COST OF CREDIT CALCULATOR

Follow the steps below to calculate the cost of financing and how to fit the price of financing into your business and pricing for products and services.

  1. Enter current sales mix and cost to business.

  2. Enter new estimated sales mix and cost to business, including Synchrony promotional options.

  3. Enter Synchrony merchant fee, if known. If you don’t know your Synchrony merchant fee, use 7.00%.*

Field inputs must be entered as percent values without the percent sign.

Current Business Sales Mix

Step1

Payment Method*
%

 

%

 

%

 

 

 
Cost to Business
%

 

%

 

%

 

Current Cost of Credit

0.00%

New Estimated Sales Mix Including Synchrony

Step2

Payment Method*
%

 

%

 

%

 

 

Cost to Business
%

 

%

 

%

 

Step3

Select Synchrony “Cost to Business” Percentage To Calculate

New Blended Cost of Credit

0.00%

Incremental Blended Cost of Credit

0.00%

Create your own customized cost of credit strategy

This tool is for illustrative purposes only and is to be used to provide a general estimate of the cost you may incur by using Synchrony financing, and to allow you to incorporate such cost into your general business practice.

*Assumes no discount is offered for cash payment - dealer/contractor offers a fixed price for all payment methods. Cost should be incorporated into contractors’ General & Administrative expenses and any additional credit related surcharges or fees charged by Seller are prohibited by the Synchrony merchant contract.

**Such as Visa, Mastercard, American Express, etc.

***Estimate assumes Synchrony financing will replace costs incurred through other lending sources.