Does CareCredit charge a monthly fee? (2024)

Does CareCredit charge a monthly fee?

We don't charge annual fees or monthly fees. To learn more about fees and financing options, fill out our online form and talk to a member of our team.

Does CareCredit have a monthly 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.

How many months is CareCredit interest free?

No interest if paid in full within six, 12, 18, or 24 months on qualifying qualifying purchases of $200 or more at enrolled provider locations and select retailers in the CareCredit Network.

Does CareCredit hurt your credit score?

For example, you can see if you prequalify for the CareCredit credit card, which won't affect your credit score. If you're prequalified, accepting and applying for the offer can still lead to a hard inquiry. But you can apply with confidence that your application will likely be approved.

Why is CareCredit charging interest?

If your promotional purchase is not paid in full by the end of the promotional period, interest will be charged to your account from the purchase date. The CareCredit credit card is also accepted at some retailers where special financing options are not available.

What is the annual fee for the CareCredit card?

There is no annual fee for CareCredit. It is important for consumers to keep in mind that CareCredit can be an expensive way to pay for medical bills if you can't pay back your balance during the promotional period.

What is the point of CareCredit?

The CareCredit credit card is a simple, flexible way to pay for a wide range of health and wellness needs for you, your family, and your pets. See if you prequalify without impacting your credit score.

How can I avoid paying interest on CareCredit?

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 don't pay the balance back on time, you'll pay a jaw-dropping 26.99% annual percentage rate (as of January 2023) on every cent you financed in the first place.

What credit score is needed for CareCredit?

The credit score you need for the CareCredit Credit Card is 640 or better.

Do you pay CareCredit back?

Like most credit cards, you must make your monthly payments on time and, if you miss a payment, you will incur a late fee. With CareCredit "No Interest if Paid In Full" promotional financing, you will be charged interest if you do not pay your promotional balance in full by the end of the promotional period.

What is the highest credit limit for CareCredit?

A CareCredit card has a maximum credit limit of $25,000. For charges of $200 or more, CareCredit offers "no-interest" promotional periods of six, 12, 18 and 24 months, depending on the provider. If you pay off your purchase within your promotional period, no interest will be charged.

What bills can I pay with my CareCredit card?

Is CareCredit a credit card or loan?

CareCredit is a health and wellness credit card with flexible financing options so you can pay over time for care you want or need.* Accepted at over 260,000+ locations!

What happens if you don't pay off CareCredit?

If you haven't paid off the balance for your purchase when the promotional period ends, you'll be charged interest on your balance for each month, starting from when you first made the purchase. Your credit card company must tell you the date by which you must pay off your balance to avoid paying interest.

Why am I paying monthly interest on my credit card?

Credit card companies charge you interest unless you pay your balance in full each month. The interest on most credit cards is variable and will change from time to time. Some cards have multiple interest rates, such as one for purchases and another for cash advances.

Can you use CareCredit at Walmart?

Is CareCredit accepted at all Walmart locations? Yes, you can use your CareCredit credit card for qualifying, in-store purchases at all Walmart Store locations, including Walmart Supercenters and Neighborhood Markets, across the United States (does not include Gas Stations or Walmart.com).

How do I pay my CareCredit bill?

Can I use my CareCredit card like a regular credit card?

The CareCredit Credit Card applicants will first get approved for the card that is not connected to a network. This card is specifically designed to offer special financing for eligible health care services and products, and it can only be used for such transactions.

What can I buy with CareCredit?

Which is better Cherry or CareCredit?

Trusted & Loved by Patients

Cherry maintains true 0% APR financing, which is far better for patients than the deferred 0% APR promoted by providers such as CareCredit.

Can you take money out of CareCredit?

You can get a CareCredit Mastercard cash advance at any ATM or with the convenience checks they send you. In addition, they will treat any purchase of certain cash like items as cash advances.

What is an alternative to CareCredit?

The closest competitor to carecredit.com are synchrony.com, mysynchrony.com and pawlicy.com. To understand more about carecredit.com and its competitors, sign up for a free account to explore Semrush's Traffic Analytics and Market Explorer tools.

Why does CareCredit keep denying me?

You Have Poor Credit or No Credit Score

Many credit card issuers check one of your credit scores when deciding whether to approve an application, and the interest rate and credit limit on new accounts. If you have a low credit score, you might find it's difficult to qualify for many cards.

How is CareCredit minimum payment calculated?

3.25% of the new balance shown on your billing statement. The statement balance, if it's less than $29. 1% of the statement balance, plus fees, past-due amounts, and interest.

Is CareCredit a hard or soft inquiry?

You can see if you prequalify by using our custom link or by going to carecredit.com. This is a soft inquiry and will have no impact on your credit score.