CareCredit is a credit card for health and medical bills, including veterinary costs. It offers short-term plans with zero interest and longer-term loans with a 13.9% interest rate. CareCredit can be used for dental, veterinary, and other medical procedures not covered by insurance.
CareCredit is like a credit card used only for health and medical bills. One of the benefits of CareCredit funding is that it can be used for animal veterinary costs, as well as medical and dental procedures for the cardholder or their family members.
CareCredit cards can be applied for online or at your health care provider’s office. When a person applies for a card, they simply choose a payment plan and monthly payment amount. While the card is usually applied for with a specific loan amount in mind, the cardholder can reuse it as needed without having to go through the application process again, just like a regular credit card.
While not all healthcare providers offer all plans, CareCredit has a wide variety of plans available. Short-term plans offer zero interest, but the cardholder must agree to a three, six, twelve or eighteen month payment plan. There are also longer-term loans for people who need more time to pay off the balance or for more expensive procedures. In these plans, monthly payments are made over two, three, four or five year terms and the interest rate is set at 13.9%.
Dental work is one of the most common uses of CareCredit and because of this most people refer to these cards as dental cards. For many people, dental work is often a bigger and more frequent expense than medical care, and it’s not uncommon for people to have trouble finding the money to pay for the dental care they need.
However, CareCredit is more than just a dental credit card. Another notable use for CareCredit funding is veterinary care. If a pet requires surgery or if the pet needs emergency medical care, CareCredit provides a way to pay for these costly and often unexpected expenses. For this reason, pet owners often carry CareCredit cards as an emergency fund for their pets.
Finally, CareCredit offers patients a way to pay for many other specialties that health insurance companies refuse to cover. For example, insurance companies often decline coverage for procedures such as cosmetic surgery, LASIK, other eye care procedures, and hearing care. A CareCredit card allows a patient to still get the medical care they need by paying for the procedure over a period of time. The monthly payments and low or no interest make these procedures more convenient for people who would otherwise have to give up.
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