CareCredit is a GE Money company, which means you can trust us. All applications securely go through GE Money Bank. |
CareCredit is accepted by over 90,000 providers and is the nation’s leading patient financing program. |
While at your doctor’s office, select the plan that works best for your budget. |
 |
||
Using CareCredit Wisely.
CareCredit is a credit card and as with most credit cards, if you do not make your monthly payment on time or miss a payment, you will incur a much higher interest rate and fees. If you have not yet applied for CareCredit, you will see this high interest rate within the application. In order to make CareCredit successful for you and to avoid these high interest rates, it is essential you make your minimum monthly payment and pay off your balance by the agreed upon due date.
Here are a few tips to help you manage your credit card debt:
- Pay on time. To ensure you receive the rate and payoff terms of your approved payment plan, it is important to pay your required minimum monthly payment on time. It's a good idea to send in your payment a week before it's due, or pay online to make certain your payment arrives at CareCredit before its due date. If payments are late, you will be charged interest charges on the full amount of your plan.
- Never miss a payment. Missing a payment is the worst thing you can do for your credit rating and it means you'll pay the most fees and the highest interest. Missing payments can lead to more late fees and an increased interest rate.
- Pay more than the minimum. If you can't pay the full balance, pay half. If you can't pay half, pay something-but always more than the minimum. If you just pay the minimum it may take a long time to pay off your debt, and you'll pay lots of interest. If you find that you can never pay off what you've charged, re-evaluate your budget.
- Pay off your balance in full every month. If you can afford it, paying your full balance every month will help you stay out of longterm debt while getting the convenience of using a credit card.
- Check your monthly statement. Make sure your statement reflects what you purchased. If something shows up that looks unfamiliar, call your credit card company immediately.
- Maintain a low "Debt-to-Income Ratio." Make sure you only take on debt you know you can repay. If your level of debt gets too high, it can affect your credit rating. Lenders often look at the ratio of your overall debt to your income to see if you can pay your bills and still borrow.
