At Home and Synchrony Expand Rewards Program

Rhea-AI Summary

At Home and Synchrony have expanded the At Home Rewards Program, allowing cardholders to earn 3% back on all purchases made outside At Home stores and 5% back on purchases made within. The program aims to simplify the rewards experience for customers, particularly during the upcoming holiday season. Additionally, Synchrony is launching a streamlined card application process utilizing QR codes to enhance customer experience without affecting credit scores. The initiative is expected to make financing options easier for customers.

Positive

• Expanded At Home Rewards Program offers 3% back on external purchases and 5% back on internal purchases.
• Streamlined card application process enhances customer experience with QR codes.
• Initiative aims to simplify rewards, especially for holiday shopping.

Negative

• None.

Simplified program makes it easier to make every dollar count

DALLAS & STAMFORD, Conn.--(BUSINESS WIRE)-- At Home, The Home Décor Superstore, and Synchrony (NYSE: SYF), a leading consumer financing company, announced today an expanded At Home Rewards Program for the home décor retailer. The program enhancements allow customers to earn 3% back in rewards on all purchases made outside At Home stores. Cardholders will continue to earn 5% back in At Home Rewards on all purchases they make in At Home stores or via athome.com.

At Home and Synchrony announce an expanded At Home Rewards Program for the home décor retailer. (Photo: Business Wire)

“This is a huge win for At Home cardholders,” said Ashley Sheetz, Chief Revenue and Customer Officer. “Whether our customers are planning to make purchases during the upcoming Holiday season or looking to outfit their home for winter, this simplified program makes every dollar count when purchasing items for their homes and takes the guesswork out of rewards.”

While some credit cards offer 1% on groceries, 2% on fuel and 3% on travel, Synchrony and At Home take the uncertainty out of making purchases by offering 3% back in rewards certificates on all purchases made outside At Home.

At Home is also streamlining the card application process to create a better, more efficient experience for customers. By launching QR codes in-store, it will simplify how customers can apply and understand their special financing option. Synchrony’s prequalification process allows customers to scan the code using their mobile device without it affecting their credit score. Customers fill out the credit applications online, either before going to the store or in-store and know how much credit they can access the same day. Using QR codes and prequalification provides a secure, private and enjoyable customer experience when applying for credit inside or outside of an At Home store.

“These new financing options make it easier for At Home customers to purchase the products they want and need for their homes and get rewarded for it, too” said Tony Foster, Senior Vice President, Home, Synchrony. “Our research shows customers don’t want to think about which items will earn the most rewards. By offering 3% back in rewards across all purchases made outside At Home, customers get the rewards they want without any confusion.”

About At Home

At Home, The Home Décor Superstore, offers up to 45,000 on-trend home products to fit any budget or style, from furniture, mirrors, rugs, art and housewares to tabletop, patio and seasonal decor. Hundreds of items arrive each week to provide fresh inspiration and shoppers will discover new collections from designers Ty Pennington, Grace Mitchell, Laila Ali and Tracey Boyd. At Home is headquartered in Plano, Texas, and currently operates more than 255 stores in 40 states. For more information, please visit us online at athome.com.

About Synchrony

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our “partners.” We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.

Forward-looking Statements

Statements used in this news release relating to future plans, events or performance such as planned areas of collaboration are forward-looking statements subject to certain risks and uncertainties. Additional information concerning these and other risks and uncertainties is contained in Sleep Number’s filings with the Securities and Exchange Commission (SEC), including the Annual Report on Form 10-K, and other periodic reports filed with the SEC. Neither Sleep Number nor Synchrony has any obligation to publicly update or revise any of the forward-looking statements in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220922005241/en/

Carey Marin

At Home

MediaRelations@AtHome.com

214.914.1157

Michelle Blaya

Synchrony

Michelle.Blaya@syf.com

626.250.1415

Source: At Home

FAQ

What are the new rewards rates for the At Home Rewards Program?

The At Home Rewards Program now offers 3% back on all purchases outside At Home stores and 5% back on purchases made in-store or online.

How has Synchrony improved the card application process for At Home customers?

Synchrony has introduced QR codes that customers can scan to apply for credit without affecting their credit score, making the process more efficient.

When will the expanded rewards program take effect for SYF?

The expanded At Home Rewards Program is currently available to cardholders.

What is the strategy behind the At Home and Synchrony partnership?

The partnership aims to simplify customer rewards and enhance the financing experience for purchases made at At Home.