Synchrony has expanded its partnership with Belk to offer customers more options and flexibility in how they make their purchases. The retailer added Synchrony SetPay monthly, a buy now, pay later financing option, in addition to the Belk+ Rewards suite of credit cards to further help shoppers buy what they want and need using monthly fixed payments. Founded in 1888, Belk is one of the largest regional department store chains with nearly 300 locations in 16 Southeastern states and a strong e-commerce presence through Belk.com.

The retailer has a legacy of selling great products at great prices, treating customers like family, and giving back to the community. The addition of a buy now, pay later option builds on Synchrony's 16-year partnership with Belk as the Belk+ Rewards credit card provider. The new SetPay offering has debuted in furniture and appliance departments of Belk as a monthly installment financing option that will give customers another way to make purchases.

To apply for SetPay financing at checkout, customers can scan a QR code in store to complete an application on their own device. If approved, customers select their preferred loan terms from the options provided, add a one-time use virtual card to their mobile wallet, and complete their purchase immediately.