Whether your choice of outdoor activities involves a fishing pole and waders or sporting clays and shotgun shells, you may want to take note of this outdoor retailer news — Bass Pro Shops is set to acquire Cabela’s, according to a press release issued Monday.
This approximately $5.5 billion deal will merge Cabela’s, Bass Pro Shops and White River Marine Group, a boating company that is part of Bass Pro Shops.
But don’t rush out to use your rewards or certificates just yet. For the most part, this buyout isn’t expected to affect how you shop or the rewards you get for doing so.
According to the merger announcement, “All Cabela’s CLUB points and Bass Pro Shops Outdoor Rewards points will be unaffected by the transactions and customers can continue to use their credit cards as they were prior to the transaction.” The press release also noted that the loyalty programs at both stores will remain the same, but said there is “potential over time to expand the program in the combined company.”
Part of the announcement included news that Bass Pro Shops is launching a credit card partnership with Capital One. An email from a Capital One spokesperson said “the Capital One transaction isn’t expected to close until the first half of 2017 and is subject to the concurrent closing of Bass Pro Shops’ acquisition of Cabela’s,” however.
The spokesperson also noted that “it’s business as usual for Cabela’s customers.” So, whether you’re looking to add some lures to your tackle box or get a new camo duck blind, you should have the experiences at both Cabela’s and Bass Pro Shops that you’re accustomed to.
Getting a Store Credit Card
No matter what gear you need for your next outdoor adventure, it’s important to remember that applying for a store credit card is an important financial decision and shouldn’t be made lightly. If you are a frequent shopper at either (or both) of these stores, it’s a good idea to look at their reward offerings that accompany the card and see if it’s worth signing up for one, or if you could get better perks with a standard rewards credit card.
Either way, it’s a good idea to review your credit before applying for new plastic (you can see a free snapshot of your credit report, updated every 14 days, on Credit.com) so you have an idea of the terms and conditions you’re eligible for.
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Image: Susan Washinski
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