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Why Do I Get Rewarded For Non-Pin Debit Card Purchases?
Posted By Ron On September 11, 2012 @ 7:00 AM In Life | Comments Disabled
The PerkStreet checking account has the highest rewards program for just about any checking account  (are you getting those rewards?) but those rewards come back to you only with “non-PIN debit card purchases.” What does this mean?
When you use your PerkStreet debit MasterCard , many retailers will ask you “debit or credit?” To get rewarded for non-PIN debit card purchases, you must select CREDIT. PerkStreet  will reward you only when you use your debit card as a credit card. If you are told by a merchant that you have to enter your PIN, simply press CANCEL and you should be given the option to process the transaction as credit instead. You will probably be required to sign a credit slip or possibly enter the mailing address zip code for your account.
A non-PIN debit card purchase occurs with any transaction that does not require you to enter your Personal Identification Number (PIN). Non-PIN transactions that qualify for PerkStreet rewards  could include:
Remember that these non-PIN transactions are processed by MasterCard but are still deducted directly from your PerkStreet  checking account.
When you use a debit card with your PIN, the transaction fees are very low, perhaps as low as one half of one percent (0.05%). The fees that result from using your debit card as a credit card  can be much higher, perhaps three percent or more. Those fees are what make debit card rewards possible and why MANY big banks are aching to begin charging debit card fees.
But don’t feel bad for the merchant. Those fees are usually budgeted and they agreed with their card processor to pay those fees, so GET YOUR REWARDS by signing up for your own PerkStreet  checking account  today!
Well, let’s get started:
PerkStreet  REALLY is the best checking account  I have found. There are other checking accounts that are easy to use, but I’ve not found ANY that offer the rewards and perks you can get as a PerkStreet customer.
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