Using your Annual Dividend at REI is possible as soon as you receive it. It has a two-year expiration date, so you can use it till then.
Yes. Your Annual Dividend notice can be brought to any REI store between July 1 and January 3 of the following year and you can ask for your leftover balance in cash. Annual Dividend notices can be exchanged for cash at the store’s discretion; however, stores have limited cash on hand.
Yes. Before it expires, you can request a check for the remaining Annual Dividend. Checks are only sent to members from July 1 through January 3, but you can request one at any time. Checks are not issued for balances of $25,000 or less, and the primary member is the only one who will get the check.
REI will no longer send out checks for unused card points starting in January 2024. For the first time, incentives earned in 2021, issued in the 2022 Annual Dividend, and expiring in 2024 will be affected by this change.
In order to have your Annual Dividend check forwarded to your current or new location, you can use the following form:
Please fill out the form below and click the “Submit” button. Your name should be entered precisely as it appears on your membership. We’ll add your address to our database as soon as you enter it.
- Complete the online form. This is a quick and simple method of receiving your payment. Attention: Only the principal cardholder’s name can appear on a cheque.
Yes. Annual Dividends can be cashed out before they expire if you request a check for the balance. As long as you request a check, it will be issued to you from July 1 to January 3. Checks are not issued for balances of $25,000 or less, and the primary member is the only one who will get the check.
In less than two years, your dividend will expire on January 3rd. An illustration of this is the January 2023 expiration date for your 2021 dividend paid on your 2020 purchases
The dividend is deducted from the purchase price if the Annual Dividend has been declared or is in the process of being computed. Full refunds are given for items returned within the calendar year in which they were purchased.
Most full-price products and other eligible REI retail purchases made between January 1 and December 31 are eligible for a dividend. If your dividend has already been calculated, then the dividend is subtracted from any returns that have already been made.
Discounted merchandise, REI experiences, workshops and events as well as the REI membership cost are all included in the sale Non-dividendable services include labor, mounting, and renting. When a gift card is purchased, a member dividend cannot be received, but when the gift card is redeemed, a member dividend can be earned.
Why did REI send me a check?
A payment for $25 or more will be sent to you if your payout is still owed to you.
- Please keep in mind that dividend checks can only be issued to the REI member whose name appears on the membership card.
- The first Monday in July will be the processing date for any checks requested after 12:00 a.m. PST on January 4.
Please fill out the form below to obtain a check. Your member number will be used to send you a check.
Fill out the forms below if you would like to update your address. We will instantly update our database with the address you enter.
Can I look up my REI purchases?
Check out faster, access your purchase status and history, submit product reviews and more if you have a REI membership linked to your online account.
How can I redeem my REI dividend?
It’s easy to put your REI annual dividend to good use. After receiving notification of your account balance, you are free to begin making purchases. Any REI retail location, as well as online and by phone, is a fantastic place to purchase it.
You can contribute your dividends to the REI Foundation if you’re a selfless person who wants to assist build a community of like-minded outdoor enthusiasts. Regardless of the outcome, it’s a success.
Can I use my dividend online?
Yep! At the regular REI store, the REI Outlet store, and even through REI’s adventure travel program, you can find it to be excellent. You can also use your dividends to purchase REI merchandise via the company’s mobile apps.
How do I apply my dividend to a purchase?
Your phone number or member number can be entered into the checkout process if you have a REI account or are a guest.
It will be possible to apply your dividend balance toward your purchase as soon as your membership has been added. Easy.
Are there any REI dividend sales?
The REI End-of-Season Clearance Sale has just begun, so you still have time to shop. According to REI, the finest prices disappear quickly, so seizing an opportunity as soon as you notice it is usually worthwhile. The best bargains on previous season’s gear are often hard to come by during the retailer’s annual Christmas sales, so it’s worth holding out until then.
Is REI dividend taxable?
Unless your purchases were made for purposes other than personal use, patronage dividend refunds are not considered taxable income. If this applies to you, you should speak with a tax professional right away.
To be eligible for the 2015 Patronage Dividends, you must have owned Central Co-op in 2015 (and made at least one purchase at the Seattle location), pre-merger, and have shopped at Central Co-op.
Does REI give military discount?
While REI doesn’t currently provide a military discount for individual service members, they do offer a discount for large military organizations as well as other ways to save money.
The membership allows you the ability to get money back on the money you’ve spent over the year, as well as a discount on sales that aren’t from REI itself.
What is an REI dividend?
Members of the REI Co-op enjoy a unique reward each year: the REI member dividend, which is your portion of REI’s profits from the previous year. We cannot pay a dividend to our members because we did not make a profit in 2020.
Do REI members get a discount?
- You can get 10% off practically everything at REI, access to members-only deals at REI, and discounts on REI classes, events, and experiences when you join.
- If you or a member of your family plan to purchase from REI, the $20 one-time charge is well worth it.
- Members of REI’s Co-op can take advantage of a Member Moment Sale that offers 20% off select full-price items.
What is REI membership?
As a thrill-seeker who wants to spend a few days in nature or an outdoors aficionado planning a winter walk, REI is likely to have everything you need. Customers who are treated like regulars by the cashiers are likely aware of the REI Co-op membership program, which allows them to earn back a portion of their annual spending.
The entrance fee to the REI Co-op is reasonable: For only $20, you may join for life. Additionally, you’ll receive 10 percent back in annual dividends if your purchases total at least $10 each year; in rare situations, free delivery is also available to members. You have the option of using your dividends (which are paid out once a year in March) to pay for REI purchases or keeping the money in your pocket. A membership in the Co-op may appear straightforward, but whether it makes sense for you depends on how and what you buy.
What are your shopping habits?
Getting the most value from your membership will be easy if you’re a regular customer of REI and live near a store location where you may pay full price. Sale and clearance items cannot be used to earn dividends, so bargain seekers will not be able to recoup their expenditures at the end of the year. Also, purchases made at REI Outlets are not eligible for dividends.
Will you use the exclusives?
However, dividends cannot be applied on trips, even if members get a discount on Co-op Experiences (or to classes at the REI Outdoor School). Even if you only plan to shop the sale section, joining the Co-op is worth it if you want to take advantage of the membership’s other benefits, such as savings on REI Adventures. Instead of earning interest, you’ll save money on your entire vacation. With a discount of up to 57 percent at various ski resorts (there are around 60 to choose from), for example, members can save more than $100 on lift tickets.
Aside from that, many REI stores hold an annual garage sale for Co-op members only, where they sell returned merchandise at deep discounts.
Are you planning to make just one big purchase?
Even if you never stepped foot in another REI (or browsed the website) after making your first purchase, joining the Co-op can be useful in certain situations. Become a member if you’re looking for more expensive gear, such as a GPS running watch or a family-sized canopy tent. For instance, consider the Garmin Forerunner 645 running watch: After a year, you’ll get back 10% of the $400 you spent on the watch, which works out to $40. Despite the fact that you’ll only get $20, free money can’t be argued with.
How close is your nearest store?
It’s important to factor in the shipping fees from REI when assessing the benefits and drawbacks of Co-op membership. For free shipping at REI, you must spend at least $50, and you may be charged additional handling fees for larger, bulkier items. In-store pickup isn’t an issue for customers who live close to a REI, but if your local store is too far away, you may have to pay shipping and handling, making online purchases less cost effective.
Are you a brand loyalist?
It’s possible to doubt a REI membership even if you shop for outdoor products on a regular basis. While REI is known for its member-only promotions, other retailers like Amazon, Backcountry, and Moosejaw regularly offer the same or even better deals. If you don’t qualify for dividends or free delivery, then your unique access to REI savings through your Co-op membership doesn’t mean anything.
Brand loyalty is a genuine thing, and REI is an upstanding store that distributes a portion of its income to numerous charitable organizations for many customers. A Co-op membership may make sense for you if you keep going back to REI even if other merchants may be offering greater deals. When it comes to REI-branded goods, this is especially true (Wirecutter certainly has a few favorites).
How do I reset my REI password?
No, I don’t want to change my password. Click “Continue” after entering your account’s e-mail address. A password reset link will be emailed to you.
How do I apply for dividends?
- Some of a company’s profits are given to shareholders in the form of a dividend.
- To establish the date and amount of a company’s quarterly dividends, the company’s board of directors typically meets to evaluate the financial statements and complete the company’s income statement at the end of the quarter.
- The Board of Directors announces the dividend, the amount of the dividend, the record date, and the payment date on the day of the announcement.
- You must be listed as a shareholder in the company’s books by the “record date” in order to receive the dividend.
- You get the dividend if you buy the shares before the ex-dividend date; if you acquire it after the ex-dividend date, the seller gets it.
- After the ex-date, dividends are only paid to shareholders who owned the shares before to that date.
