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LAST UPDATED: March 25th, 2024

CareCredit, from Synchrony Financial, provides financing solutions for medical expenses in multiple industries. Founded in 1987, the company knows its way around healthcare financing and has an established network of 225,000 health providers and retail locations. 

CareCredit provides medical credit cards that can be used for multiple purposes, such as going to the dentist's office or a routine checkup for those who are low on cash. Card holders can use this medical credit card to pay for deductibles, copays, and prescriptions that aren't covered by insurance.

Continue reading for a complete review of CareCredit.

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The Good

  • Range of Services
  • Large Medical Provider Network
  • Easy Application Process
  • Authorized User Option
  • Promotional Financing Options
  • Account Management Tool
  • CareCredit Mobile App

Range of Services

The CareCredit credit card can be used as a payment option for out-of-pocket costs that aren't covered by medical insurance. CareCredit also provides special financing options that customers might not get with other cards, and helps patients pay for medical care that may exceed insurance coverage. The credit card can be used for a wide range of services:

  • Animal/pet card
  • Chiropractic
  • Cosmetic
  • Dentistry
  • Dermatology
  • Fitness
  • Hearing
  • Hospitals and surgical centers
  • Labs and diagnostics
  • Med equipment/supplies
  • Pharmacies/personal care
  • Primary care/clinics
  • Sleep
  • Spa
  • Specialists
  • Vision
  • Weight loss

Large Medical Provider Network

With a network of over 200,000 medical providers, patients have plenty of options to choose from when using their CareCredit credit card. This is very important, as members shouldn't feel limited to only a few options for their medical needs. CareCredit strives to have multiple network options for each customer so they can choose a provider best suited to their needs. Members can search for providers online with CareCredit's "Find a Doctor" tool - search by zip code, profession, or doctor name, gives members the options for their specific needs.

Easy Application Process

CareCredit makes applying for a card as simple as possible. Most people can feel very overwhelmed when it comes to healthcare financing. However, CareCredit helps with this stress. Simply apply online, and wait for credit approval. Once approved, you can begin using your CareCredit card immediately. CareCredit will then send you monthly statements, keeping you up to date on your transactions and account.

Authorized User Option

You can add an authorized user to your CareCredit account through through your online account or by calling the company's Customer Care Center.

Promotional Financing Options

CareCredit offers both short-term financing and long-term healthcare financing. A great benefit to using CareCredit for your healthcare financing needs is its promotional financing options, which give you more payment plan options to choose from. 

If you choose to make your payment in full within 6, 12, 18, or 24 months, you can select a payment plan with 0 percent interest. Otherwise, you can pay 14.9 percent APR until paid in full (equal fixed monthly payments required).

Account Management Tool

On the CareCredit website, the management tool can be used to make payments, review your account, see transactions, and update personal information all online. The company will mail you, or email you, monthly statements, but members can also see their account at any time online. 

In addition, CareCredit has a dedicated customer service number for cardholders and one for providers. 

CareCredit Mobile App

Another resource CareCredit provides is the CareCredit Mobile App. Members can pay bills and view all necessary healthcare financing information from the palm of their hand. 

The mobile app is currently available for both iOS and Android users.

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The Bad

  • No Rate Ranges
  • Not Accepted by all Healthcare Providers

No Rate Ranges

CareCredit has set rates for certain purchase amounts. While this provides predictability, there is no option to lower your rate based on your credit score and payment responsibility. CareCredit's rates are as follows:

  • Purchases of $1,000 or more — 24 months offer with a 14.90% APR, 36 months offer with a 15.90% APR, or 48 months offer with a 16.90% APR
  • Purchases of $2,500 or more — 60 months offer with a 17.90% APR

If you don't pay off debt during the introductory, promotional period, you could get hit with higher interest rates.

Not Accepted by all Healthcare Providers

While CareCredit does have a large network, the CareCredit credit card is not accepted by all healthcare providers. Therefore, it is important to ensure that your medical providers accept CareCredit before applying.

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The Bottom Line

CareCredit has a lot of experience in the healthcare lenders industry and has a lot of features that make patients' lives easier. CareCredit's simple application process and online portal makes it relatively easy for members to use. CareCredit works hard to make sure its customers can get the medical care they need as its medical credit card can be used for a broad range of services. 

Potential members should be aware that CareCredit isn't a finance company and only offers the healthcare credit card to those seeking help with their medical bills. If you are looking for medical assistance with dental expenses, vision, veterinary care, purchase of hearing aids, or cosmetic surgeries, CareCredit is a reputable choice.

View Best Healthcare Financing Companies

Currently, CareCredit reviews are limited. If you have used CareCredit's credit card for medical expenses, please tell us about your experience by leaving a review.

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Star Rating

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4.2

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31 Reviews

Review Breakdown

5 grade

55%

4 grade

10%

3 grade

6%

2 grade

10%

1 grade

19%

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Afua Orlando, FL

I have used Care Credit for over a decade. They used to be a great card for vet bills. If you have a promo balance and a non-promotional balance, upon making a payment, they divide the payment between the 2 balances however they want to. So, I used to be able to call and have them reapply my payment wherever I wanted, promo or to non-promo. For years, this was no problem. Recently, this has become a nightmare. They can no longer take simple directions without messing my account up over and over! Within the past few weeks, I asked that a simple payment be applied to my non-promo balance and I've had to call back 5 or more times to get them to stop sending my money here and there. I have spoken to 2 managers who couldn't seem to grasp my simple request. One quite rudely kept cutting me off. The latest mistake they have made is adding my payment to my balance instead of reducing my balance. So now my balances are higher instead of lower. I'm still fighting this one. Their interest rates are very high. This card is only a good value if it is used for promotional purchases offering a 6 or longer month, zero interest payback. I am looking hard for another card so I can get rid of this one. I would give one star, but I gave 2 stars; the 2nd one is for the years of good service

1 year ago

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Emma Morrill

Care credit is fine if you are able to pay off your procedure within a year. After that they tack on crazy high interest rates! I would not recommend using them but rather trying to get a loan from other companies or your bank.

10 months ago

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Amanda George IL

I applied for care credit and got denied and then applied again and got approved but they raised my interest rate from 18 percent to 32 percent. No way. Never again.

8 months ago