AmEx Platinum Card for Morgan Stanley Review (2018.5 Update: 60k Offer)

The Platinum Card from American Express Exclusively for Morgan Stanley Review

2018.7.2 Update: AmEx Platinum now has a new benefit: Saks credit. “Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or on your Platinum Card. That’s up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.”

2018.5 Update: This card has been there for years, but we didn’t mention it before. The main reason is that, it requires you to have a Morgan Stanley account to get approved. However, usually, you need to have $10M to be eligible to open a Morgan Stanley account. Now we learned that, you can actually open one of the Morgan Stanley accounts (i.e. Access Investing) without being rich! Big thanks to Windbag Miles who first discovered and tested this!

Application Link


  1. Earn 60,000 Membership Rewards (MR) Points after spending $5,000 in first 3 months.
  2. We estimate that Membership Rewards (MR) are worth about 1.6 cents/point, see below for a brief introduction. So the 60k highest sign-up bonus is worth about $900!
  3. The first authorized user is permanently free!
  4. You can cash out your MR points into your Morgan Stanley brokerage account at a fixed ratio 1 cent/point. Note that the cash out ratio for AmEx Platinum for Schwab is 1.25 cents/point, so obviously the Schwab version is a better choice for this purpose.
  5. Earn an Anniversary Spend Award of $500 from Morgan Stanley after you spend $100,000 in purchases on your Card each year by your anniversary date. (i.e. just additional 0.5% cash back)
  6. Earn 5x MR points for flights booked directly with airlines or with American Express Travel.
  7. Earn 5x MR points for hotels booked directly with airlines or with American Express Travel. Earn 1 Membership Rewards Point per $1 spent on all  other purchases.
  8. $200 airline fee credit for incidental charges such as checked bags per calendar year. Because this benefit resets according to calendar year instead of when you opened the card, you can actually get airline fee credit TWICE during the first year! Note that this benefit is not automatically enrolled, you need to enroll and specify an airline by clicking here.
  9. The airline credit is actually easy to get: although AmEx terms & conditions says airline gift cards are excluded, data points show that they actually can trigger the credit.
  10. $200 annual Uber credits ($15 per month, $35 in December). The credits will expire every month.
  11. New: $100 annual Saks Fifth Avenue credit: That’s up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. Both online and in store will work. No minimum purchase required. Enrollment required.
  12. Complimentary access to the following airport lounges:
  13. Complimentary SPG Gold Status. Use this link to activate.
  14. Complimentary Hilton Gold Status. Use this link to activate.
  15. Complimentary membership for Avis, Hertz, and National membership. Use this link to activate.
  16. Complimentary Boingo membership (Airport free Wi-Fi). Use this link to enroll.
  17. Up to $100 credit for Global Entry or TSA Pre application fee.
  18. Fine Hotels and Resorts (FHR): if you book hotels through FHR, you can enjoy the benefits of elite members, such as: room upgrades, free Wi-Fi, free breakfast, etc. The benefits varies by hotels.
  19. Platinum Card Concierge service: for the busy or even lazy, you can use this service to book hotels or reserve restaurants and so on, the service is said to be very, very good.
  20. With this credit card, you can get access to Amex Offers, which often offers very good discounts at some stores. In the past we have seen offers like: Spend $15 or more and get $5 back at Walmart; Spend $75 or more and get $25 back on
  21. No foreign transaction fee.
  22. Authorized users also have access to the airport lounges mentioned above, and each of them can get complimentary hotel status. The $200 annual air credit is shared between cardholder and authorized users.
  23. This card is relatively easy to get approved for because it is a Charge Card, not a Credit Card. Charge card means that you don’t have the option to pay only minimum payment, you have to pay your balance in full on the due dates. Note that Charge Card applications will also result in a Hard Pull, just like Credit Card applications.
  24. Charge Cards have no pre-set spending limit.


  1. $550 annual fee, NOT waived for the first year. Note that annual fee does not count towards the minimum spending requirement (and this is true for all credit cards)! 
  2. Apart from the first authorized user (no annual fee), for up to three Additional Platinum Cards, the total annual fee is $175.

Introduction to MR Points

Recommended Application Time

  1. You can get the sign-up bonus once in a lifetime, so be sure to apply when the historical highest offer appears.
  2. AmEx doesn’t care about the number of hard pulls.
  3. You can try to apply for it when you have a credit history of 6 months.
  4. You must wait at least 90 days between the application for different flavors of AmEx Platinum cards, otherwise the application will be cancelled.


The most special feature of this version of the AmEx Platinum card is that, the first authorized user is free. If you decide to keep an AmEx Platinum card for a long time, then this version is suitable to give your spouse an authorized user card to enjoy the benefits. If you apply soon and keep this card for one year, you will get 60k MR points (worth about $960, and at a minimum $750), two airline fee credits ($200*2), and $200 uber credit. The cost is just the first year annual fee $550. So in total, the net income is about $1010! In order to avoid the repeat of perks, I don’t suggest you apply for this card when you have the regular AmEx Platinum Card. The travel perks are great but the earnings rate is not impressive so I wouldn’t call this card a keeper. Note that there are a lot of perks in this card, and some of them need to be enrolled by yourself, don’t forget to enroll them after receiving the card! If one day you don’t want to keep this card any more, but still want your MR points, you can apply for the AmEx EveryDay (ED) (no annual fee) to keep the MR points and use them in the future.

To Do List After You Get The Card

  1. Enroll in Airline Incident Fee Credit benefit and choose a carrier. You must enroll and choose a carrier prior to making a reimbursable purchase.
  2. Add your card to Uber or UberEats.
  3. Enroll in Saks Credit benefit.
  4. Enroll in Priority Pass Select (PPS).
  5. Enroll in SPG Gold.
  6. Enroll in Hilton Gold.
  7. Enroll for Avis, Hertz and NationalCar Rental Privileges.
  8. Enroll in Boingo American Express Preferred Plan (Wi-Fi internet access).
  9. Apply for Global Entry ($100 reimbursement) or TSA PreCheck ($85 reimbursement).

Related Credit Cards

Note that, although the look and benefits of the following cards are almost the same, they are different products, and they don’t affect each other’s sign-up bonus. See this post for the comparison of benefits.

Recommended Downgrade Options

  • You can not downgrade this card to any card with no annual fee, so I suggest you close it when you don’t want to keep it any longer.

After Applying

  • Click here to check AmEx application status.
  • AmEx reconsideration backdoor number: 877-399-3083. The “real” backdoor number of Amex is well protected. Different from Chase, the representatives from this AmEx reconsideration backdoor number only have the right to help you submit requests.

Historical Offers Chart

Application Link

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