HOUSTON, and STAMFORD, Conn., May 24, 2021 – Synchrony (NYSE: SYF), a premier consumer financial services company, and CITGO Petroleum Corporation, a U. S.-based refiner, transporter, and marketer of transportation fuels, lubricants, and petrochemicals, today announced a multi-year extension of their strategic partnership highlighting Synchrony’s commitment to offer CITGO customers with enhanced purchasing options and more benefits.
As part of the extension, Synchrony will continue to manage and service the CITGO Rewards Credit Card Program and expand the program to include the benefits of Synchrony Car Care™. In addition to receiving a newly designed CITGO-branded EMV chip-enabled card, as part of the Synchrony Car Care network CITGO Rewards cardholders will now have access to increased security, improved cardholder reward opportunities, available promotional financing, and the ability to make purchases anywhere across Synchrony’s vast network of over one million automotive merchants and partners in the United States.
“A big part of our overarching strategy is providing a comprehensive suite of consumer payment options, including mobile payments and an enhanced CITGO Rewards Card,” said Kevin Kinney, CITGO General Manager Brand Equity Development. “By extending our relationship with Synchrony, our CITGO Rewards cardholders will now have access to enhanced security features, the continued ability to save on every fill-up, and the added benefits from being part of the Synchrony Car Care program. As we continue working together, our cardholders can expect even more new and exciting features soon.”
CITGO Rewards Card account holders will continue to earn 10 cents in fuel statement credits on every gallon of CITGO gas purchased for the first three months from the date their account is opened, and five cents in fuel statement credits on every gallon of CITGO gas purchased after the first three months. In addition, the new cards will offer access to more than 500,000 ATMs across the United States through the PULSE® Network, and enable purchases at over one million locations nationwide in the Synchrony Car Care network. Cardholders will automatically qualify for deferred interest promotional financing for the first six months on purchases of non-fuel goods and services costing $199 or more.
“Our partnership with CITGO has continued to grow through a dynamic environment. We constantly strive to improve customer experience, build functionality, and collaborate with our partners to build brand loyalty,” said Curtis Howse, CEO, Payment Solutions, Synchrony. “This extended partnership with the availability of Synchrony Car Care for all CITGO Rewards credit card holders is yet another example of how we do this.”
Headquartered in Houston, Texas, CITGO Petroleum Corporation is a recognized leader in the refining industry with a well-known brand. CITGO operates three refineries located in Lake Charles, La.; Lemont, Ill.; and Corpus Christi, Texas, and wholly and/or jointly owns 42 terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,400 employees and a combined crude capacity of approximately 769,000 barrels-per-day (bpd), CITGO is ranked as the fifth largest, and one of the most complex independent refiners in the United States. CITGO transports and markets transportation fuels, lubricants, petrochemicals and other industrial products and supplies a network of approximately 4,500 locally owned and operated branded retail outlets, all located east of the Rocky Mountains. CITGO Petroleum Corporation is owned by CITGO Holding, Inc.
Synchrony (NYSE: SYF) is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health, and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans, and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.
Synchrony is changing what’s possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience, and customized financing solutions.