Synchrony Financial Timeline
Our name is new, but we trace our roots to 1932.
Completed separation from GE and became fully independent company.
Added to S&P 500.
Synchrony Financial conducts IPO, is listed on NYSE as “SYF” and introduces branding — Engage with us.
Implemented chip-enabled technology with Sam’s Club® as first mass retailer.
Acquired MetLife Retail Deposits business and introduced award-wining Optimizer+plus.
Opened Innovation Station to accelerate development of our mobile technology strategies.
Agreement signed with Toys“R”Us.
First Major Purchase Study conducted to track 12 industries annually.
Mobile account management and Business Center launch.
Acquired Chevron® and Texaco® branded consumer credit card program.
Launched Luxury Finance Program for Jewelry and Art.
Launched Sport Finance program.
Dual Card patent issued July 5.
Launched Walmart’s first PLCC.
Acquired JCPenney program.
Introduced first clear credit card.
Entered Powersports industry.
Began providing business credit for Sam’s Club, followed by revolving consumer and business credit programs in 1994.
CareCredit established at the request of dentists.
Established CarCareONE program.
Launched Lowe’s Credit Card.
Issued first plastic GE credit card.
Formed GE Capital Appliance Finance to finance sales for independent appliance and consumer electronics merchants.
General Electric Capital Corporation established as a broad-based financial services provider.
General Electric Contracts Corporation founded to help families finance appliance purchases.