This American Express One card offers their card holders a very unique savings accelerator plan that no other credit card offers today. Any card holder has the ability earn up to 1% on selected merchandise and from selected merchants. The rebates that are earned from these purchases are then put into a FDIC-Insured and high yielded savings account in the card holder’s name. The current yield on these accounts is 4%.

This is the most unique credit card rewards system that has been put into circulation today. For any card holder this is the easiest way to save your money because you hardly know that is it there. If you have trouble saving your money, this credit card is great for you because they save your money for you.

Just like the rest of the American Express cards, this card offers the benefits such as auto rental insurance, purchase protection from fraud and $100,000 in travel accident insurance. The annual fee for this particular card is $35 but is it waived for the first year for newly approved members. As with any rewards card the interest rates are bit higher than the average credit card but the American Express One card allows for reasonable interest rates that are affordable for everyone.

Anyone with a good credit history and a need to save has found the credit card program that suits all of their needs. This credit card may be difficult to become approved for based on credit standings as well as a great deal of other criteria. This is what makes this credit card so unique and different from the rest of the vast competition.

American Express has a large variety of credit cards, each created to suit a different type of customer and their targeted needs. The American Express One card has been created to suit the needs to their biggest spenders, incorporating the ability to save money that you earn while you spend. This is a revolutionary idea for the many vigilant credit card users of today.