I Think Care Credit Is Absolutely Amazing Especially If Youre In A Bind
I dont know why everybody is saying oh and the finances so expensive if you pay your balance then theres no finance charges. End of story I mean if thats the only complete people have then my god thats the least of their worries. Anyhow I thank God for CareCredit. I just started using it I love it I just made my payment I paid the balance I also asked for an increase they asked me how much I wanted and then boom gave it to me I am extraordinarily happy I just hope that they will make my Increase higher, maybe I shouldve asked for higher but I wasnt sure how that worked. I am working towards getting a surgery done and I would love to have a Knouff of the CareCredit to do it which is around $7000 right now I have $2500. eventually Im sure Ill get it, as long as I keep making my payments and keep it at 100% I should be OK. All I can say is thank you so much care credit thank you thank you thank you!!
What Are The Card Protections
Synchrony Bank and CareCredit take your security seriously and they have a step-by-step plan for dealing with fraud if you suspect someone has used your card to make unauthorized purchases.
If youre worried about not being able to pay your bill because of an illness or a job loss, you can sign up for the optional Card Security program.
This program cancels your monthly payment or up to $10,000 in charges if any of the following occur:
- Unemployment
- Disability
- Loss of life
This coverage costs $1.66 for every $100 you owe at the close of your monthly billing statement. That would come to $16.60 for every $1,000 owed.
That might be worth looking into if you need a little extra peace of mind and youre okay paying the fee.
What Is Syncb And Why Is It Showing Up On My Credit Report
SYNCB stands for Synchrony Bank. This is a financial establishment that provides banking products and services of various kinds including things like savings accounts, IRAs, certificates of deposit, mobile banking solutions and more. For your purposes, Synchrony Bank is the company behind many types of credit cards, including the CareCredit credit cards. Thats why its showing up on your statement and what relationship it has to you vis-a-vis your credit card. You might see this show up on your credit report in a number of ways, including SYNCB, SYNCB/CareCredit or even syncb care credit. Know that if you have a CareCredit card and you see any of these terms on your reports or statements, its simply reflecting you medical credit card issued by Synchrony Bank.
Also Check: Can I Pay Irs With Credit Card
Promotional Financing With The Carecredit Credit Card
Pay for todays bill over time*, and be ready with a revolving credit limit to use for future expenses for you and your family. CareCredit has 30 years of experience helping patients pay for healthcare. Multiple promotional financing options are available to help you fit care into your budget.* Use CareCredit to pay for deductibles, copays and out-of-pocket expenses not covered by insurance.
Pay your AdventHealth bill with CareCredit by calling the phone number on your bill or online through the AdventHealth Bill Pay portal. Currently, CareCredit is accepted for Hospital bills only.
*Subject to credit approval. Minimum monthly payments required. See carecredit.com for details.
Not Accepted By All Medical Providers
CareCredit notes that its financing is accepted at more than 225,000 providers across the U.S. But if your preferred provider doesnt accept this credit card, that extensive network wont do you much good.
Before applying, we recommend searching the CareCredit website to see if your provider accepts the card. You can sort by practice name, location or specialty.
Don’t Miss: What’s The Limit On Walmart Credit Card
Youre A Victim Of Identity Theft
If you see a SYNCB/Care Credit hard inquiry on your credit report but youre sure you didnt apply for a CareCredit credit account, it could be a sign of identity theft.
If you think that SYNCB/Care Credit is on your credit report because someones trying to fraudulently open accounts in your name, take these steps:
You may also want to freeze your credit .
Carefully monitor your credit reports over the next few months for further signs of fraudulent activity.
Should You Get The Carecredit Credit Card
The CareCredit card is a winner if you need a convenient, flexible way to pay for one-time or recurring medical expenses.
The no interest promotional financing is its most attractive feature but only if you can realistically afford to pay the balance off.
Whats the bottom line?
Ultimately, this card is best for someone whos confident they can pay down their balance in 24 months or less and isnt looking to rack up rewards on medical expenses.
Sunday, 24 Jun 2018 5:10 PM
Friday, 13 Apr 2018 3:10 AM
MyBankTracker
Friday, 05 Jan 2018 3:06 AM
Tuesday, 26 Dec 2017 6:46 PM
Tuesday, 26 Dec 2017 6:43 PM
Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site . These offers do not represent all account options available.
Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are authors alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.
Don’t Miss: How To Take Credit Card Payments Paypal
Its One Of Several Ways You Can Pay For Medical Expenses
The CareCredit Card is certainly an option for large medical expenses, but depending on your situation, you may want to consider other choices.
First, explore ways to lower costs. You may be eligible for discounts on certain procedures, health care products and wellness programs through your health insurance plan. Also, before you pay a medical bill, make sure youre being correctly charged, as errors can cost you. You may be able to negotiate a reduced cost with the provider as well.
Once you have your final bill, here are additional ways to pay:
Can You Use Care Credit Anywhere Everything You Need To Know
When it comes to healthcare, expenses can quickly add up. This is why many people turn to CareCredit, a credit card designed specifically for medical expenses.
But can you use CareCredit anywhere? In this blog post, we will explore the answer to that question and discuss the different ways you can use this credit card to pay for your medical bills.
You May Like: Which Bank Offers American Express Credit Card
What Is A Carecredit Credit Card
Relax and stop wondering about how you’d cover the doctor bills when you’re short on cash.
Why?
Because the CareCredit card from Synchrony Bank is one of several cards that are designed just for medical expenses, you may be able to cover out-of-pocket medical expenses without ending up with a mountain of debt.
This card gives you two different promotional financing offers to choose from, depending on how much you need to charge.
Its worth a look if youve got a large medical expense to cover or you want some flexibility in how you pay for things like co-pays or repeat treatments.
If that sounds like something you need, learn whether CareCredit is actually a good fit.
What Vets Accept Carecredit
Over 24,000+ veterinary locations accept the CareCredit credit card for pets. Pawlicy Advisor makes it easy to find veterinarians in your area that accept CareCredit.
If you have a primary care vet that you love, call them and ask if they accept CareCredit. They may also list it as a payment option on their website. You can also use the provider locator here. CareCredit is also accepted at specialty and emergency veterinary hospital locations so youre also financially prepared for care from veterinary specialists such as oncology, dermatology, orthopedic surgery, and critical care.
Don’t Miss: How To Pay Your Capital One Credit Card
Pay For Medical Expenses Not Covered By Insurance
CareCredit® helps you pay for out-of-pocket healthcare expenses for you, your family, and even your pets! Once you are approved, you can use it, again and again,* to help manage health, wellness and beauty costs not covered by insurance. Plus, special financing options are available that you may not be able to get with other cards.To take advantage of CareCredit benefits, simply:
To learn more or apply for your CareCredit, visit carecredit.com/go/263MXG.
Does Carecredit Have An Annual Fee
Impressively, CareCredit doesn’t come with pesky annual fees that will make you regret signing up in the first place. In fact, there are short-term financing options that will allow you to pay off the medical bill within 6, 12, 18 or even 24 months without the worry of interest building up.
Taking care of medical bills is stressful enough without the added pressure of having to keep track of annual fees. As such, CareCredit’s payment process, website, and even terms of use are all designed to be easy to understand and straightforward.
Don’t Miss: Can I Use Credit Card For Remitly
Who Is Carecredit Good For
A CareCredit credit card may help you afford a medical procedure not covered by insurance, or pay for a needed surgery.
If youre confident you can pay off your medical bills within CareCredits promotional period, applying may be worth it so that you can stretch out your payments over time. That may help you conserve cash for other uses. But make sure the payments fit into your monthly budget if you dont pay off your full balance before the promotional period ends, you could be looking at hefty interest payments over time once the deferred interest kicks in.
Before you apply for a healthcare credit card, you may want to explore other options. First, see if you can negotiate your medical expenses. Your provider may have a no-interest installment option you dont know about. And if youre truly pressed to pay, see if you might qualify for financial assistance.
You Have A Carecredit Credit Account
SYNCB/Care Credit will appear on your credit report if you currently have or previously had a CareCredit credit account. Even if you closed your account, SYNCB/Care Credit can stay on your credit report for 7 years to 10 years .
You might find your CareCredit credit account marked as closed even if you never took any active steps to close it. This can happen due to account inactivityits common for lenders to close credit accounts if they havent been used for a while.
Read Also: Can I Have More Than 1 Credit Card
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.
That said:
What Credit Score Is Needed For Carecredit
Synchrony doesn’t specify what credit score is needed to qualify for CareCredit, and it doesn’t tell customers which it uses to get credit reports. Cards that work in a similar way, such as proprietary store credit cards, generally have low requirements when it comes to credit scores. This may make it easier for people with limited or poor credit history to be approved for a CareCredit card.
Don’t Miss: How To Protect Against Credit Card Fraud
What Debt To Pay Off First
Most people understand the need to pay off their debts and live a debt-free life whenever possible. However, if you have credit card debt and medical bill debt, which one should be paid first? The answer might surprise you because most professionals recommend that you pay off credit card debt while letting the medical debt slide. However, that being said, you should talk to the owner of the debt to let them know you are aware of the debt owed and work out a payment schedule you can afford, which still allows you to pay off credit cards.
While the Care credit card is another unsecured card that could add to your debt, it also allows you to cover medical expenses that arent covered by insurance. Therefore, you can use it to pay off medical debt from hospitals, which helps you lower medical debt while still paying off your credit cards.
Have other questions about your financial life? Need to know more about taking out a longterm loan? to check out our blog.
Here are some other articles you might find helpful:
What Are Some Alternatives To A Healthcare Credit Card
A healthcare credit card can be a useful way to pay for medical expenses, but there are some alternatives if youre not sure if a healthcare credit card is right for you.
One option is to set up a health savings account . An HSA lets you save money tax-free to use for healthcare costs. You can use the money in your HSA to pay for expenses like doctors visits, prescriptions, and dental care.
Another option is to use a flexible spending account . An FSA lets you set aside money each year for healthcare costs. You can use the money in your FSA to pay for things like doctors visits, prescriptions, and dental care.
If youre looking for a way to pay for healthcare costs over time, you could also consider using a medical loan. A medical loan lets you borrow money to pay for healthcare expenses. You can usually get a medical loan with low-interest rates and no credit check.
Whatever option you choose, be sure to do your research and compare rates before you decide on a healthcare credit card or any other type of loan.
Don’t Miss: How Does Credit Card Credit Work
What Expenses Can I Use My Carecredit Credit Card On
The CareCredit credit card can be used for almost any expense for pets at a veterinary clinic, as well as most medical bills for humans as long they are enrolled with CareCredit. It isnt an insurance product, so there are no coverage limitations. The only limits on the card are whether your veterinarian accepts it as payment or not, and your approved available credit amount.
If your veterinarian accepts CareCredit as a form of payment, you can use it to finance any purchase at the time of service, including sick visits, routine checkups, bloodwork, fecal flotation, and more. Purchases of $200 or more are eligible for promotional financing options*. Heres a list of some of the services and procedures you can pay for with CareCredit at enrolled provider locations:
Youre Our First Priorityevery Time
We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.
Recommended Reading: How To Not Pay Your Credit Card Debt
Things To Know About The Carecredit Card
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.
The CareCredit Card, issued by Synchrony, is designed to provide financing for consumers who are faced with medical expenses that arent covered by insurance. Medical bills are a big issue for Americans according to the Journal of the American Medical Association, 17.8% of individuals in the U.S. had medical debt in collections in June 2020.
The CareCredit Card is accepted at more than 225,000 providers, but its not a general-use card that youd also reach for when making nonmedical purchases.
Here are five things to know about the CareCredit Card.
» MORE: Medical credit cards are costly if youre not careful
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:
You May Like: How Does The Paypal Credit Card Work