Morgan Stanley Blue Cash Preferred Now Offers a $400 Bonus and Waived Fee

Morgan Stanley Blue Cash Preferred, $400 Bonus and Waived Fee

Morgan Stanley and American Express launched the Morgan Stanley Blue Cash Preferred American Express a year ago. The card normally has a $300 bonus, but now there’s a new offer that will get you $100 more. The annual fee is also waived the first year and you get 0% APR for 12 months. Let’s look at the details.

The Offer

• Earn a $400 statement credit after you spend $3,000 on eligible purchases with your new Morgan Stanley Blue Cash Preferred® American Express Card in the first six months of card membership.
• 0% intro APR on purchases and balance transfers for 12 months from the date of account opening, then a variable APR aplies.
• $0 annual fee for the first year ($95 annual fee thereafter).
• Application Page

Morgan Stanley Blue Cash Preferred® Card is only available to you if you have an Eligible Account with Morgan Stanley Smith Barney LLC or its eligible affiliates, including but not limited to E*TRADE Securities LLC (“Morgan Stanley”). An “Eligible Account” is a brokerage account with Morgan Stanley (i) held in your name, (ii) held by a trust where you are both the grantor and trustee of such trust , or (iii) held as a beneficial owner of a personal holding company, a non-operating limited liability company, a non-operating limited partnership, or a similar legal entity.

Card Highlights

• Exclusive Morgan Stanley Benefit: $100 statement credit every year after spending $15,000 on eligible purchases
• 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 all other purchases
• $120 Equinox+ Credit ($10 in statement credits per month)
• $84 The Disney Bundle Credit
• Car Rental Insurance

Conclusion

This card from Morgan Stanley is identical to the plain Amex Blue Cash Preferred. But it has an additional $100 statement credit for those who spend $15,000 or more per year.

One you maximize the $6,000 grocery spend for the year, you’re left with an additional $9,000 to get that $100 credit. So that’s not really a good deal.

The Morgan Stanley Blue Cash Preferred does give you another bonus option though if you already have or previously had the Amex Blue Cash Preferred. And this is the best bonus we have seen on this card.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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