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Get Cash Back Using a Debit Card

By on Nov 27, 2012 in Banking | 12 comments

Most people don’t realize that they can get cash back by using a debit card. Every day people make purchases with their debit card and never get anything in return. That is about to change. There is a bank called Perkstreet where you can get up to 2% cash back on your purchases. Kim and I have been using it for about two months now and we love it. Here is why:

A Cash Back Debit Card

The fact that we can get up to 2% cash back on our debit card is incredible.  I have been using a debit card for over 10 years and I have NEVER got cash back before. For the first 2 months of purchases with our Perkstreet debit card we got about $38 in cash back for just buying the things that we normally buy. The cash back is only for purchases that you run through as credit, so we just make sure to select that option at the register. We also have hooked it up to pay our recurring bills like our cell phones, internet, satellite, etc. This way we get cash back on those as well. Here is a breakdown of how the cash back is earned:

Get cash back debit card rewards

FDIC Insured

Since this bank is backed by the FDIC, our deposits are protected for up to $250,000.

Mastercard Zero Liability

The Perkstreet debit card has the same protection as a credit card. This means we won’t be held responsible for unauthorized transactions made via phone, online, or in-store if our card is lost or stolen. To read more about MasterCard’s benefits, click here.

ATM’s Galore 

There are over 42,000 ATM’s in the U.S. that are surcharge-free. This means we have more options than we did with our traditional bank and we don’t have to pay a surcharge.

Free Checking

There are no annual fees or finance charges with a Perkstreet account. In fact, there isn’t even a credit check required to open an account.

Online Billpay

Being able to pay bills online has made my life so much easier. I probably don’t spend more than 10 minutes a month now that I can pay my bills online. here is what we are able to do with Perkstreets online bill pay:

  • Make payments.
  • Set up repeating payments to be paid automatically from your account.
  • Monitor payment information.
  • Set up automatic e-mail notifications to alert you when payments have been made

PowerPerks up to 25%

Every month they notify us of additional cash back opportunities called PowerPerks. They will send us an email with a list of retailers that are willing to give us more cash back if we shop with them. We got an additional $3 back on a $15 purchase at Boston Market which comes out to 20%!

Perkstreet Financial – Cash Back Debit Card Video

If your interested in signing up for a PerkStreet account, click here to start getting cash back by using a debit card today!

Note: I do get paid a small commission if you sign up for an account. I am only recommending this company because Kim and I use them personally and we have had a great experience with them. If you have any questions at all, please don’t hesitate to contact me.


  1. Good review Deacon. I have been getting closer and closer to pulling the trigger on Perkstreet. Your review is helping me get over the tipping point. Thanks.

    Debt Roundup

    November 27, 2012

    • Glad to hear it! We were skeptical at first, but now it is the only card we use. Thanks for stopping by!


      November 27, 2012

  2. Hey Deacon, not sure if there’s supposed to be a Perkstreet banner to click on to see more information, but I can’t see it…


    November 27, 2012

    • There is supposed to be a banner… Thanks for letting me know. What browser are you using?


      November 27, 2012

  3. I have never heard about getting cash back on a debt card before…..but I am addicted to credit card rewards. It’s nice to be paid just for spending my own money!!!


    November 27, 2012

    • We used to do the credit card rewards gig, but we decided to not use debt anymore and we did away with them. I tell you what, it does feel good to get cash back for my everyday purchases and not have to borrow money to do it.


      November 27, 2012

  4. Like Holly I’ve never really heard of getting perks with a debit card but hey why not lots of people use them. We are also addicted to paying with a credit card to get rewards and hardly if ever carry cash on us for that reason. Mr.CBB


    November 27, 2012

    • I use a debit card every day and I never knew that there was a cash back card out there either. Since we don’t use credit cards, this is a great alternative to get some money back in our pockets!


      November 27, 2012

  5. I’ve heard a lot of good things about Perk Street. I just signed up for an ING checking account, but it would be nice to get cash back on a debit card. I’m going to have a look at the site. Thanks for sharing.

    KK @ Student Debt Survivor

    November 28, 2012

    • I just got an email two days ago from them that we have now earned up to $53 cash back in a approximately a 2 month time frame. I can’t say enough good things about them. Thanks for stopping by!


      November 29, 2012

  6. I honestly had no idea that debit cards with these types of perks (no pun intended) existed. I used to be an exclusively debit card girl until I got my Discover a few years ago; wish I’d known about this back then!

    Elizabeth @ Simple Finance

    December 8, 2012

    • I know what you mean. I have had a debit card for over ten years and I never got cash back. I would have oodles of cash back had they been around 10 years ago!


      December 10, 2012

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