A fishing rod butt cap for use on one end portion of a multi-piece fishing rod having a base section and a rod tip section, the butt cap including an elastic member attached to the butt cap and stretchable so as to overlay and engage the rod tip when the rod tip section is positioned along the length of the base section. The butt cap may also include a slot for receiving the elastic member when not in use, and an additional opening for allowing a user to grasp the elastic member when stored in the slot. An additional elastic member is attached between the joining end portions of the base section and rod tip section for securing those end portions of the fishing rod when the rod tip section is stored along the length of the base section.
