One from American Express®

Card Features and Benefits
  • Get $50 after Your First Purchase
  • No Pre-Set Spending Limit
  • Earn a Competitive Annual Percentage Yield (APY), Currently 2.75% (Variable Rate As of 4/15/2008)
  • Never Pay Interest on New Purchases
  • The Savings Accelerator(SM) Plan Contributes 1% of Eligible Purchases into an FDIC-Insured High-Yield Savings Account in Your Name
  • No Annual Fee for the First Year - A $35 Savings
  • Express Approval. Get a Decision in less than 60 Seconds
One from American Express®

Apply
Intro APR: None
APR for Purchases: As low as 10.99%
Intro Rate: No Introductory Rate Available
Annual Fee: $35**
Application Fee: n/app
Issued by American Express
Card Type: Reward - Cash
One from American Express® is designed for those with good or excellent credit who plan to take advantage of the unique Savings Accelerator Plan.

Through the Savings Accelerator Plan, cardholders earn a cash rebate of 1% on all eligible purchases. The rebates are deposited into an FDIC-insured, high-yield savings account in the cardholder's name with a special rate of 2.75% APY (variable rate as of 4/15/2008). Plus, $50 will be deposited into the savings account after the cardholder makes their first purchase.

Aside from the cash rebates, this card provides benefits and services commonly found with American Express® credit cards, such as auto rental insurance, a purchase protection plan, and up to $100,000 in travel accident insurance.

This card has an annual fee of $35 that is waived the first year, and the APR for purchases is reasonable for a reward card.

Therefore, those who plan to take advantage of the Savings Accelerator Plan rebate program and the various standard services will benefit most from what the One from American Express® has to offer.

Review date: 2008-06-18 00:00:00
Important Notes: See website for complete terms and conditions of card usage and application disclosure.