What you need to know about overstock credit card before acquiring one? Are you a fan of overstock.com? do you frequently shop at their outlets? Want to know how you can gain more while still shop at overstock.com? Follow along as we dig in all about overstock and the overstock credit card.
Overstock.com is a chain of stores where you can find a variety of goods. From home accessories, furniture, clothing, groceries and other essential things you need in the house. If you are a shopper here, you will agree with me that this is a place where you can get in and get out with all household items.
For all loyal customers, overstock.com have come up with a way of making their customers enjoy shopping at their outlets. Customers now can shop for whatever they want and have an advantage of paying for a larger purchase over a speculated time.
What Is an Overstock Credit Card?
It is a store-branded card offered to loyal customers of overstock.com. The card is issued by a comenity capital bank and they are the one who manages and oversees the smooth operation of the credit card. If you need the card, they are the one that is contacted to offer one.
The application process for this card is fast and easy. The process is automated hence you get to know immediately whether you qualify for the card or not. If you shop more often at the overstock.com and you still want more from your spending, this card is convenient for you.
Do you have a computer, tablet or an android phone that is network enabled? You can manage your account using the device. All you must do is log in using your username and password and get access to your online account. Here you can pay bills, read your statement and update your account information.
Benefits of Overstock Credit Card
When you acquire the credit card, you get to enjoy the following;
- 10% off the first purchase
Immediately you get the credit card, you are entitled to a 10% off in your first purchase, sounds great, right? To get the % off you need to spend over $5000 and you will get a $500 back into your pocket. The one-time offer is a perfect opportunity to shop for any customer.
- Have a 25 days grace period
Any cardholder will agree with me that this is convenient. Due to the ballooned financial crises, sometimes you will not be able to pay the card on time. The grace period allows you to prepare and gather fund so that you can pay the card on time
- No annual fee
When you are looking for a credit card, this is one thing to watch out for. You don’t want to own a credit card that is expensive to maintain. If you manage to pay the card each month, you get to enjoy the card at no extra cost.
- Special financial benefits
Overstock card holders have a special advantage of how to pay and purchase their goods. You can defer your payments to a much later date or have a planned way of how you are going to make payments for your goods. A good example is you can defer interest on your purchases of up to $3000 for up to 7 years.
Disadvantages of the Overstock Credit Card
Just like any other credit card, there are some alarms that come with the card. When acquiring the credit card, you need to look at the disadvantages and really evaluate if you need the card. Some of the disadvantages include;
- High APR
It is the annual percentage rate that you are going to pay at the end of the year. The card attracts a 27.99% variable rate. Variable means it is subject to change and is determined by the prime rate. That means you have a high amount of money to pay for maintaining the card.
For you to enjoy the benefits of the card, you must shop at the overstock.com outlets. That means that the card is of no use to you if you are not a frequent shopper at the stores. The rewards are also limited. The card has less to offer compared to other store-branded credit cards.
- Additional fee payment
It is not all merry with the card. If you have a fond of not paying for the cad, you are slapped with a 38% late fee. It is a lot if you continue to skip a payment and when it piles up, it can lead to your card cancellation. You also get to pay a 38% return fee payment.
The Procedure of Overstock Credit Card Log in
After you get this credit card, it is essential to log into your online account to manage it. that is possible through overstock credit card log in portal. All you need to have is a network enabled device. It can be your computer, your tablet or your android phone.
When you log in, you can be able to;
- Pay bill
Yes, you can be able to pay your bill online with simple and quick steps. It is convenient for people who have a lot in their hands and cannot appear in person for payment. All they need is to log in to their online account and pay using few easy steps.
Through this platform, you can also sign up for auto payment. That means you sign up for an automatic payment of your card once the month is over.
- Activate new card
With you operating your account online have many benefits. You can activate other cards online. There is a section that allows you to activate a card that you previously acquired. Just follow the steps provided and the card will be activated Immediately.
- Sign up for paperless statement
It is the process where you sign up for an e-statement. That means that you can get access to your statement anytime you want. That eliminates waiting period and the process of mailing. It aids in accountability in that all your statements will be in one place.
- Update your account
Sometimes you may need to change your account details. That is easy when you use the online platform. All you need to do is log in and go to your personal information and make all the changes you want.
- Add an authorized user
Overstock credit card has a special exception where the user has a privilege of adding another user to the same card. That means that the card can be used by another person other than you. It is convenient for someone who wants to add a spouse, sibling or even a child to enjoy shopping with the card.
- Sign up for an email alert
You can sign up for email alerts online. That means you get alerts on what is new, any suspicious activity in your account or even any important information that needs your attention. With this, you are updated on any activity concerning the card.
For you to log in you need to;
- Go to log in page at comenity.net
- Enter your username and password.
- Click on sign in and you will be granted access to your account.
If you have forgotten your username or password, there is an easy way for you to recover. Follow the procedure and you will be guided how to recover your account information. Be sure to log out if you are using a public computer, you don’t want to leave your account open to unauthorized users.
Who Qualify to Apply for an Overstock Credit Card?
It’s one thing to want a card and it’s another to qualify. Once you evaluate yourself and feel the need to have the credit card, you need to know what you must have for you to qualify for the card. The following are what you need to qualify;
- You must be 18 years and above.
- Must have a good to excellent credit score. A good credit score means between 700-739.
- Must be a frequent shopper at the overstock.com stores.
- You need to be a legal citizen of the USA
- Have a proven means of income.
Now that you have checked the above qualifications and you fit for application, go to comenity capital bank website or at overstock.com and make the application.
Overstock Credit Card Application
It is the procedure you follow to acquire the credit card. They have an easy, fast and convenient way of applying for the card. You get the response immediately whether you qualify for the card or not. To apply follow this;
- Go to overstock credit card portal or comenity bank website and look for ‘apply for a credit card’ section. Click apply.
- Fill in your personal information. It includes your names, contact information, date of birth, your social security number and a proof of a stable employment.
- Enter your email address and create a password then click on create an account.
- Check your information whether correct and click continue.
- You will be directed to other pages whether you are supposed to provide more information about yourself and your financial status.
- Once done wait for a reply. As mentioned earlier, it is an automated process hence you get your feedback immediately.
How to Pay Overstock Credit Card
Now that you have the card, is mandatory to have a well-planned way of paying for the card. Making payment is the only way you can avoid the penalties and extra fees that comes when you fail to pay. Make sure you pay the full amount every month and you will be good to go.
You can make payment through these easy steps;
It is where you call the customer care number and get assisted in making the payment. You need to have your account information for ease of payment. The method is easy and convenient and should be used to avoid late payment. Just call them and you will be assisted.
Paying online is easy, convenient and fast. It gets even easier once you enroll in an automated mode of payment. All this is done for free and you can transact any time of the day, any day of the week. All you need to do s log in and enroll in the online mode of payment. Here is how you pay online;
- Log in to your account by entering your username and password.
- Enroll in the online payment mode of payment through online bank.
- Go to the ‘make payment ‘option and follow the procedure to make the payment. You will receive a confirmation immediately confirming your payment.
- If you want to set an automatic mode of payment, log in and check on payment and transfer section.
- Click on enroll button and from the account you want funds to come from.
- Once you set this, payment will be done every month at the speculated set date.
Overstock Credit Card Overview: Is It the Best Card to Have?
Here is the thing, if you shop at overstock.com frequently and want to get the best out of your purchase, this card is an advantage. With the card, you can be able to get the best that the store has to offer. The card has limited rewards. That is why it is advisable you apply for the card together with club O reward pack.
What Is Club O Reward Pack?
It is a way of overstock.com of rewarding loyal customers. You enroll with an annual fee of $ 19.95. with this, you will earn 5 points for every dollar you spend at overstock.com which is 5%. now, when you have overstock credit card and you have enrolled in club O reward pack, you have an added advantage.
You get a 3% more both the club O reward pack and overstock credit card. That means in total you get an 8% point for every dollar spent. It makes sense now, right? It the only way you can maximize your benefits from the stores. Also, a club O member with an overstock credit card gets their annual membership waved.
The credit card has a high variable APR. it means it is expensive to maintain the card. To avoid the cost of the card going high, you need to pay promptly. pay the credit card in full and avoid accumulation of the debt. By doing this, you avoid a 38% penalty fee that is set if you fail to pay.
The application process is easy and fast. You get a response quickly and there is no waiting period. Comenity bank has a very convenient way of managing the account. You log in and you pay bills, make changes, update your information and get all the necessary information about the card.
Should I Get the Card?
To get the card or not to you is up to you. If you shop at overstock.com more often, go for it. If you don’t, there are other more favorable options that are better than you can go for. Visit your bank or card provider and shop for a convenient card with a low or no APR.
If you decide to have the card, use it with caution. Remember to make your payments in full on time, avoid interests and fees and have their customer care number just in case you need to contact them.
How to Contact Overstock Credit Card Customer Care
Do you have a log in issues? Are you unable to transact in your account? Do you want to make payments and you don’t know how? Well, this is some of the issues that might arise when you have the card. Don’t worry, comenity capital bank is aware of that.
They have a well set up customer care system where they take care of all their customer’s queries. You can easily contact them through their phone number in their portal. Do you have a suspicious log into your account? Contact them and they will assist
You can reach them by calling them on 1-855-810-2546 or 1-888-819-1918. Their customer care hours are from 8 am to 9 pm EST. They also have an Automator customer care center where they are available 365 days year 24 hours day 7 days a week.
Conclusion of Overstock Credit Card
Overstock credit card is convenient and affordable to have for overstock.com frequent customers. It is easy and fast to apply, and you get the response immediately. you must a have a good to excellent credit score, be 18 years and above and be a citizen of the US.
Though the card has no annual maintenance fee, the card carries a high variable APR. it also has 38% penalty and returns fee. You need to remember to pay the card on time in full to avoid unnecessary payments. Manage the card and you will the get the best the card has to offer.