They are a tricky card to use! I've never had a problem with them, but lots of people have. Pay careful attention to promo ending dates. If you go over the 6 months promo financing, ALL the financing that was accrued from the beginning gets put on the account. Make sure your last payment is paid early. I don't think they are very picky, my husband got one when he was just building credit and it was his highest limit for a long time.
I've found them helpful for veterinary emergencies. My old dog just ran up $300 at the vet with a particularly stubborn ear infection. But I'll pay it off well before I owe interest on it. Granted, lot's of cards offer 0% on introductory purchases that are really 0% with no tricky accrual. At my vet though, anytime you spend over $199 with carecredit it's 6 months at 0%. It's easy for me to use and pay off before paying interest. Meh, I don't mind them at all. They are pretty generous with limits. I included them in bankruptcy and 5 years later have a $2000 limit with them without asking for a CLI.
I got mine a year ago shortly after BK13 discharge. No collections or baddies other than the 13 itself.
TU score was 630s... Requested $7500 because I didn't want to ever have to ask for a CLI... (It is GESynchronocreditlimitincrease after all and it would be a HP) and was approved.
I've used it for vet expenses and some dermatologist 0% stuff with a plan to use it for future dental work. It pads the UTI too.
@MoreRewards wrote:
This is good info you guys thanks.
If they pull TU not sure how well that will go. Last I knew low score & 6 collections.
I see some advantage to having it. I Didn't realize you could have possible 0% on future expenses.
I briefly glanced at the pamphlet. This is for dental work (dentist are mad expensive!) insurance covers 90% which still leaves $700. Looking at the chart it says they offer 12 months no intent $59 a month payment. I think he'd probably pay more than that anyway. I'm just paranoid about these no interest of paid in full by x amount of time sort of thing vs true no interest.
HISTORY:
My hearing aid cost $3,000 and of course that's all they gave me and i said no because then that would be maxing it out so suprisely they increased it to $5,500 with a soft pull. I paid it all off in 3 months instead of 36 ? in case i lost my job or something i liked that i could just pay $90 a month instead but wasn't necessary so once i paid it off i requested an increased and was given $12,000 with a hard pull. I figured it would help me obtain better credit. I left it alone and now 14 months later *sighs* they've slashed - $6,000 and wont reinstate it back to $12,000 without another hard inquiry.
I told them ''you already gave me a hard inquiry last time for $12,000. They made me so mad threatening to ruin my ratio right when i was about to start digging for credit limit increases just in time for black friday (best time to get it) so before they reported my credit limit decrease (while my score is still up) i went and hurry to get my other ''soft pull'' cards increased. They pissed me off. Telling me ''due to insuffficient use.'' I use it but not right now! ****Now i don't want to use it because i don't want another hard inquiry just to take advantage of their payment plans without going over 50% of my limit. I might as well just pay cash or pay 800% more than i have to pay each month like i did with the hearing aid. Useless.
in the mean time i've saved my ***
CARECREDIT $12,000 to $6,000
AMAZON $2,500 to $5,000
WALMART $3,500 to $5,000
PAYPAL EXTRAS $6,500 to $8,000
all on the same day 