Capital One Pays $200 Million for Cabela’s Credit Card Division

Capital One Pays $200 Million for Cabela’s Credit Card Division

November 30, 2016         Written By Natalie Rutledge

Capital One has agreed to pay $200 million for Cabela’s credit card division after the retailer’s sale to Bass Pro Shops is finalized.

The bank disclosed the purchase price to the federal Office of the Comptroller of the Currency, according to a report in The Lincoln Journal Star. This price reflects the difference between the assets and liabilities the Cabela’s credit card division will hold when it is purchased by Bass Pro.

Bass Pro and Cabela’s are rival outdoor recreation retailers. They reached a $4.5 billion deal in October, and at that time, both retailers said Capital One would eventually acquire Cabela’s credit card portfolio.



The information contained within this article was accurate as of November 30, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at natalie@lowcards.com
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