A collated rebar clinch clip has three components including a pair of spaced U-shaped crimp elements and a U-shaped bridge element connecting the crimp elements. The crimp elements and bridge element are cut from continuous lengths of stock material. A plurality of clinch clips are joined together by a pair of cords to form a collated series of clinch clips that may be arranged in a linear series or spirally wound to form a coil. The tool includes a frame, a die set with a sliding blade and a fixed anvil, an actuator to linearly move the blade relative to the anvil, and a magazine to hold collated clinch clips for sequential delivery between the blade and anvil to tie together a first length of rebar extending through the bridge element and a second orthogonal length of rebar extending through the crimp elements.