CareCredit Pay Later: Another Way to Plan and Pay for Hearing Care

STAMFORD, CONN—CareCredit, a Synchrony (NYSE: SYF) solution, today launched CareCredit Pay Later, its enhanced and rebranded  installment loan product that provides health and wellness consumers with a clear payment plan and defined payoff timeline to help budget for products and elective health and wellness expenses not covered by insurance.

CareCredit Pay Later presents another option to CareCredit’s existing credit card and offers another way for eligible consumers to plan and pay for care. It is available today at nearly 20,000 health and wellness locations, including select dental, cosmetic, vision, and audiology care providers, with expansion across CareCredit’s entire network over time.

Through a single credit application, eligible consumers can view the full array of CareCredit payment options available to them, so they can choose the product that best fits their budget, including:

• CareCredit Pay Later: A one-time-use installment loan, offering fixed monthly payments, a clear payoff timeline, and a fixed APR  for defined care expenses.
• CareCredit Credit Card and CareCredit Rewards Mastercard®: Reusable revolving credit products that offer special financing options with convenient monthly payments, accepted across 290,000 locations nationwide, as well as select retailers, such as Albertson’s, Walgreens and Walmart.

CareCredit Pay Later offers enhanced tools designed to make financing conversations even easier for providers and consumers. The payment calculator, available directly from the Provider Center portal homepage, now includes CareCredit Pay Later and uses each provider’s specific promo mix to deliver more accurate estimated payment amounts. In addition, providers can now modify loan amounts before funding, creating greater flexibility to accommodate for treatment plan changes and helping ensure financing stays aligned with care decisions.

To ensure consumers are extended credit responsibly, CareCredit utilizes Synchrony PRISM®, Synchrony’s proprietary underwriting platform. PRISM evaluates an applicant’s broader financial health—looking beyond static credit scores to evaluate active lines of credit, debt-to-income indicators, and existing loan commitments that may not show on traditional credit reports.

Consumers are encouraged to ask their participating CareCredit enrolled provider about the payment options that may be available to them, so they can make an informed decision. CareCredit Fair Financing Principles (FFP) initiative—designed to set a high standard for transparency and consumer education—connects consumers with product comparison guides, budgeting tools like CareCredit’s procedure calculator, and an educational consumer guide managing commitments responsibly.

"In an industry where many treatments and products are elective, having flexible ways to pay for care is critical for consumers," said Adam Reinebach, CEO of the American Med Spa Association (AmSpa). "For med spa customers, having choices like the CareCredit credit card and CareCredit Pay Later can make it easier to move forward with the care they want, while benefiting from the confidence of paying through a trusted industry financing partner."

By providing tailored choices up front and allowing participating providers to easily customize promotions and then view, filter, and share available offers, this multi-product experience can help improve treatment conversion and acceptance, while CareCredit eases administrative burdens and helps simplify the payment process.

Research Shows Payment Clarity and Choice Matter When Planning and Paying for Care

The expanded offering comes as CareCredit consumer research reveals how strongly cost,  payment clarity and choice can shape care experiences and decisions.