PerkStreet Financial has new categories for January that qualify for its 5% cash back for non-PIN debit card purchases. The categories are related to the new year and include gym memberships, diet plans and tax prep.
I tried to find comments on their site regarding their opinion on the Fed's proposed debit card fee caps
. I couldn't find any. Since their partner bank is small, it's possible that it may not affect them. However, those who represent credit unions and community banks are concerned that the future Fed rules will have an effect.
Below are PerkStreet Financial's standard cash back rules.
Open your account online and fund the account with $25 or more and you will earn 2% cash back for all non-PIN debit card purchases you make for the first 3 months starting on the day that your account is opened. A month is defined as a 30 day period - not a calendar month. There is no limit to the total amount you can earn.
After the first 3 months, when your Current Account Balance at the start of the day is $5,000 or more, you'll earn 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 1% cash back on all non-PIN debit card purchases you make on that day.