Synchrony and Belle Tire Partner on New Credit Card Program to Help Make Car Care More Affordable | SYF Stock News

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  • Synchrony (SYF, Financial) partners with Belle Tire to launch a new credit card program for automotive expenses.
  • The card offers flexible financing options: 6 months for purchases over $199 and 12 months for purchases over $1,000.
  • Usable at Belle Tire and over one million other locations, enhancing payment convenience for customers.

Synchrony Financial (SYF), a leading consumer financial services provider, has entered into a multi-year partnership with Belle Tire, a prominent tire and automotive service retailer, to introduce a new private label credit card program. This strategic collaboration aims to offer Belle Tire customers flexible financing options, making automotive purchases more affordable.

The new credit card is part of the Synchrony Car Careâ„¢ network, which enables cardholders to access promotional financing options. Customers can enjoy six months of promotional financing on purchases of $199 or more and twelve months for those exceeding $1,000. Such tiered financing options provide customers with the flexibility to manage significant automotive expenses effectively.

Applications for the credit card can be processed through various channels, including in-store pin pads, QR codes, text-to-apply options, and online at BelleTire.com. This ease of application is facilitated by Belle Tire's integrated payment provider, 1stMILE, ensuring a seamless customer experience.

The card's utility extends beyond Belle Tire's nearly 200 Midwest locations, allowing usage at over one million gas stations, auto parts retailers, and service locations nationwide. This widespread acceptance increases the card's value to consumers, providing enhanced purchasing power for both routine maintenance and unexpected repairs.

"Our partnership with Belle Tire reflects Synchrony's commitment to providing seamless and accessible financing solutions for consumers managing essential automotive expenses," said Curtis Howse, Executive Vice President & CEO of Synchrony Home & Auto platform.

Founded over 100 years ago, Belle Tire continues to expand its reach, offering comprehensive automotive services. This partnership with Synchrony aligns with their mission to enhance customer experience by making essential automotive purchases more convenient and affordable.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.