September 24, 2010
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News: Overstock.com Lauches Own Credit Card
Loyal Overstock.com user will be happy to learn the popular discount shopping website announced its joint efforts with First National Bank of Omaha and MasterCard Worldwide to offer the first Overstock.com co-branded credit card. Shoppers will love the Overstock.com/MasterCard credit card rewards program which will customers additional savings on their purchases. Rewards will not be limited to Overstock.com purchases but will also offer rewards off of purchases from other sale transactions as well. Overstock.com MasterCard credit cardholders will also receive a free membership to the company's Club O Rewards program created exclusively for cardholders. Club O Rewards memberships are available for an annual fee of $19.95 for non Overstock.com MasterCard card cardholders.
Cardholders will be happy to learn that with the Club O Rewards, they'll have exclusive shopping events and sweepstakes, free shipping, and 5 percent return in Club O Rewards Dollars on selected purchases. They'll also receive enhanced benefits by providing an additional 3% back in Club O Rewards Dollars on Overstock.com purchases plus an additional $10 Club O Rewards Dollars credit the first time the credit card is used. To sweeten up the deal, Overstock.com MasterCard credit cardholders earn an additional 1 percent back in Club O Rewards Dollars when they make purchases at additional selected retailers.
The First National Bank Omaha is a subsidiary of the First National of Nebraska. It is one of the largest privately held banks in the U.S. The bank offers a variety of financial products and currently offers over 600 bank, co-branded, and affinity credit cards. First National Bank of Omaha is headquartered in Omaha, Nebraska. Overstock.com, Inc. is a leader in online retailing and was a pioneer in offering high quality products at discounted prices online. The company is headquartered in Salt Lake City, Utah. It is a publicly traded company listed on the NASDAQ under the symbol "OSTK". MasterCard WorldWide is one of the world's top two card networks. The company processes over 22 billion card transactions a year.