Synchrony Financial, a US-based consumer financial services company, has signed a multi-year agreement with the oil and gas energy company BP to provide credit programs for nationwide consumers.
The new BP credit card programs that include the BP private-label credit card and co-branded options for qualifying customers will launch in the second quarter of 2015.
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Synchrony Financial, formerly GE Capital Retail Finance, along with BP will provide additional card utility to customers accommodating purchases at over 7,000 BP locations and other retail locations using the new cards.
Synchrony Financial CEO Retail Cards Tom Quindlen said: "We have deep experience in the oil and gas and retail industries. This transaction will grow Synchrony Financial’s presence in the segment, with a renowned provider of fuel products for over a century."
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