Home Credit Cards Amex Amex introduces a Morgan Stanley version of the Blue Cash Preferred Card

Amex introduces a Morgan Stanley version of the Blue Cash Preferred Card


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The Blue Cash Preferred® Card from American Express is one of the best cash back cards that American Express issues (I could make a strong argument for it being *the* best cash back card from Amex) and today has seen a new version of the card join the American Express portfolio – the Morgan Stanley Blue Cash® Preferred American Express Card.

Who can get the new card

American Express says that the Morgan Stanley Blue Cash® Preferred American Express Card is for clients with an eligible Morgan Stanley brokerage account and that clients should contact their Morgan Stanley Financial Advisor to learn more and to apply for this card.

More information can be found here.

What the new card offers

When it comes to the annual fee and the cash back that the Morgan Stanley Blue Cash® Preferred American Express Card offers, you won’t find any difference from what the Blue Cash Preferred® Card from American Express (review) offers.

*Annual fee is currently waived in the first year (terms apply)

Note: All information about the Morgan Stanley Blue Cash® Preferred American Express Card has been collected independently by Traveling For Miles. The Morgan Stanley Blue Cash® Preferred American Express Card is not currently available through Traveling For Miles.

The welcome offer that the Morgan Stanley card offers and the welcome offer on the Blue Cash Preferred Card are also identical:

  • Get a $300 statement credit after spending $3,000 on your new card within 6 months of card membership

Even when it comes to some of the key benefits, there’s not much to separate the Morgan Stanley Card from the regular Blue Cash Preferred Card as both offer the same $10/month in statement credits for spending made with Equinox (terms apply), the same return protection, and the same car rental loss and damage insurance.

As far as benefits go, the only key difference appears to be that the Morgan Stanley version of the card offers cardholders a $100 statement credit every year after they spend $15,000 on their card (terms apply) while the regular version of the card offers no such rebate.

While it would have been nice to see a little bit more variation, none of this is particularly bad news as the welcome offer is pretty generous (for a card with no annual fee in the first year) and the original Blue Cash Preferred Card is a very rewarding card for spending in its select categories.

Why get the card?

From an earnings and benefits point of view, there’s really no major difference between the Morgan Stanley Blue Cash® Preferred American Express Card and the Blue Cash Preferred® Card from American Express as a 0.67% rebate for spending $15,000 is hardly an incentive to choose the Morgan Stanley card over the regular card.

However, what may make the Morgan Stanley card a little more interesting to some readers is the fact that Amex is treating this as a new card.

If you’ve had the Blue Cash Preferred® Card from American Express in the past, the terms and conditions associated with its current welcome bonus specifically exclude you from earning the welcome bonus again. If you’d like to carry the card again that’s a shame because the $300 offered by the welcome bonus is relatively easy to earn and, because the card doesn’t have an annual fee in the first year, it’s effectively free money (as long as you don’t incur any interest charges or penalty fees).

With the Morgan Stanley version of the card, there is no language in the terms and conditions that would prevent a successful applicant from collecting the welcome bonus so as long as they’re eligible to apply for the card (i.e. they have an eligible account with Morgan Stanley or one of its eligible affiliates like E*TRADE), this gives former holders of the Blue Cash Preferred Card a way of getting the benefits of that card back while also being able to get a welcome bonus for a second time.

Bottom Line

Amex has today launched a Morgan Stanley version of the Blue Cash Preferred® Card from American Express and in all important respects, the two cards are identical. However, what will make this new card interesting to some is the fact that because Amex views this as a completely new card, it opens up the chance for former holders of the Blue Cash Preferred Card to enjoy the benefits of the card for a second time while also earning a welcome bonus for the second time. If you’re looking to earn an easy $300 cash back, that’s quite a sweet deal.

The Excellent 6% Cash Back Card

The Blue Cash Preferred® Card from American Express is one of the more rewarding cashback cards on the market with its market-leading rebate at U.S supermarkets, market-leading rebate on spending with streaming services, great cash back rates on select travel spending, and strong cash back at gas stations too. This card comes with a $95 annual fee which is currently waived in year 1 (rates & fees).

The Great Earning Rates (Terms Apply)

  • 6% cash back at U.S. supermarkets on up to $6,000 spending per year*
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit spending (e.g. taxis/Uber/Lyft, parking tolls, trains, buses)
  • 3% cash back at U.S. gas stations
  • 1% cash back on spending in all other categories

Click for more details on the Blue Cash Preferred® Card from American Express

Regarding Comments

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser or any other advertiser. It is not the bank advertiser’s responsibility or any other advertiser’s responsibility to ensure all posts and/or questions are answered.

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