What will you do if you don’t have all the cash up front for the medical payment? Well If your insurance won’t cover your medical procedure in full, CareCredit can help spread out your payments. The company has agreements with a wide range of healthcare providers that accept its private-label credit cards. It offers a fixed monthly payment plan instead of an open-ended payoff date, so you can pay off your debt over a set period of six months to 60 months. But CareCredit pay off as a guest seems complicated to many users. This is why this article can be a useful read for you.

How Can I Pay For My CareCredit Card As A Guest

Paying your CareCredit card comes with several options. The most convenient way to pay as a guest for your CareCredit Credit Card is either through your online account or through the CareCredit mobile app. You may also pay by telephone by calling (866) 893-7864, via mail, or by Western Union. Here are the payment options details:

  • Online: Visit the “Payments” section of your account and tap on “Pay My Healthcare Bill.”
  • Mobile app: Paying with the CareCredit app is also possible on iOS and Android devices. Using the mobile app is similar to making a payment online.
  • Over the phone: If you would like to make a payment over the phone, please contact customer service at (866) 893-7864 and follow the instructions.
  • By mail: In order to mail a payment, send a check or money order (not cash) to the following address:
    • Synchrony Bank, PO Box 960061, Orlando, FL 32896.
    • Overnight mail, Synchrony Bank, 140 Wekiva Springs Road, Longwood, FL 32779
  • Via Western Union: In addition, you may send a payment through Western Union (code: LOW, state: OHIO). The receipt of payments sent via regular mail can take a considerable amount of time. You should always make your payments at least seven to ten days in advance of your due date in order to avoid being late.

It is necessary for CareCredit to locate your account in order to process your payment. If you do not have a CareCredit account and would like to pay with a CareCredit Credit Card as a Guest, you can visit: “mychart.mercyhealthsystem.org/MyChart/Authentication/Login” to apply. Moreover, you can pay by logging in to: “consumercenter.mysynchrony.com/mobilewebpay”. For the easy and convenient ‘Pay as Guest’ option, you will need to provide the following information:

  • Card Number 
  • The last 4 digits of the SSN and
  • ZIP code.

What are CareCredit payment options

The main thing that makes CareCredit so popular is its special financing options. There are short-term promotions that offer zero interest, while long-term promotions offer a lower APR than the standard 29.99% – an APR that’s higher than that of even the best rewards cards. If you want to avoid deferred interest charges, you have to pay off the whole balance during the promo period. When applying for the card, the cardholder does not have to select a promotional offer. Healthcare providers don’t all offer the same promotional options, so check
with them before you apply.

Short-Term Financing Options

CareCredit offers no-interest financing for 6, 12, 18, or 24 months. During the promotional period, the balance should be paid off so you don’t pay interest. Credit cards with 0% introductory APRs will charge you interest if you don’t pay the balance in full rather than from the promotional period.

Long-Term Financing Options

Compared to a standard purchase APR, CareCredit’s long-term options come with lower interest rates. You can get reduced APRs and fixed monthly payments for 24, 36, 48, or 60 months.

Purchases of $1,000 or more may qualify for 24 months at 14.90% APR, 36 months at 15.90% APR, and 48 months at 16.90% APR. And the purchases of $2,500 or more are eligible for 60 months at 17.90% APR.

Using CareCredit’s long-term plans, you can pay off your balance by the end of the term with fixed monthly payments. It’s important to keep in mind that these APRs are high and that there are lots of standard credit cards with lower APRs. Even though everyone doesn’t have the same financing options, we recommend exploring every option you have. Consider your options before signing up to risk high APRs, especially non-credit card lines of credit.

How To Avoid Paying Higher Interest

While CareCredit can appear like an ideal solution for medical expenses, remember that the minimum monthly payments during a promotional period may not cover the entire balance. Instead, if you apply for and use CareCredit, divide the total balance by the promotional period’s number of months to determine their minimum monthly payment. CareCredit’s minimum payments may result in a remaining balance at the end of the term that may result in hefty interest charges.

Suppose a cardholder has a single large balance of $1,800 over a six-month interest-free period. In order to avoid paying interest, the cardholder should make equal monthly payments of at least $300.

If you need short-term financing, you may choose to make CareCredit’s minimum monthly payments, repaying the remaining balance at the end of the month. There is a risk associated with this method – you may not have sufficient funds to pay off the balance before the bank charges interest.

How Is CareCredit Different from A Regular Credit Card

CareCredit is a credit card that is exclusively designed for the purpose of promoting health and wellness. In other words, you cannot use it anywhere or for anything. It is used to pay for medical care at a variety of hospitals, veterinary clinics, dental centers, and specialty retail pharmacies and retailers related to healthcare. Approximately 250,000 providers are listed by the company.

In comparison to regular credit cards, the financing terms of this card tend to be different. The loan works as a short-term or long-term loan instead of an ongoing credit line with interest charges. When you don’t pay the full balance by the end of the promotional period, you will accrue interest retroactively.

Which Healthcare Services Does CareCredit Offer

With the CareCredit Card, you can pay for health care and wellness services at providers that have enrolled in CareCredit. The CareCredit Card is accepted by lots of places, but not all doctors accept it. Find out which providers in your area accept the CareCredit Card if you’re anticipating medical expenses you’d like to finance. This list includes, but is not limited to, the following providers:

  • A hospital, a surgical center, a medical imaging center, and a laboratory.
  • Pharmacies, medical equipment, and supplies.
  • Specialists in medicine, dentistry, optics, dermatology, and cosmetic surgery.
  • Veterinary care for routine and emergency situations.
  • Spa treatments and fitness equipment.

Frequently Asked Questions

Do all medical providers accept CareCredit?

There are more than 225,000 providers who accept its financing. This network won’t help you much if your favorite provider doesn’t accept this card. That means all medical providers don’t accept CareCredit. If you’re wondering if your provider accepts CareCredit, check the CareCredit website. It’s easy to sort by practice name, location, or specialty.

What is the CareCredit Limit

Your credit history determines the credit limit on CareCredit. With a good credit score, you can get a credit limit of $25,000 with these cards. You’ll have to pay a lot if you can’t make your payments on time with CareCredit cards. Due to their high credit limits and ease of getting them, CareCredit cards can be a good choice for those with bad credit.

Is there any Annual Fee for CareCredit?

No. In the event that you miss a payment, you will be charged a late fee. For certain purchases, CareCredit also offers an interest-free option. If you wish to pay off your purchase over an extended period of time, you may also choose promotional financing.