U.S. Bank, REI Renew Multi-Year Contract
May 15 2015 - 9:00AM
Business Wire
Co-branded cards now on MasterCard network;
include ‘chip’ for additional security
U.S. Bank announces the long-term renewal of its co-brand
partnership with REI and the launch of the new REI World
MasterCard®.
Under the agreement, the new REI co-branded credit cards will
offer members more opportunities to earn through everyday
purchases. The card portfolio will be converted to MasterCard with
EMV chip-card technology, better protecting members from
card-present counterfeit fraud.
“We are thrilled to continue our partnership with REI,” said
Robert Goeller, senior vice president at U.S. Bank. “This long-term
extension and partnership enhances our existing credit-card program
through delivery of high-value products and services. Our goal is
to enable REI members to accelerate reward earnings and take
greater advantage of REI’s exceptional service, gear and unique
adventure-trip experiences.”
The launch of the new REI World MasterCard offers members many
benefits, including:
- 5 percent back on all REI
purchases
- 2 percent back on groceries through
March 2016
- 1 percent back everywhere else the card
is accepted
- No annual fee
- $100 REI gift card for all new accounts
opened with a purchase made within 60 days of opening the
account
- Other exclusive MasterCard benefits and
features
“REI members could turn up in any and every country as they
pursue their outdoor passions. They can travel with confidence
knowing that MasterCard is widely accepted,” said Michael Cyr,
executive vice president, Market Development, MasterCard. "REI
cardmembers also gain peace of mind from greater chip card security
and protection. You can safely use your MasterCard, anywhere,
anytime.”
For more about the REI World MasterCard or to apply today, visit
www.reimastercard.com. Full terms and conditions apply.
About U.S. BankU.S. Bancorp (NYSE: USB), with $410
billion in assets as of March 31, 2015, is the parent company of
U.S. Bank National Association, the fifth-largest commercial bank
in the United States. The company operates 3,172 banking offices in
25 states and 5,016 ATMs and provides a comprehensive line of
banking, brokerage, insurance, investment, mortgage, trust and
payment services products to consumers, businesses and
institutions. Visit U.S. Bancorp on the web at www.usbank.com.
About MasterCardMasterCard (NYSE:
MA), www.mastercard.com, is a technology company in the
global payments industry. We operate the world’s fastest
payments processing network, connecting consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. MasterCard’s products and solutions
make everyday commerce activities – such as shopping, traveling,
running a business and managing finances – easier, more secure and
more efficient for everyone. Follow us on
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About REIREI is the nation’s largest consumer co-op with
a growing community of more than 5.5 million members. In March the
leading outdoor retailer announced a record annual dividend,
returning $168 million to its members. As part of its mission to
give back to the outdoor community, REI will also invest nearly $8
million in non-profits and new projects to create access to
inspirational outdoor places.
U.S. Bank Public RelationsMichael Bares,
612-973-1918michael.bares@usbank.com
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