Capital One · Mastercard
Capital One REI Co-op Mastercard
No annual fee · 1.5% on everything else · no foreign transaction fees
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Everything else | 1.5% | uncapped |
Non-cash perks
- Mastercard World Elite benefits
- No foreign transaction fees
- $2M annual company donation to the REI Cooperative Action Fund
- Annual Cardmember Double Rewards event (extra 5% at REI for a limited window)
- Rewards redeemable as soon as they post, no minimum balance
Does the fee earn out? · how we got this
No annual fee, so every point earned is pure upside. The question is only whether its rates beat the other cards already in your wallet — which depends on your spending, not the card.
Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.
More from Capital One
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Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-08-21 against issuer terms · sources: www.capitalone.com · www.capitalone.com. Spot an error? Tell us.