| Credit cards in general encourage consumers to | | | | keep tabs on how much you spend on your card, you |
| spend, but the opposite is true for the One from | | | | can always sign up to have an alert system inform |
| American Express. Unlike cash back reward cards, the | | | | you whenever you are close to a designated amount. |
| American Express One card will deposit cash rebates | | | | Also, customers are also provided with the |
| of 1% of purchase value into a high yield savings | | | | convenience of managing their card account and bill |
| account under the cardholder's name. This account is | | | | payments online. In addition, the American Express |
| opened automatically upon a successful application; | | | | One card also includes travel accident insurance and |
| with the investment FDIC insured and a 4.0% annual | | | | car rental insurance coverage for card holders. |
| percentage yield for this account. | | | | Moreover, there is also an Interest Protection program |
| Taking it a notch higher, American Express will | | | | which claims to be able to help customers cut down |
| contribute $25 to the account upon the first purchase | | | | on the amount of insurance they have to pay. |
| made with the American Express One card. In fact, | | | | Finally, the grace period for this card (set at 30 days) is |
| card owners are also allowed to make their own | | | | longer than the usual 20 days offered by most other |
| deposits into the account. As for fees, the American | | | | credit cards. Therefore, customers will not have to |
| One card has an annual fee of $35, which is waived | | | | start paying interest on the purchases, which they just |
| for first-year card holders. | | | | bought. This could hardly be categorized as a benefit |
| What's more, card holders are also entitled for | | | | as most other cards possess the same feature. |
| numerous other great benefits card, such as no | | | | However, with the rebates into high-yield investment |
| maximum credit limit imposed, and also the availability | | | | accounts, this is already a great reason for anyone to |
| of a tracking alert system to help card holders control | | | | make the American Express One card their favorite |
| their monthly spending. As there is no one to help you | | | | credit card. |