Carecredit or another Credit card

[CS800]

I noticed that the standard APR is about 26%.

The promos gets you 0% for 12 or 15 months. Am i better off getting lets say a Citi TY preferred that gives me rewards and 18 month at 0% (got the promo by mail)

Have to put about $5K for medical expenses on this card.

Any feedback much appreciated.

[ACsteel]

0% APR for 12 - 15 months is good (especially if 15 months), also pay attention to the transfer fees, they may range from 1% - 3%, ofcourse the lower the better. Rewards is always better since you want a card that you will keep around possibly after you're done paying it off. Also keep in mind that you don't want to max the card out with a balance transfer, so in your case you may want to calculate if it's possible for you to get at least a 10K limit from the Citi group. Good luck.

[coldnmn]

You can finance up to 18 months depending on provider at zero %. They also offer up to 48 month financing at 14.9% but that carries no zero % promotion. At CareCredit.

[CS800]

I think we're going to bite the bullet and try the CITI TYP.  At least, we could use this card everywhere also.

[user5387]

It's worth noting that CareCredit uses deferred interest -- if the balance is not paid in full during the promotional period, then the APRs are applied retroactively.

This is different than a CC promotion with a 0% purchase rate for X months.

http://www.carecredit.com/cardholder/financing_options.html

[Creditaddict]

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@CS800 wrote:

I noticed that the standard APR is about 26%.

The promos gets you 0% for 12 or 15 months. Am i better off getting lets say a Citi TY preferred that gives me rewards and 18 month at 0% (got the promo by mail)

Have to put about $5K for medical expenses on this card.

Any feedback much appreciated.

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You have to ask the specific doctor what 0% they offer, it ranges from 6-24 months or 36/48 at a fixed rate I believe but recently the emergency vet we went to ONLY offered 6 months regardless of dollar amount... they said it was extrememly expensive for them to give the 0%.

[coldnmn]

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@CS800 wrote:

I think we're going to bite the bullet and try the CITI TYP.  At least, we could use this card everywhere also.

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Good choice and good luck!

[kroberts67]

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@user5387 wrote:

It's worth noting that CareCredit uses deferred interest -- if the balance is not paid in full during the promotional period, then the APRs are applied retroactively.

This is different than a CC promotion with a 0% purchase rate for X months.

http://www.carecredit.com/cardholder/financing_options.html

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If the balance isn't fully paid off by the 18 mos, I'm thinking you can bal trasfer to another 0% card, is that right?

[Creditaddict]

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@kroberts67 wrote:

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@user5387 wrote:

It's worth noting that CareCredit uses deferred interest -- if the balance is not paid in full during the promotional period, then the APRs are applied retroactively.

This is different than a CC promotion with a 0% purchase rate for X months.

http://www.carecredit.com/cardholder/financing_options.html

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If the balance isn't fully paid off by the 18 mos, I'm thinking you can bal trasfer to another 0% card, is that right?

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yes just have to have complete balance paid before the end of the 0%

[user5387]

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@kroberts67 wrote:

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@user5387 wrote:

It's worth noting that CareCredit uses deferred interest -- if the balance is not paid in full during the promotional period, then the APRs are applied retroactively.

This is different than a CC promotion with a 0% purchase rate for X months.

http://www.carecredit.com/cardholder/financing_options.html

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If the balance isn't fully paid off by the 18 mos, I'm thinking you can bal trasfer to another 0% card, is that right?

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Deferred interest is retroactive -- it doesn't just start applying after X months.  You might be able to BT, but you'd owe back interest from the purchase date.

The CareCredit link says this specifically.