Comparison of Credit Cards By Major Outdoor Sporting Goods Retailers
You’ve got to admit, the outdoors retailers have way better credit card designs than any bank! From mountainous sunrises to fish scales, they make shelling out the dough a little easier with a reminder of the great outdoors. Used responsibly, they also come with many perks and practical benefits. Here’s how they stack up.
To kick this off, here’s a little bit about why and how credit cards can boost your credit rating, help manage your finances, and pros and cons versus other forms of payment.
Why get a store credit card?
There are many other practical reasons and perks that come from owning a good credit card, as long as you use it responsibly. What we mean by that is, try to avoid carrying a balance with a high interest rate, which can offset the rewards and other benefits you can get by using credit cards.
When compared to a debit card, a credit card offers much more security. Your accounts are being closely monitored by credit card companies for fraud, and you can easily dispute inauthentic charges, which won’t be your responsibility. On the other hand, it is much more difficult to recover stolen funds if your debit card gets hacked or stolen, and your bank account drained.
This phenomenon is getting worse, as many retailers now have “bypass” buttons, so you don’t need to use your PIN – making it easier for thieves to use your so-called-secure debit card. At the same time, some banks, but not all will take responsibility for fraudulent charges – so guard your debit card (and checking account numbers) as closely as you can.
Another benefit of owning a credit card is it will come in handy in case of an emergency – car breakdown, medical expense not covered by insurance, etc. – assuming of course you pay it off / down and keep some capacity on it.
It is smart to keep a separate card designated for emergencies, as just keeping in mind you have an emergency credit card is with you is always a relief. The other awesome thing about this approach is that it will boost your credit rating – the rating agencies really like it when you show approved credit that you haven’t used.
Of course, this is important if you want to buy something that requires a loan, like a car, truck, or maybe a house. Your credit score matters, and it is determined by a number of things including your payment history, the length of your credit history, and the amount you owe in the moment. You will get a more favorable rate if your credit card use is responsible.
Which is the best store credit card? Which is the best store credit card to build credit? Which credit card should you pick?
No matter if you’re a ski bum or a gear junkie, for every dollar you put toward your gear, there’s a credit card that rewards you. You are leaving money on the table if you are not using a credit card which rewards you for spending money on the things you care about. Having the right credit card is very much like having the right tool for the job.
There are so many different credit cards you can choose from, and it leaves many shoppers left wondering which one’s are actually worth getting. In this article we’ll take some of the mystery out of this.
How should you approach using a credit card? Which retail credit cards are easy to get approved? Which store cards are meant for people with bad credit?
First and foremost, keep in mind that a credit card is actually a short-term loan, and depending on your credit rating, can carry anywhere from a reasonable to very high interest rate. When you make a purchase with a credit card, money comes out of your credit card institution’s account, opposed to making a purchase with a debit card where money comes out of your own bank account directly.
Some people shy away from using shopping cards, due to the fact they feel they can’t trust themselves enough to not overspend. The problem is, not using a credit card responsibly will prevent you from many benefits from rewards to a higher credit rating. So, if you stick to your plan and are diligent and responsible for how much money you will be spending, and paying it down or preferably off every month, everything should be just fine.
This table compares the various features and rates of credit cards offered by major outdoor sporting goods retailers, which are covered in more detail below.
Note that this list isn’t a comprehensive list of credit cards and their offers, but is rather a selection of cards that stand out to us as smart choices for sporting goods consumers and people looking to maximize their credit card perks if you shop frequently at one of the major sporting goods retailers. In addition to the dedicated outdoors sporting goods retailers, we’ve included two general retailers because they actually rank among the largest outdoor gear retailers just because of the volume they move.
Issued through Chase, the Amazon Prime Rewards Signature Card offers: 5 percent back on all purchases made on Amazon and at Whole Foods, 2 percent back at gas stations, drug stores and restaurants, together with 1 percent on all other purchases.
The Amazon Prime Rewards Visa Signature Card is issued through Chase, and when you sign up you get a $70 gift card as a bonus.
You can use it outside the United States without paying extra due to the fact there is no foreign transaction fee. Its users also receive extra benefits from the Visa Signature Luxury Hotel collection, alongside some travel coverage and a damage waiver on auto rentals.
Although the Amazon Rewards Visa Signature Card doesn’t have an annual fee, it is exclusive for those who pay for Prime membership, that costs $119 per year.
The reason why many customers decide the membership is worth the cost is mostly because Prime offers two-day shipping on Amazon goods. If you think that the Prime membership isn’t worth it, you can nevertheless qualify for the Amazon Rewards Visa Signature card, which is similar to the Prime Rewards card. The difference between the two is that the Amazon Rewards Visa Signature Card offers only 3 percent back at Amazon.com and Whole foods, and instead of the $70 gift card bonus you get a $50 gift card bonus.
The annual percentage rate is from 16.24% to 24.24% percent based on your credit score.
The due date for paying interest on purchases is a minimum of 21 days after the close of each billing cycle. Amazon doesn’t charge your interest on purchases when you pay your entire balance by the due date each month.
If you use the Bass Pro Shops Outdoor Rewards Credit Card to purchase things at Bass Pro Shops you will earn 2% back in CLUB points on purchases at Cabela’s and Bass Pro Shops and 1% back in CLUB points on purchases anywhere else where Mastercard credit cards are accepted.
The downside is all the rewards you earn through this credit card can only be used at Bass Pro Shops. Although it isn’t a very good credit card for your everyday use, it can be of great help for those who shop often at Bass Pro Shops.
The Bass Pro Shops Outdoor Rewards Credit Card doesn’t come with a sign-up bonus.
The card doesn’t have an annual fee and the regular annual percentage rate is 9.99% on Cabela’s and Bass Pro Shops purchases, and 16.99% to 25.99% on all other purchases.
The Cabela’s CLUB Mastercard is for customers who want to earn points that they can regain at the store or at Bass Pro Shops, which acquired Cabela’s in 2017.
By owning a Cabela’s CLUB Mastercard you get two points per $1 on all purchases at Cabela’s, Bass Pro Shops, participating Cenex convenience store, and Bass Pro Shops resorts and restaurants, and one point per $1 on all other spending.
There is no annual fee, and you get 2,500-point bonus which is worth $25 at Cabela’s after the approval. After making five purchases within the first 30 days, you get a 1,000-point bonus worth $10 at Cabela’s.
With the L.L.Bean Mastercard you will earn 4% cash back for in-store purchases, and 2% back at restaurants and gas stations, and 1% anywhere else. Alongside that, you will also get free shipping and returns, exclusive sales and offers at L.L.Bean, free monograming, and earn “Bean Bucks” to put towards discounts on future purchases.
There is no annual fee and you get a 25% discount on your first purchase with the card (increased recently from 15%).
Even better, L.L. Bean holds occasional promotions, where any purchase through their website or to their customer service center can be heavily discounted with a promo code, for example a recent promotion was 25% off – anything! To catch these however you must monitor their website (sometimes posted on the credit card website not the regular ordering website), and already have a card approved and in your possession.
The Orvis Rewards credit card offers 3 points for every $1 spent at Orvis Stores and 1 point per every $1 spent anywhere else where Visa is accepted.
The owners of the Orvis Credit Card also get free shipping and $50 gift on spending $1,000 on the card within the first two billing cycles. Alongside the $50 girl, a $25 Orvis Reward gift carded is handed to every cardholder that accumulates up to 2,500 points.
There is no annual fee charged and the normal annual percentage rate is 20.99%.
For a person to apply and get approval for the Orvis Credit Card, they must be at least 18 years old, they must have a valid SNN, a clear credit history, have a government issued photo ID and they must be a U.S. citizen.
The REI Credit Card has a 5% return on purchases with REI, and a 2% retard on grocery purchases. However, this card is not good for everyday use because of the 1% reward rate on all other purchases.
It is not an idea to get it for the discount they give you due to the fact that the REI Credit Card has no annual fee.
The biggest problem people have with the REI Credit Card is that you can receive your rewards only once a year. The annual dividend that REI issues to its award members can be used for a number of things. You can either use it to make purchases at REI locations immediately, or trade it in for cash or checks.
On the other hand, you can make this a great annual shopping spree and replace items you’ve lost to wear and tear, or just upgrade your gear.
If you are an adventurer or traveler, take notice that the REI Credit Card comes with a foreign transaction fee of 2% to 3%. You will be charged a 2$ fee if you make a purchase abroad in U.S. dollars. Purchases in foreign currencies will cost you 3% of the transaction amount.
The regular annual percentage rate is 12.74% – 24.74%. You can also get a $100 gift card when you get approved for the REI credit card and purchase something within the first 60 days of your account opening.
If you spend a lot on money on outdoor gear you might want to take advantage of REI’s Credit Card, no-question-asked return policy.
You also must be a member of REI’s rewards program in order to get the card, which requires of a one-time $20 donation.
Walmart has two branded credit cards that offer lots of perks for those who shop regularly at Walmart in store and online, as well as those who get their gas tanked at Murphy USA and Walmart gas stations.
With the annual of $0, Walmart offers the Walmart Credit Card, which is a store card that can only be accepted at Walmart.com, Walmart, Sam’s Club and Murphy USA gas stations, as well as the Walmart Mastercard, which is a card accepted anywhere that takes Mastercard.
Both of the Walmart credit cards have the same rewards program, you get 5% cash back on purchases you make at Walmart.com, including items you ordered and the picked up from the store. You get 2% cash back on purchases from Walmart and Murphy USA gas stations. Lastly, there is a 1% cash back on all other purchases.
How the rewards program works is that you get all cash back in the form of credit on your next statement. So, if, for example, you earned $5 in rewards one month, you will receive $5 credit when you get you next month’s statement.
There is also a sign-up bonus, the cards offer 10% off your first purchase, and up to a maximum of $25. The purchase has to be made online if you applied online.
The annual percentage rate is 26.99%, depending on your credit.
The usual main benefit of a store-branded card is the extra rewards you get for actually shopping at their stores, benefits that Walmart’s credit cards don’t give you and many people consider it the biggest problem. Additionally, if you’re a person who shops online another problem you might find is the rewards rate when you shop on their site vs in real life. Namely, there is 3% rewards rate that is available
Extra: Credit Card Multi-Tools
Just for fun, if you haven’t seen how much they’ve fit in a credit-card sized multi-tool these days, you’ll be amazed. Check out these multi-tools that’ll fit in your wallet right next to your brand new credit card: