Perkstreet Financial Checking Earn Up To 5% Cashback

In a time when banks and credit cards are lowering rewards and interest rates, Perkstreet Financial has made some exciting changes to their Free Checking Account.

They already had a great deal where if your balance is $5000+, you receive 2% cash back on all non-PIN debit card purchases and 1% cash back if your balance is below $5000+. Well now they are also giving 5% back on those same non-PIN debit card purchases in certain categories that rotate each month. They will post that information to their Blog as it changes.  Here are the current 5% cashback categories for July:

• Buy gas by paying at the pump at any gas station in the country.
• Shop at Lowes®, Home Depot® and Menard’s®.
• Ben & Jerry’s ®, Dairy Queen®, Culver’s® and Cold Stone Creamery®.

Reading through that Blog it also looks like they post 5% cashback daily deals, for example they had one where you could get 5% on all Apple store purchases between 6/24 and 6/27. Talk about getting 5% back on an iPhone purchase, that would have been awesome!~~

(Note that during the first 3 months after opening your account you get 2% back on all non-PIN debit card purchases regardless of your account balance, then after those 3 months it will change do 1% if your balance is under $5000+)

The Free Checking Account does not pay interest and has replaced that by the amount of perks that you can rack up using the free debit card. There is no minimum balance required for the account, however you do need to have activity on the account each month to avoid a $4.50 inactivity charge. You can accomplish this by using your debit card, using their bill pay or have an electronic deposit or withdrawal happen at least once a month. They only require $25 when opening the account.

If you are looking to drop the large banks that only pay you zero to little interest, than you might want to take a look at this account. In terms of the cashback percentage alone PerkStreet Financial has created a very competitive checking product with their Free Checking Account