The year 2005 saw the introduction of one of American Express. It was a card equipped with a "Savings Accelerator Plan ', depositing 1% eligible purchases at its high yield FDIC insured savings account.

Advantages of one of American Express

If you are a shopaholic, but love to save, then the American Express One card will help you save for your future. When making a purchase with this card, you can make use of Plan Savings Accelerator ', which will automatically open / assign a FDIC-insured High-yield savings account in your name and mandate 1% cash rebate Eligible purchases on the account.

The card offers a unique special feature known as the protection of interest that do not require a payment of interest on new purchases, whether they make full payment of your bill at a time or overtime payments.

There is no set spending limit, and therefore you can spend a little more if desired. This leaves you free to take stock of holiday last month. Purchases are approved based the credit rating of the holder. A Spend Tracking Alert will notify you when you reach the total monthly expenses.

If you are an impulsive buyer, then American Express is the right choice for you. The savings accelerator card deposits 1% of each purchase in your savings account and improvements elsewhere, annual percentage yield of 4.25% (the rate is variable). Furthermore, no account maintenance fees, no penalties for withdrawals and no minimum balance. The money is yours and you can save it or use it.

Other benefits

The cardholders of ONE from American Express is facilitated by its purchase program protection, the buyer protection program, travel vouchers, global hotline, insurance, car hire, replacement of the emergency card and protection program return.

The card has no introductory period, but the annual percentage rate (APR) of the card is quite reasonable. It is a good option for you, If you do not worry much more frequent flyer miles and discounts available at hotels.

Other features include offer a refund in cash of $ 50 after your first purchase. The first year fee-free option allows you to save $ 35. The cash back program repayment is the best feature of the card of one. Definitely you will benefit from an American Express card, if you want to use this card in participation traders and retailers, and if you are making full payments at the end of a month. The bonus advantage is that all members of the new card will receive a bonus $ 25 added to their savings account in your first purchase.

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