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Posts Tagged ‘consolidate’

Americans Are Dumping Debt: Smart Ways You Can, Too

Posted by BillShrink on August 2, 2010 in Dump Your Debt

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Managing your money can be a lot like managing a relationship, and debt is like a bad relationship you don’t want to be in but can’t seem to find your way out of. We asked our friends at BillShrink to offer their advice for dumping debt and getting on with finding a healthy relationship with money. Breaking up with debt will feel so good you won’t even need the ice cream!

Step Out of Student Loan Debt: Steps Two and Three

Posted by Kevin Mulligan on July 21, 2010 in Dump Your Debt, Student Loans

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This post is the second in series of posts by Kevin Mulligan about specific steps to take to get out of student loan debt.

Now that you’ve taken the first step (congratulations!) you’re ready to move forward and get rid of this debt once and for all.

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You will earn unlimited 2% cash back for all non-PIN debit card purchases you make for the first 90 days starting on the day that your account is opened.

After the first 90 days, when your Current Account Balance at the start of the day is $5,000 or more, you'll earn unlimited 2% cash back for all non-PIN debit card purchases you make on that day. When your Current Account Balance at the start of the day is less than $5,000, you'll earn unlimited 1% cash back on all non-PIN debit card purchases you make on that day. To determine your starting Current Account Balance, we use your closing balance after all settled transactions from the previous business day. Pending purchases and transactions are not included in your Current Account Balance.

If you choose to earn coffee or music perks instead of cash back perks, you'll earn:

Music: For every $100 in non-PIN debit card purchases, you will earn 2 songs when your Current Account Balance at the start of the day is $5,000 or more or 1 song when it is below $5,000.
Coffee: For every $200 in non-PIN debit card purchases, you will earn 2 cups of coffee when your Current Account Balance at the start of the day is $5,000 or more or 1 cup when it is below $5,000.

Former PerkStreet customers who closed their accounts within the last 24 months are not eligible to receive this offer.

You may switch perks programs at any time with no penalty.

In addition you will earn 5% cash back when shopping at certain retailers. We will announce the retailers and associated time periods for earning 5% cash back at those retailers via Twitter (@perkstreet), our Facebook page or other company communications. The amount you can earn at the 5% cash back bonus rate is limited to $250 per household annually (starting on the day your account was opened). The total amount of cash back you can earn remains unlimited. Unless specific stores are named, qualifying purchases are determined by MCC codes.

All perks will be awarded in accordance with the PerkStreet Rewards Program Agreement.

This offer and the calculation of perks are subject to the terms of the PerkStreet Rewards Program Agreement. We may modify or cancel this offer at any time.

*Making $601 in weekly non-PIN purchases will earn you $625 in perks annually (when you maintain a balance of $5,000). According to the U.S. Bureau of Labor Statistics, the average American household spends $601 per week on purchases that could be put on a debit card, including stuff like utility bills or rent. According to the Federal Reserve paper 'Household Switching Behavior at Depository Institutions' (2002), the average lifespan of a checking account is ten years, which would make the average family's lifetime earning $6,250.

MyBankTracker.com indicates average interest checking rate of 0.35% as of April 2011.

The MasterCard Zero Liability policy covers U.S.-issued cards only and does not apply to ATM transactions, PIN transactions not processed by MasterCard, or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.mastercard.us/zero-liability.html. Conditions and exceptions apply - See Cardholder Agreement.

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