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Overstock Credit Card: Is This Store Card Right For You?

icon-comments Comments is a billion dollar, tech-driven online retailer offering bargains galore. Shopping on their site is a lot of fun because you can buy anything, even a room full of furniture, and get free shipping as long as your order is $45 or more.

They also have their own credit cards, allowing avid Overstock shoppers who are also cardholders to reap even more benefits when shopping on the site. Let’s take a look at what you can expect from the Overstock credit cards and at some alternative cards to consider.

If You Have Fair Credit, the Overstock Credit Card Is for You

First, be aware that there are two Overstock cards, the Overstock store credit card and the Overstock Rewards MasterCard. Neither charges an annual fee.

Overstock Store Credit Card

INTRO APR on Purchases
INTRO apr on Balance Transfer
Regular APR
28.49% Variable±
Annual Fee
Bonuses & Rewards
  • 10% off your first purchase
  • Up to 24 months of interest-free financing
  • Special promotional offers
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The Overstock store card is issued by Comenity Bank and requires just a fair credit score to be approved. Benefits of the card include:

  • 10% off your first purchase
  • Special promos for cardholders
  • Use of your store card immediately after approval
  • Special deferred interest financing with 6-, 12-, 18- and 24-month options (a minimum purchase amount applies of $249, $499, $1,499 and $1,999 respectively)

There is nothing spectacular about the benefits of the Comenity Bank Overstock card. You can secure a 15 percent off discount code just by signing up for promotional emails on their website and receive additional special promotional alerts and deals. You don’t need a card for those perks.

You will only be able to use the Overstock store card on, and the card does not earn rewards.

Special Financing With the Overstock Credit Card

Deferred interest financing, which is common with store cards, can be helpful to spread out the repayment of a large purchase, but this type of financing can have expensive consequences if you make a late payment or fail to pay off the balance before the deadline. These actions trigger late fees and high interest charges that are applied retroactive to your purchase date, negating any benefit of the financing and costing you dearly.

Earn More With the Overstock MasterCard

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

Overstock Rewards Mastercard®

INTRO APR on Purchases
0% intro APR for the first 12 billing cycles from the transaction date
INTRO apr on Balance Transfer
Regular APR
17.49% to 26.49% Variable±
Annual Fee
Bonuses & Rewards
  • % 5% with the Club O Rewards Program + 3% when using your Club O Rewards Mastercard®
  • % 2% in Club O Rewards on gas and grocery purchases
  • % 1% in Club O Rewards on All Other Purchases
  • $20 in Club O Rewards after your first purchase
  • Free shipping
  • 3% foreign transaction fee
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You’ll receive all of these exclusive benefits of the Overstock MasterCard:

  • $20 statement credit after first purchase
  • Up to 8% rewards on Overstock purchases
  • 2% rewards at grocery stores and gas stations
  • 1% rewards on all other purchases
  • Free Club O Rewards membership
  • Extra Club O Rewards offers for up to 40% back
  • Free shipping
  • Free FICO score monitoring
  • Promotional 0% APR financing offers
  • Special discount codes and exclusive cardholder offers and coupons

The Club O Rewards program is the foundation for earning rewards with the Overstock Rewards MasterCard. Membership normally costs $19.95, but cardholders are enrolled for free with the Overstock MasterCard.

The Club O Rewards Loyalty Program – Get Up To 40% Off!

Club members receive 5 percent rewards on every purchase at In addition to the 5 percent, Overstock MasterCard holders receive an additional 3 percent back, for a total of 8 percent back. Rewards can be used for future purchases.

Gas station and grocery store purchases on the card earn 2 percent rewards, and all other purchases earn 1 percent. Club members also receive 5 percent dining rewards, free shipping and returns, and exclusive shopping event invitations.

Special Club promos can result in rewards of up to 40 percent back in Overstock dollars.

The bottom line is that every purchase made on your Overstock Rewards MasterCard earns rewards that can be used for future purchases.

An Alternative to the Overstock Credit Card

The Citi Double Cash credit card would make a good choice as an alternative to the Overstock Rewards MasterCard as you will earn 2 percent cash back on every purchase you make on the card.

Citi® Double Cash Card – 18 month BT offer

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How to apply
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INTRO APR on Purchases
INTRO apr on Balance Transfer
0% 18 months on Balance Transfers
Regular APR
15.49% – 25.49% (Variable)
Annual Fee
Rewards Program
Citi® Double Cash Reward Program
Bonuses & Rewards
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.49% – 25.49% based on your creditworthiness.
  • Balance Transfers do not earn cash back
  • 3% foreign transaction fee
  • + Click “Apply Now” to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
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You’ll get 1% cash back when you make a purchase and 1% when you pay your balance. Cashback rewards are much more flexible than having to use rewards for additional purchases, like you would with the rewards earned on the Overstock Rewards MasterCard.

In addition, you’ll receive a $100 cashback sign-up bonus with the Citi Double Cash credit card after you spend $500 in the first three months after card approval. The card also does not charge an annual fee.

If you’re looking for more cashback card alternatives, check out what our experts are saying.

Earn More With Two Cards

If you do feel compelled to apply for the Overstock Rewards MasterCard because you spend a lot on, you could super-charge your earnings by supplementing it with the Citi Double Cash credit card for those purchases that receive less than 2 percent rewards on the Overstock MasterCard.

If You Have Bad or No Credit

If your credit history is poor or you have no credit history, you can easily find a secured card that earns rewards such as the Capital One Secured Mastercard as an alternative to the Overstock Store Credit Card.

Capital One® Secured Mastercard®

INTRO APR on Purchases
INTRO apr on Balance Transfer
Regular APR
26.99% (Variable)
Annual Fee
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It's a credit card accepted at millions of locations worldwide
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Such a card can help you build or rebuild your credit and allow you to earn rewards at the same time.

Questions About the Overstock Credit Cards

What is the difference between the Overstock store card and the Overstock MasterCard?

The cards are issued by two different financial institutions and vary significantly in their offerings. The Overstock store card is issued by Comenity and can only be used on It does not earn rewards or offer exclusive coupons, but it comes with a one-time 15 percent off discount code.

The Overstock Rewards MasterCard, issued by First Bankcard, can be used anywhere MasterCard is accepted and it comes with rewards earning capability, shopping perks, discount codes, FICO score access and more.

How do I earn rewards on the Overstock credit card?

The Overstock credit card does not earn rewards, but you can join the Club O Rewards Program for $19.95.

The Overstock Rewards MasterCard comes with free membership in the Club O Rewards program. Once you’re a member of the Club, you will start to earn Overstock rewards dollars on every purchase that can be used toward future purchases.

How do I apply for the Overstock credit card?

To apply for the Overstock credit card or the Overstock MasterCard, simply go to Scroll to the bottom of the page and you will find a separate link for each card. Select either “Apply for the Overstock Store Credit Card” or Apply for the Overstock Rewards MasterCard”.

Complete the application and hit “submit.” If you do not receive an immediate approval, you can view your application status here.

How much is the annual fee on the Overstock card?

Neither the Overstock Store credit card nor the Overstock Rewards MasterCard charges an annual fee.

Can I get both the Overstock store card and the Overstock Rewards MasterCard?

The short answer is yes. If your credit history is strong enough, you could certainly get both cards. However, there is little need to get the store credit card as the Overstock Rewards MasterCard comes with far superior benefits than the store credit card.

Should You Get the Overstock Store Card?

While the benefits of the Overstock credit card are not that compelling, there may still be a reason to apply if you’re planning a large purchase on

If you make a purchase with the Overstock card for $1,000, you would receive a $100 first-purchase discount. If you pay the $19.95 fee to join the Club O Rewards program (which does not come with this card), you’d get an additional 5 percent back. That would be another $50 off, which more than offsets the cost of the Club membership.

You could also utilize a special financing offer that comes with the card to spread out the repayment.

However, getting any credit card is a serious decision that may be more than just a single purchase decision. You might ask yourself: “How can this credit card help me in the future if I manage it well?” For this reason, you may want to consider alternative credit cards.

What About the Overstock MasterCard?

If your credit history is good to excellent and you shop a lot at, the Overstock Rewards MasterCard delivers enough benefits to consider getting it.

You can’t go wrong getting up to 40 percent back in rewards when special purchase promos are offered. And while the sign-up bonus is weak at $20, you’re earning 8 percent back on Overstock purchases and up to 5 percent rewards on other purchases.

Add in 0% APR financing, free shipping, no annual fee, FICO score monitoring and the flexibility to use the card anywhere MasterCard is accepted, then there is certainly value in the card for frequent shoppers.

Get the Best Card for You

While you can certainly do better than the standard Overstock credit card, the Overstock Rewards MasterCard could be a great card for a frequent shopper. It has solid benefits, great earning potential and allows you to earn rewards for free.

You may still be better off with a solid cashback card, like the Citi Double Cash, because its rewards are a lot more flexible. The final decision needs to be based on your personal spending habits and what you want out of a card.

Editorial Disclosure: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

UGC Disclosure: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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