Review of Cabela Visa Card



The Cabela Visa Card was last reviewed on : 17th March 2005

Summary - The Cabela Visa Card is a retail reward credit card designed for the Cabela Club frequent traveller or shopper. You earn two points for every dollar you spend on Cabela 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 merchandise. As a signing bonus, you will be given 1,000 points.

There is no annual fee for the Cabela Visa. There are a few aprs to be aware of. Firstly, the apr for Cabela 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 Visa Card uses the averege daily balance method for computing balances and has a grace period of 20 days.

The Cabela Card will appeal to frequent users of Cabela 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.

Positives
  • No annual fee
  • Earn double points on Cabela purchases
  • Earn unlimited points
  • Points do not expire as long as account is in good standing


Negatives
  • Different apr for non-Cabela purchases


Cabela Visa Card
Reward Benefits
Signing Bonus 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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