Archive for the 'rebate' Category

Nothing But Sunshine In April


April is the month for a Low APR and a Rebate

April may bring showers, but not at American 1. Here, new and existing members are seeing nothing but sunshine as they come in for a new secured, closed-end loan through the end of April. This is because American 1 is raising the umbrella over members with a 1.99% APR* for qualifying applicants. Members will also receive 50% of the interest they pay through the end of the year back as a warming gift come January.

So if you’re looking for a new vehicle or are patiently waiting for warm weather to arrive so you can get an ATV or Jet Ski, then we’ve got you covered. Just come in and talk with one of our Member Service Specialists to apply for a new secured, closed-end loan.

Not to be outdone, we also want to help our members who have high interest rates and fees on their credit cards. If you transfer at least $500 to our local and affordable American 1 Visa, you will be entered to win $1,000. You will get one entry for every $500 that you transfer no matter how large your transfer is! Want to transfer $2,000? That’s okay! You will then have 4 entries into our drawing.

Now members can enjoy great rates and competitive rebates while supporting their community. What better time is there to become a member?

1.99% Annual Percentage Rate (APR) listed is based on credit score and term, and subject to approval. See any branch for details.

Rebate 2010: birthday present

Cindy Grymko took the rebate

Last year, Cindy Grymko was thinking about her upcoming 50th birthday, and thought a new car would be a great gift.

So she got one. A beefed-up Chrysler 300C, complete with a Hemi motor and “all the horns and whistles,” she says.

“This is an upgrade model,” Cindy says. “I thought, ‘What do I need a Hemi for?’”

Cindy financed her car with Chrysler, but before she made her first payment an American 1 employee at our former Argyle Branch told her about the 50% loan rebate in April. She hadn’t had the car a month yet, but figured, “why not?”

“I told them, ‘Sure, sounds good. What do I have to do?’” Cindy says.

Initially, she had no idea how much she would get back for her interest rebate. She figured maybe $400 or $500, tops, for the interest she was paying on her souped-up Chrysler.

But when the rebate deposit hit her account, she saw the rebate gave her more than double what she thought.

“I was like, ‘Wow, that’s cool,’” Cindy says. “It’s helped me stay afloat, with the economy and helping the kids.”

Cindy was off work due to knee surgery, and was afraid she might be late on a payment – which would mean she would forfeit the rebate. But she found a way, and ended up being one of the top five rebate recipients last year.

“I would tell anyone to do it,” she says. “It’s like a tax refund, but it helps build your credit.”

Learn more about our 2010 rebate.

Rebate 2010: In the market

Robert Baker took the rebate

Robert Baker wasn’t thinking about getting a new car until he learned about the loan rebate at our Battle Creek Branch last year.

The car? A 2009 Mercedes-Benz Clk.

“It was a car I’ve wanted for a long time,” Robert says. “And the price was right.”

Robert was one of the top rebate recipients this past January, earning back over $1,100. He and his wife used the rebate cash to travel to Florida with a motorcycle and cruise through the Keys.

To get the rebate, he financed a smaller, sporty luxury car that only had 400 miles on the odometer – but was still considered used. Robert spotted the Mercedes on eBay, waited until the auction ended, then called up the owner and made a deal.

“Without the rebate, I wouldn’t have even been looking,” he says. “All things considered, it wasn’t bad. Everything fell into place.”

Now he loves his car, and recommends that others take advantage of the rebate, too.

“Especially if you’re in the market,” Robert says. “I might just do it again this year.”

Learn more about our 2010 rebate.

American 1 Federal Credit Union