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However, there are certain factors to consider, such as high interest rates and fees, if you want to use a medical credit card or any type of credit card to pay for medical debt.A medical credit card is a type of credit card that can typically only be used to pay for medical expenses. For example, you might use a medical credit card to help pay for healthcare costs that insurance wouldn’t or couldn’t completely cover on its own.In some cases, a medical credit card may provide a deferred interest or interest-free offer. These financing options are attractive, but you still need to consider interest charges after the offer ends and make on-time monthly payments so you don’t fall into increasing credit card debt.Related: The best ways to pay off credit card debtA staff member of the organization that provided your care might help you apply for a medical credit card to cover your costs. If you meet the eligibility requirements, the credit card company will issue the card and pay your medical expenses. You would then be responsible for paying the balance on your medical credit card.You may also be able to research medical credit cards and apply for one on your own. The CareCredit card is a popular health and wellness option that you can apply for online.Medical credit cards may be useful when you need to pay for expensive, out-of-pocket healthcare costs, but the Consumer Financial Protection Bureau (CFPB) warns of high interest rates and fees, similar to traditional credit cards.Medical credit cards can also impact your credit score and compound existing debt issues if you’re not careful and don’t stay on top of making on-time payments. Late payments are reported to credit bureaus and show up on your credit report, negatively impacting your credit score.Note that not all medical credit cards are accepted by all healthcare and medical providers for all medical services or procedures. You must check with your healthcare provider to see if you can pay for medical care with a medical credit card. The same goes for checking to see if dental care is covered.High interest ratesFeesCan lead to additional debtCan impact your credit scoreIf you qualify for a medical credit card, you may also qualify for a 0% APR credit card. These cards provide 0% introductory APR offers on purchases, which could come in handy for covering large medical expenses without having to worry about high interest rates during the promotional period.While just about any credit card presents some of the same potential issues as medical credit cards, such as high interest rates and fees, a rewards credit card couldA personal loan may make sense if you need to pay off medical bills quickly. Depending on the loan, you may be able to access funds the same day you’re approved. However, these types of loansIf you qualify, consider taking advantage of healthcare coverage through Medicaid and the Children’s Health Insurance Program (CHIP). If you don’t qualify, you may be able to access low-cost healthcare at a community health center. You may also qualify for financial assistance or medical bill forgiveness from nonprofit hospitals.The CareCredit credit card is a card you can use to pay for different health and wellness expenses for you, your family, and even your pets. It’s accepted at over 270,000 locations and can be used for doctor visits, veterinary care, dentistry, and more within the CareCredit network. Synchrony is the credit card issuer for the CareCredit card.The CareCredit card is designed for use only on eligible health and wellness purchases. However, it works at many different stores that accept Mastercard credit cards.It varies by card, but the CareCredit medical credit card has a purchase APR of 32.99% (for new accounts as of May 30, 2024).Related: What is a good interest rate on a credit card?Yes, it’s possible, but it depends on the medical credit card. For example, the CareCredit card can be used to cover dental costs within the CareCredit network.Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.