| The year 2005 was a witness to the introduction of | | | | buy into your savings account and on the other hand |
| ONE from American Express. This was a card | | | | gains an annual percentage yield of 4.25% (the rate is |
| equipped with a 'Savings Accelerator Plan', depositing | | | | variable). Furthermore, the account has no |
| 1% of the eligible purchases into your high yielding FDIC | | | | maintenance fees, no penalties for withdrawals and no |
| insured savings account. | | | | minimum balance. The money is all yours and you may |
| Advantages of ONE from American Express | | | | save it or use it. |
| If you are a compulsive shopper, but love to save, then | | | | Other Benefits |
| the American Express ONE Card will help you to save | | | | The cardholders of ONE from American Express are |
| for your future. When making a purchase with this | | | | facilitated by its purchase protection program, buyer |
| card, you can avail of the 'Savings Accelerator Plan', | | | | protection program, travel bonuses, global assist hotline, |
| which will automatically open/assign a FDIC-insured | | | | car rental insurance, emergency card replacement and |
| High-Yielding Savings Account in your name and remit | | | | return protection program. |
| 1% cash back of the eligible purchases in the account. | | | | The card does not have any introductory period, but |
| The One card offers a special feature known as the | | | | the Annual Percentage Rate (APR) of the card is |
| Interest Protection, which does not require you to pay | | | | quite reasonable. It is a great option for you, if you do |
| interest on the new purchases, irrespective of whether | | | | not much bother about frequent flyer miles and |
| you make full payment of your bill at a time or make | | | | discounts available at the hotels. |
| payments overtime. | | | | The other features include a cash back offer $50 |
| There is no set expenditure limit, and thus you can | | | | after your first purchase. The first year fee-free option |
| spend a bit more if you wish. This leaves you free for | | | | lets you have a $35 savings. The cash back rebate |
| carrying a balance for the last month's vacation. The | | | | program is the best feature of the One card. You will |
| purchases are approved depending on the | | | | definitely benefit from Card One from American |
| cardholder's credit rating. A Spend Tracking Alert will | | | | Express, if you want to use this card at participation |
| notify you when you have reached the monthly | | | | merchants and retailers and if you are making full |
| spending amount. | | | | payments at the end of a month. The bonus |
| If you are an impulsive buyer, then the ONE from | | | | advantage is that all the new card members will |
| American Express is the right choice for you. The | | | | receive a $25 bonus added to their savings account, |
| savings accelerator of the card deposits 1% of each | | | | on their first purchase. |