LendingClub does have a credit card, though it’s not really advertised as such. LendingClub’s “Patient Solutions” division offers a revolving line of credit for medical procedures, in partnership with Comenity Capital Bank. Most parts of LendingClub’s site simply refer to this product as a “line of credit” (which functions the same way a credit card does, just without a physical card). But LendingClub’s fine print refers to it as a “credit card,” as does the login page on Comenity’s site.
Keep in mind that use of this LendingClub credit card is very limited. It’s only usable for dental or hair restoration expenses at participating medical offices. But if you’re interested, there are two plans. One has a credit line of $499 to $32,000 and offers no interest for 6, 12, 18, or 24 months. After that, there’s an APR of 26.99%. Just note that “no interest” is really deferred interest. If you don’t pay in full by the end of the promotional period, you’ll owe interest at the regular APR as if it started accruing from the date of purchase. The second plan is a credit line of $1,000 to $32,000. It offers a 17.90% APR for 24, 36, 48, or 60 months. After that, the APR is 26.99%.
You can check your options on LendingClub’s website to see what you might qualify for. LendingClub will show you the available plans based on which medical office you’re going to visit as well as a preliminary look at your credit and other financial information (which will not affect your credit score).
Other LendingClub & Credit Card Options
LendingClub does not have a general-use credit card – one that you can use pretty much anywhere, for anything. But they do have decent personal loans, which you can use for nearly any expense. You can borrow $1,000 to $40,000 at an APR of 6.95% to 35.89%, with an origination fee of 1% to 6% of the loan amount.
Personal loans aren’t the best product if you’re looking to finance purchases on a regular basis, though. If you’re more interested in credit card offers, you can start by checking out WalletHub’s picks for the best credit cards right now.