Citi Retail Services, Overstock launch co-branded Overstock Mastercard

SALT LAKE CITY — Online furnishings retailer Overstock and Citi Retail Services have launched a co-branded Overstock Mastercard.

The companies said that the card has no annual fee and can be used anywhere a Mastercard is accepted.

In addition, customers who are apply and are accepted for the card can earn rewards through Overstock’s Club O rewards program that include:

+ 5% back in rewards on Overstock.com

+ 3% back in rewards on apparel and department store purchases

+ 2% back in rewards on gas purchases

+ 1% back in rewards on all other qualifying purchases.

Card members also can receive special financing of up to 60 months on qualifying purchases along with complimentary membership to Overstock’s Club O rewards program. Other benefits of Club O membership include access to extra rewards, free returns, a price-match guarantee and double rewards for reviews, to name several.

“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.”

Jonathan Johnson, CEO of Overstock, said the partnership is another way the company is looking to improve the experience it provides as a “customer-focused online retailer.”

“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,” he said. “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.” 

Additional information about the card can be found here.