ScratchPay vs CareCredit

Advertising Disclosure

ScratchPay vs CareCredit: the better alternative to online medical payments

Healthcare is a broad term that mostly pertains to a system that involves the maintenance of medical services in order to meet the ever-growing demands of people. It is among one of the basic necessities that is required to keep one fit in today’s world. Keeping in mind the current global pandemic situation, healthcare has now become more important than ever.

Every family is looking for better ways to keep themselves protected and secured.  In such a situation, healthcare financing has become increasingly necessary. Do you face issues with finance when it comes to healthcare? Is it hectic for you to spend time and stress about it?

Healthcare financing systems are pivotal for reaching universal health coverage. Healthcare financing deals with generation, allocation and use of financial resources in the healthcare system. In India several Union and State level policy interventions in the recent past were designed and implemented to address gaps/challenges in healthcare financing.

The National Health Mission, Rashtriya Swasthya Bima Yojana, State financed health insurance schemes, Public Private Partnerships in operating ambulances etc. were all interventions in this direction. Ventures like ScratchPay an CareCredit come to rescue.  

How does online health financing come into the picture?

Today’s world is a fast pacing world. The world around us is growing at a rate faster than ever. This global pandemic has affected everyone’s life around the globe and has brought forth a sudden shift towards digital platform. There has been a steep rise in the adoption of online payments since the use of smartphones has increased. 

Online invoice payments help save time, are faster and save maximum efforts for the clients. It also helps in reducing excessive costs involved in physical transactions. Having an online invoice payment gives people an option to pay from the variety of online payment gateways around the world and make invoicing a hassle-free process. It also helps in reducing the significant amount of paper invoices that will be printed and used to send invoices. Furthermore, no more hassle of waiting for a check to show up, depositing it, and then waiting for the funds to clear. 

Now we will compare Scratchpay and CareCredit and see which one works better. 

ScratchPay vs. CareCredit: the comparison 

ScratchPay, founded in 2016, aims to bring financial technology to veterinary care through its financial assistance platform. Through partnerships with veterinary offices, Scratchpay offers payment plans to individuals who may not be able to pay those bills altogether. They currently have partnerships with more than 8000+ companies involved in this domain, thus providing an easy way for multiple payment plans. 


ScratchPay provides their users with a namesake credit card. Using that card, whenever required, you can apply for a loan to cope up with a new vet expense. You can apply for a loan of the exact amount of money required. The amount gets directly paid to the veterinarian’s office. Thus, it provides for a hassle-free payment process. 

If something else comes up, and you need more financing, you can apply for another Scratchpay loan and keeping multiple accounts at once. Since the amount borrowed is based on one singular vet expenditure, and you can apply for multiple loans at once if you need to, there shouldn’t be a need for borrowing more than $10,000. There are no major requirements for a person to open a ScratchPay account and anyone can apply for it. The application criteria are more or less similar to major credit cards.

What loan products are provided by ScratchPay?

They have different schemes like 90 days with 0% APR ,12-months (interest rate varies), 24-month loan (interest rate varies), Take 5 and pay 20% down the day that you sign on with the plan. Then the other 4 payments of 20% each are due every two weeks. This option also is 0% APR

One thing that customers love about Scratchpay is that they perform a soft credit check when you apply, meaning that your credit doesn’t show the inquiry or receive any “dings” (to use the technical term). Scratchpay also uses a “merit based” approval using their own internal algorithms, and carry your loan in-house, so they are able to make their own decisions on who to lend to without being tied to another cooperating lender

What routine care is included in ScratchPay?

ScratchPay takes care of a lot of needs. It includes routine care like annual check-ups, teeth cleanings, parasites, dermatology, medication, diagnostics, vaccinations and food and nutrition.

CareCredit is a healthcare credit card designed for your health, and wellness needs. It’s a way to pay for the costs of many treatments and procedures and allows you to make convenient monthly payments. CareCredit is accepted at over 200,000 providers nationwide for LASIK and Vision Care, Cosmetic and Dermatology Procedures, Dentistry, Veterinary, Hearing Care and other specialties. CareCredit is now also accepted at select retail locations. 

How to apply for CareCredit card?

CareCredit is flexible in when it comes for methods of application. For those who do not prefer human interaction, a phone application process is available for CareCredit applicants along with the online application. And for the truly old school, in person application is available at most veterinary clinics that accept CareCredit


After applying for the card, CareCredit will send you a notification regarding the status of your veterinarian on the very same day, so that your furry little friend can begin with whatever treatment is required.

What services are provided by CareCredit?

CareCredit is very similar to any other credit cards in your wallet.  A client can use it whenever a new health expenditure arises. The card can be used anywhere.  You make payments based on your balance and interest. You can also apply to increase your credit limit if you have a good standing.

They also have the option of automatic monthly payments. This can be done via email or through your online CareCredit account in the CareCredit app.

Interest rates vary, but they usually range from 14.90 and 17.90 percent APR.

With Care Credit, the deferred interest attached to the 0% APR repayment plans has high potential for confusion. If you go with a plan with 0% APR for a certain amount of time, it may seem like interest is not accruing and your veterinary office may have even communicated it that way. But the interest is accruing at 26.9%, and if you go past your promotional interest-free period, you can end up paying the accrued interest- which can soar to dollar amounts in the thousands.

Scratchpay vs. CareCredit: the final thought

Health and finance are two things for which every person works. They are the basic necessity that every person works for. We think ten times before we invest in anything as the money is very important nowadays. Health care is something that is a necessary expenditure and one cannot compromise on it. We need to find ways that are effective and benefitting while spending on healthcare.  ScratchPay and CareCredit are some options that are beneficial while spending for your family and pets. However, among these three, we prefer

CareCredit to be the clear winner in our eyes simply because of a few reasons. For over 30 years, CareCredit has been providing a valuable financing option for treatments and procedures that typically are not covered by insurance, or for times when insurance doesn’t cover the full amount. CareCredit is also used by cardholders to pay for deductibles and co-payments. They also recently acquired Pets Best to expand how CareCredit helps pets, over the course of their lifetime. It’s a new way we’re helping people who love their pets.

Care Credit on the other hand boasts half of veterinary clinics across the country. And its website offers a search function where you can quickly enter your zip code and city name to locate your local options. And if you jump ahead to where we are today, the CareCredit credit card is accepted at more than 225,000 enrolled provider and health-focused retail locations and is used by more than 11 million + cardholders.

Today many of them are also using CareCredit for their everyday health and personal care purchases at places like Rite Aid and Lens Crafters. They are even using their card for co-payments, deductibles, and prescriptions as out-of-pocket costs continue to rise.

However, at the end of the day, it all results upon what option works for you and suits you the best.

Until then, 

Stay Healthy!

Leave a Reply

Your email address will not be published. Required fields are marked *