What Is CareCredit?
CareCredit is a credit card designed to help you pay for health and wellness services that aren’t covered by insurance. You can use it at over 200,000 providers across the country for LASIK and vision care, cosmetic and dermatology procedures, dentistry, veterinary, hearing care and more. Unlike other credit cards, CareCredit offers a fixed monthly payment over a specified term. That makes it an ideal option if you’re looking to spread out your healthcare costs. Also, be sure to read the terms and conditions carefully to make sure that you understand how long you have to pay off your balance. You should also be prepared to calculate an equal monthly payment that will allow you to pay off your balance in full and avoid interest.
What Are the Benefits of CareCredit?
CareCredit offers a number of benefits for healthcare consumers. These benefits include the ability to spread out medical expenses over a period of time and the option to pay for services with special financing. Synchrony Bank, the lender that provides CareCredit, offers several short-term financing options that allow you to spread out your medical costs over six, 12, 18 or 24 months. These promotions do not come with any interest, but they do require you to pay the entire balance of your purchase by the end of the promotional period.
How Can I Apply For CareCredit?
You can apply online or in your doctor’s office. You can also search CareCredit’s website for a list of providers that accept the card in your area. However, it is important to remember that CareCredit is a deferred interest card and requires payments during the promotional period. If you don’t pay off your balance by the end of that period, you will owe high interest on any remaining balance.