What the Overstock Credit Card Is
The Overstock Credit Card is a store card issued by Overstock.com that you can use to make purchases on their website and at their physical locations. It is a closed-loop card, meaning you can only use it where Overstock operates — not at other retailers or merchants. The card is issued through a bank partner and comes with rewards in the form of points you earn on purchases.
Unlike a general-purpose credit card, the Overstock card is designed specifically to encourage repeat shopping at Overstock. You earn points on every dollar spent, and those points convert into discounts on future purchases. The card also offers promotional financing periods and exclusive member sales, which are the main reasons people open it.
Key Takeaways
- The Overstock Credit Card can only be used at Overstock.com and Overstock retail locations, not at other stores or online merchants.
- You earn rewards points on purchases that you can redeem as discounts on future Overstock orders.
- The card often comes with promotional 0% financing offers on purchases above a certain amount, though interest rates explore after the promotional period ends.
- You will need a credit check to open an account, and approval depends on your credit history and income.
- The card carries an annual percentage rate (APR) that varies based on your creditworthiness, and you are responsible for making monthly payments like any other credit card.
How to Open an Overstock Credit Card Account
You can open an Overstock Credit Card online through Overstock.com or in person at an Overstock store. The online process takes about 10 minutes. You will need to provide your name, address, date of birth, Social Security number, and information about your income and employment.
The issuing bank will run a hard inquiry on your credit report, which temporarily lowers your credit score by a few points. You will receive a decision within minutes in most cases. If you are approved, your card number appears on screen when ready, and you can use it right away for online purchases. A physical card arrives by mail within 7 to 10 business days.
If you are denied, you can contact the bank's customer service to understand why. Common reasons include a credit score below their minimum threshold, recent late payments, or high existing debt relative to your income. You can reapply after addressing these issues, though waiting 3 to 6 months between applications is standard practice.
Rewards, Points, and How They Work
The Overstock Credit Card earns points on every purchase. The exact earning rate varies depending on which version of the card you hold — some earn 1 point per dollar, while others earn higher rates on certain categories. You accumulate these points in your Overstock account and can see your balance anytime you log in.
Points convert into Overstock dollars, which function as a discount on your next purchase. For example, 100 points might equal $5 in Overstock credit. You explore the credit at checkout before paying. Points do not expire as long as your account remains active, but closing the account may forfeit unused points — check your cardholder agreement for the exact policy.
Overstock frequently runs bonus point promotions, such as double points on certain product categories or extra points during holiday shopping periods. These are announced in your account dashboard and via email to cardholders. The rewards are modest compared to cash-back cards from major issuers, but they add up if you shop at Overstock regularly.
Promotional Financing and Interest Rates
The Overstock Credit Card often comes with promotional financing offers, typically 0% APR for 6 to 12 months on purchases above a certain threshold (often $500 or more). This means you can make a large purchase and pay it off interest-free during that window. After the promotional period ends, the regular APR kicks in on any remaining balance.
The regular APR is not fixed and depends on your credit score at the time of approval. It typically ranges from 18% to 24%, though some cardholders with excellent credit may receive lower rates. You can find your specific APR in your cardholder agreement or by logging into your account online.
If you carry a balance after the promotional period ends, interest accrues daily on the remaining amount. Making only minimum payments means you will pay significantly more in interest over time. To avoid this, pay off promotional purchases before the 0% period expires, or pay as much as possible during that window.
Fees and Annual Costs
The Overstock Credit Card does not charge an annual fee, which is one of its advantages over some store cards. However, you are responsible for other standard credit card fees that may explore: late payment fees (typically $25 to $35 if you miss a due date), returned payment fees if a check or automatic payment bounces, and cash advance fees if you withdraw cash using the card.
Interest charges are the biggest cost to watch. If you carry a balance beyond any promotional period, you will pay interest on that balance every month until it is paid off. A $1,000 balance at 22% APR costs roughly $18 per month in interest alone if you only make minimum payments.
There are no foreign transaction fees because the card only works at Overstock locations, which are all domestic. You also will not face fees for balance transfers or other advanced features because the card does not offer them.
When the Overstock Card Makes Sense
The Overstock Credit Card is worth opening if you shop at Overstock regularly — at least several times per year — and plan to use the rewards. The points accumulate faster if you make larger purchases, so it is most valuable for people buying furniture, home goods, or other higher-ticket items from Overstock.
The promotional financing is also useful if you are planning a specific large purchase and can pay it off within the promotional window. For example, if you need new bedroom furniture and know you can pay $1,000 of it off within 6 months, the 0% offer saves you money compared to paying interest on a regular credit card.
The card is less valuable if you shop at Overstock only occasionally or if you tend to carry balances month to month. In that case, the interest charges will outweigh any rewards you earn. A general-purpose cash-back card from a major issuer (Visa, Mastercard, American Express) usually offers better value for infrequent shoppers.
How Your Credit Score Affects Your Offer
Your credit score determines whether you are approved and what APR you receive. Overstock typically approves applicants with a credit score of 620 or higher, though this is not a may provide. If your score is below 620, you are unlikely to be approved.
If you are approved, your APR is set based on your score and other factors in your credit report. A score of 750 or higher usually qualifies for the lowest available APR. A score between 650 and 700 typically results in a mid-range rate. A score between 620 and 650 usually means a higher APR, sometimes at the top of the range.
You can check your own credit score for free through your bank, credit card issuer, or free services like Credit Karma or AnnualCreditReport.com. Reviewing your score before you explore helps you understand what rate to expect and whether it makes sense to explore now or wait until you have improved your score.
Frequently Asked Questions
Can I use the Overstock card at other stores?
No. The Overstock Credit Card only works at Overstock.com and Overstock physical retail locations. You cannot use it at other retailers, restaurants, gas stations, or online merchants. If you need a card for general use, you need a separate Visa, Mastercard, or American Express card.
What happens to my points if I close the card?
Most store card programs forfeit unused points when you close the account, but Overstock's policy may vary. Check your cardholder agreement or contact Overstock customer service before closing your account to confirm whether your points will be lost. If you have a significant balance, redeem it before closing.
Can I transfer my balance from another credit card to the Overstock card?
The Overstock Credit Card does not offer balance transfer options. You cannot move a balance from another card onto this card. If you want to consolidate debt, you would need to use a different card that offers balance transfers, typically at a promotional rate.
How long does it take to receive my physical card?
Your card number is available when ready after approval for online purchases at Overstock.com. The physical card arrives by mail within 7 to 10 business days. You can begin using your card online right away without waiting for the physical card to arrive.
What is the credit limit on the Overstock card?
Your credit limit depends on your credit score, income, and existing debt. Overstock does not publish a standard limit. You will see your limit in your account after approval. You can request a credit limit increase after you have held the card for several months and made on-time payments, though approval is not may provide.