Suppose, you recently underwent an emergency root canal, but you don't have dental insurance to cover the bill. The anguish of not knowing how you'll pay for this operation feels strong even when the medicine tries to numb your tooth ache.
To pay off your payment, your dentist's office offers you to apply for a medical credit card.
But wait, what is that?
Health credit cards are tailored to meet your medical requirements and improve your access to healthcare and medical services in an emergency. Consequently, the cards come with freebies like a yearly preventative check-up, a free online video consultation with the doctor, and access to a online prescription delivery service.
Though they are uncommon, health credit cards may have caught your eye recently. Perhaps one was presented to you as a means of payment for your most recent dental procedure or a mailer offering a medical credit card as a means of payment deferment came with your medical bill.
Banks including Axis Bank, SBI, and Yes Bank currently offer these cards for an annual fee ranging from ₹749 to ₹2,999.
Health credit cards resemble shop credit cards in appearance. However, most cards only let you charge particular medical treatments to the cards, and they're only accepted by a select few doctors. Some health credit cards have fewer underwriting requirements and accept all patients, regardless of credit history.
These cards, like many retail credit cards, provide 0% introductory discounts in the form of deferred interest costs. This implies that if you don't pay off your entire debt by the conclusion of the promotional period, you may owe interest on part or all of your original balance from the day you charged a medical treatment to the card.
Hearing this, you might wonder if the health credit cards are even worth it?
These healthcare credit cards might not be the best way to pay for your health care even though they seem to offer unique funding. Therefore, before getting a health credit card, you should conduct proper research and figure out if you really need one.