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FREE $50 Signup Bonus @ American Express

American Express credit cards is running a $50 signup bonus on the One from American Express. Sign up for One from American Express, make a purchase, and you will be credited with $50.

This credit card is unique because it is coupled with a high interest savings account. Basically, American Express will deposit 1% of whatever you spend into a FDIC insured 5.00% APY high yield savings account. 5.00% APY is a fairly high interest rate for a liquid savings account, and after your first purchase, they’ll deposit $50 into this account to help you jump start your savings.

Another unique benefit about this credit card is the “Interest Protection” feature. According to the fine print, you never pay interest, even if you carry a balance. (SOUNDS too good to be true, so if someone can shed some light on this, please leave a comment to let me know)

The annual fee of $35 is waived for the first year, so there are no drawbacks in signing up for this card to cash-in on the $50 signing bonus. Just remember to cancel this card if you don’t plan on using it.

Also, just a friendly reminder that American Express’s FREE Roundtrip Airline Ticket Deal expires on August 31st!

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