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Regular Contributor
Posts: 210
Registered: ‎02-05-2012
0

Which card should be used for medical bills to get the best rewards or cashback?

Please advise~~~I have FIA 2% and Cap1 QS 1.5%.

Not sure whether there are cards which give more on medical bills.

Epic Contributor
Posts: 28,794
Registered: ‎10-23-2007
0

Re: Which card should be used for medical bills to get the best rewards or cashback?


GTT wrote:

Please advise~~~I have FIA 2% and Cap1 QS 1.5%.

Not sure whether there are cards which give more on medical bills.


nope

Valued Contributor
Posts: 1,794
Registered: ‎07-01-2010
0

Re: Which card should be used for medical bills to get the best rewards or cashback?

If carrying a balance, the rewards are moot.

 

If not, I don't know of anything above 2%.

 

CareCredit has deferred interest plans, where if you pay everything in a fixed time, you avoid interest.  If you don't, then the interest is retroactive.

 

Regular Contributor
Posts: 210
Registered: ‎02-05-2012
0

Re: Which card should be used for medical bills to get the best rewards or cashback?

Thanks.

I see there are cards for categories like Pharmacies, Utilities. Strange there is no one for Medi bills.

Moderator
Posts: 4,766
Registered: ‎12-18-2013
0

Re: Which card should be used for medical bills to get the best rewards or cashback?

Some travel cards can give you more than 2% in value, depending on how you use them.

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Valued Contributor
Posts: 2,049
Registered: ‎11-17-2012
0

Re: Which card should be used for medical bills to get the best rewards or cashback?

Depending on who does the processing for medical bills, some MAY be coded as a charity (like a non-profit hospital, doctors office, or clinic).

In that case, I believe us banks cash+ give 5% and Huntington bank gives 3% if you choose the charity as your category. Otherwise, go with a straight 2% cash back card. If you're a GM lover there's the GM card through capital one for 5% on first $5000 and 2% after, however the rewards can only be applied toward a new car. Like some other posters mentioned, if you have a favorite travel card that you know you can get more than 2x value per point on, may be a very useful venture!

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