LAST EDITED ON Feb-22-04 AT 04:19PM (MST)[p]I have been using the Cabelas visa for a several years and it is a great deal if you do it right. I use mine for my business and charge anywhere from $5-10,000 per month. Each dollar charged is one point and is worth 1% (in other words a penny). You get $1 credit for every $100 charged, $10 for $1000, and $100 for every $10,000. Therefore, I get anywhere from $50-100 each month I use it.
Here is the catch. Don't do this unless you pay on time and pay if FULL every month. Otherwise you lose, money wise.
If you pay late, there is a $25 late fee and of course the interest also kicks in.
I pay on time and pay the full balance EVERY month, so this Cabelas credit doesn't cost me ANYTHING!!!
Other people that I know don't use it for business, but they use it for everyday expenses instead of writing a check. THE KICKER IS THAT YOU SHOULD ONLY USE IT FOR EXPENSES YOU WOULD BE PAYING ANYWAY, AND YOU NEED TO BE SURE THAT YOU CAN PAY THE BALANCE OFF EVERY MONTH. They use if for groceries, gas, etc. Everything that will let you use it. That way you build up points faster.
Remember, it takes $10,000 to get a $100 credit, and it will COST you $100 very quickly if you don't pay off the balance and the interest kicks in.
All in all, it is a great deal if used wisely.
txhunter58
venor, ergo sum (I hunt, therefore I am)