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Cabela's CLUB Mastercard® Review: Only for Cabela's Biggest Spenders

Updated
Lyle Daly
Steven Porrello
By: Lyle Daly and Steven Porrello

Our Credit Cards Experts

Ashley Maready
Check IconFact Checked Ashley Maready
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

If you enjoy the outdoors, chances are you've heard of Cabela's. The company sells all kinds of supplies for hunting, fishing, camping, and everything in between, and you can make purchases through its site, catalogs, or one of its massive stores.

For Cabela's enthusiasts, you might be wondering if it's worth getting the Cabela's CLUB Mastercard®. True, the card earns points for use at Cabela's or Bass Pro Shop stores. But like other store credit cards, this one has some drawbacks you should know about before you apply.

Full Cabela's CLUB Mastercard® review

Top perks

No annual fee

The Cabela's CLUB Mastercard® is a no annual fee card, so you can carry it free of charge.

Up to $50 CLUB Points bonus

When you're approved for the card, you have the chance to get up to $50 in CLUB Points. Here's how it works:

  • Get $20 instantly. Upon approval, you'll get $20 in CLUB Points that you can use toward any Cabela's or Bass Pro Shop purchase.
  • Get $10 after two Cabela's or Bass Pro Shop purchases. These purchases have to be made within 30 days of account approval. They also have to be made on two separate visits.
  • Get $20 after five purchases on your card. Finally, you can get another $20 in CLUB Points if you make five purchases on your Mastercard within 30 days of account approval.

To be sure, $50 is nowhere near what the best sign-up bonuses offer, but at least you can get some quick, easy rewards.

Up to 2% back

This card earns 2% back on purchases at Cabela's, Bass Pro Shops, and participating Cenex® locations. It earns 1% back on other purchases. Just like the card's introductory bonus, the rewards earned are CLUB Points that can be used with Cabela's or Bass Pro Shops.

Up to 5% back through upgrade opportunities

The first Cabela's credit card you can get is the Cabela's CLUB Mastercard® Classic, but there are also two upgrades available if you spend enough:

  • Cabela's CLUB Mastercard® Silver: Requires $10,000 in annual spending using your Cabela's credit card. Earns 3% back on purchases at Cabela's, Bass Pro Shops, and participating Cenex® locations.
  • Cabela's CLUB Mastercard® Black: Requires $25,000 in annual spending using your Cabela's credit card. Earns 5% back on purchases at Cabela's, Bass Pro Shops, and participating Cenex® locations.

There is a credit history review required for these cards, so you're not guaranteed a new card just for spending enough.

Low APR for Cabela's and Bass Pro Shops purchases

You're charged an APR of just 9.99% for purchases at these stores. It's still better to pay your credit card bill in full and avoid interest entirely. But if you need some extra time, a 9.99% APR is much lower than you'd get with most other credit cards.

Access to special events

Cabela's offers two types of events throughout the year exclusively for its cardholders (and cardholders of Bass Pro Shops credit cards). There are Signature Outdoor Adventures, which are hunting and fishing trips to destinations around the world, and Experiences, which are behind-the-scenes events with popular brands in the outdoors industry.

You typically need to be in the Silver or Black spending tiers to get access to these events. There's also a fee to participate, with activities generally costing several thousand dollars or more.

Alternatives to consider

  • If you want to earn more rewards to fuel your scouting trips: Driving around to scout out good hunting and fishing spots isn't cheap, and you need to pack your own food. That's where the Blue Cash Preferred® Card from American Express comes in, with up to 6% cash back at U.S. supermarkets on up to $6,000 in purchases per year and 3% cash back at U.S. gas stations, plus several other useful bonus categories (terms apply).
  • If you want a bigger sign-up bonus: The Discover it® Cash Back matches all the cash back you've earned at the end of your first year. This sign-up bonus is only available during the first year and for new cardholders, but it can be particularly lucrative since the match is unlimited.

Read more: Best Credit Cards for Online Shopping

As of Nov. 27, 2023
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Blue Cash Preferred® Card from American Express Discover it® Cash Back
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Welcome Offer: Circle with letter I in it. Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

$250

Welcome Offer: Circle with letter I in it. N/A

Discover will match all the cash back you’ve earned at the end of your first year.

Rewards Program: Circle with letter I in it. 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations. 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.

1%-6% Cash Back

Rewards Program: Circle with letter I in it. Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.

1% - 5% Cashback

Intro APR:

Purchases: 0%, 12 months

Balance Transfers: 0%, 12 months

Intro APR:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular APR:

19.24%-29.99% Variable

Regular APR:

17.24% - 28.24% Variable APR

Annual Fee:

$0 intro annual fee for the first year, then $95.

Annual Fee:

$0

Highlights:

  • Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%. Variable APRs will not exceed 29.99%.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations.
  • 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
  • Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That’s $10 in statement credits each month. Enrollment required.
  • Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
  • Terms Apply.

Highlights:

  • INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
  • Redeem your rewards for cash at any time.
  • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
  • Get a 0% intro APR for 15 months on purchases. Then 17.24% to 28.24% Standard Variable Purchase APR applies, based on credit worthiness.
  • No annual fee.
  • Terms and conditions apply.
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What could be improved

Rewards rate

The Cabela's CLUB Mastercard® earns a lackluster 2% unless you spend enough to get the Silver or Black versions of the card. In contrast, several store credit cards earn 3% to 5% at their issuing stores from the beginning.

Must redeem rewards for purchases

A common flaw with store credit cards is that their rewards can only be used for purchases from that store. This can save you money on purchases you were going to make anyway, but it doesn't help if you don't need to buy anything from Cabela's or Bass Pro Shops. Cash back credit cards tend to be a better choice compared to store cards, because they offer rewards you can use no matter where you shop.

Can't double dip with the Outdoor Rewards® program

Another way to earn rewards at Cabela's and Bass Pro Shops is to join the retailer's Outdoor Rewards® program. As a member, you'll earn 2% back on purchases made at those locations, just like you would by using the Cabela's CLUB Mastercard®.

Here's the problem -- the Cabela's CLUB Mastercard® and the Bass Pro Shops Outdoor Rewards® program don't work together to give you more rewards. You'll always earn 2% back, even if you try to use them together. It would actually be better to use a different rewards credit card not affiliated with Cabela's and be a member of the Outdoor Rewards® program. That way, you'll earn rewards both on the credit card and with Cabela's on the same purchase.

Read more: Best Store Credit Cards

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

There's no guarantee of approval regardless of your credit score, and there's also a chance that you could be approved with a lower credit score. Aside from considering your credit score, credit card issuers generally review your credit history, income, and current debt as well.

This credit card is right for you if:

We recommend the Cabela's CLUB Mastercard® to one very specific type of consumer -- a person who is going to use the card for all their expenses and wants access to the experiences and other offers Cabela's has for its cardholders.

For everyone else, the Cabela's CLUB Mastercard® gets a hard no. There are plenty of cash back cards that can earn you more back on your spending, and that's before you consider how you can use those cash back cards with a Cabela's CLUB REWARDS membership to double up on your rewards.

Our credit card methodology

At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.

FAQs

  • You can use the Cabela's CLUB Mastercard® anywhere Mastercard is accepted.

  • Yes, the Cabela's CLUB Mastercard® can help to build credit, as with any credit card. The card issuer, Capital One, reports card activity to all three consumer credit bureaus. If you use the card regularly and pay the bill on time, it can improve your credit score.

Our Credit Cards Experts