Applying for a CareCredit card is a simple process that can be done online or by phone. To apply online, visit the CareCredit Apply page, choose your healthcare category, and provide basic personal and financial information. You will receive immediate approval or rejection. The card offers a standard interest rate of 26.99% and a maximum credit limit of $25,000. For charges over $200, promotional no-interest periods are available, and for larger purchases, extended financing options with varying APRs are offered. For phone applications, call +1 (800) 677-0718, ensuring you have read the credit card account agreement beforehand.
How to Apply for a CareCredit Card
Visit the CareCredit Apply Page. Navigate to the CareCredit Apply page. Select your healthcare category from the drop-down menu. Click on "Get started."
Provide Basic Information. Enter your name, the last four digits of your social security number, and a valid mobile number. Click on "Continue."
Fill in Detailed Information. You will be redirected to a new page where you need to provide the estimated procedure amount, your full name, residential address, housing type, valid mobile number, email address, social security number, date of birth, and net monthly income.
Read Terms and Conditions. Before proceeding, carefully read CareCredit’s terms and conditions. Click on "See if I prequalify."
Receive Immediate Confirmation. You will receive immediate confirmation of whether your application has been approved or rejected. Note that currently, prequalification is only available online.
Confirm Prequalification Offer. If you are offered prequalification, confirm that you have read the terms and conditions, acknowledge the offer, and then submit your application.
Apply via Phone. If you prefer to apply via a call, you must be 21 years old and a resident of the United States. Read the credit card account agreement available online before calling. Then, call +1 (800) 677-0718 to apply.
Conditions
Purchase Interest Rate. The purchase interest rate for a CareCredit card is 32.99% for new cardholders.
Credit Limit. A CareCredit card has a maximum credit limit of $25,000.
No-Interest Promotional Periods. For charges of $200 or more, CareCredit offers promotional periods of six, 12, 18, and 24 months, depending on the provider. If you pay off your purchase within your promotional period, no interest will be charged.
Extended Financing Options. Purchases of $1,000 or more may be eligible for a 24-month offer with a 17.90% APR, a 36-month offer with an 18.90% APR, or a 48-month offer with a 19.90% APR. Purchases of $2,500 or more may be eligible for a 60-month offer with a 20.90% APR.
Requirements
Age and Residency Requirements. Residents of the United States aged 18 and older may apply online. Applicants who apply via phone must be at least 21 years old.
Application Process. CareCredit provides a simple application process where personally identifiable information is used to determine if candidates are prequalified for a credit card without affecting their credit scores.
Required Information. Basic information needed for the application includes name, date of birth, social security number, housing information, and net income.
Prequalification and Acceptance. Prequalification does not imply acceptance. It is an initial step to determine if an applicant meets the basic criteria without affecting their credit score. If an applicant meets the prequalification criteria, they can proceed to a more detailed application process that includes a hard credit check and other verifications.
Post-Approval. After being approved, new cardholders can choose from the available promotions offered by CareCredit.
Reasons for Rejection
Low Credit Score. Applicants with a low credit score may be rejected as CareCredit requires a minimum credit score for approval. Maintaining a good credit score is crucial for loan and credit card approvals.
High Debt-to-Income Ratio. If an applicant has a high level of debt compared to their income, it signals a risk to lenders, making them less likely to approve the application.
Insufficient Income. Applicants who do not meet the minimum income requirements may be rejected. CareCredit assesses whether applicants have sufficient income to manage new credit obligations.
Recent Negative Credit Events. Recent bankruptcies, foreclosures, or delinquent accounts can lead to an automatic rejection. These events indicate financial instability to lenders.
Incomplete or Inaccurate Application. Providing incomplete or inaccurate information on the application can lead to rejection. It's important to ensure that all information is accurate and complete before submitting the application.
How long does it take to get approved by CareCredit?
CareCredit lets applicants know right away if they've been approved, whether they apply online or through a customer service representative.
How trustworthy is CareCredit?
CareCredit is a division of Synchrony Financial, which is one of the largest private-label credit companies in the United States. Over 250,000 healthcare providers in the United States use the card.
Does CareCredit verify income?
Yes, because you must meet the credit score to be eligible based on your debt history and income information, CareCredit verifies your financial info.
Does CareCredit hurt your credit score?
Anyone can check if they qualify for a card through CareCredit, and doing so will not affect your credit score.
