When buying a car or a house, you rarely pay the full amount right then and there. Most people need to finance their larger purchases to pay over time. Financing helps make expensive costs manageable, keeping major expenses accessible to more people. But it’s not just for homes and automobiles. At Riviera Dental Care in Foley, AL, we provide patients with the option to finance their dental work! With options like Cherry and CareCredit, you can get the dental care you need and pay over time. But when comparing Cherry vs. CareCredit, patients are understandably confused about which institution to trust.
Each company has its own advantages, so it’s important to know which is best for your budget before choosing. At Riviera Dental Care, our dedicated financing team will help you better understand your financing options so you can make an informed decision.
What Is Cherry Dental Financing?
Cherry Dental Financing is a buy-now-pay-later installment plan that focuses on healthcare and aesthetics. Similar to how you may finance a car or a house, Cherry will pay the balance for your dental work upfront while offering you the option to pay it back over time.
Depending on your eligibility, your monthly payment plan will range from short-term (4 to 6 weeks) to long-term (up to 60 months). And, in select cases, you may qualify for a genuine 0% Annual Percentage Rate (APR)! Otherwise, you’ll receive an interest-bearing plan with a disclosed APR, helping you avoid the risk of surprise fees and retroactive interest.
During your consultation at Riviera Dental Care in Foley, AL, we will run a soft-credit check. This check will not affect your credit score and simply allows us to learn if you qualify. And with Cherry, we find that most patients typically do! Cherry Dental Financing claims to have an approval rate of around 90% and is a great option for those who are credit-sensitive and want predictable payments.
What Is a CareCredit Card?
CareCredit works very differently from Cherry Financing.
CareCredit is a healthcare credit card that’s used for a variety of health-related procedures. If approved, you can use your CareCredit card at thousands of providers across the country.
Similar to a traditional credit card, CareCredit offers a specific credit balance that you will carry on your card. And for those eligible, you may be able to enjoy promotional 0% APR financing for a limited time! As long as you pay the full balance on your card by the end of the promotional period, your interest will be waived. However, this offer is only valid if you pay the full amount within the promotional period. If you can’t, accrued interest from the purchase date may be charged.
Additionally, CareCredit uses more traditional credit scoring. If you have thin or damaged credit, you may find qualifying difficult. When you do qualify, CareCredit offers terms ranging from 6 to 60 months, with possible 0% APR plans for the 6- to 24-month options. With CareCredit, you can reuse your card at different institutions to make healthcare-related expenses fit your budget!
Cherry vs. CareCredit: Comparing Your Financing Options
| Cherry Financing | CareCredit | |
|---|---|---|
| Type of Financing | Cherry is a buy-now-pay-later installment plan. Once they approve you for a specific amount, you will need to make a down payment. Then, you’ll make fixed monthly payments to pay off your dental work over time. | CareCredit is a healthcare credit card that can be used at a variety of providers. Once you’re approved, you’ll get a credit limit that allows you to buy now and pay back CareCredit over time. |
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Cherry vs. CareCredit: Which Is Right for You?
Dental work can be expensive, but that doesn’t mean you’re out of luck! Just like you may finance any big purchase in your life, you can finance dental care. When you visit us for a consultation in Foley, AL, we will go over costs and financing options. We will help you compare Cherry vs. CareCredit to find the solution that best works for you. And with a soft credit check, we can determine whether you’ll qualify for financing and help you choose a plan that fits your budget.
Book a consultation (free for dental implant inquiries!) to learn which option is best for your smile.
Follow Riviera Dental Care on Instagram and Facebook to look at the variety of dental procedures we offer!
