American Express One Card Reviews - One from American Express - Amex One Card

One from American Express

Best Features: First year fee-free; Receive $50 after the first purchase; Cash back rebate program.
Others: Cash back rebates are earned for purchases only; Not all applicants may qualify for the lowest rate offered.

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The One from American Express card is suited for individuals who have good credit and who would like to make the most of the amazing Savings Accelerator Plan.

One from American ExpressSM has no pre-set spending limit, so you can spend a little more if you need to. And to keep track of your spending, you can use the Spend Tracking Alert to designate a monthly spend amount – and set up e-mail or text message reminders to alert you when you’ve reached that amount. *

The American Express One® Card offers an altogether different way to save for your future. Your Card comes linked to a competitive FDIC-insured High-Yield Savings Account. And with the Savings AcceleratorSM Plan, a full 1% of virtually all your eligible purchases will be deposited into this Savings Account at American Express Bank, FSB. It’s automatically set up for you when you activate your Card.

Basically, the Savings Accelerator Plan gives the cardholders the opportunity to earn 1% cash rebate on all purchases made using the card. The earned rebates are deposited into a FDIC-insure savings account under the cardholder’s name. This comes with a special 5% rate of APY. In addition, after the cardholder has made his or her first purchase, an amount of $50 will be deposited into the savings account.

In essence, this credit card is a form of a cash back credit card. In most instances, cash rebate credit cards either pay you a rebate check annually or require you to give the issuer a call once you have earned a certain amount of rebates. In this regard, it is clear that the One from American Express card offers you greater convenience since your savings are automatically debited into an account that is of high-yield form.

Key Features:

One from American Express

No Pre-Set Spening Limit
Get $50 after your first purchase
Never pay interest on new purchases
No annual fee for the first year - a $35 savings
Express Approval. Get a decision is less than 60 seconds.
Earn a competitive Annual Percentage Yield (APY)
The Savings AcceleratorSM Plan contributes 1% of eligible purchases into an FDIC-insured High-Yield Savings account in your name

Terms and Conditions

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers	Credit Needed
N/A*	N/A*	as low as 10.99%	1st year free; then $35*	N/A*	Good Credit*

Also, the cardholders also get the chance to take advantage of several benefits and services which are usually offered in American Express® credit cards. These include purchase protection plan, auto rental insurance, and a travel accident insurance that can reach up to %100,000.

The card comes with an annual fee of $35. This is waived for the first year. Don’t worry because the APR for the purchases made through the card is very reasonable. So if you’re planning to get the most out of the Savings Accelerator Plan rebate program, the One from American Express® credit card can definitely meet your needs.

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.

Advantages: