Paradise for Pets, Peace of Mind for Pet Parents: Synchrony's CareCredit Expands to Pet Paradise Resorts Nationwide
Synchrony (NYSE: SYF) and Pet Paradise announced a partnership to expand CareCredit acceptance to all 60 Pet Paradise locations nationwide by year-end. The health and wellness credit card will cover services from dog training to extended boarding stays and day camp packages.
The partnership builds on Synchrony's existing relationship with NewDay Veterinary Care, which operates within select Pet Paradise resorts. CareCredit is currently accepted at over 25,000 veterinary clinics nationwide. The collaboration aims to provide pet parents with flexible financing options in the U.S. pet boarding market, estimated at $20 billion annually.
Pet owners can prequalify for CareCredit without impacting their credit score and receive instant decisions. The card offers various financing options based on purchase amounts, with an online calculator for estimating monthly payments.
Synchrony (NYSE: SYF) e Pet Paradise hanno annunciato una partnership per espandere l'accettazione di CareCredit in tutte le 60 sedi di Pet Paradise in tutto il paese entro la fine dell'anno. La carta di credito per la salute e il benessere coprirà servizi che vanno dall'addestramento dei cani a soggiorni prolungati e pacchetti per il giorno.
La partnership si basa sulla relazione esistente di Synchrony con NewDay Veterinary Care, che opera all'interno di alcuni resort di Pet Paradise. CareCredit è attualmente accettata in oltre 25.000 cliniche veterinarie in tutto il paese. La collaborazione mira a fornire ai proprietari di animali opzioni di finanziamento flessibili nel mercato del pernottamento per animali domestici negli Stati Uniti, stimato in 20 miliardi di dollari all'anno.
I proprietari di animali possono prequalificarsi per CareCredit senza influenzare il proprio punteggio di credito e ricevere decisioni immediate. La carta offre varie opzioni di finanziamento in base agli importi di acquisto, con un calcolatore online per stimare i pagamenti mensili.
Synchrony (NYSE: SYF) y Pet Paradise anunciaron una asociación para expandir la aceptación de CareCredit en las 60 ubicaciones de Pet Paradise en todo el país para fin de año. La tarjeta de crédito para la salud y el bienestar cubrirá servicios que van desde el entrenamiento de perros hasta estancias prolongadas y paquetes de campamento diurno.
La asociación se basa en la relación existente de Synchrony con NewDay Veterinary Care, que opera en algunos resorts de Pet Paradise. CareCredit se acepta actualmente en más de 25,000 clínicas veterinarias en todo el país. La colaboración tiene como objetivo proporcionar a los dueños de mascotas opciones de financiación flexibles en el mercado de hospedaje para mascotas en EE. UU., estimado en 20 mil millones de dólares anuales.
Los dueños de mascotas pueden precalificarse para CareCredit sin afectar su puntaje crediticio y recibir decisiones instantáneas. La tarjeta ofrece varias opciones de financiación basadas en los montos de compra, con una calculadora en línea para estimar los pagos mensuales.
Synchrony (NYSE: SYF)와 Pet Paradise는 연말까지 미국 전역의 60개 Pet Paradise 지점에서 CareCredit 수용을 확대하는 파트너십을 발표했습니다. 이 건강 및 웰빙 신용 카드는 개 훈련에서 장기 보딩과 데이 캠프 패키지에 이르기까지 다양한 서비스를 포함합니다.
이번 파트너십은 선택된 Pet Paradise 리조트에서 운영되는 NewDay Veterinary Care와의 Synchrony의 기존 관계를 바탕으로 하고 있습니다. 현재 CareCredit는 미국 전역의 25,000개 이상의 수의학 클리닉에서 수용되고 있습니다. 이 협력의 목표는 미국의 애완동물 보딩 시장에서 연간 200억 달러로 추정되는 유연한 금융 옵션을 애완동물 부모에게 제공하는 것입니다.
애완동물 소유자는 신용 점수에 영향을 미치지 않고 CareCredit에 대한 사전 자격을 얻을 수 있으며 즉시 결정을 받을 수 있습니다. 이 카드는 구매 금액에 따라 다양한 금융 옵션을 제공하며 월별 지불을 추정할 수 있는 온라인 계산기가 있습니다.
Synchrony (NYSE: SYF) et Pet Paradise ont annoncé un partenariat pour étendre l'acceptation de CareCredit dans tous les 60 emplacements de Pet Paradise à l'échelle nationale d'ici la fin de l'année. La carte de crédit dédiée à la santé et au bien-être couvrira des services allant de l'éducation canine aux séjours prolongés et aux forfaits de camp de jour.
Ce partenariat repose sur la relation existante de Synchrony avec NewDay Veterinary Care, qui opère dans certains des resorts Pet Paradise. CareCredit est actuellement acceptée dans plus de 25 000 cliniques vétérinaires à travers le pays. Cette collaboration vise à offrir aux propriétaires d'animaux des options de financement flexibles sur le marché américain de l'hébergement pour animaux de compagnie, estimé à 20 milliards de dollars par an.
Les propriétaires d'animaux peuvent se préqualifier pour CareCredit sans affecter leur score de crédit et recevoir des décisions instantanées. La carte propose diverses options de financement en fonction des montants d'achat, avec un calculateur en ligne pour estimer les paiements mensuels.
Synchrony (NYSE: SYF) und Pet Paradise haben eine Partnerschaft angekündigt, um die Akzeptanz von CareCredit in allen 60 Pet Paradise Standorten landesweit bis zum Jahresende auszubauen. Die Gesundheits- und Wellness-Kreditkarte wird Dienstleistungen von Hundetraining bis hin zu längeren Aufenthalten und Tagescamp-Paketen abdecken.
Die Partnerschaft baut auf der bestehenden Beziehung von Synchrony zu NewDay Veterinary Care auf, das in ausgewählten Pet Paradise Resorts tätig ist. CareCredit wird derzeit in über 25.000 Tierarztpraxen landesweit akzeptiert. Die Zusammenarbeit soll Haustiereltern flexible Finanzierungsmöglichkeiten auf dem amerikanischen Markt für Haustierunterbringung bieten, der jährlich auf 20 Milliarden Dollar geschätzt wird.
Tierbesitzer können sich für CareCredit vorqualifizieren, ohne ihre Kreditwürdigkeit zu beeinträchtigen, und erhalten sofortige Entscheidungen. Die Karte bietet verschiedene Finanzierungsoptionen basierend auf den Kaufbeträgen, zusammen mit einem Online-Rechner zur Schätzung der monatlichen Zahlungen.
- Expansion to 60 new locations nationwide increases market presence
- Strengthens position in $20 billion pet boarding market
- Builds upon existing relationship with NewDay Veterinary Care network
- Diversifies revenue streams through additional pet care services
- None.
Insights
This partnership represents a strategic expansion of Synchrony's CareCredit offering into the growing pet care services market. The
The timing is particularly strategic given the increasing premiumization of pet care services and rising pet ownership rates. By offering financing options for discretionary pet services like training and boarding, Synchrony is positioning itself to capture a larger share of pet parents' wallets, potentially driving higher transaction volumes and interest income. The instant credit decisioning feature and flexible payment terms could help drive adoption and usage among pet owners who might otherwise defer discretionary pet care services.
While this partnership alone may not materially impact Synchrony's near-term financial results given its
The expansion into pet boarding facilities reflects astute market positioning by Synchrony. Consumer behavior data shows pet owners are increasingly treating their pets as family members, leading to higher spending on premium pet services. The partnership targets a growing demographic of "pet parents" who prioritize quality care but may need payment flexibility.
The U.S. pet boarding market's
For retail investors, this represents Synchrony's ability to identify and capitalize on emerging consumer trends. The company is effectively leveraging its existing healthcare financing infrastructure to capture share in an adjacent, growing market. The move could help diversify revenue streams and reduce exposure to traditional retail financing volatility.
CareCredit can be used to pay for services from dog training to vet care at Pet Paradise resorts.
"Our partnership with Pet Paradise underscores Synchrony's commitment to the pet resort space and empowering pet parents with flexible financing options," said Jonathan Wainberg, SVP and General Manager, Pet and Co-Brand, Health and Wellness, Synchrony. "These options can be used for a wide range of services to help enhance the quality of life for pets. Our pets do so much for us, and it's important that pet parents have a way to manage their expenses so they can prioritize their pet's health and happiness."
As a leading financial solution in the veterinary space, accepted at more than 25,000 veterinarian clinics nationwide, this partnership builds upon Synchrony's long-standing relationship with NewDay Veterinary Care, a network of veterinary hospitals and clinics that is owned and operated within select Pet Paradise resorts.
"Partnering with Synchrony expands the options available to Pet Paradise customers to support their pet's wellbeing and care," said Alex Miller, CEO of Pet Paradise. "As pet parents ourselves, we know pets can sometimes bring unexpected expenses. Our collaboration with CareCredit allows us to provide a convenient financing option, helping ensure pet owners can access all the services they need for their pet to live their happiest, healthiest life."
The
Pet parents looking for budget-friendly options to manage expenses can see if they prequalify for the CareCredit credit card in real time, with no impact to their credit score, and apply on any smart device at the provider location or apply over the phone. A credit decision is typically within a few seconds, and if approved, they can use their account to pay for their pet's care right away. CareCredit offers shorter-term and longer-term financing options based on purchase amount, and a user-friendly online calculator that makes it easy for pet parents to quickly estimate monthly payments.
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.
About Pet Paradise and NewDay Veterinary Care
Pet Paradise has been a trusted provider of complete pet health care for more than 20 years. Conveniently located under one roof, Pet Paradise offers boarding, day camp, grooming, dog training and NewDay Veterinary Care, which emphasizes comprehensive, low-stress care. Headquartered in
For more information about Pet Paradise visit petparadise.com or Facebook, Instagram, LinkedIn and YouTube. For more information about NewDay, visit newdayvetcare.com or Facebook, Instagram and LinkedIn.
Contacts:
Michelle Romero
michelle.romero@syf.com
(626) 250-1415
Kristen Majdanics
kmajdanics@petparadise.com
(904) 363-3330
[1] Jones, Oliver, Dogster, "17 Pet Daycare & Boarding Industry Statistics: 2024 Update," August 19, 2024, https://www.dogster.com/statistics/pet-daycare-dog-boarding-industry-statistics
View original content to download multimedia:https://www.prnewswire.com/news-releases/paradise-for-pets-peace-of-mind-for-pet-parents-synchronys-carecredit-expands-to-pet-paradise-resorts-nationwide-302351192.html
SOURCE Synchrony Financial
FAQ
When will CareCredit be available at all Pet Paradise locations for SYF customers?
What services can pet owners finance with CareCredit at Pet Paradise?
How many veterinary clinics currently accept Synchrony's CareCredit?
What is the size of the U.S. pet boarding market that SYF is targeting?
How can pet owners apply for CareCredit under the new Pet Paradise partnership?
