Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

RFS Holding, L.L.C. entered into an Underwriting Agreement, dated November 3, 2017 (the “Underwriting Agreement”), among SG Americas Securities, LLC (the “Underwriter”), RFS Holding, L.L.C. (the “Depositor”) and RFS Holding, Inc., relating to the Class C Asset Backed Notes, Series 2016-2 (the “Offered Notes”) issued by Synchrony Credit Card Master Note Trust (the “Issuer”) and described in the Prospectus dated November 3, 2017. Subject to the terms and conditions set forth in the Underwriting Agreement, the Depositor agreed to sell to the Underwriter, and the Underwriter has agreed to purchase, the principal amount of Offered Notes in the amount of $49,315,069. A copy of the Underwriting Agreement is filed with this Form 8-K as Exhibit 1.1.

In connection with the sale of the Offered Notes, the chief executive officer of the Depositor has made the certifications required by Paragraph I.B.1(a) of Form SF-3. Such certifications are being filed with this Form 8-K as Exhibit 36.1 in order to satisfy the requirements of Item 601(b)(36) of Regulation S-K.

The Registrant is also filing with this Form 8-K Exhibits 5.1 and 8.1 in connection with the sale of the Offered Notes.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.