Expanded Partnership Offers Qualifying Customers
Synchrony Pay Later Loan Product and Mobile Wallet
Provisioning
New Capabilities Provide More Payment Choices and Ease of
Buying for Consumers
This Collaboration is a Proof Point of Synchrony's Product
Strategy to Help Partners Build Lifelong Customers Beyond a Single
Transaction
STAMFORD, Conn., July 17,
2023 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading
consumer financing company, has expanded its partnership with At
Home to offer customers more options and flexibility in how
they make their purchases. The retailer selected Synchrony as the
exclusive provider of a buy now, pay later financing option,
Synchrony Pay Later, to help shoppers buy what they want and need
online and in store using monthly fixed payments. This product
will be in addition to the At Home Insider Perks® credit card.
Customers will also now be able to add the At Home Insider Perks®
credit card to certain mobile wallets for a more convenient
way to pay.
We want partners to not only attract new
customers for purchases, but build lifelong, mutually beneficial
relationships.
At Home is a big box specialty retailer of home décor products
that offers up to 45,000 unique and exclusive items across broad
product categories, including furniture, garden, home textiles,
housewares, patio, rugs, seasonal décor, tabletop décor and wall
décor.
Synchrony Pay Later gives qualifying At Home customers another
financing option for their purchases, in addition to the At Home
Insider Perks® credit card that offers 6-month special financing on
qualifying At Home purchases. Consumers can apply for a Synchrony
Pay Later interest-free loan to pay equal payments over 3 months on
one-time purchases between $75 and
$400 without impacting their credit
score.
Additionally, At Home Insider Perks® cardholders can now
add their cards to certain third-party mobile wallets and
experience an easy, secure, and convenient way to pay online and
in-store, while potentially obtaining card
benefits, discounts, rewards, and promotional financing. The
card can be added to Apple Pay, Google Pay, or Samsung wallets.
"We are committed to offer customers a convenient and easy
shopping experience. Our customers have evolved to a mobile-first
lifestyle so having payment options that can be included in mobile
wallets is perfect," said Lee Bird,
Chairman and CEO of At Home. "In partnership with Synchrony, the
addition of Synchrony Pay Later allows our customers another option
to shop on a budget and plan for their purchases."
"Whether through credit card programs, buy now, pay later, or
enabling new capabilities such as provisioning credit cards for
mobile wallets, Synchrony is focused on helping partners grow
by offering customers choice, flexibility, and convenience," said
Curtis Howse, CEO of Home and Auto
at Synchrony. "We want partners to not only attract new customers
for purchases, but build lifelong, mutually beneficial
relationships."
To apply for an At Home Insider Perks® credit card and
start earning 5% back in Rewards on At Home purchases, customers
can see if they prequalify with no impact to their credit score and
then apply by
visiting https://www.athome.com/creditcard.html or in
the At Home app. They can also apply at any store.
Applications are reviewed instantly, and approved cardholders can
use their account to make purchases right away.
To apply for Synchrony Pay Later in a store, customers can
scan a QR code to complete an application on their own device or
can apply online. There is no impact to their credit bureau score
to apply. If approved, customers may complete their purchase
immediately.
To learn more about Synchrony Pay Later,
visit: https://www.synchronybusiness.com/paylater.html.
About At Home
At Home, The Home & Holiday Superstore, offers up to
45,000 on-trend home products to fit every room, style, season and
budget. From furniture, mirrors, rugs, art and housewares to
tabletop, patio and seasonal décor, At Home offers décor for all,
and always for less. Headquartered in Dallas, Texas, At Home currently operates 264
stores in 40 states. For more information, please visit us online
at athome.com or find us on Facebook (AtHomeStores),
Instagram (AtHomeStores) or Pinterest (AtHomeStores).
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 and Twitter: @Synchrony.
***Rewards: Purchases subject to credit approval. At Home
Insider Perks® credit cardholders are eligible to earn rewards on
purchases made with their At Home Insider Perks® Credit Card or At
Home Insider Perks® Mastercard account. Rewards apply to net card
purchases (purchases minus returns and adjustments). Cardholders
will earn five (5) points for each dollar ($1) of net card purchases made in At Home store
locations or www.athome.com. At Home Insider Perks® Mastercard
cardholders will earn three (3) points for every dollar
($1) spent in net card purchases made
at any other participating merchant or services where Mastercard is
accepted. Points will be deducted for any returns or credits made
on the cardholder account. Points will appear on your monthly
statement. A $5 reward certificate
("Reward Certificate") will be issued for every 500 points earned.
Reward Certificates may be issued in $5, $10,
$15 or $20 denominations. A cardholder can receive up to
four (4) Reward Certificates per statement month. Reward
Certificates are valid for 90 days from issue date. See the At
Home Insider Perks® Credit Card and At Home Insider Perks®
Mastercard Rewards Program Terms for complete details.
Contact:
Tyler Allen
Synchrony
Tyler.allen@syf.com
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SOURCE Synchrony Financial