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Cabela’s CLUB Mastercard credit card review

Cabela’s CLUB Mastercard credit card review

Published: January 15, 2019
Published: January 15, 2019
Ratings Policy
Rewards Rating:
2.1 rating
2.1 rating
2.1 / 5
Rewards Value: 0.8
Annual Percentage Rate: 1.3
Rewards Flexibility: 4.2
Features: 0.0

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 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
$10 in CLUB points after making 5 purchases in 30 days

Annual Bonus

Annual Fee

Average Yearly Rewards ($1,325 monthly spend)


  • 9.99% for Cabela’s purchases
  • 17.49-26.49% for other purchases (variable)

Rewards Redemption


  • Points don’t expire as long as account is active in the last 18 months
  • 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


  • Can only redeem points for Cabela’s merchandise


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

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.

Bare-bones earnings scheme

A major downside to the Cabela’s CLUB card is its rewards program, which pales in comparison to the one offered by competitor REI. While the REI Co-op Mastercard offers a generous 5 percent rebate (i.e., cash back) on REI purchases, the Cabela’s card awards just two points per dollar on Cabela’s purchases and on purchases made at participating Cenex gas stations and convenience stores. It also offers one 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.

For example, the Citi Double Cash card offers 2 percent cash back on every purchase — 1 percent when you make a purchase and 1 percent when you make on-time payments — and the PenFed Power Cash Rewards Visa Signature offers 1.5 percent cash back on every purchase, or 2 percent for current and former military members and Access America checking account holders. Not only do these cards offer higher rewards earnings on every purchase, but they reward you with actual cash back, which can be deposited into an account or used to pay down your credit card balance – you aren’t restricted to using your cash back for a specific kind of purchase.

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.

Spend more, earn more with three 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.

In a nutshell: You’ll have to spend $25,000 in a single year to earn the kind of rewards you’d get with the REI Co-op Mastercard (or with the Bass Pro Shops Outdoor Rewards Mastercard, which also offers up to 5 percent rewards depending on the credit line for which you’re approved). 

Easy redemption

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 merchandise (standard procedure for most retail cards), they don’t expire so long as you earn or redeem points at least once in an 18-month period. Basically, you have unlimited time to cash in your rewards.

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.

Bonuses and perks

The Cabela’s credit card has a meager sign-up bonus of $10 in CLUB points upon approval. You can also earn extra points on certain purchases from Cabela’s Gear Guide collection over and above your regular rewards. For example, this deluxe tent cot single comes with an additional 20 percent in CLUB points.

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.

Why get the Cabela’s CLUB Mastercard?

  • You’re a current Cabela’s 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:

  • Due to the card’s high APR, you should generally refrain from using the card to buy anything outside of Cabela’s, with the exception of purchases at participating Cenex gas stations and convenience stores.
  • Earn or redeem points at least once every 18 months to keep them from expiring.

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