Do dentists have payment plans? This question is about Best Dental Loans

Do dentists have payment plans?

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This question is about Best Dental Loans

Adam McCann, Financial Writer

@adam_mccann • 11/08/19 This answer was first published on 11/08/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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A dentist may offer payment plans, but not all dentists do. A payment plan spreads out the cost of a dental procedure over time, whether it’s a filling, root canal, set of dentures, etc. Payment plans are especially useful for people who don’t have dental insurance, or whose dental insurance doesn’t cover the full bill. Dental costs often can be too expensive to pay all at once, with procedures like dentures costing $1,000 to $3,000 and braces running up an average bill of $5,000 to $6,000.

The availability and terms of payment plans differ drastically from dentist to dentist. Some dentists’ plans may require weekly payments; others may have monthly payments. And some payment plans are interest-free, at least for a certain period of time, while others do charge interest. Before taking care of your dental needs, call up dentists in your area to determine which have payment plans and what terms they offer. Make sure to find out what procedures or dollar amounts qualify for payment plans, and inquire whether the dentist will pull your credit when deciding whether or not you are eligible.

One example of a dentist payment plan is from Bright Now! Dental, a chain of dentist offices. They offer three different plans. The first involves making a down payment on your procedure and then paying off the rest over time with interest-free installments. Some patients may also qualify for a no-money-down, no-interest plan. And for people who need extended financing, Bright Now! offers up to 48 months to pay off procedures at a 14.99% APR. To qualify for any financing plan, patients will need to have an active checking account and usually must make a 30% - 40% down payment on the procedure cost.

If you can get a dental payment plan with 0% interest, the option is worth taking. Just make sure it’s not deferred interest, where if you don’t pay in full by a certain date, you owe interest at a high APR from the date of purchase.

If the available payment plans do have interest, you may want to consider other options. You can get pre-qualified for some personal loans to see if a loan would give you a better APR. You could also consider using a 0% APR credit card, or borrowing some cash from a family member or friend.

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How can you get dental loans with bad credit?

I have tried many times with several different companies and with different low to bad credit scores and always been turned down.I have seen ads online that say bad credit no problem but I have yet to find one.

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What are the best credit cards for dental work?

One of the best credit cards for dental work is the Wells Fargo Reflect® Card because it has a $0 annual fee and offers an intro APR of 0% for up to 21 months from account opening on qualifying purchases. That gives you plenty of time to finance costly medical procedures like dental work.

You do need to have good credit in order to get it, though, and the regular APR is 17.49% - 29.49% Variable.... read full answer

Here are some of the best credit cards for dental work:

Rates & FeesBest for Financing Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website

Intro APR: 0% for up to 21 months from account opening on purchases and balance transfers

Regular APR: 17.49% - 29.49% Variable

Balance Transfer Fee: 3% intro for 120 days, then up to 5% (min $5)

Annual Fee: $0

Minimum Credit Required: Good

Low APR & Rewards Fifth Third 1% Cash/Back CardFifth Third 1% Cash/Back CardLearn MoreLearn More

Intro APR: 0% for 21 months on purchases and balance transfers

Regular APR: 15.49% - 26.49% (V)

Balance Transfer Fee: 4% (min $5)

Rewards: 1% cash back on all purchases

Annual Fee: $0

Minimum Credit Required: Excellent

Low APR & Customized Rewards Bank of America® Customized Cash Rewards credit cardBank of America® Customized Cash Rewards credit cardLearn MoreLearn Moreon issuer's website

Intro APR: 0% for 18 billing cycles on purchases and 0% for 18 billing cycles for any balance transfers made in the first 60 days

Regular APR: 17.49% - 27.49% Variable

Balance Transfer Fee: 3%

Rewards: Initial bonus of $200 for spending $1,000 in the first 90 days along with 3% cash back in a category of your choice and 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly), plus unlimited 1% cash back on all other purchases

Annual Fee: $0

Minimum Credit Required: Excellent

NIH FCU Members NIH Federal Credit Union Visa® Signature Cash RewardsNIH Federal Credit Union Visa® Signature Cash RewardsLearn MoreLearn More

Intro APR: 0% for 15 months on purchases and balance transfers

Regular APR: 15.49% - 18% (V)

Balance Transfer Fee: 2% (min $10)

Rewards: 4 points per $1 spent on Gas (up to $6,000 annual spend), Electric Vehicle Charging, Rideshare/Taxi/Limo, Groceries, Wholesale Clubs & Utilities (including streaming) and 1 point per $1 spent on all other purchases

Annual Fee: $0

Minimum Credit Required: Excellent

Cash Back Rewards AARP Rewards Credit CardAARP Rewards Credit CardLearn MoreLearn More

Intro APR: 0% for 15 months on balance transfers

Regular APR: 21.24% - 30.24% (V)

Balance Transfer Fee: 5% (min $5)

Rewards: Initial bonus of $100 along with 3% cash back on gas and drug store purchases, 2% on medical expenses and 1% on all other purchases

Annual Fee: $0

Minimum Credit Required: Good

Store Card for Medical Expenses CareCredit Credit CardCareCredit Credit CardLearn MoreLearn More

Intro APR: Deferred APR of 0% - 17.9% for 6 - 60 months on purchases

Regular APR: 26.99%

Annual Fee: $0

Minimum Credit Required: Fair

Tips for Selecting the Right Credit Card for Dental Work

If you are simply looking to get the most bang from the bucks you spend on dental work, you could go for a solid cash back card. The Bank of America Customized Cash Rewards credit card is a good example.

Just keep in mind that if you pay for dental work with a credit card there may be a surcharge, which could cancel out the value of any rewards you get. In that case, you would need a card with a big initial bonus to make it worth your while.

Alternatively, if you want a long financing period but your credit isn’t in great shape, you could go for the CareCredit Credit Card. You only need fair credit to get it, and it’s designed to give you promotional financing on most types of medical procedures. That includes all kinds of dental work from regular checkups and fillings to root canals and braces. You can have 0% deferred interest for up to 6 - 60 months on some procedures. But deferred interest is only good if you’re able to pay off your balance in full within the 0% timeframe. Otherwise, you’ll owe interest as if a 26.99% APR had been in effect the whole time.

You should always be wary of deferred interest financing. If you have fair credit, cards with deferred interest may offer you the longest 0% periods, but you could get stuck with a mountain of interest if you do not pay in full by the end of the intro period. So, it is safer to put your financing on a card with true 0% interest.

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