SmartHealth PayCard™ Mastercard®
- Annual fee
- $120
- Recommended credit
- Good / Fair / Poor
- Card network
- Mastercard
- Regular purchase APR
- 18%
At a glance
The SmartHealth PayCard™ Mastercard® is a medical credit card that offers coverage for unexpected medical costs, prescriptions, and more. The card, which features credit limits of up to $30,000, also offers accidental death insurance, accidental medical expense insurance, and prescription savings – for a $120 annual fee.
Our review of the SmartHealth PayCard™ Mastercard®
The SmartHealth PayCard™ Mastercard® is revolutionizing the way Americans view credit cards, especially when it comes to medical expenses. Unlike traditional health savings accounts or insurance plans, the PayCard functions just like a regular credit card but can only be used for medical costs. This includes a wide range of expenses such as cosmetic procedures, veterinary care, and more.
How to Use the SmartHealth PayCard
With the SmartHealth PayCard™ Mastercard, cardholders have access to a credit line ranging from $1,000 to $30,000 to cover deductibles, co-pays, prescriptions, and other medical charges. This flexibility allows for payments towards doctor visits, counseling sessions, dental appointments, and even medical equipment.
Unique Benefits
One standout feature of the SmartHealth PayCard is the complimentary emergency medical coverage provided to cardholders. While not health insurance, this “Accident Medical Expense Insurance” reimburses up to $5,000 per year for hospital admissions, ER visits, and ambulance services. Additionally, cardholders receive accidental death coverage, access to a national prescription savings program, and a virtual credit card upon approval.
Other Card Features
- $120 annual fee
- Ability to add authorized users without additional credit checks
- Mastercard Zero Fraud Liability
Should You Apply for the SmartHealth PayCard™ Mastercard®?
Whether the SmartHealth PayCard is worth it depends on your current insurance coverage and financial situation. The $120 annual fee may seem steep, but for those concerned about unexpected medical expenses, it can provide peace of mind. The APR is standard for a rewards credit card, but those planning to finance costly procedures should consider the interest rates compared to medical loans.
Overall, the SmartHealth PayCard™ Mastercard is ideal for individuals with existing insurance looking to cover unforeseen medical costs. Parents, pet owners, and those anticipating multiple medical procedures may find this card particularly beneficial.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- 90 seconds to apply, and get a virtual card for use immediately
- Individual and family benefits of $5,000 accident and injury medical indemnity benefit coverage
- SmartHealth Rx provides pharmacy discounts of up to 85% on most generic drugs
- May also be used for veterinarian services
Who this card may suit
- You anticipate having additional medical expenses in the coming year
- You have children or pets and want the assurance of additional medical coverage
- You want to finance elective surgeries over-time
- You have insurance but want extra coverage and prescription savings
Rates, fees and terms
| Annual Fee | $120 |
|---|---|
| Regular Purchase APR | 18% |
| Cash Advance APR | See issuer terms |
| Cash Advance Transaction Fee | See issuer terms |
| Foreign Transaction Fee | 3% of the transaction amount in U.S. dollars |
| Late Payment Penalty Fee | Up to $35 |
| Return Payment Penalty Fee | Up to $35 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Good Credit Fair Credit Poor Credit.
Apply Now for SmartHealth PayCard™ Mastercard® (opens in a new tab)View issuer terms for SmartHealth PayCard™ Mastercard® (opens in a new tab)
SmartHealth PayCard™ Mastercard®
Apply Now for SmartHealth PayCard™ Mastercard® (opens in a new tab)You will leave this site for the issuer’s page. Confirm current terms there.
Similar cards
Revvi Card
- Earn 1% cash back rewards^^ on payments made to your Revvi Credit Card
- Perfect credit not required • $300 credit limit (subject to available credit)
- Annual fee
- $75 1st year, $48 after*
- Recommended credit
- Poor / Fair
- Purchase APR
- 35.99%*
Surge® Platinum Mastercard®
- Up to $1,000 Initial Credit Limit
- See if you Pre-Qualify with No Impact to your Credit Score
- Annual fee
- The annual fee ranges from $75 - $125
- Recommended credit
- Fair / Poor
- Intro APR
- See website for details*
Mercury® Mastercard®
- Free access to FICO score
- Reports to the three main credit bureaus
- Annual fee
- $0 to $79
- Recommended credit
- Fair
- Purchase APR
- 29.99% variable based on the Prime Rate