In March, REI dividends are paid out, and the credit is valid for 21 months. 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?
When will I receive my member’s benefit? In March, dividend notices are mailed out. Your 2020 member dividend will be issued in March 2021 and expire January 2023, for example.
Why did I get a check from REI?
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 REI.
- 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 change your address and we will instantly update our database with the information you provide.
What is a member dividend?
What do you mean when you talk about “member dividends”? Member dividends are one of the many benefits of being a member of a caisse cooperative. Caisses and Desjardins Group year-end surplus earnings are given out to personal and business members based on certain criteria..
Is the REI co op worth it?
REI members get a discount on their purchases. There is a certain type of hiking gear that seldom ever 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.
On the purchase, I used my REI member discount of 20% and received a 10% discount back, saving me a total of $30 on the sale. A discount on this item, even at Amazon (where it’s generally a penny less than REI’s $349.99 pricing), is normally out of the question.
To top it all off, I was helping a business managed by people I believe in. Everyone is happy.
How can I redeem my REI dividend?
The process of using your REI annual dividend is simple. Begin spending immediately after receiving news of your balance. Any REI retail location, as well as online and by phone, is a fantastic place to purchase it.
Dividends from REI can be donated to the REI Foundation if you’re more of an altruistic sort and would like to assist create a thriving outdoor community. It’s a win, win, win.
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. 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.
Your dividend balance will be displayed once your membership has been added, and this can be used to offset the cost of your purchase. 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. If you see a good price, don’t hesitate to take advantage of it, according to REI. The best deals may also be found at their holiday sales throughout the year, where past-season stuff is significantly discounted and the top offers sell out swiftly.
Is REI dividend taxable?
There is no tax on patronage dividend returns as long as the purchases were not made for personal use. If this applies to you, you should speak with a tax professional right away.
Those who were Central Co-op shareholders in 2015 (and made purchases at the Seattle store) prior to the merger will only receive a 2015 Patronage Dividend, which is based on Central Co-2015 op’s sales.
Does REI give military discount?
However, REI does not give a discount for individual military members, but they do offer discounts for large military groups and other ways to save money.
Reimbursement for all of your REI purchases, as well as a discount at other retailers that are not REI-affiliated.
Do REI members get a discount?
- Members of REI receive 10% off practically everything in the shop (given back in an annual dividend), access to members-only specials, and earn discounts on REI classes, events, and adventures, as well as other benefits.
- 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 and counting, REI has become the largest consumer co-op in the United States, attracting customers who demand the highest levels of product quality, educational seminars taught by industry experts, and superior customer service. There are 174 REI stores across 41 states and the District of Columbia.
What happened to my REI dividend?
After a year plagued by pandemics, REI is replacing its member dividend with a special prize.
Co-op members were informed by VP of marketing Vivienne Long that the annual benefit or a percentage of the retailer’s annual profits would not be applicable in 2020. 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. “However,” she said, it will “feel a lot like the dividend experience you’re familiar with.”
What is REI membership?
Whether you’re an adrenaline junkie planning a few days away from civilization or an avid hiker gearing up for a few winter hikes, REI is likely to have what you need. As a regular customer, you’re already aware of the benefits of a REI Co-op membership, which allows members to recoup a portion of their purchases at the end of the year.
Admission to the REI Co-op is free: For only $20, you may join for life. 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. Each year in March, you have the option of putting your dividends toward REI purchases or receiving them as a check in the mail. 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?
To get the most out of your membership, you should be a regular REI customer who lives near a brick-and-mortar store location and pays full price. 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. REI Outlet purchases don’t eligible for dividends, as well.
Will you use the exclusives?
Co-op Experiences are discounted for members, but dividends cannot be used to pay for trips (or to classes at the REI Outdoor School). It’s a good idea to join up for the Co-op membership even if you only shop in the sale section to take advantage of the other benefits, such as savings on REI Adventures. Instead of receiving profits, you’ll save money on the whole cost of your tripand then some. 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 some cases, joining up for the Co-op membership can be advantageous even if you never return to a REI (or even visit the website) again. With more expensive items like GPS running watches or family-sized canopy tents in mind, it’s absolutely worth it to join the club. For example, 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, no one can disagree with the idea of free money.
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. To qualify for free shipping at REI, you must spend at least $50, and larger, heavier products may incur additional handling fees. With in-store pickup, this isn’t a problem for those who live near a REI, but for those who don’t, shipping and handling fees can add up, making online buying more expensive.
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. So, if your order isn’t eligible for dividends or free delivery, having exclusive access to REI discounts through Co-op membership isn’t worth 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).
Does REI make a profit?
Covid-19 had a substantial financial influence on REI’s top and bottom lines in 2020, which were reported this week. The co-op made $2.75 billion in sales during the year, down 11.8 percent from 2019. Last year, it made a profit of $21 million, but this year, it lost $34.
