I totally LOVE my Cabelas card. Had it for about 3 years now. I have the black card and we pay our bill in total every month, so never paid a cent in interest, and have built up over $2K in Cabelas bucks (cash to spend at Cabelas).
And if you watch the deals, like 3X, 4X, sometimes up to 10X points on special purchases at Cabelas, you can really rack points up fast. And there is no limit on earnings or time limit to use your points. Every time I buy something in Cabelas, and I swipe my Cabelas Visa, they always tell me how many points I have and ask me if I want to use them. It is so easy!
Last time i was there, the cashier commented that i had a pretty nice awards balance and asked me what I was saving them for. I told her I didn't know yet, but would figure it out at some point. I asked her what the biggest thing she ever saw sold where the customer used just award points. She told me they had an outfitter who was a regular customer. Bought everything needed for his clients there, and jumped on every special extra point deal he could. The guy built up enough points in two years to buy a $16000 boat!