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Overstock.com is a multi-billion-dollar, technology-driven online retailer that offers a ton of bargains. Shopping on their site is fun because you can buy anything, even a room full of furniture, with free shipping as long as your order is $45 or more.

They also have their own credit cards, so avid overstock buyers with cards can enjoy more savings when shopping on the site. Let’s take a look at what to expect from an Overstock credit card and some alternative cards to consider.

If you have good credit, the Overstock credit card is for you

First, please note that there are two Overstock cards, the Overstock Store Credit Card and the Overstock Rewards MasterCard. Neither charge an annual fee.

The Overstock loyalty card is issued by Comenity Bank and requires only fair credit to be approved. Card benefits include:

  • 10% off your first purchase
  • Special Offers for Cardholders
  • Use your customer card immediately after approval
  • Special Deferred Interest Financing with 6, 12, 18 and 24 month options (minimum purchases of $249, $499, $1,499 and $1,999 apply).

The benefits of Comenity Bank’s Overstock card aren’t outstanding. All you need to do is sign up for the promotional email on their website to get a 15% discount code and receive additional special promotion alerts and offers. You don’t need a card to enjoy these benefits.

You can only use the Overstock Loyalty Card on Overstock.com, it does not earn any rewards.

Special Financing with Overstock Credit Card

Deferred interest financing, common with loyalty cards, helps spread the return on large purchases, but can have costly consequences if you delay payments or don’t settle your balance by the deadline. These actions trigger late fees and high interest charges retroactive to your purchase date, negating any benefits of financing and costing you dearly.

Earn more with Overstock MasterCard

The Overstock MasterCard is not issued by Comenity, but by First Bankcard, a division of First National Bank of Omaha. You need good credit to qualify for this card.

You’ll get all these exclusive Overstock MasterCard benefits:

  • $20 credit after first purchase
  • Up to 8% bonus on backlog purchases
  • 2% bonus at grocery stores and gas stations
  • 1% bonus on all other purchases
  • Get free Club O Rewards membership
  • Extra Club O Rewards offers up to 40% refunds
  • Free shipping
  • Free FICO Score Monitoring
  • Promotional Offer on 0% APR Financing
  • Special discount codes and exclusive offers and coupons for cardholders

The Club O Rewards Program is the foundation for earning rewards through the Overstock Rewards MasterCard. Membership is usually $19.95, but cardholders can sign up for an Overstock MasterCard for free.

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Club O Rewards Loyalty Program – Save up to 40%!

Club members earn a 5% bonus on every Overstock.com purchase. In addition to the 5% back, Overstock MasterCard holders can get an additional 3% back, for a total of 8% back. Rewards can be used for future purchases.

Use the card to get 2% back on gas station and grocery shopping, and 1% back on all other purchases. Club members also receive a 5% dining bonus, free shipping and returns, and exclusive invitations to shopping events.

Special club promotions can earn up to 40% backlog dollar bonuses.

Best of all, every purchase you make with your Overstock Rewards MasterCard will earn you rewards that can be used for future purchases on Overstock.com.

Alternatives to Overstock Credit Cards

Citi® Double Cash Card – 18 Months BT Offer is a great alternative to the Overstock Rewards MasterCard as it gives you 2% cash back on every purchase you make with the card.

Get 1% cash back on purchases and 1% cash back on balance payments. Cash back rewards are much more flexible than using rewards earned with the Overstock Rewards MasterCard to make additional purchases. The card also has no annual fee.

If you’re looking for more cash back card alternatives, read what our experts have to say.

Earn more with two cards

If you had to apply for an Overstock Rewards MasterCard because you spent a lot of money on Overstock.com, you can supplement your earnings with the Citi® Double Cash Card – 18 Month BT Offer Credit Card for less than 2% on Overstock MasterCard award.

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If you have bad credit or no credit

If you have a bad or no credit history, you can easily find reward-worthy secured cards like the Capital One Secured

Mastercard as an alternative to the Overstock Store credit card.

Such cards can help you build or rebuild your bankroll while earning rewards.

Backlog of credit card issues

What is the difference between the Overstock Loyalty Card and the Overstock MasterCard?

These cards are issued by two different financial institutions and offer very different services. The Overstock loyalty card is issued by Comenity and can only be used on Overstock.com. There won’t be any rewards or exclusive coupons available, but it does come with a one-time 15% discount code.

The Overstock Rewards MasterCard issued by First Bankcard can be used anywhere MasterCard is accepted and offers the opportunity to earn rewards, shopping perks, discount codes, earn FICO points and more.

How do I earn rewards on the Overstock credit card?

The Overstock credit card doesn’t give you any rewards, but you can join the Club O rewards program for $19.95.

The Overstock Rewards MasterCard includes free membership to the Club O Rewards program. Once you become a club member, you will start earning Overstock Rewards Dollars with every purchase you can use for future purchases.

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How do I apply for a backlog credit card?

To apply for an Overstock Credit Card or MasterCard, simply visit Overstock.com. Scroll to the bottom of the page and you’ll find individual links for each card. Select “Apply for Overstock Store Credit Card” or “Apply for Overstock Rewards MasterCard”.

Fill out the application and click Submit. If you do not receive confirmation right away, you can check the status of your application here.

What is the annual fee for the Overstock Card?

Neither the Overstock Store Credit Card nor the Overstock Rewards MasterCard have an annual fee.

Can I get the Overstock Loyalty Card and the Overstock Rewards MasterCard at the same time?

The short answer is yes. You can of course get both cards if your credit rating is high enough. However, there is little need for a store credit card, as the Overstock Rewards Mastercard offers far more benefits than a store credit card.

Should you get an Overstock store card?

While the benefits of an Overstock credit card aren’t all that compelling, there’s still a reason to apply if you’re planning to make a lot of purchases on Overstock.com.

When you shop $1,000 with your Overstock card, you’ll get a $100 rebate on your first purchase. If you pay the $19.95 fee to join the Club O Rewards program (which doesn’t come with this card), you’ll get an extra 5% back. That would be another $50 discount, more than enough to offset the cost of club membership.

You can also spread your returns by taking advantage of the special financing offers that come with the card.

However, getting a credit card is a serious decision and probably more than a single purchase decision. You may be wondering, “If I take care of this credit card, how will it help me in the future?” This is why you should consider an alternative credit card.

What about the backlog of Mastercards?

If you have very good credit and you shop a lot on Overstock.com, the Overstock Rewards MasterCard offers enough deals to buy it.

You can’t go wrong when you get up to 40% back on special purchase promotions. While the sign-up bonus is only $20, you’ll get an 8% backlog and up to 5% bonuses on other purchases.

Add in 0% APR, free shipping, no annual fee, FICO score monitoring, and the flexibility to use the card’s financing wherever MasterCard is accepted, and this card is sure to be a great asset for frequent Overstock.com buyers.

Get the best card for you

While you can certainly do better than a standard Overstock credit card, the Overstock Rewards MasterCard can be a great card for people who shop frequently at Overstock.com. It has solid perks, huge earning potential, and allows you to earn rewards for free.

It may be better to use a reliable cash back card like Citi Double Cash, as their rewards are more flexible. The final decision must be based on your personal spending habits and your card expectations.

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