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  1. #1
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    REI Dividend Coming SOON!

    So REI dividends should be available in the next few weeks! You guys have any idea what your going to pick up with it? Or are you going to wait and get the cash?

    And BTW, there's no way to see in advance how much our checks will be right?
    adam • michigan • karate monkey

  2. #2
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    call the up and they will tell you

  3. #3
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    yep, they can tell you how much when you call them. i returned something the other day and didn't have a receipt- they pulled up all my purchases last year to find the purchase. stinks because i bought a ton of stuff, but most was discounted or with a coupon (which aren't eligible for the dividend).

    i plan on using the dividend plus the 20% off coupon toward a new tent!
    - 1995 Giant ATX 870
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  4. #4
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    Quote Originally Posted by Eric Z
    yep, they can tell you how much when you call them. i returned something the other day and didn't have a receipt- they pulled up all my purchases last year to find the purchase. stinks because i bought a ton of stuff, but most was discounted or with a coupon (which aren't eligible for the dividend).

    i plan on using the dividend plus the 20% off coupon toward a new tent!
    Yeah, I just found that out myself. I figured I would have $40-50 coming to me. It turns out I only spend $12 on eligable purchases, so I will get a whole dollar! I hope I don't spend it all at one time.

    I was going to get some new pedals too, oh well, so much for that.
    Get on your bikes and ride!

  5. #5
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    what are you guys talking about

  6. #6
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    Quote Originally Posted by Hardtail Rider
    what are you guys talking about
    REI recreation equipment incorporated-

    It is a camping/backpacking/cycling store- they are a co-op owned by members (like me) every dollar you spend gets added up, then, at the end of the fiscal year, they tally the profits and divide it amongst the members (hence the term dividend), and cut you a check. You can either spend it in the store or cash it. If you spend it in the store, you get 20% off any item. The dividend is usually around 10% of all non-sale purchases made, depending on how REI performed as a company. It can be as low as 8% or as high as 11%.

    I may cash mine out this year- but I can always be temtped in the store!!

  7. #7
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    Did you know that REI supports the Sierra Club? I used to buy stuff from them until I found this out. It's pretty ironic that they donate money to a club that opposes the activities of other outdoor enthusiasts. Now I don't buy from them... because the Sierra Club sucks.

  8. #8
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    YAY!!!!! I'm gonna get me some new snowboard bindings.

  9. #9
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    Quote Originally Posted by pro
    YAY!!!!! I'm gonna get me some new snowboard bindings.
    YAY!! I'm gonna get a coffee mug! Maybe.

    Do you guys really spent that much to get huge dividends? I must not shop there often enough, as my dividend is always a pittance. Even when I buy something "expensive", like a tent.

    Gotta' love REI though.

  10. #10
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    I'm sure I've spent at least $1000 there last year
    adam • michigan • karate monkey

  11. #11
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    Quote Originally Posted by dirt farmer
    YAY!! I'm gonna get a coffee mug! Maybe.

    Do you guys really spent that much to get huge dividends? I must not shop there often enough, as my dividend is always a pittance. Even when I buy something "expensive", like a tent.

    Gotta' love REI though.
    Yeah, when they send you your dividend they say how much you spent there. I think it was like 1200 or something. Little purchases add up.

    I would add some money too, but the dividend should pay for 1/2 of it.

  12. #12
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    Quote Originally Posted by Jim311
    Did you know that REI supports the Sierra Club? I used to buy stuff from them until I found this out. It's pretty ironic that they donate money to a club that opposes the activities of other outdoor enthusiasts. Now I don't buy from them... because the Sierra Club sucks.
    And they also support some local riding organizations at the store level. I've heard of them helping organize rides and sending some cash to the local clubs. So even more ironic that they do fund both sides of the SC / IMBA battle.

    JmZ
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    From one flat land to another.

    Advocate as if your ride depends on it...

  13. #13
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    Support

    The local REI has benefited our trails with a big work crew every Trails Day for the last 4 years.

    3 years ago they gave 10K to the Friends group who split it with us enabling me to rent a Ditch Witch for 2 weeks and cut 3 miles of new trail. Plus some of the remainder went to purchase a work ATV that I get to use.

    Some of the park's trails are off-limits to bike riders, but I have permission to put in a new 4-mile loop, and will get access to another area that was just added to the park last year. The Sierra Club isn't as militant in the midwest. REI has been very good to us.

    Walt

  14. #14
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    Quote Originally Posted by bikerboy
    Yeah, I just found that out myself. I figured I would have $40-50 coming to me. It turns out I only spend $12 on eligable purchases, so I will get a whole dollar! I hope I don't spend it all at one time.

    I was going to get some new pedals too, oh well, so much for that.
    close call with last year's div- it was $2.40- haha. when i bought something, he asked if i wanted to put my div toward it- i laughed, but better than nothing. just turns out i usually buy stuff with 20% coupon, clearance, or garage sale.
    - 1995 Giant ATX 870
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  15. #15
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    sweet... we generally get back over $200 every year. REI is literally down the block from our place. I buy everything there out of convenience and laziness. Unfortunately, they don't have much cycling stuff for us to buy. We usually get camping, hiking equipment. Shoes. Some Xmas gifts. They are always giving 20% discounts.
    Klein Attitude & Palomino replaced with an 09 Specialized Stumpy FSR Elite.

  16. #16
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    ive found i save more money by shopping at other stores which have better prices in the first place...

  17. #17
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    Quote Originally Posted by FLMike
    ive found i save more money by shopping at other stores which have better prices in the first place...
    This might be true but when i buy a something, use it for a week, and bring it back with the reason of "it just didnt do it for me" and the response i get is "no problem what was wrong maybe we can find something better". That is a store I will always spend my money at even if its a few dollars more.

    As for my check the wife wants a Burley trailer for the little one, so what I want doesn't really count

  18. #18
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    I bought $485 worth of bike lights probably 5 months ago that I wanted to return, I used them 3 times and I didnt have my receipt. They Said, "No problem, how did you want your refund?" They rounded up the cash for me (altho I spent about $150 of in the store), and I was on my way! There Customer service is top notch!
    adam • michigan • karate monkey

  19. #19
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    Quote Originally Posted by acaridans
    This might be true but when i buy a something, use it for a week, and bring it back with the reason of "it just didnt do it for me" and the response i get is "no problem what was wrong maybe we can find something better". That is a store I will always spend my money at even if its a few dollars more.
    I suppose I might feel differently if the closest store wasnt 500 miles away. Im limited to online ordering from REI....

  20. #20
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    That's a good point! I can be at REI in about 8 minutes!
    adam • michigan • karate monkey

  21. #21
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    Yeah, REI isn't cheap, but with the occasional 20% off deals and occasional sales, we find some good deals. There are cheaper outdoors stores in portland, but if you're savvy you'll find good deals. That said, I rarely buy bike-related stuff there... there are tons better deals and stock online and at the LBSs.
    Klein Attitude & Palomino replaced with an 09 Specialized Stumpy FSR Elite.

  22. #22
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    Quote Originally Posted by ADDam
    I bought $485 worth of bike lights probably 5 months ago that I wanted to return, I used them 3 times and I didnt have my receipt. They Said, "No problem, how did you want your refund?" They rounded up the cash for me (altho I spent about $150 of in the store), and I was on my way! There Customer service is top notch!
    My garmin 305 broke with the typical powering off when you hit a bump issue. I took it back to REI, they gave me a new unit, and since the price they had listed now was lower than when I bought, they refunded me the difference.

    Sooo

    I walk in with a broken Garmin 305
    I walk out with a brand new one and $85.

    :wq

  23. #23
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    Quote Originally Posted by ADDam
    I bought $485 worth of bike lights ...


    Do you run a fleet??!!

  24. #24
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    Quote Originally Posted by Eric Z
    because i bought a ton of stuff, but most was discounted or with a coupon (which aren't eligible for the dividend).
    I didn't know that discounts didn't count until after I bought that membership. It pissed me off because the only time I buy something from REI is when they have a sale. Otherwise their crap is waaaaay too expensive. I have yet to buy something for full price form REI.
    Giving money and power to government is like giving whiskey and car keys to teenage boys.
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  25. #25
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    i really enjoy rei, but i can see how some stuff is overpriced; however, some things are priced pretty fairly. and like others said, the 20% off a few times/year helps a lot.

    i am fine with spending a little more if i know the store really cares about the customer- i've had nothing but excellent service there. no questions asked about returns. it's also great how you don't need a receipt (if you're a member) and they will even refund you in cash even if you charged it. also, great about shoes, too- buy them and you wear them out and don't like them? return them and get another pair.

    if you haven't tried them, give them a shot! glad they just opened 2 new stores in the chicagoland area- also, it's great one is just 5 miles away.
    - 1995 Giant ATX 870
    - 2011 Salsa El Mariachi XL
    - 2011 Kona Unit (singlespeed) XL

  26. #26
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    Just got off the phone with REI, Dividends ARE available. Mine is $60 and She said that I bought about $400 in sale items which didnt count against my dividends!
    adam • michigan • karate monkey

  27. #27
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    I've already received mine and it was only $44 this year, mainly because everything I do buy at REI is on sale when i buy it. I do like the store and their return policy, but I really can't see paying full price on much of their stuff.

    As others have said, there's not a lot of bike related gear that I buy there either. Most of what they have is either entry level or priced higher than I can get it online or the LBS.

  28. #28
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    you guys should get a rei credit card.

    http://www.usbank.com/cgi_w/cfm/credit/rei/usb_rei.cfm


    The REI Visa Credit Card is the only credit card that helps you get a bigger REI dividend and gives back to the outdoors. Every purchase increases your dividend when you use your REI Visa Credit Card.

    5% rebate on all REI purchases.1
    1% rebate on all non-REI purchases.2
    All this on top of your REI member refund. (typically 10% on your eligible REI purchases3
    No Annual Fee

  29. #29
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    WHOA, That is SO weird! this afternoon I applied and was accepted for an REI Visa! I heard that it's a very good card to have!
    adam • michigan • karate monkey

  30. #30
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    Damn on the Visa. And to be clear that is 1% back on non-REI purchases. As in if I get a $20 in gas I get $0.20 credit? or $200 tent from Sun and Ski I get $2 credit at REI? And if I get something from REI I get 5% plus the 10% with my membership?

    I happend to stop by REI after I did a 5k just to check things out. Apparently they were having their scratch and dent sale. Holy crap the place was packed. I happend to find some used REI boots for $35 that are normally 90, so I got them.
    Giving money and power to government is like giving whiskey and car keys to teenage boys.
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  31. #31
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    My shopping list:

    -New grips
    -Bar ends
    -Bike computer
    -Possibly a floor pump?
    -Slicks

    Just a few little things to get the season going for me.

  32. #32
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    I love REI. One of my favorite stores. I dont mind the higher prices because I know that if anything ever goes wrong with what I bought, they will replace it with a new one. I love their 100% Satisfaction Guarantee program, saved me a lot of money.

    I got my dividend yesterday in the mail. A whopping $7.90!
    2009 SX Trail 2

  33. #33
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    I scooped up some Keen commuter sandals today. They pretty young lady behind the counter cut me some slack and allowed me to use my 20% coupon a day early so with my dividend and my coupon, I payed 18 bucks for some neat bike sandals. I love REI...

  34. #34
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    I just got back from REI! I Used my Dividend on a Pair of Tifosi Fototec glasses with Rose lenses. Dividend payed for the whole thing!

    adam • michigan • karate monkey

  35. #35
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    OK, it's that time of year again to bump this up.

    I just received mine for a whopping $34.79.

    I do not need brake pads or brake accessories, grips, cable, hydration accessories, tires.

    I guess the only thing I can think of is to use it for clothing.

    Unless youse guys have any more bright ideas??

  36. #36
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    Quote Originally Posted by dirt farmer
    OK, it's that time of year again to bump this up.

    I just received mine for a whopping $34.79.

    I do not need brake pads or brake accessories, grips, cable, hydration accessories, tires.

    I guess the only thing I can think of is to use it for clothing.

    Unless youse guys have any more bright ideas??
    THIS

    I Have one and it's AMAZING!
    adam • michigan • karate monkey

  37. #37
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    Quote Originally Posted by ADDam
    THIS

    I Have one and it's AMAZING!
    I've got one of those! I found it on the trail circa 1997. Yeah, it's old. But it's a Leatherman, and works fine! Just doesn't have all the modern cosmetic bells and whistles.

  38. #38
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    I'm buying a Yakima box for the roof of my wagon. My dividend was $64.
    :wq

  39. #39
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    Quote Originally Posted by dirt farmer
    OK, it's that time of year again to bump this up.

    I just received mine for a whopping $34.79.

    I do not need brake pads or brake accessories, grips, cable, hydration accessories, tires.

    I guess the only thing I can think of is to use it for clothing.

    Unless youse guys have any more bright ideas??
    Well... Um... Uh, you could always give it to me.

    This thread reminds me, tomorrow I get to drive 40 miles down the peninsula to REI for some bar tape, because none of my LBS carry it. I actually do like REI better though, their prices are usually cheaper than the LBS, and they have a great return policy. I need to return some knee warmers that just didn't work, and maybe see about returning my shoes that are now missing the plate for the cleat to bolt onto.
    Sometimes, I question the value of my content.

  40. #40
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    They really do have a great return policy!

  41. #41
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    Got mine, $28 this year. I'll probably buy a shirt or something. Not much in the bike department I need.

  42. #42
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    Rei Visa

    +1 on the REI Visa. Our dividend was $430 this year. we got the card and put everything we can, ie. bills, food, gas on it, and make sure we only put what we are going to pay off at the end of the month. I buy alot of sale items at REI too, but with the card you get 5% instead of nothing. With their great customer service and return policy you can't beat it.

  43. #43
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    I heard that they recruit for that Taliban. The dividend is actually revenue from the illicit heroin business that funds Al Qaeda. No thanks! I'll take my business to the internet where I know my money is safe.
    I said, "Do you speak-a my language?" He just smiled and gave me a vegemite sandwich...

  44. #44
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    The VISA is great, although I primarily use my Costco American Express. My dividend is $74. I'm going to use that and the 20% off to get a Garmin Oregon 400 GPS.

    A lot of things at REI are spendy, but not everything. The GPS is roughly comparable to what you could get it for online, but this one has a guarantee. I really use it, too. Anything I'm not totally sure about, or that I'm afraid will break (like my Joplin 4 post...only $215 BTW) I get at REI. You have to take 10% off all the regular prices for the divedend, too. So, between the warranty and the 10%+, the prices aren't that bad.

    Some people do abuse the return policy though. At the parking lot sale, I once saw a pair of old boots. The tag said "wore for 10 years- decided he didn't like". WTF?

  45. #45
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    $78 put towards a new Thule Bike Rack with levers. The old one (going on Craigs List) is in great shape but I hate the old style pins every time I drop it or the bars.

  46. #46
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    Quote Originally Posted by @dam
    My dividend is $74. I'm going to use that and the 20% off to get a Garmin Oregon 400 GPS.
    When will people learn to read the exclusions...

  47. #47
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    Well, it arrived today... but it's only $15.71

    I really need to spend more at REI.

    Looks like I'll be buying a carton of Gu gels, chocolate flavored.

  48. #48
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    FYI: If you purchase items individually online from REI, you can get 20% off everything you buy. Yeah...your welcome!

  49. #49
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    I got a whopping 1.74 but I only shop garage sales so I'm not sure how I even got that much.
    They were willing to give their lives for yours, some of them did, others just gave up their way of life. Support the WWP.

  50. #50
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    dividend

    ours was $567 this year!! I recommend the REI visa, we put all our bills and anything we normally buy on it, then pay it off at the end of every month and bam! way better than the stupid travel points cards...

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