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The Cabela's credit card will give you 2% back in CLUB Points on purchases at Cabela's and Bass Pro Shops and 1% back in CLUB Points on purchases anywhere else Mastercard® credit cards are accepted. Keep in mind that points can be redeemed for Cabela's purchases only.
If you want to earn more rewards and redeem them for anything you want, consider credit cards with cash back rewards instead. For example, the Discover it® Cash Back credit card is a good option. You will earn 5% cash back at rotatating categories on up to $1,500 in purchases when you activate (you should register each quarter to earn rewards). Plus, 1% cash back on all other purchases. Also all the cash back you've earned will be matched at the end of your first year, if you are a new cardmember. You could turn $150 into $300. This card comes with no annual fee and with 0% intro APR on purchases (when the introductory interest rate is over, the ongoing APR will apply).