Citi Launches New Overstock Mastercard

Advertiser Disclosure

Citi Retail Services and have launched a new co-branded credit card: the Overstock™ Mastercard®. The new retail credit card provides special financing on select Overstock purchases, complimentary Club O membership, and up to 5% back in points – all for no annual fee. and Citi Launch Co-Branded Credit Card is a leading online retailer of home furnishings. The popular shopping site already offers a co-branded store card with Comenity. But now, Overstock is taking the next step, launching a new retail credit card with Citi Retail Services and Mastercard.

About the Overstock Mastercard

The new Overstock™ Mastercard® earns up to 5% back in Club O rewards points, the currency of’s loyalty program. Cardholders earn accelerated rewards in key categories, with the following breakdown:

  • 5% back in Club O rewards on
  • 3% back in Club O rewards on apparel and department store purchases
  • 2% back in Club O rewards on gas purchases
  • 1% back in Club O rewards on all other qualifying purchases

Overstock’s Club O Rewards Program provides plenty of perks for members. Still, it comes with a $19.95 annual fee, making it an unnecessary addition for anyone except the die-hard Overstock fan. Fortunately, the Club O perks with the Overstock Mastercard continue with a complimentary Club O membership, making card membership your best bet if you love shopping at Overstock but can’t fathom paying a membership fee to join.

Here’s what you can expect from Club O Rewards:

You will earn 5 points (5%) for every $1 on every Overstock purchase. Get free returns for in-store credit on all eligible products. Club O members earn double rewards for writing reviews up to 4,000 points ($40 value). Access to prioritized Customer Care phone support, so you can get the help you need when you need it.
We'll match select competitor's prices on the same product. Refer a friend and you both receive 1,000 points ($10) when they sign-up! Earn up to 40% in extra rewards on purchases from the Extra Rewards Store

Special Financing

The new co-branded Mastercard also provides special 0% APR financing of up to 60 months on qualifying purchases at Overstock:

  • 6 months of 0% financing on orders $199 or more
  • 12 months of 0% financing on orders $499 or more
  • 18 months of 0% financing on orders $1,499 or more
  • 24 months of 0% financing on orders $1,999 or more

There are also financing options for long-term financing (up to 60 months) at a fixed 9.99% APR. These two financing options provide plenty of leeway for cardholders planning a significant home remodel but don’t want to sink into financial difficulties with rising interest rates.

Other noteworthy features of the Overstock Mastercard credit card from Citi include no annual fee, EMV chip and contactless payment compatibility, and Mastercard Platinum features and protections.

“Exciting New Benefits That Will Encourage Even Greater Loyalty”

“As a customer-focused online retailer, we’re always exploring new ways to better provide smart value,” said Jonathan Johnson, CEO of Overstock, in a press release. “This partnership with Citi Retail Services advances our vision of ‘Making Dream Homes Come True’ by delivering extra savings through special finance offerings, Club O rewards on all purchases, and an easy and enjoyable shopping experience. This credit card rewards Club O members – our most loyal customers – with exciting new benefits that we expect will encourage even greater loyalty to Overstock.”

“Our new partnership with Overstock and Mastercard reinforces our strategy to continue to add digital-first retailers to our Citi Retail Services portfolio,” said Kartik Mani, Head of Citi Retail Services. “With this partnership, we can provide exciting rewards for digitally savvy and active Overstock customers who are looking to be rewarded for their loyalty. We’re thrilled to be able to maximize the value of their purchases, while offering a seamless checkout and rewards experience.”

“Mastercard is proud to partner with Citi Retail Services and Overstock to provide consumers a payment product that delivers on their everyday shopping needs with innovative technology and security,” said Linda Kirkpatrick, President of North America at Mastercard. “With the Overstock Mastercard, we are excited to fuel cardholders’ passion for home décor and add value to every transaction with Mastercard benefits and services.”

Related Article: Ultimate Guide to Credit Card Merchant Offers

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About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

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