American Express and Morgan Stanley have joined forces for a new co-branded credit card. The new card, the Morgan Stanley Blue Cash Preferred® American Express Card, provides exclusive cash back rewards for customers with an eligible Morgan Stanley brokerage account.
Amex and Morgan Stanley Launch New Cash Back Credit Card
- 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)
Additionally, Morgan Stanley brokerage account holders will also enjoy a special welcome benefit of a $100 statement credit every year after spending $15,000 on eligible purchases. This $100 annual credit is in addition to the card’s regular welcome offer of 0% introductory APR on purchases for 12 months from the date of account opening, then a variable APR, 12.99% to 23.99%.
“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, in a press release.
“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,” added 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.”
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