The American Express Platinum Card is enticing, but even some wealthy people don’t like the idea of paying a $550 annual fee for the right to use a credit card. Morgan Stanley is luring those customers in with the free American Express Platinum Card.
Morgan Stanley customers can get the card without paying the annual fee as long as they have at least one million dollars in assets and liabilities with the trading firm.
Those who believe they qualify for the free American Express card can apply via phone call. Morgan Stanley customers who want the card but don’t qualify for the free option can also apply by calling.
About the Platinum Card from American Express
The American Express Platinum Card has been around since 1984. It hit the market as a luxury travel card and now offers an even more impressive list of benefits to entice cardholders.
The Platinum Card from American Express shines when it comes to travel rewards. Consumers earn five Membership Rewards points for each dollar they spend on airfare as long as they buy the tickets directly from the airline or from American Express Travel. They also earn five points for every dollar spent on hotels they book through AMEX Travel. Then, they earn another point per dollar spent on other purchases.
Cardholders have the option to boost their reward points from the get-go by earning 60,000 points after making $5,000 in purchases during the first three months. AMEX also offers a $200 annual credit for the airline of the cardholder’s choice. It can’t be used for airfare, but it can be used for baggage fees and other incidentals. Cardholders can switch airlines from one year to the next.
This card also opens doors by allowing cardholders access into more than 1,000 airport lounges around the world, and they receive Gold status with the Hilton HHonors and Starwood Preferred Guests programs. These rewards programs include additional perks for travelers to enjoy.
This card also helps people live the jet-setting life on the road. Cardholders get $200 in Uber credits every year. The credits aren’t given all at once, but instead awarded on a monthly basis.
Cardholders can take those free Uber rides to various food events and restaurants. The Platinum Card includes the Global Dining Collection perk. This perk includes access to culinary events and reserved seating at certain restaurants.
Compare American Express Cards
American Express® Gold Card
- Earn 4X membership rewards points at restaurants
- 4X points at US supermarkets (up to $25,000 per year, then 1X)
Blue Cash Preferred® Card from American Express
- 6% Cash Back at U.S. supermarkets, up to $6,000 per year then 1%
- Earn 3% Cash Back on transit and 3% Cash Back at U.S. gas stations
The Platinum Card® from American Express
- Earn 5X points on flights booked directly with airlines or American Express Travel
- Earn 5X points on prepaid hotels booked on amextravel.com
Benefits of a Morgan Stanley American Express Platinum Card
Even those who do not qualify for the free American Express Platinum Card with Morgan Stanley might want to consider getting one. The card comes with some exclusive perks for Morgan Stanley customers.
Cardholders have the option of using Membership Reward points for deposits with the trading firm. If someone earns 60,000 points, that equals $600 in deposits. With all of the ways to earn points, cardholders can get thousands of points quickly.
Cardholders can also receive a $500 anniversary spend award every year. To receive this, cardholders must make $100,000 in purchases on the card by the anniversary date. If they do that, they will receive the bonus money.
Morgan Stanley clients also have the option of adding an additional Platinum Card to their account for no additional fees. That means they can give a card to their spouse or child without paying an annual fee.
Those who like the prestige and power of the Platinum Card from American Express will surely like the extra perks provided by Morgan Stanley. This is especially true for account holders who have over $1 million in assets docked at Morgan Stanley. Waiving the annual fee is a huge perk and makes the card a smart financial option for people who travel quite a bit.
Cardholders can easily stock up on reward points and other perks when they use the card. In fact, those who track the points will likely see that they finish way ahead of the pack. They can end up with extra money in their Morgan Stanley accounts and points they can use for travel. That makes this a sound financial decision, especially for consumers who don’t have to pay the annual fee.
Author: Jeff Gitlen
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