ONE from American Express – Promises Savings For The Hardworking American
The year 2005 was a witness to the introduction of ONE from American Express. This was a card equipped with a Savings Accelerator Plan, depositing 1% of the eligible purchases into your high yielding FDIC insured savings account.
Advantages of ONE from American Express
If you are a compulsive shopper, but love to save, then the American Express ONE Card will help you to save for your future. When making a purchase with this card, you can avail of the Savings Accelerator Plan, which will automatically open/assign a FDIC-insured High-Yielding Savings Account in your name and remit 1% cash back of the eligible purchases in the account.
The One card offers a special feature known as the Interest Protection, which does not require you to pay interest on the new purchases, irrespective of whether you make full payment of your bill at a time or make payments overtime.
There is no set expenditure limit, and thus you can spend a bit more if you wish. This leaves you free for carrying a balance for the last months vacation. The purchases are approved depending on the...
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