American Express Launches Savings Credit Card

As I posted here earlier, Bank of America has launched a new savings program called Keep The Change with their debit cards where all purchases are rounded up with the difference being placed in your savings account. Now American Express Has launched a credit card that puts your cash rebate into a savings account.

The One from American Express is similar to their AmEx Green Card, but you are allowed to carry a balance. You receive a 1% cash back bonus, but instead of getting miles or points, the 1% is deposited into an American Express online bank (currently yielding 3.15%) account at the end of each month for you. They are also offering a $25 sign up bonus which you receive after your firs


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