The REI Co-op World Mastercard has an offer for a $100 gift card bonus when you make your first card purchase within 60 days. That’s a decent value bonus compared to other no annual fee cards.
If you call the great outdoors home, you may enjoy the REI Co-op card. It offers a 5% rebate on REI purchases, so you can offset the cost of expensive equipment and other merchandise. On top of that, REI will make a donation to projects that restore trails, habitat and more every time you make a purchase with your card.
Not a true REI fan? Look into non-branded rewards cards instead.
*The REI Co-op World Mastercard is issued by U.S. Bank. U.S. Bank also offers great sign-up bonuses for its Checking/Savings accounts.
REI Co-op Card $100 Bonus Gift Card Offer
Take advantage of the REI Co-op card’s $100 bonus gift card offer. To qualify, charge your first purchase to your card within 60 days of card approval. There’s no spend amount or time limit to worry about.
Earning REI Co-op Rewards
Earn a generous 5% rebate on all REI purchases. Including discount merchandise, services and gift cards. You won’t get such a good deal with most store-branded cards.
You’ll also receive 2% back on mobile wallet purchases, such as Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, and LG Pay. For all other purchases, the card gives a flat 1% rebate.
Redeeming REI Co-op Rewards
The total rebate you earned in the previous year is sent with your yearly REI membership dividend in mid to late March (more on dividends later). That means all your rewards are paid out once a year.
You can redeem your rebates for:
- REI merchandise
- Checks (sent out July 1 to January 3 the following year)
- Cash (request at any time from July 1 to January 3 the following year)
You have almost two full years to redeem your REI Co-op rewards before they “expire” on January 3 of the following year. You won’t lose your rebates, you’ll just get a refund by cash or check for any rewards you haven’t redeemed.
REI Member Perks
Although the REI Co-op card itself doesn’t require an annual fee, you need to be an REI lifetime member in order to apply. The membership has a one-time $20 fee and comes with exclusive benefits, including:
- Special pricing on REI classes and Adventures trips
- Access to semi-annual REI garage sales (save 50% or more on gently used and returned gear)
As a consumer co-operative, REI’s structure is designed to give back to its members. This comes in the form of a cash-equivalent rewards program, separate from the credit card rewards program.
The percentage you get back – your dividend – partially depends on the company’s annual performance. Typically, members receive dividends equal to 10% of full-priced merchandise they purchased that year. If you spent $2,000 on full-priced outdoor equipment, you’d get $20 back.
As mentioned before, you’ll get your Mastercard rewards with your annual dividend.
The REI Co-op World Mastercard makes a decent supplementary rewards card if you’re looking to score a generous sign-up bonus and a good return on REI purchases.
With a flat 1% back on all other purchases, it’s not very rewarding as an everyday credit card. There are plenty of other cards on the market that offer a better cash back rate on everyday spending.
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