CareCredit
CareCredit is a Synchrony Bank-issued health and wellness credit card offering promotional financing at 285,000+ US provider and retail locations. It serves patients needing financing for dental, vision, veterinary, cosmetic, hearing, and medical expenses not typically covered by insurance.
- Company typePrivate
- Founded1989
- HeadquartersCosta Mesa, United States
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What CareCredit does
CareCredit is a Synchrony Bank-issued health and wellness credit card program founded in 1989 and headquartered in Costa Mesa, California. It provides promotional financing for medical, dental, vision, veterinary, cosmetic, hearing, chiropractic, and other health and wellness expenses that are typically not covered by insurance, accepted at more than 285,000 provider and retail locations across the United States. Core products include the standard CareCredit credit card with promotional financing (zero interest if paid in full within 6, 12, 18, or 24 months on purchases of $200+, and reduced APR fixed-payment options spanning 24 to 60 months on purchases of $1,000+), the CareCredit Rewards Mastercard, and a mobile app supporting digital card, account management, and provider lookup.
The platform is built on Synchrony Bank's credit, risk, and compliance infrastructure and is extended to providers and patients through integrations with Epic MyChart, Weave Communications, Clover, RevSpring, Salucro, Shopify, and an STP integration platform, alongside a Provider Center portal. CareCredit generates revenue through interest charges and fees on revolving credit card balances (Synchrony reported $3.7 billion in interest and fees from health and wellness loans in 2024), merchant fees paid by enrolled providers, and deferred-interest economics on promotional financing. Go-to-market combines a direct sales force targeting healthcare and veterinary providers, technology platform partnerships, retail channel acceptance (Walmart, Sam's Club, Walgreens, Albertsons, Sunglass Hut, Sleep Number, VSP), and a growing pet insurance reimbursement ecosystem with Figo, Pumpkin, and Pets Best. Cardholder base exceeds 12 million open accounts and 39 million accounts opened since inception, with reported cardholder satisfaction metrics of 89-90% repurchase intent and 95% value rating.
CareCredit firmographics
Firmographics- Name
- CareCredit
- Legal name
- CareCredit (a Synchrony solution)
- Website
- https://carecredit.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- CareCredit is a Synchrony Bank-issued health and wellness credit card offering promotional financing at 285,000+ US provider and retail locations. It serves patients needing financing for dental, vision, veterinary, cosmetic, hearing, and medical expenses not typically covered by insurance.
- Ownership category
- akta.pro rank
CareCredit industry classification
Industry- Product category
- Healthcare Financing
- NAICS
- Credit Card Issuing (522210), Credit Card Issuing (52221), Sales Financing (52222)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Private Label / Store Credit Cards (FSAKABAC)
- akta.pro secondary industries
- Retail Credit (Closed-End) & Promotional Financing (0%/Deferred Interest) (FSAKAFAF), General Purpose Credit Cards (FSAKABAA)
Keywords
Where CareCredit is headquartered
LocationHeadquarters
- HQ city
- Costa Mesa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CareCredit business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Interest and Fees from Credit Cards: CareCredit generates revenue through interest charges and fees on revolving credit card balances. In 2024, Synchrony Financial generated $3.7 billion in interest and fees from health and wellness loans. Current APR rates reach up to 33% for deferred interest plans.
- Provider Merchant Fees: Healthcare providers pay merchant fees to accept CareCredit as a payment option. Providers receive risk-free payment within 2 business days for transactions.
- Promotional Financing Programs: CareCredit offers promotional financing where interest is deferred or reduced for qualifying purchases. Revenue is generated through interest accrual when promotional periods are not met or through standard APR on remaining balances.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Standard CareCredit Card - No annual fee with promotional financing options |
| Transaction based/ take rate | Monthly | CareCredit Rewards Mastercard - Earns reward points on purchases |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels6 records
CareCredit product offering
Product offeringCore offering
CareCredit is a private-label health and wellness credit card that enables consumers to pay over time for out-of-pocket medical, dental, vision, veterinary, cosmetic, and hearing care that is typically not covered by insurance. Cardholders can access promotional 0% interest financing for 6, 12, 18, or 24 months on qualifying purchases of $200 or more, plus longer-term reduced-APR installment options through Synchrony Pay Later. The product is accepted at 285,000+ enrolled provider and retail locations across the U.S. and is supported by a cardholder mobile app and a dedicated Provider Center portal for merchant practices.
Product overview
CareCredit offers a unified health and wellness credit card platform with flexible financing options, issued by Synchrony Bank. The core product is the CareCredit Health and Wellness Credit Card with promotional financing (0% interest for 6-24 months or reduced APR for 24-60 months). The platform includes the CareCredit Rewards Mastercard variant, a mobile app for account management, Pay Monthly Loans for installment financing, and provider-facing tools including Payment Calculator, Performance Calculator, and Financial Policy Tool. CareCredit integrates with Epic MyChart for healthcare systems, Weave Communications for practice management, and offers STP integration for providers. The network spans 285,000+ provider and retail locations across dental, vision, veterinary, cosmetic, hearing, and other health and wellness categories.
Differentiator
Problem solved
Functional benefit
Brands
- CareCredit Rewards Mastercard: Mastercard version of CareCredit card that earns reward points on everyday purchases in addition to healthcare network use
- Synchrony Pay Later
- CareCredit Mobile App
Products and services
- CareCredit Health and Wellness Credit Card Private-label revolving credit card accepted at 285,000+ enrolled U.S. healthcare and retail locations that provides consumers with promotional 0% APR financing (6-24 months on purchases of $200 or more) and longer-term fixed-APR payment plans for medical, dental, vision, veterinary, cosmetic, and hearing expenses.
- CareCredit Rewards Mastercard
- Synchrony Pay Monthly Loans (Pay Later) Longer-term fixed-rate installment loan product issued by Synchrony Financial that allows patients to spread larger healthcare purchases over extended terms with predictable monthly payments.
- CareCredit Mobile App Native iOS and Android application for CareCredit cardholders to manage their account, view statements, make payments, access promotional offers, and present a digital card at participating providers.
- CareCredit Provider Center Web-based merchant portal that enables enrolled healthcare providers to process CareCredit transactions, manage their merchant account, view reporting, and access patient financing marketing resources.
- Synchrony Marketplace for Health and Wellness Online offers platform operated by Synchrony that surfaces health and wellness merchant offers and promotions to existing CareCredit cardholders.
Quantifiable outcome
- 82% provider satisfaction rate among providers surveyed
- +4 more outcomes
Companies that use CareCredit
Customer profileNamed customers20 records
Segments17 records
Ideal customer profiles2 records
CareCredit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature5 records
CareCredit partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Pet Resort Hospitality GroupcoreIn June 2026, CareCredit announced a partnership with Pet Resort Hospitality Group, making its credit card the preferred financing option across 40 premier pet resort locations in 12 states. The collaboration covers services from daycare and grooming to boarding and training, extending CareCredit beyond veterinary clinics into everyday pet services. The partnership also links payment flexibility with Pet Resort University's training program for over 1,000 industry professionals.
- LiveLoveSpa.comminorCareCredit announced a partnership making LiveLoveSpa.com the first eCommerce partner in the cosmetic space to offer CareCredit as a built-in checkout payment option through Shopify. This enables consumers to apply for and use financing at point of sale for beauty and wellness purchases.
- Figo Pet InsurancecoreSynchrony announced a partnership with Figo Pet Insurance to expand its pet health reimbursement solution. Pet owners who have both a Figo policy and CareCredit card can receive approved claim reimbursements directly credited to their CareCredit account. The partnership expands CareCredit's pet insurance reimbursement ecosystem to more than 1.2 million insured policyholders across approximately 85% of U.S. veterinary practices enrolled in the CareCredit network.
- Weave CommunicationscoreWeave announced a strategic partnership with Synchrony to integrate CareCredit's patient financing solution into Weave's all-in-one customer experience and payments platform for healthcare practices. The integration allows front office staff to view a patient's CareCredit status and available funds directly within Weave's workflow, enabling more informed financial conversations before patients arrive and reducing treatment deferral.
- Behavioral InnovationscoreBehavioral Innovations, a leading Applied Behavior Analysis (ABA) therapy provider in the United States, partnered with CareCredit to offer financing options for families seeking ABA therapy services. This partnership marks the first time CareCredit has collaborated with a major ABA therapy provider, expanding how families can manage out-of-pocket costs and reduce delays in starting care.
- Pumpkin Pet InsurancecoreSynchrony and Pumpkin Pet Insurance partnered to deliver simple reimbursements for pet owners through CareCredit. Pet owners using CareCredit and Pumpkin Pet Insurance can pay veterinary expenses upfront and receive reimbursements directly to their CareCredit accounts.
- Epic Systems (MyChart)coreCareCredit is integrated with Epic MyChart, enabling patients to select CareCredit as a payment option directly within Epic's patient portal. Healthcare providers using Epic can activate CareCredit to offer patients flexible financing directly within their existing EHR workflow.
- Pets BestcorePets Best is listed as a partner on CareCredit's website, offering pet insurance integration that allows pet owners to manage veterinary costs with flexible financing options.
- Synchrony BankcoreCareCredit is issued by Synchrony Bank and is part of Synchrony's portfolio of retail credit and healthcare financing solutions. Synchrony provides the banking infrastructure, credit risk management, and compliance framework for the CareCredit card program.
Scale indicators22 records
Recent moves6 records
Expansion highlights6 records
CareCredit competitors and assessment
Company assessmentDirect peers
- Sunbit: Sunbit is a BNPL financing platform focused on healthcare, dental, vision, veterinary, and automotive. It competes directly with CareCredit by offering point-of-sale patient financing with softer credit checks and no deferred interest complexity, targeting the same provider base and consumer segments.
- PatientFi: PatientFi provides patient financing for elective medical procedures including cosmetic surgery, dentistry, and fertility treatments. It directly competes with CareCredit in the elective healthcare financing space with a focus on high-value procedures and provider-friendly technology.
- Alphaeon Credit: Alphaeon Credit is a private-label credit card for healthcare and wellness purchases, very similar in structure to CareCredit. It offers promotional financing for elective procedures including dental, vision, cosmetic, and dermatology, directly overlapping with CareCredit's core verticals.
- Scratchpay: Scratchpay provides payment plans specifically for veterinary and healthcare expenses. It competes with CareCredit in the veterinary market with a streamlined application process and no deferred interest structure, partnering with vet practices across the US.
- Access One MedCredit: Access One (formerly MedCredit) provides healthcare patient financing with a focus on no-interest and low-interest promotional financing. It serves similar healthcare provider segments as CareCredit, including dental, vision, and medical specialties.
- Walnut: Walnut is a healthcare-specific BNPL platform that integrates directly into provider workflows and patient communications. It targets the same dental, vision, and medical specialty providers as CareCredit with a modern fintech approach to patient financing.
Emerging players
- Wisetack: Wisetack provides consumer financing for home services and healthcare with a focus on software-integrated point-of-sale lending. It is an emerging competitor in healthcare practice financing with strong SaaS integration capabilities.
Broad incumbents
- Affirm: Affirm is a major BNPL provider that has expanded into healthcare financing with pay-over-time options for medical procedures. As a much larger publicly traded company, Affirm brings significant capital and brand recognition to healthcare BNPL competition.
- Klarna: Klarna is a global BNPL provider that has entered the US healthcare financing market. While its primary focus is general retail, its expansion into healthcare categories creates competitive overlap with CareCredit in select verticals.
Others
- Synchrony Financial: Synchrony Financial (NYSE: SYF) is CareCredit's parent company and issuer. While not a traditional peer, it owns and operates the CareCredit program alongside other private-label credit cards, providing banking infrastructure and capital for CareCredit's lending activities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CareCredit social profiles
Digital presenceCareCredit financial estimates
Financial estimateRevenue estimate
Valuation estimate
CareCredit leadership team
Management profileNumber of profiles
Profiles1 record
CareCredit subsidiaries and ownership
Company hierarchySubsidiaries3 records
CareCredit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CareCredit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CareCredit
What does CareCredit do?
CareCredit is a private-label health and wellness credit card that enables consumers to pay over time for out-of-pocket medical, dental, vision, veterinary, cosmetic, and hearing care that is typically not covered by insurance. Cardholders can access promotional 0% interest financing for 6, 12, 18, or 24 months on qualifying purchases of $200 or more, plus longer-term reduced-APR installment options through Synchrony Pay Later. The product is accepted at 285,000+ enrolled provider and retail locations across the U.S. and is supported by a cardholder mobile app and a dedicated Provider Center portal for merchant practices.
Is CareCredit a public or private company?
CareCredit is a private company. It is classified as corporate owned and is currently operating.
When was CareCredit founded?
CareCredit was founded in 1989. It employs 5,001 to 10,000 people.
Where is CareCredit based?
CareCredit is headquartered in Costa Mesa, United States, in the North America region.
How does CareCredit make money?
Three revenue lines are on record. Interest and Fees from Credit Cards are the primary driver. The others are provider Merchant Fees and promotional Financing Programs.
Who are CareCredit's main competitors?
Direct peers on record are Sunbit, PatientFi, Alphaeon Credit, Scratchpay, Access One MedCredit and Walnut. Wisetack is listed as an emerging player. Broad incumbents are Affirm and Klarna. Synchrony Financial is listed as an others.
Does CareCredit have an API?
No public API is recorded for CareCredit.
What industry is CareCredit in?
CareCredit's product category is Healthcare Financing. Its primary akta.pro industry code is FSAKABAC, Private Label / Store Credit Cards, with a secondary code of FSAKAFAF, Retail Credit (Closed-End) & Promotional Financing (0%/Deferred Interest). Its NAICS code is 522210 and its SIC code is 6141.