While the presidential candidates are busy debating healthcare finance, the Capital One barbarians and their friends have stepped into the breach. You can finance your elective healthcare through Capital One. It turns out that the company best known as a credit card issuer very effectively marketed by barbarians demanding to know “What’s in Your Wallet?,” has an entire operation dedicated to healthcare finance. Who knew? Capital One Healthcare Finance finances elective healthcare, such as dental, cosmetic, vision, orthodontic and fertility treatments.
I haven’t been able to get precise rates off the web without submitting hordes of personal information, but they offer fixed rates ranging from 1.99% APR to 25.99% and payment terms of 18 months to 7 years (depending on the treatment). The pitch is that this is a cheaper way of financing elective healthcare procedures than credit cards–low fixed rates instead of variable rates. If this is true, then Cap One is providing a real service to folks who have elective medical issues–like wanting children–but don’t have the cash on hand. Interesting to see Capital One Healthcare competing, in essence with Capital One cards.