Each year in March, REI distributes dividends with a 21-month credit. For example, a dividend paid in March of 2021 will not expire until January of 2023. Using the REI Mastercard, you can earn even more dividends in March depending on qualified purchases from the previous year.
When can I expect my REI dividend?
My member dividend is due when? In March, dividend notices are mailed out to all shareholders for the upcoming year. For example, if you make a purchase in 2020, your member dividend will be issued in March 2021 and expire in January 2023.
What happened to my REI dividend?
After a year plagued by pandemics, REI is replacing its member dividend with a special prize.
It has been announced that Vivienne Long, the company’s vice president of marketing, will no longer be providing members with an annual benefit, or a portion of the outdoor and athletic goods retailer’s revenues. As a replacement for the dividend, the company promises to offer a member reward equal to 10% back on qualified full-price purchases in 2020.
As a result, “we don’t have those profits to give back to our members as a dividend,” Long added. As for how it will feel, she said it will “feel a lot like the dividend experience you’re used to.”
Why did I get a check from REI?
If your dividend balance is greater than $25, we’d be pleased to 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 handled on the first Monday of the month.
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 change your address and we will instantly update our database with the information you provide.
Is the REI co-op worth it?
The REI membership discount can be put to good use here. There is a certain type of hiking gear that 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.
In the end, I saved $105 (30%) by using my 20% REI member discount coupon and then using my 10% REI membership discount to the transaction. You can’t get a discount on this item, even at Amazon (which is normally a cent lower than REI’s $349.99 price).
To top it all off, I was helping a business managed by people I believe in. It’s a win-win situation.
How can I redeem my REI dividend?
The process of using your REI annual dividend is simple. You can begin spending as soon as you receive notification of your account’s balance. Any REI retail location, as well as online and by phone, is a fantastic place to purchase it.
The REI Foundation is a great place to give your dividends if you’d rather help build a community of like-minded outdoor enthusiasts. It doesn’t matter either way you look at it.
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 can also be used to spend dividends.
How do I apply my dividend to a purchase?
Using your phone number or member number, you can link your purchase to your REI membership when you check out as a visitor or with your REI account.
You’ll be able to see your current dividend balance after your membership has been added, and that can be applied to your purchase. Easy.
Are there any REI dividend sales?
For a limited time, you can take advantage of REI’s End-of-Season Clearance Sale. If you see a good price, don’t hesitate to take advantage of it, according to REI. It’s also a good idea to keep an eye out for their large holiday discounts throughout the year, which are a great opportunity to get great deals on older goods.
Is REI dividend taxable?
Taxes are not due on patronage dividend refunds unless the purchases were made for non-personal use. Consult your tax expert if this applies to 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.
What is an REI dividend?
The REI member dividend, a portion of REI’s revenues from the previous year, is distributed to REI Co-op members each year. There is no dividend for 2020 because we didn’t make a profit in the year prior.
Is REI in financial trouble?
Covid-19’s financial impact on REI’s top and bottom lines in 2020 was announced this week, and it was big. The co-total op’s revenue for the year was $2.75 billion, a decrease of 11.8 percent from 2019. Last year, it made a profit of $21 million, but this year, it lost $34.
How often does REI do 20 off?
December Cyber Week Sale at REI is offering a 25% discount on one outlet item coupon code! Dec. 6, 2021, and November 29, 2021, respectively, are the dates for the sale and the 25% discount coupon. The REI 20% off coupon is good for one full-price item and one REI Outlet discount item during the regular semi-annual sales. The REI 20% off coupon schedule normally includes four significant deals each year. The finest bargains can be found during the Member Sale in March, the Memorial Day Sale in May, a Labor Day Sale in September, and a few holiday specials in the fall, such as Black Friday. The most recent REI promo codes are listed below.
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.
Do REI members get a discount?
- In addition to receiving a 10% discount on practically everything in the shop (given back in an annual dividend), REI members have access to members-only specials, and receive discounts on REI classes, events and experiences.
- If you or a member of your family plan to purchase from REI, the $20 one-time charge rapidly pays for itself.
- REI’s Member Moment Sale offers Co-op members 20% off full-priced items for a limited time.
How many members does REI have?
With more than 20 million members, REI is the largest consumer co-op in the United States and is known for its high-quality gear, educational programs, and exceptional customer service. There are 174 REI stores spread over 41 states and the District of Columbia, making it the largest retailer in the country.
