Synchrony and Pawlicy partner for accessible pet insurance

Synchrony, premier consumer financial services company, and pet insurance marketplace Pawlicy Advisor are joining forces to help consumers better plan for expenses regarding their pet.

As part of the strategic partnership, Pawlicy Advisor will offer Synchrony’s CareCredit, a financing solution for veterinary care, in the Pawlicy Advisor pet insurance marketplace. The agreement makes CareCredit the first and primary financing solution available to over 300,000 consumers that use Pawlicy Advisor’s free online resources each month.

With the addition of CareCredit, pet owners who can either not get insurance, or are offered insurance with deductibles higher than they can afford, have access to an alternative, budget-friendly payment option for veterinary care.

CareCredit can also be used to cover out-of-pocket expenses that are not typically covered by pet insurance and can be used immediately, no waiting period required.

Consumers who visit and are looking for a flexible way to pay for their animal’s care can quickly see if they prequalify for the CareCredit credit card in real time (with no impact to their credit score) and apply online. A credit decision is immediate and if approved, they can use their account to pay their veterinarian immediately

Woody Mawhinney, Pawlicy Advisor CEO and co-founder, said, “As we looked to fill the gap for those pet parents who either didn’t qualify for pet insurance or those for whom the out-of-pocket costs are too high, CareCredit was our first call.”

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