Full Review

Only one option left. There used to be two Overstock.com credit cards: this Overstock.com Store Card and the Overstock Mastercard. The Overstock Mastercard has been discontinued and only the store card is available right now. You only need fair credit to get approved for the store card, whereas the Mastercard used to require at least good credit. The Mastercard also figured to be far more rewarding on an ongoing basis, and unless you plannned to spend more than $400 on your first purchase, it wuld have been more rewarding up front, too. You can compare the two Overstock cards here.

Decent initial discount. This Overstock credit card gives you $30 Back in Rewards on your first Overstock.com order of $300 and above without financing. That’s not the biggest first-purchase bonus available from a store credit card, but it’s definitely not terrible, either. 

Special offers instead of regular rewards. The Overstock Mastercard gives you cash back on every purchase, but the store-only Overstock credit card offers nothing more than “Special Promotions Just for Card Members.” Little in the way of specifics is provided, unfortunately, so it’s best not to put too much stock into this part of the offer.

Dangerous financing. This Overstock credit card offers an introductory rate of 0% on new purchases for 6 - 60 months, depending on the cost of what you buy. Don’t use it. This offer includes a feature called deferred interest, which means the card’s high regular APR will retroactively apply to your entire original purchase amount – like the intro rate never existed – if you’re late with a monthly bill payment or you don’t repay your full balance by the end of the intro period. As a result, it’s best to use a 0% credit card that’s not affiliated with a particular retailer for any big-ticket purchases you may be planning. And since the Overstock Card has a regular APR well above the store-card average of 23.93% – you should always pay its monthly bill in full.

No annual fee. The Overstock Card’s lack of an annual fee is nice, saving you about $19.76 per year relative to the average credit card. But this particular feature won’t help you choose between your favorite retailers’ cards, as hardly any store credit cards have annual fees.