Benefits of CareCredit Preapproval for Patients and Practices

Having CareCredit preapproval can be a game-changer for both patients and medical practices. With preapproval, patients can have peace of mind knowing they have a financing option in place for unexpected medical expenses.

Patients can get approved for a CareCredit credit card with credit limits ranging from $500 to $25,000, giving them the flexibility to cover a range of medical costs.

This can be especially helpful for patients who may not have the means to pay for medical procedures upfront.

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CareCredit preapproval provides a positive financial experience for patients or clients, helping them feel comfortable moving forward with a convenient way to pay.

Prequalification is a soft inquiry that verifies their identity without impacting their credit score. If prequalified, patients will receive an offer to apply for the CareCredit credit card, which will trigger a hard credit bureau inquiry that may impact their credit score.

This process helps reduce barriers to care by allowing patients or clients to see if they prequalify and get real-time decisions with no impact to their credit score.

Related reading: Carecredit Credit Limit Increase

Prequalifying with CareCredit can provide a positive financial experience for your patients or clients. This can help them feel more comfortable moving forward with treatment.

By offering prequalification, you can give patients a convenient way to pay for their care.

Prequalification with CareCredit helps patients or clients feel comfortable moving forward with a convenient way to pay.

A soft inquiry verifies their identity and won't impact their credit score, giving them a real-time decision on prequalification.

Patients or clients can see if they prequalify and get real-time decisions with no impact to their credit score.

If approved, they can accept the offer and use their new credit card right away, reducing barriers to care and making it easier to access the medical attention they need.

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CareCredit preapproval has never been easier. With RevenueWell's enhancements, you can now take advantage of personalized CareCredit URLs (PURLs) that pre-fill patient-specific information, or even bypass steps in the application process for existing CareCredit card holders.

These PURLs can significantly shorten the time required to fill an application, allowing more patients to use CareCredit as a financing option and increasing the percentage of patients who can accept their treatment plan.

You can quickly send PURLs from within your real-time text conversations using Messenger Quick Links, providing just-in-time decision support for patients navigating questions of payment and affordability.

RevenueWell's advanced campaign features now allow you to include pre-approval as a targeting attribute alongside other advanced targeting criteria, enabling you to dramatically improve case acceptance by notifying patients with certain treatment plan codes that they are pre-approved for CareCredit financing.

Here are the key features and tools that make CareCredit preapproval a breeze:

With these enhancements, you can easily complete CareCredit workflows when the patient is in the office, including accepting or declining pre-approvals, processing payments, and checking the status of a payment on behalf of a CareCredit user.

CareCredit preapproval can be a bit confusing, but it's actually quite straightforward once you understand the process.

CareCredit prequalification is a step where Synchrony Bank checks if you can qualify for an offer of credit, and it doesn't affect your credit score.

If you prequalify, applying for a CareCredit credit card may impact your credit bureau score, so keep that in mind.

Many factors can go into changing preapproval or approval amounts, such as your credit score, profile, and lenders' risk tolerance.

The amount you request can also affect your preapproval, as one person found out when they increased the requested amount and saw their approved amount drop from 19k to 6k.

In fact, decreasing the requested amount can sometimes result in a higher approved amount, as this person experienced when their approved amount went back up to 19k after they decreased the amount requested.