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Comparing health care credit options

Summary

Credit card issuers are offering a growing number of options for financing medical expenses. Use this table to compare and find the best deal.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Health care providers and card issuers are offering a growing number of options for financing medical expenses. Here is a list of some of the credit options and terms.

See alsoSpecial report: Do credit cards offer health care Rx?, 15 tips for paying high medical bills, Health care credit cards rise to fill insurance gap, CreditCards.com poll results: credit and health care costs, ‘MedFICO’ score: Good medicine or bad?No credit card, no medical service?, Blog: Americans worried about health careBankruptcies near record levels as economy sours, Study: 79 million struggling to pay medical bills and debt

Credit issuer (type)
Treatment coveredTerms, restrictionsInterest rateCredit limit, fees
CareCredit from GE Money

CareCredit from GE Money
(credit card)

Dental, vision, cosmetic, hearing, veterinary from approved provider list3 to 18 months with 3 percent minimum payment each month or fixed rate installment loan for up to 60 months; only accepted by GE Money medical providersZero percent if paid in full at end of term or 11.9 percent for fixed rate installment planCredit limit: $4,000 average

Late fee: $15 to $39

ChaseHealthAdvance
(installment loan)
Dental, orthodontic, vision, cosmetic, hair restoration from approved provider listThree, 6, 12, 18 or 24 months; fixed rate installment loans for patients with good and excellent creditZero percent to 11.99 percentCredit limit: $5,000 to $20,000

Citi Health Card
(credit card)

Dental, vision, hearing, veterinary from approved provider listThree different plans: Zero interest for 3 to 18 months; Budget plan for 48 months at 12.96 percent; Regular revolving credit at 21.98 percent variable interest; only accepted by Citi medical providersZero percent to 21.98 percent, depending on plan

Default APR: 25.98 percent

Credit limit: varies by account

Late fee: $29 to $35

HumanaAdvance Visa Card
(credit card)

Any health-related products or servicesZero interest; balances repaid within 6 months from payroll deductions. Must sign up through employerZero percentCredit limit: $500 to $5,000 depending on salary

Annual fee: $96 paid by employer and/or employee

Prepaid Healthcare Card
(debit card)

Approved health-related products and servicesAvailable through employers’ Health Reimbursement Accounts (HRAs)Allows employers to give employees tax-free reimbursements of qualified health expensesLoad amounts from $25 to $5,000 Fees: $4.95 per card, plus $2.95 to reload and $12.95 to replace lost or stolen cards

Wells Fargo Visa 
(debit card)

Anywhere Visa debit cards are acceptedAvailable only to employees enrolled in high-deductible health insurance plans using health savings accounts (HSAs)Employees use their own money or contributions from employers; HSA earns tax-deferred interestCredit limit: Based on account balance

Maintenance fee: $4.25/month for individual accounts

Source: CreditCards.com research and interviews

Note: Terms listed in the chart are subject to change by lenders. Click on the links to the financing options for the most up-to-date terms.

See related: Special report: Do credit cards offer health care Rx?, 15 tips for paying high medical bills, Health care credit cards rise to fill insurance gap, CreditCards.com poll results: credit and health care costs, ‘MedFICO’ score: Good medicine or bad?No credit card, no medical service?, Blog: Americans worried about health careBankruptcies near record levels as economy sours, Study: 79 million struggling to pay medical bills and debt

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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