We’ve done our fair share of writing about PerkStreet and we’re about to do a little more, with good reason. When PerkStreet first launched, they we’re giving away $50 to every new customer, then decided to change their promo terms to offer cash back on their online checking account. It started with 1%, then moved to 2% for six months and now sits at 2% full time with 5% cash back during special promotions.
From now until the end of the year, all PerkStreet account holders can earn 5% cash back on their holiday spending. It’s important to note that not all holiday spending is included and only purchases made at the following retailers will count:
- Best Buy
- Toys R Us
- Babies R Us
- JC Penney
- Victoria’s Secret
- Ann Taylor
- Ann Taylor Loft
- Dick’s Sporting Goods
To qualify, you must have a PerkStreet account by 11/15/2010. If you sign up after the fact, you will not be provided this 5% cash back promotion.
Now, PerkStreet is not your typical online checking account because no interest is paid on money stored. Additionally, if you maintain a daily balance of under $5,000, you will not receive 2% cash back on all purchases, but 1% cash back on all purchases. You are provided the same protections and amenities as any other online checking account and rather than an interest rate, you’ll receive cash back.
To brighten things up a bit, PerkStreet has launched a quick and fun video with more details on this promotion. Remember, the deadline to sign-up and take advantage of the 5% cash back on holiday spending is November 15th, so no dilly dallying.