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One from American Express® is designed for those with good or excellent credit who plan to take advantage of the unique Savings Accelerator Plan.

Through the Savings Accelerator Plan, cardholders earn a cash rebate of 1% on all eligible purchases. The rebates are deposited into an FDIC-insured, high-yield savings account in the cardholder's name with a special rate of 2.75% APY (variable rate as of 4/15/2008). Plus, $50 will be deposited into the savings account after the cardholder makes their first purchase.

Aside from the cash rebates, this card provides benefits and services commonly found with American Express® credit cards, such as auto rental insurance, a purchase protection plan, and up to $100,000 in travel accident insurance.

This card has an annual fee of $35 that is waived the first year, and the APR for purchases is reasonable for a reward card.

Therefore, those who plan to take advantage of the Savings Accelerator Plan rebate program and the various standard services will benefit most from what the One from American Express® has to offer.

Type of card: Personal

Introductory apr rate description: No Introductory Rate Available

Purchases apr rate: $10.99

Fee: $35.00

Max reward: 1%

Best: Receive $50 after the first purchase; cash back rebate program; no annual fee your first year.

Worst: Not all applicants may qualify for the lowest rate offered; cash back rebates are earned for purchases only.

Perks: Various Internet account related services. Purchase protection. Extended warranty for purchases. Return protection. Auto rental insurance. Emergency card replacement. Emergency cash replacement. Medical referral services. Legal referral services. Roadside assistance. Various travel and emergency assistance services. Up to $100,000 in travel accident insurance. No liability for unauthorized Internet transactions. See website for additional benefits.

Notations: The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources. The APR for purchases varies and will be 10.99%, 11.99%, or 12.99%. The card is currently unavailable to residents of Puerto Rico. See website for complete terms and conditions of card usage and application disclosure.

Additional description:

• Get $50 after Your First Purchase
• No Pre-Set Spending Limit
• Earn a Competitive Annual Percentage Yield (APY), Currently 2.75% (Variable Rate As of 4/15/2008)
• Never Pay Interest on New Purchases
• The Savings Accelerator(SM) Plan Contributes 1% of Eligible Purchases into an FDIC-Insured High-Yield Savings Account in Your Name
• No Annual Fee for the First Year - A $35 Savings
• Express Approval. Get a Decision in less than 60 Seconds