Other ways to finance plastic surgery
In addition to credit cards, here are other good payment options to finance plastic surgery.
Payment plans with the clinic
Some plastic surgery clinics offer their own special financing options or have payment plan options available through a financing company. You can discuss options at the clinic during your consultation.
Some of the most common options are healthcare credit cards. Here are two popular choices that may be available with your plastic surgeon:
- CareCredit is a healthcare credit card intended for out-of-pocket medical expenses available at over 260,000 enrolled providers. It has short- and long-term financing options available.
- Alphaeon is a way to pay for procedures and services with plastic surgeons, dentists, dermatologists, and ophthalmologists. The Alphaeon Credit Card is offered by Comenity Bank, and like CareCredit, there is short- and long-term financing available.
Keep in mind that many zero-interest financing options, including the CareCredit Card and the Alphaeon Credit Card, are deferred interest. With this type of financing, you must pay off your balance by the end of the no-interest period, or you'll be charged interest going back to the purchase date.
LEARN MORE: What Is Deferred Interest?
Personal loan for cosmetic surgery
A personal loan can be a good way to pay for plastic surgery, as you'll have a fixed monthly payment. Interest rates depend on your credit score and the lender. It's best to shop around and compare rates from a few lenders.
COMPARE RATES: Best Personal Loan Lenders
Home equity loans or lines of credit
If you're a homeowner, borrowing against your home equity is a simple, low-interest financing option. You can either get a home equity loan, which is a one-time loan, or a home equity line of credit (also called a HELOC), which you can borrow from multiple times.
Keep in mind that your home is the collateral when you get a home equity loan or HELOC. If you don't make your payments, there's the risk of foreclosure.
LEARN MORE: What Is a HELOC?
401(k) loans
If you have a 401(k), you can likely borrow against it at a low interest rate. Repayments are automatically taken from your paycheck. It's generally not recommended to borrow against your retirement savings, but this is an option if you need a procedure and don't have another good way to finance it.