Morgan Stanley and American Express Introduce Exclusive Morgan Stanley Blue Cash Preferred® Card

Rhea-AI Summary

Morgan Stanley and American Express have launched the Morgan Stanley Blue Cash Preferred® American Express Card, designed for clients with a Morgan Stanley brokerage account. Cardholders can earn a $100 statement credit each year and receive up to 6% cash back on various purchases, including groceries, gas, and streaming services.

The card offers a welcome bonus of $300 after spending $3,000 within the first six months, alongside a $0 annual fee for the first year. It is aimed at enhancing client financial management and providing exclusive rewards.

Positive

• Introduced a new premium credit card for Morgan Stanley clients, enhancing service offerings.
• Provides up to $100 statement credit annually after spending $15,000 on eligible purchases.
• Offers 6% cash back on groceries and streaming services with a $300 welcome bonus after $3,000 spend in first six months.
• No annual fee for the first year, making it attractive for new users.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Morgan Stanley and American Express today introduced the Morgan Stanley Blue Cash Preferred® American Express Card for clients with an eligible Morgan Stanley brokerage account. This Card gives Morgan Stanley clients access to the award-winning American Express cash back Card program plus exclusive benefits.

With the Morgan Stanley Blue Cash Preferred American Express Card, Card Members can earn an exclusive $100 statement credit each calendar year and cash back up to 6% on their everyday purchases like groceries, gas, transit and streaming services.

“At Morgan Stanley, we are continuously looking to provide the best benefits to our clients and empower them with their monetary decisions. The Morgan Stanley Blue Cash Preferred American Express Card gives our clients yet another tool to manage their financial needs, while being rewarded with cash back,” said Paul Halpern, Head of Deposits and Banking Services, Morgan Stanley Private Banking Group.

“Our Card Members love earning cash back on the things they do every day, like cooking at home and streaming their favorite show, which is why the Blue Cash Preferred Card is one of our most popular cash back Cards,” said Jon Gantman, Senior Vice President, Cobrand Product Management, American Express. “With this new Card, Morgan Stanley clients are getting one-of-a-kind value that can only come from their Morgan Stanley American Express Card Membership.”

The new Morgan Stanley Blue Cash Preferred American Express Card comes with a welcome offer of a $300 statement credit after Card Members spend $3,000 on eligible purchases in the first six months and a $0 annual fee for the first year ($95 annual fee thereafter). Terms apply.

Full Morgan Stanley Blue Cash Preferred American Express Card Benefits include:

• Exclusive Morgan Stanley Benefit: $100 statement credit every year after spending $15,000 on eligible purchases
• Award-Winning Cash Back Program Access:
  • 6% cash back at US supermarkets on up to $6,000 per year in purchases, then 1% afterward
  • 6% cash back on select US streaming subscriptions
  • 3% cash back at US gas stations and on transit
  • 1% cash back on other eligible purchases
  • $120 Equinox+ Credit (earn $10 in statement credits per month, up to $120 per calendar year)
• Welcome Offer: 0% introductory APR on purchases for 12 months from the date of account opening, then a variable APR, 12.99% to 23.99% (see Rates & Fees)
• Amex Backing and Experiences:
  • Car Rental Insurance
  • Global Assist Hotline
  • Dispute Resolution
  • Entertainment Access
• Buy Now, Pay Later with Plan It^®: Pay for purchases of $100 or more in monthly installments with a fixed fee (see Plan It terms)

The Blue Cash Preferred Card joins the Platinum Card in the portfolio of American Express Cards exclusively for Morgan Stanley.

Terms and limitations apply. Clients should contact their Morgan Stanley Financial Advisor to learn more and to apply for the Morgan Stanley Blue Cash Preferred Card. Visit americanexpress.com/mscards for additional information.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

©2021 Morgan Stanley Smith Barney LLC. Member SIPC

About American Express

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate responsibility and Environmental, Social, and Governance reports.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110005393/en/

Morgan Stanley Contacts: Susan Siering, Susan.Siering@morganstanley.com or Cesaltine Gregorio, Cesaltine.Gregorio@morganstanley.com

American Express Contacts: Margaret Manning, Margaret.k.manning@aexp.com

Source: Morgan Stanley

FAQ

What benefits does the Morgan Stanley Blue Cash Preferred American Express Card offer to clients with an MS brokerage account?

The card offers up to 6% cash back on eligible purchases, a $100 annual statement credit after $15,000 spent, a $300 welcome bonus, and a $0 annual fee for the first year.

When was the Morgan Stanley Blue Cash Preferred American Express Card launched?

The card was introduced in a press release dated November 10, 2021.

What is the annual fee for the Morgan Stanley Blue Cash Preferred American Express Card?

The card has a $0 annual fee for the first year; thereafter, the fee is $95.

How much cash back can clients earn with the Morgan Stanley Blue Cash Preferred American Express Card?

Clients can earn up to 6% cash back on eligible purchases like groceries and streaming services.

What is the welcome offer for new cardholders of the Morgan Stanley Blue Cash Preferred American Express Card?

New cardholders can receive a $300 statement credit after spending $3,000 on eligible purchases within the first six months.