![]() ![]() ![]() The firm generates most of its revenues (~$70) from interest and fees on Retail Cards. They are partnered with roughly 120 professional and other associations, including the American Dental Association and the American Veterinary Medical Association, which promote credit products to their members. CareCredit: Finally, Synchrony Financial provides promotional financing for healthcare services, such as dental care, veterinary, vision care, cosmetic, chiropractic, spa, primary care, and specialist services.It also includes deferred-interest promotional financing, which means borrowers pay all accrued interest at the end of the "promotional" period if their full balance is not paid off. This includes no-interest promotional financing, which means that borrowers do not have to pay any interest on a purchase within the "promotional" period. Payment Solutions: Synchrony Financial also provides promotional financing for "big ticket" consumer purchases ($500 to $25,000).Dual Cards are typically issued on the Visa and Mastercard networks, although the firm has indicated the ability to issue them for use on American Express and Discovery. These partnerships are often longstanding, with an average length of 22 years. They primarily offer these services through 25 partners - national and regional retailers, including Venmo, Lowe's, Gap, Dick's Sporting Goods, JC Penny, and Amazon. Retail Card: Synchrony Financial offers private label (store-branded and retailer only acceptance) credit cards, as well as Dual Cards and General Purpose co-branded credit cards).These platforms are organized by the types of products offered through them and the partners they work with: Synchrony Financial is a consumer financing provider that sells its financing products through three different platforms. As a result, we believe there is a substantial opportunity for new investors to buy into this high performing and diversified financing provider. Synchrony Financial ( NYSE: SYF) stock has yet to recover fully from its COVID-19-induced dip despite a rebound in the overall market. ![]()
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