With one week to go before the new year is upon us, PerkStreet is offering new account holders a $25 cash bonus, simply after signing up for an online checking account and making at least a $25 deposit. PerkStreet is already our favorite online checking account because of the rewards each account holder has the potential to earn but with a $25 cash bonus, now is the time to sign-up and take advantage.
PerkStreet is relatively unknown in the banking world but over the last 12 months, they’ve certainly done everything they can to make a name for themselves. First, they offered an gift card for signing up, then rewarded customers with up to 2% cash back on all purchases. Now, PerkStreet is offering a $25 cash bonus for signing up, 2% cash back on all purchases and the opportunity to earn 5% cash back on select purchases each and every month.
PerkStreet Reward Details
The $25 cash bonus is available from now until December 31st 2010 (Update: Expired). After you’ve signed up for a PerkStreet checking account and made a $25 deposit, the $25 will be credited to your account within 7 business days. Then, depending on your account balance, every purchase you make is eligible for 2% cash back. The cash back amount is tiered based on the following two possibilities:
- Starting day balance of more than $5,000 will earn 2% cash back on all purchases
- Starting day balance of less than $5,000 will earn 1% cash back on all purchases
Finally, each and every month, PerkStreet will offer 5% cash back on select retailers throughout the year. Until January 31st, 2012, PerkStreet is offering 5% cash when making purchases at the following merchants:
- Art Supply, Craft, and Fabric Stores
- Sport and Athletic Clubs
If you’re in need of an online checking account to make your everyday purchases and 0.5% interest isn’t doing it for you, consider signing up for a PerkStreet checking account. The $25 cash bonus offer is for a limited time only but it would appear the 2%/5% cash back opportunities are here to stay.
Published or updated March 6, 2013.