[X]
Feedburner count

Care Credit - Page 2

Star Star Half star Empty star Empty star
34 Reviews & Complaints

Most Popular | Newest | More Options >
More filter options:
Applying for Care Credit "What A Hassle" for Dental Work, Applying For Care Credit For Pets "Easy as 1-2-3" ????
Posted by Madnygwen on 04/02/2011
NASHVILLE, TENNESSEE -- Well okay I am 25 years old female with 2 toddlers 4 and 3 years old, and fiance who is 29. I myself have no dental insurance what so ever and have always taken care care of my teeth....then I find out 2 in 2009 I have 7 absecced teeth and was int the bed for over 4 months bc NOT ONE denist would worki with me on payments and I was denied by Care Credit....i don't have the best credit but I have never had 1 credit caqrd in my life. and the only way I finally got help is bc my fanmily had to apply in there name and then I had to have 2 signers on the card...I could have dies from this absessed teeth is NO JOKE IT WILL KILL YOU IF IT GETS IN YOUR BLOOD STREAM,,,BUT THE COMPANIED DONT CARE????WHY???

OKAY ALSO in 2008 my dog was ran over and we rucshed her to vet and was going over the pro and cons of what to do and there was hope for 1yr old boxer baby at first, until they found out we was denied CARE CREDIT AND THEY LOOKED AT US AND SAID SORRY WOULD YOU LIKE TO WATCH OR GO AHEAD AND SAY YOUR GOODBYES WITH A SHOT IN THERE HAND TO PUT HER TO SLEEP....this was as soon as they came in the room to tell us we wasn't approves...COME ON.... WHAT HAS THIS WORLD COME TO!! THEN I READ WHERE A MAN WHO JUST SERVED 5 YEARS IN PENINTETRY GOT APPROVED FOR CARE CREDIT WITH NO JOB OR ANYTHING??? I DONT GET IT!

     
Read 4 RepliesAdd reply

User Replies:Close comments

Posted by Skye on 2011-04-02:
I'm sorry you are having dental issues, and what happened to your dog, but Care Credit does not guarantee everyone will be approved.

Do you have a local health department, that could provide you with the name and number of dentists who do perform dental work at a much less cost, for those who need a hand up? Or how about looking for a dental school in Nashville, that will provide dental work, at a much reduced rate?

Abscesses are nothing to fool around with, and can be dangerous to your health. Please don't give up, there are other options, like I mentioned, you just have to do your research.

Good luck.
Posted by leet60 on 2011-04-02:
Care credit has fairly stringent credit requirements for approval. Any negative marks on your credit profile will basically get a denial from them and/or a request for a cosigner.

It is unfortunate that the state of health care in this country is in such disarray. Dental insurance, in most cases is expensive even if partially paid by an employer and the limitations for service for issues such as abscesses, extraction or root canals use up you annual allowance almost immediately.
Posted by Anonymous on 2011-04-03:
Are there any Dental colleges in your area? They someone's work with the local community treating low income/uninsured patients.
Posted by Andrew on 2013-07-24:
Yup, Canada, Cuba and probably N. Korea probably provide better dental care. In this 3rd world country called USA, you only get good healthcare if you go to prison.
Close commentsAdd reply

Magnanimous Rip Off!!!
Posted by Former_ge_customer on 04/01/2011
Terrible card with terrible terms and terrible customer service. They don't care about their customers at all. You begin with 0 APR for some time, but god forbid something goes wrong and you're unable to pay you balance off in time, they hit you up with a magnanimous interest charge for the entire time from day 1. Just regret opening up this account and do not recommend it to anyone else - you're better off getting a personal loan from a bank!
     
Read 8 RepliesAdd reply

User Replies:Close comments

Posted by momsey on 2011-04-01:
They don't sound very magnanimous to me!
Posted by tnchuck100 on 2011-04-01:
Yup, it's right there in the agreement. Care Credit only works IF you pay according to those stringent terms. Looking at it from their point of view: They WANT you to fail. That is where they make their living...(er, killing!).
Posted by Anonymous on 2011-04-01:
Anytime you see a 0% apr you should know that there are going to be some stringent rules and harsh penalties. Missing a payment is going to cost you. It should all be in your agreement.
Posted by Nohandle on 2011-04-01:
Thanks for the reminder. You've learned what many others did quite a while back. Word of mouth or learning the hard way. The business has to pay for the honor of accepting the card and receiving payment immediately, but the big bucks come from debtor. No company is expected to offer money to you for free but that fine print keeps getting smaller.
Posted by FlShopper on 2011-04-01:
Momsey's right...there's nothing magnanimous about it. Reminds me of the line in The Princess Bride "You keep using that word. I do not think it means what you think it means."
Back to the OP...the terms are usually spelled out for you. If you make even one payment late, you're in trouble. I took advantage of their 0% for 11 months, tried to pay as much as I could towards the balance, then was able to transfer it to another card before the 0% offer expired so I never paid interest on it. Those offers can be great, but you have to be extremely diligent about paying on time, every month.
Posted by Inat on 2011-04-01:
nothing wrong with this practice at all! NEarly every credit provider does this - they give you a benefit as long as you adhere to the terms. 36 months free financing is exactly that - 36 months free AS LONG AS you pay it of in 36 months since it isnt 40 month free financing....

I've had a Best Buy credit card for years and have probably used abotu $12,000 of HSBC's money FOR FREE - have never paid a dime of interest
Posted by MaggieMcT on 2011-04-02:
Every 0% promotion I've ever seen had the same kicker attached -- late payments, even just one, = interest charges. Yet another reason to get your emergency fund in place so you don't have to use things like 'Care' credit.
Posted by getoverit on 2011-04-02:
I stuck with the same five credit cards for years. I used to spend a lot of time reading those offers from credit card companies with great introductory and balance transfer rates. I'd call the people up and invariable find out what strings are really attached.

Now, they're shredder fodder. Life's too short.
Close commentsAdd reply

Maybe people should pay their bills?
Posted by Stevie002 on 03/14/2011
I read all these complaints about Care Credit and they all seem to have one thing in common. The people complaining don't seem to want to pay their bills! I have used Care Credit for may things from doctors to hospitals to veterinarians. I have never had an issue at all with them. I recently let my son use my card to pay a hospital bill. He was 3 days late on one payment and was charged a late fee. I called them and explained everything to them and that I was allowing my son to pay it and they refunded the late fee to him. He then paid it off without incident. They are one of the easiest to deal with that I have ever used. I guess my advice to avoid problems is to PAY YOUR BILLS!
     
Read 6 RepliesAdd reply

User Replies:Close comments

Posted by Skye on 2011-03-14:
Of course people should pay their bills. But sometimes things happen, job loss, family illness, etc. , that causes people to pay late or not be able to pay at all.

The thing is, don't run away if you cannot pay, contact whomever credit company you are using, and let them know, and they will work with you. Ignoring bills is what gets many into trouble.
Posted by tnchuck100 on 2011-03-14:
I have never used them but I did see a brochure in the dental office on them. The only thing I remember about it was the astronomical interest rate. I think it was 25.99% and if you are ever make a late payment it goes to 29.99%.

It's bad enough being gouged so badly by the doctors/dentists/vets and then these people want to clean you out of any money you MIGHT have had left.
Posted by Sparticus on 2011-03-14:
I've used them twice. So far no problems. But I used their autopay feature so I would not forget a payment. That is the trick. If you miss one payment you are assessed the full interest penalty. So be careful!
Posted by trmn8r on 2011-03-14:
I would not mess around with this company, if you are going to use them. Chuck is right about the rate *IF* you DO NOT pay on time, every time. *IF* you DO, there is no interest charge. Obviously they want you to miss a payment.

"If promo and debt cancellation are not paid in full within 6, 12, 18 or 24 months, interest at APR 26.99% will be assessed from purchase date. If account goes 60 days past due, promo may be terminated early and accrued interest will be billed. As of 11/1/2010, Purchase APR 26.99%; Penalty APR 29.99%."
Posted by Starlord on 2011-03-15:
We got Care Credit through our vet when one of our service dogs broke his leg in two places and the vet bill came to $4,000. One invoice, statemnt whtever, we got showed an interest rate of up to 51%. There was never any question of us wanting to pay our bills, and I would have loved to have them sue us, so we could show the court their interest was usurious. We obtained a loan from our credit union to pay off the Care Credit account at a much more reasonable rate. If you want to put up with usury, that is your business, but I don't.
Posted by Anonymous on 2011-03-15:
I have care credit, I just recently used it again for some dental work I needed done. Had my wisdom teeth removed, and my dental insurance only covered half of the THOUSAND DOLLAR BILL. So I had to dish out 500 on my care credit, but I have this promotion where if I pay it off in 6 months, its interest-free. I can understand not wanting to be screwed over by credit comapnies, but shouldn't we all know our interest rates and promo details before we use the card? Ive used care credit quite a few times, I just make sure I am able to cover it before the promo expires, or I dont use it.
Close commentsAdd reply

Worst Company Ever
Posted by Goddesshaas on 11/17/2010
EL PASEO, TEXAS -- This is the WORST company I have EVER had to have the misfortune of working with. My little kitten broke her leg and I used the Care Credit as financing. They kept tagging me with late fees of $40 even though my payments were sent ON TIME and received (I send through online bill pay from my bank, it wasn't even a personal check).

I called and they said it was an error and it would be corrected. But it never was. When I called back they said, "Sorry Ma'am we don't see that anywhere here in are note. Too bad; we can't do anything about it." I paid above the minimum and paid off the whole thing in full when the promotional period was up. I even called to ask what my payoff amount was and they told me the WRONG AMOUNT...so now I am getting tagged with interest.

It is a low down dirty skeaming company and should not be trusted at all. The customer service are the nastiest people and they do not try to help you at all.

DO NOT GET CARE CREDIT!!!!!!!!! DONT DO IT. Try any other credit card...DO NOT DO NOT GET THIS ONE!!!!

     
Read 2 RepliesAdd reply

User Replies:Close comments

Posted by leet60 on 2010-11-17:
"I send through online bill pay from my bank, it wasn't even a personal check."

You may want to verify with your bank if they are sending these payments electronically. I have had several bank accounts that certain payments made through online billpay were simply done by the bank creating and mailing a check to the company. If this is the case, and you are requesting your payment on or near the due date it may be causing your payment to be late due to mail delays.
Posted by Goddesshaas on 2010-11-22:
Nope. I've never had an issue with Online bill pay with any of my bills. I called the bank and they said that checks are not the way they send this company payments. It's done through electronic transfer. My NO INTEREST for 12 months of $1400 turned into a $1900 when I made higher than min payment each month ON TIME. AND confirmed by CareCredit the extra $500 IS NOT deferred interest. I will not back down from this and will have the an attorney look at options. I will not be ripped off. It's criminal!!!
Close commentsAdd reply

TERRIBLE SERVICE
Posted by DWY on 10/21/2010
Every single representative that I spoke with in this company during my "deferred interest" period was terrible. Most were rude and generally unhelpful. Also, if you wish to make a payment via phone, you must pay $15 to do so. They want a payment from you to be able to pay them? Really? I left this company with a great distaste for them as a whole. I recommend that no one ever uses this company in the furture. Save yourself the hassle and choose another vendor.
     
Read 2 RepliesAdd reply

User Replies:Close comments

Posted by clutzycook on 2010-10-21:
"convenience fees" for paying by phone are not unique to this company.
Posted by Weedwhacked on 2010-10-21:
Most companies want you to use their online payment services to cut costs. If you keep phoning in payments, they have to keep employees to operate the call center.
Close commentsAdd reply

CareCredit is a Scam - Research them and Avoid
Posted by Grantcv1 on 06/10/2010
You go to the dentist and she wants to do an expensive procedure that isn't covered by insurance. When you balk at the price, she has a cost effective alternative - CareCredit. DON"T DO IT - IT IS A TOTAL SCAM.

I needed a $2,293 program for my gums. When I said it was too expensive, she came up with CareCredit. According to the paperwork (that I have in front of me now), I would be able to pay for the program over 24 months, interest free. It would cost me just $95.54 / month. She explained that if I hadn't paid it off after the 2 years, I would owe the deferred interest at 19.99% annual rate.

Knowing I could easily afford that, I signed up. Big mistake. The pamphlet CareCredit put out is very carefully worded to mislead. In fact, everything about this operation is designed to mislead. The pamphlet shows that they offer 3, 6, 12, and 24 month promotional periods of 0% interest and longer periods at 11.9%. The brochure implies that if you are not in good standing, you get a 22.98% interest rate slapped on. What is not clear is how you ever get the 11.9% rate - you go to the 22.98% rate regardless of your credit rating in my experience.

Here is what really happened to me. I got my CareCredit card with the opening charge of $2293. I began paying it off, $200 per month. That was over twice the rate I needed to pay it off over 2 years. I set up an auto-pay and after verifying that it was working, decided to just forget about it and let it run till it was paid off. I never missed a payment and never had a late payment. I always paid more than the minimum payment. I did everything as stipulated!

In reality, it didn't work like I expected at all. After 3 months, the promotional period ended and I was back charged $167 in deferred interest. And then I started accumulating interest on the balance at the punishing 22.98% rate. Just for the record, my credit score is 782-790 and I have an interest rate of 8.9% on my Visa card. I pay off my credit card in full every month. In all my 25 years of credit history, I have never once carried a credit card balance over.

CareCredit is a dishonest money making scheme. The entire operation - from the way local medical professionals sell it, the ambiguous brochures that are handed out, the manner in which customer service operates, and the way in which the program is run is all about deception. You are led to believe you are getting one thing when, in fact, they are setting you up for punishing charges.

I find it shocking that a company like GE puts their good reputation on the line by operating this fraud. The executives of GE Money Bank should be investigated for wrongdoing and thrown in jail. This is a total scam.

Hopefully there is a class action lawsuit or some other way to end the fraudulent activity of this company!
     
Read 5 RepliesAdd reply

User Replies:Close comments

Posted by FlShopper on 2010-06-10:
The promotional period was over after 3 months? Did it say as much on your statements or did it show 24 months like you thought you were getting?
We had an account with them for 12 months 0 interest; every month's statement (which I viewed online) showed the amount of interest accrued and when the promotion was over. After the 11th month, I transferred everything out of there and that was that.
Any way you can transfer that balance on to your visa card?
Posted by grantcv1 on 2010-06-10:
My dentist had sold me on a 24 month period for a monthly cost of $95.54. Now that I look closely at the bill, I see that it was only 3 months at 0%. Because everything was on auto-pay, once I had set that up, I did not realize that I was being charged interest at 22.98% and that I had been charged the deferred interest.

When I spoke to the customer service rep, they told me that they set up 3 months initially and that I have 3 months to work with my dentist to get that extended to some other period. If I make no changes in the initial 3 months, then the 3 months is cast in stone. That is crooked. My dentist set this up. I filled out the forms and they submitted them. The paperwork my dentist gave me says 24 months interest free with a 19.99% deferred rate. I had no reason to believe otherwise.
Posted by FlShopper on 2010-06-10:
Interesting. That does sound misleading. When my husband got his account with carecredit, it was all set up from the beginning to be 12 months interest free. I think it stinks that they expected you to negotiate for better terms with your dentist.
Posted by grantcv1 on 2010-06-10:
What I find most dishonest about this whole thing is that clearly my dentist believed in what they were selling me. She believed that I would get 24 months at 0%. The paperwork she gave me says this. But CreditCare basically uses the dentist as part of the deception - using the dentist as a sales front and then blaming the dentist when you discover that you have been misled.
Posted by GE Money US on 2010-06-11:
I'm sorry you're having problems with your account. We'd like to help. Can you email your information to media.relations@ge.com so we can research and assist?

Regards,
Nicole
GE Money
Close commentsAdd reply

Stay Away From This Company
Posted by AnotherUnhappyCustomer on 06/08/2010
There are a number of problems with CareCredit, (CC), none of which parent company, GE, apparently cares to change or address, so consumers beware.

The premise of this card is based on whatever CC program your medical/dental/veterinary provider has chosen to participate in. For example, one doctor's office may provide patients a CC plan to charge balances of $300 or more at 0% interest for 18 months. Another office may offer it patients a CC plan of 0% interest for 6 months on charges of $1,500 or more. At the end of those 0% interest periods, your rate on outstanding balances reverts to whatever astronomical percentage CareCredit has put in place. But the material point is that the CareCredit plan available to patients will differ from one provider to another. This may sound very attractive if you know you will be able to pay the balances in full by the end of the 0& interest periods---it certainly did to me---but it is also tied to the first issue with CareCredit: How the payments are applied.

If you have multiple charges from multiple providers, all with different plans, you better be keeping track of your payments because CC may not be applying them as you would like. Another complaint on this site alluded to repeatedly contacting the company regarding the reallocation of payments: That is precisely what you will have to do if you want your payment applied to, for instance, the $1,500 balance coming due in 6 months as opposed to the $300 balance coming due in 18 months.

This in itself is a total pain, but making it even more enjoyable is the fact that you get to deal with the unbelievably rude and obnoxious customer service (for want of a better term) staff. These people must have received special instruction on how to enrage their customers in as short a time span as possible. I've never encountered anything like it before: No apologies for any confusion, no explanations for anything outside of scripted responses---which they will repeat ad nauseam until you find yourself wanting to scream. There is quite obviously no incentive program in place for CC reps to even ponder customer satisfaction or the lack thereof. And before I go any further, let me just offer the fact that I AM in customer service so I feel totally justified in my criticisms.

Now let's get to the available credit portion of my review. If you set up an electronic payment for any amount of $500 or more, (I'm not certain, but this may also apply to large payments by check), you will see your bank account debited and the payment will be reflected as having been received by CareCredit, but YOUR AVAILABLE BALANCE WILL NOT INCREASE BY THE AMOUNT OF THAT PAYMENT FOR 10 BUSINESS DAYS. So, using my balance figure examples above, if I pay the entire $1,800 balance by electronic transfer, my available credit will still be minus that $1,800 for the next 10 business days---despite the fact that CareCredit has acknowledged receipt of payment by actually posting the payment to my account. So if you are using CareCredit for ongoing medical care, this becomes a major problem: You think you are paying balances owed in a timely fashion so funds will be available for your followup visit to the doctor but---Surprise!--- you find that it just isn't the case, and you're left digging out your VISA card.

I always thought I was a fairly smart consumer: This experience definitely proved me wrong on that score! Bottom line--if something sounds too good to be true, it is. Walk away...very quickly. I've closed my account with CareCredit and hopefully, I'm the wiser for the experience.
     
Read 2 RepliesAdd reply

User Replies:Close comments

Posted by goduke on 2010-06-08:
We here a lot about these guys, and the bad definitely outweights the good by far (not sure we've heard any good). Hopefully you can get out from under them soon and bid them a fond (or not so fond) adieu.
Posted by Starlord on 2010-06-09:
We found that GE Money Bank is the power behind Care Credit, as well as WalMart card, and probably many others. I do have to say our WalMArt account is going very well, but we watch it intensely, having been through Care Credit's wringer. We obtained a signature loan from our credit union to pay off Care Credit, at an interest rate we could live with. Care Credit got it's final dig in by quting a pay-off to the manager of our CU branch, then after receiving the funds, charging us another amount, after it was all done, was $90 more than was previously quoted. Our veteranarian no longer wroks with Care Credit, and I understand many vets have dropped it.
Close commentsAdd reply

Caveat Emptor - Buyer Beware - Consumers need to scrutinize thoroughly
Posted by Chatty cathy2 on 05/24/2010
COSTA, MESA, CALIFORNIA -- I had to have a dental extraction and the cost was $473.00 because it was categorized as a surgical procedure. Since payment was due at the time of service I had no choice but to use GE Care Credit and was informed at the time that interest would be deferred. When I received my first statement a few weeks later, the minimum payment required was $15/month, and I thought I was doing good at paying $30 most months.(I'm on a limited and fixed income.)
Like Russian Roulette, the promotional period snuck up on me and I still had a balance of $128. The account was assessed with 26.9% finance charges totaling $96.00. I could say that the company should have notated on the monthly statements that a monthly minimum payment of $39.42 would be required to avoid going beyond the promotional period, but I realize I was the one at fault for not examining this offer more closely and calculating the minimum MYSELF. Because I did not do so I will now be assessed finance charges of 26.9% on the outstanding balance each month as well. BUYER BEWARE - DO YOUR OWN MATH! I'm not going to be too hard on myself because the pain I was experiencing at the time was excruciating and I appreciated the immediate relief. But I don't appreciate the headache I now have for not having taken the time to do the math.

     
Read 1 RepliesAdd reply

User Replies:Close comments

Posted by MDSasquatch on 2010-05-25:
This is good advice and Kudos on the OP for accepting responsibility.
Close commentsAdd reply

Credit card thieves
Posted by Mdmiami on 05/04/2010
EL PASO, TEXAS -- To whom it may concern:

The purpose of this letter is to file a formal complaint on CareCredit for "TERMINATING PROMOTIONAL INTEREST FREE OFFER" without proper notification. (violation of statue 226.7 of the CCPA)

I accepted this credit card only for dental services, with a 12 month term ending 3/11/2010. On the acceptance letter attached to the credit card I received by mail, there was no indication of a cut off time for payment due date. The minimum payment was from $20 to $30 dollars due on the 4th. I paid always around the 15th of the previous month, for the payment due the next month on the 4th and always paid $100 monthly.

In September 2009, I posted my payment on the 4th at 7pm. Not knowing that in the statement in very small letters on the left hand side under "account information" stated "payment due by 5pm", (this note has been moved now after the February/2010 credit amendment, to the right hand side IN BIG LETTERS under payment information). The following month when I see a late charge on the statement, I called and was informed of such clause. I sent a letter of complaint and received a month later a generic letter with a denial for my request to have the late fee reversed. No other notificaion of change in terms for my account. Then to my shocking surprise on the December 2009 statement, they added $209.35 finance charge. I called and was advised that because the issue with the September statement my promotional "no interest" offer was terminated. I asked why I was not properly informed of such change and they replied that a letter was sent in November. There was no such letter and this is another scam from this credit card company.

I requested to close my account immediately and I will pay off the remaining balance $439.99, that same day as long as the reversed that finance charge. The supervisor I spoke with Kyle stated he did not have the authority to reverse the charge, that I will have to send my request in writing. There was no other manager or director that could speak with me. I sent a letters that was answered again by a generic response. Stating they regret to inform me that the charges could not be reversed. Never received a courtesy phone call from a human, in order to discuss this matter.

A formal complaint was filed on the Consumer Protection website #25707151. I paid off the balance on 2/15/2010 before the end of the 12 month contract 3/11/2010. I will continue to fight this fraudulent charge on my account and will file a lawsuit on small claims court if necessary.

By the way, last week I did receive a phone call from somewhere in India, asking if I wanted to make a phone payment on the remianing balance. I told the representative to write down on his comment for the call, that I will be filing a legal action againts CareCredit and NO PAYMENT!!
     
Read 3 RepliesAdd reply

User Replies:Close comments

Posted by BEJ on 2010-05-04:
Did you read the terms of the promotional offer before accepting it. Everything is generally spelled out in the terms and conditions. You were late with the payment and they had every right to revoke the promotional offer. Re-read your terms and conditions--if they did not disclose that you could lose the promotional offer and be charged interest--you have something to go back to them with.
Posted by FlShopper on 2010-05-04:
I agree. Look at the terms you accepted. It more than likely states that they can increase your rate and add the accrued interest back in if you are late. And because it's (probably) in the terms, they don't have to advise you by letter, since you were advised of this possibility in the original agreement. Also, the fact that they did write that the payment was due by 5pm (albeit in very fine print) puts the onus on you to get the payment in before the deadline. I know it's frustrating, but it seems to me they're on pretty solid ground and you still owe them this money.

Be careful that this doesn't continue to snowball and negatively affect your credit score.
Posted by momsey on 2010-05-04:
Unless you've never had a credit card before, or done any kind of banking before, you should know that if your due date is the 4th, you have to pay by a reasonable close of business. 7 pm is after business hours.

I have a Best Buy credit card that I have bought a couple of things on with the promotional interest free period. I gotta tell you, that's one of the first bills I pay each month. I'm not daring to take a chance to pay late and not only get a late fee but also be required to pay all of the deferred finance charges.

Granted, if you were late, they might have been nice and given you a free pass. But, you knew the terms of the card, and you violated the terms of the promotion. And banks and credit cards have no incentive to be nice these days. As far as I can tell, they had every right to do what they did.
Close commentsAdd reply

Outrageous APR!!!!! 87+% Unbelievable!!!!!!
Posted by Kcusnem on 04/15/2010
ORLANDO FLORIDA -- These credit cards are offered and often recommended by dental offices and doctor's offices. That DOES NOT make them safe!!! I hope that any legitimate physician who cares about their business and patients immediately remove any of their propaganda from their waiting areas!!!

They are even ENDORSED by all of these companies!!!
http://www.carecredit.com/endorsements.html

I took one out when my endodontist recommended it b/c it was interest free for so many months. Indeed, yes, it was. Then I checked my bill. Here is what it said...

If the balance is not paid within the promotional period your APR will default to the percentage on page 3...
(go to page 3)
APR............87%!!!!!!!!!!!!!!!!

Buyer beware... Buyer be AWARE!!!!

Let's just say it WILL be paid off before that happens, but if I had not checked that page 3 info, or if I had continued to simply make the 'recommended payment' (a payment that WILL NOT have you paid off by the end of the promotional period) via the website, I would not have known. It was just luck that I checked that paper bill this month. I would have had to pay 87% on $311. That gets mighty huge, mighty fast.
PLEASE PLEASE PLEASE use wisely!!!!!

I want everyone to highlight their interest rate and have all endorsing medical practices drop their endorsement. Hopefully less people will be taking out credit cards in the future. To me, the only thing that will save the credit card companies IS govt intervention. Unless I know that everyone is following the SAME rules in the credit industry I have no reason to trust any of them, and neither do you. Of course, we shouldn't be trusting everyone now should we? A simple cap would be nice. 87%!?!?! Yeesh!!!
     
Read 8 RepliesAdd reply

User Replies:Close comments

Posted by CrystalSword on 2010-04-15:
And anyone with a Wal-Mart credit card should also know that is through GE Money!!!!
Posted by momsey on 2010-04-15:
Very true, 87% is an outrageous rate, but wasn't that rate in the paperwork that you looked over before you signed up for the card?
Posted by FlShopper on 2010-04-15:
The terms are printed on the application so that consumers will know about the accrued interest and rates before signing on the dotted line.
We knew the terms when my husband signed up for one of those cards. I paid interest free for 11 months, and then transferred the entire balance to another (lower interest) card before the introductory period expired.
Posted by Sparticus on 2010-04-15:
They are indeed frightening to work with. I currently have two accounts with them and both I have setup to do auto-pay each month. I set the payments amounts higher so it would pay off the debt well before the deadline.

My only concern is if they "accidentally" have a technical glitch and one of my scheduled payments is late... Who is at fault then? I bet I'm on the hook then...

I should just pay the darn things off... if I could.
Posted by Disaster Worker on 2010-04-15:
This was offered to my daughter when she would owe about $1500 after her insurance paid for her surgery. Glad she opted to pay the balance up front.
Posted by madconsumer on 2010-04-15:
i think 87% interest is wrong. any links to their site?
Posted by *Brenda* on 2010-04-15:
No Interest if Paid in Full within 6, 12, 18 or 24 Months


on purchases with your CareCredit card. Interest will be charged to your account from the purchase date if the promotional balance, including optional charges, is not paid in full within 6, 12, 18 or 24 months or if you make a late payment. Minimum monthly payments required. Not all providers offer all promotional plans, ask your provider for details. Valid on CareCredit account. A minimum purchase amount may be required for promotional plans longer than 6 months in duration. On promo purchase balance, monthly payments required, but no Finance Charges will be assessed if (1) promo purchase balance paid in full in 6, 12, 18 or 24 months, and (2) all minimum monthly payments on account paid when due. Otherwise, promo may be terminated and treated as a non-promo balance. Finance Charges will be accrued at the Purchase APR and assessed from purchase date. Standard terms apply to non-promo purchase and optional charges. Promo purchases on existing accounts may not receive full benefit of promo terms, including reduced APR if applicable, if account is subject to penalty APR. Payments over the minimum will be applied as required by applicable law. As of 2/1/10, APR 24.99% & on all accounts in default, Penalty APR: 29.99%. Minimum Finance Charge $2.00. Subject to approval by GE Money Bank.
from carecredit.com
Posted by lolalane on 2010-12-14:
THIS IS THE LAST TIME I THROW MY MONEY AWAY ON HIGH INTEREST CARDS. JUST FINISH PAYING OFF, THIS IS MY REALITY!!!! KEEP AWAY FROM THIS COMPANY THEY WILL RIPE YOUR BANK ROLL OUT OF YOUR HANDS.
Close commentsAdd reply

Top of Page | Next Page >