Perkstreet wasn’t a bank. It partnered with online banks and gave users a debit card that provided rewards just as rewarding as those from the best credit card rewards programs, but without the temptation to get into debt. Seems ideal, and also seems too good to be true. It was. Perkstreet executives have explained the problem very bluntly: they’re out of money and can’t pay out everyone’s accrued award balances. [More]
Perkstreet is an online bank that offers a 2-5% cash back debit card. This sounded pretty great to Carolyn, and she applied for an account. Only they wouldn’t issue her one, and refused to tell her why, even though they’re required to do so. What got their attention, and got Carolyn her shiny new debit card? Copying The Consumerist on an e-mail to them.