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Review of the Cabela's Club Visa Card
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The Cabelas Club Visa Card was last reviewed on : 9th September 2006
Summary - The Cabela's Club Visa Card is a retail reward credit card designed for the Cabela Club frequent traveler or shopper. Find out more about this card.
Reward Formula - You earn two points for every dollar you spend on Cabela's purchases and one point for every dollar you spend on other purchases. You can earn unlimited points and they do not expire as long as your account is in good standing. You can redeem your points anytime for Cabela's merchandise. New cardholders get 1,000 points.
Fees and Rates - There is no annual fee for the Cabela's Visa. There are a few aprs to be aware of. Firstly, the apr for Cabela's purchases is a fixed rate at 9.99%. The purchase apr for non-Cabela purchases is prime rate plus 7.99%, but the apr cannot go lower than 12.99%. The apr on balance transfer is higher at prime rate plus 11.99%. The Cabela's Visa Card uses the averege daily balance method for computing balances and has a grace period of 20 days.
Verdict - The Cabela's Club Visa will appeal to frequent users of Cabela's Club's travel services and stores. It has a decent reward program which allows you to earn double points, unlimited points which do not expire. You ara also charged a lower apr for Cabela's purchases.
If you want a more well-rounded reward credit card that has
Cabela's reward, you should consider a reward credit card has the WorldPoints program.
The WorldPoints program has Cabela's gift certificates as part of their rewards (which includes travel, shopping and cash rebates). You may want to check out the Bank of America WorldPoints™ Platinum Plus™ MasterCard® Credit Card.
Positives
No annual feeEarn double points on Cabela's purchasesEarn unlimited pointsPoints do not expire as long as account is in good standing
Negatives
Different apr for non-Cabela purchases
| Cabela's Club Visa Card |
| Reward Benefits |
| Bonus Points |
1,000 points |
| Reward Formula |
Earn 2 points for every $1 spent on Cabela purchases
Earn 1 point for every $1 spent on other purchases |
Caps on Points |
Earn unlimited Points |
Point Expiry |
Points do not expiry as long as account is in good standing |
| Other Benefits |
| See statement online |
| Cost/Fees/Interest rates |
| Introductory rate |
No introductory apr |
| Annual Fees |
No annual fee |
| Purchase APR |
Fixed rate - 9.99% for Cabela purchases
Prime Rate plus 7.99% for other purchases (min is 12.99%) |
| Balance Transfer APR |
Prime Rate plus 11.99% |
| Cash Advance APR |
Prime Rate plus 11.99% |
| Penalty/Default Rate APR |
Prime Rate plus 14.99% or 18.99% |
| Min Finance Charge |
$0.50 |
| Grace Period |
20 days |
| Balance Calculation Method |
Average Daily Balance (including new purchases) |
| Minimum Balance |
Greater of 2.5% of balance or $10.00 |
| Cash Advance fee |
3% of cash amount, min $6.00 |
| Over-the-credit-limit fee |
$35.00 |
| Late Payment fee |
$15.00 - up to $300
$35.00 - more than $300 |
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