# Synchrony

> Synchrony is a U.S. consumer-finance company that supplies the credit, installment lending, savings products and payment technology sitting behind many retail and healthcare transactions. Its private-label and co-branded cards, CareCredit network, Pay Later loans, digital bank and merchant tools connect roughly 500,000 partner locations with 70.7 million active accounts. The company earns primarily from interest and fees on loans, funds much of that lending through consumer deposits, and shares program economics with retail partners to align incentives around sales and loyalty.

- **Founded:** 1932
- **Headquarters:** Stamford, United States
- **Team size:** More than 18,500 employees
- **Products:** Private-label and co-branded credit cards, CareCredit, Synchrony HOME, Synchrony Car Care, Synchrony Pay Later
- **Notable:** Financed $182.3 billion in purchase volume during 2025., Reported 70.7 million active accounts and $103.8 billion in loan receivables at year-end 2025., Reached roughly 500,000 partner locations and approximately 240 million transactions per month by year-end 2025.

## Products & services

- **Private-label and co-branded credit cards** — Retail and partner-branded card programs with credit, rewards, discounts and promotional financing, supported by underwriting, servicing and digital account tools.
- **CareCredit** — A reusable health and wellness credit card accepted across provider networks spanning medical, dental, vision, veterinary, cosmetic and wellness care.
- **Synchrony HOME** — A home-focused network card accepted at thousands of participating furniture, appliance, flooring and home retailers, with promotional financing offers.
- **Synchrony Car Care** — An auto-focused credit card accepted at more than one million auto merchant locations for fuel, parts, repairs and services.
- **Synchrony Pay Later** — Pay-in-4 and monthly installment lending embedded at participating merchants and partner checkouts.
- **Synchrony Bank** — An FDIC-insured digital bank offering high-yield savings, money market accounts, CDs and IRA savings products that also provide funding for the lending portfolio.
- **Synchrony Marketplace and MySynchrony** — Consumer discovery and account-management experiences for offers, partner shopping, payments and card servicing.
- **Versatile Credit** — A multi-source point-of-sale financing platform connecting merchants and providers with several lending sources through one streamlined flow.

## Achievements

- Financed $182.3 billion in purchase volume during 2025.
- Reported 70.7 million active accounts and $103.8 billion in loan receivables at year-end 2025.
- Reached roughly 500,000 partner locations and approximately 240 million transactions per month by year-end 2025.
- Generated $3.552 billion in net earnings in 2025.
- Signed more than 30 new partners and renewed or extended more than 45 partner programs in 2025.
- Expanded Synchrony Pay Later to more than 6,200 merchants during 2025.
- Ranked No. 2 on Fortune and Great Place to Work's 2025 100 Best Companies to Work For list.
- Completed separation from General Electric in November 2015 after a 2014 IPO.

## Latest updates

- **2026-07** — Reported second-quarter net earnings of $885 million, with purchase volume up 9.2% year over year to an all-time quarterly high.
- **2026-07** — Introduced a company-paid skilled-trades associate-degree pathway for eligible U.S. employees.
- **2026-06** — Made CareCredit available at LiveLoveSpa.com's Shopify checkout, its first cosmetics e-commerce integration.
- **2026-05** — Expanded CareCredit into 40 Pet Resort Hospitality Group locations across 12 states.
- **2026-04** — Completed acquisition of approximately $0.7 billion in Lowe's commercial co-branded credit-card receivables.
- **2026-02** — Renewed its nearly two-decade consumer-financing partnership with Polaris.
- **2026-01** — Expanded the CareCredit-Clover integration to more than 40,000 health and wellness providers.
- **2025-10** — Acquired Versatile Credit's multi-source point-of-sale financing platform.
- **2025-09** — Launched the OnePay credit-card program at Walmart as exclusive issuer.

## Links

- Website: https://www.synchrony.com/
- LinkedIn: https://www.linkedin.com/company/synchrony-financial/
- Twitter/X: https://twitter.com/Synchrony
- YouTube: https://www.youtube.com/synchrony
- Instagram: https://www.instagram.com/synchrony/
- Facebook: https://www.facebook.com/SynchronyFinancial/

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Last updated: 2026-08-11