Sam’s Club and Synchrony Extend Collaboration on Strategic Credit Card Program with Multi-Year Agreement
– The agreement builds on a 25-year collaboration with the credit card program
– Extension to improve rewards and increase added value for members and small businesses
– Two companies continue to connect digital and physical experiences with innovative payment technologies
BENTONVILLE, Ark. And STAMFORD, Connecticut, October 19, 2020 / PRNewswire / – Sam’s Club and Synchrony announced a multi-year extension of their strategic fundraising and credit card relationship that aims to increase added value for Sam’s Club members by redesigning and improving card rewards.
As part of the expansion, Synchrony will continue to issue, manage and service the redesigned and recreated consumer and commercial credit card programs for Sam’s Club at nearly 600 retail locations in the United States and Puerto Rico, as well as on SamsClub.com.
This year, the two organizations are celebrating a 25-year collaboration that has spanned multiple offerings providing valuable benefits to consumers and small businesses. Synchrony continues to make strategic investments in the Sam’s Club program to design digital and club experiences. For example, the Sam’s Club credit capacity card is integrated into the Sam’s Club application via the Synchrony plug-in (SyPI) to facilitate the application, purchase and management of member accounts. Synchrony has also joined the innovative Sam’s Club “Scan & Go” technology by allowing members to apply and purchase seamlessly with their Sam’s Club credit card.
“We are pleased to renew our long-standing relationship with Synchrony and continue to provide value to our members,” said Mike cook, Senior Vice President and Assistant Treasurer of Walmart. “The Sam’s Club credit card helps us deepen relationships and loyalty with our members who expect their shopping experience to be easy, secure and transparent. Specifically, the Sam’s Club credit card gives members the value they are looking for, including cash back on purchases. ”
“Our long-term strategic relationship with Sam’s Club demonstrates the power of Synchrony’s unique financial services and digital capabilities. We look forward to continuing to provide the millions of Sam’s Club members and cardholders with the value and differentiated experiences they have come to expect, ”said Tom quindlen, Executive Vice President and CEO of Retail Card at Synchrony.
About the Sam’s Club
Sam’s Club®, a division of Walmart Inc. (NYSE: WMT), is a premier membership warehouse club providing premium products, savings and service to millions of members at nearly 600 clubs across United States and Porto Rico. Now in its 38th year, Sam’s Club continues to redefine warehouse shopping with its highly selected assortment of high quality fresh food and member branded items, in addition to market leading technologies and services such as Scan & Go, Curbside Pickup and home delivery service to markets. To learn more about Sam’s Club, visit Sam’s Club press room, shop at SamsClub.comand interact with Sam’s Club on Twitter and Facebook.
Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative consumer banking products, in key industries such as digital, retail, home, automotive, travel, health and pets. company. Synchrony enables our partners to increase sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses, as well as healthcare providers.
Synchronization is changing what’s possible through our digital capabilities, deep industry expertise, actionable data, seamless customer experience, and personalized financing solutions. For more information visit synchrony.com and Twitter: @Synchrony.
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