American Express Savings Accelerator
Savings Accelerator is a credit card product from American Express. Whats intriguing with this is, with each card comes a savings account. And the money to save is from the card itself.
Yep! Every 1% of the spendings is deposited in the savings account by the card company. The savings come in the form of spendings & grows at a high yield interest rate. Isn’t it good marketing?
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Nirek said,
June 17, 2007 at 7:15 pm
nice idea dude! I like this better than money back scheme from other bank’s credit card….
I am redirecting all my expenses thru credit card these days and I pay back the amount within the interest free time period. It helps me in having clean account on my expenses. Anything like this which gives me some money for spending thru credit card is addendum for me.
Nirek said,
June 17, 2007 at 1:45 pm
nice idea dude! I like this better than money back scheme from other bank's credit card….
I am redirecting all my expenses thru credit card these days and I pay back the amount within the interest free time period. It helps me in having clean account on my expenses. Anything like this which gives me some money for spending thru credit card is addendum for me.
kadalamittai said,
June 18, 2007 at 11:42 am
ha ha they are again increasing ur credit in terms of the word Save :).
i am sticking to the policy that one card should do one work.. Credit and Save are moron to each and other. further biggest asset of any credit card company are peoples lazyness to monitor their credit level and planned repayment rather than not paying( which is very less case).
Good info after a long thrattle gap :)
kadalamittai said,
June 18, 2007 at 6:12 am
ha ha they are again increasing ur credit in terms of the word Save :).
i am sticking to the policy that one card should do one work.. Credit and Save are moron to each and other. further biggest asset of any credit card company are peoples lazyness to monitor their credit level and planned repayment rather than not paying( which is very less case).
Good info after a long thrattle gap :)
Ranjhith said,
June 19, 2007 at 11:55 am
@Nirek
Yes. Its a great idea. Credit cardaa? Thala konjam paathu, pay off your bills right on time.
@Adiya
> they are again increasing ur credit
Hmm. I didn’t get it.
Yeah, I missed to pay once & later, paid triple of the sum to compensate. :( Credit cards are getting better & better. The wireless ones from Visa. Its so easy to spend. :)
adiya said,
June 19, 2007 at 4:18 pm
:) yes CreditCard are good conduit to manipulate life but not the messiah is my thing. further they use our CreditCard Management as the key. if u miss ur missed kind. :) which is ok but the toll is more thats it.
ranjhith said,
June 19, 2007 at 6:25 am
@Nirek
Yes. Its a great idea. Credit cardaa? Thala konjam paathu, pay off your bills right on time.
@Adiya
> they are again increasing ur credit
Hmm. I didn't get it.
Yeah, I missed to pay once & later, paid triple of the sum to compensate. :( Credit cards are getting better & better. The wireless ones from Visa. Its so easy to spend. :)
adiya said,
June 19, 2007 at 10:48 am
:) yes CreditCard are good conduit to manipulate life but not the messiah is my thing. further they use our CreditCard Management as the key. if u miss ur missed kind. :) which is ok but the toll is more thats it.