healthcare-related retailers and pharmacies: some 225,000 providers in all.
Also, the financing terms tend to be different from a regular credit card’s. Instead of an ongoing, revolving credit line and interest charges, CareCredit offers financing options of six, 12, 18, or 24 months no interest is charged on purchases of $200 or more when you pay the full amount due by the end of the period. If you do not, interest is charged from the original purchase date, at an annual percentage rate that can be as high as 26.99%. lt also offers longer-term healthcare financing for 24-, 36-, 48-, or 60-month periods, at APRs ranging from 14.9% to 17.9%.
What Are The Pros And Cons Of Using Carecredit
CareCredit is a convenient tool that primarily helps individuals who have minimal health insurance and must pay up-front costs for potentially expensive health and wellness procedures and treatments. The benefits of having the card arent limited to just the account holder, as the card can also be used by extended family members and to pay for pet medical care.
While there are advantages of using the credit card, interest and fees incurred can sneak up on the account holder. CareCredit advises consumers that only paying the minimum amount that is due on the account every month may not pay off the full balance before the no-interest promotional period expires. Individuals who do not pay off purchases within the interest-free time period may incur expensive finance charges. If not cautious in managing CareCredit bills, significant expenses may be incurred from the cards associated fees.
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Where Can You Use Your Carcareone Credit Card
The CarCareONE credit card can be used at more than 16,000 Exxon and Mobil gas stations and other locations nationwide. There is a search feature on the cards website that allows users to find an Exxon or Mobil gas station nearby. The card is issued by Synchrony Financial, and it is designed to be used for paying for car repairs and service.
How Does Carecredit Work With Pets Best Insurance
With pet insurance, you pay out of pocket at the veterinary office and are reimbursed after submitting a claim. Customers can use the CareCredit credit card and Pets Best together, by paying with CareCredit at the veterinary office and then putting the reimbursement from Pets Best towards their CareCredit account.
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Wells Fargo Health Advantage
With an APR of 12.99%, the Wells Fargo card charges a lower interest rate than CareCredit. However, it doesnt cover as many procedures. According to the Wells Fargo website, this card is accepted at dental, vision and veterinary offices nationwide.
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Robert W Polk Community Moderator
Not every Synchrony Bank card can be used anywhere. There are store cards issued specifically for certain retailers, which can only be used at those stores because theyre not affiliated with a card network . Synchrony Bank cards that have a Visa or MasterCard logo, on the other hand, can be used anywhere.
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You Could Be Charged More Upfront For Services
Most medical credit cards make you pay for the most complex form of a treatment upfront, and there are instances where you do not get all of the treatment that you pay for, says Taylor. Take a dental implant, for example. These vary hugely in complexity, and you never know how complex a treatment is until it has already started.
The health care provider will want to make sure theyre covered, so they generally charge you at the high end of the spectrum, possibly refunding you later if your procedure turns out to be less complex.
You Can Use It Only On Certain Health Care Purchases
You can use the CareCredit Card at health care and wellness providers that have enrolled in CareCredit. While a wide variety of providers and businesses accept the CareCredit Card, your preferred doctor may not. If youre anticipating a medical expense that youd like to finance, you can search for providers in your area that accept the CareCredit Card.
Enrolled providers include, but are not limited to:
Medical specialists, dentists, eye doctors, dermatologists and cosmetic surgeons.
Hospitals, surgical centers, medical imaging and lab work.
Medical equipment, supplies and pharmacies.
Fitness equipment and spa treatments.
Routine and emergency veterinary care.
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Care Credit Healthcare Credit Card
CareCredit healthcare credit card for veterinary care for pets big and small
Whether its a routine checkup or emergency surgery, you shouldnt have to worry about how to get the best medical care for your horse. Thats why were pleased to accept the CareCredit healthcare credit card. CareCredit lets you say yes to recommended treatment for your horse immediately, and pay for it in convenient monthly payments that fit your budget.
CareCredit is the healthcare credit card designed exclusively for healthcare services with special financing options.* With CareCredit, you can use your card for all of your horses follow-up care as well as annual exams and vaccines.Learn more by visitingwww.carecredit.comor contacting our office. Ready to apply? Apply Onlinefor your CareCredit card today.*Subject to credit approval. Minimum monthly payments required. Ask us for details.
Your Provider Offers Lower
Some providers allow you to make payments directly to them, often at no or low interest. Others may work with companies that offer a lower interest rate to you or save your provider money, which allows your provider to charge you less.
Dr. Adam Brisman, D.M.D., of Brisman Implant and Oral Surgery, has patients who need financing for expensive cosmetic procedures like dental implants.
We were referring these patients to CareCredit. CareCredit charges a lot of fees to the doctors, who share some risk if the patient defaults, says Brisman.
His office now works with specialized loan companies instead.
We can offer financing through our office, but assume zero risk and there are zero fees to our practice, Brisman said. Were able to pass this saving on to the patient. This allows us to be more competitive with pricing.
Carecredit Credit Card Basics
The CareCredit credit card isnt like a regular credit card that you can use to pick up groceries or book a flight.
Here is why:
This card is only meant to be used for health care expenses. The list of things you can use it for includes:
- Cosmetic procedures, such as hair removal, rhinoplasty, Botox injections or other dermatologic services
- Dental services like preventative checkups, whitening, veneers and dental implants
- Hearing services, including auditory testing, hearing devices and noise-cancelling headphones purchased at the doctors office
- LASIK and vision care, including cataract surgery, eye exams, eye glasses and contact lenses
- Veterinary care, which applies to most services and products purchased at a vets office
- Other health care expenses such as LAPBAND surgery, chiropractic services and sleep studies if you have a condition like sleep apnea
It gets better:
The great thing about the CareCredit card is you can use it for anyone in your family, not just yourself.
So you can use the card to pay for your spouses LASIK surgery, your childs dentist visits, or pet vaccination shots.
In terms of where you can use the card, CareCredit works with more than 175,000 medical providers and 4,000 retailers across the country.
That includes major drugstore chains like Rite-Aid, which is good if you need to pick up a prescription or stock up on something like diabetes testing strips.
You might be wondering:
Redeeming Carecredit Rewards Points
Points have an average value of 1-cent each and can be redeemed for statement credit, gift cards, merchandise, and travel starting at 1000-points . Both gift cards and merchandise options have products from well-known brands, so cardholders well have plenty of things to choose from .
Statement Credit and gift cards can only be redeemed at specific point intervals for the following amounts: $10, $25, $50, $100, and $250. In terms of travel redemption, things become much less straightforward and much more manual.
Although the CareCredit redemption portal claims that cardholders can redeem points for flights, hotels, car rentals, and activities, the portal does not display available options. Instead, cardholders will have to contact customer support for any travel bookings.
Regardless of the redemption method or point redemption interval, points maintain a 1-cent value so there is little incentive to hold on to them for the larger redemption options. Smaller-scale spenders will doubly want to avoid trying to wait for the larger redemption options since CareCredit points expire 24 months after they were earned.
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Are There Any Fees
Besides the fee for the Card Security program, theres only one other fee to worry about and thats the late fee. Synchrony Bank can charge you up to $37 if you dont pay the minimum on time.
Tip: Set up automatic payments through your bank or payment alerts through an app like Mint so you never miss a due date.
Patrick Murphy Wallethub Analyst
That depends entirely on what Synchrony Financial credit card you own. Most Synchrony credit cards are linked to a store and can be used for purchases in that store only. If your card has a Visa or a Mastercard logo, you can use it anywhere.
You may be able to use your Synchrony credit card at Walmart, but only if it’s Walmart-branded. If you have a Walmart Credit Card you can use it at Walmart and online at walmart.com.
If you have a card with another stores name on it, you will only be able to use that card in that specific store. If your card has a Mastercard/Visa logo on it you can use it anywhere Mastercard/Visa is accepted, including Walmart.read full answer
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How To Apply For Carecredit Credit Card
Youve got three ways to apply for the CareCredit card. You can either apply online, over the phone or in your doctors office.
According to CareCredits website, approval is instant and you can start using the card right away.
If you apply in the doctors office and youre approved, you can use the card that same day.
You’ll need your Social Security number when you apply, which means your credit is a factor in the approval decision.
Thats something to keep in mind if your credit isnt that great because of something negative like late payments or collection accounts.
Tip: Check out the guide to hacking your perfect credit score if yours could use a boost.
Heres the deal:
What Medical Procedures And Services Can Be Paid For With Carecredit
There are numerous health clinics, hospitals, dental centers, veterinary clinics, and pharmacy stores that accept CareCredit. The list of accredited health providers can be found on the cards official website.
These providers cater to the following medical needs:
- Cosmetic plastic surgery, dermatology, hair restoration or replacement
- Dental general dentistry, multi-specialty, orthodontics, oral and maxillofacial surgery, periodontics, endodontics, prosthodontics, pediatric dentistry
- Hearing ENT specialist
- Retail/Pharmacy in-store purchases at a Rite Aid pharmacy or RediClinic
- Vision LASIK, eye exam/eyeglasses, cataract treatment
- Weight Loss management and surgery
- Veterinary emergency and critical care, general practice, Vet specialist, or equine/large animal medical care
- Other healthcare specialty services allergy, imaging/radiology, neurology, OB/GYN, orthopedic surgery, orthotics and prosthetics, outpatient surgery, physical therapy, podiatry, sleep medicine, urology, vascular surgery
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