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Strengthening a Vital Partnership: Synchrony and Discount Tire

In a significant move for automotive customers across the nation, Synchrony (NYSE: SYF) and Discount Tire are reaffirming their commitment to drivers by extending their partnership, which spans over 25 years. This collaboration aims to ensure that customers have easier access to flexible financial solutions as they manage tire purchases and related automotive services.

A Seamless Experience for Drivers

Discount Tire has established itself as a leading independent retailer of tires and wheels, boasting over 1,200 retail locations across 39 states. With the new terms of their partnership, customers can now utilize their Discount Tire card not only at these retail stores but also across the expansive Synchrony Car Care network, which includes more than one million locations nationwide. This extensive reach simplifies the purchasing process for drivers, making essential autocare more accessible than ever.

According to J.D. Power, it is estimated that tires have an average lifespan of around six years or 50,000 miles. Consequently, replacing them often comes with a hefty price tag, ranging from hundreds to possibly over a thousand dollars, depending on size and type. The Discount Tire credit card, supported by Synchrony's Car Care network, offers exclusive financing solutions tailored to help customers manage these costs effectively.

Exclusive Benefits and Options

Beyond just simplifying payments, the Discount Tire credit card provides a variety of valuable features. Cardholders can benefit from deferred interest promotions tied to their purchase amounts and special financing offers. Another appealing aspect of using this credit product is the lack of an annual fee and zero liability for fraudulent transactions. Additionally, customers can easily check their prequalification status for the credit card online—without it affecting their credit scores.

Curtis Howse, the Executive Vice President and CEO of Synchrony Home & Auto remarked, "As the age of vehicles on the road increases and maintenance costs rise, our financing solutions help drivers stay safe while managing their budgets effectively... our partnership with Discount Tire reinforces our commitment to making tire and wheel purchases more accessible for millions of drivers."

Innovative Features for Enhanced Convenience

Central to the success of this partnership is the innovative digital payment solutions provided to cardholders. These technologies streamline both the application process and account management, making it easier than ever for consumers to handle their financial needs. Notably, Discount Tire is the only auto retailer participating in Synchrony’s program that allows customers to add their credit card to Apple Wallet. This integration facilitates a smooth in-store purchasing experience using Apple Pay.

Discount Tire’s Chief Revenue Officer, Christian Roe, underlined the significance of this relationship by stating, "Our continued partnership with Synchrony is a testament to our shared commitment to making tire and wheel purchases easy, inviting, and safe for customers... By expanding access to financing through Synchrony's Car Care network, we're giving customers greater flexibility to manage their vehicle expenses."

About Discount Tire and Synchrony

Founded in 1960 by Bruce T. Halle, Discount Tire has grown into a premier retailer of tires, wheels, and windshield wipers, focusing on customer satisfaction. Its proprietary online tool, Treadwell, leverages extensive data and driving habits to recommend the most suitable tires for customers’ unique driving conditions.

On the other hand, Synchrony, with nearly 100 years in the consumer financing space, is pivotal in offering a wide array of credit and banking products across sectors including health, auto, retail, and beyond. This commitment to responsible credit access not only supports the financial well-being of many Americans but also aids the growth and sustainability of thousands of businesses across the country.

For more information about their services, please visit Discount Tire and Synchrony.