topic Re: Cabela's Mastercard Application in Credit Card Applications

Cabela's Mastercard Application

Anonymous — Mon, 22 Feb 2021 12:14:51 GMT

I am a big gun person and one of the only places selling cheap ammo is Cabela's.

They have a 5 box limit each day for normal people but 8 box for card holders.

I shoot a lot and the only way to buy ammo is to be there very early before opening so the card would be well worth it to me to snag a few extra everytime I go.

Needless to say, I want to apply for their card.

I had put some big purchases on my three cards AMEX blue cash preferred ($2k limit), Discover IT ($1.5k limit), and Chase freedom ($1.5k limit) which was around 50% usage at the time.

I no longer have that usage but assume I have to wait for around a month for my score to update.

I have a 664 TU and 661 Equifax currently (~40+ lower than it was before my high utilization).

I tried the "pre qualify" thing through capital one and it said the reason I didn't have any offered was because of too many recent cards. I applied for my Discover card in August of last year, my Chase in October and my AMEX in December and those are my only pulls on record and there's no other negative things on my account.

Do you think it would be worth a shot to apply for the Cabela's Card once my scores go up? It's "through" capital one, but are store card's rules usually different? Or should I wait even longer for the "too many new cards" message from the pre approval thing to go away or are store cards different with that?

Thanks so much!

Re: Cabela's Mastercard Application

Hex — Mon, 22 Feb 2021 21:57:58 GMT

I wish you success with your pursuit of credit. I won't comment on everything I don't like about your post because of the terms of service here.

Re: Cabela's Mastercard Application

JB2 — Mon, 22 Feb 2021 21:02:23 GMT

I don't know for sure if you would have a good shot at getting that card or not, I used to have that card before it went to Capital One and they closed it due to lack of use. Cabelas is about 40 miles away for me, I love that store but just don't go as often as I would like to.

Re: Cabela's Mastercard Application

coldfusion — Mon, 22 Feb 2021 21:43:54 GMT

The Cabelas card is a bit odd because Capital One acquired the portfolio by buying the dedicated credit card business unit from Cabelas but it was not really a true store card as it was previously issued as a Visa and then converted over to a Mastercard.

Besides the 2% value in points back on Cabelas/Bass Pro purchases there are also sporadic promos extended like 2X or 3X points or serialized (i.e. unique to each cardholder) discount coupons like $10 off a $50 purchase as well as the 9.99% APR on Bass Pro/Cabelas purchases. For some people the card could be worth it.

As for what it takes to be approved, IMO odds of a decent approval would be better if FICO scores were at least in the 690 range, 660ish is probably a bit low.

Re: Cabela's Mastercard Application

Anonymous — Mon, 22 Feb 2021 21:54:05 GMT

Ah gotcha! My fico score will go back to a 715-720 when I get my credit utilization back to low percentage. The Capital one "pre approval" thing for a few of their other cards said I wasn't pre approved because I had too many recent cards.

Could that negatively impact my application or would it not really matter?

Thanks so much!!

Re: Cabela's Mastercard Application

coldfusion — Mon, 22 Feb 2021 22:16:36 GMT

@Anonymous wrote:
Ah gotcha! My fico score will go back to a 715-720 when I get my credit utilization back to low percentage. The Capital one "pre approval" thing for a few of their other cards said I wasn't pre approved because I had too many recent cards.
Could that negatively impact my application or would it not really matter?
Thanks so much!!

Yes it would matter.

Re: Cabela's Mastercard Application

Anonymous — Mon, 22 Feb 2021 22:18:53 GMT

Ok! So your advice would be that I just wait for a bit?

Re: Cabela's Mastercard Application

coldfusion — Tue, 23 Feb 2021 02:11:38 GMT

Yes. I would suggest you wait 2-3 months and then see if you can get a preapproval on any Capital One core cards.

If you get a preapproval go ahead and apply for the Cabelas card, it wouldn't be a sure thing but your odds would be better.

Re: Cabela's Mastercard Application

woodyman100 — Wed, 24 Feb 2021 00:14:41 GMT

@Hex wrote:
I wish you success with your pursuit of credit. I won't comment on everything I don't like about your post because of the terms of service here.

You just did

Re: Cabela's Mastercard Application

Anonymous — Wed, 24 Feb 2021 05:32:07 GMT

You may not get preapproved for any Capital One credit cards through the pre-approval on their website but that's only for a few select cards anyways, it's not screening you for Cabela's. Store cards ARE different. Usually less strict underwriting/easier to obtain. I would wait a few months though and get my ULT in check then apply for it.

Also I want you to know I do support you in your quest and think you would benefit from getting the card although for me in AZ we're Bass Pro. Just don't go into debt on that quest. It will return to shelves at somepoint and that's when you stock it deep, consider it just like a monthly subscription like Netflix and you'll be fine lol. (I do hope my message abides by the terms and conditions.)

Re: Cabela's Mastercard Application

Remi1 — Wed, 24 Feb 2021 07:03:14 GMT

I completely get what you're trying to do. As for the card chances themselves, store cards are generally easier to get BUT the Cabelas card isn't just a store card - it can be used anywhere Mastercards can be used too, which is something to keep in mind and may make it subject to somewhat higher scrutiny than a regular store only card. I've looked into getting this card as well as the Rural King card which is also usable at places other than the store itself (its a Visa), but am not at a point where I want to app for new cards just yet. I also have a Kohls store card which is "through" Cap1 as well, but you wouldn't know without checking because you really don't deal with Cap1 at all with its store cards and Cap1 won't pre-approve you for it as the pre-approval (if offered) and the app process is handled through the store itself usually with store cards. Kohls website offers a pre-approval form but Cabelas from what I've seen doesn't unfortunately. I think my scores were between what yours are now and what they were before your higher utilization when I got approved for my Kohls card. I would say to err on the side of caution and wait (unfortunately) for your scores to go back up a bit and those new accounts to age a bit, especially with that utilization dropping soon, before you app to have a better chance at success, and even if you were able to get it now at least waiting that bit might help you get a higher SL with score going up before app'ing. If it goes back up to around a 715-720 like I think you said it should in one of your previous replies, score wise you'd probably be good for the store card as long as they aren't too sensitive to the new accounts or there isn't anything else negative.. As I said I don't have the Cabelas Card but just my two cents from when I've looked into it and experience with having a different Cap1 backed store card (and regular Cap1 card).

Re: Cabela's Mastercard Application

Anonymous — Wed, 10 Mar 2021 01:25:33 GMT

I have the Cabela's Capital One Mastercard and am real glad that they bought the portfolio of accounts from Bank of America. I say this because when BoA administered the Cabela's accounts, I had a real tough time trying to get approved for the card. You see, I had a bankruptcy back in 2005 (unfortunately, I had included 2 BoA accounts in the bankruptcy owing more than $10,000 on each of them). For the past 10 years, Bank of America would automatically turn me down every time I tried to apply for ANY of their accounts. I decided to try in 2017 right before Cap 1 acquired it and was STILL flat out rejected due to unsatisfactory past performance on BoA accounts. Even though my bankruptcy, as well as any accounts I had included in it, had dropped off my credit report 10 years later (which would have been in 2015..all of the other accounts fell off even before then...keep in mind, absolutely NOTHING derogatory was on my credit report when I tried to apply for the account), I was STILL rejected for the account (I guess like enemies, banks can hold grudges forever and never, ever forgive and forget and give someone a 2nd chance). I pretty much gave up on trying to apply for the Cabela's card until Cap 1 bought BoA. Well, Cap 1 welcomed me with open arms (and with a very generous credit line, UNLIKE Bank of America who WON'T even loan me a PENNY!!!) Guess that BoA is definitely NOT the forgiving type and will hold grudges against their former customers forever.