Newegg Commerce, Inc. (NASDAQ: NEGG), a global online retailer for computer and technology products, has announced an enhancement to its Newegg Store Credit Card, issued by Synchrony, now offering cardholders the choice of a 4% discount on everyday purchases or existing special financing options.
Since its launch in 2015, the Newegg Store Credit Card has primarily provided special financing to assist customers with larger technology purchases. The addition of a 4% everyday savings benefit expands the program to further enhance the shopping experience for cardholders.
Li Chen, Director of Accounting at Newegg, stated, “This is a major step forward for our store card. For years, the financing it provided helped customers purchase the latest gaming and PC hardware. Now, with the addition of a 4% discount option, our customers can choose to save when paying in full and enjoy added benefits each time they shop at Newegg.”
The new offer provides cardholders with two distinct choices. They can elect to save 4% on everyday purchases made with their Newegg Store Credit Card. Alternatively, they can utilize special financing options, which include no interest if paid in full within 6 months on purchases of $199 or more, or within 12 months on purchases of $499 or more. Interest will be charged from the purchase date if the promotional balance is not paid in full within the specified period.
Gary Romaine, SVP, Cobrand and Digital Retail at Synchrony, commented, “Since its introduction, the Newegg Store Credit Card has helped customers get the tech they want while allowing them to pay over time with manageable monthly payments. We’re now introducing added flexibility by offering customers the option to choose between special financing or everyday savings on their purchases, giving them even more reasons to shop at Newegg.”
Additional benefits of the Newegg Store Credit Card include no annual fee, easy online account management, and convenient payment options. The 4% discount is subject to credit approval and specific conditions, such as not applying to gift cards or warranties, and it may not be stackable with all promo codes or combinable with financing. It is applied after all other applicable discounts at the point of sale, excluding taxes and shipping charges.
Newegg, founded in 2001 and based in Diamond Bar, California, offers over 6 million SKUs across categories including computers, PC components, consumer electronics, gaming, and office solutions. The company’s website and app provide shopping tools such as PC Builder, Gaming PC Finder, Network Builder, and an AI Shopping Assistant.
Andrew Choi, Director of Brand and Website Experience at Newegg, added, “We’re proud to offer an instant savings benefit to our cardholders. We listened to our customers, worked with our amazing colleagues at Synchrony Financial to make it happen, and are excited to enhance the value we deliver to our loyal customers.”
Customers interested in the card can check if they prequalify without impacting their credit score by visiting newegg.com/creditcard.
Synchrony, the issuer of the Newegg Store Credit Card, is a consumer financing company that provides credit and banking products to support financial lives for millions of people and businesses, including over 400,000 small and midsize businesses.
