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Jennifer Calonia is a writer and junior editor for GoBankingRates.com and has been an actual user of the PerkStreet cash back rewards debit card for about 6 months. Check out this video for her personal review of the PerkStreet debit card and a brief explanation of how to earn and redeem cash back rewards with PerkStreet.
If you already use a debit card to make a majority of your purchases, and you want to earn rewards without the risk of falling into credit card debt, then PerkStreet may be the right rewards card for you. Here’s how it works:
Depending on the type of purchase you make, you’ll receive a higher or lower percentage of cash back.
-You may ONLY earn cash back on non-PIN purchases. When shopping, make sure that you choose the “credit” rather than “debit” option at checkout and provide your signature rather than your PIN number.
-1% Cash Back on everyday purchases
-2% Cash Back at Amazon.com, Wal-Mart, Apple, Best Buy, Target, and iTunes
-2% Cash Back when you and a friend use your PerkStreet cards together at restaurants, coffee shops, and bars
-5% Cash Back on “Power Perks” — Every month, users vote on a Power Perk for the month. Power Perks may be for a specific type of purchase, like flower shops or a specific retailer like Ghirardelli.
At any time, you can log in to your account click on “My Perks” and see how much you’ve earned. You can redeem your rewards in 2 ways.
-Option 1 – Cash Back. Keep in mind, cash back incurs a 2 “perk” convenience fee.
-Option 2 – Retailer Gift Cards carry no convenience fee. You can cash out your perks for gift cards to retailers like Best Buy, Amazon.com, Target, Starbucks, Olive Garden, TGI Friday’s, or iTunes.
If you happen to join PerkStreet, you may even see Jennifer on the PerkStreet blog!