How does care credit make sense !?

[Firefly_1984]

Another Care Credit card holder here... the plans they offer for paying down what I would never have been able to pay before are pretty reasonable. My insurance does not include dental, and I had to have a root canal. Its been long paid off, but it really is useful.

[Anonymous]

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@Anonymous wrote:

for those of us that are smart about credit then sure it's a affordable way into paying for medical stuff .... But in my area their is a big spanish population that could barelly read English or don't wish to read the fine print and then get trapped :/ that's all

. I known the ACA is as functional as the guy that signed it with 40 pens >sarcasm< .... 

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And do those people have Care Credit?  How did you arrive at the conclusion that Care Credit is another scam?  Enlighten us since you started this thread.

[Anonymous]

I would say dental is probably the most common reason people get it. Even with the best insurance, a lot is still not covered.

[Anonymous]

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@Anonymous wrote:
I would say dental is probably the most common reason people get it. Even with the best insurance, a lot is still not covered.

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ditto! and i really dont think its a scam at all considering its all zero percent most of the time. i hate when people call things scams that they dont even understand or read about. Also the 4k limit really helps out my utilization. 

[Anonymous]

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@Anonymous wrote:

It's a credit account to be used for medical expenses/Dr. Appts from what I see .... But isint that the whole point of the ACA so healthcare be "affordable" and you don't drown in debt so the dentist tells you , you need to floss ..... I have seen it at a couple of Doctors , how does it really work I must be confused , what if a person off BK needs the credit for a medical treatment ! Does he/she get denied because of bad credit ?! 

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Worked well for me. I had some expensive dental work ( crown after an implant) and applied for it. My dentist of 26 years told me he'd give me 6 months no interest if I didn't use the card. He wanted to avoid the cut they get.

Ended up not using it and they closed the account after about a year or so.

[OnTheRebound]

I hate Carecredit!! Big Scam!!! I used it to pay my $25 office visit copay expecting 6 months/0%. But no, they demanded payment in full!!! Crazy! 

Relax folks, I'm just joking!

Seriously, I love CareCredit. Back in Jan, 2014, my wife and I got new glasses for a total charge of $516.00. Now, for that amount I was expecting 6 mon/0%. But jeez, they gave me 18 months! Minimum payment is $25. Been paying $35 a month. $61.00 remaining and 2 more payments. This was a perfect opportunity to stretch it out as long as possible to keep the account active since we don't use it very often. Plus, I love free money.

[Anonymous]

to me it doesn't make any sense, because I think most hospitals, doctors and dentist will offer you no interest finance plan.

whenever I visit hospitals, I miss free health care in denmark. seeing a doctor or having surgeries will cost absolutely nothing, except medicines. but then again... you gotta pay 40-60% income tax and 25% sales tax... so there's that.

[bradlin]

Honestly I can't see why it isn't better to app a regular credit with an intro rate. I guess it is a bucket of credit you keep aside for healthcare expenses and it will be there for you even if you charged up your other cards. They also have a tendency to close the card for non-use so it doesn't work for a rainy day card because it may be closed when you need it.

[Anonymous]

Its like a credit card, basically like an apple rewards CC from barclays. it helps you finance whatever procedure you are doing.

[pipeguy]

Without getting into politics, the "affordable" care act is anything but for most people - average deductibles can run $6000 to $10,000 per year and after that a "gold" plan is nothing but the old 80/20 plan anyway. I happen to know a lot about the ACA because of my line of work, but I'll stay away from the pro/com of the ACA.

That being said, in addition to adult dental care Care Credit pays for Hearing Aids (easy $4000+) Lasik ($1000 to well over $6000 depending on the specs), Care Credit also pays for Vet Visits and no there is not an ACA for Fido.

Bsically you are given two options using Care Credit #1 zero interest if paid within a certain time frame (6-12 months are most common) if you don't pay in full, a high APR and all back interest gets you "big time". #2 a moderate interest rate say14.99 APR on a month by month basis until paid in full.

IMO Care Credit is a good tool for what it's designed, but like any credit product they make money by lending money - you agree to the terms, don't know how this could be considered a "ripoff".