PerkStreet Financial offers a product whose time has come: the high-end rewards debit card.
Consumers, especially younger ones, are spooked by manipulative credit card companies... or they can't get credit at all in this environment... so they are turning to checking accounts with linked debit cards.
And why not use a debit card with a rewards structure similar to that of a credit card? This way, you get a little bit more every time you purchase something using your card.
PerkStreet describes itself as "the free online checking account with the best debit card perks." Hence the name.
You earn 2% cash back on purchases for the first 6 months (180 days), 1% cash back thereafter. Banking services are provided by The Bancorp Bank, which is FDIC-insured, so your money is safe.
Our initial grade: A+. Other perks include live 24/7 telephone support (neat!), access to the nation's largest surcharge-free ATM network for withdrawing cash and the card itself has an attractive, simple black design with the PerkStreet logo at the top. If you plan on using a debit card at least 25 times per month, definitely recommend you sign up for an account with them, especially if you are using a debit card these days that has NO rewards associated with it. Why do that to yourself?
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