It is expensive enough to pay for medical care with health insurance, but without health insurance, these costs can feel unsurmountable. That is where the right credit card for medical expenses can help you get the care you need while offering the time and space necessary to pay off those larger bills. There is 24/7 customer service with automatic account alerts, plus the freedom to pick your own payment date. Good credit is recommended to apply. Pros:
Extended APR periodNo annual feeBalance transfer intro offer
Cons:
Must have good creditNo rewards programForeign transaction fee
The APR after that is largely reasonable at a variable APR 19.24%-29.24% for standard ongoing rates. U.S. Bank allows you to choose your own payment date, plus there is auto-pay to keep things simple. There are no awards, but there is no annual fee to save you some cash. U.S. Bank will even cover your phone with cell phone protection when you pay your bill with your Visa Platinum card. Fraud protection is also included with free credit score monitoring available in the app or online. Pros:
Introductory APRNo annual feeIncludes cell phone coverage
Cons:
No rewards programGood credit neededNo welcome offer
There is no annual fee, and you also receive up to $600 in cell phone protection when you pay your bill with your Reflect card (subject to a $25 deductible). A unique benefit from Wells Fargo includes 24/7 roadside dispatch, as well as My Wells Fargo Deals that offers exclusive pricing from top merchants. Pros:
Extended promo period with timely payments No annual feeExtra Wells Fargo benefits
Cons:
No welcome bonusNo rewards programForeign transaction fee
These are some of the factors that we considered in finding the best credit cards for medical expenses.
Medical needs: To find the right card, first think about your specific medical needs. If you see an out-of-network provider or plan to have a specific procedure, it will help to have an idea of your general needs so you can match them to the best credit card.APR: The amount of interest you will pay each billing cycle matters because it can quickly add up and cost you more than you expected. The APR can vary significantly between cards and is based on a number of factors, including your credit score.Credit score: Your credit score is used to determine the financing terms of your medical credit card. When you have a higher credit score, you generally receive lower interest rates than someone with poor credit. Rewards: Some credit cards will offer special introductory or general rewards that give you cash back or bonus miles that you can use for future purchases.Introductory offer: Most cards offer a special introductory offer to reward you for signing up. This can include no interest for a certain amount of months, extra cash back on balance transfers, or additional miles on your everyday purchases.
These are all factors that can help you in your search for the best credit card for medical expenses. There is a convenient mobile app to help you manage your account, plus there is an option for online bill pay. You also can search more than 250 practices and medical professionals covered by CareCredit on its website to ensure you select a provider that is covered by the program. Pros:
Covers a variety of medical proceduresSeveral financing termsAccepted at 250+ providers and facilities
Cons:
Shorter financing termsHigh regular APROnly works for medical needs
