***As of 8/13/2013 Perkstreet Financial has announced that it is closing it’s doors. This is sad to hear, but we are grateful for the opportunity to get cash back while it lasted. In case you had never heard of Perkstreet, here is some info about what they used to offer.
Most people don’t realize that they can get cash back by using a debit card. Every day people make purchases with their debit card and never get anything in return. That is about to change. There is a bank called Perkstreet where you can get up to 2% cash back on your purchases. Kim and I have been using it for about two months now and we love it. Here is why:
A Cash Back Debit Card
The fact that we can get up to 2% cash back on our debit card is incredible. I have been using a debit card for over 10 years and I have NEVER got cash back before. For the first 2 months of purchases with our Perkstreet debit card we got about $38 in cash back for just buying the things that we normally buy. The cash back is only for purchases that you run through as credit, so we just make sure to select that option at the register. We also have hooked it up to pay our recurring bills like our cell phones, internet, satellite, etc. This way we get cash back on those as well. Here is a breakdown of how the cash back is earned:
Since this bank is backed by the FDIC, our deposits are protected for up to $250,000.
Mastercard Zero Liability
The Perkstreet debit card has the same protection as a credit card. This means we won’t be held responsible for unauthorized transactions made via phone, online, or in-store if our card is lost or stolen. T
There are over 42,000 ATM’s in the U.S. that are surcharge-free. This means we have more options than we did with our traditional bank and we don’t have to pay a surcharge.
There are no annual fees or finance charges with a Perkstreet account. In fact, there isn’t even a credit check required to open an account.
Being able to pay bills online has made my life so much easier. I probably don’t spend more than 10 minutes a month now that I can pay my bills online. here is what we are able to do with Perkstreets online bill pay:
- Make payments.
- Set up repeating payments to be paid automatically from your account.
- Monitor payment information.
- Set up automatic e-mail notifications to alert you when payments have been made
PowerPerks up to 25%
Every month they notify us of additional cash back opportunities called PowerPerks. They will send us an email with a list of retailers that are willing to give us more cash back if we shop with them. We got an additional $3 back on a $15 purchase at Boston Market which comes out to 20%!
Perkstreet Financial – Cash Back Debit Card Video
Note: I do get paid a small commission if you sign up for an account. I am only recommending this company because Kim and I use them personally and we have had a great experience with them. If you have any questions at all, please don’t hesitate to contact me.