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The Overstock Store Credit Card — Is It Really Worth It?

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Christy Rodriguez
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Christy Rodriguez

Travel & Finance Content Contributor

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After having “non-rev” privileges with Southwest Airlines, Christy dove into the world of points and miles so she could continue traveling for free. Her other passion is personal finance, and is a cer...
Edited by: Keri Stooksbury
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Keri Stooksbury

Editor-in-Chief

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Countries Visited: 47U.S. States Visited: 28

With years of experience in corporate marketing and as the executive director of the American Chamber of Commerce in Qatar, Keri is now editor-in-chief at UP, overseeing daily content operations and r...

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The Overstock Store Credit Card is a good option for those people who frequently shop at Overstock.com and are looking to receive rewards for their spending. This card doesn’t have an annual fee, allows you to get free interest (for a set time period) on your spending, and comes with some cardholder rewards.

Card issuer Comenity Bank works with hundreds of well-known companies and it tailors the rewards programs and bonuses specifically for the customers of the retail partner — in this case, Overstock.com. The card is great for people in the good to excellent credit (580 to 850) range and you can get approved in as little as 60 seconds!

There are some major drawbacks to this card, though. Mainly, it isn’t very versatile, has a very high APR, and comes with the potential for high fees due to deferred interest. We’ll break down all the pros and cons of this card in order for you to decide if this is the right card for you.

Overstock Store Card at a Glance

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The Overstock Store card lets you enjoy exclusive cardmember offers and receive special financing while shopping on Overstock.com. The card can only be used on Overstock.com.

Bottom Line: Since this card is only valid at Overstock.com, you are unable to use this card at other retailers or to take out cash at an ATM.

You can also earn $30 in welcome rewards on your first order when you spend over $300 within the first 90 days of account opening (without taking part in the special financing promotion).

Overstock.com Introductory Offer January 2022
Image Credit: Overstock.com

You can also qualify for cardholder discounts, but there are no specific deals noted. There are no fees associated with opening an account or keeping an account open. As with all credit cards, you must make on-time payments to avoid interest and other fees. However, if you qualify for special financing offers, you are able to defer the interest payments for the associated time periods noted below.

The Overstock Store card does not have an expiration date and is valid as long as you use it. Comenity notes that “inactive accounts may eventually be canceled for security purposes.”

You can add authorized buyers to your account as well, so if you have family members that also shop at Overstock.com, this might be a convenient feature as well.

Bottom Line: Remember that as the primary cardmember, you are financially responsible for all balances on your account, including transactions made by your authorized buyers. 

Current Financing Offers

If you are planning on making a big purchase from Overstock.com, taking advantage of the special financing might be appealing to you.

The following plans were available as of February 2022 with minimum purchase thresholds:

  • No interest if paid in full within 6 months with a minimum purchase of $249
  • No interest if paid in full within 12 months with a minimum purchase of $499
  • No interest if paid in full within 18 months with a minimum purchase of $1,499
  • No interest if paid in full within 24 months with a minimum purchase of $1,999

Hot Tip: Financing offers are valid on single transaction totals only.

Remember that if you miss a monthly payment or don’t pay off your balance in the times noted above, you will be subject to deferred interest on the entire balance retroactively from the time you opened your account.

This means that you will be required to pay all of the interest you would have incurred during the plan. Comenity also notes that “interest will be accrued on the original purchase amount,” so even if you’ve made payments, you will still be stuck with paying interest on the full amount. Yikes.

So this seemingly “no interest financing” can quickly add up to big dollars if you don’t pay off the entire balance — especially considering the high APR that this card charges.

Overstock Store Card Application

Applying for the Overstock Store card is simple; just head over to the Overstock website.

Overstock Store Credit Card Application
Image Credit: Overstock.com

If you want to potentially avoid a hard credit inquiry, you can also try the “shopping cart trick.” This means that a credit card offer from Comenity Bank may pop up with an incentive to apply as you are online shopping.

Hot Tip: If the offer requires you to input your full Social Security number, it will likely result in a hard pull on your credit report. 

If you have a good (or better) credit score, it is relatively easy to qualify for this card, but you will still need to meet other minimum requirements.

You must:

  • Be at least 18 years old
  • Be a legal resident of the U.S.
  • Provide:
    • Your name
    • Address
  • Personal contact information
    • Date of birth
    • Social Security number
    • Proof of stable employment

How To Increase Your Credit Limit

Your initial credit limit is based on the creditworthiness you had when you applied for the card. If you want to increase your credit limit, head over to the Overstock Store card account center to request a credit limit increase (or decrease). You will need to enter your account information to see if you qualify.

You can also request a credit limit increase by calling Comenity Capital Bank’s customer care line at 855-810-2546.

Paying Off Your Card

There are multiple options you can use to make payments on your card. All payments must be received by 8 p.m. EST on your due date to avoid fees!

Online

You can log on to your Overstock Store card account online. There is not a mobile app, but you can access the website from a mobile device.

From here, you can access your monthly bills and enroll to receive paperless statements. You can log on to your online account in order to make payments via bank transfer or electronic payment. You can make online payments 24 hours a day, 7 days a week.

Unfortunately, you cannot make a payment with a debit card or from banks located outside of the U.S.

EasyPay

If you don’t want to log on to your account (or haven’t registered your account online), there is also the option to use Comenity’s EasyPay tool.

It will ask for a few pieces of identifying information, then provide just enough access to make a payment without giving access to any other information from your account.

Bottom Line: You can only make payments by using EasyPay, so you must create an online account or call customer service if you need to make other changes to your account.

By Phone

You can make payments and manage your account by calling 855-810-2546.

Benefits of the Card

If you are a regular shopper at Overstock.com, the Overstock store card can be a good way to earn some small rewards, take advantage of free financing, and improve your credit score.

Approval Odds/Quick Approval

If you have a good to excellent credit score (meaning 580 or higher), you will likely be approved for this card. Because conditional credit approval is automated on the website, you may get a decision on your application within 60 seconds!

In addition, you may also be able to bypass a hard credit inquiry and be pre-approved via the shopping cart trick noted above.

Up to 24 Months Free Financing

If you can pay off your entire balance within the time frame noted on your promotional offer and you are consistent with making timely payments, you can take advantage of free 0% financing!

Initial Discount Offers

This Overstock Store card gives you $30 back in rewards on your first Overstock.com order of $300 and above made within the first 90 days without financing. That’s not the biggest first-purchase bonus available from a store credit card, but it’s definitely not terrible, either.

No Annual Fee

Overstock offers a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don’t have to pay an annual fee for the privilege. The lack of an annual fee is nice, but to be fair, hardly any store credit cards have annual fees.

Reports to All Credit Bureaus

The Overstock Store card reports your account activity to the 3 major credit reporting agencies (Equifax, Experian, and TransUnion). This means that making regular on-time payments will demonstrate your financial responsibility and can help improve your credit score.

Drawbacks of the Card

This card has some big downsides, including a high potential for fees with little reward and limited use capabilities.

Can Only Use at Overstock.com

This one is pretty self-explanatory, but you can only use this card on Overstock.com. This means you can’t use it at any other retailers and are unable to use the card to take out cash at an ATM.

Deferred Interest Financing

The Overstock Store card offers an introductory rate of 0% on new purchases for 6 to 24 months, depending on the cost of what you buy. But because of deferred interest, if you don’t pay off your balance in full or you miss a monthly payment, the high APR will retroactively apply to your entire original purchase amount.

Limited Rewards

You receive a special birthday offer and exclusive access to cardholder events, such as early sale access.

Unlike many credit cards, you don’t earn rewards on every purchase when you use this card. In addition, beyond the initial sign-up bonus, there are no other rewards or cash-back incentives to earn.

How To Contact Overstock’s Customer Service

To contact Customer Service directly, call 855-810-2546. Customer care specialists are available Monday to Saturday from 8 a.m. to 9 p.m. EST.

If you prefer to contact by mail:

Comenity Capital Bank
P.O. Box 183003
Columbus, OH 43218-3003

Alternative Credit Cards (Our Recommendations)

There are several cash-back credit cards that would likely earn you more in value than the Overstock Store card. Here are 2 such cards that are worthy no-annual-fee alternative card choices:

Chase Freedom Unlimited®

UP TO $300 BACK
Chase Freedom Unlimited®
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!

Learn More(at Chase's secure site)
This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!
INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
Up to $300 cash back
$0
0% Intro APR for 15 months on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The Chase Freedom Unlimited® is easily one of the best cash-back credit cards on the market. There aren’t many no-annual-fee credit cards that offer multiple great bonus categories like 5% back on travel purchased through Chase, 3% back on dining and drugstore purchases, and 1.5% back on all other purchases.

When paired with other Chase cards in the Ultimate Rewards family, you can transfer that cash back into points if you wish – making it one of the most lucrative cards in your wallet.

Pros
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
  • 5% back on travel purchased through Chase Travel℠
  • 3% back on dining and drugstore purchases
Cons
    • 3% foreign transaction fee
  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
  • No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
  • Member FDIC
Financial Snapshot
  • APR: 0% Intro APR for 15 months on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
  • Foreign Transaction Fees: 3% of each transaction in U.S. dollars
Rewards Center

Chase Ultimate Rewards

One popular rewards card to consider is the Freedom Unlimited card that comes with a generous welcome bonus and no annual fee. Here are the additional reasons we like the card compared to the Overstock store card:

  • Can be used anywhere Visa is accepted
  • The card earns 1.5% cash-back on every purchase, including Overstock.com
  • You’ll earn bonus rewards on travel purchased via the Chase travel portal, at drugstores, and on dining purchases
  • Rewards can be redeemed for travel, gift cards, as a statement credit, or transferred to premium Chase cards for greater potential redemption value
  • Overstock.com also appears frequently as a featured retailer at Shop through Chase, where you may earn multiple points per dollar spent when starting your purchase at the Chase shopping portal.

Citi Double Cash® Card

Citi Double Cash® Card
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Great card for the average spender with no specific focus category; worry-free cash-back earning on everything!

Great card for the average spender with no specific focus category; worry-free cash-back earning on everything!
Earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
$200 cash back
$0
0% Intro APR for 18 months on balance transfers, then 19.24% - 29.24% Variable
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Fair to Excellent (580-850)

The Citi Double Cash® Card has long been one of the top cash-back credit cards on the market, and the card now has the ability to earn Citi ThankYou Points!

This means that cardholders of the Double Cash card will now earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Cash back is earned in the form of ThankYou Points. This means each billing cycle, you will earn 1 ThankYou point per $1 spent on purchases and an additional ThankYou point for every $1 paid on your purchase balance as long as there is a corresponding balance in your Purchase Tracker.

Citi has turned the Double Cash card into a top choice for those who are looking for an everyday, no-fuss credit card.

Pros
  • Uncapped 2% for every $1 spent (1% when you buy and another 1% when you pay)
  • Flexible redemption options
  • No annual fee
Cons
  • No bonus categories
  • 3% foreign transaction fees
  • Bonus Offer: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • 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 Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% – 29.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • Citi Double Cash® Card Travel Portal Limited Time Offer: Earn a total of 5 ThankYou Points per $1 spent on hotel, car rental, and attractions, excluding air travel, when booked through the Citi TravelSM portal on ThankYou.com or by calling 1-800-Thankyou and saying “Travel.” Offer is valid through 11:59 PM Eastern Time (ET) 12/31/2024.
Financial Snapshot
  • APR: 0% Intro APR for 18 months on balance transfers, then 19.24% - 29.24% Variable
  • Foreign Transaction Fees: 3% of the U.S. dollar amount of each purchase
Rewards Center

Citi ThankYou Rewards

The Double Cash card is a popular choice for simplified earnings and its ability to be used anywhere Mastercard is accepted. We like that the card earns 2% cash-back on every purchase (including Overstock.com). You’ll receive 1% cash-back when you make your purchase and an additional 1% cash-back when you pay for your purchase (earned as ThankYou Points).

The card also has an introductory 0% APR for balance transfers (with an additional transfer fee), for up to 18 months after card approval, then normal rates apply.

Hot Tip: Rakuten is an online shopping portal where you can earn cash-back for shopping at your favorite stores, including Overstock.com. You can even earn American Express Membership Rewards points in lieu of cash-back!

Final Thoughts

While you can only use this card at Overstock.com, if you’re a loyal shopper, you’ll find some small perks with this store card. The welcome rewards, no annual fee, and special financing make this card appealing if you’re planning on making a big purchase. It is also a good way to build credit since Comenity reports your credit history to all 3 credit bureaus.

However, if you might not be able to pay off your card by the end of the financing period or make timely payments, the Overstock Store card could add up to huge fees because of the deferred interest and high APR. That, coupled with the limited reward potential, means that you might be better served with another card.

The information regarding the Overstock Store Card was independently collected and not provided nor reviewed by the issuer. 

The information regarding the Citi Double Cash® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Frequently Asked Questions

Does Overstock have a credit card?

Yes, Overstock, in partnership with Comenity Capital Bank, has issued the Overstock Store card. You are only able to use this card for purchases on Overstock.com, but the card does provide a welcome offer and special financing options for up to 24 months.

What credit score do you need for the Overstock Store card?

The minimum score required is 580, however, the higher your credit, the more likely you will be approved for the card. In addition, you may be eligible for a higher credit limit if your credit limit is higher.

Where can I use my Overstock Store card?

You can only use your Overstock Store card for purchases at Overstock.com. This means you cannot get cash advances, take money out from an ATM, or use this card at other retailers.

How do I pay my Overstock Store card bill?

You can make payments and manage your account by signing in at comenity.net/overstock, using Comenity’s EasyPay tool, or by calling 855-810-2546.

Christy Rodriguez's image

About Christy Rodriguez

After having “non-rev” privileges with Southwest Airlines, Christy dove into the world of points and miles so she could continue traveling for free. Her other passion is personal finance, and is a certified CPA.

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