Capital One
REI Co-op Mastercard
Estimated value every year on typical spending
$156/ year
Every year, after the annual fee. Year one adds a $100 welcome bonus: $256
Based on a typical ~$2,600/month of spending. Points valued conservatively; confirm terms with the issuer.
Carry a balance? At 20%+ APR, interest usually costs more than any card earns.
Is it worth it?
With no annual fee, the Capital One REI Co-op Mastercard can't cost you money to hold, so the question is only whether another card would earn more. It's worth about $156 a year on typical spending. The welcome bonus adds roughly $100 in the first year.
Its rewards are REI card dividend, which only spend with one merchant, so we count them at 50% of face value.
The fine print
- Intro APR
- Not listed
- Regular APR
- 17.49% to 28.49% variable
- Foreign fee
- None
- Top perk
- $2 million annual donation to the REI Cooperative Action Fund
- Approval
- Good credit recommended
- Redeem for
- Statement credit · Direct deposit · Gift cards
Rewards
- 5% in card rewards on REI Co-op purchases
- 1.5% on all other purchases
Sign-up bonus
$100 REI gift card after first purchase outside of REI within 60 days from account opening.
Best for
- Keeping costs at $0
Not ideal for
- Anyone who doesn't shop there often (rewards are REI card dividend, so we count them at half value)
- Frequent international travelers
Trade-offs: No annual fee ↔ lower category bonuses.
Worth knowing
- Annual fee
- $0
- Intro APR
- Not listed
- Regular APR
- 17.49% to 28.49% variable
- Balance transfer fee
- 3% on the amount of each transferred balance that posts to your account at a Promotional APR that we may offer you.
- $1200/mo on everyday spending earns about $72/year (0.5%).
Offer history
No changes to the fee, welcome offer or intro APR since we started checking this card daily on Oct 26, 2026.
REI Co-op Mastercard: questions people ask
Is the Capital One REI Co-op Mastercard worth it?
With no annual fee, the Capital One REI Co-op Mastercard can't cost you money to hold, so the question is only whether another card would earn more. It's worth about $156 a year on typical spending. The welcome bonus adds roughly $100 in the first year.
What is the Capital One REI Co-op Mastercard annual fee?
The Capital One REI Co-op Mastercard has no annual fee ($0).
What is the Capital One REI Co-op Mastercard welcome bonus?
$100 REI gift card after first purchase outside of REI within 60 days from account opening. We value it at about $100. We check the issuer's page daily; it hasn't changed since we started tracking on Oct 26, 2026.
What does the Capital One REI Co-op Mastercard earn?
5% in card rewards on REI Co-op purchases. 1.5% on all other purchases.
What credit score do you need for the Capital One REI Co-op Mastercard?
The issuer recommends good-excellent credit. Checking your matches on CardFit never runs a credit check.
Does the Capital One REI Co-op Mastercard charge foreign transaction fees?
No. The Capital One REI Co-op Mastercard has no foreign transaction fee.
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Card details are collected from issuer websites and were last refreshed October 29, 2026. Source: Capital One product page. Terms change often; confirm them with the issuer before you apply.