Credit Card Review & Application

PerkStreet Financial MasterCard Debit Card

4.0

out of 5

- Up to 2% cash back on debit card purchases - unlimited cash back
- Plus, earn up to 25% cash back at leading retailers every week
- The average American will earn $500 every year in cash back
- No monthly maintenance fees
- Free online bill pay
- Easy electronic transfers
- 24/7 customer support



Introductory APR: N/A*
Introductory Period: N/A
APR on Purchases: N/A *
Annual Fee: N/A*
Card Issuer: The Bancorp Inc.
Card Network: MasterCard®
Card Category: Consumer (Stored Value)
Card Type: - Co-Branded Credit Card
- Instant Decision Card
- Prepaid Debit Card
- Reward Card
Credit Needed: Accepts All*

by

The PerkStreet Financial MasterCard debit card is a product of the checking account provided by PerkStreet. To get the debit card, a checking account needs to be opened online. No credit checks are required and there are no fees associated with creating an account. The FDIC insured bank operates completely online - no branches exist around the country.

Features of the account are numerous. As a checking account holder, people can enjoy free checks and a simple online account management tool. A username and password is created to log in at any time of the day or night. An account balance can be viewed, past transactions can be looked up and statements can be printed or downloaded. It is also possible to set up bill pay for all bills that need to be paid.

Cash back is earned on the account. Virtually anywhere the card is used, at least 1% will be earned in cash back. There is no limit to the amount that can be earned. Depending on where the card is used, it may be possible to earn more than 1%. Various merchants offer higher percentages and a different category is recognized each month, offering a higher percentage in cash back rewards.

Many ways exist to access the cash in the account. The card is a debit card, not a credit card, so no debt can be established. The MasterCard logo makes it possible to spend money across the globe - online, over the phone and in person. There is also a PIN number on the account. It can be used as a debit card, for cash back with various merchants as well as at ATM machines. There are thousands of ATM machines that don't charge any fees.

Depositing money is easy, despite there are no local branches. Online transfers can be made between PerkStreet and other banks. Direct deposit from an employer can also fund the checking account. PerkStreet also provides postage-paid envelopes to make it easy to mail checks to the bank to be credited to the account.

Customer service also operates 24 hours a day, 7 days a week. They can be contacted in a number of ways. A toll free number makes it possible to talk to a representative over the phone. It is also possible to contact a representative via email. Questions can also be posted on Facebook and Twitter, where representatives will answer them.

Applying for the checking account can be done online. As long as one is over the age of 18, an account can be opened and the debit card will be mailed out.

Reward Type: - Cash Back Reward Cards
Reward Unit: Cash
Rewards: - 2% cash back on debit card purchases - unlimited cash back
- 25% cash back at leading retailers every week
Expiration: None*
Yearly Limit: None
Other Benefits: - Read the Zero Liability Policy
- Easy-to-use online banking with free bill pay
- Free paper checks, free electronic money transfers
- Your money is FDIC insured (up to the standard $250,000)
* See Terms and Conditions for other benefits
Online Account Access: Yes
Introductory APR: N/A*
Introductory Period: N/A*
APR on Purchases: N/A *
Annual Fee: N/A*
Grace Period: N/A*
Late Payment Fee: N/A*
Balance Transfer: No
Opening Minimum: $25.00
Application Fee: $0.00
ATM Fee: $0.00
Additional Fees  
ATM surcharge - FREE
Credit card funding fee - 2.5%
Deposit item returned fee - $7.00
EFT Surcharge - 1%
Expedited replacement card fee - $50.00
Inactivity fee - $4.50
Incoming wire transfer fee - FREE
Intl. outgoing wire transfer fee - $45.00
Non-network ATM fee - $2.00
Outgoing wire transfer fee - $12.00
Overdraft fee (per item) - $32.00
Research Fee (per hour) - $25.00
Returned item fee (per item) - $32.00
Standard card replacement fee - $50.00
Stop payment fee - $15.00
Treasurer's check fee - $8.00
We do not offer online application for this card at the moment.


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† The information provided for PerkStreet Financial MasterCard Debit Card is believed to be accurate at the time of evaluation (Aug 13, 2013). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.




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