Synchrony Expands CareCredit to 40 Pet Resorts, Taps $10–13B Market
SYF•Synchrony's CareCredit gained acceptance at 40 Pet Resort Hospitality Group locations across 12 states, tapping into a $10–13 billion pet services market and funding Pet Resort University training for pet care professionals. The credit card issuer has reduced loan losses and returned billions to shareholders, strengthening margins and cash flow.
1. CareCredit Partnership with PRHG
Synchrony established CareCredit as the preferred financing solution across 40 Pet Resort Hospitality Group locations in 12 states, enabling pet owners to finance boarding, grooming, daycare and specialized training programs. The collaboration also funds Pet Resort University, aimed at training pet care professionals and enhancing service quality.
2. Pet Services Market and PRHG Metrics
The pet grooming, daycare and lodging market is projected to reach $10–$13 billion, and PRHG served 71,000 pets of 59,000 pet parents in 2025, facilitating 95,000 boarding stays and over 5.1 million hours of daycare across its network. This partnership positions Synchrony to capture a larger share of consumer spending on non-medical pet services.
3. Synchrony’s Financial Performance
As one of the largest private-label credit card issuers in the U.S., Synchrony continues to improve its credit portfolio by reducing loan losses and has returned billions of dollars to shareholders. These actions are underpinning stronger cash flow, higher margins and sustained shareholder value.
