CareCredit

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.

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

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

• Healthcare financing
• Patient credit cards
• Promotional financing programs
• Wellness lending solutions
• Medical expense credit

Headquarters

HQ city

Costa Mesa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core 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

Named customers20 records

Segments17 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Pet Resort Hospitality GroupcoreStrategic or Co-development Partner · 1 June 2026In 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.comminorGTM or Marketing Partner · 1 June 2026CareCredit 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 InsurancecoreStrategic or Co-development Partner · 1 March 2026Synchrony 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 CommunicationscoreTechnology or Integration · 1 February 2026Weave 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 InnovationscoreStrategic or Co-development Partner · 1 February 2026Behavioral 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 InsurancecoreStrategic or Co-development Partner · 1 October 2025Synchrony 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)coreTechnology or IntegrationCareCredit 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 BestcoreStrategic or Co-development PartnerPets 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 BankcoreOthersCareCredit 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

Direct 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

• Xx.com/carecredit
• YouTubeyoutube.com/user/CareCreditLLC/feed
• Facebookfacebook.com/carecredit
• LinkedInlinkedin.com/company/carecredit
• Instagraminstagram.com/carecredit
• Pinterestpinterest.com/CareCredit

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CareCredit