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Emergency room visits or even elective medical procedures are inevitable for most people. While many medical bills are expensive, you might get an early pay discount or make a payment plan. The best credit cards can give you rewards and provide flexible repayment terms for your hospital visits. Here are a few things to look out for as well as any cards you might consider.
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
Lump-Sum or Hospital Payment Plans?
It can take several days or weeks to get all of the medical bills for a hospital trip. Most medical providers accept credit card payments and won’t charge the 3% card processing fee. You might get a discount if you pay the entire balance upfront.
The size of the medical bill, your current financial health, and your payment plan options help you decide to pay it all upfront. If you choose the lump sum method, you can easily qualify for a limited-time credit card signup bonus with a high minimum spend.
Best Credit Cards for Medical Bills
If you choose an interest-free monthly payment plan (or choose a lump sum), you can try these credit cards too. Keep reading to learn more.
- Citi® Double Cash Card
- Chase Sapphire Preferred® Card
- Chase Freedom Unlimited®
- Capital One Venture Rewards Credit Card
- The Blue Cash Preferred® Card from American Express
- American Express® Gold Card
- Southwest Airlines Credit Cards
Citi Double Cash Card
The Citi Double Cash earns up to 2% back on every dollar you spend. Cardholders earn 1% back when they buy plus the other 1% back when they pay. There is no limit to how much can be earned.
Most fixed cash back cards only award up to 1.5% back. You can redeem your rewards for cash statement credit, paper check, or bank deposits. There is no annual fee but this card also doesn’t have a signup bonus.
Related: Best cash back credit cards
Chase Sapphire Preferred Card
Another top-notch travel credit card is the Chase Sapphire Preferred. Medical bills and other non-bonus purchases earn 1 point per $1.
Once your family is healthy, you can enjoy Chase Sapphire benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases, plus more.
Each point is worth 25% more (1.25 cents) when booking award travel through Chase or transfer at a 1:1 ratio to hotel and airline partners. You can redeem them for 1 cent each for cash redemptions and gift cards.
New Chase Sapphire Preferred® Card cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That’s $750 when redeemed through Chase Ultimate Rewards®.
Some valuable travel and partner benefits include primary rental car insurance benefits.
The annual fee is $95.
Chase Freedom Unlimited
The Chase Freedom Unlimited® earns at least 1.5% back (1.5 Ultimate Rewards per $1) on all purchases. Cardholders earn unlimited:
- 5% cash back on travel purchased through Chase Ultimate Rewards®
- 3% cash back on dining at restaurants, including takeout and eligible delivery services
- 3% cash back on drugstore purchases
- 1.5% cash back on all other purchases
There is no annual fee with the Chase Freedom Unlimited.
Each Ultimate Rewards point is worth 1 cent each for award travel and cash rewards. You can also combine them with your Chase Sapphire Reserve or Chase Sapphire Preferred balance for a travel redemption bonus or 1:1 transfers.
New Chase Freedom Unlimited® cardholders can earn an additional 1.5% cash back on everything they buy (on up to $20,000 spent in the first year) – worth up to $300 cash back! That means new cardholders can enjoy:
- 6.5% cash back on travel purchased through Chase Ultimate Rewards® (Chase’s premier rewards program that lets you redeem rewards for cash back, travel, gift cards, and more)
- 4.5% cash back on drugstore purchases
- 4.5% on dining at restaurants (including takeout and eligible delivery service)
- 3% on all other purchases
New cardholders earn this extra 1.5% cash back on up to $20,000 spent in the first year.
Related: Best Credit Cards for Groceries
Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is one of the best travel rewards credit cards as it’s easy to earn and redeem miles. You earn 2 miles per $1 on all purchases and can redeem them for travel statement credits.
However, if you are wanting to earn a few more miles on travel, good news—earn 5x miles on hotels and rental cars booked through Capital One Travel. Plus, Venture cardholders will earn 5x miles when booking through the Turo app or on Turo.com (through May 16, 2023).
New Capital One Venture Rewards Credit Card cardholders can earn 75,000 miles after spending $4,000 on purchases in the first 3 months. This is equal to $750 in travel.
Learn more: Travel Rewards Credit Cards
The Blue Cash Preferred Card from American Express
The Blue Cash Preferred® Card from American Express is a good card for daily purchases, including medical bills. You earn up to 6% cash back on purchases redeemable for statement credits.
- 6% cash back at U.S. supermarkets, up to $6,000 per year in purchases (then 1%)
- 6% cash back on select U.S. streaming subscriptions
- 3% cash back on transit, including taxis/rideshare, parking, tolls, trains, buses, and more
- 3% cash back at U.S. gas stations
- 1% cash back on other purchases
Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
Cardholders can also enjoy $0 plan fees when using Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
The welcome bonus is the ability to earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. There is a $95 annual fee (See Rates & Fees).
Learn more: Cash Back Credit Cards
American Express Gold Card
The American Express Gold Card helps you maximize dining, grocery, and travel purchases.
It earns 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earns 4X Membership Rewards® Points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). Plus, earn 3X Membership Rewards® Points on flights booked directly with airlines or on amextravel.com.
Another perk is the ability to earn up to $10 in statement credits on a monthly basis when you use your Gold Card to pay at the following dining establishments (enrollment is required):
- The Cheesecake Factory
- Milk Bar
- Shake Shack (only at participating locations)
This perk can save you up to $120 annually.
Your Amex Membership Rewards points are most valuable for booking award flights and select gift cards. You can also transfer them at a 1:1 ratio for airlines and hotels.
The annual fee is $250 and there are no foreign transaction fees (See Rates & Fees).
New American Express® Gold Card cardholders can earn 60,000 Membership Rewards points after spending $4,000 on eligible purchases within the first 6 months. Also, Rose Gold is back! Cardholders can choose between Gold or Rose Gold.
Learn more: Johnny Jet Recommended Credit Cards
Southwest Airlines Credit Cards
Southwest Airlines can be one of the best airlines to fly for competitive prices on domestic flights and Caribbean flights. Your medical bills can help you earn a signup bonus which counts towards earning the Southwest Companion Pass®.
All three Southwest consumer cards come with the same signup bonus: earn 75,000 bonus points after spending $5,000 on purchases in the first 3 months.
These cards are:
- The Southwest Rapid Rewards® Plus Credit Card
- Southwest Rapid Rewards® Premier Credit Card
- Southwest Rapid Rewards® Priority Credit Card
Additionally, all three cards get 25% back on inflight purchases.
Each card has various anniversary point bonuses and other “fringe benefits.” The most luxurious of these three cards is the Priority Card including a $75 annual Southwest credit and four Upgraded Bookings per year. Its annual fee is a reasonable $149 per year.
Summary of the Best Credit Cards for Medical Bills
Medical bills you must pay for out-of-pocket are not automatic high-interest debt balances. The best rewards credit cards can help you earn bonus points and avoid crazy interest rates that medical loans charge. These cards can also help you maximize your other daily purchases.
Which credit card is best for hospital bills?
The best credit card for hospital bills and related medical expenses can be a cash back card like the Citi Double Cash. This card earns up to 2% cash back on every purchase and there is no annual fee. Cardholders earn 1% back when they buy, plus 1% back when they pay for their purchases. Most credit cards only offer 1 point per $1 on medical bills as they are a “non-bonus purchase category.”
However, the best credit card may also be one with the most exciting signup bonus that you can use. It might be a travel credit card or a cash rewards credit card. Making a lump-sum payment can help you easily reach the $3,000, $4,000, or $5,000 three-month minimum spending requirement.
You might inspect these limited-time credit card offers to find an amazing opportunity.
Is it smart to pay bills with a credit card?
Using your credit card to pay bills is a good option when your purchase rewards are worth more than any transaction fees. Government agencies and some small businesses charge an approximate 3% processing fee. But most businesses no longer charge an extra processing fee.
You might also use your credit card to pay bills if you can earn a signup or welcome bonus. Even if you pay processing charges, the signup bonus value usually exceeds these add-on charges.
Also, you should only use your credit card when you can pay the monthly statement balance in full and avoid interest charges.
Can I pay off my credit card as soon as I use it?
Most credit cards require you to wait at least one business day after the transaction date to pay your credit card. It takes one or two days for the purchase to “post” and verify that you made a legit purchase. For instance, gas stations, hotels, and rental car agencies may only place a temporary hold on your card until the final purchase amount posts. Not being able to make instant payments prevents payment confusion.
Paying your credit card balance before the statement closing date has some benefits. The primary benefit is you keep your credit utilization ratio low to boost your credit score. A second benefit is that you’re less likely to accidentally spend your checking account balance on another purchase and carry a high-interest credit card balance.
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For rates and fees of The Blue Cash Preferred® Card from American Express, please click here.
For rates and fees of The American Express® Gold Card, please click here.
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
- 1 Lump-Sum or Hospital Payment Plans?
- 2 Best Credit Cards for Medical Bills
- 3 Citi Double Cash Card
- 4 Chase Sapphire Preferred Card
- 5 Chase Freedom Unlimited
- 6 Capital One Venture Rewards Credit Card
- 7 The Blue Cash Preferred Card from American Express
- 8 American Express Gold Card
- 9 Southwest Airlines Credit Cards
- 10 Summary of the Best Credit Cards for Medical Bills
- 11 FAQs