I have an upcoming medical expense of around $11k. I have the cash to pay it all now, but my doctor offers the option of using CareCredit to pay it off in monthly installments. The brochure I received says that as long as I pay it off under 6 months I will be charged no interest. This sounds preferable to me since I can pay ~2k a month instead of 11k all at once, and still pay no interest. Right?
Would using CareCredit be considered a credit inquiry, the same way as opening up a new credit card? In that case, would it hurt my credit score? I’m trying to buy an investment property in the next 6 months or so, so would that be disadvantageous?
Also, if I do decide to go through with CareCredit, can I make my monthly payments with a credit card to get points/miles? Or am I not allowed to pay off credit with credit?
Thanks!
Submitted September 23, 2020 at 10:24PM by ubicate https://ift.tt/3063l6x
