Cabela’s CLUB Mastercard credit card review

Cabela’s CLUB Mastercard credit card review

Published: June 17, 2019
Published: June 17, 2019
Ratings Policy
Rewards Rating:
2.4 rating
2.4 rating
2.4 / 5
Rewards Value: 1.0
Annual Percentage Rate: 1.3
Rewards Flexibility: 4.2
Features: 1.0
Customer Experience 3.7

In a Nutshell:

Though longtime Cabela’s fans might be persuaded to sign up for the store’s branded credit card, they’re probably better served in sticking with its free CLUB Rewards loyalty program instead.

View similar retail credit cards

Rewards Rate

  • 2 points on Cabela’s and Bass Pro Shops purchases (Note, you earn these points as a CLUB member, whether or not you sign up for the credit card)
  • 2 points at participating Cenex gas stations and convenience stores
  • 1 point other purchases

Sign-up Bonus

  • $20 in CLUB points immediately upon approval
  • Additional $10 in CLUB points after making 5 purchases in 30 days

Annual Bonus
None

Annual Fee
$0

Average Yearly Rewards ($1,325 monthly spend)
$193

APR

  • 9.99% for Cabela’s and Bass Pro Shops purchases
  • 17.49-26.49% for other purchases (variable)

Rewards Redemption

Pros

  • Points don’t expire
  • No limit to the amount of points you can earn
  • No minimum points required to redeem
  • Instantly redeem points at time of purchase with your CLUB Rewards card
  • Can stack points with coupons and discounts

Cons

  • Can only redeem points for Cabela’s and Bass Pro Shops merchandise

 

Customer Experience

Other Notable Features: Access to members-only CLUB events and offers (+ Signature Travel Adventures and “The Experience” for Silver or Black status), EMV chip technology, Apple Pay

Cabela’s CLUB Mastercard Review: More Details

While hunting, shooting, fishing and camping enthusiasts have an opportunity to benefit from the Cabela’s CLUB Mastercard credit card, the card’s low baseline rewards, small sign-up bonus and exorbitant spending requirements to enjoy its full value leave much to be desired.

An easy-to-navigate redemption program might be its biggest selling point, but you won’t really benefit from that unless you’re willing to make a significant investment in your outdoor hobbies and activities (or already do). Finally, a potentially sky-high APR and paltry rewards on outside purchases definitely make the Cabela’s CLUB card unsuitable for day-to-day use.

Sign-up bonus

The sign-up bonus on the Cabela’s CLUB Mastercard is nothing special – only worth up to $30 in points – but the spend threshold is very easy to reach. You earn your first $20 in points immediately upon approval and an extra $10 for making five purchases with the card in the first 30 days.

Earning Cabela’s points

A major downside to the Cabela’s CLUB card is its rewards program, which awards just 2 points per dollar on Cabela’s and Bass Pro Shops purchases and on purchases made at participating Cenex gas stations and convenience stores. It also offers 1 point for every dollar you spend everywhere else.

Here’s the thing: Members of Cabela’s CLUB Rewards loyalty program already earn 2 percent on their Cabela’s purchases, regardless of how they pay. The one major difference between the credit card and regular Rewards card, then, is the ability to earn 2 percent at Cenex locations and 1 percent rewards on other purchases — a rate that, frankly, is easily matched or beaten by many cash back cards that also happen to boast more flexible redemption options.

Even the biggest Cabela’s fan is most likely better off sticking with the store’s loyalty program and signing up for a separate cash back card for everyday purchases.

Tip: Since Classic card membership doesn’t automatically qualify you for a higher earning rate at Cabela’s, you should consider applying for a cash back card that offers rewards on Cabela’s purchases if you don’t meet the $15,000 spend requirement for Cabela’s Silver tier status.

Earn more as you spend more with membership tiers

Cabela’s Club cardholders do have the opportunity to earn better rewards, but advancing to those higher tiers won’t be easy for most. Everyone starts out with a Classic card, which offers the aforementioned 2:1 rewards on Cabela’s purchases. However, Silver cardholders, who are upgraded when they reach an annual Cabela’s spend of $10,000, earn 3:1 points on their Cabela’s purchases. Spend an extra $15,000 — for an eye-opening annual total of $25,000 — to reach the Black tier and score 5:1 rewards.

Status Spend threshold Earning rate
Cabela’s CLUB members None 2 points per dollar at Cabela’s and Bass Pro Shops
Cabela’s CLUB Classic Mastercard None 2 points per dollar at Cabela’s and Bass Pro Shops
Cabela’s CLUB Silver Mastercard $10,000/year 3 points per dollar at Cabela’s and Bass Pro Shops
Cabela’s CLUB Black Mastercard $25,000/year 5 points per dollar at Cabela’s and Bass Pro Shops

What are Cabela’s points worth?

Each Cabela’s point is worth one cent, which is comparable with other rewards programs. However, redemption options are slim, which detracts from the appeal.

Redeeming Cabela’s points

One bright spot with the Cabela’s CLUB Mastercard is that its redemption rules are more flexible than that of the average store credit card. Unlike many of its counterparts in the retail category, there’s no waiting to cash in your points — you can instantly redeem them at the time of purchase with your CLUB Rewards card. And while points can only be redeemed for Cabela’s or Bass Pro Shops merchandise (standard procedure for most retail cards), they don’t expire.

Points can also be stacked with other coupons and discounts, so be sure to visit the clearance section when you’re shopping in-store and online.

Lower APR for Cabela’s purchases

While the regular APR on the Cabela’s CLUB Mastercard is high, you do get a relatively low APR on Cabela’s and Bass Pro Shops purchases. Users are only charged 9.99 percent on qualifying purchases.

If you want to use your Cabela’s card to finance a larger purchase at the store and pay it over time, this could be a perk. But if financing a large purchase is your top priority, you might be better off signing up for a card with a 0 percent introductory APR for the first few months. Even though the Cabela’s purchase APR is reasonable, the interest can still add up quickly on a larger purchase.

Other card features

Though it doesn’t come with many extra features, the Cabela’s CLUB Mastercard does have a few extra perks. For example, you can earn extra points on certain purchases from Cabela’s Gear Guide collection over and above your regular rewards. You’ll also enjoy Mastercard benefits including price protection, extended warranty and ID theft protection. Further, Silver and Black cardholders have exclusive access to Cabela’s Signature Outdoor Adventures, as well as what’s known as “The Experience,” which includes backpacking trips, specialized trainings and more.

However, the card doesn’t offer perks such as purchase protection, which protects against accidental damage and theft on recent purchases.

Customer experience

The Cabela’s CLUB Mastercard is issued by Capital One, which has a good customer service ranking. Capital One scored an 803 on the 2018 J.D. Power credit card satisfaction study, ranking fifth out of major issuers. The bank also offers 24/7 customer service and an online chat feature, making it easy to ask questions as they arise.

The Capital One app also has relatively high ratings, scoring a 4.7 out of 5 in the Google Play Store and 4.6 out of 5 in the Apple app store.

Cabela’s CLUB Mastercard vs. Bass Pro Shops Mastercard

The Cabela’s CLUB Mastercard offers rewards on both Cabela’s and Bass Pro Shops purchases, thanks to their intertwined rewards program. While Bass Pro Shops offers its own Mastercard, the programs are essentially identical.

Alternatives to the Cabela’s CLUB Mastercard

Since you need a fairly high annual spend to get a competitive rate out of the Cabela’s CLUB Mastercard, you might be better off signing up for a card with a flat cash back rate. That way, you can earn the same rewards on every purchase as you do on Cabela’s purchases and enjoy the flexibility of cash back.

Citi Double Cash Card
Citi Double Cash Card
PenFed Power Cash Rewards
PenFed Power Cash Rewards Visa Signature Card
Wells Fargo Cash Wise Visa
Wells Fargo Cash Wise Visa®
Rewards rate

  • 1% cash back on general purchases
  • 1% additional cash back as you pay for those purchases
Rewards rate

  • 1.5% cash back on every purchase
  • 2% cash back for current/former military members or with Access America checking account
Rewards rate

  • 1.5% cash back on general purchases
Sign-up bonus

  • None
Sign-up bonus

  • $100 if you spend $1,500 in first 90 days
Sign-up bonus

  • $200 if you spend $1,000 in first 3 months
  • 1.8% cash back on Google Pay and Apple Pay purchases for first 12 months
Annual fee

  • $0
Annual fee

  • $0
Annual fee

  • $0
Other things to know

  • Redeem points for check, statement credit, gift card or checking or savings account
  • Purchase protection
Other things to know

  • Redeem any amount of cash back
  • No foreign transaction fees
Other things to know

  • Redeem for gift cards, merchandise, travel, cash, digital rewards and charitable donations
  • Purchase protection

Citi Double Cash card

As long as you pay your bill on time every month, the Citi Double Cash card has the potential to earn users up to 2 percent cash back on every purchase (1 percent when you buy, 1 percent when you pay for those purchases). You’ll need a minimum of $25 to redeem your cash back, but you can opt for a check, statement credit or direct deposit into your bank account.

PenFed Power Cash Rewards Visa Signature

The PenFed Power Cash Rewards Visa Signature does not offer its competitive 2 percent cash back rate to all cardholders – but it is pretty easy to achieve. Even if you are not a current or former military member, you can boost your cash back on every purchase by signing up for an Access American checking account. (Note: You’ll need to meet PenFed credit union’s requirements of being a current or former member of the U.S. military, government employee or relative of an eligible individual.) Then, you can redeem any portion of your cash back rewards at any time.

Wells Fargo Cash Wise

The Wells Fargo Cash Wise only offers 1.5 percent cash back on general purchases, but it’s unique sign-up bonus allows users to boost earnings to 1.8 percent in the first 12 months when they use Google Pay or Apple Pay. The card also offers a $200 intro bonus to users who spend $1,000 in the first three months.

Why get the Cabela’s CLUB Mastercard?

  • You’re a current Cabela’s or Bass Pro Shops customer or otherwise spend a lot of money on outdoor gear and clothing.
  • You want access to Cabela’s Signature Travel Adventures and/or “The Experience.”
  • You want hassle-free redemption, including the ability to use your rewards right away.
  • You don’t plan to use this card for everyday purchases (besides what’s required to earn the sign-up bonus).

How to use the Cabela’s CLUB Mastercard:

  • Use the card for all Cabela’s, Bass Pro Shops and Cenex purchases to boost your rewards rate.
  • Pay your bill in full each month to avoid high interest rates.

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