Could you use an additional $600 or more per year? How would you use it? Debt reduction? Vacation? Put it in a savings account? Regardless of how you’d use a chunk of cash like that, by simply using a PerkStreet debit Mastercard to make your normal everyday purchases, you can get rewards (cash, coffee, or music downloads) that rival ANY credit card and simply beat other checking accounts.
PerkStreet is an online bank offering a debit card rewards program that is second to none. Offering rewards comparable to (or better than) many credit cards, customers using their unlimited cash back Platinum Debit MasterCard:
- Earn unlimited 1% cash back almost anywhere you use your card
- Earn 2% cash back at several popular retailers including Walmart and Amazon.com
- Get 5% PowerPerks at rotating monthly categories and merchants
- Redeem at more than 35,000 leading retail and restaurant locations for free, or use 2 perks to redeem directly to your account.
Does your checking account reward you?
Get 1% cash back when you use your PerkStreet debit card to make your normal everyday purchases, which is phenomenal compared to the other banks that want to zing you with fees every time you want access to YOUR OWN MONEY! Plus with 2% cash back from the most popular retailers, why would anyone NOT use a PerkStreet debit card?
Plus, get up to 5% cash back in popular categories voted on by PerkStreet customers. Those categories change each month and are called PowerPerks.
How to earn $600 or more per year
That’s the amount the average American family earns with a Perkstreet checking account. Using a calculator on their site, by simply spending $2,500 per month and maintaining a balance of $5,000, you can easily hit that $600 mark. Spend more and earn more, there is no limit to the rewards you can earn with PerkStreet. There are some daily spending limits for newer accounts, but if you need to spend $100,000 in a single transaction, simply call customer service!
How can any bank offer these rewards?
PerkStreet customers don’t use branches and so branches aren’t necessary. That saves billions of dollars every year that other banks have to extract from their customers to build and keep their branches open. PerkStreet uses that money to give their customers these rewards.
What about ATMs?
How do you fund your PerkStreet account the first time?
You have three options:
PerkStreet was started to reward people who choose to spend responsibly with debit cards as opposed to creating debt with credit cards. So you might ask PerkStreet allows people to use a credit card to fund their account. The simple answer is the way banking systems work, they can’t necessarily screen for credit cards exclusively. Do I think it’s smart to fund with a credit card? That totally depends on your situation and is your call. Personal finance is personal, after all. They take a libertarian approach and allow customers to make the right choice for themselves. But odds are if you’re smart enough to be signing up for a PerkStreet account, you’re going to make the best choice regardless.