If you’ve spent a significant portion of your discretionary cash at the outdoor specialty shop. You may be tempted to apply for the Cabela’s CLUB Credit Card. You’ll get 2% back in Club Points on purchases made at participating Cenex convenience shops and petrol stations, as well as Cabela’s and Bass Pro Shops. With every dollar you spend, you’ll get 1% back in Club Points. Keep in mind that shopping at Cabela or Cenex has a lower APR than purchases made elsewhere with the card if you prefer to carry a balance.
Although you may use it everywhere, you can use Mastercard because of the Cabela-centric terminology. It’s more like holding a shop card. As a result of this card’s points and APR structure. Earnings are only redeemable for more Cabela’s and Bass Pro Shops items. Your profits cannot be used to a statement credit or returned as cash. Because of this, you’re stuck in a never-ending loop of earning incentives. You can only spend it on additional Cabela’s-branded merchandise.
That may not be a problem if you want to shop there for the rest of your life. Most people, on the other hand, find that they’ve accumulated sufficient equipment to meet their own personal demands while participating in their preferred leisure activity. A general-purpose rewards card might be a better alternative. If you’re looking for incentives that may be used in any way you see fit.
Suggested Read: Is There Such Thing as a Joint Credit Card?
Pros of Cabela’s Credit Card
It’s more lucrative for Cabela’s CLUB Mastercard Black and Silver status members than it is for Classic members. The Cabela’s CLUB Mastercard gives benefits on every transaction. For example, Black level members can earn back 5% of their purchases in the form of 5 points for every dollar.
Members-Only Deals: As a Cabela’s CLUB Mastercard customer, you get access to members-only offers in addition to earning normal base points.
To secure a spot on a special hunting or fishing excursion, you must be a Black or Silver CLUB member with your membership card.
Cons of Cabela’s Credit Card
With this card, you may earn a lot of points. But the only way to redeem them is to make a purchase. Only purchases at Bass Pro Shops and Cabela’s earns you points, and 100 points equal one dollar.
With Cabela’s CLUB Mastercard, you may unlock extra advantages by spending more annually to reach the Silver and Black status levels. However, you’ll have to spend $10,000 or $25,000 a year on goods to achieve that goal annually.
When it comes to credit cards, the APR range usually applies to all purchases except for those that are subject to a promotional rate. Most credit cards have a standard APR range. Those made at Cabela’s and Bass Pro Shops have a lower APR, whereas purchases made elsewhere have a higher APR. Because of this, it might be difficult to keep track of how much interest you’re paying unless you pay in full each month.
Cabela’s Club Classic Members, as the rewards program is known at Cabela’s and Bass Pro Shops, are immediately considered cardholders. When you’re in the Classic tier, every dollar you spend at Cabela’s, Bass Pro Shops, and Cenex convenience stores and petrol stations is worth two points. For anything else, you will earn 1 point for every $1 spent.
In a calendar year, if you use your Cabela’s credit card for transactions totaling at least $10,000 (not just at Cabela’s/Bass Pro Shops), you’ll move up from Classic to Silver level, earning three points for every dollar spent at Cabela’s.
With a minimum annual expenditure of $25,000, you’ll qualify for the highest card status, Black, which gives you 5 points for every dollar spent at Cabela’s.
Do not expect to receive a higher bonus rewards rate if you use your card to make a purchase using a mobile wallet.
There is no minimum redemption amount, and each point is worth one penny. Cabela’s and Bass Pro Shops and their merchandising subsidiaries, including their in-store eateries, only accept points for purchases made in the United States.
For the purposes of calculating average expenditure and income across several categories, Forbes Advisor consults data from various government agencies. Wage-earning households in the 70th percentile had a yearly income of $100,172 and typical costs of $52,820.
Our typical Cabela’s cardholder is expected to spend a total of $6,797 of the $26,410 on leisure activities and petrol. That’s worth 13,594 points, based on a point rate of 2 points per dollar spent. For every dollar you spend in other categories, you’ll earn an additional 19,613 reward points for a grand total of 33,207 reward points, which may be exchanged for $332.07 in Cabela’s or Bass Pro Shops qualifying purchases.
Other Benefits of Cabela’s Card
World Mastercard advantages include the following for Cabela’s cardholders:
Discounts, Promotions, In-Store Events, and Giveaways are Available to Cardholders Only.
Customers who use their ShopRunner membership card to make eligible purchases will receive free 2-day delivery from a select group of merchants.
Credit card companies have begun to assist users with low credit limits. If you’re having trouble, get the Milestone Gold Card here.
Regular APR: 15.24% – 26.99% Variable APR on balance transfers and purchases
Purchase Intro APR: N/A
Balance Transfer Intro APR: N/A
Annual Fee: $0
Balance Transfer Fee: 3% of each transferred sum that is posted to your account at a promotional APR that they give you.
Cash Advance: Either $10 or 4% of each cash advance amount, whichever is higher
Transaction Fee on Foreign Purchases: None
Our Final Verdict on Cabela’s CLUB Mastercard
If you often shop at Cabela’s and Bass Pro Shops, the Cabela’s CLUB Mastercard could be a suitable option for you. With more points available at the Silver and Black levels, it may be better suited to higher-spending customers. If you want to take advantage of the extra experiences, you’ll need a Silver or Black membership.
While the value of the points is good, the fact that you can only spend them at Cabela’s or Bass Pro Shops may be a deterrent if you want to use them elsewhere.
If you’re considering a credit card, be sure to check the annual percentage rate (APR). Purchases from Bass Pro Shops and Cabela’s have a lower APR than those from other merchants, but if you have a balance on the account, you will continue to pay interest. As a result, those who want to pay their balance in full each month should choose this card.