[Editor’s Note: Unfortunately, this program is no longer available.]
I received this lovely $100 Walmart giftcard in the mail this week from Perkstreet and it couldn’t have come at a better time!
We earned the gift card just by using our Perkstreet debit card to make our regular household purchases–which is a totally painless and awesome way to make a $100!
Perkstreet is an online banking service through Bancorp Bank that we have been using for over two years now. Checking accounts are totally FREE and super convenient because withdrawals can be made at lots of local ATMS for FREE. Deposits can be direct deposited or mailed in with the postage paid envelopes provided by Perkstreet.
The very best part about the Perkstreet FREE Checking Account (besides the FREE part 
) is the fact that you earn cash back rewards just for using your debit card for your normal everyday purchases (as a signature-based, non-PIN transaction), and they rack up rather quickly!
We normally get the $100 Walmart gift card which we use to buy household needs like clothing, food or toiletry items, but you can also earn gift cards to Target® and other retailers like T.J. Maxx®, Marshalls®, and Macy’s, as well as gift cards for restaurants like Dunkin’ Donuts®and Olive Garden® ! (You can also get cash, but you have to pay a small fee (redeem $22 in points to get $20 deposited into your account).
If you are looking for an easy way to make some money from your regular household spending, click here to sign up for a FREE Perkstreet checking account.
What would you buy with a $100 gift card?
[Please Note: I only recommend products on the blog that I personally use, or which I believe are a good value for my readers. I can very highly recommend Perkstreet! Perkstreet does pay me for accounts opened through these links, but I recommended them before I received payment because we have had such a great experience with them. They are also recommended by Dave Ramsey.]
PERKSTREET IS CLOSING — Your PerkStreet account will be closed
Hi Customer,
We have some bad news to share. PerkStreet Financial will be closing permanently and ceasing all business operations. Your account, along with all PerkStreet Financial accounts issued by Provident Bank, will be closed on September 26, 2013. Your bank account is safe and continues to be FDIC insured (subject to FDIC limits) but you will need to find a new home for your money.
Consistent with the terms of our Rewards Program Agreement, we have discontinued our perks program and cancelled all perks balances as of today, August 12, 2013. Redemptions requested prior to August 12, 2013 will process in accordance with your request.
We are incredibly sad to share this news with you. You helped us create a company that we believed would change banking for the better and we have worked tirelessly to accomplish that mission. Ultimately, however, we could not find the financial success required to continue building the business. We’ve written a deeper explanation of the situation here. We hope some added context helps explain why we’ve made this difficult decision.
What does this mean for you? Visit our transition FAQ page to get the details, and look out for more emails from us to help you along.
Questions? Please visit our FAQ page to get the details.
You helped us show the industry that banks can put cash back in the pockets of everyday Americans. We hope that legacy continues even though PerkStreet will not. Thank you for believing in us.
– The PerkStreet team
PerkStreet Financial, 114 State Street, 3rd FL, Boston, MA 02109
http://www.perkstreet.com Tel: 888.890.2922 FDIC
Thank you! I just published a post about this and updated this post.
I’m so sad that they are closing. 🙁 I loved the perks!
Me too! 🙁
Except for the 25% bonus perks they mention… isn’t this just the same as a BankAmericard cash rewards card from Bank of America? 1% cash back everywhere, 2% groceries, 3% on gas.
I am not familiar with that card Lydia, but I am absolutely not a fan of Bank America. Is the card you mention a credit card, because the Perkstreet card is a debit card, so you cannot go into debt using it.
I would buy essentials! They are always in need!
This sounds really interesting! im going to look into this more. it almost sounds to good to be true?!
I promise you that we actually use this account and you really do get a percent back for the money you spend using your debit card. Check out the website and ask them any questions you have to make sure it is a good fit for you. 🙂
Since I rarely treat myself to anything due to a very tight budget I would spend it on something I really like.
Christmas gifts