MilesBuzz! - Perk Street Financial

Perk Street Financial just spammed me with an offer for a debit card that gets up to 5% cash back in rotating categories and 2% at WalMart. Seems WalMart is where I shop for alot of my...uhhh...paper goods.

Have any of you established a business relationship with Perk Street? Is there a cap on the cash back or any other reason not to consider their card worthy of using in my...uhhh...paper recycling business?:cool:

http://www.perkstreet.com/account.aspx#footer-link

"2% cash back in-store, when you have a Current Account Balance of $5,000 or more at: Walmart, Target®, Best Buy® & Apple® stores.* Offline purchase bonus perks limited to $2,500 in spend every calendar year."

Previous mention in post 80 of this thread:

http://www.flyertalk.com/forum/14483389-post80.html

1% unlimited cash back for all non-PIN debit card purchases*
2% cash back in-store, when you have a Current Account Balance of $5,000 or more at: Walmart, Target®, Best Buy® & Apple® stores.* Offline purchase bonus perks limited to $2,500 in spend every calendar year.

It's a little ambiguous what you get when you put these two conditions together. Only one way to know!

It sounded great until I read the fine print. After considering it, I think it's a lot of work for 50 bucks (since "off-line" purchases which I take to mean "in-store" are limited to $2500 per calendar year x .02 = $50). :( Maybe I'm mis-reading it.

Just seems to me that this cash back debit card would be pretty worthless for buying paper goods at Wally World. Is it more a credit card in debit card's clothing? The bonuses seem to be for credit card type usage?

It sounded great until I read the fine print. After considering it, I think it's a lot of work for 50 bucks (since "off-line" purchases which I take to mean "in-store" are limited to $2500 per calendar year x .02 = $50). :( Maybe I'm mis-reading it.

$2500 limit per year? Nice try Perk St. If we could spend that on paper goods in each trip to WM, then you would have our attention!