Medical credit Cards These days, some of our debt free article readers may find that they are offered a new type of credit card that will help them pay there medicals expenses. These cards are being offered by only a few banks so far. The concept is new, but we want to make sure you understand the consequences of getting one of these cards. Yes, you may not be able to afford your medical insurance and many of you do not even have it. These cards are designed to help insured and uninsured workers pay there deductibles and other health care costs. The only thing is that the interest rates are not all that wonderful - even to begin with. So far (even though this concept is quite new), there are no banks offering introductory rates. Many consumers find they are paying high rates of credit card debt interest and we feel our customers here need to read the fine print if they are considering any medical credit card offer. After all, getting further into debt (a rate of interest) is not the best way to live a life free of debt. However, we have found that some employers are looking into providing an auto payroll deduction to their employees that is a before tax deduction and carries no interest because you pay from payroll. Again, this concept is in its infancy, so keep on the lookout for us to cover more on this and other credit card debt issues.
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