06 November 2026

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CareCredit Pay Later Launches for Health and Wellness Financing

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CareCredit Pay Later is CareCredit’s enhanced installment loan product, which will be presented digitally alongside CareCredit’s revolving credit card to give consumers additional payment options and simplify offer comparisons.

CareCredit , a Synchrony (NYSE: SYF ) solution, recently 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 them budget for products and elective health and wellness expenses not covered by insurance. CareCredit Pay Later provides an additional option alongside CareCredit’s existing credit card, offering eligible consumers another way 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 plans to expand 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 and choose the product that best fits their budget, including:

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 promotional mix to deliver more accurate estimated payment amounts. In addition, providers can now modify loan amounts before funding, creating greater flexibility to accommodate changes to treatment plans 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 appear 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. The 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 such as CareCredit’s procedure calculator, and an educational consumer guide to managing financial 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 multiproduct experience can help improve treatment conversion and acceptance. CareCredit also eases administrative burdens and helps simplify the payment process.

“When it comes to health and wellness, a ‘one-size-fits-all’ payment plan doesn’t work for everyone,” said Beto Casellas, executive vice president and chief executive officer of Health & Wellness at Synchrony. “With CareCredit Pay Later, consumers now have more options to choose from based on their purchase, monthly budget, and preferences. By expanding these choices, we’re empowering people to plan and pay for the care they want.”

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

CareCredit Pay Later is a single-use installment loan that offers eligible consumers a fixed APR, set monthly payments, and a defined payoff timeline to help them budget for specific health and wellness expenses.

CareCredit utilizes Synchrony PRISM®, an advanced underwriting engine that looks at an applicant’s complete financial picture. PRISM evaluates overall active debt commitments, including active loans across other platforms, to help ensure applicants are not taking on payments they cannot comfortably manage.

CareCredit Pay Later is a single-use installment loan that closes once the balance is paid in full. The CareCredit credit card is a reusable line of credit offering deferred-interest options and ongoing use across more than 290,000 provider and retail locations nationwide.

CareCredit Pay Later offers consumers longer-term installment options with fixed monthly payments, a fixed APR, and defined payoff timelines designed to help them budget for larger health and wellness expenses, whereas Pay in Four plans typically split smaller purchases into four short-term, biweekly payments.

No. Consumers can see if they prequalify for CareCredit financing options through a simple application with no hard credit check, meaning there is no impact on their credit score.

CareCredit Pay Later is currently rolling out to nearly 20,000 participating health and wellness locations, including select dental, cosmetic, vision, and audiology providers, with planned expansion across CareCredit’s network over time. Consumers are encouraged to ask their provider which CareCredit payment options are currently available at their practice.

CareCredit Pay Later is designed as a single-use loan for a specific treatment, procedure, or purchase. For ongoing care needs, elective care, and repeat use across the provider network, the CareCredit credit card remains a reusable financing option.

Because every consumer’s financial situation is different, a “one-size-fits-all” approach to payments no longer works. By offering an expanded suite of payment options through a single application, providers can meet diverse consumer wants and needs and help more people say “yes” to recommended care. Furthermore, CareCredit manages all billing and collections, streamlining the payment experience for practice staff and protecting providers against payment delays and defaults.

The findings cited in this release are drawn from two CareCredit consumer research studies: Well, Informed , which explored consumer attitudes and experiences related to healthcare costs and payment preferences, and Path to Purchase , which examined when and how payment information influences decisions across the healthcare journey. Respondents across both studies totaled 4,105. Additional methodological information is available upon request.

Synchrony (NYSE: SYF) is a leading consumer financing company that has been at the heart of American commerce and opportunity for nearly a century. Synchrony delivers credit and banking products that empower tens of millions of consumers to improve their financial lives and access what matters most. Leveraging innovative solutions that are shaping the future of retail commerce, Synchrony supports the growth and success of some of the nation’s most respected brands, alongside hundreds of thousands of small and midsize businesses, including health and wellness providers. Committed to excellence in service and culture, Synchrony is honored to be ranked the No. 1 Best Company to Work For® in the U.S. by Fortune magazine and Great Place to Work®.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Source: https://www.carecredit.com/pay-later/