Synchrony, Discount Tire extend card financing pact

STAMFORD, Conn. (Jan. 19, 2016) — Financial services firm Synchrony Financial and Discount Tire/America's Tire have agreed to a multi-year renewal of their consumer credit program that provides financing for Discount Tire's customers.

The Discount Tire CarCareONE credit card program, which began in 1997, provides customers with convenient payment options and savings on full-service tire and wheel sales and replacement as well as maintenance and repair purchases, according to the companies. The deal covers Discount Tire's more than 900 stores in 31 states along with online customers at the company's discountire.com and tires.com websites.

The companies said that qualifying CarCareONE cardholders can receive product rebates, special financing, exclusive savings, e-bill and e-payment services. The card also is accepted at more than 13,000 gas stations across the U.S.

“The CarCareONE financing program is an essential tool for supporting our growth initiatives and an important part of our retail offering, giving customers payment options that enable them to buy the best tire for their needs and budget for planned and unplanned tire and wheel purchases,” said Christian Roe, Scottsdale, Ariz.-based Discount Tire's CFO.

“Synchrony Financial understands the emphasis we place on exceptional customer service and safety and shares the same commitment to grow our business.”

Glenn Marino, executive vice president and CEO of payment solutions for Synchrony Financial — formerly GE Capital Retail Finance — said the firm has partnered with Discount Tire for nearly 20 years, helping the dealership “build their business and provide their customers with convenient payment options. It's great to continue to grow our relationship and bring value to Discount Tire's customer service and satisfaction guarantee.”

Discount Tire, established in 1960, also operates stores in Oregon and some parts of California and Washington under the America's Tire banner.

Stamford-based Synchrony provides a range of credit products through programs established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, Its partners have more than 300,000 locations across the U.S. and Canada, according to the company, which offers private label and co-branded Dual Card credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank.