Overstock.com, First National Bank of Omaha, and MasterCard Worldwide
today announced the launch of the Overstock.com® MasterCard®
credit card, which provides enhanced rewards for Overstock.com
customers. The card offers Overstock.com customers 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. “We’re excited to be working with MasterCard and First
National Bank to offer our customers an easy way to stretch their
shopping dollars and save even more on Overstock.com purchases.”
Customers who sign up for the Overstock.com MasterCard credit card will
receive a free membership to Club O Rewards™, Overstock.com’s exclusive
customer rewards program. Club O Rewards provides customers with access
to exclusive shopping events and sweepstakes, as well as free shipping
and 5% back in Club O Rewards Dollars™ on qualified Overstock.com
purchases. The Overstock.com MasterCard credit card enhances these
benefits by providing 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.
“First National Bank of Omaha has been focused on providing our
customers with outstanding customer service and innovative financial
products for more than 150 years,” said Stephen F. Eulie, president of
First National Credit Card Center. “With a strategic focus in the
partnership space, we feel this partnership with Overstock.com and
MasterCard is a perfect fit. We’re able to expand our partnership
business, while simultaneously providing Overstock.com’s customers new
ways to get more value for their money.”
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.
“Overstock.com is a leading online retailer with a customer base that
seeks quality and affordability, and First National Bank of Omaha is a
leader in credit card co-brand programs,” said Craig Vosburg, Group
Executive, Market Development, U.S. Markets, MasterCard Worldwide. “This
partnership demonstrates that MasterCard’s commitment to making the
online shopping experience more valuable for online merchants and
consumers has made us the brand of choice for e-commerce.”
Club O Rewards memberships are available for an annual fee of $19.95 for
non Overstock.com MasterCard card cardholders. For more information
about the Overstock.com MasterCard card, visit www.overstock.com/cobrand.html?uuidCode=L23592XRPWZNP&subAgentCode=000.
Overstock.com, Inc. is an online retailer offering brand-name
merchandise at discount prices. The company offers its customers an
opportunity to shop for bargains conveniently, while offering its
suppliers an alternative inventory distribution channel. Overstock.com,
headquartered in Salt Lake City, is a publicly traded company listed on
the NASDAQ Global Market System and can be found online at http://www.overstock.com/.
Overstock.com regularly posts information about the company and other
related matters on its website under the heading "Investor Relations."
Overstock.com(R) is a registered trademark of Overstock.com, Inc. Club O
Reward™ and Club O Reward Dollars™ are trademarks of Overstock.com, Inc.
All other trademarks are the property of their respective owners.
This press release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Such forward-looking statements
include, but are not limited to, statements regarding the current and
future components of the Club O Rewards program, the amount, size and
frequency of rewards, and the associated benefits and program
promotional events. Overstock.com’s Form 10-K for the year ended
December 31, 2009, our subsequent quarterly reports on Form 10-Q, or any
amendments thereto, and its other subsequent filings with the Securities
and Exchange Commission identify important factors that could cause our
actual results to differ materially from those contained in our
projections, estimates or forward-looking statements.
About First National Bank of Omaha
First National Bank of Omaha is a leader in the credit card partnership
arena. With currently more than 600 financial institution, co-brand, and
affinity partners, First National Bank’s history in the partnership
space spans over 42 years. As a Top 15 issuer of credit cards, First
National Bank is committed to offering its customers quality products
and superior service to help them to achieve their goals. First National
Bank is a subsidiary of First National of Nebraska, Inc. First National
of Nebraska has grown into the largest private banking company in the
United States. First National and its affiliates have $18 billion in
managed assets and 5,700 employee associates located in 35 states.
Primary banking offices are located in Nebraska, Colorado, Illinois,
Iowa, Kansas, South Dakota and Texas.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes over 22 billion
transactions each year, and provides industry-leading analysis and
consulting services to financial-institution customers and merchants.
Powered by the MasterCard Worldwide Network and through its family of
brands, including MasterCard®, Maestro® and Cirrus®,
MasterCard serves consumers and businesses in more than 210 countries
and territories. For more information go to www.mastercard.com.
Follow us on Twitter: @mastercardnews.