Synchrony Financial news and trends

Synchrony CEO: Credit Metrics Strong as Consumers ‘Are Being Disciplined’
Earnings // April 22, 2025

Synchrony Financial’s first-quarter results indicated that consumers are pulling back on spending, particularly for larger ticket items, and have taken steps to pare down their credit card debt. The net result is that consumers are proving to be responsible stewards of their credit even amid...

Synchrony Looks to Best Rate Cut Environment With Innovation Mix
Earnings // January 28, 2025

The consumer financing landscape is a dynamic one, where both strategy and execution are the key guardrails of success for financial service businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Private-Label Card Trends May Signal Uneven Holiday Spending
Credit Cards // October 29, 2024

Private-label credit cards, or store cards, make up a small percentage of overall consumer credit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Synchrony Sees Digital Mix Key to Navigating Uncertain Environment
Earnings // July 17, 2024

In today’s uncertain environment, consumers want one thing: choice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Interviews & Exclusives
What’s In Your Wallet? A PayPal Credit Card

August 31, 2017
From digital to plastic ... and back again, with cash in hand or wallet or digital wallet to boot. PayPal has announced a cash back card with Mastercard. The push into payments in-store shows a bit of truism to the maxim what's old is new again. PYMNTS caught up with Zach Knox, PayPal’s director of Credit Card Programs, to get a sense of how digital and plastic can go hand in hand.

Credit Cards Sizzle, Debt Fizzles And Alibaba Crushes Earnings

August 18, 2017
It’s Friday, which can only mean one thing — time to see what Sizzled and what Fizzled this week. Get the Full Story Complete the form to unlock this article...

Staring Into The Crystal Ball of Retail’s Future

April 06, 2017
Unfortunately, there’s no magical crystal ball that can provide a glimpse into the future of retail. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Quick Reads
Report: Apple Aims to End Credit Card Partnership With Goldman Sachs

November 28, 2023
Apple has reportedly decided to end its credit card partnership with Goldman Sachs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications […]

Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty

October 02, 2023
Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. Get the Full Story Complete the form to unlock this article and...

Synchrony Said Email About Amazon Card Was Mistake, Not Breach

November 26, 2019
Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. Get the...

PayPal Launches Venmo Credit Card

October 17, 2019
Online payments giant PayPal is teaming with Synchrony Financial to roll out a Venmo co-branded credit card next year, marking a first for the peer-to-peer (P2P) money transfer platform, the...