Synchrony Signs Multi-Year Extension of
Strategic Credit Card Program with Sam's Club
STAMFORD, Conn., Jan. 23,
2025 /PRNewswire/ -- Synchrony, a leading
financing partner for many of America's most iconic brands, today
announced a new multi-year extension of its more than 30-year
strategic credit card relationship with Sam's Club, building on a
longstanding collaboration dedicated to transforming the shopping
and credit experiences and creating value for Sam's Club
members.
As part of the extension, Synchrony will continue to be the
issuer of consumer, business and commercial credit card programs
for Sam's Club at the retailer's 600 locations across the U.S. and
Puerto Rico, on SamsClub.com and
in the Sam's Club mobile app.
Synchrony will continue to collaborate with Sam's Club to offer
seamless member experiences and invest in strategic technology that
helps members more easily access the products and services they
need and want while earning rewards to enhance their shopping
experience. Key highlights include:
- Seamless Payment and Checkout Experience: Synchrony's
integration with Sam's Club's innovative Scan & Go™
technology where members can scan items, seamlessly purchase with
their Sam's Club credit card using their mobile devices, skip the
checkout line and simply exit the club through the exit
arches.
- Digital First: Synchrony's patented SyPI and
patent-pending dApply technology allow members to easily apply
for credit, make transactions and service their account all within
the Sam's Club app.
- Sam's Cash™:
- Recognized by Money Magazine as the Best for Gas Cash
Back Credit Card for the past three years, Sam's Club Mastercard®
cardholders can earn an industry leading 5% back in Sam's Cash on
fuel (up to $6,000 annually), 3% on
dining, and 1% on other purchases.
- Plus members earn 3% back in Sam's Cash™ on Sam's Club
purchases when they use their Sam's Club Mastercard® and another 2%
back from their Plus membership, for a total of up to 5% rewards on
eligible purchases.
- These rewards are automatically loaded into membership accounts
and can be used towards future purchases made both online and
in-club, or exchanged for cash back.
"Our collaboration with Synchrony is going strong after 30-plus
years because we're relentlessly focused on creating the best
shopping experience for our members," said Kara Kazazean, Vice President of Financial
Services at Sam's Club. "The Sam's Club credit card is designed to
make the shopping experience easy, secure, and convenient — all
while helping our members earn more."
"Our longstanding relationship with Sam's Club is a model of
collaboration, innovation and trust," said Courtney Gentleman, Executive Vice President and
CEO of Diversified & Value platform at Synchrony. "With access
to the right financing, consumers and businesses thrive. We look
forward to continuing to deliver convenience and value to millions
of Sam's Club members with every use of their Sam's credit
card."
To learn more about Sam's Club and Synchrony's credit card
program, please visit: https://www.samsclub.com/content/credit
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services
company delivering one of the industry's most complete digitally
enabled product suites. Our experience, expertise and scale
encompass a broad spectrum of industries including digital, health
and wellness, retail, telecommunications, home, auto, outdoor, pet
and more. We have an established and diverse group of national and
regional retailers, local merchants, manufacturers, buying groups,
industry associations and healthcare service providers, which we
refer to as our "partners." We connect our partners and consumers
through our dynamic financial ecosystem and provide them with a
diverse set of financing solutions and innovative digital
capabilities to address their specific needs and deliver seamless,
omnichannel experiences. We offer the right financing products to
the right customers in their channel of choice. For more
information, visit www.synchrony.com.
Media Contact:
Angie Hu
Synchrony
angie.hu@syf.com
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SOURCE Synchrony