How does My Synchrony Care Credit Card work? What are the services provided by Synchrony Bank? What are the features and benefits of the Care Credit Card?
What is a Care Credit Card?
Care Credit is a healthcare credit card that helps pay your medical bills. CareCredit also provides a special financing facility that customers can use to pay their bills with an equal monthly payment option.
No interest will be charged if you pay the required amount in full during the financing period.
Care Credit vs Regular Credit Card:
- A care credit card is different from a regular credit card. Regular credit card generally does not provide any financing facility.
- Care credit is not offered to a single partner/client instead it is designed to be used by over 250,000 healthcare providers in the United States.
- Customers can search for healthcare providers through the online website and get the required treatment through care credit financing.
- All providers must be enrolled in the CareCredit network to accept payment.
- CareCredit card is also useful for customers who have not been enrolled in any insurance plans.
Salient features:
- CareCredit is a $0 annual fee credit card.
- It can be used to get treatment and care in case of high charges.
- Zero zero-interest financing facility is a great way to split the total payment into equal monthly payments.
- A wide availability with leading healthcare providers.
Related articles:
- Care Credit Providers
- Care Credit Card Apply, Pre-Approval
- Care Credit Financing, Payment Plans, Interest Rates
- Care Credit Mobile app
- Care Credit Card Login
- Care Credit Card Bill Payment
Fee & charges:
| Fee type | Amount |
|---|---|
| Care Credit APR for Purchases | 26.99% |
| Penalty APR | None |
| APR for a balance transfer | N/A |
| APR for Cash Advances | N/A |
| Minimum Interest Charge | $2.00 |
| Annual Fee | None |
| Balance transfer fee | N/A |
| Cash Advance fee | N/A |
| Foreign Transaction Fee | N/A |
| Late Payment penalty | Up to $41 |
| Returned Payment Penalty | None |
CareCredit Certification:
This certification is given to select enrolled providers who share a clear and easy-to-understand overview of the financing facility a new applicant will get during the online application. It helps patients to get a clear idea about the financing solution without any hidden charges.
CareCredit Promotion:
CareCredit offers a no-interest financing solution for 6, 12, 18, and 24 months and patients can choose any one financing plan if they spent $200 or more.
CareCredit Interest rate:
Currently, the Annual Percentage rate (APR) for the purchases is 26.99% if a Customer does not pay the full amount at the end of the financing. Please note that the interest will be charged from the first month of the financing duration so it is advised to pay the full amount otherwise the interest will be very high. The interest rate may change at any time and the latest interest rate will be available on the cardholder agreement.
i-Standard APR:
| Minimum purchase | Duration | APR | APR (If not paid in full) |
|---|---|---|---|
| $200 | 6 Months | 0% | 26.99% |
| $200 | 12 Months | 0% | 26.99% |
| $200 | 18 Months | 0% | 26.99% |
| $200 | 24 Months | 0% | 26.99% |
ii-Low APR:
CareCredit also offers a low APR financing on purchases of $1000 or more for 24, 36, 48, and 60 months. Low APR financing is very helpful in case a customer needs a longer-duration financing plan. The reduced-interest APR will be charged as per the below criteria.
| Minimum purchase | Duration | APR (If not paid in full) |
|---|---|---|
| $1000 | 24 Months | 14.90% |
| $1000 | 36 Months | 15.90% |
| $1000 | 48 Months | 16.90% |
| $2500 | 60 Months | 17.90% |
Where can I use my CareCredit card?
Apart from a wide availability with healthcare providers, the CareCredit cards can be used at select retail stores to purchase healthcare-related products. Walgreens, Walmart, and Sam’s Club accept CareCredit cards as a one-time payment option. promotional financing is not available at retail stores. Currently, most of the healthcare providers from the below-mentioned treatment categories are accepting the CareCredit card.
- Animal/Pet Care
- Chiropractic
- Cosmetic
- Dentistry
- Dermatology
- Fitness
- Health Systems & Hospitals
- Hearing
- Labs & Diagnostics
- Med Equipment/Supplies
- Pharmacies/Personal Care
- Primary Care/Clinics
- Sleep
- Spa
- Specialists
- Vision
- Weight Loss
How to find the provider location?
If you have a CareCredit card and looking for the providers who accept the CareCredit then you can search for the nearest providers through the official website. You can also find the providers for a particular specialty. Let’s take the example below.
How to find the nearest dental providers?
Please follow the below steps.
Step 1: Visit the official website.
Step 2: Click the Find a Location menu item. You will find a location search form on the next page (as shown below).
Enter the provider name and ZIP code or city name and press the Search button. You may also click the See All Locations that Accept CareCredit Near You below the search form.
Step 3: You will find a list of all providers near your location. Now click the Dental Speciality to narrow down the list. You will find a list of all dental providers.
Step 4: Now you may again narrow down this list to search for a particular Dental specialist by clicking the sub-category such as General Dentist, Orthodontist, Periodontist, Endodontist, etc for the Dental category.
Step 5: Click the provider link to view the contact details, address, and Google Maps listing.
CareCredit alternative
There are some alternative options also available. If anyhow you are not pre-approved by CareCredi then you may try for some credit cards that offer 0% APR or a low intro APR facility as an introductory offer. If you are approved then you can pay for your treatment by using the low APR these credit cards offer.
Credit Cards such as the Discover it Cash Back card by Discover Bank offer 0% APR for the first 15 months, Wells Fargo Reflect Card by Wells Fargo Bank offers 0% intro APR for up to 21 months, and the BankAmericard credit card offers 0% APR for 18 months.
Customers can also go for insurance options. Apart from the financing option, CareCredit also offers Pets Best Pet Health Insurance. You can pay bills through your CareCredit card, file a claim, and get reimbursement.
Customers can also view the Alphaeon credit card which is also a healthcare credit card and provides two types of credit cards Alphaeon Cosmetic Credit Card and Alphaeon Vision Credit Card. It also provides no interest and low ARP-based financing.
Customer Service
If you would like to speak to a CareCredit representative to report a lost, misplaced, or stolen card, to review your needs, or assist you with credit increases:
| Cardholder | 866-893-7864 |
| Provider | 800-859-9975 |
| Add an authorized user | 877-293-0766 |
Highlights
| Particulars | Summary |
|---|---|
| Name of Credit Card | Care Credit |
| Issued by | Synchrony Bank |
| Serviced by | Synchrony Bank |
| Credit card network provider | None |
| Who can apply | All eligible customers |
| Official website | www.carecredit.com |
FAQs
What if I lost my credit card?
In case you have lost your CareCredit card or someone has stolen it then there might be chances of misuse. To prevent any unauthorized transactions, please call the Synchrony customer service team immediately at 1-866-396-8254. You will not be liable for unauthorized use on
your account.
Can I increase my CareCredit limit?
You may contact the credit specialists team at 866-893-7864 and request them to increase your credit limit. A credit specialist will assist you if there is any possibility of a credit limit increase.
Customers can also share the medical billing cost at the time of the online application. It helps CareCredit to provide you with a credit limit that will be enough to pay your bills.
What is the CareCredit Reward program?
CareCredit does not offer any reward program. Customers will not get any reward points facility. Only a special financing facility on 0% APR and reduced APR is available in case of urgent medical payment needs.
What is the minimum credit score required for CareCredit?
Customers having average to good credit scores can apply for the CareCredit card. Even if your credit score is low, you may try the Carecredit pre-approval check. The pre-approval process does not impact the credit score and you will get the decision within seconds. If you are approved you can submit a full application right away.
Does Care Credit offer a cash advance facility?
Care Credit does not offer any cash advance facility to customers. If you are in urgent need of money then you will have to look for other options. You may look for some entry-level credit cards such as Blaze Credit card and Cerulean credit card. These credit cards are easy to get if you have a low credit score. Aspire credit card and Fortiva credit card is also good options.
Can I transfer the other credit card balance to my CareCredit card?
CareCredit does not offer any balance transfer facility also. It is specifically designed to pay your medical bills only and you will have to look for other options for a balance transfer facility.
How much credit I will get after the approval?
CareCredit does not share how much credit limit you will get if approved. CareCredit asks you to enter the amount you need urgently while submitting the online application and try to match your expectation. The credit limit depends on your past repayment history and credit score. If you maintain your account properly and pay your monthly bill then you may request for an increase in credit limit.
Conclusion
CareCredit is a good option for those people who do not have any health insurance policy or can not afford the costly treatment provides by good hospitals or clinics. The only drawback we found is there is no Visa or Mastercard facility available with this credit card. It means that you can not use it outside the CareCredit network.
Considering the 0% interest rate equals monthly payment financing for up to 24 months without paying any annual fee, this credit card becomes the best option in case of any medical emergency and urgent need for money.
A low APR facility for up to 60 months makes it even more valuable. Customers can surely think to apply for a CareCredit card if they don’t have any other option.
Customers complaints:
There were complaints from many users that CareCredit does not inform you about the high-interest rates but now they share all information before applying. Some users also complained about dropping their credit lines. It happened to them when they started to pay more amount to reduce their balance.
Some customers said that their account was closed without any prior intimation. It is advised to consider this credit card only for medical emergencies and not for other purposes. Just keep remembering two important things.
- Don’t miss any payment if you are in a promotional window.
- Try to avoid carrying a balance if you are not in the promotional window.
If you are making an on-time payment then there will not be any issue.
The Editorial Staff at cettest.org is a team of experts from Praxis Consultants, a recruitment agency. Having 10+ years of recruitment experience in Finance, Banking, Manufacturing, media, etc industries for reputed companies and MNCs leads us to share useful information with users in an easy format. About Us LinkedIn Facebook Website Contact Us