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Posts Tagged ‘Credit’

Ripe for Refinancing

Posted by Jim Wang on June 29, 2010 in Home

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This guest post comes to us from guest blogger Jim Wang. Jim writes about personal finance at Bargaineering.com.

This post is part of a special PerkStreet series about taking the next step to living in your dream home, whether you buy or rent.

From Credit Card Nation to Debit Card Nation

Posted by Kevin Correll on May 26, 2009 in General

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Is America still a Credit Card Nation?

The other day I was standing three people deep while waiting to pay for my groceries when the person in front pulled out their checkbook. You could almost hear the collective groan as it took seemingly forever for this person to write the check, update the balance ledger and show the cashier their driver’s license. As I stood there wondering how long it takes unrefrigerated tuna to go bad, I started thinking about how people choose to pay for things. Aside from my erstwhile friend at Kroger, I rarely see anyone using checks. Most everyone I know falls into one of three groups: credit card addicts, debit card devotees or cash lovers.

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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.

The merchants represented are not sponsors of PerkStreet perks, or otherwise affiliated with PerkStreet Financial, Inc. The logos and other identifying marks are trademarks of and owned by each represented company and/or its affiliates. Used under license. Please visit each company's website for additional terms and conditions of use.

The Bullseye Design, Target, and Target GiftCard^® are registered trademarks of Target Brands, Inc. All rights reserved. Terms and conditions are applied to GiftCards. Target is not a participating partner in or sponsor of this offer.

The PerkStreet Financial^SM Debit MasterCard^® is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.
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