CareCredit Remains Exclusive Financing Solution for AmSpa Members as Synchrony and the American Med Spa Association Extend Partnership
Rhea-AI Summary
Synchrony (NYSE: SYF) and the American Med Spa Association extended their partnership, expanding CareCredit benefits for AmSpa members.
Key terms: preferred tiered merchant rates for AmSpa Basic and Plus members begin January 1, 2026, with savings applying to enrolled transactions of $200 or more. The program covers AmSpa's 4,000+ members and leverages CareCredit's broader network of 24,000+ cosmetic and dermatology locations. The release cites the med spa industry value at $17 billion (2024) with projected annual growth of $1 billion.
Positive
- Preferred merchant rates effective Jan 1, 2026
- Savings apply to enrolled transactions of $200+
- Provides access to 4,000+ AmSpa members
- Leverages CareCredit network of 24,000+ locations
- Targets a med spa market valued at $17B in 2024
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SYF declined 0.19%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves: SOFI up 3.26%, COF modestly positive at 0.52%, while ALLY and PYPL declined. This points to stock-specific factors rather than a unified Credit Services sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | HVAC financing renewal | Positive | +1.6% | Multi-year renewal of Mitsubishi Electric Trane residential financing relationship. |
| Dec 02 | Conference participation | Positive | +1.1% | CEO and CFO fireside chat at Goldman Sachs Financial Services Conference. |
| Nov 20 | New card launch | Positive | -0.4% | New co-branded credit card program with The Toro Company for equipment financing. |
| Nov 05 | Fintech conference | Positive | +1.5% | CFO appearance at KBW Fintech Payments Conference with webcast access. |
| Oct 23 | Dividend declaration | Positive | +2.2% | Announcement of <b>$0.30</b> per share quarterly common stock dividend. |
Recent news, mainly positive operational updates and capital returns, has more often aligned with modest positive price reactions, with only one divergence on similar upbeat headlines.
Over the last few months, Synchrony has reported several supportive developments. Partnership renewals and launches in HVAC financing and lawn equipment credit cards, plus conference appearances by senior leadership, highlight ongoing business development and investor outreach. A quarterly dividend of $0.30 per common share underscored capital return. These events generally saw positive 24-hour price reactions, suggesting the market has often responded constructively to operational and shareholder-focused updates, providing context for another CareCredit partnership extension.
Market Pulse Summary
This announcement extends Synchrony’s CareCredit role as the exclusive financing solution for AmSpa’s 4,000+ members, adding preferred merchant rates from January 1, 2026. It targets a Med Spa industry valued at over $17 billion in 2024 and projected to grow by more than $1 billion annually, with patients spending an average of $527 per visit. Investors may watch how adoption among AmSpa members, transaction volumes above $200, and future CareCredit partnerships evolve.
AI-generated analysis. Not financial advice.
Renewed collaboration reinforces both organizations' commitment to driving industry growth and offering preferred transaction rates
Key Highlights:
- Synchrony and AmSpa have extended their successful partnership, building on the collaboration that began in 2018.
- Effective January 1, AmSpa members offering CareCredit will gain access to special tiered merchant rates.
New merchant transaction rates for AmSpa Basic and Plus members begin January 1, 2026. For transactions of
"The rapid expansion of the medical spa industry demands financial support that empowers growth, particularly for small and midsized businesses," said Jeff Miller, Senior Vice President and Specialty & Wellness General Manager, Synchrony. "Through our partnership with AmSpa, we're delivering just that: access to CareCredit with reduced transactional fees. This isn't merely about financing; it's about investing in the success of AmSpa members and rewarding their loyalty with tangible cost savings."
The American Med Spa Association's most recent State of the Industry Report showed the Med Spa industry was valued at more than
"As the leading advocate for the medical spa industry, AmSpa is committed to delivering meaningful advantages that drive our members' success," said Adam Reinebach, CEO of the American Med Spa Association. "Our partnership with Synchrony is a key part of that effort, giving practices real financial power to reinvest, enhance patient care, and fuel long-term growth."
CareCredit enables cardholders to pay care costs over time, with convenient financing options. Affiliated AmSpa providers and member organizations find value in CareCredit's seamless integration into practice management systems, streamlining application and payment processes. With 24,000+ cosmetic and dermatology locations within the broader network of providers, CareCredit can be used at a wide variety of health and wellness providers.
Synchrony provides the resources and tools to help educate patients on costs and the financial solutions they can use to plan and pay for care. To learn more about CareCredit and the company's Fair Financing Principles, please visit: www.carecredit.com. To learn more about the American Med Spa Association, visit their website for more information at https://americanmedspa.org.
About the American Med Spa Association (AmSpa)
The American Med Spa Association (AmSpa) provides business, legal, and clinical training and resources to medical spas and aesthetic practices throughout the country. AmSpa's events—including Medical Spa & Aesthetic Boot Camps, Academy for Injection Anatomy trainings and Medical Spa Show—provide business and legal best-practices to anyone entering the medical spa space or looking to improve their existing practice. AmSpa Members receive access to legal summaries of laws governing medical spas in their state, discounts, a robust and growing webinar library, and many other benefits. For more information visit www.americanmedspa.org, call 312-981-0993, or email info@americanmedspa.org.
About Synchrony
Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.
Contact:
Jeanette Lewis
Synchrony
jeanette.lewis@syf.com
Karen Spinelli
AmSpa Marketing Director
Karen@americanmedspa.org
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SOURCE Synchrony Financial
FAQ
What did Synchrony (SYF) and AmSpa announce on December 17, 2025?
Which AmSpa members qualify for the new CareCredit merchant rates?
From what transaction amount do AmSpa members save with CareCredit merchant rates?
How many AmSpa members and CareCredit provider locations are cited in the announcement?
How does the announcement reference med spa market size relevant to SYF?
