The Platinum Card from American Express Exclusively for Morgan Stanley

Card Details and Application Link
The Platinum Card® from American Express Exclusively for Morgan Stanley
125K points ⓘ Non-Affiliate
125K after $8K spend in first 6 months. Terms apply.
$695 Annual Fee

Click Here to Apply
This is NOT an affiliate offer. We always present the best offer even when it means less revenue for Frequent Miler
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Recent better offer: 125K points after 6k spend [Expired 11/8/23]
FM Mini Review: In my opinion, this is the best of the consumer Amex Platinum cards when you need two cards thanks to Morgan Stanley offering one free authorized user. Unfortunately you do need to have a Morgan Stanley account to apply.
Earning rate: ✦ 5X points for flights booked directly with airlines or with American Express Travel ✦ 5X prepaid hotels booked with American Express Travel
Base: 1X (1.55%)
Travel: 5X (7.75%)
Card Info: Amex Pay Over Time Card issued by Amex. This card has no foreign currency conversion fees.
Big spend bonus: $500 after $100K cardmember year spend
Noteworthy perks: This card includes all of the great perks that come with the American Express Platinum Card, plus: ✦ 1 Free Authorized User ✦ Redeem points for 1 cent each into your Morgage Stanley account ✦ $695 Annual Engagement Bonus for Platinum CashPlus accounts

Application Tips


Amex Application Tips



  • Safe to Apply: Amex is the safest bank for trying your luck at earning a new welcome bonus offer. They don’t usually issue a hard pull when denying your application, and if you already have an Amex card, they won't usually issue a hard pull when approved for another one. Plus, they’ll now warn you during the application process if you’re not eligible for the bonus.

  • Lifetime Rule: If you've ever had the same card before, you are most likely prohibited from earning a welcome bonus offer for the card if you apply now. Fortunately you'll be warned during the application process if this is the case. Amex is known to "forget" that you've had a card after about 7 years.

  • 90 Day Rule: You can get at most two credit cards within 90 days. This rule does not apply to Pay Over Time (charge) cards.

  • 5 credit card max: Amex usually won't approve applications for new credit cards if you already have 5 or more Amex credit cards or 10 or more charge cards.

  • Better Offers: You may be able to get a better offer than the best available public offer. Details here.

  • Hard inquiries combine into 1 when approved same day


Check application status here.
If denied, call reconsideration: 877-399-3083 (new accountholders); 866-314-0237 (current accountholders)


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Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Recent better offer: None

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15 Comments
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Joan Homyak

With an Amex plat, no admission to Delta lounges if you’re flying basic economy. Must be booked in main or higher

Frank

I have had the Morgan Stanley version for some years and want to keep it for the Travel insurance including repatriation if needed.

I got the card by opening a Morgan Stanley brokerage account with $5000 (this is NOT self-directed and so they take a fee but the return has been not as terrible as I had expected. In addition I had to have a cash savings account with $25,000minimum that earns almost 0% interest to get them to refund my annual fee of $695 on the card.

Now that interest rates are substantially higher the opportunity cost is a lot more than the $695 annual fee.

Does anyone know if I can just close the Morgan Stanley accounts and invest the $30,000+ elsewhere and still keep the Amex Platinum card or will Amex close my account? I can now get $1500 interest (FDIC insured but taxable) for that amount of money.

BTW, the $695 refund from Morgan Stanley is now taxable as they are sending a 1099-OID since last year.

Frank

Any answers?

Greg The Frequent Miler

I don’t know the answer

Nick Reyes

You might want to try asking in our Frequent Miler Insiders Facebook group. I imagine someone there has been in this situation before.

Frank

Thanks Nick. I think I can safely reduce the Cah account to $1 and they will bill me $55 per month … still better than losing interest on $25,000.

Tarik

Nick, I tried asking in the group today but my post was declined saying this was discussed recently. I did research the group before posting and couldn’t find it. Could you help? Thanks!

andy

can’t you just close the cash savings account and keep the card open. you’d forfeit the engagement bonus but you’d also save on the account fees

Frank

I plan to keep the account open but with only a few $$ in it. We’ll see what Amex does.

Tarik

I’m interested in this as well because I was planning on opening a MS account for 1 month just to apply for the card. Anyone knows if that would work?

Frank

I don’t know.

Frank

Bad news: The Morgan Stanley Engagement Bonus (refund of the $695 AMEX fee) is now taxable !!

So, keeping the $25,000 in the cash account with virtually zero interest and the $5,000+ in the access investing is now becoming less and less appealing. $25K invested in a savings account should get at least 3.5% (even Capital One is 3.3%).

Interestingly, the Access Investing where I expected to lose money is actually doing OK.

Piyush

Seems like the 125k offer has expired.

[…] the Morgan Stanley $550 Annual Engagement Bonus.  This relationship bonus perfectly offsets the Morgan Stanley Platinum Card’s annual fee.  It appears, though, that you can earn the same $550 each year even if you don’t […]

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