REI dividend

[JChitwood]

Thanks for reminding me. I remember your wife’s health issue but forgot about REI’s role. Hope she has recovered as much as possible.

[Jay521]

I put all $223K of my grandmothers nursing home care onto my Visa card. Figured if the family was gonna bleed, I was gonna get something back. Boom!

You're credit limit is a helluva lot higher than mine!

Memory care is $11K/month. Plan ahead...

Oh I have planned ahead - -there's just no way I could put it on my Visa (or MC or AmEx, etc.)

And good for you!!!

[greenonion]

I have one with 0% for 18 months.

that's a surefire way to rack up debt

Hey ker0uac, what's up with your avatar photo? If you don't care, then neither will I. Just thought I would point it out... unless I'm the only one seeing the oddity??

[d_baker]

I have one with 0% for 18 months.

that's a surefire way to rack up debt

Hey ker0uac, what's up with your avatar photo? If you don't care, then neither will I. Just thought I would point it out... unless I'm the only one seeing the oddity??

His big head?

Or, the times it doesn't show up on mobile? I've seen that with his recently, but not today. He's an odd admin, after all!

[greenonion]

that's a surefire way to rack up debt

Hey ker0uac, what's up with your avatar photo? If you don't care, then neither will I. Just thought I would point it out... unless I'm the only one seeing the oddity??

His big head?

Or, the times it doesn't show up on mobile? I've seen that with his recently, but not today. He's an odd admin, after all!

The times it doesn't show up. For me, it's not showing up on the regular site beamed to me by a laptop.

[Candace66]

I put all $223K of my grandmothers nursing home care onto my Visa card. Figured if the family was gonna bleed, I was gonna get something back. Boom!

Off-topic, but...my credit score is about as high as it can be, and I sure don't have a CC credit limit remotely close to that. Or were you simply charging then paying off the 11K every month?

[bergsteigen]

I put all $223K of my grandmothers nursing home care onto my Visa card. Figured if the family was gonna bleed, I was gonna get something back. Boom!

Off-topic, but...my credit score is about as high as it can be, and I sure don't have a CC credit limit remotely close to that. Or were you simply charging then paying off the 11K every month?

Monthly! Yeah, putting all of that on at once would be insane. Plus the nursing home likes to be paid on time, monthly. It got me two good years of dividends. I should have gotten a better cash back card, but didn’t want to ding my credit by opening a new line of credit, even if I was paying off without fees.

[headsizeburrito]

Damn guys, are we talking about financial responsibilities here or bragging about getting free money to feed consumerism? I used part of my dividend on some new trail runners and will probably put the rest towards a new sleeping pad.

[Gene913]

are we talking about financial responsibilities here or bragging about getting free money to feed consumerism?

Neither. This is nothing more than a straightforward conversation about the REI Co-op Mastercard. All Co-op members receive a 10% dividend on qualifying purchases. In addition to this, the REI Co-op Mastercard offers 5% back on all REI purchases made with the card, and 1% back on all other purchases made with the card. This is the same thing as credit card companies that provide cash back or airline miles when their card is used to make purchases. A prudent consumer - who is going to purchase goods and services anyway - will use a credit card that has the features/benefits most desired by the consumer. It is actually financially educational to learn of the permissibly creative ways that others have used the available features/benefits offered by a credit card company.

[headsizeburrito]

Just trying to bring a little levity and 14er-related discussion to the thread.

[nyker]

My dividend this year a paltry $13

..think any dividend this year will pale in comparison to the stimulus checks...

[justiner]

are we talking about financial responsibilities here or bragging about getting free money to feed consumerism?

Neither. This is nothing more than a straightforward conversation about the REI Co-op Mastercard. All Co-op members receive a 10% dividend on qualifying purchases. In addition to this, the REI Co-op Mastercard offers 5% back on all REI purchases made with the card, and 1% back on all other purchases made with the card. This is the same thing as credit card companies that provide cash back or airline miles when their card is used to make purchases. A prudent consumer - who is going to purchase goods and services anyway - will use a credit card that has the features/benefits most desired by the consumer. It is actually financially educational to learn of the permissibly creative ways that others have used the available features/benefits offered by a credit card company.

I think this idea breaks down when you price compare against REI - you can usually get a better deal some-a-wheres else. So all you really get from REI is convenience, imo.