Credit Cards (US)
REI Co-op® Mastercard® full review: rewards in or out REI store
If you are a regular REI client and want to become a member, you will love to know that there is a card designed for maximizing rewards on purchases. Then, read this REI Co-op® Mastercard® review.
by Aline Augusto
REI Co-op® Mastercard®: up to 5% back in rewards on purchases
This REI Co-op® Mastercard® review will show you the advantages and disadvantages of becoming an REI member and applying for this Mastercard.
How to apply for the REI Co-op® Mastercard®?
Learn how to apply for an REI Co-op® Mastercard® and enjoy a complete range of exclusive benefits at no annual or foreign transaction fees.
Firstly, there are no annual or foreign transaction fees associated with it.
Therefore, you will be able to maximize rewards without worrying about high costs.
| Credit Score | Good – Excellent |
| APR | 18.74%, 25.74%, or 29.74% (variable and based on the creditworthiness) |
| Annual Fee | $0 |
| Fees | Foreign transaction fee: none; Membership fee (one-time): $30; Cash Advance: $3 or 3% of the amount of each transaction, whichever is greater; Late Payment: up to $40 |
| Welcome bonus | $100 REI gift card after being approved and making the first purchase within 60 days |
| Rewards | 5% in rewards on REI Co-op purchases; 1.5% in rewards on everything else |
Additionally, even though there is a membership fee, you will only pay for it once.
Continue reading to find out the details about this credit card.
How does the REI Co-op® Mastercard® work?
As shown before on this REI Co-op® Mastercard® review, this card suits REI consumers who want to maximize rewards at a very reasonable cost.
In fact, the card doesn’t charge any annual or foreign transaction fees. And it is a Mastercard, which means you will be able to use it outside of REI, even when traveling abroad.
Also, it features an amazing reward rate, considering it is designed for specific store members. Check out the program below:
- Earn 5% in rewards on REI Co-op purchases;
- Earn 1.5% in rewards on everything else.
A quite good welcome bonus is offered as well. You will earn a $100 REI gift card after being approved and making the first purchase within 60 days, then.
Not to mention other benefits, including:
- $50 annual credit toward REI Co-op Experiences program;
- Rewards doubled on the yearly REI event;
- Access to Mastercard World Elite benefits;
- Flexible redemption.
Of course, there is a fee of $30 for becoming a member. However, this fee is applied only once the moment you apply for the REI Co-op Members program.
Certainly, a great option for regular REI clients.
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REI Co-op® Mastercard® benefits
Unquestionably, this Mastercard is a good choice for REI members who want to maximize rewards and experiences.
However, there is a one-time fee.
Pros
- The card doesn’t charge annual or foreign transaction fees;
- You will earn up to 5% back in rewards on purchases;
- The redemption plan is flexible;
- There is a $50 annual credit plus a $100 REI gift card as a welcome bonus;
- You will access Mastercard World Elite benefits.
Cons
- You must become a member to apply for the card;
- There is a one-time membership fee.
How good does your credit score need to be?
Even though this information is not fully disclosed, Capital One usually requires good creditworthiness for its best credit cards.
How to apply for an REI Co-op® Mastercard®?
If you want to become an REI member, check out how to apply for an REI Co-op® Mastercard®.
How to apply for the REI Co-op® Mastercard®?
Learn how to apply for an REI Co-op® Mastercard® and enjoy a complete range of exclusive benefits at no annual or foreign transaction fees.
Aline Augusto
Aline Barbosa
Senior Editor
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