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One from American Express®
Issued By: American Express |
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First Year Fee-Free - A $35 Savings
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The Savings Accelerator(SM) Plan Contributes 1% of Eligible Purchases into an FDIC-Insured High-Yield Savings Account in Your Name
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Never Pay Interest on New Purchases
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5% APY on High-Yield Savings Account
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Get $50 after Your First Purchase
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No Pre-Set Spending Limit
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CreditCard49 Rating
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Intro APR |
Intro APR Period |
Regular APR |
Annual Fee |
Intro Good On |
Credit Needed |
NA |
NA |
14.240% |
$35.00 |
None |
Limited or No Credit |
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Card Info Last Reviewed 2007-06-22 |
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Our Review
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 5% APY (variable rate as of 2/1/2007). 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.
Additional 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.
Notations
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 varies according to the applicant's credit history and will be 5.99%, 6.99% or 7.99% + Prime Rate.
Card is currently unavailable to residents of Puerto Rico.
See website for complete terms and conditions of card usage and application disclosure.
View Website Details
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