How much is the REI dividend?
10% member dividend is typical but not guaranteed Your member dividend is based on eligible purchases, which exclude REI Outlet items, discounted items, gift cards, REI Adventures trips and services
What are dividends Rei?
Each year, REI Co-op members receive a unique benefit—the REI member dividend—which is your share of REI’s profits of the last year Since we didn’t earn a profit in 2020, we don’t have those profits to provide to members in the form of a dividend
Is the REI co op worth it?
Yes, REI Membership Is Worth It Normally it goes for $350 or so When I purchased it, I used my 20% REI member coupon, and then I got my REI Membership discount 10% back on the item, saving $105 (30%) on the sale
When can I expect my REI dividend?
REI dividends are sent out in March, and the credit is good for 21 months For instance, a dividend issued in March 2021 does not expire until January 2023 The dividend you receive in March is based on qualifying purchases made the previous year, and you can also earn more dividends with the REI Mastercard
How many REI members are there?
Today the REI community has 20 million lifetime members, nearly 15,000 employees and 168 locations in 39 states and the District of Columbia
Can I use my REI dividend in store?
If you can find it on the REI website, then you can buy it with your store credit If your dividend balance doesn’t completely cover the total price of your purchases at checkout, don’t worry It will still get deducted from the price and you’ll only have to pay for whatever is leftover
Does REI do price match?
Rei Offers The Price Match Policy To Ensure The Lowest Prices Recreational Equipment Inc, also known as REI, is a popular store in the US One can buy sports goods, travel equipment, camping gear, and other accessories from their store
How does co-op dividend work?
If there are Profits Available for Distribution, Members may be paid a dividend (share of profit) in line with our Rules You will only receive a dividend if you are a registered Member at the point the dividend is paid out
What’s the difference between REI and REI Co-op?
REI Co-Op is REI’s own brand of outdoor gear Its history dates back to 1938, so the company has more than eight decades of field-testing under its belt
Is REI in financial trouble?
It also posted a loss of $34 million, down from a $21 million profit last year REI’s sales sinking to 2018 levels and net income plummeting $55 million are understandable, of course, given the headwinds of Covid and the co-op’s decision to temporarily close stores and furlough many employees last spring
Is REI membership refundable?
We stand behind everything we sell If you’re not satisfied with your REI purchase, you can return it for a replacement or refund within one year of purchase — except for outdoor electronics, which must be returned within 90 days of purchase
Do REI members get a discount?
REI members receive 10% off of almost everything in the store automatically (paid back in an annual dividend), access to members-only deals, and receive discounts on REI classes, events, and adventures The $20 one-time fee quickly pays for itself, especially if you or someone in your family plan to buy from REI
Is REI membership free?
The REI Co-op has a modest price of admission: A lifetime membership is just $20 And as long as you spend at least $10 a year on qualifying purchases, you’ll earn 10 percent back in annual dividends, plus you’ll get access to member-only discounts during special in-store events, and in some cases, free shipping
Does REI offer military discount?
REI does not offer an individual Military Discount, but they do offer a discount for large Military groups and have other options for saving You can sign up for the Co-op Membership to get the beset savings on items as well as events
Where is the biggest REI?
Sprawling over 80,000 square feet, this timbered cathedral is a monument to all things outdoors The Seattle landmark’s spire, a 65-foot rock pinnacle, is the world’s third-largest indoor rock-climbing wall
Why is REI called a coop?
A cooperative, roughly defined, is a business that’s owned not by shareholders but by members—people who use the business, such as its shoppers, producers or employees REI is a consumer co-op, and the largest in the country Like some credit unions and food co-ops, its membership base is composed of its customers
Who is REI owned by?
REI is owned by its active members, persons who have paid a $20 lifetime membership fee and have purchased $10 or more of merchandise from REI in a given calendar year
Can you return clearance items at REI?
REI announced that starting June 4, it would limit returns to one year from date of purchase, except at the companys online clearance outlet, where they must be returned within 30 days of purchase
How do I redeem my REI Mastercard rewards?
To use your benefit, you must book your trip and make your payment by calling our REI adventure travel team at 800-622-2236REI Adventure Travel Benefit The REI adventure travel you would like to book has a member price of $2,500 You would like to contribute $200 of your Total REI Rewards to the trip cost
Can you use REI gift card on used gear?
Trade in gently used gear for REI gift cards Search by brand, item name, etc See trade-in details and terms & conditions in the FAQs Co-op members, send us your gently used gear, and we’ll send you a gift card