How to Open a Morgan Stanley American Express Credit Card and Waive the $695 Annual Fee with the Engagement Bonus

If you’re looking for a premium credit card that offers luxury perks and exclusive benefits, the Morgan Stanley American Express Platinum Card is a great choice. One of the standout features of this card is that Morgan Stanley clients can potentially have the hefty $695 annual fee waived through the Engagement Bonus. Here’s how you can open the card and take advantage of this benefit.

Step 1: Meet the Eligibility Requirements

To open a Morgan Stanley American Express Platinum Card and access the Engagement Bonus, you need to:

1. Be a Morgan Stanley Client: You must have an eligible account with Morgan Stanley, such as:
• A Morgan Stanley Access Investing account (minimum deposit of $5,000).
• A full-service brokerage account.
• Other investment accounts managed through Morgan Stanley.
2. Qualify for a Morgan Stanley CashPlus Account:
• The CashPlus account is required to unlock the Engagement Bonus.
• Choose from either the Premier CashPlus or Platinum CashPlus account.
• Note that the Platinum CashPlus account waives the $695 annual fee entirely via the Engagement Bonus.

Step 2: Open a Morgan Stanley CashPlus Account

The Morgan Stanley CashPlus account is integral to this process. Here’s what you need to know:

1. Choose the Right CashPlus Tier:
• Premier CashPlus: Requires a $45 monthly fee, which can be waived with certain criteria.
• Platinum CashPlus: Requires a $55 monthly fee, which can also be waived if you:
• Maintain $25,000 in monthly deposits.
• Deposit $5,000 monthly into linked Morgan Stanley accounts.
2. Perks of CashPlus Accounts:
• Unlimited ATM fee rebates.
• No foreign transaction fees.
• Free incoming and outgoing wires.
• Family account linking for easier management.
3. Engagement Bonus:
• The Platinum CashPlus account offers an annual $695 Engagement Bonus, which can offset the Morgan Stanley American Express Platinum Card’s annual fee.

Step 3: Apply for the Morgan Stanley American Express Platinum Card

Once you’ve set up your CashPlus account, follow these steps:

1. Log in to Your Morgan Stanley Account:
• Navigate to the “Rewards and Benefits” section and locate the application link for the Morgan Stanley Amex Platinum Card.
2. Complete the Application:
• Provide your personal details and Morgan Stanley account information.
• Your application will be reviewed, and upon approval, you’ll receive your card within a few days.
3. Additional Card Benefits:
• A $695 annual fee (covered by the Engagement Bonus).
• 5x Membership Rewards points on flights and hotels booked through Amex Travel.
• $200 airline fee credit.
• Up to $200 in Uber credits annually.
• Access to Amex Centurion Lounges and Priority Pass lounges.

Step 4: Maintain Eligibility for the Engagement Bonus

To ensure you receive the $695 Engagement Bonus annually:

1. Meet CashPlus Requirements:
• Maintain your Platinum CashPlus account with the necessary deposit or spending thresholds.
• Ensure that your account remains active and in good standing.
2. Automatic Credit:
• The Engagement Bonus is credited automatically to your CashPlus account each year, effectively covering your Platinum Card’s annual fee.

Final Thoughts

The Morgan Stanley American Express Platinum Card is a premium offering with unparalleled perks for frequent travelers and luxury seekers. By strategically combining it with a Morgan Stanley Platinum CashPlus account, you can enjoy the card’s benefits without worrying about the $695 annual fee.

This combination is ideal for individuals who value financial planning and high-tier credit card rewards. If you’re not yet a Morgan Stanley client, consider opening an Access Investing account to start your journey toward premium financial benefits.

Ready to get started? Contact Morgan Stanley today to explore your eligibility and unlock these incredible rewards!