[DISCLOSURE: Cards from our partners are reviewed below.]
Cabela’s is a popular American retailer that provides a wide range of outdoor sporting and recreation merchandise, including products for avid hunters, fishers, boaters, campers and basically any other activity enjoyed by outdoor enthusiasts. Publicly traded since 2004, the company has over 80 physical retail locations in the United States and Canada, a mighty-thick catalog and a strong online presence to boot.
There’s even a Cabela’s credit card for the loyal Cabela’s shopper. With this card, spending can earn points good for Cabela’s rewards. If you’re a frequent Cabela’s shopper, you may be curious if the card is a good trophy for your wallet.
Read on to learn the benefits and costs of Cabela’s credit card offerings to find out if the card is right for you.
Points for Free Outdoor Gear
The Cabela’s CLUB Visa Card comes in three versions — which we’ll detail below — but each card earns similar rewards. Customers can apply for the cards in one of the Cabela’s stores or online.
Before we detail what you get with the cards, it’s worth noting that store credit cards generally have lower approval requirements than traditional credit cards. So, for that reason, store credit cards may be a good tool to help you build up your credit, while rewarding you for purchases you make at your favorite store. (You can find out where your credit currently stands by viewing a free credit report snapshot on Credit.com.) Just remember: While these cards may be easier to get, you don’t want to overload your closet with more camo gear that you really can’t afford, as the interest rates with store credit cards are often higher than traditional credit cards (more on that in a minute).
No matter which Cabela’s credit card you get, you’ll earn points toward free gear and outdoor experiences at Cabela’s. Each version of the card earns multiple points for every dollar spent on Cabela’s purchases online, in-store or through the catalog. All other purchases earn one point for every dollar spent.
Cardholders can also get access to member-only events and offers. Right now, Cabela’s is offering a bonus $20 in points upon card approval and an additional $10 in points when you make five purchases within 30 days of opening the card.
Three Tiers of Cards
As we mentioned, the Cabela’s card comes in three tiers: Classic, Silver and Black. The only variable is the amount of points earned for Cabela’s purchases and the minimum annual spending requirement. The Silver and Black versions of the card may also have stricter credit requirements.
Visa Classic: The Visa Classic version earns two points for every dollar spent at Cabela’s and Cenex gas stations and one point for every dollar spent elsewhere. There is no minimum spending requirement.
Visa Silver: The Visa Silver version earns three points for every dollar spent at Cabela’s and one point for every dollar spent elsewhere. There is a minimum $10,000 annual spending requirement to have this card.
Visa Black: The Visa Black version earns five points for every dollar spent at Cabela’s and one point for every dollar spent elsewhere. There is a minimum $25,000 annual spending requirement.
Keep in mind, these cards can all be used both at Cabela’s and anywhere Visa cards are accepted. All versions of the card have no annual fee and comes with a variable annual percentage rate (APR) of 16.56% to 25.56% on non-Cabela’s purchases and a 9.99% variable APR on all Cabela’s purchases.
The Cabela’s card has a nice points rewards structure for diehard Cabela’s enthusiasts. With no annual fee and a very low APR on Cabela’s purchases, the card could be a good option to use only for frequent Cabela’s spending.
But if you don’t spend thousands of dollars a year at Cabela’s, you might be better off with another option that doesn’t restrict rewards to one brand. You may also want to consider the Cabela’s CLUB Rewards program if you’re only looking to get rewarded for store spending without taking out a new credit card. However, if it’s a credit card you’re after, these Cabela’s credit cards do have a lower variable APR than many other store credit cards. Even so, cardholders may wish to pay the balance in full each month to avoid racking up interest charges.
Alternative Options: Points Rewards Credit Cards
If you’re looking to earn rewards for frequent shopping, you may want to consider an unrestricted points rewards card. You’ll still earn rewards on all purchases, but you’ll have more freedom when it’s time to redeem your points.
Here are two of our favorite unrestricted points rewards cards:
Citi ThankYou® Preferred Card
- Enjoy 0% Intro APR on purchases for 15 months from date of account opening and 0% Intro APR on balance transfers for 15 months from date of first transfer; after that, the variable APR will be 14.74% - 24.74% based upon your creditworthiness*
- There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater*
- Earn 2X Points on Dining Out & Entertainment
- Earn 1X Points on All Other Purchases
- Points are redeemable for gift cards to popular retailers, restaurants, and department and home stores. 2,500 ThankYou® Points can be redeemed for a $25 gift card at thankyou.com
- No expiration and no limit to the amount of points you can earn with this card
- No annual fee*
Card Details +
Why We Picked It: The Citi ThankYou Preferred Card earns two ThankYou Points for every dollar spent on restaurants and entertainment and one ThankYou Point for every dollar spent elsewhere. (Full Disclosure: Citibank, as well as Discover, advertise on Credit.com, but that results in no preferential editorial treatment.) ThankYou Points can be redeemed for gift cards, travel, and merchandise.
Discover it® Miles
- We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
- Unlimited 1.5x Miles per dollar on all purchases, every day, with no annual fee.
- No Blackout Dates - fly any airline, stay at any hotel.
- Redeem your Miles as a statement credit towards travel purchases.
- Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
- Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
- Receive FREE Social Security number alerts— Discover will monitor thousands of risky websites when you sign up.
- No Annual Fee.
Card Details +
Why We Picked It: The Discover it Miles Credit Card offers straightforward points rewards. Every purchase earns 1.5 miles for every dollar spent. Points can be redeemed for cash back or travel credits. Discover also matches all rewards earned in the first year with no caps or minimums.
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
At publishing time, the Citi ThankYou Preferred credit card and Discover it Miles credit card is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).
This article last updated on September 15th, 2017.