What are some features of CareCredit?


Quick Answer

CareCredit is a specialized credit card that can be used to finance health care-related treatments and procedures. It is the largest issuer of consumer health-care credit in the U.S., according to Forbes. If the provider allows it, CareCredit offers promotional periods of various lengths during which the customer pays no interest if the minimum amount due each month is met and the entire amount owed is paid off in full within that timeframe.

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Full Answer

If the customer does not pay the amount owed in full within the promotional period, CareCredit charges interest dating back to when the services were purchased.

CareCredit may be used to finance a wide range of procedures that may not be covered by health insurance plans, including dental work, cosmetic procedures, vision care such as LASIK surgery and veterinary care for pets.

CareCredit is accepted by some 175,000 providers around the country and has around 4 million cardholders, according to the Consumer Financial Protection Bureau.

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