Synchrony Renews 30-Year Relationship Dedicated to Enhancing Credit and Shopping Experiences with Sam's Club
Synchrony has announced a multi-year extension of its 30-year strategic credit card partnership with Sam's Club. The company will continue as the exclusive issuer of consumer, business, and commercial credit cards for Sam's Club across its 600 locations in the U.S. and Puerto Rico, including online and mobile platforms.
The partnership focuses on enhancing shopping and credit experiences through key features including: integration with Sam's Club's Scan & Go™ technology for seamless checkout, digital-first solutions through Synchrony's SyPI and dApply technology, and the Sam's Cash™ rewards program. The Sam's Club Mastercard® offers 5% back on fuel (up to $6,000 annually), 3% on dining, and 1% on other purchases. Plus members can earn up to 5% total rewards on eligible Sam's Club purchases.
Synchrony ha annunciato un'estensione pluriennale della sua partnership strategica trentennale con Sam's Club per le carte di credito. L'azienda continuerà a essere l'emittente esclusivo delle carte di credito per consumatori, imprese e commerciali per Sam's Club in tutti i suoi 600 punti vendita negli Stati Uniti e a Porto Rico, comprese le piattaforme online e mobili.
La partnership si concentra sul miglioramento dell'esperienza di shopping e credito attraverso funzionalità chiave come: integrazione con la tecnologia Scan & Go™ di Sam's Club per un checkout senza soluzione di continuità, soluzioni digital-first attraverso la tecnologia SyPI e dApply di Synchrony, e il programma di premi Sam's Cash™. La Sam's Club Mastercard® offre il 5% di ritorno su carburante (fino a $6,000 all'anno), 3% sui ristoranti e 1% su altri acquisti. Inoltre, i membri possono guadagnare fino al 5% di premi totali sugli acquisti idonei di Sam's Club.
Synchrony ha anunciado una extensión de varios años de su asociación estratégica de 30 años con Sam's Club en tarjetas de crédito. La compañía continuará como el emisor exclusivo de tarjetas de crédito para consumidores, negocios y comerciales de Sam's Club en sus 600 ubicaciones en los EE. UU. y Puerto Rico, incluidas las plataformas en línea y móviles.
La asociación se centra en mejorar las experiencias de compra y crédito a través de características clave, incluida la integración con la tecnología Scan & Go™ de Sam's Club para un pago sin problemas, soluciones digitales de primera línea a través de la tecnología SyPI y dApply de Synchrony, y el programa de recompensas Sam's Cash™. La Mastercard® de Sam's Club ofrece un 5% de reembolso en combustible (hasta $6,000 anuales), un 3% en restaurantes y un 1% en otras compras. Además, los miembros pueden ganar hasta un 5% de recompensas totales en compras elegibles de Sam's Club.
Synchrony는 Sam's Club와의 30년 전략적 신용카드 파트너십을 다년간 연장한다고 발표했습니다. 이 회사는 미국과 푸에르토리코 전역의 600개 매장에서 Sam's Club의 소비자, 비즈니스 및 상업 신용카드의 독점 발급사가 계속됩니다. 온라인 및 모바일 플랫폼도 포함됩니다.
이번 파트너십은 체크아웃의 원활함을 위한 Sam's Club의 Scan & Go™ 기술 통합, Synchrony의 SyPI 및 dApply 기술을 통한 디지털 우선 솔루션, Sam's Cash™ 보상 프로그램 등 핵심 기능을 통해 쇼핑 및 신용 경험을 향상하는 데 중점을 두고 있습니다. Sam's Club Mastercard®는 연료에 대해 5%의 캐시백(연간 최대 $6,000), 외식에 대해 3%, 기타 구매에 대해 1%를 제공합니다. Plus 회원은 적격한 Sam's Club 구매에서 최대 5%의 총 보상을 받을 수 있습니다.
Synchrony a annoncé une extension de plusieurs années de son partenariat stratégique de 30 ans avec Sam's Club en matière de cartes de crédit. L'entreprise continuera d'être l'émetteur exclusif des cartes de crédit pour les consommateurs, les entreprises et le commerce pour Sam's Club dans ses 600 points de vente aux États-Unis et à Porto Rico, y compris sur les plateformes en ligne et mobiles.
Ce partenariat se concentre sur l'amélioration des expériences de shopping et de crédit grâce à des fonctionnalités clés, notamment : l'intégration de la technologie Scan & Go™ de Sam's Club pour un passage en caisse sans friction, des solutions numériques de première ligne via la technologie SyPI et dApply de Synchrony, et le programme de récompenses Sam's Cash™. La Sam's Club Mastercard® offre 5% de retour sur le carburant (jusqu'à 6 000 $ par an), 3% sur la restauration et 1% sur d'autres achats. De plus, les membres peuvent gagner jusqu'à 5% de récompenses totales sur les achats éligibles de Sam's Club.
Synchrony hat eine mehrjährige Verlängerung seiner 30-jährigen strategischen Kreditkartenpartnerschaft mit Sam's Club angekündigt. Das Unternehmen wird weiterhin der exklusive Herausgeber von Verbraucher-, Geschäfts- und Handels-Kreditkarten für Sam's Club in seinen 600 Standorten in den USA und Puerto Rico sein, einschließlich Online- und Mobilplattformen.
Die Partnerschaft konzentriert sich darauf, die Einkaufserlebnisse und Kreditbedingungen durch wichtige Funktionen zu verbessern, darunter die Integration der Scan & Go™ Technologie von Sam's Club für einen nahtlosen Checkout, digitale Lösungen der ersten Wahl über die SyPI- und dApply-Technologie von Synchrony, sowie das Belohnungsprogramm Sam's Cash™. Die Sam's Club Mastercard® bietet 5% Rückerstattung auf Kraftstoffe (bis zu $6,000 jährlich), 3% auf Restaurants und 1% auf andere Einkäufe. Plus-Mitglieder können bis zu 5% Gesamtrückerstattung auf berechtigte Sam's Club-Einkäufe verdienen.
- Multi-year extension of a successful 30-year partnership secured
- Exclusive credit card issuer status maintained for 600 locations
- Integration with innovative Scan & Go™ technology enhancing customer experience
- Competitive rewards program offering up to 5% back on fuel and purchases
- None.
Insights
This strategic partnership renewal solidifies Synchrony's position as a dominant player in the retail financial services sector. The multi-year extension with Sam's Club, a major retailer with 600 locations, represents a significant revenue stream protection for Synchrony, potentially accounting for a substantial portion of their retail credit portfolio.
The deal's technological components are particularly noteworthy. The integration with Scan & Go™ technology and the implementation of SyPI and dApply showcase Synchrony's commitment to digital transformation. These features address the important frictionless payment trend in retail, positioning both companies ahead of the digital curve in the competitive retail credit space.
The rewards structure is strategically crafted to drive member engagement and spending:
- 5% back on fuel (up to
$6,000 annually) - 3% on dining
- 1% on other purchases
- Additional 2% for Plus members on Sam's Club purchases
This tiered approach is designed to maximize card usage across multiple spending categories, potentially driving higher transaction volumes and associated fee income for Synchrony. The automatic rewards loading feature removes friction in the redemption process, likely leading to higher customer satisfaction and retention rates.
The renewal also demonstrates Synchrony's ability to maintain long-term, high-value partnerships in an increasingly competitive fintech environment. This is particularly significant as traditional financial institutions face growing pressure from new digital payment solutions and buy-now-pay-later services.
Synchrony Signs Multi-Year Extension of Strategic Credit Card Program with Sam's Club
As part of the extension, Synchrony will continue to be the issuer of consumer, business and commercial credit card programs for Sam's Club at the retailer's 600 locations across the
Synchrony will continue to collaborate with Sam's Club to offer seamless member experiences and invest in strategic technology that helps members more easily access the products and services they need and want while earning rewards to enhance their shopping experience. Key highlights include:
- Seamless Payment and Checkout Experience: Synchrony's integration with Sam's Club's innovative Scan & Go™ technology where members can scan items, seamlessly purchase with their Sam's Club credit card using their mobile devices, skip the checkout line and simply exit the club through the exit arches.
- Digital First: Synchrony's patented SyPI and patent-pending dApply technology allow members to easily apply for credit, make transactions and service their account all within the Sam's Club app.
- Sam's Cash™:
- Recognized by Money Magazine as the Best for Gas Cash Back Credit Card for the past three years, Sam's Club Mastercard® cardholders can earn an industry leading
5% back in Sam's Cash on fuel (up to$6,000 3% on dining, and1% on other purchases. - Plus members earn
3% back in Sam's Cash™ on Sam's Club purchases when they use their Sam's Club Mastercard® and another2% back from their Plus membership, for a total of up to5% rewards on eligible purchases. - These rewards are automatically loaded into membership accounts and can be used towards future purchases made both online and in-club, or exchanged for cash back.
- Recognized by Money Magazine as the Best for Gas Cash Back Credit Card for the past three years, Sam's Club Mastercard® cardholders can earn an industry leading
"Our collaboration with Synchrony is going strong after 30-plus years because we're relentlessly focused on creating the best shopping experience for our members," said Kara Kazazean, Vice President of Financial Services at Sam's Club. "The Sam's Club credit card is designed to make the shopping experience easy, secure, and convenient — all while helping our members earn more."
"Our longstanding relationship with Sam's Club is a model of collaboration, innovation and trust," said Courtney Gentleman, Executive Vice President and CEO of Diversified & Value platform at Synchrony. "With access to the right financing, consumers and businesses thrive. We look forward to continuing to deliver convenience and value to millions of Sam's Club members with every use of their Sam's credit card."
To learn more about Sam's Club and Synchrony's credit card program, please visit: https://www.samsclub.com/content/credit
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.
Media Contact:
Angie Hu
Synchrony
angie.hu@syf.com
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SOURCE Synchrony
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