Today, REI Co-op, the largest consumer co-op and outdoor specialty retailer in the United States, and Capital One, introduced their card partnership and launched the new REI Co-op® Mastercard® program - Clipsit. This new program offers existing and new cardholders a compelling set of benefits and inspires members' daily pursuit of a life outside by rewarding everyday purchases to support their outdoor adventures.
The new REI Co-op Mastercard, made of 85% recycled materials, offers benefits for REI members that recognize their passion for the outdoors, including:
Cardmembers will also receive 5% back in card rewards for donations made to the REI Cooperative Action Fund, a 501(c)(3) community-supported public charity that directly supports organizations promoting justice, equity and belonging in the outdoors. Capital One will also support the fund with an annual donation as a key pillar of the card partnership.
Capital One offers industry-leading digital capabilities that help create a seamless experience for cardholders, including a top-rated mobile app. In addition to Capital One's digital focus, REI chose the company as its new card partner with an appreciation for common values, including demonstrated commitment and action in the areas of community engagement, financial well-being, sustainability and diversity, inclusion and belonging for its community.
In 2022, Capital One was named to Time's "100 Most Influential Companies" list for its decision to eliminate overdraft fees and non-sufficient funds fees for all Capital One consumer bank customers, and are consistently recognized on 'best places to work' lists including Forbes "Best Employers for Diversity." Capital One is also committed to protecting the environment, with further information available at https://www.capitalone.com/environment.
For more information on programs REI has been working on most recently visit REI's 2021 Impact Report. For more information on the REI Co-op Mastercard, offered by Capital One, please visit rei.com/mastercard.
REI is a specialty outdoor retailer, headquartered near Seattle. The nation's largest consumer co-op, REI is a growing community of 21.5 million members who expect and love the best quality gear, inspiring expert classes and trips, and outstanding customer service. REI has 177 locations in 41 states and the District of Columbia. If you can't visit a store, you can shop at REI.com, REI Outlet or the REI shopping app. REI isn't just about gear. Adventurers can take the trip of a lifetime with REI's active adventure travel company that runs more than 100 itineraries across the country. In many communities where REI has a presence, professionally trained instructors share their expertise by hosting beginner-to advanced-level classes and workshops about a wide range of activities. To build on the infrastructure that makes life outside possible, REI invests millions annually in hundreds of local and national nonprofits that create access to—and steward—the outdoor places that inspire us all.
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com