The Capital One-issued Capital One Cabela's CLUB Credit Card* is meant to reel in outdoor sporting lovers who load up on their essentials at Cabela's and/or Bass Pro Shops. The no-annual-fee card earns 2% back at Bass Pro Shops, Cabela's & participating Cenex® locations and 1% back on all other purchases.

If this sounds like you, you're likely to get lured in by the Mastercard perks and the ability to bag bigger rewards by meeting certain annual spending thresholds on the card. If this caught your eye for those reasons, release your interest and go for the better haul you'd get with a general-purpose rewards card.

Note: This card has an identical twin, the Capital One Bass Pro Shops CLUB Credit Card*. These two cards are different in name only.

Capital One Cabela's CLUB Credit Card

Capital One Cabela's CLUB Credit Card

Welcome Bonus

Up to $40 in points

Regular APR

16.74% - 28.49% variable

Credit Score

Good/Excellent

Pros

  • No annual fee
  • Low ongoing APR for purchases made within the brand
  • Rewards rate increase for big spenders

Cons

  • Points can only be redeemed towards Bass Pro Shops or Cabela's spending
  • Higher APR for spending outside of the brand
  • Low welcome bonus

Highlights

  • Earn up to $40 in CLUB Points: $20 in CLUB Points upon approval, an extra $10 in points after 2 Bass Pro Shops or Cabela's purchases within 30 days of account approval and $10 in points after 5 purchases everywhere else within 30 days of account approval
  • 16.74% – 28.49% Variable APR on purchases and balance transfers
  • No annual fee
  • Earn 2% points back at Bass Pro Shops, Cabela's & participating Cenex® locations
  • Earn 1% points back on all other purchases
  • Earn unlimited CLUB Points that never expire for open accounts
  • Redeem points for merchandise at Bass Pro Shops and Cabela's or at Bass Pro Shops restaurants and resorts through the mobile app
  • Instantly gain access to member-only discounts, promotions, in-store events and giveaways
  • Connect to your account online, over the phone, through the app or in-store

Introduction

It may seem tempting to own the Capital One Cabela's CLUB Credit Card* if you've spent a decent amount of your disposable income at the outdoor specialty retailer. Purchases made at participating Cenex convenience stores and gas pumps and Cabela's or Bass Pro Shops will net you 2% back at Bass Pro Shops, Cabela's & participating Cenex® locations and 1% back on all other purchases. If you tend to carry a balance, know that Cabela and/or Cenex spending will be subject to a lower APR then purchases made elsewhere with the card.

These Cabela-centric terms mean it's more like owning a store card, even though you could use it anywhere Mastercard is accepted. That's because, in addition to the rewards and APR structure, earnings on this card are only redeemable towards more merchandise from Cabela's or Bass Pro Shops. There's no cash back and no applying your earnings towards a statement credit. This leaves you trapped in an endless cycle of earning rewards that can only be spent on more stuff within Cabela's ecosystem.

If you plan to shop there for your entire life, that may not be an issue. But most people eventually find they've acquired enough gear to fulfill the needs of their favorite pastime. For flexible rewards you can use any way you'd like, a general-purpose rewards card would be a more bountiful choice.

At a Glance

  • Annual fee: $0
  • Welcome bonus: $20 in CLUB Points upon approval, an extra $10 in points after 2 Bass Pro Shops or Cabela's purchases within 30 days of account approval and $10 in points after 5 purchases everywhere else within 30 days of account approval
  • Purchase APR on Cabela's, Bass Pro Shops and Cenex spending: 9.99% APR
  • Purchase APR on all other purchases: 16.74% - 28.49% variable
  • Earn 2% back at Bass Pro Shops, Cabela's & participating Cenex® locations and 1% back on all other purchases
  • Comes with Mastercard perks and benefits
  • Rewards can only be redeemed towards purchases at Cabela's or Bass Pro Shops

Cabela's Card Rewards

Earning Rewards

Cardholders are automatically considered to be Cabela's Club Classic Members, which is the name of the rewards system at Cabela's and Bass Pro Shops. At the Classic level, you'll earn 2% back at Bass Pro Shops, Cabela's & participating Cenex® locations and 1% back on all other purchases.

If you spend at least $10,000 on your Cabela's credit card (on any purchases, not just at Cabela's/Bass Pro Shops) in a calendar year, you'll get boosted from Classic to Silver status which means you'll earn a total of 3 points per dollar on your Cabela's family spending.

Spend at least $25,000 on the card in a year and you'll get the highest level status, Black, which will net you an oversized 5 points per dollar on all your Cabela's family spending.
Know that any purchases you make via a mobile wallet with your card account may not be eligible for the bonus rewards rate.

Redeeming Rewards

Points are worth one cent each and there is no minimum redemption amount. Points can only be redeemed towards purchases with Cabela's and Bass Pro Shops and its merchandising subsidiaries, including in-store restaurants, located in the U.S.

Rewards Potential

Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. The 70th percentile of wage-earning households brings in $107,908 annually and has $64,144 in standard expenses. Assuming 50% of such expenses are charged to this card, total annual card spending would be $32,072.
Of that $32,072 we estimate our sample Cabela's cardholder would spend $5,736 on leisure pursuits.. At 2 points per dollar spent, that would net 11,472 points. The remaining spending of $26,336 would net 26,336 points for a total of 37,808 points, which can be redeemed for $378.08 in qualifying purchases at Cabela's or Bass Pro Shops.

Other Cabela's Card Benefits

Holders of the Cabela's card will receive Mastercard benefits including:

  • Exclusive Offers: Cardholders will receive members-only discounts, promotions, in-store events and giveaways.
  • Zero Liability Protection. You're not responsible for unauthorized charges made on your card.
  • Global Services. Get emergency assistance anytime, anywhere and in any language. This includes reporting a lost or stolen card, obtaining an emergency card replacement or cash advance, finding an ATM and answering questions on your account.
  • ID Theft Protection. You can opt in to this service that monitors your credit file for changes that could indicate fraud, sends you emergency alerts and can assign you a resolution specialist if fraud is detected.

Fine Print

Interest Rates

  • Regular APR: 16.74% - 28.49% variable
  • Purchase Intro APR: N/A
  • Balance Transfer Intro APR: N/A

Fees

  • Annual Fee: $0
  • Balance Transfer Fee: 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you.
  • Cash Advance: Either $10 or 4% of the amount of each cash advance, whichever is greater
  • Foreign Purchase Transaction Fee: None

How the Cabela's Card Stacks Up

Capital One Cabela's CLUB Credit Card* vs. Ducks Unlimited Credit Card*

If you like the idea of a card that rewards your great outdoors-related spending, consider a card like the Ducks Unlimited Credit Card. This no-annual-fee card donates a portion of every purchase you make to support wetlands conservation. You'll also earn1.5% unlimited cash back on all purchases.

Those earnings are far more flexible than those from Cabela card spending. The redemption options on the Ducks Unlimited Card include merchandise, gift cards/certificates, travel (flights, hotels and car rentals) and actual cash (statement credit, ACH or check).

There is one notable drawback: You can only redeem your rewards in increments of $25, $50, $100, $250 and $1,000, so you'll have to wait until you earn enough rewards to meet one of those amounts.

Capital One Cabela's CLUB Credit Card* vs. Chase Freedom Flex℠

If you're looking for an all-purpose card that earns elevated rewards across a broad swath of categories, the Chase Freedom Flex could be the needle in the haystack you've been searching for. For an annual fee of $0, you'll earn 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores and 1% on all other purchases.

Rewards come as Chase Ultimate Rewards, a highly flexible currency that can be redeemed for cash back, travel, gift cards, merchandise or combined with rewards earned from a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® card and transferred to one of Chase's travel transfer partners.

Capital One Cabela's CLUB Credit Card* vs. Citi® Double Cash Card

If you just want a card that earns simple rewards everywhere you shop, a card like the Citi Double Cash could be ideal. The card carries an annual fee of $0 and earns an 2% cash back on all purchases—1% when purchases are made and another 1% when they're paid off.

You can take these earnings as straight cash back, use them as a statement credit toward your balance or convert them to Citi ThankYou points and use them for gift cards or to book travel.

How the 's Credit Stacks up with Other Cards

Is the Cabela's Card For You?

The Capital One Cabela's CLUB Credit Card* could be the right choice for someone who uses this card just for purchases within the brand and doesn't mind only being able to use the rewards to buy items from the retailer. In this scenario, it would be best to pair this card with at least one other card for all of your other spending. If you're seeking a more all-purpose card, go with one that makes earning elevated rewards as easy as shooting fish in a barrel.