Morgan Stanley Amex Platinum

Otherwise, as the article notes, barely positive if you are paying the fees. Why is the Morgan Stanley Platinum card interesting? You can get the whole $695 annual fee waived if you meet the qualifying requirements. As a reminder, these statement credits only apply if you have the Schwab version of the Platinum card. If you want the Schwab Platinum, you’ll need to apply for it directly . For non-service members, retention offers are a strategy to recoup some of the annual fee costs.

• The Morgan Stanley Platinum card is a great deal if you can get the avoid the monthly fees on a Platinum CashPlus account to get the $695 Annual Engagement Bonus.
• Despite the fact that each card comes with a credit for Global Entry or TSA PreCheck costs, there are key distinctions in the other credit options.
• Cash back refers to a credit card that refunds a small percentage of money spent on purchases.
• Even with a high yearly charge, if you make excellent use of the benefits, it may be worth it.
• It’s very clear Morgan Stanley didn’t plan on Access Investing being a significant gateway to people opening up CashPlus accounts.
• Schwab’s AF will be one of the last ones in a few months.
• For people who already have Morgan Stanley Platinum card, there’s a big problem.

Some cards provide as many free visits as you’d like. Others are more limited, and will charge you and your guests a fee for every visit. If the servicemember is on the account as the primary or an authorized user, annual fees should be waived. Even if the primary account holder is a active duty dependent and the active duty servicemember is added as an authorized user. Has anyone had luck getting annual fees waived as a drill status guardsman or traditional guardsman? I’m on a deployable status and end up on active orders for short periods of time but not active duty. Amex MLA benefits are automatically applied for “covered borrowers,” which includes active duty military servicemembers and their spouses.

Years Of Amex Platinum Fee Waivers

Rather than monitor their military cardmembers for eventual deployment or to have to deal with such issues after the fact, it may be easier for them just to give a blanket fee exemption to all service members. I just thought I’d add a little bit to the discussion about American Express waiving membership fees for active duty military personnel.

In case we haven’t hammered this home enough, all of the Hilton Aspire card benefits come via a credit card whose annual fee is waived for active-duty service members. Amex’s advantage doesn’t stop at its own cards, though. Thanks to its excellent partnerships, American Express also offers co-branded credit cards from Delta, Hilton, and Marriott.

Thoughts On morgan Stanley Amex Platinum: 100k Bonus Plus 10x On Select Purchase And Waivable $695 Annual Fee

If you do not fulfill these requirements and pay the monthly fee of $45, then you end up paying $540 for the year. You come out $10 ahead annually compared to the $550 annual fee on the Morgan Stanley Amex Platinum Card. But add in the investing account and the hassle, and it doesn’t make sense. Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity.

This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. If you find any information incorrect or expired, please contact us immediately. You can earn 5x MR points on air tickets with this card, and it is the best earning rate across all cards. Also this card now comes with a trip delay insurance which can be triggered by a 6+hrs delay, so it has become the best card to buy airline tickets.

• Offer includes debit cards for up to 5 family members.
• When I called Amex I just said “I hear you waive fees for people in the military”.
• If you’re concerned mostly with booking flights, there’s no better card than the Amex Platinum– period.
• The additional cardholders gets most benefits, besides the credits.
• At least the UI doesn’t have the visual balance quirks Fidelity has.

You’re more likely to have a higher credit limit if you have good or excellent credit. One of the great perks about the lounge is that you are offered free hot meals and free drinks, including alcoholic beverages.

Amex Platinum

“We don’t have a lot of clients who do their everyday financial management here,” said Tom Duffy, head of bank services for Morgan Stanley wealth management. By giving them “an incentive to move their everyday to Morgan Stanley and bring more bank deposits with it, we think we can get to that $50 billion.” If you’re not going to use all of the card’s advantages, don’t sign up for a new one. Either way, sticking to a budget that you can afford to pay off in a month is a smart move. You might lose a lot of money if you keep a balance on these reward cards.

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. Electronic payments arrive to the payee within 1-2 business days, check payments arrive to the payee within 5 business days. Same-day and overnight payments are available for an additional fee within the available payment timeframes. An ALG is a group of accounts with the same mailing address which a client opts to consolidate for purposes of statement mailings and online access. Each ALG receives its statements in a single envelope, in a consolidated format, with a summary page showing the value of each linked account. Greenlight is a debit card and money app for families, managed by parents.

Youre Our First Priority Every Time

Choosing the right travel credit card is a personal decision based on your specific needs. If you have a lot of business expenses, often travel for work, and can easily spend enough to get the welcome bonus, the Amex Business Platinum card may be the correct choice for you.

For example, you should receive the $695 Annual Engagement Bonus in months 12, 24, 36, 48, etc. We keep a list of the best current credit card bonuses and this page offers more instructions about how it all works. I called last week for a retention offer and received 50k points. The previous month I received 50k for regular platinum card. morgan stanley amex platinum fee waiver Doesn’t seem to be an incentive for them to stiff existing cardholders…either way the engagement bonus would get their desired result of signing up for the CashPlus account. Since I already have the card, I don’t need to go through the mental gymnastics for this offer. I’ve got 4 AmEx credit cards and my wife has 5 AmEx credit cards.

Cash Back On The Purchases You Make Every Day

The card comes with a $550 annual fee and all the benefits that the other versions offer. The good thing about having different versions of the Platinum Card, is that you can sign up for each one and receive the welcome bonus once for each per lifetime. Loyalty pays, so consider your entire financial picture. It might make sense to consolidate your banking, credit card and investment activity with a single provider in order to earn premium perks such as enhanced rewards and lower fees. This could be a decent option to offset your $695 annual fee on the Morgan Stanley Amex Platinum Card.

Log into your Amex Platinum card account online and then select Account Services at the top of the page. From there, select Credit Management and choose SCRA Benefits. https://wave-accounting.net/ We may be compensated when you click on links from one or more of our advertising partners. 6% cash back on select U.S. streaming services, with no cap.

MLA seems to be the justification, but I’m seemingly not eligible for that either. Just a quick update in 2022 here – I’ve had dozens of Amex cards since 2012. However, he mentioned to me that he wasn’t paying any annual fee because AMEX had waived the fee under theServicemembers Civil Relief Act, a law Congress passed in 2003.

For those who cannot check off more than a few of these conditions, it is much less flexible than CSR and one might struggle to use the benefits. If I had paid something for an AMEX Platinum card, I would try to find something I wanted, or could sell, that I could buy from Saks to use the credit. But I don’t need any more kitchen knives, or whatever. I would not count getting for “free” something I don’t want as a benefit.

The key is to find the best card for your behaviors. I ionyl got the card because of the Schwab sign up bonus. Don’t have any interest in paying that fee on an ongoing basis.

Otherwise, you can get at least a 100,000-point welcome bonus for spending $6,000 within the first six months. Up to a $100 application fee credit for Global Entry or TSA PreCheck, essentially covering your enrollment fee if you apply and pay for one of these programs with your Platinum Card. Enrollment may be required for select American Express benefits and offers. This card is full of benefits,including excellent travel insurance coverage. Hilton Honors Diamond Status — You’ll enjoy room upgrades , early-check in, late checkout, free breakfast,increased earnings on bonus points, and executive lounge access. To open a Morgan Stanley Access Investing account, you need a minimum deposit of $5,000, which may be out of reach for many people.

A Quick Guide To Each Version Of The American Express Platinum Card

I’d try calling back and asking to speak to a customer service rep familiar with the SCRA benefits program. Many CSRs do not have formal training on SCRA benefits and do not understand the program.

Our taxable accounts all hold well above $25,000 in fixed income, so we simply move $25,000 in fixed income allocation from Fidelity to our Platinum CashPlus account. The only ongoing activity is transferring one spouse’s paychecks out to Fidelity once a month, as the paychecks are needed to meet the $5,000 monthly direct deposit requirement. But Platinum CashPlus is just a pass through, so no substantive change to our finances.

Escape Lounges

These elite statuses include several perks that can save you money and improve your stays with each hotel chain. An exclusive benefit for Morgan Stanley card members is the option to add one additional Platinum Card to your account for no additional fee . That means you can add an authorized user to your account and they get their own Platinum Card, free of charge. Airport lounge access is a strong point with every version of The Platinum Card® from American Express, and this one is no exception. It includes access to multiple types of lounges, including Centurion Lounges, Priority Pass lounges , Delta Sky Clubs, and several others.