REI Co-op Mastercard® full review

If you are the kind of person who buys a lot at REI, you should take a few minutes and read our review on the REI Co-op Mastercard®

What do I need to know about REI Co-op Mastercard®?

The REI Co-op Mastercard is the ideal retail card for customers who wish to support outdoor nonprofits while also earning points.

This is the perfect card for someone who enjoys the great outdoors because REI is a well-known brand in the outdoor clothing, apparel, and lifestyle industries.

Cardholders will also get an REI gift card after getting approved and making their first purchase with the REI Co-op Mastercard.

The REI Co-op Mastercard may be useful for regular customers of the outdoor gear business REI. At REI retail locations, on, and in the REI mobile app, this card gets 5% REI rewards and 1.5% elsewhere.

When you make your first non-REI transaction within 60 days of starting the account, you won’t be charged an annual fee and will receive a $100 gift card. You can also get a $50 annual statement credit when you use the card to pay for an REI Co-op Experience.

A one-time $30 REI Co-op membership fee is required even though the card has no yearly fee. Additionally, since rewards can only be used with REI, this card is perfect for regular REI customers.

If you enjoy hiking, camping, and canoeing as hobbies, REI might feel like your Mecca. Exclusively accessible to REI Co-op members, the REI Co-op Mastercard® accumulates REI benefits that may be redeemed in-store, online, or for REI adventure travel.

Keep reading so you can know more about this card, in order to decide if it fits you!

How do the REI Co-op Mastercard® works?

To apply for the card, you must become a member of REI for a one-time fee of $30. Even without the credit card, REI members receive a 10% dividend on full-price purchases, making the one-time membership cost simple to justify if you frequently purchase from the retailer.

Rewards can be redeemed online or in-store, but they must be used directly with REI.

Card benefits can be cashed right away, unlike dividends you receive from your co-op membership, so there’s no need to wait for an annual dividend. They are also perpetual.

Although all you need to earn annual dividends is a REI membership, the REI credit card increases your profits. REI purchases will earn you 5% back, while all other eligible purchases will get you 1.5% back.

Included in the higher earning rate are REI purchases that are typically not eligible (such as sale items or gift cards).

Customers who currently have the U.S. Bank-issued version of this card will eventually switch to the new Capital One card, but they can use their current card right now and continue to collect the current benefits.

The new REI Co-op Mastercard, unlike the previous iteration, does not offer 2% cash back on purchases made using a mobile wallet, but you will receive your rewards as you earn them rather than once a year. Through their REI accounts, every cardholder can see their points.

The REI Co-op Mastercard has a long number of benefits, but the firm also announced in a statement that the card itself is comprised of 85% recycled materials, which is a fantastic achievement for anyone who values a business that focuses on sustainability.

How much can you earn with REI Co-op Mastercard®?

The average wage-earning household in the 70th percentile has a yearly income of $107,908 and annual costs of $64,144. If half of these costs are put on this card, the total annual expenditure will be $32,702.

We project that the annual entertainment budget for our typical household is $1,774. You would receive $88.70 in REI rewards if you completed all of these items at REI.

You would receive an additional $454.47 for a total annual income of about $543 if the remaining $30,298 in credit card expenditures were all made on the same REI card.

REI Co-op Mastercard® Benefits

  • No annual fee
  • For new cardholder accounts, receive a $100 REI gift card following the initial out-of-store transaction within 60 days of account opening.
  • REI purchases earn 5% back, while all other qualified purchases earn 1.5% back.
  • Absence of foreign transaction fees
  • $50 per year off of REI Co-op Experiences

How to apply for an REI Co-op Mastercard®?

Alas, if you got interested in owning one of these cards for yourself, feel free to check out our article regarding how to apply for an REI Co-op Mastercard®

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