Chevron Syncs Up With Synchrony Financial
Introduces enhanced credit-card loyalty programs
SAN RAMON, Calif. & STAMFORD, Conn. -- Chevron U.S.A. Inc. and Synchrony Financial have announced the new Techron Advantage Fuel Credits Program for consumers. Beginning July 1, both new and existing personal private-label and dual-branded Visa cardholders can earn additional Fuel Credits on their fuel purchases at nearly 8,000 Chevron- and Texaco-branded gas stations nationwide.
The new Fuel Credits program is part of a multi-year extension signed between Chevron U.S.A. and Synchrony Financial for Chevron’s personal credit-card program.
With both the personal Techron Advantage Credit Card and Visa card, cardholders can earn three cents per gallon in Fuel Credits at every fillup, every time at participating Chevron and Texaco gas stations. In addition to the three cents per gallon Fuel Credits, Techron Advantage Visa cardholders can earn 10 cents per gallon in Fuel Credits when they purchase $300 or more outside of fuel merchants each month, or 20 cents per gallon in Fuel Credits when they purchase $1,000 or more outside of fuel merchants each month.
Each new cardholder who opens an account between July 1 and September 30 can also earn a promotional offer of 30 cents per gallon in Fuel Credits for the first 60 days from the account open date.
In addition to offering more savings on fuel purchases, all Techron Advantage credit cards feature exclusive cardholder savings throughout the year, zero fraud liability and the convenience of mobile and online account management. Issued by Synchrony Bank, each new Techron Advantage Visa Card also includes chip-enabled technology for improved fraud security.
“Customer and cardholder input has been important in developing programs that offer the greater savings and benefits they want most,” said Tom Quindlen, executive vice president and CEO for retail cards at Synchrony Financial. “In partnering with Chevron, our focus has been on enhancing value for cardholders, which also helps build continued loyalty.”
The new Techron Advantage name highlights the enhanced card benefits and the continued advantage of the cleaning power of Techron. Techron is Chevron’s fuel additive designed to protect engines from harmful deposit buildup that can interfere with performance.
Synchrony Financial has worked with Chevron on consumer credit-card programs since 2007.
“We continue to look for competitive and rewarding programs that serve the needs of our customers and retail stations," said Glenn Johnson, general manager of Americas marketing sales and services at Chevron.
Stamford, Conn.-based Synchrony Financial, formerly GE Capital Retail Finance, is a leading consumer financial services company. It is the largest providers of private-label credit cards in the United States based on purchase volume and receivables, it said. It provides a range of credit products through programs established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. Offerings include private-label and co-branded dual-card credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank.
San Ramon, Calif.-based Chevron is one of the world’s leading integrated energy companies. It explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops energy resources, including biofuels.