3 Disturbing Facts About Medical Credit Cards Every Consumer Should Be Aware Of

3 Disturbing Facts About Medical Credit Cards

Many healthcare providers promote medical credit cards as an easy way to pay. But don't apply before you know the risks involved. Here's what to know first.

The no-interest period isn't quite what it seems

• Deferred interest accumulates on the entire amount financed, not just the remaining balance.

You could wind up with more costly care

• Providers may offer more expensive treatments to those using medical credit cards.

You lose credit reporting protections

• Medical debt on a credit card affects your credit score and is treated like any other credit card debt.