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Synchrony, Discount Tire Extend Consumer Financing Deal

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Synchrony, a premier consumer financial services company, and Discount Tire, a leading independent retailer of tires and wheels, have extended their more than 25-year partnership. This extension ensures Discount Tire customers continue to have access to affordable and flexible financing options for their tire purchases and automotive needs through Synchrony’s Car Care network. Customers can use their Discount Tire card at more than 1,200 retail stores in 39 states including Discount Tire, America’s Tire, Dunn Tire, Suburban Tire Auto Repair Centers and Ellisville Tire and Service, as well as TireRack.com. The card is also accepted at more than one million additional locations nationwide within the Synchrony Car Care network, making auto-related purchases easier than ever.

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According to J.D. Power, tires last an average of six years or 50,000 miles and replacing tires can cost anywhere from hundreds to more than a thousand dollars, depending on type and size. The Discount Tire credit card, backed by the Synchrony Car Care network, gives customers access to exclusive financing offers to pay for tires and service, including deferred interest promotions based on their purchase amounts and special promotions. Additional cardholder perks include no annual fee and zero-dollar liability for fraud transactions. Customers can quickly see if they prequalify for the Discount Tire credit card with no impact to their credit score online.

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“As the age of vehicles on the road increase and maintenance costs rise, our financing solutions help drivers stay safe while managing their budgets effectively,” said Curtis Howse, EVP & CEO of Synchrony Home & Auto. “Extending our partnership with Discount Tire reinforces our commitment to making tire and wheel purchases and other necessary auto purchases more accessible and affordable for millions of drivers.”

As a cornerstone of the Synchrony Car Care network, Discount Tire provides millions of cardholders with trusted service and financing options tailored to their needs. Cardholders also have access to a number of innovative digital payment solutions, streamlining the application and account management process. Discount Tire is currently Synchrony’s only auto retailer whose credit card can be added to Apple Wallet® for seamless in-store purchases via Apple Pay.

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“Our continued partnership with Synchrony is a testament to our shared commitment to making tire and wheel purchases easy, inviting, and safe for customers,” said Christian Roe, Chief Revenue Officer at Discount Tire. “By expanding access to financing through Synchrony’s Car Care network, we’re giving customers greater flexibility to manage their vehicle expenses.”

To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com

Source: prnewswire

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