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Synchrony Extends Consumer Credit Card Issuing Agreement with Chevron, Celebrates 17 Years of Innovative Financial Solutions for Consumers

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Synchrony (NYSE: SYF) has announced the extension of its partnership with Chevron U.S.A. for the Techron Advantage Credit Card program. This renewal coincides with the 100th anniversary of Chevron's first consumer credit card, introduced in 1924. The partnership, spanning 17 years, combines Synchrony's consumer financing expertise with Chevron's innovation-focused approach.

The Techron Advantage Credit Card program features digital application options, access to the Synchrony Car Care™ network with over a million locations, 6-month promotional financing on purchases of $199+, and fuel credits of three cents per gallon, with Techron Advantage Visa® cardholders eligible for up to additional 10 cents per gallon off. The program will see a new value proposition rollout in 2025 to complement Chevron Texaco Rewards program.

Synchrony (NYSE: SYF) ha annunciato l'estensione della sua partnership con Chevron U.S.A. per il programma della Techron Advantage Credit Card. Questo rinnovo coincide con il centenario della prima carta di credito al consumo di Chevron, introdotta nel 1924. La partnership, che dura da 17 anni, combina l'expertise di finanziamento al consumo di Synchrony con l'approccio innovativo di Chevron.

Il programma della Techron Advantage Credit Card offre opzioni di applicazione digitale, accesso alla rete Synchrony Car Care™ con oltre un milione di sedi, finanziamenti promozionali di 6 mesi sugli acquisti di $199+, e crediti per il carburante di tre centesimi per gallone, con i titolari della carta Techron Advantage Visa® che possono ottenere fino a ulteriori 10 centesimi per gallone in meno. Il programma prevede il lancio di una nuova proposta di valore nel 2025 per integrare il programma Chevron Texaco Rewards.

Synchrony (NYSE: SYF) ha anunciado la extensión de su asociación con Chevron U.S.A. para el programa de la tarjeta de crédito Techron Advantage. Esta renovación coincide con el 100.º aniversario de la primera tarjeta de crédito al consumidor de Chevron, introducida en 1924. La asociación, que abarca 17 años, combina la experiencia de financiamiento al consumidor de Synchrony con el enfoque innovador de Chevron.

El programa de la tarjeta de crédito Techron Advantage ofrece opciones de solicitud digital, acceso a la red Synchrony Car Care™ con más de un millón de ubicaciones, financiamiento promocional de 6 meses en compras de $199+, y créditos de combustible de tres centavos por galón, con los titulares de la tarjeta Techron Advantage Visa® elegibles para obtener hasta 10 centavos adicionales por galón de descuento. El programa verá el lanzamiento de una nueva propuesta de valor en 2025 para complementar el programa de recompensas Chevron Texaco.

Synchrony (NYSE: SYF)Chevron U.S.A.와 Techron Advantage 신용카드 프로그램의 파트너십 연장을 발표했습니다. 이 갱신은 1924년에 도입된 Chevron의 첫 번째 소비자 신용카드의 100주년과 맞물립니다. 17년 간 지속된 이 파트너십은 Synchrony의 소비자 금융 전문성과 Chevron의 혁신 중심 접근 방식을 결합합니다.

Techron Advantage 신용카드 프로그램은 디지털 신청 옵션, 백만 개 이상의 위치에 접근할 수 있는 Synchrony Car Care™ 네트워크, $199 이상의 구매에 대해 6개월 프로모션 금융, 갤런당 3센트의 연료 크레딧을 제공합니다. Techron Advantage Visa® 카드 소지자는 갤런당 최대 10센트의 추가 할인 혜택을 받을 수 있습니다. 이 프로그램은 2025년에 Chevron Texaco Rewards 프로그램을 보완하는 새로운 가치 제안을 출시할 예정입니다.

Synchrony (NYSE: SYF) a annoncé l'extension de son partenariat avec Chevron U.S.A. pour le programme de la carte de crédit Techron Advantage. Ce renouvellement coïncide avec le 100e anniversaire de la première carte de crédit pour consommateurs de Chevron, introduite en 1924. Ce partenariat, qui s'étend sur 17 ans, allie l'expertise de financement à la consommation de Synchrony à l'approche axée sur l'innovation de Chevron.

Le programme de la carte de crédit Techron Advantage propose des options de candidature numérique, un accès au réseau Synchrony Car Care™ avec plus d'un million d'emplacements, un financement promotionnel de 6 mois sur les achats de 199 $ et des crédits de carburant de trois cents par gallon, avec des titulaires de la carte Techron Advantage Visa® pouvant bénéficier d'une remise supplémentaire allant jusqu'à 10 cents par gallon. Le programme verra le lancement d'une nouvelle proposition de valeur en 2025 pour compléter le programme de récompenses Chevron Texaco.

Synchrony (NYSE: SYF) hat die Verlängerung seiner Partnerschaft mit Chevron U.S.A. für das Techron Advantage Kreditkartenprogramm bekannt gegeben. Diese Erneuerung fällt mit dem 100. Jubiläum der ersten Verbraucherkreditkarte von Chevron zusammen, die 1924 eingeführt wurde. Die Partnerschaft, die sich über 17 Jahre erstreckt, kombiniert die Expertise von Synchrony im Verbraucherdarlehen mit dem innovationsorientierten Ansatz von Chevron.

Das Techron Advantage Kreditkartenprogramm bietet digitale Antragsoptionen, Zugang zum Synchrony Car Care™ Netzwerk mit über einer Million Standorten, 6 Monate werblichen Finanzierungen bei Einkäufen ab 199 $ sowie Treibstoffgutschriften von drei Cent pro Gallone. Inhaber der Techron Advantage Visa® Karte können bis zu weiteren 10 Cent pro Gallone Rabatt erhalten. Im Jahr 2025 wird ein neues Wertangebot vorgestellt, um das Chevron Texaco Rewards Programm zu ergänzen.

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Synchrony Continues as Exclusive Issuer of the Techron Advantage Credit Card for Chevron and Texaco Customers 

STAMFORD, Conn., Dec. 18, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, today announced the extension of their collaboration with Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), on the Techron Advantage Credit Card program. The amendment by the parties of their existing agreement to extend the term builds upon the success of the companies' 17-year relationship, combining Synchrony's expertise in consumer financing with Chevron Corporation's ("Chevron") legacy of innovation and customer-centric approach. The extension of this agreement also coincides with a remarkable milestone: the 100th anniversary of Chevron's first consumer credit card, a paper card first issued by the Standard Oil Company of California in 1924. 

The Techron Advantage Credit Card program offers consumers a range of innovative features, including: 

  • Synchrony's digital application and pre-qualification options
  • Access to the Synchrony Car Care™ network, allowing card usage at more than a million locations
  • 6-month promotional financing on purchases of $199 or more (restrictions apply)
  • Special offers available when cardholders pay with the mobile payment app using their Chevron Techron Advantage Card
  • Fuel credits of three cents per gallon for all customers, with Techron Advantage Visa® cardholders eligible for up to an additional 10 cents per gallon off, depending on non-fuel merchant purchases

"For a century, Chevron has been at the forefront of customer-focused innovations in energy," said Curtis Howse, executive vice president and CEO, Home & Auto, Synchrony. "Synchrony's focus on digital capabilities and flexible payment options aligns with Chevron's forward-thinking approach. The renewal of this service agreement underscores Synchrony's commitment to providing innovative financial solutions to meet the evolving needs of Chevron's consumers."

The Synchrony Car Care Network
The Synchrony Car Care™ network offers a comprehensive solution for managing automotive expenses at more than a million locations nationwide, including gas stations, auto repair shops, tire stores and car washes. With the ability to pay for everything from routine maintenance to unexpected repairs, as well as for parking and car rentals, the Synchrony Car Care Network simplifies automotive financial management while providing flexibility and convenience for cardholders. 

A Century of Innovation in Consumer Finance
In 1924, Chevron, then Standard Oil Company of California, pioneered the concept of consumer credit in the oil industry, introducing a revolutionary "courtesy card" that allowed customers to purchase gasoline and oil products on credit. This visionary move not only enhanced customer convenience but also laid the foundation for modern consumer credit practices in the energy sector. Synchrony Financial has worked with Chevron on consumer credit card programs since 2007, and another milestone was reached in 2008 with the launch of a Visa card, expanding utility for cardholders. 

"For nearly two decades, Chevron has worked with Synchrony to offer our customers cutting-edge financial products that enhance their experience at Chevron and Texaco stations nationwide," said Rod Tos, Manager of Payments, Loyalty, Mobility & Websites, Chevron. "We're particularly excited about the new value proposition anticipated to roll out next year, which will complement our Chevron Texaco Rewards program and provide even greater benefits to our loyal customers." 

Learn more about the Techron Advantage Credit Card and Techron Advantage Visa Credit Card here.  

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 customers in their channel of choice. For more information, visit Synchrony

Contact:
Carey Marin 
Synchrony 
214-914-1157 
carey.marin@syf.com 

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SOURCE Synchrony Financial

FAQ

What are the key benefits of the Synchrony-Chevron Techron Advantage Credit Card?

The card offers fuel credits of 3 cents per gallon, up to additional 10 cents per gallon for Visa cardholders, access to over 1 million Synchrony Car Care locations, 6-month promotional financing on $199+ purchases, and special offers through mobile payment apps.

How long has the Synchrony-Chevron credit card partnership been active?

Synchrony has been working with Chevron on consumer credit card programs since 2007, marking a 17-year partnership as of 2024.

What changes are coming to the SYF-Chevron credit card program in 2025?

A new value proposition is planned to roll out in 2025 that will complement the existing Chevron Texaco Rewards program, though specific details weren't disclosed in the announcement.

Where can the Synchrony-Chevron Techron Advantage Card be used?

The card can be used at Chevron and Texaco stations nationwide, plus over a million locations in the Synchrony Car Care network, including gas stations, auto repair shops, tire stores, car washes, parking facilities, and car rentals.

What is the historical significance of the Chevron credit card program?

Chevron (then Standard Oil Company of California) pioneered consumer credit in the oil industry by introducing the first 'courtesy card' in 1924, marking 100 years of consumer credit innovation in 2024.

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