Synchrony Continues as Exclusive Issuer of the
Techron Advantage Credit Card for Chevron and Texaco
Customers
STAMFORD, Conn., Dec. 18,
2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a
premier consumer financial services company, today announced the
extension of their collaboration with Chevron U.S.A. Inc., a wholly owned subsidiary of
Chevron Corporation (NYSE: CVX), on the Techron Advantage Credit
Card program. The amendment by the parties of their existing
agreement to extend the term builds upon the success of the
companies' 17-year relationship, combining Synchrony's expertise in
consumer financing with Chevron Corporation's ("Chevron") legacy of
innovation and customer-centric approach. The extension of this
agreement also coincides with a remarkable milestone: the 100th
anniversary of Chevron's first consumer credit card, a paper card
first issued by the Standard Oil Company of California in 1924.
The Techron Advantage Credit Card program offers consumers a
range of innovative features, including:
- Synchrony's digital application and pre-qualification
options
- Access to the Synchrony Car Care™ network, allowing card usage
at more than a million locations
- 6-month promotional financing on purchases of $199 or more (restrictions apply)
- Special offers available when cardholders pay with the mobile
payment app using their Chevron Techron Advantage Card
- Fuel credits of three cents per
gallon for all customers, with Techron Advantage Visa® cardholders
eligible for up to an additional 10
cents per gallon off, depending on non-fuel merchant
purchases
"For a century, Chevron has been at the forefront of
customer-focused innovations in energy," said Curtis Howse, executive vice president and CEO,
Home & Auto, Synchrony. "Synchrony's focus on digital
capabilities and flexible payment options aligns with Chevron's
forward-thinking approach. The renewal of this service agreement
underscores Synchrony's commitment to providing innovative
financial solutions to meet the evolving needs of Chevron's
consumers."
The Synchrony Car Care Network
The Synchrony Car Care™ network offers a comprehensive solution for
managing automotive expenses at more than a million locations
nationwide, including gas stations, auto repair shops, tire stores
and car washes. With the ability to pay for everything from routine
maintenance to unexpected repairs, as well as for parking and car
rentals, the Synchrony Car Care Network simplifies automotive
financial management while providing flexibility and convenience
for cardholders.
A Century of Innovation in Consumer Finance
In 1924, Chevron, then Standard Oil Company of California, pioneered the concept of consumer
credit in the oil industry, introducing a revolutionary "courtesy
card" that allowed customers to purchase gasoline and oil products
on credit. This visionary move not only enhanced customer
convenience but also laid the foundation for modern consumer credit
practices in the energy sector. Synchrony Financial has worked with
Chevron on consumer credit card programs since 2007, and another
milestone was reached in 2008 with the launch of a Visa card,
expanding utility for cardholders.
"For nearly two decades, Chevron has worked with Synchrony to
offer our customers cutting-edge financial products that enhance
their experience at Chevron and Texaco stations nationwide," said
Rod Tos, Manager of Payments,
Loyalty, Mobility & Websites, Chevron. "We're particularly
excited about the new value proposition anticipated to roll out
next year, which will complement our Chevron Texaco Rewards program
and provide even greater benefits to our loyal
customers."
Learn more about the Techron Advantage Credit Card and Techron
Advantage Visa Credit Card here.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services
company delivering one of the industry's most complete digitally
enabled product suites. Our experience, expertise and scale
encompass a broad spectrum of industries including digital, health
and wellness, retail, telecommunications, home, auto, outdoor, pet
and more. We have an established and diverse group of national and
regional retailers, local merchants, manufacturers, buying groups,
industry associations and healthcare service providers, which we
refer to as our "partners." We connect our partners and consumers
through our dynamic financial ecosystem and provide them with a
diverse set of financing solutions and innovative digital
capabilities to address their specific needs and deliver seamless,
omnichannel experiences. We offer the right financing products to
customers in their channel of choice. For more information,
visit Synchrony.
Contact:
Carey Marin
Synchrony
214-914-1157
carey.marin@syf.com
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SOURCE Synchrony Financial