The New Cabela’s Club MasterCard
In September of 2017, Bass Pro Shops completed their purchase of Cabela’s. With this purchase, a number of changes occurred including the conversion of the Cabela’s Club Visa Card to a MasterCard. Cabela Cardholders are receiving their new MasterCard which will be managed through Capital One. Your new card will need to be activated and you will have a new account with Capital One. The Cabela’s Club MasterCard allows consumers to earn points which can be redeemed for merchandise at Cabela’s and their affiliates.
Features and Benefits of The Cabela’s Club MasterCard
As mentioned above, Cabela’s customers who have the Club MasterCard will earn points for redemption with Cabela’s. Benefits of credit card membership include:
- 1x points for every purchase with your card
- 2x points for all purchases at Cabela’s and affiliates (Bass Pro, etc.)
- MasterCard Price Protection on all of your purchases
- Extended Warranty Protection on eligible purchases
- Access to the MasterCard Priceless Program
- Points exchange at a rate of 100 points per dollar
- Special APR rates for eligible Bass Pro and Cabela’s purchases (9.99%)
- Earn rewards upon approval and with further spending
- Zero annual fee
Overall, this card is primarily going to apply for outdoor enthusiasts (these individuals may also be interested in the REI MasterCard – you can read more about that program and the special sign up bonus offers) who prefer to use their rewards with Cabela’s and Bass Pro. The reward rate on this card works out to 1% rewards back on all non-Cabela purchases. Forunately, cardholders are able to earn additional rewards with Cabela purchases. Their are three tiers for cardholders: CLUB Classic, CLUB Silver, and CLUB Black. Members will earn 2x points, 3x points, and 5x points respectively with their Cabela Purchases on their card. This means you will be earning a whopping 5% back at the CLUB Black level of rewards. Eligibility for Silver and Black tier levels requires $10,000 and $25,000 total annual spending.
Cabela’s MasterCard Capital One Conversion (Formerly My Club Visa)
New credit cards will be sent out to credit card holders and in order to use your new card it will need to be activated. Your old card will no longer be available for use and should be destroyed. Customers will also need to set up an online account with Capital One (formerly, cards were managed through Bank of America). Payment methods will need to be put in place as your old payment method will no longer be available for your new account. If you have not yet received your new card you can already begin setting up your new account with Capital One in anticipation of your new card.
For similar information about another recent merger between major companies, check out our article about the SPG and Marriott Merger and how it impacted their programs!
Redeeming Your Cabela’s Club Points
When you earn points on your card they will automatically be added to your rewards balance. There is not a minimum threshold of points in order to use them for price reductions on your Cabela’s and Bass Pro purchases. At the point of checkout, you can use your card and select to use your rewards. Points are extremely easy to redeem and their is no need to request a voucher or other hang ups that are very common with store reward programs. Another great feature of the points you earn is that they will never expire as long as your Rewards Account remains active.
Final Thoughts – Is The Cabela’s Club MasterCard A Winner?
Ultimately, this is going to come down to the individual. There are some very nice perks for the card if you are a regular Cabela’s or Bass Pro Customer. Having reduced interest rates, access to special offers, and the ability to earn extra points with Cabela purchases is a great feature. That said, the overall spending outside of Cabela’s is not stellar and other cards can provide a much better return. Customers will only earn a cash back equivalent of 1% on all other purchases. There are better daily spending options but if this is your primary card and you meet the $25,000 spending threshold, the 5x points for CLUB Black members is a nice benefit.
cabelas.com/activate (Activating and Setting Up Your New Account)
cabelasclub.capitalone.com (Managing Your New Account With Capital One)