CareCredit is a credit card for health and medical expenses, including veterinary costs. It offers various payment plans, including zero-interest short-term plans and longer-term loans with a 13.9% interest rate. CareCredit can be used for dental work, veterinary care, and procedures that health insurance companies refuse to cover.
CareCredit is like a credit card used only for health and medical expenses. One of the benefits of CareCredit financing is that it can be used for veterinary costs for animals, as well as medical and dental procedures for the cardholder or cardholder’s family members.
CareCredit cards can be applied for online or at the health care provider’s office. When a person applies for a card, they simply choose a payment plan and a monthly payment amount. Although 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.
Although not all health care 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 in terms of two, three, four or five years, and the interest rate is set at 13.9 percent.
Dental work is one of the most common uses for CareCredit, which is why most people refer to these cards as dental cards. For many people, dental work is often a larger 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 much more than just a dental credit card. Another notable use for CareCredit funding is veterinary care. If a pet needs surgery, or if the animal requires emergency medical attention, CareCredit provides a way to pay for these expensive and often unexpected expenses. For this reason, pet owners often carry CareCredit cards as an emergency fund for their pets.
Finally, CareCredit provides a way for patients to pay for many other specialties that health insurance companies refuse to cover. For example, insurance companies often deny coverage for procedures such as cosmetic surgery, LASIK, other eye care procedures, and hearing. A CareCredit card allows a patient to get the medical care she needs while paying for the procedure over a period of time. Low to no interest and monthly payments make these procedures more affordable for people who might otherwise have to do without.
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