Synchrony CareCredit Launches Healthcare Installment Loan
Synchrony's CareCredit introduces one-time healthcare payment plans for out-of-pocket expenses.
In brief
Synchrony's CareCredit introduces one-time healthcare payment plans for out-of-pocket expenses. Synchrony's CareCredit launched a one-time-use installment loan for healthcare expenses at 20,000 wellness locations. Originally reported by Pymnts.
CareCredit Launches New Product
CareCredit introduced a one-time-use installment loan for healthcare expenses at 20,000 wellness locations.
Fixed Payment Options Available
The product offers fixed monthly payments, clear payoff timelines, and fixed APR for defined care expenses.
Healthcare Provider Integration
The product is available at dental, cosmetic, vision and audiology care providers through CareCredit's payment calculator.
Consumer Payment Influence
47% of single parents rate BNPL availability as very or extremely influential when choosing healthcare providers.
Generational Differences
Gen Z consumers show 49% influence from BNPL availability versus 6% among baby boomers and seniors.
The short version
Synchrony's CareCredit launched a one-time-use installment loan for healthcare expenses at 20,000 wellness locations.
