OUR HISTORY
Synchrony Timeline
Our name is new, but we trace our roots to 1932.
1932 through 1979
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1932%402x.png)
1932
General Electric Contracts Corporation founded to help families finance appliance purchases.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1943%402x.png)
1943
General Electric Capital Corporation established as a broad-based financial services provider.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1960%402x.png)
1960's
Formed GE Capital Appliance Finance to finance sales for independent appliance and consumer electronics merchants.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1970%402x.png)
1970's
Issued first plastic GE credit card.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1979%402x.png)
1979
Launched Lowe’s Credit Card.
1980 through 1999
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1981%402x.png)
1981
Established CarCareONE program.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1987%402x.png)
1987
CareCredit established at the request of dentists.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1993%402x.png)
1993
Began providing business credit for Sam’s Club, followed by revolving consumer and business credit programs in 1994.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1995%402x.png)
1995
Entered Powersports industry.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1998%402x.png)
1998
Introduced first clear credit card.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-1999%402x.png)
1999
Launched Walmart’s first PLCC.
Acquired JCPenney program.
2000 through 2009
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2002%402x.png)
2002
Acquired CareCredit.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2005%402x.png)
2005
Launched Sport Finance program.
Dual Card patent issued July 5.
eService launches.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2006%402x.png)
2006
Launched Luxury Finance Program for Jewelry and Art.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2007%402x.png)
2007
Acquired Chevron® and Texaco® branded consumer credit card program.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2009%402x.png)
2009
Mobile account management and Business Center launch.
2010 through 2015
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2012%402x.png)
2012
Agreement signed with Toys“R”Us.
First Major Purchase Study conducted to track 12 industries annually.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2013%402x.png)
2013
Acquired MetLife Retail Deposits business and introduced award-wining Optimizer+plus.
Opened Innovation Station to accelerate development of our mobile technology strategies.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2014%402x.png)
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.
![](https://cdn-static.findly.com/wp-content/uploads/sites/1291/2020/07/icon-2015%402x.png)
2015
Completed separation from GE and became fully independent company.
Added to S&P 500.