OUR HISTORY
Synchrony Timeline
Our name is new, but we trace our roots to 1932.
1932 through 1979
1932
General Electric Contracts Corporation founded to help families finance appliance purchases.
1943
General Electric Capital Corporation established as a broad-based financial services provider.
1960's
Formed GE Capital Appliance Finance to finance sales for independent appliance and consumer electronics merchants.
1970's
Issued first plastic GE credit card.
1979
Launched Lowe’s Credit Card.
1980 through 1999
1981
Established CarCareONE program.
1987
CareCredit established at the request of dentists.
1993
Began providing business credit for Sam’s Club, followed by revolving consumer and business credit programs in 1994.
1995
Entered Powersports industry.
1998
Introduced first clear credit card.
1999
Launched Walmart’s first PLCC.
Acquired JCPenney program.
2000 through 2009
2002
Acquired CareCredit.
2005
Launched Sport Finance program.
Dual Card patent issued July 5.
eService launches.
2006
Launched Luxury Finance Program for Jewelry and Art.
2007
Acquired Chevron® and Texaco® branded consumer credit card program.
2009
Mobile account management and Business Center launch.
2010 through 2015
2012
Agreement signed with Toys“R”Us.
First Major Purchase Study conducted to track 12 industries annually.
2013
Acquired MetLife Retail Deposits business and introduced award-wining Optimizer+plus.
Opened Innovation Station to accelerate development of our mobile technology strategies.
2014
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.
2015
Completed separation from GE and became fully independent company.
Added to S&P 500.