TacticScaleFinancial Services · Credit Services
Synchrony Financial
US consumer finance company issuing store-branded credit cards and loans
Understand Synchrony Financial →What Synchrony Financial does
Synchrony Financial provides credit cards and loans that shoppers use at partner retailers, merchants, manufacturers and healthcare providers across the US. It also runs a bank that takes deposits through products such as savings accounts, CDs and IRAs. Its best-known brand is CareCredit, which helps people pay for healthcare costs.
How Synchrony Financial makes money
It earns mainly interest and fees on the credit card balances and installment loans it provides through partner programs. It funds this lending largely with consumer deposits.
Products & services
- CareCredit healthcare financing
- Private label credit cards
- Dual and general purpose co-branded cards
- Consumer installment loans
- Deposit products (CDs, IRAs, savings, money market)
- Debt cancellation products