James (Jamie) started The Forward Cabin blog to educate readers about points, miles, and loyalty programs. He’s spoken at Princeton University and The New York Times Travel Show and has been quoted in...
We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.
Citi and Overstock.com have teamed up together to launch the Overstock Mastercard®, which will reward you for the purchases you make every day and also on Overstock. While this credit card will only be really useful in a few instances, it does come with some interesting benefits that may be useful for frequent Overstock shoppers.
What Is Overstock?
Overstock is a leading website that specializes in selling furnishings and home goods. Originally designed as a mechanism for retailers to sell extra goods (hence the name Overstock), the online giant has refocused in recent years on providing name-brand goods for homes at a deep discount.
Overstock Card Benefits
The new Overstock card can be used anywhere Mastercard is accepted and is different than the Overstock Store Credit Card, which can only be used for Overstock.com purchases.
The Overstock card comes with several key benefits:
Financing
While you should do your best to avoid carrying a balance on a credit card, the new Overstock card provides specialized financing offers for those who want to spread out the repayment of select purchases. For purchases made at Overstock.com, Overstock card cardholders will receive the following financing offers:
- 6 months of 0% APR on orders $199 or more
- 12 months of 0% APR on orders $499 or more
- 18 months of 0% APR on orders $1,499 or more
- 24 months of 0% APR on orders $1,999 or more
- 36 months of 9.99% APR on orders $1,299 or more
- 48 months of 9.99% APR on orders $1,699 or more
- 60 months of 9.99% APR on orders $1,999 or more
You’ll receive these preferred interest rates as long as you pay your balance in full prior to the promotion expiration. If you’re unable to complete full payment in time, you’ll be charged the prevailing interest rate.
Hot Tip: For those who want 0% APR on purchases made outside of Overstock, check out our list of the best 0% APR cards.
Rewards
If you’re a heavy shopper on Overstock.com, you’re in luck since the rewards will primarily benefit you.
The Overstock card earns rewards at the following rate:
- 5% back in Club O rewards on Overstock purchases
- 3% back in Club O rewards on apparel & department store purchases
- 2% back in Club O rewards on gasoline purchases
- 1% back in Club O rewards on all other purchases
The rewards you earn can only be used towards items at Overstock.com.
Hot Tip: If you want more flexibility in how you earn your rewards, you’ll be better off with a cash-back credit card or travel rewards credit card.
Club O Membership
The Overstock card has no annual fee and comes with a free Club O membership, valued at $19.95 per year. Club O perks include the ability to return items to Overstock for free, a price match guarantee, and double points when leaving a review.
Final Thoughts
This new credit card will primarily benefit those who like to shop at Overstock, but if you’re a heavy shopper there you may certainly find some value here. Be sure to evaluate if this card makes sense for you, or choose another card that earns a different type of reward or cash-back.
The information regarding the Overstock Mastercard® was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
Featured Image Credit: Piotr Swat via Shutterstock
Was this page helpful?
About James Larounis
James (Jamie) started The Forward Cabin blog to educate readers about points, miles, and loyalty programs. He’s spoken at Princeton University and The New York Times Travel Show and has been quoted in dozens of travel publications.
INSIDERS ONLY: UP PULSE™
Get the latest travel tips, crucial news, flight & hotel deal alerts...
Plus — expert strategies to maximize your points & miles by joining our (free) newsletter.
We respect your privacy. Please view our privacy policy here.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.
UP's Bonus Valuation
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.
0 comments
Any thoughts or questions? Comment below!
Email needed if you'd like comment updates. It will NOT be published.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.