(PRNewsfoto/Synchrony)

US-based equipment retailer Harbor Freight Tools (HFT) has partnered with Synchrony Financial to roll out its own credit card.

The Harbor Freight credit card offers rewards and value on a wide range of tools and equipment in the company’s more than 1,085 stores across the US.

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Cardholders will get 10% off on their first purchase upon signing up, and 5% cashback on future purchases in Harbor Freight Money in-stores.

They can also avail interest-free equal monthly instalment payments on purchases of $299 or more.

HFT customers can apply for the card in-stores with online applications expected to be available later this year.

Harbor Freight Tools founder and CEO Eric Smidt said: “Working with Synchrony, we have created a card that puts our customers first.

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“For over 40 years, our goal has been to provide hard-working Americans with the quality tools they need at a great value, and our Harbor Freight credit card is one of the most valuable tools we have ever offered.”

HFT employs over 20,000 people and has more than 40 million customers nationwide.

Synchrony president and CEO of retail card Tom Quindlen said: “The Harbor Freight card provides customers with greater payment flexibility, along with enhanced benefits and value to their loyal customers.

“We look forward to partnering with Harbor Freight by providing a successful consumer financing program with excellent customer experience for their cardholders.”

Synchrony Financial is a consumer financial services company based in Connecticut, US. It is one of the largest issuers of private label credit cards in the country.