Synchrony Adjusts Furniture-Retailer Program Terms
Promo periods on flagship furniture program shortened; merchant discount rates revised.
Curated by Financing Your Way from industry reporting by American Banker. Summary is AI-assisted and editorially reviewed — see our editorial standards.
Synchrony has notified furniture retailers of program changes affecting promotional financing terms and merchant discount rates effective next quarter. Promo periods on the flagship 12- and 18-month deferred-interest plans are being shortened, and MDRs on certain tiers are moving up. For operators relying on a single-lender Synchrony program, this is the moment to evaluate a second tier — either a near-prime lender like Wells Fargo or Citizens, or a lease-to-own backstop like Snap Finance or Acima — to keep approval rates and gross margins intact.
Summarized from industry reporting by American Banker. Direct article link unavailable.