Outside retail big REI Co-op has introduced a revamped model of its retailer bank card for co-op members.
The REI Co-op Mastercard, issued by Capital One, earns 5% again on REI purchases and donations made to the REI Cooperative Motion Fund, plus 1.5% again on every part else. You redeem rewards towards REI purchases, together with journeys booked with REI journey journey.
Cardholders also can reap the benefits of these helpful perks:
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A one-time $100 REI reward card after you make your first buy exterior of REI throughout the first 60 days of account opening.
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An annual $50 assertion credit score while you use your card to ebook an REI Co-op Expertise.
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Double rewards on REI purchases throughout a yearly particular occasion interval.
Cardholders who’ve the earlier model of this card, issued by U.S. Financial institution, will ultimately be transitioned to the brand new Capital One card however can proceed utilizing their current card for now and incomes the up to date rewards.
In contrast to the outgoing model of this card, the present REI Co-op Mastercard is not going to earn 2% again on cell pockets purchases, however you’ll obtain your rewards as you earn them, slightly than every year. All cardholders can view their rewards by means of their REI accounts.
The REI Co-op Mastercard has a $0 annual payment, however you do must be a co-op member to use. You’ll be able to grow to be a lifetime member of REI by paying a one-time payment of $30. Even with out the bank card, REI loyalists can simply make up for this payment by means of membership perks like free customary transport, entry to member-only sale occasions and, usually, a member reward equal to 10% of what you spent the 12 months earlier than. Stacking that member reward with the REI Co-op Mastercard’s 5% again, cardholders can earn an enormous 15% again on most purchases.
Should you desire an opulent mattress over sleeping beneath the celebrities, you’ll doubtless get extra worth out of a normal cash-back bank card with extra versatile rewards. However in the event you dwell by REI’s motto to #OptOutside, the brand new REI Co-op Mastercard could possibly be the proper journey companion.