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American Express One Card

This year has been a major growth year for the hottest credit cards from American Express.  They just announced the One card which puts money automatically into your American Express Savings Account.  This is my favorite pick out of the American Express line of personal cards when you compare it to the Blue Card and some others.  The American Express One Card is similar to the Merrill Lynch Card where it puts back 1% into your brokerage account but I would rather have the cash sitting in a high yield savings account from American Express Bank. 

One from American Express® One Card from American Express
  • Get $50 after your first purchase - You can get $100 from a GOLD CARD
  • No annual fee the first year ($35 savings)
  • The Savings Accelerator Plan contributes 1% of eligible purchases into an FDIC-insured High-Yield Savings Account in your name
  • Earn a competitive Annual Percentage Yield(APY), currently 3.50%
  • American Express lets you share complimentary Additional Cards with others to you to build your savings even more (good for kids, parents, employees)
  • Never pay interest on new purchases with the Interest Protection feature even when you carry a balance

 

 

Other great American Express Cards include: