CVS is an American retail pharmacy chain store that sells prescription drugs and a variety of merchandise. Products include over-the-counter drugs, cosmetics, greeting cards, beauty products, convenience foods, and film and photo services. CVS provides health care services through its medical clinics called Minute Clinic and diabetes care services through the Diabetes Care Centers. Let’s know ‘Does CVS accept Care Credit?’
Currently, CVS does not accept Care Credit at any of their locations and online for purchases or prescriptions. Care credit can only be used at health care centers and providers that have a contract with them to pay for health and wellness needs and prescriptions.
Why CVS Does Not Accept Care Credit?
Unfortunately, CVS does not have a contract with care credit but they have their reward program called the CarePass that their customers can use for the purchase of merchandise in their stores.
What payment methods are accepted at CVS?
CVS accepts the following payment methods: all major credit and debit card providers (MasterCard, Visa, American Express, and Discover), cash both in stores and online. They also accept contactless payments such as PayPal, Venmo, Apple Pay Google Pay, and Samsung Pay.
What Is Care Credit?
Care credit is a credit card that offers financing options for health, beauty, and wellness-related procedures that may not be covered by insurance. Users can make small monthly installments for the purchases of health products. The primary cardholder may add their family members for them to use for their health care needs.
Where Can One Use The Care Credit Card?
Though CVS does not accept care credit cards, over 200,000 health care providers accept this form of payment. Major stores that accept care credit are Walgreens, Sam’s Club, Walmart, Rite Aid, VSP, Duane Reade, Pets Best, Vision Care for Life, and Bow flex.
Care Credit provides a website that helps users locate health care service providers that accept the care credit card.
What Services And Procedures Can I Pay For Using The Care Credit Card?
The care credit card has been designed in such a way that users can pay for health care services that may be expensive to pay in lump sum amounts. The following are the services that one can pay for using the care credit card:
- Selected cosmetic procedures
- Labs and diagnostics
- Cosmetics and day spa
- Hearing
- Dentistry
- Dermatology
- Medical equipment supplies
- Pet care services
- Fitness services
- Chiropractic
- Vison
How Does The Care Credit Card Work?
Like any other credit card, the care credit card is used to pay for medical procedures and purchases that the normal insurance may not cover. The care credit card offers two kinds of financing options:
- The short-term financing option- care credit offers its users fixed monthly payments for a period of either 6, 12, 18, or 24 months at no interest charge on your balance if the bill is paid in full for purchases above $200.
- The long-term financing option-, this option provides fixed minimum payments done monthly against your outstanding balance at an interest rate from the first time you start your repayments. You can repay the period of 24, 36, or 48 months for all purchases above $1,000. They also offer a 60- month repayment period for purchases above $2,500 at an interest rate.
How Can One Apply For the Care Credit Card?
Applying for the care credit card is easier compared to other credit card application processes. You can apply online via the website CareCredit.com or by way of the phone using their toll-free number. First, you are required to check if you qualify for the card.
To apply for the card, you are required to provide the following information:
- Your full names
- Be 18 years and above
- Date of birth
- Home address
- Social Security Number
- Financial information i.e. housing information and net income.
Conclusion
Even though CVS stores do not accept Care Credit at the moment, there are over 200,000 healthcare facilities and providers that accept this form of payment for healthcare, wellness, and purchases at their stores either online or in-stores. This provides a way for users to be able to manage their medical expenses.
Frequently Asked Questions
- What credit score is required for one to qualify for the care credit card?
Unfortunately, it is not stated what credit score is required for one to qualify for the care credit card and they do not specify which credit bureaus they use to conduct credit checks for applicants.
- What is the difference between the care credit card and other credit cards?
Unlike the normal credit card, the care credit card is designed for the sole purpose of paying for health, beauty, and wellness-related procedures that may not be covered by insurance. In addition, their financing options are different from that of other credit cards since they provide financing options for a period of 6, 12, 18, or 24 months at no interest charged on your balance. Also a long-term financing option of 24, 36, or 48 months for all purchases above $1,000 at an interest rate rather than a revolving and ongoing credit card and interest charges.
