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  CareCredit

CareCredit

in Personal Credit Cards from Synchrony Bank

Claimed

CareCredit

Claimed

in Personal Credit Cards from Synchrony Bank

SuperMoney Net Recommendation Score +10

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +10, equating to 3.2 on a 5 point rating scale.

+10

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly recommended

5 users recommend
1 user is unsure
4 users don't recommend
Browse Reviews: 5 Recommendations | 4 Complaints
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Highlights
Community Rating Mostly recommended
Purchase APR  (Variable APR) 26.99%
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 560 - 750
Annual Fee $0
Number of Reviews 10

CareCredit Review

CareCredit is a credit card issued by Synchrony Bank. If you're wondering whether CareCredit is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 26.99%
  • No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
  • Accepts cosigners. Synchrony Bank is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
  • Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have good approval odds.
CareCredit Pros & Cons
The Good The Bad
  • No annual fee.
  • Considers applicants with fair or poor credit.
  • CareCredit reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
CareCredit FAQ

Is there a CareCredit cash back or rewards program?

No, CareCredit does not offer a rewards program.

What are the relevant APRs for CareCredit?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. CareCredit has higher than average purchase APRs.

CareCredit has a variable purchase APR of 26.99%.

Does CareCredit have an introductory APR offer on balance transfers?

No, CareCredit does not come with an introductory APR offer for balance transfers.

Does CareCredit have an introductory APR offer on new purchases?

CareCredit does not offer an introductory rate on new purchases.

What are the fees for CareCredit?

The following fees apply to CareCredit:

CareCredit Fees
Fees Amount
Annual Fee $0
Late Payment Fee up to $40

Does CareCredit report your account activity to credit bureaus?

Yes, CareCredit reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion
  • Innovis

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for CareCredit

  • Visit the CareCredit website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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6 Reviews

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Annual Fee
Annual Fee $0
No Interest Grace Period for Late Payment 23 days
Minimum Interest Charge $2
Late Fee Amount Up to $40
Customer Type Personal
Minimum Age 18
Co-signing Allowed
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 560 - 750
Credit Bureau Reporting
  • Equifax
  • Experian
  • Innovis
  • TransUnion
Rewards Type No Rewards
Balance Computation daily balance
Purchase APR (Variable APR) 26.99%

CareCredit Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +10, equating to 3.2 on a 5 point rating scale.

+10

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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