Overstock.com launches Mastercard credit card

Salt Lake City, Utah Overstock.com, along with First National Bank of Omaha (Neb.) and MasterCard Worldwide, announced Thursday the launch of the Overstock.com MasterCard credit card.

The new program, which provides enhanced rewards for Overstock.com customers, offers additional savings on Overstock.com online purchases, as well as reward dollars on other purchases made when using the card.

"We're always looking for ways to provide our customers with the best value and superior customer experience," said Overstock.com president Jonathan Johnson.

Customers who sign up for the Overstock.com MasterCard credit card will receive a free membership to Club O Rewards, Overstock.com's customer rewards program which provides access to exclusive shopping events and sweepstakes, as well as free shipping and 5% back in Club O Rewards Dollars.

The Overstock.com MasterCard credit card provides an additional 3% back in Club O Rewards Dollars on Overstock.com purchases, for a total of 8% back in rewards dollars on qualified Overstock.com purchases made with the card, plus an additional $10 Club O Rewards Dollars credit the first time the card is used.

In addition to receiving 8% back in Club O Rewards Dollars on purchases at Overstock.com, Overstock.com MasterCard cardholders earn 1% back in Club O Rewards Dollars when they make purchases at other retailers, including grocery stores, gas stations or thousands of other merchants where the Overstock.com MasterCard credit card is accepted. Overstock.com MasterCard cardholders can use these accumulated Club O Rewards Dollars to purchase merchandise on Overstock.com.