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.
This review was updated 2008-04-23T00:00:00.0000000-07:00
| Type Of Rewards: |
Rebate |
| Reward Program Optional: |
No |
|
Optional programs may have a fee. See Terms and
Conditions for details. |
For Cards with Cash Back Incentives
| Lowest Possible Rebate: |
1% |
| Highest Possible Rebate: |
1% |
| Additional Rebates: |
None |
| Rebate Details: |
The unique Savings Accelerator(SM) Plan contributes 1% of all eligible purchases 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). |
For Cards with Point Incentives
| Points Per Dollar Spent: |
n/app |
| Additional Points: |
n/app |
| Point Details: |
n/app |
For Cards with Airline Incentives
| Miles Per Dollar Spent: |
n/app |
| Additional Miles: |
n/app |
| Program Details: |
n/app |
Rewards Expiration Period: None
Annual Limit: None
Additional Credit Card Perks
Various Internet account related services.
Purchase protection.
Extended warranty for purchases.
Return protection.
Auto rental insurance.
Emergency card replacement.
Emergency cash replacement.
Medical referral services.
Legal referral services.
Roadside assistance.
Various travel and emergency assistance services.
Up to $100,000 in travel accident insurance.
No liability for unauthorized Internet transactions.
See website for additional benefits.
Special Notations about the One from American Express®
The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources.
The APR for purchases and balance transfers varies according to the applicant's credit history and may range from 5.99% to 7.99% + Prime Rate.
The card is currently unavailable to residents of Puerto Rico.
See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's
Terms and
Conditions before applying!
