For a number of years we have had a good relationship with Synchrony Bank as a payment option for our kayaks and other outdoor gear. For any number of reasons you may not want to use your "regular" credit card or pay cash for a larger purpose, and that's where Synchrony comes in for us. We have two standard arrangements through the bank that we offer: a 6-month deferred interest plan that let's you delay payments at no interest cost for several months; and a 36-month, no-money-down at a reasonable interest rate. There is no preset maximum or minimum purchase amount, so financing can be used for backpacks, rentals or more commonly, the kayaks we sell at our store.The "deferred interest plan" is sometimes called "same as cash", but there is some nominal monthly payment required during the 6-month period followed by a balloon payment. It's a great option as long as the full principal amount is paid before the 6 months is up; otherwise the interest is applied from Day One and it's applied at a high rate. The 36-month option incurs interest from Day One, but payments are evenly distributed over the 36 month period, and you can prepay the principal at any time without penalty. The current interest rate on that is a simple 9.99% - less than most credit cards but higher than some car loans, for example. This 9.99% rate has been in effect for several years, but of course could be different by the time of your application; we'll always let you know so there are no surprises.The application process is simple. If at our store, you fill out a half-page app and we enter your info online and get an answer in about 2 seconds. That speed would suggest the approval is based mostly on credit score and credit history that is quickly available from the credit reporting agencies, but they won't let us know the exact credit score cutoff or other criteria they use. Perhaps better for your planning, you can apply in private at your home at your convenience, and then know in advance what financing you have available to you before making a final purchase decision. To apply on your own, follow the link below - that will take you directly to the application page for the program that is approved at our business. It is important to be sure you are applying for their "SPORT" program; that is the only one we can accept at our store. You will also get an immediate response to your application.
Application for credit with Synchrony does not obligate you in any way to make a purchase, and if approved, use of your credit extension will not be limited to our store. There may be references to credit cards and higher interest rates during the application process; that will not apply to us as we control the special rate programs mentioned above by entering a special code at the time of the transaction with our store. You don't even need your card to be with you at time of sale; just your ID.
Note: Synchrony may change the steps on their web site around at any time; if the below link doesn't seem to take you to the correct application page, let us know as they may have changed something.
Click here to apply on our retail dealer page on Synchrony's web site . . .