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 credit products into their checkout experience; consumers use these cards to finance purchases. Synchrony earns money primarily through interest charged on revolving balances, plus interchange fees and partner fees. Its three main lines are store credit cards, promotional financing for big-ticket purchases (e.g., furniture, auto parts), and CareCredit, which covers elective medical and dental procedures.