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Valued Contributor
Posts: 1,278
Registered: ‎06-01-2007
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GEMB Care Credit

I was wondering if anyone knows the minimum score for approval for Care Credit.
 
I need to get some dental work done and would like to complete it all at once, unfortunately I don't have 15k laying around so my dentist suggest financing through them. I wanted to pay 6000 down and the rest in installments.
Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

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Valued Contributor
Posts: 1,451
Registered: ‎03-19-2008
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Re: GEMB Care Credit

Minimum approval must be pretty low, because my DH got it for me when I got my wisdom teeth out at the end of the year. It was great, because the procedure was really unexpected and one actually had an infection around it.
 
His scores were between 570-610 at that time. And the terms are AWESOME. 0% financing for 12 months, approved for like $1K.
 
BUT be careful... ONLY get this card as long as you intend to pay ON TIME ALL the time. If you pay under the minimum or pay late even ONCE, your rate jacks up to as high as 23-30%. There is NO GW for a single late payment or anything like that. They count on their customers not being able to uphold the terms and offer no forgiveness. I've read a lot of bad things about them, but all slated from the angle of very poor, uneducated consumers who couldn't pay off in time. Luckily we can totally handle this payment so we won't get screwed.
 
My minimum per month is like $28 or something, but I always pay $50.
Frequent Contributor
Posts: 353
Registered: ‎07-18-2007
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Re: GEMB Care Credit

I applied, got approved. During activation I requested for a higher limit and was granted. I think you need a very good reason for wanting a higher limit. But I think my score back then was mid 600's. So good luck.
Valued Contributor
Posts: 1,278
Registered: ‎06-01-2007
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Re: GEMB Care Credit

Anyone know who they pull?
Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

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Frequent Contributor
Posts: 352
Registered: ‎10-10-2007
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Re: GEMB Care Credit

[ Edited ]
if credit care handle by GEMB so i would say they pull from EQUIFAX,because i have 3 acc with them & all inq was thro EQUIFAX ,and i live in UTAH :smileyhappy:
GOOD LUCK TO YOU .


Message Edited by creditdream on 03-26-2008 11:34 AM
Frequent Contributor
Posts: 340
Registered: ‎02-29-2008
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Re: GEMB Care Credit

I tried for this and they turned me down. I think because I asked for too much and my BK still appears on my credit reports. Oh well, will have to work out another plan for the kids braces. GEMB doesn'tlike me too much I have a few of their cards with low CL.
Current FICO scores: Mid 500's (5/27/14)
Current FICO score: 590 (10/27/14
Cap One: QuickSilver ($750), Journey($500), CapOne ($500) Secured USSA-AMEX ($550), Secured Discover IT ($200), Target ($500), Merrick Bank ($600), Fingerhut ($660)
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Senior Contributor
Posts: 4,596
Registered: ‎09-14-2007
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Re: GEMB Care Credit

Care Credit is not frequently talked about here. I suggest you go to whogavemecredit.com to see who does. :smileyhappy:
"Never ever, ever be late. Never" (FUTR)
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
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Re: GEMB Care Credit

I thought GEMB is notorious for pulling TU.
Here we go again...
Senior Contributor
Posts: 4,596
Registered: ‎09-14-2007
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Re: GEMB Care Credit

I honestly don't know. That could very well be true.
"Never ever, ever be late. Never" (FUTR)
Moderator Emeritus
Posts: 6,794
Registered: ‎09-29-2007
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Re: GEMB Care Credit

[ Edited ]
CareCredit pulls EQ.
 
Regardless of scores, I wouldn't expect a $15K CL from them.  They don't (usually) go up that high for new cardholders.  When DF applied, the rep told her the most a new cardholder could get approved for was $6K.  (DF got $5.5K.)
 
Also, keep in mind that while their 0% financing terms are great, their policy is to charge retroactive interest if the 0% balance isn't paid in full by the time the promotional period ends.
 
So, if you were to finance $5K at 0% for 12 months, for example:
 
Pay late even once during that 12 months, and all accrued interest from the date of purchase is immediately added to your account and your 0% terms are cancelled (and jump into the 25-30% range).
 
At the end of that 12 months, if you haven't paid off the entire $5K balance, all accrued interest from the date of the purchase is added to your account immediately.
 
They do offer very good terms, but use them wisely!
 


Message Edited by cheddar on 03-26-2008 03:52 PM
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
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