How Does Synchrony Financing Work?

When it comes to making big purchases, financing options can provide the flexibility and convenience you need. Synchrony is a leading provider of consumer financing, offering a range of options to help customers make their next purchase. Whether you're looking to buy a new car, renovate your home, or simply need some extra buying power, Synchrony has a solution for you.

Ways to Pay with Synchrony

Synchrony offers various ways to pay, giving you the power of choice. Here are some of the options available:

• Retail Credit Cards and Financing: Synchrony partners with a wide range of retailers to offer credit cards and financing options. These cards can be used exclusively at partner stores and often come with promotional financing offers.
• Buy Now, Pay Over Time: With Synchrony's buy now, pay over time option, you can make a purchase and spread out the payments over a set period of time. This can be a great option if you need to make a large purchase but don't have the cash upfront.
• Synchrony Network Cards: Synchrony offers network cards that can be used at multiple retailers, giving you even more flexibility in your purchasing options.
• Synchrony Premier World Mastercard: This credit card offers a range of benefits, including access to special savings, deals, and offers from Synchrony's partners nationwide.

Exploring Synchrony's Financing Options

Synchrony has a portfolio of financing options designed to meet the diverse needs of its customers. Whether you're looking for online banking, savings accounts, retail credit cards, or specialized financing for healthcare, medical, or veterinary expenses, Synchrony has you covered.

One of the advantages of choosing Synchrony for your financing needs is the convenience of having multiple options in one place. Rather than dealing with different lenders and applications for each type of financing, you can find everything you need with Synchrony.

Understanding Promotional Financing

Promotional financing is a popular feature offered by Synchrony and is often available with retail credit cards. It allows you to make a purchase and pay it off over a set period of time without accruing interest, as long as you make the minimum required payments each month.

For example, let's say you want to purchase a new appliance with a promotional financing offer of 12 months with no interest. If you make the minimum monthly payments and pay off the balance within the 12-month period, you won't have to pay any interest on your purchase. However, if you don't pay off the balance within the promotional period, interest will be charged retroactively from the date of purchase.

Synchrony Pay Later: A Flexible Option

Synchrony Pay Later is another financing option offered by Synchrony. It provides a simple and flexible way to buy what you want and pay it back in predictable, equal payments. With Pay Later, you can make a purchase, pay over time, and enjoy the convenience of fixed monthly payments.

There are different ways to pay with Synchrony Pay Later. You can choose to pay in 4 equal installments, pay monthly, or select a payment plan that suits your needs. Pay Later is available at participating retailers, making it easy to access this financing option when making a purchase.

Benefits of Synchrony Financing

Choosing Synchrony for your financing needs comes with several benefits:

• Convenience: With Synchrony, you can find a range of financing options all in one place, making it easier to manage your accounts and payments.
• Flexibility: Synchrony offers different ways to pay, allowing you to choose the option that best fits your financial situation.
• Special Offers and Deals: Synchrony partners with retailers and offers special savings, deals, and offers to its customers.
• Easy Application Process: Applying for financing with Synchrony is a simple process, often done online or through a retailer's website.

Conclusion

Synchrony is a trusted provider of consumer financing, offering a range of options to help customers make their next purchase. Whether you're looking for a retail credit card, buy now, pay over time options, or specialized financing, Synchrony has a solution for you. With the convenience, flexibility, and special offers available, Synchrony is a great choice for financing your next big purchase.