According to company officials, cardholders enjoy the biggest benefits when using the card to complete purchases at Overstock.com. Automatic membership in the website's Club O Rewards program provides free shipping and a 5% rebate on Overstock.com purchases as Club O Rewards Dollars. Cardholders enjoy an additional 3% rebate, resulting in a total of eight cents in rebates on every dollar spent at the site.
Everyday purchases also earn 1% back in Club O Rewards Dollars, regardless of the merchant. With the Overstock.com credit card accepted anywhere merchants display the MasterCard logo, the opportunities to earn redeemable website rewards are significant. Cardholders get an additional $10 in Club O Rewards Dollars after their first transaction. An online application for the new MasterCard account is available at Overstock.com.
About the Author
Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.