PerkStreet Financial has been attracting a lot of attention with its rewarding checking account, especially when you use the associated debit MasterCard.
The PerkStreet online checking account is free and comes with some impressive rewards. Users can choose between rewards like coffee, music, or cash, and these can also be redeemed for gift cards at a variety of vendors. Additionally, PerkStreet offers a large network of ATMs with no fees and free online bill payment. If your checking account balance is more than $5,000, you can earn 2% back; if it’s less, you still get 1%. It’s quite a generous interest-bearing checking account.
Other perks include a free chequebook, electronic funds transfer, 24/7 customer support, and FDIC insurance to protect your money.
You can maximize your rewards by using the PerkStreet Financial Debit MasterCard. They currently have a special promotion offering 5% cashback in certain categories and 2% on regular purchases. Just make sure to avoid PIN transactions; use credit instead of debit for these rewards, though the money will still come from your account.
PerkStreet estimates that the average household can earn about $600 in rewards annually, but with the Debit MasterCard, there’s no cap on the potential rewards. By planning and making strategic purchases, especially when the 5% cashback offer is available, you can significantly boost your savings.
One of the appealing aspects of the PerkStreet Financial Debit MasterCard is that it doesn’t have an annual fee, unlike some other rewards debit cards, so your rewards aren’t reduced by extra costs.
In summary, if you’re considering a new checking account, PerkStreet Financial might be a good option. It provides a wide range of benefits with minimal costs, and the linked Debit MasterCard offers attractive rewards and conditions.