Cabela’s Credit Card Involved In Store Credit Card Investigation

Credit and debit cards that are linked with specific stores and retailers, like the Cabela’s credit card, are causing more and more problems for customers.

Stores that offer in-store credit cards often offer promises of zero-percent interest. Even so, customers have found themselves owing these stores hundreds of dollars in finance charges.

Ad campaigns for cards like the Cabela’s credit card will generally promise zero-percent interest, but somewhere in the fine print add, “if paid in full.”

According to credit experts, these store credit cards are typically found through retailers that sell big-ticket items, such as furniture and appliances.

These cards usually come with deferred interest which begins adding up on the card at point of purchase.

This means that once the promotional period is over (anywhere from six to eighteen months, usually) the interest a customer is hit with has already been accumulating for months. Interest rates can be as high as 30 percent on these kinds of store credit cards.

If a customer’s Cabela’s credit card is not paid off on time after the promotional period is over, finance charges are incurred based on the full purchase amount.

Unfortunately, unsuspecting buyers may not know about these fees because they were not expecting to have to pay interest on these purchases in the first place.

However, since items purchased are typically big-ticket items, and since interest can be so high, customers may end up owing a hefty amount.

Customers with a Cabela’s credit card may have enough funds to cover a transaction when they initially make the purchase, but if the charge is incurred days later, they may not have enough money to cover the costs any longer.

This can incur a Returned Payment Fee charged by the store for insufficient funds. A Returned Payment Fee is a fee charged by the bank that owns the store card. These are different from overdraft fees.

Store credit cards like the Cabela’s credit card offer tempting perks and bonuses that regular customers do not receive, which can make the offer hard to resist. This has made these cards common practice, and more and more retailers are going this route.

However, customers from a number of these stores with in-store credit cards have discovered significant downsides in the kinds of interest and fees that can accrue unknowingly.

Retailers being investigated for potential deceptive practices include:

• Nordstrom
• Shell Saver Card
• Kohl’s
• Disney
• Sony/PlayStation
• Cabela’s
• Conn’s HomePlus
• Forest River
• Mor Furniture for Less
• Raymour & Flanigan Furniture & Mattresses

If you signed up for a store branded credit card like the Cabela’s credit card offering a zero-percent interest fee, and were later charged interest, you may be able to join a class action lawsuit investigation. Customers who were unexpectedly charged a Returned Payment Fee may also be eligible to participate.

Join a Free Store Debit Card and Credit Card Fees Class Action Lawsuit Investigation

Did you participate in a 0% interest promotion on a store-branded credit card and were charged an interest fee? Were you unexpectedly charged a Returned Payment Fee on a store-branded debit card? You may be eligible to join this class action lawsuit investigation into allegedly deceptive store card fees.

Join the Investigation Now