- 13.24% variable APR
- Rebate rewards program
- $50 deposited into savings account after your make first purchase
Would you like to build your savings by using a credit card? If so, the One from American Express card is a good option for you. One from American Express allows you to deposit cash rebates into a high-yield savings account to maximize your interest gains. In this post, we’ll cover the basics of the card and explain what makes it unique.
Savings Accelerator Plan
Through the One from American Express Card savings accelerator plan, you will earn a 1% cash rebate on all eligible purchases. Your rebates will then be deposited into a high-yield, FDIC-insured savings account in your name with a special rate of 4.5% APY as of 12/4/2007. After you make your first purchase, $50 will automatically be deposited into your savings account.
Additional Card Information
The card comes with a reasonable $35 annual fee that is waived for the first year. The purchase APR is a competitive 13.24%. In addition to the rewards program, the One from American Express card also offers a bevy of benefits and services commonly found with Amex cards. Such benefits include a purchase protection plan, auto rental insurance, and up to $100,000 in travel accident insurance. Thus, if you plan to take advantage of the savings accelerator program and the standard services, you will benefit considerably from the One from American Express Card.
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