Access One is not, strictly speaking, a credit card. As they say on their website, it is rather a payment plan, however, you do get a card, Access One MedCard. Basically, you connect youг medical provider with the Access One company and add balances from paying your bills to your account at Access One. For that you need to contact either your provider or Access One. Access One Consumer Health provides you with an opportunity to pay for your medical purchases without an interest for some time.
It works this way: they evaluate your credit history and make a payment plan specifically for you, that gives you some time to pay off your balance without interest. Each month you need to pay some fixed amount by the due date, and if you fail to do that, you’ll be switched to an interest-bearing account until paid in full. Besides, if you add new balances to the card, the payment plan will be recalculated with the minimum payment adapted to the changes. Payment plans are very individual, and Access One doesn’t make the figures public, you need to start working with them to learn about yours. Generally, the system seems to be overstructured and difficult to work with.
So, basically medical credit cards:
- have an obscure system of payment plans,
- are rather difficult to use,
- are accepted only at selected providers,
- don’t bring rewards.
Totally different is the situation with the general credit cards. Where with Access One Medical Card it takes a lot of guesswork to calculate your payment plan and find out how much exactly you need to pay each month – and you won’t learn that until you sign up and your individual plan is worked out for you! – with a regular credit card you’ll learn everything from the start, and all the figures are plain and straightforward. Besides, with a general credit card you won’t ever face this overcomplicated hassle of contacting the provider or the issuer to put your bills on the card. You just pay with your credit card and that’s all the trouble. General cards are accepted everywhere, and you don’t have to worry about that either. As for the 0% interest rate period, they can be very long up to the 21 months that Citi Simplicity® Card – No Late Fees Ever offers (when the introductory interest rate is over, the ongoing APR will apply), the balance transfer fee is 5% of each balance transfer ($5 minimum).
Finally, there’s an option that you will never encounter in a medical payment plan – earning rewards. There are actually cards that offer both a no interest payment plan on all purchases and rewards too. For example, the Discover it® Miles offers both 14 months of 0% intro APR on purchases (when the introductory period is over, ongoing APR will apply) and 1.5 miles on all purchases. Basically, you can pay for your medical expenses and earn rewards enough to go on holiday. If you want to see more options, you may want to see the whole pool of cards with 0% intro on purchases.