Synchrony's Home Design credit card program is one of the most widely used consumer financing options in the HVAC industry, offering homeowners revolving credit lines that can be used for equipment replacements, repairs, and indoor air quality add-ons. Contractors gain access to multiple promotional structures including 0% APR for 18 months, reduced-rate plans at 5.99-9.99% APR with extended terms, and standard long-term installment options up to 88 or 132 months.
For HVAC dealers specifically, Synchrony brings 25+ years of vertical experience, dedicated contractor support, and best-in-class underwriting. The 2024 ServiceTitan integration lets technicians show financing options, run applications, and get real-time decisions directly from the Mobile 2.0 app. Synchrony also integrates with Payzer and offers a preferred-contractor interface with onboarding, training, and co-marketing support.
The tradeoff is cost: Synchrony's promotional plans carry meaningful dealer fees (roughly 4% on standard plans up to 12%+ on 0% 18-month deferred interest), and customers face deferred-interest retroactive charges if they don't pay off the promo balance in time.