Does my REI dividend expire?
When does my Annual Dividend expire? Your dividend expires on Jan. 3, just under two years after it has been issued. For example, your 2021 dividend earned on2020 purchases will expire in January 2023.
How much dividend do you get at REI?
The dollar amount on the notice consists of two parts: your member dividend, which is typically 10% back on eligible REI purchases*; and any rewards from purchases you make with your REI Co-op Mastercard, if you have the card (which is a benefit just for REI Co-op members).
How do dividends work at REI?
The dividend is a sum of money that is awarded back to REI co-op members every year. The amount of money is based on two primary factors: a percentage of all eligible purchases made by a member and any rewards they accrued on their REI Mastercard during the previous year.
Do you get REI dividend on gift card?
Purchases of gift cards are not eligible for the REI member dividend. REI gift cards cannot be used to purchase REI classes, tours and events or rentals on rei.com, however, gift cards can be used to purchase REI classes, tours, and events and rentals in a store.
When can you use your REI dividend?
Using your REI annual dividend is pretty straight forward. As soon as you receive notice of your balance, you can start spending. It’s good at any REI retail location as well as online and by phone. You also have the option of receiving your dividend in cash money or by check.
Does REI price match?
For products purchased on REI.com or in REI stores, we will honor the sale price if you purchased within the last 14 days and your item is the same product number, color, and size as the item on sale. If so, we will gladly refund the difference to you.
Does REI make a profit?
In 2019, the company reported $3.1 billion in revenue and $21 million in net income. Because REI did not make a profit, however, instead of receiving a dividend this year, REI is offering members 10% back on eligible full-price purchases in 2020.
Is REI dividend taxable?
Patronage dividend refunds are not taxable income unless your purchases were for purposes other than personal use.
Can I spend my REI dividend Online?
You can use your dividends with online purchases. Make sure that you’re signed in to your REI.com account and your membership number is attached to it. When you check-out, your dividend balance will be available as a method of payment.
Will REI match Amazon?
Does REI match Pro Deals?
Unfortunately, the REI price match policy doesn’t exist in its policy. They do not provide this facility to their customers. Although, they already try to keep up with the industry and provide quality products at less price.
What is Rei dividend?
REI (Recreational Equipment Incorporated) is a co-op that operates retail stores and online sales. Founded in 1938, each year members receive a dividend based on their previous year’s purchases. The dividend is usually 10% of purchases excluding sale items, which are calculated at a lower rate or not eligible for dividends.
How much is REI membership?
The REI membership fee of $20 is good for a lifetime membership. So the more years that you have an REI membership, the less it actually ends up costing. If you are buying gear over $200, it pays for itself immediately.
Do Rei dividends expire?
REI dividends are sent out in March, and the credit is good for 21 months. For instance, a dividend issued in March 2019 does not expire until January 2021.
What is REI Co op?
REI is an outdoor retail cooperative (co-op) providing equipment, education, and inspiration to its customers. While sales from products make up the majority of REI revenue, income also comes from memberships.