Perkstreet Financial offers a checking account and debit card with 2% cash back on everything you purchase with your debit card. In some categories, you can push your cash back percentage as high as 5% up to $250 annually. Dave Ramsey, a leader in the “get out of debt” industry and a man who has helped thousands of people improve their own financial situations, has taken PerkStreet Financial as a sponsor of his talk show. Dave can be found online, and is famous for his promotion of the Debt Snowball method of getting out of debt, and helps talk show listeners regularly on his radio show. He can also be found on television from time to time.
If you have listened to Dave Ramsey at all, you know he doesn’t have much good to say about any financial company or bank – but when it comes to Perkstreet.com/Dave Ramsey endorses the company 100%.
PerkStreet Financial Rewards Checking
When you open a Perkstreet Financial rewards checking account, you get a Visa debt card attached. The spending you do with your Visa debit card (from bill payments to retail purchases) will generally earn you 2% cash back. There are other opportunities to earn 5% cash back on certain purchases.
What makes the rewards checking account from PerkStreet.com/Dave Ramsey recommends somewhat difficult is that you need to maintain $5,000 in your account to earn 2% cash back. If you fall below the $5,000 minimum, all is not lost, however. For accounts with less than $5,000 in them, your non-PIN Visa debit card purchases will result in 1% cash back. Rewards are not earned when you swipe your Visa card as a debit card and enter your PIN – so you’ll want to swipe it and choose the credit option when paying with your card.
There are no account fees for the rewards checking account PerkStreet.com/Dave Ramsey recommends. There are over 37,000 fee-free ATMs you can use. You can use online bill pay at no additional cost, too. As with all checking accounts, your deposits are FIDC insured up to $250,000.
The Bank That’s Not a Bank
Even though the rewards checking account from PerkStreet.com/Dave talks about on his show frequently offers the same services as many traditional banks, PerkStreet Financial is not a bank. It is partnered with The Bancorp Bank in the same way that SmartyPig.com partnered with BBVA, to handle the FDIC insurance and banking aspects of the rewards program.