A care card is an alternative term people often use to refer to the CareCredit Credit Card. The card offers several financing options to cover costly medical expenses that may take longer to pay off than normal credit card purchases.
The CareCredit Credit Card can be used at more than 250,000 healthcare providers in the U.S. You can also use this card to purchase pharmaceutical and health-related products at thousands of retailers and drugstore chains nationwide.
What the CareCredit Credit Card Offers
The CareCredit Credit Card offers a 0% APR period of 6, 12, 18 or 24 months for purchases of $200 or more. But that's deferred interest. If you fail to make minimum monthly payments along the way, or you don't pay off your full balance by the end of the 0% period, interest will be charged retroactively, from the original purchase date.
This credit card also has longer-term financing options with low fixed interest rates (rather than 0%) for purchases of $1,000 and up. Those have payoff periods of 24 or 60 months.
Other Care Cards
Apart from the CareCredit Credit Card, there is the “Care Card,” offered by AmeriHealth Caritas, too. With this card, you get $25-$50 in the form of statement credit every time you complete a qualifying health screening. You can use this statement credit to save up to $100 each month on select wellness and everyday items at select merchants. Participate retailers include Walgreens, Rite Aid, and Walmart.
The term “care card” is also used for various medical credit cards that many healthcare professionals offer to their patients. Usually, these cards only work for certain health care expenses and with specific types of medical providers, and they cannot be used for any other types of expenses.