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Regular Contributor
Posts: 175
Registered: ‎05-25-2015
0

Cabela's Announcement

Well folks, here it is....

 

http://www.cabelas.com/custserv/custserv.jsp?pageName=TommyLetter

 

"We announced that Cabela's will merge with Bass Pro Shops and, upon closing of the transaction, will begin a multi-year partnership with Capital One whereby Capital One will exclusively service the Cabela's CLUB Visa card."

In the garden via credit freeze since 4/14/2016.
27 cards and counting. Newest card: BCE. Last card on my wishlist is the Marvel Card
(was Sams Club MC but Marvel fits my needs better.)
4/16 Scores: EQ 669, TU 669, EX 664
Valued Contributor
Posts: 1,342
Registered: ‎01-09-2015
0

Re: Cabela's Announcement

Thanks for sharing...but wasn't this information shared quite some time ago?  It seems like we've known that Bass Pro is buying Cabelas and Capital One is getting the CC portfolio for at least 6 months.

Regular Contributor
Posts: 175
Registered: ‎05-25-2015
0

Re: Cabela's Announcement


happypill wrote:

Thanks for sharing...but wasn't this information shared quite some time ago?  It seems like we've known that Bass Pro is buying Cabelas and Capital One is getting the CC portfolio for at least 6 months.


This is the first official announcement that I'm aware of. Prior to this it could have changed. Also, I think this is the first mention of what will happen to the rewards program.

In the garden via credit freeze since 4/14/2016.
27 cards and counting. Newest card: BCE. Last card on my wishlist is the Marvel Card
(was Sams Club MC but Marvel fits my needs better.)
4/16 Scores: EQ 669, TU 669, EX 664
Community Leader
Valued Contributor
Posts: 1,952
Registered: ‎02-28-2015
0

Re: Cabela's Announcement


points0903 wrote:

happypill wrote:

Thanks for sharing...but wasn't this information shared quite some time ago?  It seems like we've known that Bass Pro is buying Cabelas and Capital One is getting the CC portfolio for at least 6 months.


This is the first official announcement that I'm aware of. Prior to this it could have changed. Also, I think this is the first mention of what will happen to the rewards program.


Thanks for sharing. Smiley Happy

Gardening till December 2017
AMEX Platinum NPSL| BCP| AMEX ED| BBVA NBA AMEX| Venture| QS| BoA Cash Rewards
Valued Contributor
Posts: 1,312
Registered: ‎02-16-2016
0

Re: Cabela's Announcement


happypill wrote:

Thanks for sharing...but wasn't this information shared quite some time ago?  It seems like we've known that Bass Pro is buying Cabelas and Capital One is getting the CC portfolio for at least 6 months.


Sort of. Capita One wasn't able to directly buy the CC business, actually Synovus is buying WFNB and THEN selling the CC portfolio to Capital One, or something to that effect...    THere was some sort of a regulatory issue with Cap One purchasing the whole thing.. 

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Established Member
Posts: 19
Registered: ‎03-01-2014
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Re: Cabela's Announcement

so I guess I have never experienced something like this with any of my credit cards before. I am assuming my credit card will remain the same as far as SL, APR, etc etc, with the exception that it will be serviced by cap one now? Or am I wrong?

NFCU Cash Rewards VISA-$14k NFCU Go Rewards VISA-$10k
NFCU Nrewards MC $14k Cabelas Club VISA-$3k
Menards Big Card- $1k Military Star Card-$5250
Discover IT-$3k/ Gardening until 06/22/2015
Current Scores 6/21/14
TU-707 EX-716 EQ-707 Goal-750 all across the board.
Regular Contributor
Posts: 175
Registered: ‎05-25-2015

Re: Cabela's Announcement


huntnfishnguy09 wrote:
so I guess I have never experienced something like this with any of my credit cards before. I am assuming my credit card will remain the same as far as SL, APR, etc etc, with the exception that it will be serviced by cap one now? Or am I wrong?

I really, really, hope so but I'm not sure either. Hopefully they won't make any changes because I know Cap One isnt my biggest fan....

In the garden via credit freeze since 4/14/2016.
27 cards and counting. Newest card: BCE. Last card on my wishlist is the Marvel Card
(was Sams Club MC but Marvel fits my needs better.)
4/16 Scores: EQ 669, TU 669, EX 664
Established Member
Posts: 19
Registered: ‎03-01-2014
0

Re: Cabela's Announcement

That makes two of us, they denied me for the venture card of theirs just recently. My cableas card is by far my most used card so I'm a bit nervous as to what might happen...

NFCU Cash Rewards VISA-$14k NFCU Go Rewards VISA-$10k
NFCU Nrewards MC $14k Cabelas Club VISA-$3k
Menards Big Card- $1k Military Star Card-$5250
Discover IT-$3k/ Gardening until 06/22/2015
Current Scores 6/21/14
TU-707 EX-716 EQ-707 Goal-750 all across the board.
Highlighted
Valued Contributor
Posts: 1,937
Registered: ‎02-05-2016
0

Re: Cabela's Announcement

The only changes I see coming is your CLI's will drop from $1k's to $150 and most will just be flat out denied. The classic tier will almost certainly be a builder card and get an Annual Fee. You will also have the option to upgrade your card from a Cabela's Visa to a Cabela's Visa. So, you have that going for you. 


TCL 100k / UTIL 25% = $25,510
Experian: 684 (34) | TransUnion: 701 (35) | Equifax: 704 (7)
Gardening as of: 5-9-2017
Updated 5-20-17

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