CareCredit credit card Review: Rewards, Fees & Benefits

Rewards

Category	Rate	Type	Cap
All Purchases CareCredit is a deferred-interest promotional financing product issued by Synchrony Bank for healthcare and wellness expenses at participating providers and does not earn rewards, points, miles, or cash back on purchases.	0x	Cash Back	No cap

Benefits & Protections

Benefit	Category	Value / Coverage
Mobile App for Account Management Access and manage your CareCredit account conveniently through a dedicated mobile application.	Account Management	Mobile app access
Online Account Access Cardholders can manage their CareCredit account online, including viewing statements, making payments, and updating personal information.	Account Management	Online access
No Annual Fee There is no annual fee associated with the CareCredit credit card.	Cost Savings	$0 annual fee Up to $0
No Interest Promotional Financing Cardholders can receive no interest if the promotional purchase amount of $200 or more is paid in full within the specified promotional period (6, 12, 18, or 24 months). Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within the promotional period. Minimum monthly payments are required.	Financing	6, 12, 18, or 24 months no interest on purchases of $200+
Reduced APR Fixed Monthly Payment Financing Cardholders can receive a reduced APR and fixed monthly payments for 24, 36, 48, or 60 months on purchases of $1,000 or more.	Financing	Reduced APR and fixed monthly payments for 24, 36, 48, or 60 months on purchases of $1,000+
Extensive Provider Network Acceptance The CareCredit card is accepted at over 250,000 enrolled healthcare provider locations nationwide across various specialties including dental, vision, veterinary, cosmetic, and hearing.	Healthcare Access	Over 250,000 provider locations
Provider Locator Tool Cardholders can use CareCredit's online tool or mobile app to find enrolled healthcare providers in their area who accept the CareCredit card.	Healthcare Access	Access to provider search tool
Direct Provider Payment Cardholders can use their CareCredit card to pay their healthcare providers directly at the time of service.	Payment Convenience	Direct payment to providers
Revolving Line of Credit for Healthcare Provides a dedicated, revolving line of credit specifically for healthcare expenses, allowing cardholders to use it repeatedly for various medical, dental, and wellness needs.	Payment Flexibility	Reusable credit line

Interest Rates

Purchase APR29.99% Variable

Cash Advance APR29.99%

Min. Interest Charge$2

Deferred Interest Warning: Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within the promotional period. Minimum monthly payments required. See your sales slip or other documents for the specific terms of your promotional financing plan.

Fees

Annual Fee $0 — No Annual Fee

Authorized User FeeFree

Foreign Transaction FeeNone

Cash Advance FeeEither $10 or 5% of the amount of each cash advance, whichever is greater.

Late Payment FeeUp to $41

Returned Payment FeeUp to $41

Approval & Eligibility

580 Recommended minimum FICO · Range 580–669

300 Poor580 Fair 670 Good740 Very Good 800+ Exceptional

Approval DifficultyModerate

Credit ProfileFair

Approval OddsGood

Decision TimeInstant

Pre-QualificationAvailable (no hard pull)

Student EligibleYes

Co-ApplicantAllowed

Business EligibleNo

Issuer Rules & Restrictions

Maximum Cards per Issuer

You can hold up to 7 cards from this issuer simultaneously.

Shutdown Risk Triggers

High cumulative credit limit across all Synchrony accounts, inactivity on the card, missed payments, default on promotional financing terms (e.g., not paying off 0% APR balances), or suspected fraudulent activity.

Cliff Effect Rules

Synchrony does not have strict 'card family' or 'X/24' rules like some other issuers. However, obtaining multiple Synchrony cards contributes to your overall credit exposure with the issuer, which can impact future approval odds or assigned credit limits for new Synchrony products.

International Friendly

May have limitations for international use.

Additional Issuer Rules

CareCredit is a healthcare financing credit card issued by Synchrony. Eligibility requires applicants to be 18 years of age or older, possess a valid government-issued photo ID, have a valid U.S. street address and phone number, provide a Social Security Number or ITIN, and demonstrate a verifiable source of income. Approval is contingent upon creditworthiness. The primary benefit is promotional financing on eligible healthcare purchases, typically offering 0% APR for 6, 12, 18, or 24 months if the balance is paid in full by the end of the promotional period. If the balance is not paid in full, interest is charged from the original purchase date. Longer-term financing options (e.g., 24, 36, 48, 60 months) with reduced APRs are also available for larger purchases. There are no traditional sign-up bonuses or minimum spend requirements for a bonus.

Military & Hardship

MLA Compliant

Complies with the Military Lending Act (36% APR cap for active duty servicemembers).

SCRA Benefits

Synchrony Bank complies with SCRA, offering eligible servicemembers benefits like a 6% interest rate cap on pre-service obligations and protection from default judgments.

Hardship Program

Hardship program available.

CareCredit credit card