When may I expect my member dividend? In March, shareholders receive their annual dividend notices. Using the previous scenario, the 2020 member dividend you get on purchases expires in January 2023.
How do I get my REI dividend?
If your dividend sum is $25 or more, we’ll gladly mail you a check.
- In order to get a dividend check, you must be a member of the REI organization.
- After 12:00 a.m. PST on January 4, any checks requested will be processed on the first Monday of July.
Please fill out the form to the right to request a check. To the address connected with your member number, you’ll get a check.
In the event that you’d like to change your address, simply fill out the fields below and we’ll automatically update our database with the new information.
Why did I get a check from REI?
In the form of the REI member dividend, members of the REI Co-op get a portion of REI’s profits from the previous year. On March 1, you’ll be able to see your complete reward in your account as a result of this same dividend experience.
Why is my REI dividend zero?
There will be no dividend payment to REI Co-op members for the first time in recent history. Why? Because the co-op hasn’t made any money for the first time in quite some time.
Is the REI Co-op worth it?
REI members get a discount on their purchases. Equipment that is essential for hiking rarely goes on sale. The MSR Guardian Water Purifier (a Backpacker Magazine Editors’ Choice winner) is one of those pieces of kit. Typically, it costs around $350.
Using a 20% REI member coupon, I saved $105 (30 percent) on the sale by using my REI membership discount of 10% on the item. Even at Amazon’s $349.99 price, I would normally be unable to receive any kind of discount on this item.
I also felt good about it since I was supporting a business that was operated by individuals who I thought were decent. Everyone wins.
How can I redeem my REI dividend?
For the most part, cashing in on your REI annual dividends is simple. You can begin spending as soon as you receive a notification of your balance. It’s great at any REI store, online, or by phone.
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. Either way, the result is a triumph.
Can I use my dividend online?
Yep! REI’s normal store, the REI Outlet, and the adventure travel program at REI all sell it. REI’s mobile apps allow you to spend your dividends.
How do I apply my dividend to a purchase?
You can add a membership to your purchase if you checkout with your REI account or as a visitor and input your phone number or member number when you go to your cart.
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, which has just begun, is a great opportunity to save money. According to REI, the finest prices disappear quickly, so seizing an opportunity as soon as you notice it is usually worthwhile. You can also wait until their annual Christmas sales, when previous season’s stuff is significantly discounted and the finest bargains are gone, when you can get the best offers.
Is REI dividend taxable?
Taxes are not due on patronage dividend refunds unless the purchases were made for something other than personal use. Please see your tax expert if this is the situation for you.
If you were a member of Central Co-op in 2015 (and shopped at the Seattle store) prior to the merger, you will receive a 2015 Patronage Dividend.
Can you cash out REI dividend?
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. Bring your Annual Dividend notification to any REI store between July 1 and January 3 of the following year and ask for your leftover dividend balance to be paid to you in cash. However, because stores only have a limited amount of cash on hand, a request to exchange an Annual Dividend notification for cash may be processed as a check request.
Yes. Your remaining Annual Dividend can be requested in the form of a cheque before it expires. However, checks are only delivered to members from July 1 to January 3 of each year, even though you can request one at any time. Please be aware that checks will only be sent to the principal member for amounts greater than $25.
As of January 2024, REI will no longer send out checks for unused rewards points. With this change taking effect in the 2022 Annual Dividend, awards earned in 2021 will no longer expire until 2024.
A dividend check can be mailed to your current or new address by filling out this form.
Please fill out the form below and click the “Submit” button. Please use the name that appears on your membership card when completing this form. We’ll add your address to our database as soon as you enter it.
- You can do this by completing an online form. Using this method, you can get your money quickly and easily. 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. It is important to note that no checks are issued for balances of $25 or less, and checks are only issued to the principal member.
Just over two years after it was issued, your dividend is set to expire. For example, if you earned a 2021 dividend on a purchase made in 2020, it will expire in 2023.
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-priced products and other qualified REI retail purchases made between January 1 and December 31 are eligible for dividends, with the exception of a few that are specified in the following section. 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 In addition, service fees for labor, mounting, and leasing are non-divisible. Member dividends can be earned by the recipient of the gift card once the recipient redeems the gift card.
Does REI give military discount?
Individual military discounts aren’t available at REI, but the company does provide discounts for large military organizations and other ways to save money.
You can get money back on purchases made over the course of the year when you join REI’s membership program, and you’ll also get discounts on items purchased elsewhere.
Do REI members get a discount?
- As a member of REI, you get 10% off practically everything in the shop (given back in an annual dividend), access to members-only specials, savings on REI classes, and more.
- If you or a member of your family plan to purchase from REI, the $20 one-time charge rapidly pays for itself.
- Members of REI’s Co-op can take advantage of a Member Moment Sale that offers 20% off select full-price items.
How did REI not make a profit?
Member dividend payments will be handled differently this year because REI didn’t make a profit in 2020, which is why the outdoor shop sent a letter to its customers Thursday.
In an email, REI Vice President of Marketing Vivienne Long described 2020 as “a year like no other” at the co-op and around the world. This year has been described as one of the most challenging in recent memory by many organizations.” Our co-op is the same.”
As a result of our temporary store shutdown and the significant hurdles created by the pandemic, we were unable to make a profit at the end of 2020,” she explained.
It is normal for REI to release its 2020 revenue and profit data in April, but that has not yet happened. There were $3.1 billion in revenues and $21 million in net profits for the corporation in 2019.
Many new consumers discovered REI after the store reopened and the demand for outdoor gear skyrocketed. There were more than a quarter of a million new REI members added to the co-op in 2020 than originally predicted, according to Long.
Does REI make profit?
Covid-19 had a substantial financial influence on REI’s top and bottom lines in 2020, which were reported this week. The cooperative’s total revenue for the year was $2.75 billion, a decrease of 11.8% from 2019. Last year, it made a profit of $21 million, but this year, it lost $34.
How does REI Co-op work?
Whatever type of adventurer you are, you’ll likely find what you need at REI, whether you’re looking for gear for a few days in the wilderness or gear for a winter journey. REI Co-op membership is a good idea if the cashiers consider you a regular—and you’ve probably already thought about it.
Admission to the REI Co-op is free: It costs just $20 for a lifetime subscription. If you spend at least $10 a year on qualifying products, you’ll get 10% back in annual dividends, plus you’ll be eligible for discounts at special in-store events and free delivery in select situations, as long as you meet the spending requirements. dividends can be applied to REI purchases or received as cash. Dividends are distributed annually in March. Co-op membership may appear to be an obvious choice at first glance, but whether or not it makes financial sense for you depends on how you shop and what you buy.
What are your shopping habits?
If you’re a regular at REI and live near a store location, you’ll get the most bang for your buck by joining the membership program. There aren’t any dividends for bargain hunters, so they won’t be able to get their money back at the end of the year. Both REI Outlet purchases and REI Direct purchases are not eligible for dividends.
Will you use the exclusives?
Members get a discount on Co-op Experiences, but dividends cannot be applied to travel (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 receiving profits, you’ll save money on the entire cost of your trip—and more. When it comes to ski resort lift tickets, for example, members can save up to 57 percent, which amounts to more than $100 in discounts at some destinations.
Aside from that, many REI stores hold an annual garage sale for Co-op members alone, where they sell returned merchandise at deep discounts.
Are you planning to make just one big purchase?
In other cases, joining the Co-op can be helpful even if you never return to a REI (or browse the site) after making your first purchase. 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?
When assessing the benefits and drawbacks of Co-op membership, REI’s shipping charges should also be taken into account. 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 pick-up isn’t a problem for those who live near a REI, but if your local store is a bit too far away, you may have to pay for shipping and handling, which can make online buying more expensive.
Are you a brand loyalist?
It’s possible to doubt a REI membership even if you spend a lot of time in the outdoors. No one has to buy from REI just because they’re an outdoor enthusiast. Competitors like Amazon, Backcountry, and Moosejaw routinely match the sale prices of retailers like REI, including those for members-only events. To put it another way, your Co-op membership doesn’t mean anything if you can’t take advantage of REI’s exclusive discounts because of it.
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).
