Standard CareCredit APR is typically 29.99% for new accounts.
Estimated Payment Details
Monthly Payment: $0.00
Total Interest: $0.00
Total Amount Paid: $0.00
Understanding Your CareCredit Financing Options
CareCredit is a specialized credit card designed for health and wellness expenses that may not be covered by insurance. This includes dental work, veterinary care, cosmetic procedures, and hearing aids. Unlike standard credit cards, CareCredit offers specific promotional financing terms.
1. Deferred Interest (No Interest if Paid in Full)
This is the most popular CareCredit option for purchases over $200. You are required to make minimum monthly payments. If you pay the full balance within the promotional period (6, 12, 18, or 24 months), you pay zero interest. However, if the balance is not paid in full by the end of the term, interest is charged to your account from the original purchase date at the standard APR (usually 29.99%).
2. Reduced APR and Fixed Monthly Payments
For larger procedures (typically $1,000 or more), CareCredit offers longer-term plans ranging from 24 to 60 months. These plans carry a fixed interest rate (usually lower than the standard APR) and require equal monthly payments until the balance is paid in full. The interest is baked into the monthly payment from day one.
Example Calculations
Example A (Dental): A $3,000 procedure on a 12-month Deferred Interest plan would require roughly $250/month to pay off before interest kicks in.
Example B (Veterinary): A $5,000 emergency surgery on a 48-month Fixed Payment plan at 16.90% APR would result in a monthly payment of approximately $143.96, with a total interest cost of $1,910 over the 4-year period.
Important: This calculator provides estimates only. Actual payments are determined by CareCredit at the time of purchase. Always check your billing statement for your specific interest rates and minimum payment requirements.
function updatePlanType() {
var plan = document.getElementById("promoPlan").value;
var aprContainer = document.getElementById("standardAprContainer");
if (plan.indexOf("deferred") !== -1) {
aprContainer.style.display = "block";
} else {
aprContainer.style.display = "none";
}
}
function calculateCareCredit() {
var cost = parseFloat(document.getElementById("procedureCost").value);
var planValue = document.getElementById("promoPlan").value;
var resultDiv = document.getElementById("careResult");
if (isNaN(cost) || cost <= 0) {
alert("Please enter a valid procedure cost.");
return;
}
var months = 0;
var monthlyPayment = 0;
var totalInterest = 0;
var totalPaid = 0;
var planNote = "";
if (planValue.indexOf("deferred") !== -1) {
// Deferred Interest Logic
months = parseInt(planValue.split("-")[0]);
monthlyPayment = cost / months;
totalInterest = 0; // Assuming paid in full
totalPaid = cost;
planNote = "To avoid interest charges, you must pay the full balance of $" + cost.toFixed(2) + " within " + months + " months. If not paid in full, interest will be backdated at the standard APR.";
} else {
// Fixed APR Amortization Logic
var apr = 0;
if (planValue === "24-fixed") { months = 24; apr = 0.1490; }
else if (planValue === "36-fixed") { months = 36; apr = 0.1590; }
else if (planValue === "48-fixed") { months = 48; apr = 0.1690; }
else if (planValue === "60-fixed") { months = 60; apr = 0.1790; }
var monthlyRate = apr / 12;
monthlyPayment = (cost * monthlyRate * Math.pow(1 + monthlyRate, months)) / (Math.pow(1 + monthlyRate, months) – 1);
totalPaid = monthlyPayment * months;
totalInterest = totalPaid – cost;
planNote = "This is a fixed monthly payment plan with an APR of " + (apr * 100).toFixed(2) + "%. Total cost includes principal and interest.";
}
// Display Results
document.getElementById("monthlyAmount").innerText = "$" + monthlyPayment.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("totalInterest").innerText = "$" + totalInterest.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("totalPaid").innerText = "$" + totalPaid.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("planNote").innerText = planNote;
resultDiv.style.display = "block";
}