Scheels Credit Card Reviews (Unsecured and Secured Visas)
Scheels is a leading sporting goods store that encourages shoppers to spend more money with a Scheels branded credit card. There are two types of Scheels store cards available and in this guide, we’ll review both of them, comparing them to other cards on the market and seeing how they stack up.
Scheels Credit Card Review
Scheels offers two credit cards, both supplied by Visa. One is unsecured and the other is secured. A secured credit card means it is secured against a cash deposit, with the Scheels card allowing a deposit of between $550 and $5,000 in increments of $50.
The goal of secured credit cards is to improve your credit score. They are offered to borrowers with little to no credit and as all payments are reported to the three major credit bureaus, it can be used to steadily build credit. What’s more, if you keep making those payments you may be upgraded to an unsecured card, at which point your deposit will be refunded.
The unsecured Scheels Visa credit card doesn’t require a security deposit and typically has a larger credit limit.
- Annual Fee: $0
- Interest Rate: 20.99%
- Intro APR: N/A
- Unsecured Credit Score Requirement: 620+
- Secured Credit Score Requirement: No Limit
- Rewards: Cash back on unsecured Scheels purchases
- Sign-up Bonus: Bonus points with first purchase
- Perks: Quick application process; low FICO score requirements
Scheels Card Rewards Scheme
The biggest benefit of the Scheels cash rewards credit card is a rewards program that offers 5 points for every $1 spent on Scheels purchases during special events and 3 points for all other Scheels purchases. It also returns a rate of 1 point per $1 spent elsewhere, and this is true for both the unsecured and secured card.
You can also collect a bonus of 1,500 points when you make your first purchase outside of Scheels and while there is no fixed intro APR, you can get 0% APR for 7 months on purchases of more than $500. As the Scheels card is a Visa card, it also offers basic travel and purchase protection.
All reward points can be redeemed in batches of $25 for Scheels gift cards. The 1,500 bonus points are worth just $15, however, so you’ll need to earn a few more before you can unlock your first bonus.
Is the Scheels Card Right for You?
We have covered a lot of credit card offers in the past, spanning everything from Visa Signature to Mastercard and American Express. The Scheels credit cards can’t really compare to most of these and while the secured version is better than many other secured credit cards, the unsecured one doesn’t come close.
If you need to build credit and spend a lot of money at Scheels, by all means, pick up a Scheels credit card application and get your hands on a secured card as soon as you can. But if you don’t spend time or money here and have a good credit score, you’ll be better off with one of the many alternatives.
Alternatives to the Scheels Visa Card
The Scheels Visa Card looks great when compared to store credit cards but begins to look decidedly less impressive when compared to general reward credit cards. To give you an idea of what you can get elsewhere, just take a look at these generous options:
Wells Fargo Propel American Express
The Wells Fargo Propel credit card from American Express uses a points-based reward scheme and doesn’t charge an annual fee, but it won’t be for everyone.
Cardholders will earn 3 points for every dollar that they spend on travel, transport, dining, streaming services, and gas stations, along with 1 point for every dollar spent elsewhere. There are no spending limits or rotating categories and if you spend over $1,300 a month, you’ll earn over $300 in annual rewards.
New users can also collect a bonus of 20,000 points when they spend over $1,000 in the first three months, and all points can be redeemed at a value of $0.01 each, with redemption options including travel purchases, merchandise, and gift cards.
The Discover It series of cards includes travel reward cards (Discover It Miles) cash back cards (Discover It Cash) and student cards (Discover It Student). You can take your pick from all these cards to find the one that is most suited to your needs, but the Miles and Cash Back cards offer the best terms and the highest rates.
Not only can you earn up to 5% cash back on everyday purchases, but there is also a unique and very generous welcome offer whereby all your miles/points are matched for the first year.
If you earn $500 worth of cash back at the end of 12 billing cycles, Discover will give you an extra $500 for a total of $1,000! If used properly, it’s much better than the typical three-month bonus payouts offered by many other credit cards.
If your credit score isn’t high enough to get either of these cards and you’re struggling to find a reward card or store card that gives you what you need, take a look at the Discover It Secured. The Discover It Secured card has a minimum deposit of $200, which then becomes your credit limit.
The deposit is completely refundable, and the card can help you to build your credit score when it is used properly. It is also one of the few secured credit cards that offers cash back on all purchases, and while the rate is not as impressive as the aforementioned cards, it can still save you a few bucks.
Blue Cash Preferred from AmEx
The Blue Cash Preferred credit card from American Express is one of our personal favorite reward credit cards, but it’s not for everyone. Firstly, the Blue Cash Preferred has an annual fee of $95, and to secure the welcome bonus, you need to spend at least $1,000 in the first three months.
If this is more than you would usually spend, the Blue Cash Preferred card probably isn’t for you. Not only will you end up making additional and unnecessary purchases just to secure the bonus, but you likely won’t earn enough in future years to make the bonuses worthwhile.
The Blue Cash Preferred has a fixed 1% rate that applies to all non-bonus categories. However, there are a huge number of bonus categories and these offer either 3% or 6%. They include supermarkets and gas stations, and recently AmEx has also added transit purchases (taxies, rideshares, polls) and streaming services (Netflix, Hulu) to the list.