Perk Street Financial Cash Back Rewards Debit Card

Consumers are well used to the lure of cash back and reward program credit cards. It is unusual though to find a debit card which offers the same kind of incentive: in fact they are on the decrease. This makes the Perk Street Financial cash back debit card stand out as it offers two percent cash back on purchases on all non-PIN transactions. Card holders who prefer a reward to cash back can choose between free coffees from participating merchants, or free music downloads. Those who aren’t quite sure which reward sounds most appealing can elect to change their minds whenever they like.

Perk Street Financial is an online bank offering free checking and online banking services. Accounts can be opened with an initial deposit of just $25 allowing account holders to use any of its 37,000 free ATM’s. Using the debit card at a non affiliated bank costs a standard fee of $2 plus any fee the other bank imposes on usage. Cash back is readily available though through merchants when a purchase is made.

Checking accounts with Perk Street are free to run though they do impose a $4.50 inactivity fee if the account is not used during a month. Overdraft protection is available for a fee of $25 but is unnecessary if an eye is kept on ones current balance to avoid going into the red. The bank levies a fee of one percent for debit card use outside the U.S.

The attraction of the account is undoubtedly the cash back program which is as good, if not better, than cash back offers on most credit cards. Two percent is an attractive offer which will soon add up over time. Points can be easily redeemed online without the necessity of having to save a certain amount of points before dedemption.

Card holders who prefer their perks in caffeine can opt for a free coffee valued at $2 from participating merchants Star Bucks, Dunkin’ Donuts, Bruegger’s and Peet’s Coffee and Tea. Alternatively music is available from iTunes, Amazon MP3 and Rhapsody. There is another option as points can also be redeemed for gift cards from a choice Amazon, Best Buy, Ticketmaster, Gap, Target or MasterCard.

Perk Street Financial boasts that its debit card offers the most debit card rewards in America and the largest network of free ATM’s. Customers should be reassured that the internet bank is also FDIC insured.