Overstock.com MasterCard Review

8% back on Overstock.com purchases, plus a $20 start-up bonus

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If you're a regular Overstock.com shopper, you can earn huge rewards and get free shipping on almost every item with the Club O Rewards MasterCard, issued by First Bankcard, a division of First National Bank of Omaha.

Rewards and Perks of the Club O Rewards MasterCard

The Club O Rewards MasterCard pays up to 8% in Club O Rewards on very qualifying Overstock purchase, 2% on qualifying gas and grocery purchases, and 1% when you use your card on everything else, i.e. non-Overstock purchases).

There's no cap on the rewards you can earn on the credit card. Rewards can be used toward future Overstock.com purchases. 

Many rewards credit cards offer a bonus that requires you to spend a certain amount of money in the first few months of having the credit card. The Club O Rewards MasterCard makes it easy to earn your bonus. You'll automatically receive a $20 Club O Rewards bonus after you make your first purchase. No spending minimums required.

Cardmembers also get free Club O Membership (a $19.95 value) and free shipping for as long as your credit card is active.

Monitor Your FICO Score for Free

First National Bank of Omaha is one of few credit card issuers participating in FICO Open Access program which gives cardholders monthly access to a free FICO score. Get a free copy of your FICO 8 automatically with each credit card billing statement. Monitoring your FICO score through myFICO.com would cost $219/year if you paid for one year up front.

Club O Rewards Membership

Club O has two types of membership: Silver and Gold. With Gold membership, you receive 5% in Club O Rewards with each eligible purchase.  Enjoy free standard shipping within the continental U.S., access to exclusive shopping events, and 5% rewards when you dine at participating restaurants.

Silver membership pays 2% in Club O rewards on eligible purchases and free standard shipping on orders over $45 within the continental U.S (shipping is free with the Club O Rewards MasterCard).

Club O Rewards MasterCard Pricing

There's no annual fee on the Club O Rewards MasterCard. Qualifying applicants will enjoy 0% APR for 12 billing cycles on Overstock purchases over $500. After that, the regular APR is a variable 16.24% to 25.24% depending on your creditworthiness.

The balance transfer APR is 16.24% to 25.24% with no introductory offer. Balance transfers are charged a fee of $10 or 5%, whichever is greater.

The APR for cash advances is 25.49%. Cash advances and cash equivalent transactions are charged a fee of $15 or 5%, whichever is greater.

There is no penalty APR but that doesn't mean the card issuer won't raise your rate if you make a couple of late payments. In the credit card terms, the card issuer "reserves the right to unilaterally change the rates, fees, costs, and other terms at any time for any reason." Keep your credit card account in good standing for the best chances at keeping your current interest rate.

All APRs are variable using the Prime Rate as the Index.

Foreign transactions made in a currency other than U.S. dollars are charged a 3% fee.

You'll be charged up to $37 for late payments and up to $35 for returned payments.

Finance charges are calculated using the average daily balance method and include new purchases.


This may be the most generous credit card rewards program in retailing. The L.L. Bean Visa Card, one of the best cards on the market, pays a 3% reward on purchases at the retailer, plus free shipping, and 1% back everywhere else. The Target REDCard gives you a 5% discount on purchases at Target. However, the card is only accepted at Target stores.

Credit card terms and sign-up bonuses are subject to change from the time of this review. Refer to the application for current terms and conditions.