Frequent shoppers of outdoor gear retailer REI may find value in the REI Co-op Mastercard. This card earns 5% back in REI rewards at REI stores, REI.com and the REI mobile app and 1.5% everywhere else. You'll pay no annual fee and earn a $100 gift card when you make your first non-REI purchase within 60 days of opening the account. A $50 annual statement credit is also available when you use the card for an REI Co-op Experience. Although the card charges no annual fee, it requires a one-time $30 REI Co-op membership fee. Plus, rewards can only be redeemed with REI, which makes this card best for loyal REI shoppers. REI Co-op Mastercard Review: If you love to explore the great outdoors and to shop at REI, you may also love the REI Co-op Mastercard. It offers 5% back in REI rewards, with no annual fee for REI Co-op members. Pros
Earns 5% back at REI: This card gets 5% back in REI rewards on REI purchases and donations to the REI Cooperative Action Fund. All other purchases receive 1.5% back.
Charges no annual fee: You also won't pay foreign transaction fees.
Offers a bonus gift card and an annual credit: Use the card at a non-REI store within the first 60 days for a $100 REI gift card. You can also get a $50 statement credit each year when you book an REI Co-op Experience cvv shop with your card.
Requires co-op membership: You won't pay an annual card fee, but you will pay a $30 lifetime REI Co-op membership fee.
Limits redemption options: Although you can earn REI rewards anywhere with the card, you can redeem them only at REI stores, REI.com and the REI mobile app or for REI adventure travel.
sign-up bonus: Get a $100 REI gift card, rather than points or dollars back as a bonus, after your first purchase outside of REI within 60 days of opening the account.
Rates and Fees
Issuer NameCapital One
Annual Fee free
APR15.49%, 22.49% or 26.49%, based on your creditworthiness
Balance Transfer Fee3% of the amount of each transfer or $5 minimum, whichever is greater
Cash Advance FeeConvenience Check Cash Advance: Either 3% of the amount of each advance or $5 minimum, whichever is greater Cash Advance ATM/Cash Advance: Either 4% of the amount of each advance or $5 minimum, whichever is greater Cash Equivalent Advance: Either 4% of the amount of each advance or $10 minimum, whichever is greater
Foreign Transaction Fee
New cardmembers can earn a $500 REI gift card if they make a purchase within 60 days of card approval.
5% back on purchases at REI
1.5% back everywhere else