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Morgan Stanley American Express Platinum Card (2012 - 2021)

Morgan Stanley American Express Platinum Card (2012 - 2021)

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Old Sep 24, 21, 1:12 pm   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: Dr Jabadski
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Note: If you don't have a qualifying investment account, or if your only investment account is an Access Investing account, there is no longer an Engagement Bonus in the first year of having the CashPlus Platinum account.

Originally Posted by Dr Jabadski View Post
… I’m uncertain as to the requirements and procedures for a thread to have a Wiki(post). As with the New Platinum Card: To-Do List thread, might this thread qualify for a Wiki?
Originally Posted by mia View Post
Click: Thread Tools > Create a Wikipost and start one.
Okay mia, you’re on. (Disclaimer: I have never applied for any of these MS accounts ... but I did stay at a Holiday Inn Express once .)
Recommended step-by-step guide if goal is MS AmEx Platinum card with bonus and effectively no annual fee as of 8/1/21:

- Open MS Access Investing account (to establish the MS relationship) using online application with $5,000.

- Wait a few days.

- Open Platinum CashPlus account (requires existing MS relationship), must be opened by phone or through an advisor, cannot be done online.

- Fund Platinum CashPlus account with $25K.

- Wait a few days.

- Confirm CashPlus account's Account Fee Status page shows “Morgan Stanley Investment Relationship = Yes”.

- Apply for MS AmEx Platinum Card via the link that shows up in the CashPlus account once it's open.

- $5,000 monthly deposit or Social Security deposit in any amount and $25,000 Average Daily Cash Balance in the Bank Deposit Program to avoid Platinum CashPlus Monthly Account Fee.

- Meet minimum spending requirement on the AmEx Platinum card, as of 8/1/21: $6,000 within 6 months to receive sign-up bonus.

- Confirm $695 Annual Engagement Bonus posts to Platinum CashPlus account approximately 6 weeks after credit card approval. (As of 8/1/21, considerable discussion as to whether the FIRST Annual Engagement Bonus is paid within first few months of credit card account opening or at about 1 year after credit card account opening.)

- $1,000+ yearly spending requirement on the AmEx Platinum card needed to avoid having to pay taxes on the Engagement Bonus. (This language was removed from the disclosure statement after the Engagement Bonus was increased to $695.)

- Enjoy the sign-up bonus and all other AmEx Plat perks, don’t eat or drink too much .

Notes:

All accounts can be opened the same day, best to wait a few days between account openings/applications to ensure each successive account is fully integrated into MS systems to avoid problems.

Few or no reports of MS AmEx Platinum credit card applications being declined for people with Access Investing and Platinum CashPlus accounts, seems once that MS relationship has been established, credit card approval is almost automatic.

The credit card will count toward Chase’s 5/24.

Premier CashPlus not eligible for $695 Annual Engagement Bonus for the MS AmEx Platinum Card.

MS launched Access Investing in December 2017, launched CashPlus in January 2020.













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Old Mar 7, 12, 10:35 am
  #1  
Original Poster
 
Join Date: Jun 2002
Location: California USA
Posts: 615
Morgan Stanley American Express Platinum Card (2012 - 2021)

http://www.morganstanleyindividual.c...tions/MSCards/
SteveT is offline  
Old Mar 7, 12, 12:26 pm
  #2  
 
Join Date: May 2008
Location: PHL (kinda, no airport is really close)
Programs: AA Exp, but not sure for how long. Enterprise Platinum woo-hoo!
Posts: 4,234
You must have a Smith Barney account; the only difference I see compared to the regular Amex Plat is that you get a free additional card.
redtop43 is offline  
Old Mar 7, 12, 3:22 pm
  #3  
 
Join Date: May 2009
Location: HNL
Programs: HA, DL, UA, PC Gold, A/club Plat, HH Gold, Hyatt Pl
Posts: 1,461
the lesser card..seems pretty decent..especially as a way to extend your membership rewards points...although the bonus aint that hot
bitachu is offline  
Old Mar 7, 12, 6:17 pm
  #4  
 
Join Date: Oct 2011
Posts: 110
apparently it is new: http://online.wsj.com/article/BT-CO-...08-711248.html

Last edited by drsaith; Mar 8, 12 at 1:28 pm
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Old Mar 8, 12, 6:53 am
  #5  
mia
A FlyerTalk Posting Legend; Moderator: American Express, Citi, Chase, Credit Card Programs, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami, Mpls & London
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Originally Posted by redtop43 View Post
You must have a Smith Barney account; the only difference I see compared to the regular Amex Plat is that you get a free additional card.
There is also a small bonus for substantial spending, essentially a refund of the annual fee:

Receive an Anniversary Spend Award10 of $500 from Morgan Stanley Smith Barney each year you spend $100,000 on your Card by your anniversary date
Similar on the $95 credit card with a more modest spend:

Receive an Anniversary Spend Award4 of $100 from Morgan Stanley Smith Barney each year you spend $25,000 on your Card by your anniversary date
mia is online now  
Old Mar 8, 12, 7:09 am
  #6  
 
Join Date: Feb 2010
Location: Disney World
Programs: Fairmont Lifetime Platinum, Hyatt Globalist, AA Lifetime Gold
Posts: 321
Originally Posted by redtop43 View Post
You must have a Smith Barney account; the only difference I see compared to the regular Amex Plat is that you get a free additional card.
You also get $500 annually if you meet the spend threshhold. This card definitely seems better than the regular Plat.
bluto is offline  
Old Mar 8, 12, 9:53 am
  #7  
 
Join Date: Apr 2011
Location: Texas
Posts: 250
1 Spp card free, that a great deal.
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Old Mar 8, 12, 9:58 am
  #8  
 
Join Date: Jan 2006
Location: Pittsburgh, PA
Programs: Hyatt Globalist, Hilton Diamond, Marriott Lifetime Titanium
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Originally Posted by bluto View Post
You also get $500 annually if you meet the spend threshhold. This card definitely seems better than the regular Plat.
I agree. Looks like I may cancel my Mercedes Platinum this fall when the renewal comes up and signup for this one instead.

Maybe they have some leverage with getting a Centurion invite as an investment bank / broker behind the card
r.brown is offline  
Old Mar 9, 12, 12:18 am
  #9  
 
Join Date: Feb 2010
Location: Disney World
Programs: Fairmont Lifetime Platinum, Hyatt Globalist, AA Lifetime Gold
Posts: 321
My company has an account with Morgan Stanley. Even though I am the managing partner, technically the account is not in my name. If I read the terms and conditions, it seems I don't qualify. Has anyone else had success getting this card even though they don't technically meet the T&C?
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Old Mar 9, 12, 1:00 am
  #10  
 
Join Date: Sep 2006
Location: LAX
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Originally Posted by bluto View Post
My company has an account with Morgan Stanley. Even though I am the managing partner, technically the account is not in my name. If I read the terms and conditions, it seems I don't qualify. Has anyone else had success getting this card even though they don't technically meet the T&C?
Post 4 links to a 3/8/2012 WSJ article indicating these cards are newly released; it's unlikely anyone has any such knowledge yet. My guess would be that you're out of luck though.
JFKLAX321 is offline  
Old Mar 10, 12, 12:30 pm
  #11  
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Join Date: Jun 2002
Location: California USA
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Originally Posted by mzkaiser View Post
Post 4 links to a 3/8/2012 WSJ article indicating these cards are newly released; it's unlikely anyone has any such knowledge yet. My guess would be that you're out of luck though.
I would contact your MS contact to see if you are eligible.
SteveT is offline  
Old Mar 13, 12, 11:53 am
  #12  
 
Join Date: Apr 2005
Posts: 177
Applied and approved. Process is only via 800 number and speaking with a live agent. Big benefit here is the 50K MR points with only $1,000 spend over three months and a free companion card. Once this arrives, I'm ditching my regular Amex Platinum.
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Old Mar 13, 12, 12:28 pm
  #13  
mia
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Join Date: Jun 2003
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Originally Posted by cardtracker View Post
Applied and approved.
Do you have a Morgan Stanley account?
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Old Mar 13, 12, 2:02 pm
  #14  
 
Join Date: Apr 2005
Posts: 177
Originally Posted by mia View Post
Do you have a Morgan Stanley account?
Yes, part of the application process is an apparent validation that you have a MSSB brokerage account.
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Old Mar 13, 12, 6:12 pm
  #15  
 
Join Date: Nov 2009
Location: IAH
Programs: SPG Plat, Hyatt Plat, HHonors Gold
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Originally Posted by cardtracker View Post
Yes, part of the application process is an apparent validation that you have a MSSB brokerage account.
Want to help a brother out who's too lazy to call his MSSB financial advisor and give us that application 1-800 number?
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