The Care Credit card can be an interesting option for those who wish to finance their health expenses. Remember that loans can sometimes be difficult to obtain, especially for medical expenses.
However, only some people are clear on whether it is difficult or easy to get approved for a Care Credit card. Let’s try to find out.
What is a Care Credit card?
As its name indicates, the Care Credit card is a financial product that allows you to pay for medical treatments, medicines, etc.
It is a card that can be applied in person and over the Internet. In this way, it would become an alternative to the financing needs that may arise from medical treatment.
As usually happens, the medical expenses derived from treatment, medicines, and intervention can suppose an important imbalance in a person’s economy. If you need more money to cover these expenses, it is common to resort to financing.
Financing through loans has a long and sometimes complicated process. In addition, we are also dependent on our credit history, other loans, etc. In these situations, having previously applied for a Credit Care card can mean the difference between assuming the cost immediately or waiting for a response from the lender.
The card may have different volumes of coverage, depending on the client. However, its use can cover all areas of medical treatment, including medicines. Before contracting this type of card, it is necessary to read the small print and be well-informed about the extent of the related coverage.
Is it difficult to get approved for a Credit Care card?
If you search the Internet with this question, you will get a wide variety of answers. However, many of these answers have more to do with users’ personal experiences than with the reality of the issuer’s offer.
Let us explain: you can find people who may have a high credit score and have had their card rejected. That may be because the high credit score was based on the absence of credit operations, but the user cannot provide a clear source of stable income at the time of application.
Conversely, you may find reviews from people with a relatively low credit score who can access the card. In this case, for example, it may be that although the person has some compromised credit, he or she can provide collateral, stable and verifiable income, etc.
In general, if we pay attention to what the issuer says, the minimum score to apply for the Credit Care card would be 620 points. However, we insist you can find people who claim to have accessed the card with only 600 points and others who claim to have been rejected with 700 points.
In general, it is very difficult to be turned down for a credit card application after 700 points: no credit card at all.
What are the requirements for the Care Credit card application?
As indicated above, we can apply for this card through the Internet. Therefore, initially, the application must be accompanied by some information. The same extended data will be requested if you apply over the phone (it is also possible at (800) 677-0718).
You must be 18 years old to apply online and 21 years old to apply by phone. The credit score, as we said, must be higher than 620 points. And your application will take into account your score, credit history, forms, etc.
We should remember that the issuer can access the main credit agencies in the country to study the application.
An important fact in this regard, which the company points out on its web platform, is that these queries do not directly affect the credit history made from the platform itself. That is a relevant fact since, on occasion, we have spoken of the importance of the damage that can be caused to a credit history by inquiries about creditworthiness or credit balances.
What to do if your Credit Care card is rejected with a score over 620?
It may happen that, even if you exceed 620 points, your application is rejected. In this case, it is advisable, first of all, to contact the bank itself through its customer service telephone number. The telephone is a quick way to request information on why you have been denied access to the card.
Another thing you can do is review your credit history thoroughly. On many occasions, problems occur, such as undue inclusions in the delinquency files or bad annotations by credit rating agencies. It is important to review this and fix it if necessary.
Remember that sometimes creditors, even if you have paid your debt, will not communicate with the agencies, although by law, they should. That means if the agency knows that the debt has been settled, it will still be there. You will have to complain and solve the problem.