Confirmed that Overstock Mastercard from FNBO will be discontinued

[CountryLivin]

I just got off the phone with Customer service for my Overstock Mastercard and the rep confirmed for me that the card will be discontinued  on March 29, 2019.  She read the info that she had to me word for word and it basically said that Overstock decided not to renew the contract with FNBO. She also said that customers that wish to remain credit customers of FNBO, can keep their accounts, but it will be a no frills mastercard. They will send out new cards with new account numbers. She said that I should have gotten something in the mail stating this.

I'm not sure if FNBO is going to offer everyone that had a card a new card, because when I go online to my credit card account it shows my credit limit, but it also says available credit is $0. I have never been late, but I know how a lot of cards get CLD. Oh well, I guess that I will take a hit to my utilization and just my luck this is one of my high limit cards.

[CreditCuriosity]

IMO FNBO and overstock was not a good partner.. Way to strict of UW for alot of overstock customer and overstock wants sales.  They should have or hopefully for consumers go with either comentiy or sync as the UW is obviously more on par IMO with alot of the overstock customers.  FNBO is just very conversative for a mass online retailer 

Thanks for the information though as i believe you brought this up in another thread a few months back, but now confirmed

[Anonymous]

Overstock has a store card by Comenity.

[CreditCuriosity]

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@Anonymous wrote:
Overstock has a store card by Comenity.

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I know but alot of people would rather have a major than store card as just more practical.  Still think FNBO was a very bad partner for a major with their customers

[Anonymous]

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@CreditCuriosity wrote:

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@Anonymous wrote:
Overstock has a store card by Comenity.

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I know but alot of people would rather have a major than store card as just more practical.  Still think FNBO was a very bad partner for a major with their customers

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Ah the way you said it, I figured you weren’t aware of it. 

I agree that FNBO was an odd partner for them but honestly they probably won’t replace it with another product. The store card is likely enough for them. 

[AverageJoesCredit]

I almost fell for Overstock before i found myFico. I was just blindly looking for credit and honestly wasnt really impressed with their selections. What saved me from trying was how they coded to where i live so it was way too complicared. Agree with CC, just a weird combo of FNBO and Overstock.

[MJ-san]

Just (FINALLY) got the notice today -- 2/19. 

2% back gas & grocery, 1% everything else. Kind of meh. BUT... that little card's limit grew from $1,200 to $30,000 in 7 years (all automatic, never asked for anything). 

From time to time they have done some "interesting" BT offers (5.99 for life of xfer, no transaction fees), and the interest rate wasn't too awful for a store-cobrand back at 14.9%, but today it's up to 18.2%so totally non-competitive vs. Citi DoubleCash or any of the other majors. 

I'm going to look into any other potential product options to change to ... otherwise it's going to be a big one in my sock drawer.