PerkStreet, who I currently use as my personal spending account, just made their offer a bit sweeter. They are offering 5% cash back in certain spending categories. As you know, I signed up with PerkStreet about a year ago and have been enjoying their amazing 2% cash back on every non-pin purchase.
In a move to please their current customers and attract even more, they are bringing out the 5% rotating categories. Similar to the Chase Freedom® Visa – $200 Bonus Cash Back credit card, or the Discover More credit card. Here are the 5% cash back merchants and categories for PerkStreet in February 2012:
- Tax Preparation, Accounting, Auditing, and Bookkeeping:
- H&R Block®
- Liberty Tax Service®
- Tax Slayer®
- Tax Hawk®
- TurboTax®
- Tax Club®
- Kohl’s.com®
- Dick’s Sporting Goods®
Get 2% Cash Back on Everything Else
The old “2% on everything” offer was set to expire 6 months from when I signed up. Well, in a very nice move, PerkStreet decided to keep the cash back amount at 2% for all purchases indefinitely, so long as my average daily balance is $5,000. That may be too much for some but to maximize your cash back savings, you may want to consider it.
Without a doubt, PerkStreet is providing a fantastic deal. No credit card on the market today is giving 2% cash back on all purchases. To take full advantage of this offer, considering filling out an application for a checking account with PerkStreet.
Related Posts:
- The Best Cash Back Credit Cards of 2012
- PerkStreet 5% Cash Back Holiday Promotion
- Should You Chase After the 5% Cash Back from the Chase Freedom® Visa – $100 Bonus Cash Back?
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TJ, why would you use Perkstreet as your main spending account? I find that if you have more than $5k, you'd be better off having the money earn interest in an online savings account, an online money market account, or a Reward Checking Account (which as of Dec.21,2011 pays ~2.0-3.0% for upto $25k balances with e-statements, 1 ACH debit/or direct deposit, and usually 10 debit non-pin transactions..which most people use for like small change purchases), and, using your credit cards that pay anywhere from 1-5% in either cashbacks, rewards, points, miles? Plus, isnt the grace period on credit cards worth it? I feel you're throwing away $30-50 in interest (on $5k, 1%, taxes) to earn -4%-to-+1% rewards on purchases?? It really depends on how much you spend on credit cards per year, and in which categories, and when. Your interest would be more if you have a Reward Checking Account. Isnt the combo of the Citibanks, Discovers, Chases, BankofAmericas, AmericanExpresses, CapitalOnes, and others with either the broader quarterly 5% rotating categories, or the 3%, 2%, 1% rewards in everyday purchases or groceries and gas? [[FYI, while the 2% Charles Schwab Investment credit card stopped in April 2011, cardholders still earned 2% cashback on all purchases until FIA/BankofAmerica converted and changed the cards around September-to-October 2011 to the 3-2-1 cards.]]
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