Here's a rewards card with a twist. Instead of paying you back in cash or miles or tchotchkes, the One card from American Express deposits your rewards -- 1% of your purchases -- into an FDIC-savings account. The card carries a $35 annual fee, waived for the first year, and the savings account currently pays 3.5% annually on your rewards and other deposits (800 223-2670).
Sunday 15 May 2011
American Express One credit card
Here's a rewards card with a twist. Instead of paying you back in cash or miles or tchotchkes, the One card from American Express deposits your rewards -- 1% of your purchases -- into an FDIC-savings account. The card carries a $35 annual fee, waived for the first year, and the savings account currently pays 3.5% annually on your rewards and other deposits (800 223-2670).
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