Apple Pay Financing Now Available for Synchrony, with Reward Support Coming Soon

Apple Pay Financing Now Available for Synchrony, with Reward Support Coming Soon

Recently, it was revealed that Apple had included Synchrony among its authorized ‘Pay over time’ services, but this announcement was later rescinded. Nevertheless, Synchrony financing is officially launching for Apple Pay users today, with additional support anticipated soon.

Pay over time is now available with Synchrony, with updates to follow

In a press release issued today, Synchrony unveiled its new collaboration with Apple Pay. Notably, the pay later feature is currently accessible only to select cardholders.

Here are the specifics:

Cardholders of the eligible Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard can now opt to utilize the standard terms of their credit card or select a promotional offer that features fixed monthly payments… Promotional Offers are exclusively available to well-qualified cardholders.

Eligible users should soon notice the Pay Later option for Synchrony while making qualifying purchases through Apple Pay.

This option can be accessed within the Change Payment Method section on the Apple Pay checkout screen, allowing you to review the specific terms of the payment plan.

Furthermore, Synchrony announced two updates that will roll out later this year:

Synchrony intends to broaden the ability to utilize fixed monthly payments for eligible purchases across more Apple Pay users, covering the company’s range of co-branded cards.

Additionally, consumers will gain the ability to view and redeem rewards from eligible Synchrony-issued cards during online and in-app checkouts on iPhone and iPad with Apple Pay later this year, enhancing the flexibility and options available during the checkout process.

The ability to view and redeem rewards directly within the Apple Pay interface will be a highly welcomed addition upon its release.

Are you utilizing Apple Pay’s ‘pay later’ features? Are you pleased with the addition of Synchrony support? We’d love to hear your thoughts in the comments.

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