Tuesday, May 17, 2011

PerkStreet Financial Review - 2% Cash Back Debit Card with Free Checking

It"s tough these days to get a debit card with decent cash back. Many credit cards have great cash back reward programs but try to find that in a debit card. I try to avoid using a credit card usually. I would like to find a debit card that will satisfy the reward need. I have discovered that PerkStreet Financial can do just that.

How Does it Work?

You apply online and setup an initial transfer of funds from your bank account or credit card. Within a 2 weeks you receive your checks and ATM card. You can withdraw money at ATM's and write checks. To deposit money you can use the U.S. mail with free postage paid envelopes or use free overnight delivery by UPS Stores. You can also deposit funds electronically thorough direct deposit or online transfers. Also you can even deposit cash at 18,000 Moneygram ExpressPayment locations free of charge.

Do They Have ATM's?

PerkStreet has a network of over 37,000 ATM's. They have an online ATM locator. I found within a five mile radius of my home are 28 ATM's. They are located in Walgreens, Winn Dixies, 7-elevens or gas stations. I know these location and they are safe and most are open 24-hours a day. Compared to my bank that has only 4 ATM's within 5 miles.

Who Is PerkStreet Financial For?

  • People who like to pay for things with a debit card
  • They want to get the most rewards from a debit card
  • They prefer to bank online and the phone
  • They don't have the need to go to a brick and mortar building
  • They want the most free ATM's

What Are The Rewards?

1% cash back on all non-PIN* purchases if your checking balance is less than $5,000 at the start of the day.
2% cash back on all non-PIN* purchases if your checking balance is $5,000 or more at the start of the day.
5% cash back (called PowerPerks) on all non-PIN* purchases when you shop at select retailers announced on PerkStreet’s blog.
How can they afford to give such large rewards?

Because they spend no money maintaining physical branches they can pass the savings on to their customers. With no company owned ATM's they save even more money. Without spending money on buildings, large advertising campaigns and

Any Negatives?

If your account is inactive for 1 month there is a $4.50 charge per month.
The normal fees if you are over drawn or a returned item are the industry standard

Remember PerkStreet Financial accounts are FDIC insured up to $250,000 through Bancorp Bank, it's banking service provider.

How do I Contact PerkStreet Financial?

Email: support@myperkstreet.com
Telephone: 866.792.2834
Website: www.perkstreet.com
U.S. Mail: Customer Service Center
409 Silverside Road
Suite 105
Wilmington, DE 19809

Improve your financial life with the PerkStreet FinancialSM Debit MasterCard®. Save money, have fun and stay on budget with the only unlimited 2% cash back debit card. Don't miss out. Sign up today.


  1. You have pointed out the reason why I prefer credit cards than debit cards. Also, you haven't mentioned the monthly/annual fee for the debit card. Sometimes, this is overlooked which unknowingly can destroy your budget. While credit cards also have annual fees, they are usually covered by cash backs.

    To get the most out of a credit card is proper financial handling. For spontaneous spender, a debit card would be a better choice.

    Best regards,

    1. Every credit and debit card I have charges no monthly or yearly fee. If you have one then you should dump it because of all the free ones out there

  2. I suppose I've selected an unbelievable and interesting blog.
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