The Cabela's Credit Card regular APR can be anywhere between 19.49% to 31.24% (V), based on creditworthiness. However, Cabela’s and Bass Pro Shops purchases will accrue interest at a rate of just 9.99%. In addition, Cabela's Credit Card also charges a 31.24% (V) cash advance APR.
Here are the Cabela's Credit Card APRs:
Regular APR: 19.49% - 31.24% (V), based on creditworthiness.
Cabela’s and Bass Pro Shops APR: 9.99% for Cabela’s and Bass Pro Shops purchases.
Balance transfer APR: Balance transfers are subject to approval and can either accrue interest at the regular APR, or promotional offers may be made available to select cardholders.
Cash advance APR: 31.24% (V), accruing immediately, with no grace period.
To get an idea of how much your Cabela's Credit Card regular APR is going to be, keep in mind that the average credit card APR for people with good credit is 21.2%. On the other hand, people with excellent credit have a regular APR of 15.16%, on average.
One way to lower the interest rate on a Capital One credit card is to call customer service and try to negotiate a reduced rate. Alternatively, if your financial situation is especially dire, Capital One offers a credit card hardship program.
More info on how you may lower a Capital One credit card interest rate:… read full answer
Calling customer service. Once you’re connected to a representative who can negotiate your interest rate, state your reason for seeking a reduced APR. If you’re suddenly having trouble making your payments, you could mention your past stellar credit history, if applicable. Or you might want to note your loyalty to the company if you’ve had their card for a long time. Speak politely but be persistent when you negotiate.
Apply for the hardship program. Call customer service and ask about the hardship program if you think you may qualify. Through this program, Capital One may waive the interest on an account to allow the customer to catch up on payments. The timeframe varies depending on the customer’s situation. However, these programs are limited to customers with significant hardships such as a job loss or medical emergency. Simply not paying the bill for several months does not count as a hardship.
Transfer your balance. The best way to lower the interest rate on a Capital One credit card is to transfer the balance to a 0% APR card from a different credit card company. You’ll need good or excellent credit to qualify for a good deal, but you could save a nice chunk of change.
Given that Capital One is not in the business of reducing interest rates out of charity, you’re unlikely to be successful unless you can somehow show Cap 1 that they’ll get more money from you in the long run with a reduction. So it’s good you have options.
A credit score of at least 700. So, you need good credit or better for approval.
More income than your monthly expenses.
Age of 18+
Must be either a U.S. citizen or a permanent resident.
Relatively low debt.
You need a Social Security Number or an Individual Taxpayer Identification Number.… read full answer
Keep in mind that a Cabela's Credit Card application will result in a hard pull on your credit report, which may lower your credit score for a short period of time. So, make sure you check your credit score to get a better sense of your approval odds before applying.
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