One from American Express® Credit Card

More Information on this offer:

 

Now saving money is as easy as spending it. One from American Express introduces this new radical concept. When you make a purchase with the One Card from American Express, American Express will contribute money directly into an FDIC-insured
High-Yield Savings Account that's automatically opened in your name when you receive your One Card from American Express. This Savings Account will earn interest at a competitive Annual Percentage Yield (APY). The money is yours to save and use however you'd like, and for the first year of Card membership your $35 annual fee is waived. There has never been a better time to apply online for a One Card from American Express.

Being that the American Express One® Card comes with a High-Yield Savings Account that's automatically opened in your name and with the free deposits into a personal savings account; you are sure to benefit from your day to day purchases. Amex will contribute a full 1% of your purchases directly into your FDIC-insured High-Yield Savings Account at American Express Bank, FSB. You will never pay interest on new purchases, even if you are carrying a balance on your One Card from American Express. Budgeting and planning tools, provided to One card members, helps you plan for your goals. Spend tracking alerts allow you to designate a personal monthly spending amount and better manage your personal finances.

 

There is also the interest protection feature. According to the American Express One Credit Card site:

 

"For some things in life, it may be worth carrying a balance on your Card—a family vacation, moving to a brand-new home, even planning a perfect wedding.
The thing is, when you're carrying a balance, most other cards begin charging interest on new purchases the day you make them. In other words, if you're carrying a balance from a family vacation and put your groceries on the same card, you'll be charged interest on your groceries as well, even though you may be weeks away from receiving your monthly statement.

The American Express One® Card is different. You never pay interest on new purchases, even if you are carrying a balance. So you're free to carry a balance on last month's vacation, without paying interest on this week's groceries. "

 

Basically, if you are a person who is currently keen on saving money and putting back a little for the future, the American Express One Credit Card is likely a good solution to fit your needs.