CareCredit can be used to pay for services from
dog training to vet care at Pet Paradise resorts.
STAMFORD, Conn., Jan. 15,
2025 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading
consumer financial services company, and Pet Paradise, a premium
pet care provider, today announced a new partnership designed to
make access to an assortment of care easier for pet parents.
By the end of year, the CareCredit health and wellness credit card
will be available to be used at all 60 Pet Paradise locations
nationwide to pay for services ranging from dog training to
extended boarding stays and day camp packages. The partnership
expands the opportunity for pet parents to use convenient financing
options to manage their pet expenses over their pet's lifetime.
"Our partnership with Pet Paradise underscores Synchrony's
commitment to the pet resort space and empowering pet parents with
flexible financing options," said Jonathan
Wainberg, SVP and General Manager, Pet and Co-Brand, Health
and Wellness, Synchrony. "These options can be used for a wide
range of services to help enhance the quality of life for pets. Our
pets do so much for us, and it's important that pet parents have a
way to manage their expenses so they can prioritize their pet's
health and happiness."
As a leading financial solution in the veterinary space,
accepted at more than 25,000 veterinarian clinics nationwide, this
partnership builds upon Synchrony's long-standing relationship with
NewDay Veterinary Care, a network of veterinary hospitals and
clinics that is owned and operated within select Pet Paradise
resorts.
"Partnering with Synchrony expands the options available to Pet
Paradise customers to support their pet's wellbeing and care," said
Alex Miller, CEO of Pet Paradise.
"As pet parents ourselves, we know pets can sometimes bring
unexpected expenses. Our collaboration with CareCredit allows us to
provide a convenient financing option, helping ensure pet owners
can access all the services they need for their pet to live their
happiest, healthiest life."
The U.S. currently has the largest market share of the global
pet boarding market, which is estimated to be $20 billion a year[1]. Additionally,
the industry is seeing increased spending in pet daycare and
grooming, resulting in pet parents seeking financial options, like
CareCredit, to pay for the diverse range of pet care services.
Pet parents looking for budget-friendly options to manage
expenses can see if they prequalify for the CareCredit credit card
in real time, with no impact to their credit score, and apply on
any smart device at the provider location or apply over the
phone. A credit decision is typically within a few seconds, and if
approved, they can use their account to pay for their pet's care
right away. CareCredit offers shorter-term and longer-term
financing options based on purchase amount, and a user-friendly
online calculator that makes it easy for pet parents to
quickly estimate monthly payments.
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.
About Pet Paradise and NewDay Veterinary Care
Pet
Paradise has been a trusted provider of complete pet health care
for more than 20 years. Conveniently located under one roof, Pet
Paradise offers boarding, day camp, grooming, dog training and
NewDay Veterinary Care, which emphasizes comprehensive, low-stress
care. Headquartered in Jacksonville,
Fla., Pet Paradise has 60 resorts, with 21 including NewDay
clinics, across 11 states.
For more information about Pet Paradise visit petparadise.com or
Facebook, Instagram, LinkedIn and YouTube. For more information
about NewDay, visit newdayvetcare.com or Facebook, Instagram and
LinkedIn.
Contacts:
Michelle
Romero
michelle.romero@syf.com
(626) 250-1415
Kristen Majdanics
kmajdanics@petparadise.com
(904) 363-3330
[1] Jones, Oliver, Dogster, "17 Pet Daycare
& Boarding Industry Statistics: 2024 Update," August 19, 2024,
https://www.dogster.com/statistics/pet-daycare-dog-boarding-industry-statistics
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SOURCE Synchrony Financial
