We may change APRs, fees, and other Account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.
Interest Rates and Interest Charges | REI Co-op World Elite Mastercard® |
Annual Percentage Rate (APR) for Purchases | REI Co-op World Elite Mastercard®: 12.49% to 24.49% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate. |
APR for Balance Transfers | REI Co-op World Elite Mastercard®: 12.49% to 24.49% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate. |
APR for Cash Advances | REI Co-op World Elite Mastercard®: 25.49% This APR will vary with the market based on the Prime Rate. |
Penalty APR and When it Applies | Not applicable |
How to Avoid Paying Interest on Purchases | Your due date is 24 - 30 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. |
Minimum Interest Charge | If you are charged interest, the charge will be no less than $2. |
For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore |
Fees | REI Co-op World Elite Mastercard® |
Annual Fee | |
• Annual Membership Fee
|
None |
Transaction Fees | |
•
Balance Transfer
|
Either 3% of the amount of each transfer or $5 minimum, whichever is greater. |
•
Convenience Check Cash Advance1
|
Either 3% of the amount of each advance or $5 minimum, whichever is greater. |
•
Cash Advance ATM
|
Either 4% of the amount of each advance or $5 minimum, whichever is greater. |
•
Cash Advance
|
Either 4% of the amount of each advance or $5 minimum, whichever is greater. |
•
Cash Equivalent Advance
|
Either 4% of the amount of each advance or $10 minimum, whichever is greater. |
•
Overdraft Protection
|
None |
•
Foreign Transaction
|
None |
Penalty Fees | |
•
Late Payment
|
Up to $39 |
•
Returned Payment
|
Up to $35 |
•
Overlimit
|
None |
REI Co-op Mastercard Rewards
(a) We will request that REI award the following REI Co-op Mastercard Rewards:
If the transaction is a Qualified REI Purchase made using an eligible mobile wallet provider, the reward will be 5% back. If the transaction is a Qualified Non-REI Purchase made using an eligible mobile wallet provider, the reward will be 2% back. REI Co-op Mastercard Rewards earned on the Account accrue monthly and are awarded annually by REI via the REI Member dividend.
(b) Earned 5% in Qualified REI Purchases, 2% in Qualified Mobile Wallet Purchases, and 1% in Qualified Non-REI Purchases on your Account are awarded on the last day of each billing period as long as your Account is in good standing at the close of that day. This amount will be rounded to the nearest cent and provided to REI. This amount will then be totaled by REI to provide the annual sum that will be reflected on your annual dividend notice issued by REI. We will not request that REI award REI Co-op Mastercard Rewards for Advances (including wire transfers, traveler’s checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Convenience Checks, Balance Transfers, INTEREST CHARGES and Fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items. However, from time to time we may request that REI award REI Co-op Mastercard Rewards for bonuses or special promotions. Your Account must be in good standing to receive REI Co-op Mastercard Rewards for bonuses or special promotions. We reserve the right to adjust the amount of REI Co-op Mastercard Rewards requested from REI for Qualified REI Purchases, Qualified Mobile Wallet Purchases, and Qualified Non-REI Purchases or to stop requesting REI Co-op Mastercard Rewards for Qualified REI Purchases, Qualified Mobile Wallet Purchases, and Qualified Non-REI Purchases on the Account at any time with or without notice to you.
(c) Net Purchases for Qualified REI Purchases for a billing period are determined by adding all new Qualified REI Purchases recorded to your Account during the billing period and subtracting any returned Qualified REI Purchases and any other Qualified REI Purchase credits and chargebacks by merchants that have been recorded to your Account during the billing period. If credit for returned Qualified REI Purchases, credits or chargebacks exceed Qualified REI Purchases in any billing period, the excess credits will be carried forward into successive billing periods and subtracted from future new Qualified REI Purchases to determine the Qualified REI Purchases for those successive periods.
(d) Net Purchases for Qualified Mobile Wallet Purchases for a billing period are determined by adding all new Qualified Mobile Wallet Purchases recorded to your Account during the billing period and subtracting any returned Qualified Mobile Wallet Purchases and any other Qualified Mobile Wallet Purchase credits and chargebacks by merchants that have been recorded to your Account during the billing period. If credit for returned Qualified Mobile Wallet Purchases, credits or chargebacks exceed Qualified Mobile Wallet Purchases in any billing period, the excess credits will be carried forward into successive billing periods and subtracted from future new Qualified Mobile Wallet Purchases to determine the net Qualified Mobile Wallet Purchases for those successive periods.
(e) Net Purchases for Qualified Non-REI Purchases for a billing period are determined by adding all new Qualified Non-REI Purchases recorded to your Account during the billing period and subtracting any returned Qualified Non-REI Purchases and any other Qualified Non-REI Purchase credits and chargebacks by merchants that have been recorded to your Account during the billing period. If credit for returned Qualified Non-REI Purchases, credits or chargebacks exceed Qualified Non-REI Purchases in any billing period, the excess credits will be carried forward into successive billing periods and subtracted from future new Qualified Non-REI Purchases to determine the net Qualified Non-REI Purchases for those successive periods.
(f) Eligibility for the REI Co-op Mastercard Program is subject to the terms of the REI Co-op Mastercard Program, however defined, and subject to change with or without notice in accordance with the terms and conditions governing the REI Co-op Mastercard Program. We have no obligation to award REI Co-op Mastercard Rewards in the REI membership program.
(g) REI is not a party to this Agreement and has no authority regarding the Account, including with respect to any extension of credit on the Account. We are solely responsible for all credit extended on the Account. REI is not a creditor or owner of the Account. You authorize us to share information about you and your Account with REI.
(h) Eligibility for the award and redemption of the REI Co-op Mastercard Reward are subject to the terms established by any agreement you have with REI and may be conditional on your REI membership. The REI membership number on this Account must belong to the primary Cardmember.
(i) We are not responsible for any terms and conditions which REI may impose on the award and use of REI Co-op Mastercard Rewards issued by REI or the failure of REI to honor these rewards.
(j) We will show on your monthly Account statement the accrued REI Co-op Mastercard 5% reward of Qualified REI Purchases, 2% reward of Qualified Mobile Wallet Purchases, and 1% reward of Qualified Non-REI Purchases amount as reflected in our records. There may be a delay between the date you make a Purchase, the date we report new Purchases to REI, and the date REI acts upon the information, and that, for this and other reasons, our records and the records of REI regarding REI Co-op Mastercard Reward amounts may differ.
(k) We reserve the right to amend or cancel the Program or change the Program benefits at any time with or without notice to you.
The creditor and issuer of the REI Co-op World Elite Mastercard is U.S. Bank National Association, pursuant to a license from Mastercard International Incorporated, and this card is available to United States residents only.
© 2019 U.S. Bank
© 2019 Recreational Equipment, Inc. All rights reserved.