What Credit Company Does Care Credit Use

Care Credit is an increasingly popular form of credit for medical bills. With a line of credit issued by the Synchrony Bank, the company offers patients flexible payment options and no-interest financing that can cover anything from doctor visits to major surgeries. But what credit company actually backs Care Credit?

When taking out a Care Credit card, the patient is actually entering into a line of credit with Synchrony Bank. Synchrony Bank is a well-established issuer of retail credit products and has been in the business since 1928. Synchrony Bank has a long history of offering financial services such as credit cards and loans, and they are the company that is officially responsible for issuing and servicing Care Credit cards.

Synchrony Bank is a public company listed on the New York Stock Exchange and is a subsidiary of Synchrony Financial. Synchrony Financial is a diversified financial services company with services ranging from consumer banking, to car loans and lines of credit.

When a person applies for Care Credit, they are essentially entering into a loan agreement with Synchrony Bank. Synchrony Bank will then set the terms and conditions of the loan, such as the interest rate, repayment period, and repayment schedule. The loan will be subject to the credit guidelines that have been established by Synchrony Bank.

When it comes to approving a Care Credit loan, Synchrony Bank will thoroughly evaluate the applicant’s credit report and make a final decision on whether or not to approve the loan. It is important to note that Care Credit does not guarantee approval; the final decision will always be up to Synchrony Bank.

Synchrony Bank has made it easy for people to obtain Care Credit loans. The company offers online applications, as well as mobile applications for those who prefer to apply for credit on the go. The company also has customer service representatives available 24/7, should customers ever need assistance.

When it comes to using Care Credit, the customer will be responsible for making the necessary payments to Synchrony Bank. If the payments are not made on time, the customer may incur late fees, as well as an increased interest rate. It is important to always keep in mind that missing payments on a Care Credit loan can have an impact on the customer’s credit score.

Interest Rates

When it comes to Care Credit interest rates, Synchrony Bank offers competitive rates. The company offers promotional periods with no interest on qualified purchases. During these promotional periods, the customer will not have to pay additional fees, as long as all payments are made on time.

Synchrony Bank also offers customers the opportunity to pay their Care Credit bill online. This makes it easy for customers to keep track of their payments and ensure that the payments are made on time.

In addition to offering great interest rates, Synchrony Bank also makes it easy for customers to manage their Care Credit account. Customers can view their balance and payment history online, as well as make payments and view their credit limit all from the comfort of their home.

Applying for Care Credit

Applying for Care Credit is easy. Customers can apply online or in-person at a bank or store. The application process will require the customer to provide basic information such as name, address, Social Security Number, employment information and income. Synchrony Bank will then use this information to make a decision on whether or not to approve the loan.

Once the customer has been approved for Care Credit, the card will be sent to them in the mail. The customer will then have access to the funds and can begin to pay for medical bills or other expenses. It is important to always make sure to make the payments on time, as this will ensure that the customer’s credit score is not negatively impacted.

Benefits of Care Credit

For those that need it, Care Credit is an invaluable tool for paying for medical bills. Not only does it provide a line of credit with no interest during promotional periods, but it can also be used to cover any medical expense a patient may have. And with Synchrony Bank’s easy to use online portal, customers can apply for Care Credit and manage their account quickly and easily.

In addition, Synchrony Bank offers customers the chance to earn rewards points on purchases made with the Care Credit card. Customers can earn bonus points that can be redeemed for gift cards, merchandise, and even cash back.

Discounts Available

Many medical providers now offer discounts to those that use Care Credit. These discounts vary from provider to provider, but they can be quite substantial, usually ranging from 10% to 25%. It is important to check with the individual provider to see what discounts are available.

For those that have expensive medical expenses, or have had them in the past, Care Credit is a great way to pay for your bills. With a line of credit provided by Synchrony Bank, and rewarding benefits and discounts, it is easy to see why Care Credit is becoming the choice of many to pay for their medical expenses.

Secured Cards

In addition to offering traditional Care Credit cards, Synchrony Bank also offers secured cards. These secured cards require customers to put down a security deposit before they can be approved. The security deposit will act as collateral should the customer default on their loan.

Secured Care Credit cards are beneficial for those that have poor credit or a limited credit history. Since the security deposit acts as collateral, it reduces the company’s risk and allows customers with poor credit to get a line of credit.

It is important to note that even secured Care Credit cards will still require the customer to make their payments on time. If the customer fails to make their payments, they may be hit with late fees and a higher interest rate.


Care Credit is a useful tool for those that need help paying for medical bills. With the backing of Synchrony Bank, Care Credit offers competitive interest rates, promotional periods with no interest on qualified purchases, and the chance to earn rewards points. The company also makes it easy to apply and manage your account with their online portal and 24/7 customer service.

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Marjorie Turcios is a seasoned leader and management expert with over 25 years of experience. She has held various leadership positions in private industry, government, and education. She is an advocate for creating win-win solutions and has worked to create successful, lasting change in corporations and organizations. Marjorie is an award-winning author of several books on leadership, mentoring and coaching, and effective communication skills. Her passion is to help others discover their potential and reach new heights in their professional life through her writings. Marjorie resides in Dallas, Texas where she enjoys spending time with her family, traveling to different places around the world, and speaking at conferences about her areas of expertise.

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