Synchrony Financial announced that it has extended its partnership with the American Med Spa Association (AmSpa), a deal that will take effect on January 1 2026. Under the new terms, AmSpa members will receive preferred merchant transaction rates on CareCredit card payments of $200 or more, a benefit that applies to more than 4,000 members across the organization.
The partnership dates back to 2018, when Synchrony first began working with AmSpa to embed CareCredit financing into the medical‑spa ecosystem. By extending the agreement, Synchrony is reinforcing its health‑and‑wellness platform and deepening its embedded‑finance model, which has become a core component of the company’s strategy to partner with providers that offer non‑invasive aesthetic and wellness services.
The medical‑spa industry is a high‑growth segment, with a global market value of approximately $19.5 billion in 2024 and an annual growth projection of more than $1 billion. The expansion into this market positions CareCredit to capture a larger share of the financing demand that accompanies the industry’s rapid expansion.
By offering lower transaction fees to AmSpa members, Synchrony is likely to increase CareCredit usage and fee income while strengthening its relationship with a large network of aesthetic and wellness providers. “Through our partnership with AmSpa, we’re delivering access to CareCredit with reduced transactional fees,” said Jeff Miller, Senior Vice President and Specialty & Wellness General Manager at Synchrony. “This isn’t merely about financing; it’s about investing in the success of AmSpa members and rewarding their loyalty with tangible cost savings.”
The extension signals Synchrony’s continued focus on the health‑and‑wellness sector and underscores the company’s confidence in the long‑term growth of the medical‑spa market. The partnership is expected to drive additional transaction volume for CareCredit and reinforce Synchrony’s embedded‑finance strategy across the industry.
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