The REI Co-op World Mastercard has an introductory offer of: $100 gift card bonus when you charge your card for the first time in 60 days. This is a good bonus offer if you compare it to other no annual fee credit cards.
If you’re an adventurous person, then you will find this REI Co-Op credit card very beneficial to you. They will give you a 5% rebate for REI purchases, that means you will be able to get the offset cost for any pricey equipment or other merchandise. With that included, REI will also make a donation to projects that focus on restoring habitats and trails each time you charge your card.
Is REI not for you? Then you should consider getting a non-branded rewards credit card elsewhere.
REI Co-Op Card Quick Facts
| Bonus Available | Receive a $100 REI gift card with the approval of the first charge on your card in 60 days. |
| Bonus Value | $100 |
| Ongoing Rewards/Benefits | Gain a 5% rebate for everything at REI (including sale items).
Earn 2% back on phone wallet expenses. Get 1% rebate on daily expenses. |
| Foreign Transaction Fees? | 2% in USD, 3% in foreign currencies. |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
*REI Co-Op is issued by U.S. Bank. Compare this card to their other credit card offers.*
Pros
- No annual fee
- Bonus gift card
- REI member perks
Cons
- Rewards distributed once a year
- Foreign transaction fees
Editor’s Alternate Pick
 The Chase Freedom FlexSM offers a $200 bonus after spending $500 on purchases in your first 3 months from account opening. 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR. You'll earn: • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! • 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service • Unlimited 1% cash back on all other purchases You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. This card has no annual fee. |
REI Co-Op Card $100 Bonus Gift Card Offer
Make use of the REI Co-op card’s introductory bonus gift card offer of: $100. You must charge your card with your first purchase in the first 60 days of your card approval to be able to qualify for this offer. There won’t be any spending or time limitations placed on this card.
Earning REI Co-Op Rewards
Gain an excellent 5% rebate for all REI expenses. In other words, this would have the discount merchandise, services, and gift card. This is a great offer compared to other store-branded credit cards.
With this card you will be able to gain 2% back for your phone wallet expenses like: APply Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, and LG Pay. The card will give you a flat 1% rebate for other expenses.
Redeeming REI Co-Op Rewards
With the total rebate that you’ve built up from the year before, it will be sent to you every year with the REI membership dividend in mid to late March (more on dividends later). In other words, your rewards will be paid for every year.
Redeeming your rebates can be used towards:
- 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 will be given about 2 years to redeem your REI Co-Op rewards expire “expiring” on January 3rd the year after. Your rebates won’t be lost, and you will be refunded cash or check for rewards that have yet to be redeemed.
REI Member Perks
However, the REI Co-Op card won’t have any annual fees included, you will have to be a REI lifetime member to be able to sign up. This membership will have a one-time $20 fee that will include great perks such as:
- 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)
The REI’s system for the consumer co-operative, was made to give back to their members. It will be given to you as relevant cash rewards programs, this would be different from the rewards program this credit card has to offer.
The dividend you receive with percentages you’ll gain back, will depend on how well your company is doing annually. Normally, their members will get dividends that will be equivalent to 10% for full-priced merchandise that was bought in that year. You will be able to get $20 cash back when you spend at least $2,000 for full priced outdoor items.
Remember that you’ll be able to receive Mastercard rewards with your yearly dividend.
Bottom Line
The REI Co-op World Mastercard is a good substitute rewards credit card that has an amazing sign-up bonus with decent return rates for any REI expenses.
This credit card doesn’t really give out lots of rewards, especially with their flat rate being 1% back for other expenses. There are lots of credit cards on the marketing platform that will give you a better cash back rate for daily purchases.
(Visit REI Co-Op for more information)
What’s the Competition?
Here are some of REI Co-Op World Mastercard’s top competitors listed below.
 The Chase Freedom Unlimited® Card offers a $250 bonus after spending $500 on purchases in your first 3 months from account opening. Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR. In addition, you can earn: • 6.5% cash back on travel purchased through Chase TravelSM, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more • 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service • 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase TravelSM, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases. There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open. This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM. Member FDIC |
The Chase Freedom FlexSM offers a $200 bonus after spending $500 on purchases in your first 3 months from account opening. 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR. You'll earn: • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! • 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service • Unlimited 1% cash back on all other purchases You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. This card has no annual fee. |
 The Capital One Quicksilver Cash Rewards Card offers $200 Cash Back after spending $500 on purchases within 3 months from account opening. 0% intro APR on purchases and balance transfers for 15 months; variable APR after that; balance transfer fee applies You'll earn: • 1.5% Cash Back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards. • Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply. This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card. |
