In the wide world of credit card offers, most people are looking for the greatest rewards and the lowest fees.  One from American Express has combined these qualities to provide an excellent card to help consumers save as well as to increase their spending power.  Upon opening the account, the $35 annual fee will be waived for the first year, providing immediate savings.  After the first purchase, users will receive $50 in a high-yield, FDIC-insured savings account in their name as a jump-start to savings.  After that, a full 1% of eligible purchases on the One from American Express card will be deposited to this account, assuring the cardholder incredible savings.

The rewards don’t start there; they only add up.  On top of these benefits, cardholders do not have a preset spending limit, adjustable based on credit history and account maintenance.  The One from American Express card also offers competitive APR that can be adjusted based on credit history and account maintenance.  On the savings account, customers can earn up to 4.5% annual percentage yield, variable based on market rates.  With the options available with One from American Express, there is little reason to carry another card in your wallet.