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CHICAGO — BP plc is teaming up with Synchrony Financial to provide new private-label and co-branded credit card programs for consumers nationwide.
The new BP credit card programs, which will launch in the second quarter, will be accepted for purchases at more than 7,000 BP gas stations, as well as other retail sites.
“We’re pleased to partner with an experienced team to bring our customers valuable rewards and the convenience of a dedicated line of credit to use for all of their fuel, service and convenience store purchases,” said Helen Fitzpatrick, marketing director of product and offer development for BP.
Synchrony Financial was formerly known as GE Capital Finance. According to the Stamford, Conn.-based company, it is the largest provider of private-label credit cards in the United States based on purchase volume and receivables.
“We look forward to working with BP and its network to provide drivers with credit and reward options that maximize their savings,” said Tom Quindlen, CEO of Retail Cards with Synchrony Financial. “We have deep experience in the oil and gas and retail industries. This transaction will grow Synchrony Financial’s presence in the segment, with a renowned provider of fuel products for over a century.”
British-based BP plc is a producer of oil and gas that employs more than 18,000 people in all 50 states.