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PerkStreet Doubles their Cash Back Debit Card Rewards Program

As of this week, PerkStreet Financial is now doubling the base rewards for non-PIN based transactions to 2% (from 1% previously). You will get 2% cash back on these transactions when your balance is $5,000 or more. If your balance is under $5,000, you will go back to 1% cash back. Not only is this unheard of amongst debit card rewards programs, but there are very few, if any, credit card providers that TRULY will give you a 2% cash back reward as a base.

What is PerkStreet Financial? A Free Checking Account with a Debit MasterCard® with Cashback Rewards

I had previously written a PerkStreet Financial review and claimed that PerkStreet was the go-to debit card rewards program around at the time. Well, they have gone and one-upped themselves with their latest cash back rewards incentives. If you are looking for a debit card with the best rewards program,  to avoid annual fees on credit cards, or to simply protect yourself from spending money that you don’t have by using a debit instead of a credit card, I don’t have a better recommendation.

5% Debit Card Cash Back Rewards

Also, PerkStreet is now offering 5% cash back for the rest of June and July when you:

• purchase ice cream at Ben & Jerry’s, Culver’s, Dairy Queen and Cold Stone Creamery
• make home improvement purchases at Lowe’s, Home Depot and Menard’s
• buy gas by paying at the pump

If you are taking any big summer road trips or doing any major projects around the house, this would be a huge opportunity to take some of that money back.

They will announce other seasonal opportunities to earn up to 5% throughout the year.

Other PerkStreet Financial Benefits

- Only $25 deposit to open your account
- your first box of checks are free
- no fees for using your account
- set up direct deposit with your employer
- nationwide network of 37,000 ATM’s (largest in the nation)
- FDIC insured up to $250,000 through a partnership with Bancorp Bank to offer financial services
- free online banking and bill pay
- no account minimums

Thumbs Up

Until I see a better offer, PerkStreet Financial gets my thumbs up for being the best debit cards reward program in the country. Considering that I haven’t seen one with over 0.5% cash rewards, that might be a while.