Synchrony has launched a new credit card to provide financing options for all types of home-related purchases, including furniture and decor.

Dubbed HOME Credit Card, the all-in-one card features zero annual fee and 2% cashback. Furthermore, it comes along with promotional financing for certain purchases.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Cardholders will get six-months financing on purchases of $299 and above, and 12-60-months for select purchases at participating Synchrony HOME stores across the US.

The card can be availed for both in-store and online shopping.

Synchrony CEO of payment solutions Neeraj Mehta said: “Synchrony HOME cardholders are looking for incredible value and different financing options when it comes to making their homes feel like their own.

“The Synchrony HOME Credit Card gives our customers more buying power and the cash back rewards they’re looking for to help meet their home desires.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The new card will be issued and serviced by Synchrony Bank. The company has partnered with Discover Global Network to boost the acceptance of the card.

Discover vice-president of global business development Joby Orlowsky said: “Discover and Synchrony are ideally suited to give consumers value-focused card products that have wide acceptance where cardmembers want to make their purchases.

“This venture into a home-related card builds on the success both companies have had with Synchrony’s automotive card product.”

Last month, Synchrony partnered with online retailer Fanatics to introduce a new credit card targeted at licensed sports merchandise and apparel purchases.

This deal was followed by expansion of collaboration with Walmart subsidiary Sam’s Club for branded credit cards. The company also announced that Walmart agreed to drop the lawsuit filed against Synchrony Financial over the terms of a long-running credit card contract.