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