Dental Credit Card and Dental Financing Options - CareCredit (2024)

FAQs

What credit score do you need for CareCredit dental? ›

The application process for CareCredit dental financing is completely confidential and takes less than ten minutes to complete. Many approved applicants have a minimum credit score of 540/560. You can also apply with a co-signer to improve the likelihood of being approved.

If you have good credit and a low debt-to-income ratio, the lender may approve you and offer you its most competitive rates. Even if you're approved, you aren't required to take the loan.

As long as you pay the entire balance within the promotional period you agree to, CareCredit won't charge accrued interest. This way, you can spread your payments over time and still avoid paying interest.

A CareCredit card has a maximum credit limit of $25,000. For charges of $200 or more, CareCredit offers "no-interest" promotional periods of six, 12, 18 and 24 months, depending on the provider. If you pay off your purchase within your promotional period, no interest will be charged.

High credit limits, combined with the ease with which CareCredit cards can be obtained, mean that they can be a good way for people with a poor credit history to pay for medical bills. Be warned, though, that CareCredit cards can be expensive if you aren't able to make your repayments on time.

The credit score you need for the CareCredit Credit Card is 640 or better. That means people with at least fair credit have a shot at getting approved for this card.

You will get the prequalification decision within seconds and, if you prequalify, you can apply right away, with confidence. If you are approved, you will either be approved for the CareCredit credit card or the CareCredit Rewards Mastercard.

If approved, patients and clients can use CareCredit immediately to pay for treatment, deductibles, copays and coinsurance, as well as other costs not covered by standard insurance.

Plus, it's quick and there's no impact to your credit score to check if you prequalify. If you receive an offer of credit and apply, there will be a hard inquiry on your credit report which may impact your credit score.

What bills can you pay with CareCredit? ›

With shorter-term financing options of 6, 12, 18 or 24 months minimum monthly payments are required, and no interest is charged on purchases of $200 or more when your patients or clients pay the full amount due by the end of the promotional period. If they do not, interest is charged from the original purchase date.

Alphaeon has a special focus on eye and vision procedures. CareCredit covers a wider range of health-related expenses and can even be used at pharmacies like Walgreens for certain purchases. For both cards, you can learn if you pre-qualify by completing an on-line application from home.

The CareCredit Credit Card may offer an automatic credit limit increase if issuer's regular review of your account shows a history of on-time payments and low debt.

The CareCredit Credit Card minimum payment is $29 or 3.25% of the new balance – whichever is higher. More specifically, the CareCredit Credit Card minimum payment is the greater of: $29. 3.25% of the new balance shown on your billing statement.

To qualify for the CareCredit credit card, you need a credit score of 640 or more, which is in the fair credit score range for FICO®.

Typically, standard lenders require a minimum score of 640 for approval, but subprime lenders take a deeper look at a patient's history beyond their credit score.