Outside retail large 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 all the things else. You redeem rewards towards REI purchases, together with journeys booked with REI journey journey.
Cardholders may benefit from these invaluable perks:
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A one-time $100 REI present 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 whenever you use your card to e book 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 present 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 yearly. All cardholders can view their rewards by their REI accounts.
The REI Co-op Mastercard has a $0 annual charge, however you do must be a co-op member to use. You’ll be able to turn into a lifetime member of REI by paying a one-time charge of $30. Even with out the bank card, REI loyalists can simply make up for this charge by 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 yr 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.
If you happen to choose an opulent mattress over sleeping underneath the celebs, you’ll possible get extra worth out of a common cash-back bank card with extra versatile rewards. However should you dwell by REI’s motto to #OptOutside, the brand new REI Co-op Mastercard may very well be the right journey accomplice.