Overstock.com Credit Card Review | Overstock Credit Card

Overstock Credit Card Review

overstock credit card Summary - The If you shop regularly at Overstock.com, then the Overstock.com credit card may be just the right card for you. Aside from allowing you to earn extra Club O reward points, your Club O membership fee is also waived. There are however, a couple of other cards that gives rebates and discounts at overstock.com and we will look at these alternatives. So fasten your seat belts, as we take the ride to explore this card.

Understand How Club O Rewards Work - Before we get into the details of the card, it pays to understand how the Club O rewards work. To join the Club O, you need to pay a $19.95 annual membership fee. For every dollar that you spend at overstock.com, Club O members earn 5 points for every dollar spent.

Earning Rewards With Club O and Overstock.com MasterCard - As a Club O member, you will earn 5% Club O rewards for eligible purchases. International orders, cellular telephone service plans and Club O Memberships do not earn 5% Club O points. Neither does transactions generated within the Cars, Auctions, Real Estate, Community, Vacations and any Tab other than the Shopping Tab. If you have the overstock.com credit card, you will earn an additional 3% Club O points (making the total of 8% as a Club O member). Furthermore, your annual Club O membership fee of $19.95 will be waived.

Fees - There is no annual fee* for this card.

Overstock.com Credit Card Alternatives

As we mentioned in the beginning of the review, there are a couple of cards that allow you to earn 3% rebates with overstock.com.

Chase Freedom - 3% cash back - The first card is the Chase Freedom. When you shop at overstock.com from their Ultimate Rewards portal with your Chase Freedom card, your purchases are tracked and you will earn 3 points for every dollar you spend. You can redeem points for cash rebates. If you are a Club O member, you will earn 5% Club O points.

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Citi Dividend World MasterCard - Citi also has an online shopping portal called Citi Bonus Cash Center. Overstock.com is one of their partners and you can earn 3% rebates when you shop through the portal.

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Overstock.com Credit Card Or Not

Verdict - Whether you decide to get this card or not depends on how much you spend and how often you shop at overstock.com. If you shop very often there, then it might make sense for you to join their Club O as a member. Some of the privileges of being a Club O member include getting even larger discounts or earning even more Club O points. If this description fits you and you are a Club O member, then it makes sense to get the overstock.com credit card. Why? Because firstly, you get your $19.95 Club O annual fee waived. Secondly, you get to earn 3% Club O points for every dollar that you spend at overstock.com using the card. This is on top of what you would earn as a Club O member.

However, if you are not a Club O member (most likely because you don't shop at overstock.com often enough), then it makes no sense getting this card. Instead, a card like the Chase Freedom or the Citi Dividend World MasterCard would allow you to earn 3% rebates (which is the equivalent of what the overstock.com card lets you earn) when you shop at overstock.com through their online portals.

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