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CareCredit® credit card

CareCredit® credit card

Sign Up Bonus
Promotional financing available for 6 or 12 months on health, wellness and pet care purchases of $200+
Easy Application
Apply online and get an instant credit decision
Use for Health and Wellness
Use your card for dental and vision care, cosmetic treatments, insurance deductibles, veterinary care and more at over 240K locations.
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the CareCredit® credit card card best for?

If you find yourself facing out-of-pocket medical costs, the CareCredit® credit card could be a useful tool for spreading your payments out over time. It’s a credit card specifically designed for healthcare-related expenses and is accepted at more than 225,000 providers across the United States. Plus, it can even be used for veterinary care, so it could be a lifeline if your pet needs an expensive procedure or has to spend time at the emergency vet.

The card is issued by Synchrony Bank, and offers interest-free financing periods of 6 to 24 months on purchases of $200 or more — as well as longer financing periods where you’ll pay interest.

However, the CareCredit® credit card is not without its pitfalls. Because its interest-free financing periods involve deferred interest, unwary consumers risk facing expensive interest charges if they don’t pay off the entire balance within the specified timeframe. Deferred interest means that you’ll get hit with back interest charges from the date of purchase if you don’t zero out the balance by the promotional end date.

Because of the deferred interest risk, it may be better to see if you can get enrolled in a payment plan for your medical costs or apply for a credit card offering a lengthy 0% intro APR deal where only any unpaid balance remaining after the promotional period ends will be subject to interest charges.

Card overview

    • Promotional financing available for 6 or 12 months on health, wellness and pet care purchases of $200+
    • Use your card for dental and vision care, cosmetic treatments, insurance deductibles, veterinary care and more at over 240K locations.
    • Join the over 11 million people who have CareCredit to pay for their health, wellness and beauty needs.
    • Feel prepared knowing you have a way to pay for you and your family's healthcare
    • Manage your account, view your eStatements, and use your digital card with the CareCredit Mobile App
    • Apply online and get an instant credit decision
  • Credit needed:
    660 850
    Excellent/Good
  • View your credit score for free
  • CareCredit mobile app to set alerts, pay your bill, and find providers that accept CareCredit

 

Intro Purchase APR

No interest if paid in full within 6, 12, 18 or 24 months on purchases of $200 or more. Reduced APR for financing on purchases of $1,000 or more: 24 months at 14.90% APR, 36 months at 15.90% APR, 48 months at 16.90% APR. Reduced APR for financing on purchases of $2,500 or more: 60 months at 17.90%.

Regular Purchase APR

26.99%

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$0

Cash Advance Fee

N/A

Foreign Transaction Fee

N/A

Balance Transfer Fee

N/A

Pros and cons

Pros

  • Can be used for a variety of expenses
  • Extra time to pay off healthcare bills
  • Easy to apply
  • $0 annual fee

Cons

  • Deferred interest
  • High APR
  • Card can’t be used everywhere

What we like about the CareCredit® credit card

  • Pay for your healthcare and your pet's, too

    When your health insurance doesn’t cover the care you need, the CareCredit® credit card can be used to manage out-of-pocket expenses. Many different types of services can be eligible, such as:

    • Animal/pet care
    • Chriopractic
    • Cosmetic
    • Dentistry
    • Dermatology
    • Fitness
    • Hearing
    • Hospitals and surgical centers
    • Labs and diagnostics
    • Medical equipment/supplies
    • Pharmacies/personal care
    • Primary care/clinics
    • Sleep labs and medications
    • Spa services and treatments
    • Specialists in a variety of areas
    • Vision (including LASIK)
    • Weight loss surgery

    Plus, this card offers no interest if paid in full within 6, 12, 18 or 24 months on purchases of $200 or more. Reduced APR for financing on purchases of $1,000 or more: 24 months at 14.90% APR, 36 months at 15.90% APR, 48 months at 16.90% APR. Reduced APR for financing on purchases of $2,500 or more: 60 months at 17.90%. But be aware the regular purchase APR is a stiff 26.99%, which is what you’ll be charged from the date of purchase if you don’t pay off the entire balance by the time the promotional timeframe expires.

  • Easy ways to apply

    If you decide to apply for the CareCredit® credit card, you have options for how to proceed. You can do so on carecredit.com, by calling 1-800-677-0718 (applicants must be 21 years old or older to apply by phone), or while you’re visiting a healthcare provider that accepts CareCredit.

  • $0 annual fee

    There’s a $0 annual fee for this card, so if you decide to get the card and only need to use it rarely, you don’t have to worry about being charged just to have it.

What to watch out for with the CareCredit® credit card

  • Promotional periods involve deferred interest

    What’s key to know about CareCredit’s no-interest financing periods is you’re agreeing to deferred interest. If you don’t pay the purchase in full by the end of the financing period, you’ll be charged the regular interest rate on the entire purchase amount from the purchase date. (Also, just making the minimum payment each month may not be enough to pay off your purchase within the financing period.)

    Deferred interest differs from the introductory 0% APR deals you see on some credit cards, where interest starts accruing on any balance remaining after the intro period ends. And with the CareCredit® credit card‘s 26.99% regular purchase APR, deferred interest could get very costly.

  • Very high APR

    This card’s regular purchase APR is 26.99%, meaning that any purchases you make that don’t qualify for a financing period or that do qualify, but you don’t pay off the balance in time, will be subject to expensive interest charges if you roll over a balance.

  • You can't use this card everywhere

    More than 225,000 providers across the nation accept CareCredit. However, there’s no guarantee that your provider takes the card — so you might want to verify before deciding to apply.

Alternate financing options

Ask about a payment plan

Rather than risk deferred interest on the CareCredit® credit card‘s shorter financing plans, or accepting a higher APR for one of the card’s longer plans, consider asking your healthcare provider about a payment plan. If available, you may be asked to choose between a shorter-term repayment plan where you pay no interest or a longer-term plan where you pay a lower monthly amount but do incur interest charges.

Apply for a 0% intro APR credit card

Disclosures |
U.S. Bank Visa® Platinum Card
U.S. Bank Visa® Platinum Card
on U.S. Bank's secure site
0% intro APR for 20 billing cycles on Purchases*
14.49% - 24.49%* (Variable)
$0*
None
  • 0% Intro APR on purchases and balance transfers for 20 billing cycles. After that, a variable APR currently 14.49% - 24.49%.
  • Great offer from U.S. Bank, a 2020 World's Most Ethical Company® - Ethisphere Institute, February 2021.
  • No Annual Fee*
  • Flexibility to choose a payment due date that fits your schedule.
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S.Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

If you have good, very good or exceptional credit (a credit score between 670 and 850), you might decide to apply for a credit card offering a 0% intro APR period on purchases. The U.S. Bank Visa® Platinum Card is such a card. Cardholders enjoy a 0% intro APR for 20 billing cycles on Purchases*, after which a 14.49% - 24.49%* (variable) APR applies.

Unlike a deferred interest offer, if you have a balance remaining after an intro APR period expires, you’ll just start accruing interest on your balance from that point onward — you won’t be charged interest on the amount of the entire purchase going back to the purchase date. This means a card offering an intro APR on purchases is a much safer option than the CareCredit® credit card‘s deferred interest financing.

While the U.S. Bank Visa® Platinum Card doesn’t offer rewards, the annual fee is $0*, and there’s cellphone protection of up to $600 ($25 deductible per claim) when you pay your phone bill with this card.

To see rates & fees for the U.S. Bank Visa® Platinum Card please click here.

Compare the CareCredit® credit card to similar cards

Comparison of four different credit cards
CareCredit<sup>®</sup> credit card Capital One Quicksilver Cash Rewards Credit Card Citi Simplicity<sup>®</sup> Card Wells Fargo Platinum card
CareCredit® credit card Capital One Quicksilver Cash Rewards Credit Card Citi Simplicity® Card Wells Fargo Platinum card
Read Review
Apply Now
on Capital One's secure site
Apply Now
on Citibank's secure site
Read Review
Intro Purchase APR
No interest if paid in full within 6, 12, 18 or 24 months on purchases of $200 or more. Reduced APR for financing on purchases of $1,000 or more: 24 months at 14.90% APR, 36 months at 15.90% APR, 48 months at 16.90% APR. Reduced APR for financing on purchases of $2,500 or more: 60 months at 17.90%. 0% intro on purchases for 15 months 0% for 12 months on Purchases 0% intro APR for 18 months from account opening
Regular APR
26.99% 14.99% - 24.99% (Variable) 14.74% - 24.74% (Variable) 16.49%-24.49% (Variable)
Annual Fee
$0 $0 $0 $0
Rewards Rate
Non-rewards card 1.5% Cash Back on every purchase, every day N/A None
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
CareCredit® credit card Capital One Quicksilver Cash Rewards Credit Card Citi Simplicity® Card Wells Fargo Platinum card

Is the CareCredit® credit card right for you?

The CareCredit® credit card can be a useful tool to spread medical payments out over time if you don’t have the cash on hand to cover the bill in full upfront. It can also be a helpful option when dealing with an unexpected expense such as a trip to the emergency vet, because you can apply from the provider’s office.

However, make sure you know how much you need to pay each month to cover the full purchase amount before your CareCredit financing period ends, because you don’t want to risk getting charged deferred interest with this card’s 26.99% APR. And before pulling out the plastic, consider checking with your healthcare provider whether they offer a payment plan. If they do, it might be a better choice than the card.

The information related to the CareCredit® credit card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.