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This post is sponsored by Care Credit
The joys of sharing life with a cat are limitless. Cats have an incredible ability to provide us with love, pleasure and play, while bringing many important health benefits into our lives by relieving stress, preventing allergies, calming our nervous system and more. Although these independent pets can be considered low maintenance pets, caring for them is still a major commitment. Too often we hear from veterinarians across the country about cases of pet parents struggling to balance the care their pet needs with what they can afford. While millions of Americans choose to share life with a pet, the true cost of ownership has always been incredibly vague.
With this in mind, Synchrony has released the findings of its first-ever “Lifetime of Care” study earlier this year to inform pet owners of the true cost of owning a pet and to help them prepare for unexpected costs.
The true cost of keeping a cat
Research has found that pet parents spend up to $55,000 over a pet’s lifetime and that approximately 30 million households in the United States today will face an unexpected expense for their pet that will cause them to worry about their ability to pay for their pet’s care. This is especially true given the current economic uncertainties and inflation, which can put even more pressure on pet owners.
Thanks to our Lifetime of care researchwe now know that the lifetime cost of caring for cats can range from $15,000 to $45,000, and cat owners can expect to spend between $960 and $2,500 in the first year alone.
The study also revealed that almost half of cat parents underestimate the cost of maintaining their pets. Additionally, about half of all pet owners who thought they were financially prepared to meet unexpected expenses for their pet were not and would consider a dedicated financial solution to fund care for their pet. of company.
Control your budget
For over 20 years, CareCredit has been a valuable financing option for all types of veterinary services, treatments and diagnostics, providing pet owners peace of mind that they are ready to care for their animals throughout their life. CareCredit is recommended by the American Association of Veterinary Hospitals and is a privileged partner for the American Veterinary Medical Association. CareCredit is currently offered in more than 24,000 veterinary practices in the United States
Pet owners looking for a flexible way to pay for their pet’s care can quickly see if they pre-qualify for the CareCredit credit card in real time (without impacting their credit score) and make an application on any smart device, in a vet’s office or over the phone. A credit decision is immediate and if approved, they can use their account to pay their vet immediately. Pet owners can choose from short and long-term financing options, including deferred interest if paid in full within 6, 12, 18 or 24 months and reduced APR with fixed monthly payments for 24, 36, 48 or 60 months. In addition, CareCredit offers a user-friendly online service calculator This allows pet owners to quickly estimate monthly payments based on available financing options.
What about pet insurance?
The truth is that four out of five pet owners will face an unexpected vet bill in their pet’s lifetime.
“With the cat insurance of Best Pets, cat parents can rest easy knowing they’re protected, so they can focus on making the best decisions for their cat. Pets Best policyholders can choose from plans that can cover accidents, illnesses, or routine care, all customized to meet their pet’s needs and budget, as well as get treatment from any veterinarian of their choice with access to simple and precise processing of complaints.
Pets Best policyholders also have access to a suite of digital features, including a 24/7 pet emergency hotline to connect directly with veterinary professionals for questions and advice. animal health advice. Customers can file claims, make policy adjustments, add pets, and access claim status and details online or through their mobile app.
– Melissa Gutierrez, SVP and General Manager at Pets Best Insurance.
We all know the old adage, “knowledge is power”. Our goal is to give cat parents a better understanding of what to expect financially when bringing home a new cat. In turn, we can provide them with flexible and affordable payment solutions, including pet health insurance from Best Pets and pet credit cards like CareCredit, who are available to help them provide a lifetime of care for their pet.
*FTC Disclosure: This is a sponsored post, meaning I was paid to feature this content. Regardless of payment received, you will only see products or services featured on this site that we have used or would use ourselves.
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