Wells fargo health advantage credit score requirements

In an age of coronavirus chaos and flu season, your trips to the doctor this time of year may be more frequent than usual. Or maybe you have an upcoming dental or vision procedure that you know will be costly. Whatever the case, expensive medical treatments can easily add up.

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Should I use a medical credit card?
Use this credit card instead
What credit score do you need for Wells Fargo?
Is it hard to get approved with Wells Fargo?
How can I get approved for a Wells Fargo credit card?

Depending on your insurance and what deductibles and other out-of-pocket costs you may be responsible for, it's possible your doctor recommends a medical credit card, such as the CareCredit® credit card or the Wells Fargo Health Advantage, to cover the hefty bill.

But while these healthcare credit cards appear to offer special financing, they aren't the best way to fund your well-being.

"A medical credit card is really nothing more than a credit card marketed toward medical providers and consumers with a medical use in mind," financial educator Thomas Nitzsche, of Money Management International, Inc (a 501(c)(3) nonprofit member of the National Foundation for Credit Counseling), tells CNBC Select.

Just like other types of credit, medical credit cards typically come with a promotional introductory interest rate period for the first six to 18 months. And like other types of credit cards, the interest rate typically shoots up into the 20% to 29% APR range once the promotion expires.

Should I use a medical credit card?

Unless you have first exhausted other options of paying your medical bill, such as applying for financial aid, and you have a realistic plan to pay off the debt within the medical credit card's promotional 0% APR period, there are usually better ways to resolve what is owed. In fact, by using a medical credit card to pay for your bill, you may actually forfeit other repayment options.

And if you're adamant about using a credit card, you may as well use a generic one.

"Using an existing general-use credit card's balance transfer promotional rate is essentially identical to using a medical credit card, but doesn't require a credit inquiry and opening a new line of credit — both factors that can ding your score," Nitzsche says.

Use this credit card instead

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

We accept Wells Fargo Health Advantage Credit Card to make improving your hearing health more manageable through convenient financing. With your Wells Fargo Health Advantage Credit Card, you can get the hearing instrument you need now and conveniently pay for it over time with convenient monthly payments. At Lesner Hearing Center, our plan issued by Wells Fargo is No Interest if Paid in Full within 12 months with a minimum down payment of $500 and minimum financed purchase of $300.

Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within the promotional period. ¹

¹ The Wells Fargo Health Advantage credit card is issued by Wells Fargo Bank, N.A., an Equal Housing Lender. Special terms apply to qualifying purchases of $300 or more charged with approved credit. Custom payments of 3.5% of the purchase price or $40, whichever is greater, of the original purchase balance are required during the promotional period. Interest will be charged to your account from the purchase date at the APR for Purchases if the purchase balance is not paid in full within the promotional period. Paying only the minimum monthly payment will not pay off the purchase balance before the end of the promotional period. For new accounts, the APR for Purchases is 28.99%. If the purchase balance is not paid in full at the end of the promotional period, the remaining purchase balance will be transferred to the regular balance. The monthly payment on the regular balance may be more than the monthly payment during the promotional period. If you are charged interest in any billing cycle, the minimum interest charge will be $1.00. This information is accurate as of 08/18/2022 and is subject to change. For current information, call us at 1-800-431-5921.

Your Health Advantage Credit Card
Wells Fargo Health Advantage Credit Card is a revolving line of credit issued in the form of a credit card. Wells Fargo offers special financing on purchases of $300 or more for healthcare costs not commonly covered by insurance, including hearing aids.

Learn more by visiting wellsfargohealthadvantage.com/apply or by contacting our office. Ready to apply?

Apply Online for your Wells Fargo Health Advantage Credit Card card today. It's the convenient way to improve your hearing health.

What credit score do you need for Wells Fargo?

Wells Fargo credit card approval odds are best for people who have good credit. Therefore, all Wells Fargo credit cards require a credit score of 700+.