What stores accept CareCredit?
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. ). Search for your nearest location. here.
Is care credit worth it?
The CareCredit® credit card was designed to ease the burden of expensive medical bills. For no annual fee, you may receive special financing on qualifying purchases at over 225,000 providers of health and wellness services and products. The card is a fine choice — but only if used properly.
What places accept Care Credit?
CareCredit is accepted at more than 200,000 locations nationwide. Once approved, you can use CareCredit for many of your out-of-pocket healthcare costs at enrolled providers including dentistry, cosmetic surgery, dermatology, veterinary care, audiology, and ophthalmology – to name just a few.
How do you apply for care credit?
Care Credit Phone Number. You can reach CareCredit customer service at (866) 893-7864. If you want to apply by phone call (800) 677-0718. To speak to a live agent you need to call between 9am–9pm M-F ET. Care Credit Requirements.
Is the CareCredit card a Mastercard?
WalletHub, Financial Company The CareCredit Credit Card is neither a Visa, nor a Mastercard. While there is a Mastercard version of the CareCredit Credit Card, it is only available to select cardholders through an upgrade.
What type of credit is CareCredit?
It's a deferred interest card ... The CareCredit Card offers these short-term financing options: no interest for 6, 12, 18 or 24 months on purchases of $200 or more.
Can I use my CareCredit Mastercard anywhere?
If you got upgraded to (or applied for) the CareCredit Rewards Mastercard, you can definitely use that anywhere. Only the regular one is for medical stuff; the Mastercard has no such restrictions. Still, obviously you'll get better rewards if you use it for healthcare.
How does CareCredit Mastercard work?
The CareCredit Credit Card is a game-changing option that still provides financing options for treatments, procedures, consultations, or any other type of medical expense that insurance might not cover, but now can also be used anywhere that Mastercard is accepted and will earn rewards with every purchase.
Is CareCredit considered a credit card?
CareCredit is a healthcare credit card designed for your health, and wellness needs. It's a way to pay for the costs of many treatments and procedures and allows you to make convenient monthly payments.
Does CareCredit hurt your credit score?
CareCredit Requirements This option won't affect your credit score. In order to apply, you will need to provide Synchrony with the following information: Name.
Can I buy food with my CareCredit card?
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). Search for your nearest location here.
Can you withdraw money from your CareCredit card?
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.
Can I use my CareCredit card for gas?
The Synchrony Car Care™ credit card is accepted at gas stations and auto parts and service businesses nationwide.
Can I use my CareCredit card at Walgreens?
Yes, you can use your CareCredit credit card at all Walgreens and Duane Reade locations across the United States. To pay, simply swipe or insert your card as you would any other credit card.
What can I use my Synchrony CareCredit card for?
Most Synchrony credit cards are linked to a store and can be used for purchases in that store only. If your card has a Visa or a Mastercard logo, you can use it anywhere.
Is CareCredit a hard or soft inquiry?
My credit isn't great. 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.
How much does CareCredit approve you for?
Let's look at CareCredit, one of the most common medical credit cards. 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.
Is there a penalty for paying off CareCredit early?
A credit limit that renews as you pay off the existing balance. No pre-payment penalties.
What happens if I don't use my CareCredit card?
In the past, issuers could charge credit card inactivity fees if you failed to use your card for a long period. However, the Federal Reserve banned this practice in 2010. However, if the card has an annual fee, you will have to pay that fee whether you use the card or not.
Where can I use my Care Credit card?
You can use your CareCredit Credit Card in more than 225,000 healthcare providers in the U.S. You can also use your card to purchase pharmaceutic...
What does SYNCB/CARECR mean on my credit report?
SYNCB/CARECR stands for “Synchrony Bank/CareCredit.” It refers to the CareCredit Card, which is issued by Synchrony Bank. The card can be used to p...
What's the CareCredit card phone number for customer service?
The CareCredit Credit Card phone number for customer service is (866) 893-7864 . In case you're not a cardholder yet, call (800) 677-0718 inst...
Where can I check my CareCredit card balance?
To check your CareCredit Credit Card balance, log in to your CareCredit account online or call credit card customer service at (866) 955-7070...
Is CareCredit card a Visa or Mastercard?
The CareCredit Credit Card is neither a Visa, nor a Mastercard. While there is a Mastercard version of the CareCredit Credit Card , it is only a...
How do I increase my CareCredit Card credit limit?
You can request a CareCredit Credit Card credit limit increase by calling customer service at (866) 893-7864 . To raise your chances of being ap...
How can I get a CareCredit Credit Card PIN?
You can obtain a CareCredit Credit Card PIN by calling 877-295-2080. Representatives are available from 8am – 5pm Monday to Friday, Central Standar...
What's the starting credit limit for the CareCredit card?
The CareCredit Credit Card 's starting credit limit isn't disclosed. Each approved applicant's credit limit will be determined based on a couple o...
How can I buy a gift card with my CareCredit credit card?
You cannot buy a gift card with your CareCredit credit card. This is a card dedicated for healthcare and wellness related purchases and can only be...
1. You can use it only on certain health care purchases
You can use the CareCredit Card at health care and wellness providers that have enrolled in CareCredit. While a wide variety of providers and businesses accept the CareCredit Card, your preferred doctor may not.
4. Your account is available immediately upon approval
You can’t always predict when you’ll be subject to a big medical bill, but you can use a new CareCredit Card account the moment your application is approved, even if your physical card hasn’t arrived in the mail yet. That means you can apply from the doctor’s office and use the card to pay your bill.
What is the selling point of a credit card?
The top selling point for the card is its promotional financing terms. As mentioned earlier, there are two ways to take advantage of promotional financing:
What is no interest financing?
With the no interest financing plan, you pay zero interest on your balance as long as it’s paid in full before the promotional period ends.
How long does no interest financing last?
No-interest financing. With the no interest financing plan, you pay zero interest on your balance as long as it’s paid in full before the promotional period ends. The promotional periods are either: 6 months.
Is the FICO card only for medical expenses?
Again, this card is only for medical expenses so that limits you in terms of extras. You’ll need to look elsewhere for things like free FICO score access, travel benefits or extended warranty programs.
Is it worth looking at medical insurance?
It’s worth a look if you’ve got a large medical expense to cover or you want some flexibility in how you pay for things like co-pays or repeat treatments.
Who is Rebecca from MyBankTracker?
Rebecca is a writer for MyBankTracker.com. She is an expert in consumer banking products, saving and money psychology. She has contributed to numerous online outlets, including U.S. News & World Report, and more.
Should You Get The CareCredit Credit Card?
The CareCredit card is a winner if you need a convenient , flexible way to pay for one-time or recurring medical expenses.
Questions & Answers
Don't see what you're looking for? Submit your question about CareCredit Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Where You Can Use Your CareCredit Credit Card
SYNCB/CARECR stands for “Synchrony Bank/CareCredit.” It refers to the CareCredit Card, which is issued by Synchrony Bank. The card can be used to pay for medical expenses at the 200,000+ U.S. medical facilities that are part of Synchrony Bank's CareCredit Network.
How to Check Your CareCredit Credit Card Balance
The CareCredit Credit Card is neither a Visa, nor a Mastercard. While there is a Mastercard version of the CareCredit Credit Card, it is only available to select cardholders through an upgrade.
Impact of a CareCredit Credit Card Credit Limit Increase on Your Credit Score
When you request a CareCredit Credit Card credit limit increase, Synchrony will conduct a soft pull of your credit report, which does not affect your credit score. However, some CareCredit Credit Card credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score.
Why do we need healthcare credit cards?
Healthcare credit cards provide a way to make medical expenses more manageable. Of course, consumers must remember that the financing behind these credit cards is provided by for-profit companies that are in business to make money. If you're not careful, you can incur significant expenses from the associated fees.
What Are Some Alternatives to CareCredit?
First, check to see if your provider privately offers some sort of pay-over-time arrangement. Many large practices and facilities have repayment plans that don't charge interest or fees as long as you pay regularly.
What is synchrony credit card?
Synchrony is one of the largest provider of private label credit cards in the U.S. Synchrony's CareCredit has entered into agreements with a broad range of healthcare providers that will accept its card as payment for their services; the card is accepted by over 200,000 healthcare providers in the United States.
Is Care Credit a profit?
CareCredit Is in Business to Make a Profit. While their marketing pitches focus on providing access to affordable healthcare, it is important for consumers to keep in mind that CareCredit–and other similar healthcare credit card companies–are in business to make a profit.
Does Synchrony accept credit cards?
To help consumers address the financial burden of paying medical bills, Synchrony's CareCredit has entered into agreements with a broad range of healthcare providers that will accept its credit card as payment for their services. Synchrony is one of the largest provider of private label credit cards in the U.S.
Is Care Credit in business?
It is important for consumers to keep in mind that CareCredit—and other similar healthcare credit card companies—are in business to make a profit.
Does Humana have a credit card?
A while back, a variety of well-known lenders and healthcare companies—including GE Capital, JPMorgan Chase, Citigroup, Capital One, UnitedHealth Group, and Humana—launched credit cards designed to help pay for the high costs of healthcare. Though many of these firms have since stopped participating in the program, revolving credit lines for use to cover healthcare costs are still available to consumers.
What is a Visa and MasterCard?
Visa and MasterCard are the two largest payment processing networks in the world. Visa and MasterCard do not issue cards directly to the public, as do Discover and American Express, but rather through member financial institutions. Member banks and credit unions issue Visa and Mastercard credit and debit cards directly to their customers ...
How are Visa and Mastercard similar?
The business models of both companies are very similar. Visa and Mastercard do not issue cards directly to the public but rather through partner member financial institutions such as banks and credit unions. The member financial institution then issues cards for individuals and businesses, either directly or in partnership with airline, hotel, or retail brands.
How do Visa and Mastercard earn their revenue?
Both Visa and Mastercard earn the majority of their revenue from service and data processing fees , but the two companies characterize these fees differently and have their own fee structures. Service fees are charged to the issuer and based on card volume.
How much money does MasterCard make in 2019?
In 2019, MasterCard generated total revenue of $16.9 billion, with a payment volume of $6.5 trillion. 12 MasterCard’s core products include consumer credit, consumer debit, prepaid cards, and a commercial product business. MasterCard has one reportable business segment known as Payment Solutions which is broken out by geographies across U.S. and other.
How many debit cards do Americans have?
Most Americans today have at least one debit and credit card. 3 Many people have a number of them, seeking to take advantage of all the rewards, cash-back opportunities, and promotional benefits that issuers have to offer.
Which payment processors are the only?
Visa and Mastercard are the only network payment processors involved in all three areas of the payments market. Working exclusively as network processors, these two companies have a unique edge, but they operate differently.
What is the role of credit card issuer?
For credit cards, the issuing bank is responsible for underwriting, interest rate structuring, and the full development of reward programs. Card issuers can also offer other perks such as identity theft and fraud protection, car rental insurance, or business purchase discounts.
