PerkStreet Financial Review
As you probably already know, it is getting tougher and tougher to get a good deal on a bank account. Fees are rising on personal checking accounts and interest rates are low on personal savings. It would be good to get any kind of return on your money from a bank. Perkstreet Financial has a cash back offer that rewards account holders with cash back.
It is called the 2% Cash Back Program
Account holders will receive 2% cash back on all shopping purchases and bill payments made using a Perkstreet Financial Debit Card.
Here’s how it works
You will earn 2% cash back for all non-PIN debit card purchases made for the first 3 months. The countdown begins starting on the day that your account is opened. You can earn an unlimited amount of money since there is no cap on your earnings. After the first 3 months, you will continue to earn 2% or more if your balance is $5,000 or more.
If your balance drops to less than $5,000, you can still qualify for cash back. You will earn 1% cash back on all non-PIN debit card transactions. The total amount of cash back you can earn remains unlimited. That’s still a pretty good deal. Most checking accounts do not give any cash back to account holders.
All customers qualify for the 5% cash back bonus rate. The 5% bonus rate is limited to $250 per household annually. Non-PIN debit card purchases will earn 5% cash back during May 2011 at Zulily, Groupon, and Living Social.
The 5% bonus is often applied to different retailers depending on the month. You can check the Perkstreet Financial website to see which retailers will qualify you for the 5% reward during the month.
Coffee Rewards Program
Perkstreet offers coffee rewards and music rewards as well. Coffee rewards are good for Starbucks, Dunkin Donuts, Peet’s Coffe & Tea, and Bruegger’s. For every $200 in non-PIN debit card purchases, you will earn 2 cups of coffee when your balance is 5,000 or more or 1 cup when it is below $5,000.
Music Rewards Program
You can get a 2% music reward usable at iTune, Amazon, and Rhapsody. For every $100 in debit card purchases, you will earn 2 songs for an account balance greater than $5,000.. You will earn1 song when you spend $100 and the balance is below $5,000. You will earn up to 5 songs for every $100 in debit card purchases
I would prefer to have the cash personally but you can select the Rewards program that works the best for you.
Opening an account only requires a $25 deposit. There are no maintenance fees, no account minimums, no low balance fees, and no debit card fees ever. There is an inactivity fee of $4.50 that account holders should be aware of. That fee kicks in if you don’t perform any transactions on your account. Since a checking account is a transaction account, that should not be a problem. Any withdrawal or deposit should keep cardholders from being charged a fee.
Stay on budget by signing up for the PerkStreet FinancialSM Debit MasterCardÂ®. You could earn over $600 in rewards a year with the only unlimited 2% cash back debit card. Plus, this spring you’ll rack up even more cash with 5% cash back in popular categories.