Credit Building Tips

What Credit Score Is Required For a CareCredit Credit Card?

Shaun Connell
February 18, 2023

CareCredit has this to say about itself,

"We do something very simple at CareCredit:
We help people get the care they want for themselves and their families."

The card is intended to be used to pay for healthcare expenses that aren't covered by insurance and works similarly to a standard credit card. The CareCredit card is issued by Synchrony Bank, one of the 10 largest credit card issuers in the States, and will show up on your credit report as "SynchronyBank/CareCredit."

Synchrony Financial is a consumer financial services company. Its company headquarters are in Stamford, CT, and it got its start in 1932, during the Great Depression. The company is the largest provider of private-label credit cards in the country.

Some of the brands and cards that have partnered with Synchrony include:

  • secured credit card
  • Lowe's store card
  • JCPenny Mastercard
  • JCPenny credit card
  • Chevron and Texaco credit card
  • The Gap credit card
  • Sam's Club credit card
  • Verizon credit card
  • Sleep Number credit card
  • Guitar Center credit card
  • Cathay Pacific credit card
  • Belk credit card
  • Rakuten credit card
  • Venmo credit card

Synchrony Bank uses all three major credit bureaus — Equifax, Experian, and TransUnion — to assess your creditworthiness. Their CareCredit credit card is "designed for your health and wellness needs" and lets you buy from 250,000+ healthcare providers in the U.S, including:

  • Health systems and hospitals
  • Labs and diagnostics
  • Primary care/clinics
  • Specialists
  • Medical equipment and supplies
  • Pharmacies
  • LASIK and vision care
  • Cosmetic
  • Dermatology procedures
  • Dentistry
  • Chiropractic
  • Hearing care
  • Sleep
  • Fitness
  • Spa
  • Weight loss
  • Animal/pet care
Solution iconLet's talk about the CareCredit card, how to apply, and what kind of credit score is required for eligibility.

How to Apply for a CareCredit Card

There's an easy and fast way to see if you prequalify for CareCredit:

  • You can either apply online, or you can call the company and talk to a live agent at 1-800-677-0718 anytime between 9:00 am to 9:00 pm Monday to Friday, EST. You can also call the same number to use their automated system 24/7.
  • While you can't apply via fax or email, you can apply in person at any of their healthcare providers and select retail locations.
  • You'll need to be at least 21 years old if you want to apply by phone, but you can apply online if you're at least 18 years old.
  • You'll get your first billing statement within 30 days of your first payment, which will set up your monthly billing cycle. If you feel your credit limit isn't enough, you can always contact a credit specialist at 1-866-893-7864. They'll help review your needs and see if you qualify for an increased credit limit.
  • There's no impact on your credit score when you "pre-apply," but if you prequalify and go on to apply for the card, your full application will trigger a hard inquiry, which will affect your credit rating.
Solution iconThe average credit card score you'll need to have in order to qualify for and register for a CareCredit card is at least 620. This credit score is considered "fair," and some people have even qualified for the card with a score of 600.

Considering that the two lowest possible credit score ranges are 300-570 (poor) and 580-669 (fair), the CareCredit is one that almost everyone has a shot at getting approved.

CareCredit Card Pre-Qualification

Other criteria that impact your chances of qualifying for the card include the following:

  • Income
  • Existing debt load
  • Number of open accounts
  • Recent credit inquiries
  • Employment status
  • Housing status

When applying for the CareCredit card, you'll need to supply your:

  • Name
  • Address
  • Date of birth
  • Social Security number or ITIN
  • Net income
  • Housing information
  • Bank account number and details

There's no annual fee if your application is accepted. The card's interest rate is 26.99%, and the minimum interest charge is $2.

Buyer Beware

Although the CareCredit card is a convenient way to pay medical bills and healthcare expenses, there are some downsides you need to be aware of. Remember how earlier in this post, we said, "The card is intended to be used to pay for healthcare expenses that aren't covered by insurance and works similarly to a standard credit card?"

Note iconSimilarly, this card is not the same as a credit card.

CareCredit doesn't calculate your payments in the same way as other credit cards do. According to their site, there are two common scenarios for "making payments using each of the promotional financing options available."

The first scenario is "No interest if paid in full within 6, 12, 18, or 24 months." That's for a promotional period on "qualifying" purchases over $200. You'll need to make minimum monthly payments, and if you don't pay the charge off in full within the promotional period time, you will be charged 26.99% interest on the remaining balance.

CareCredit No Interest Promotion

If, for example, you make a purchase of $874.00 on a 12-month interest-free promotional period, in order to avoid paying interest, you will need to make sure that you pay at least $72.83 each month. That way, your account balance at the end of the 12-month period will be $0.

If you simply make the minimum monthly payment of $14.00, you'll be left with $706.00 owing and will now be charged 24.99% interest on this remaining balance until it is paid in full.

And that's just for this single purchase.

Purchases of $1,000 or more may be eligible for a 24-month period with a lower interest rate of 14.90%, a 36-month period at 15.90%, or a 48-month period at 16.9%. Purchases of $2,500 or more could be eligible for a 60-month period with a 17.9% APR.

The "deferred interest/no interest if paid in full" promotional offers only apply if you pay the entire balance in full by the end of the promotional period. Many people get caught in a trap of mistakenly thinking they won't need to pay any interest as long as they continue to make the minimum monthly payments.

How to Pay a Doctor or Provider with Your CareCredit Card

You can pay online for a medical visit by searching for your doctor or healthcare provider by name. This can be the provider's office or a billing address on their invoice.

Enter the city or zip where you received treatment as well the type of service from the drop-down menu of provided professions:

  • Animal/pet care
  • Cosmetic
  • Dental
  • Hearing
  • Labs and diagnostics
  • Medical equipment
  • Primary care
  • Sleep
  • Specialists
  • Surgery
  • Vision
  • Weight loss

The site will search for your provider and ask you for your payment details and CareCredit account. You'll also need to provide the outstanding balance due, an invoice number or patient id, and the date of service. Prompts will move you through the process.

CareCredit Card Doctor or Provider Payment

Once you review the information you've submitted, you'll get a confirmation email, as will your provider. Within two business days, the transaction should appear on your CareCredit account.

The company has set up limits on how much you can pay and how often you can pay a specific provider within a specific timeframe. If you pay more than the accepted limit, you'll see an error message on your screen.

Not every medical clinic or doctor will accept the CareCredit card. Only providers who have registered with the company will accept your card. If you can't find your provider, you can refer them to join CareCredit.

How to Use Your CareCredit Card at a Store

If you're using your CareCredit card to pay for goods at one of their partner retail stores, you can simply use it the same way you'd use a credit or debit card.

Using a CareCredit Card

The CareCredit card is accepted at major retail stores like:

  • Walgreens and Duane Reade — all items except for:
    • Lottery tickets
    • Gift cards/reloads
    • Alcohol
    • Tobacco
  • Walmart items including:
    • Pharmacy
      • Prescriptions
      • Deductible and co-pays
      • Prescription pet medication
      • Diabetic supplies
    • Over-the-counter
      • First aid
      • Vitamins
      • Cold/allergy medicine
      • Allergy relief
      • Asthma
      • Blood pressure monitors
      • Cough, cold, flu medicine
      • Digestive health
      • Ear and hearing care
      • Family planning
      • First aid
      • Hot and cold therapy
      • Lip care
      • Pain relievers
      • Probiotics
      • Sleep and snoring aids
      • Stop smoking
      • Thermometers
      • Vitamins and supplements
    • Baby essentials
      • Diapers
      • Formula
      • Car Seats
      • Teethers
      • Thermometers
      • Baby books and baby toys
      • Activity mats
      • Baby bath
      • Baby food
      • Baby lotion
      • Baby powder
      • Baby shampoo, conditioner
      • Baby wipes
      • Car seats
      • Diaper rash
      • Diapers
      • Infant apparel
      • Nursing accessories
      • Strollers
      • Teething lotions
    • Optical/vision
      • Lenses
      • Frames
      • Reading glasses
      • Sunglasses
      • Contact exam
      • Contact lens cases
      • Contact lens solution
      • Contact lenses
      • Eye drops
      • Eye glass exam
      • Lens cleaner
      • Lens wipes
    • Health and beauty aids
      • Personal care
        • Body moisturizers
        • Body wash
        • Bar soaps
        • Deodorant and antiperspirant
        • Body powder
        • Body hair removal
        • Hand soap
        • Hand sanitizers
        • Feminine care
        • Incontinence
      • Dental care
        • Toothbrushes
        • Toothpaste
        • Mouthwash
        • Water flossers
        • Dental floss and picks
        • Teeth whitening
        • Denture care
      • Shaving
        • Electric shavers
        • Trimmers and clippers
        • Razors
        • Razor cartridges
        • Shaving cream and gels
        • Beard care
      • Hair care and hair tools
        • Shampoo
        • Conditioner
      • Walmart Health Centers
        • Medical primary and urgent care
        • Dental services
        • Behavioral health
        • Labs and immunizations
      • Pet supplies
        • Food and treats
        • Feeding accessories
        • Toys
        • Flea and tick
        • Collars and leashes
        • Crates and beds
        • Accessories
  • Sam's Club
    • Pharmacy
      • Prescriptions
      • Deductibles and co-pays
      • Prescription pet medication
      • Diabetic Insulin
      • Diabetic Lancets
      • Diabetic Meters
      • Diabetic Strips
    • Over-the-counter healthcare
      • First aid
      • Vitamins
      • Cold/allergy medicine
      • Allergy and Sinus
      • Analgesics
      • Antacids
      • Aromatherapy
      • Blood Pressure monitors
      • Cough, Cold, and Flu
      • Eye Care
      • Family Planning
      • First Aid
      • Footcare
      • Joint Care
      • Laxatives
      • Lift Chairs
      • Pet OTC
      • Smoking Cessation Aids
      • Syringes
      • Thermometers
    • Over-the-counter vitamins and supplements
      • CoQ10 supplements
      • Energy supplements
      • GNC products
      • Herbal supplements
      • Letter vitamins
      • Minerals
      • Multi-vitamins
      • Omega oils
    • Over-the-counter diet, nutrition, and protein
      • Diet bars
      • Diet drinks and powders
      • Diet pills
      • Nutrition bars
      • Protein drinks and powders
    • Baby essentials
      • Diapers
      • Training pants
      • Baby wipes
      • Formula
      • Pediatric nutrition
      • Baby hygiene
      • Car seats
      • Teethers
      • Thermometers
      • Baby books and baby toys
      • Furniture
      • Nursing/feeding accessories
      • Play and discovery accessories
      • Care and safety accessories
    • Optical/vision
      • Contact exam
      • Contact lens cases
      • Contact lens solution
      • Contact lenses
      • Eye drops
      • Eye glass exam
      • Lens cleaner
      • Lens wipes
      • Prescription eyewear and sunglasses
      • Reading glasses
    • Hearing
      • Hearing Centers
      • Hearing Aid Batteries
      • Custom Hearing Aids
      • Extended Warranties
      • Sound Amplification
    • Beauty aids
      • Hair care
      • Hair styling
      • Shaving products
      • Skin care
      • Sun care
    • Personal care
      • Adult incontinence
      • Bar soap
      • Bodywash
      • Clippers and accessories
      • Cotton swabs
      • Dentures
      • Deodorant
      • Face care
      • Feminine protection
      • Hair regrowth
      • Liquid soap
      • Mouthwash
      • Toothbrushes
      • Toothpaste
    • Pet Supplies
      • Food and treats
      • Feeding accessories
      • Toys
      • Fleas and ticks
      • Collars and leashes
      • Crates and beds
      • Accessories

Make a Payment for Your CareCredit Card

CareCredit lets you pay your card statement in several ways. You can:

  • Call customer service at 1-866-893-7864, Monday through Sunday, from 8:00 am to midnight EST.
  • Mail your payment to Synchrony Bank, P.O. Box 960061, Orlando, FL 32896, or overnight mail to Synchrony Bank, 140 Wekiva Springs Road, Longwood, FL 32779.
  • Send a bank transfer via ACH Transfer — register here.
  • Send a bank wire via Western Union — code: LOW, state: OHIO.
  • Make a guest payment by entering your card number, the last four digits of your Social Security number, and your zip code. Once you tick the Captcha box, you'll be able to find your account.
  • Download the CareCredit app to "access your digital account, pay your bill, find enrolled providers and businesses that accept CareCredit, set alerts, and pay your provider invoice." Download the IOS app at the Apple Store or the Android app on Google Play.

If you worry your payment may be late, call the office at 1-866-893-7867 before the payment due date, as Synchrony may be able to offer you choices that fit your needs.

Person Making a Credit Card Payment

The best way to make a CareCredit card work for you is the same as the best way to make any credit card work. Pay your statement balance in full — every single time, and you'll not only maintain your credit rating, but you'll also improve it!

Think about paying at least half if you can't pay the full balance. If that's simply not possible, pay as much as you can. Make sure you pay at least the required minimum monthly payment on time. If you miss the payment date, you'll be charged late fees of up to $41 plus interest on the unpaid balance.

If you can only make a minimum payment every month, it will take a long time to pay off your debt, and you will inevitably waste a lot of money on interest fees. This will also negatively affect your credit score.

Check your monthly statement as soon as it arrives in the mailbox or your inbox. It's good to make sure the statement aligns with the receipts you've collected over the month.

If you don't recognize some of the charges, you'll want to contact the company that issued the charge. If that doesn't clear up the mystery, contact the credit card company immediately.

You may be the victim of identity fraud. Or you may find out that you're still paying for a subscription you no longer use that still's taking automatic payment from your account.

Credit can be tremendously helpful in today's financial world, but only if you use it wisely and well. Having good credit is the best way to take advantage of lower interest rates and work towards qualifying for a future home mortgage or other major expense.

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Written By:
Shaun Connell
Shaun Connell is a personal finance and credit expert with a passion for helping individuals eliminate debt and improve their credit. He's enjoyed writing investing and financial content for over 15 years, with expertise in real estate, debt, banking, credit, and wealth building. His work has been seen by millions on the web.

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