Cabela Master Card: Rewards and Benefits Explained

The Cabela Master Card offers a rewards program that's designed to give back to outdoor enthusiasts. Cardholders earn 1% cash back on all purchases, plus 5% cash back on purchases made at Cabela's and Bass Pro Shops.

One of the best benefits of the Cabela Master Card is the opportunity to earn cash back rewards. Cash back rewards can be redeemed for statement credits, checks, or even gift cards to Cabela's and Bass Pro Shops.

The Cabela Master Card also offers a sign-up bonus, which is a great way to get started with earning rewards. This bonus can be earned by spending a certain amount of money within the first few months of card ownership.

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The sign-up bonus on the Cabela's CLUB Mastercard is nothing special – only worth up to $60 in points – but the spend threshold is moderately easy to reach. You earn your first $20 in points immediately upon approval, an extra $20 after 2 Bass Pro Shops or Cabela’s purchases within 60 days of account approval, and $20 more after 3 purchases anywhere else Mastercard is accepted within 60 days of account approval.

For more insights, see: Master Card Pre Approval

To give you a better idea of the spend thresholds, here's a quick rundown:

The higher you climb the membership tiers, the more rewards you'll earn. However, it's worth noting that advancing to those higher tiers won't be easy for most, requiring significant annual spending at Cabela's.

The sign-up bonus on some credit cards can be a great way to earn rewards, but it's not always a guarantee. The Cabela’s CLUB Mastercard has a sign-up bonus that's worth up to $60 in points.

You earn $20 in points immediately upon approval, which is a nice boost. This is a decent starting point, but it's not the most generous bonus out there.

To earn the full $60, you need to make some purchases within 60 days of account approval. You'll get an extra $20 after 2 Bass Pro Shops or Cabela’s purchases, and another $20 after 3 purchases anywhere else Mastercard is accepted.

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You can earn more rewards as you spend more with Cabela's Club membership tiers. The rewards get better with each tier, but you'll need to meet certain spend thresholds to advance.

The Classic card is the starting point, offering 2:1 rewards on Cabela's purchases. This is the same earning rate as Cabela's CLUB members and Cabela's CLUB Classic Mastercard holders.

To reach the Silver tier, you'll need to spend $10,000 per year. This gets you 3:1 points on your Cabela's purchases.

The Black tier requires an even higher spend threshold of $25,000 per year, but it's worth it for the 5:1 rewards.

Here's a breakdown of the membership tiers and their corresponding earning rates:

Redeeming points is a breeze with the Cabela’s CLUB Mastercard. You can instantly redeem your points at the time of purchase with your CLUB Rewards card.

Unlike many store credit cards, Cabela’s points don't expire. You can use them at your convenience.

Points can be stacked with other coupons and discounts, making your purchases even more affordable. I've seen people save a significant amount by combining points with in-store sales and online promo codes.

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The Cabela Mastercard offers a range of card features and pricing options to suit different needs.

You can choose from a variety of card types, including the Cabela Mastercard, the Cabela Rewards Mastercard, and the Cabela Cash Rewards Mastercard.

The Cabela Mastercard has a 0% introductory APR for 6 billing cycles, giving you time to pay off purchases without interest. The regular APR is 25.99% variable, which is higher than some other credit cards.

With the Cabela Rewards Mastercard, you can earn 5% cash back on gas, groceries, and other qualifying purchases, up to $1,000 in combined purchases per quarter.

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Cabela's points are worth one cent each, which is comparable to other rewards programs.

You can instantly redeem your points at the time of purchase with your CLUB Rewards card, which is a more flexible redemption option than many store credit cards.

One cent may not seem like a lot, but it can add up over time, especially when combined with other coupons and discounts.

You can stack your points with other coupons and discounts, making your purchases even more affordable.

The best part is that your points don't expire, so you can save them up and use them whenever you're ready.

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The Cabela's CLUB Mastercard has a lower APR for purchases made at Cabela's and Bass Pro Shops, which is 9.99 percent. This can be a great perk if you want to finance a larger purchase at the store and pay it over time.

However, it's essential to note that this APR is still relatively high, so financing a large purchase might not be the best option in the long run. The interest can add up quickly on a larger purchase, even with a lower APR.

One thing to consider is that the card doesn't offer a 0 percent introductory APR for the first few months, which might be more beneficial for financing larger purchases. But if you're looking for a lower APR specifically for Cabela's purchases, this card might be worth considering.

If you're not sure about the Cabela's CLUB Mastercard, there are other options to consider. The Citi Double Cash card has the potential to earn up to 2 percent cash back on every purchase.

The Power Cash Rewards Visa Signature is another alternative, but its competitive 2 percent cash back rate isn't available to all cardholders. You can boost your cash back by signing up for an Access America checking account.

The Wells Fargo Cash Wise card offers 1.5 percent cash rewards on general purchases, but it has a unique sign-up bonus that allows users to earn 1.8 percent in the first 12 months when using Google Pay or Apple Pay. It also comes with a $150 intro bonus for spending $500 in the first three months.

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Capital One credit cards can be a good choice for those who want to earn rewards on their purchases, with some cards offering up to 5% cash back on certain categories.

The Cabela Mastercard, for example, offers 5% cash back on purchases at Cabela's and Bass Pro Shops, as well as 1% cash back on all other purchases.

With no annual fee, the Cabela Mastercard is a relatively low-maintenance option for outdoor enthusiasts who shop at these retailers regularly.

However, it's worth noting that the Cabela Mastercard has a variable APR, which means that interest rates can change over time and may be high if not paid off in full each month.

Capital One credit cards often require good credit to be approved, so those with poor credit may not qualify for these cards.

To get the most out of your Cabela's CLUB Mastercard, use it for all purchases at Cabela's, Bass Pro Shops, and Cenex to boost your rewards rate.

Paying your bill in full each month is crucial to avoid high interest rates, so make sure to budget accordingly.

You can use your card at Cabela's, Bass Pro Shops, and Cenex locations to earn rewards, and it's a good idea to keep track of your spending to stay on top of your finances.