Synchrony Financial (NYSE:SYF) is making its CareCredit health and wellness credit card available as a financing option for the veterinary university hospitals of Virginia Tech, the University of Missouri and Oregon State University, it said on Wednesday.
The move enables flexible financing options for pet owners to pay for veterinary care. Overall, the CareCredit solution is available at over 25K veterinary providers and is accepted at 28 of the nation’s 29 public veterinary university hospitals for general practice, specialty and emergency care.
Note veterinarians typically refer their clients to such hospitals “that serve a vital role in lifetime care, and knowing budget-friendly solutions are available can reduce barriers due to cost,” the company said.
If approved for CareCredit, a pet owner can use their account to pay for their service immediately. Depending on purchase amount, short-term and long-term promotional financing options are available, including deferred interest if paid in full within six, 12, 18 or 24 months and reduced APR with fixed monthly payments for 24, 36, 48 or 60 months.