Synchrony Financial

Synchrony Financial issues private-label and co-branded credit cards on behalf of retail, healthcare, and other partners. Retailers, e-commerce platforms, and healthcare providers embed Synchrony's financing into their checkout experience; consumers use the cards to make purchases, often with promotional financing terms. Synchrony earns money primarily through interest charges on revolving card balances, along with merchant fees. Its three main businesses are store credit cards (e.g., partner-branded retail cards), installment financing for big-ticket purchases, and CareCredit, which covers elective medical and dental procedures.