REI Co-op Mastercard
By Alex Compton · Last verified
5% back at REI on top of the 10% member dividend.
Welcome Bonus
10,000
≈$100 value
Spend Requirement
None
in 2 months
Annual Fee
$0
No FTF
Credit Score
670+
(Good)
Current offer note: $100 REI gift card after your first purchase outside REI within 60 days; confirmed unchanged
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-10-12 | 10,000 | No recorded spend | Terms reconfirmed$100 REI gift card after your first purchase outside REI within 60 days; confirmed unchanged | Capital One REI Co-op Mastercard product page → |
| 2026-06 | 10,000 | No recorded spend | Terms reconfirmed$100 REI gift card after your first purchase outside REI within 60 days | Archive record · no attached snapshot |
| 2022-03 | 10,000 | No recorded spend | Earliest record$100 REI gift card, Capital One relaunch offer | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledger- confirmed
$100 REI gift card after first non-REI purchase in 60 days, 5% REI / 1.5% else, no fee and no FTF confirmed
Capital One REI Co-op Mastercard product page →
Source checked 2026-10-12 · spot an outdated offer? Report a correction above.
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Earning Rates
- 5xREI purchases, including sale items
- 1.5xAll other purchases
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦5% card rewards stack with the annual 10% Co-op member dividend
- ✦Rewards available for redemption within days, not annually
- ✦No foreign transaction fees
Why it earns its spot
- +Effective 15% back on full-price REI gear for members
- +Easiest welcome bonus in the business: one purchase
Where it costs you
- −1.5% everywhere else is unremarkable
- −Rewards are REI-centric by design
The Compound Verdict
For an REI regular this is close to free gear: the dividend and card rewards stack into double-digit returns on every full-price purchase. If your REI runs are occasional, a 2% card earns more across your whole life.
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