Stamford-headquartered Synchrony (NYSE:”¯SYF) is partnering with Floor & Décor on a financial services program that provides private label credit cards for the hard-surface flooring retailer.
The new program features a consumer private label credit card and a professional private label credit card for contractors to manage project-related purchases and bulk purchases. The consumer card includes promotional financing for six months on purchases up to $499, 12 months on purchases $499 or more, and 48 months at 6.99% APR on purchases over $2,500. The professional card includes promotional financing for six months on purchases over $299.
“We are expanding our footprint across the United States to offer our customers the tailored payment and financing solutions they need for big or small purchases occurring in-person or digitally,” said Trevor Lang, president of Floor & Decor. “By partnering with Synchrony, we expect to continue to provide a dynamic financial ecosystem with a broad range of products and services, attractive value propositions, and seamless experiences that meet our customers’ needs.”
“Floor & Decor is a high growth retailer, and Synchrony is well positioned to help them achieve their objectives,” said Curtis Howse, CEO of home and auto at Synchrony. “Whether the company needs underwriting capabilities, seamless omnichannel experiences, or a diverse suite of financial products and services, Synchrony is committed to deliver strong, targeted outcomes.”
