ING Electric Orange Checking Offers Cash Backs In June and July

Got this in the email today that ING will offer 1% cash backs for using their debit card in the next two months:

Starting June 1, 2007 to July 31, 2007, when you open Electric Orange and use your MasterCard Debit Card to make signature-based purchases, you’ll get 1% Cash Back, up to $250 per month, on what you spend, anywhere.

From their website, here’s what are considered eligible signature-based purchases:

• Any purchase that requires a signature when checking out
• Internet purchases
• A purchase that you select “credit” as the payment option
• Phone or mail order purchases
• Automatic bill payments from your Card, like:
  • Cell phone bill
  • Electric/Gas bill
  • Phone/TV/Cable
  • Gym Membership
  • Any other bill paid with your Card

Currently, Electric Orange pays 4.00% APY for balance under $50,000. If you are not familiar with Electric Orange Checking account, here are my review and a follow-up post.