The Overstock.com Club O Rewards MasterCard is an instant approval credit card with wide acceptance and a nice rewards program. If you not only want instant approval but also want to use your card immediately, you’ll like this message from the Overstock credit card promotional page: “Apply. Be Approved. Use your card in as little as 60 seconds. ”
If you apply and are approved, you can use the card today and immediately qualify for a $40 statement credit after your first use of the card. (A statement credit means $40 will be subtracted from any balance on your card, so you can think of it as $40 off your first purchase.)
In addition to the short-term perks, the Overstock credit card has a nice rewards program. It pays you a percentage of your purchases in Club O money that you can use toward future Overstock purchases. Specifically, the card offers you:
- 3% in rewards on Overstock.com purchases
- 2% in rewards on gas and grocery purchases
- 1% in rewards on all other card purchases
In terms of the card’s interest rate, your rate will depend on your credit history. If your credit history is good, you could be approved at a rate as low as 16.49%. If your credit history is not so good, your rate could be as high as 25.49%. So, you may want to consider your past history and your tendency to carry a balance on your credit cards before applying.
The Overstock credit card is issued by First Bankcard, a division of First National Bank of Omaha.