Synchrony partners with Floor & Decor on new credit card program

Synchrony (SYF) announced an agreement to provide a financial services program to homeowners and professional customers of Floor & Decor (FND), a specialty retailer of hard-surface flooring. The agreement builds on Floor & Decor’s strategy of helping its customers by offering promotional financing for their flooring needs. Through Synchrony, the new Floor & Decor financing program features: A professional private label credit card for contractors to manage project-related purchases and bulk purchases, including promotional financing for six months on purchases over $299. A consumer private label credit card, including promotional financing for six months on purchases up to $499, 12 months on purchases $499 or more, and 48 months at 6.99% APR on purchases over $2,500. Enhanced fraud-mitigation capabilities. Responsible underwriting and credit line assignments. A prequalification process where consumers can get a credit decision in seconds without an impact to their credit score. A streamlined application process, including Synchrony’s Direct to Device and dApply, which allows customers to apply safely and securely via their personal devices. Synchrony’s financing program will provide Floor & Decor with multi-product payment options that enable its consumer and commercial customers to access promotional financing at any of the company’s more than 200 warehouse-format stores and five design studios across 36 states.