If you like doing stuff in the great outdoors, like camping, fishing, or hunting, you’re probably familiar with Cabela’s, the specialty retailer and direct marketer.
And if you’re familiar with Cabela’s, you probably already know about the Cabela’s credit card.
If you don’t know Cabela’s, or don’t know about their Visa offering, this 2018 review of the card will get you up to speed.
From here on, you’ll learn about the rewards, benefits, savings, drawbacks, and issues related to the Cabela’s Visa card.
What is the Cabela’s credit card?
Cabela’s, which is a part retailer and part tourist attraction in most locations, is a well-known outlet for outdoorsy equipment and gear from fishing rods to boots and clothes.
They have a financial subsidiary that issues credit cards, called the World’s Foremost Bank.
It’s a popular card for Cabela’s customers since the branded rewards card is particularly friendly to Cabela’s purchases.
Basically, if you’re going to buy a lot of stuff from Cabela’s, this is the best card for the job.
What are the important numbers for this card?
Here are the gritty details of the card that you need to know:
- Annual fee: $0
- APR: 9.99% for Cabela’s purchases; 16.23-25.23% for other purchases (variable)
- Balance transfer fee: 4% (min. $10)
- Max late fee: $37
- Grace period for payment: 25 days
- Cash advance rate: 26.56%
- Foreign transaction fee: 1%
What are the benefits of this card?
Not surprisingly, there are plenty of benefits for frequent shoppers of the chain, but here’s the full list of what you get:
- 2 points on Cabela’s purchases and at Cenex convenience stores/gas stations
- 1 point on all other purchases
- Sign-up bonus of $25 in Cabela’s CLUB points
- An extra $10 in CLUB points after five purchases
- Points don’t expire (as long as the account is active in the last 18 months), and there’s no limit, no minimum of points required to redeem, and you can stack points with coupons and discounts
- Instant redemption of points at the time of purchase
What are the drawbacks?
The number one “drawback” to the card is that the major benefits are essentially available to you if you’re a CLUB member, which doesn’t require applying for or using the card.
The APR for non-Cabela’s purchases is rather high, meaning you’ll be in trouble (and paying more than you have to) if you lapse on payments.
Finally, you can only redeem points for Cabela’s merchandise.
If you’re a frequent shopper at Cabela’s, this drawback is minimal—but it’s still a bummer.
Is this card right for me?
If you’re looking at this card vs. a branded card from a similar outfitter, such as REI, it will depend entirely on how loyal you are to the Cabela’s brand.
Go to Cabela’s often?
Get this card and use it mostly, or only, at Cabela’s or Cenex.
Not that loyal to one particular outfitter?
Consider just signing up for the CLUB and looking elsewhere for your credit needs.