Cosmetic procedures are pricy, but what if we say that you can finance them with a credit card instead of medical loan and save? Here's what you get:
- Freedom to choose the doctor you want. Medical loans are usually accepted by particular doctors;
- Ability to avoid interest charges during a 0% interest introductory period and then get a low APR;
- Opportunity to save while using a credit card with rewards program. Many credit cards come with 1% cash back.
When you are planning a cosmetic procedure, the financing aspect of the issue is the one of the most important. Most stumble here unable to continue because they can't get plastic surgery financing they need. So it is good if you look for financing options beforehand. There are various financing plans and it is worth looking around to apply for the best one for you.
Credit cards from major banks and credit card companies or medical loans - it is often hard to choose between them. Below are some tips that may help you.
Medical credit cards are accepted and can be used at certain doctors. General credit cards can be used almost everywhere and for anything else above medical procedures.
Medical credit can come with reasonable payment plan options and interest rate, but if you are late with one payment the interest can be applied retroactively to the entire balance rather than to the remaining balance.
Credit cards issued by major banks can have a 0% introductory APR or a low APR for up to 18 months. After the introductory period ends your APR will depend on your creditworthiness.
General credit cards will allow you to maintain or build your credit history. Plus if your credit card has a rewards program, you will be able to earn cash back or bonus points on credit card charges.