Amex Platinum Card vs. Amex Platinum Card for Morgan Stanley [Detailed Comparison]

Key Takeaways

• The Platinum Card^® from American Express and The Platinum Card^® from American Express Exclusively for Morgan Stanley both provide 5x points on flights (up to $500,000 per year) and prepaid hotels booked through AmexTravel.com.
• The Amex Platinum card for Morgan Stanley requires an eligible Morgan Stanley account, while the Amex Platinum card is open to the public.
• The Amex Platinum card for Morgan Stanley offers a $695 annual engagement bonus with a Platinum CashPlus account, effectively canceling the annual fee.

One of the best travel rewards cards you can get your hands on is the Platinum Card^® from American Express, a top-notch product that has captured the hearts of luxury travelers worldwide. But one of the least-known cards is The Platinum Card^® from American Express Exclusively for Morgan Stanley.

Morgan Stanley is best known as one of the premier investment and wealth management companies in the U.S. Headquartered in New York City, this financial services company has a strategic relationship with Amex, resulting in a uniquely co-branded flavor of the ultrapremium Amex Platinum card.

In this guide, we’ll take a deep dive into these two cards, calling out the differences between them through a head-to-head examination.

As you’ll find out, there are plenty of similarities between the Amex Platinum card and the Amex Platinum card for Morgan Stanley, but there are a few crucial differences that could influence which product is better for you.

All information about The Platinum Card^® from American Express Exclusively for Morgan Stanley have been collected independently by Upgraded Points.

Overview

At a macroscopic level, we’d say that the Amex Platinum card and the Amex Platinum card for Morgan Stanley share 95% of the same rewards, benefits, and features.

However, there are a few distinct areas where the Amex Platinum card for Morgan Stanley offers incremental benefits over the Amex Platinum card. The most obvious drawback is that qualifying for the Amex Platinum card for Morgan Stanley is significantly harder.

Check out this chart that summarizes the benefits of each card:

Comparing Welcome Offers

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Terms Apply / Rates & Fees

Platinum Card^® from American Express

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

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Know if you're approved with no credit score impact

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Platinum Card^® from American Express

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Welcome Offer

You may be eligible for as high as 175,000 Membership Rewards^® Points after spending $8,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.

As High As 175,000 Points. Find Out Your Offer.

UP's Offer Valuation*:

Up to $3,850

Annual Fee

$895

APR

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Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent

Why We Like This Card

When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than the Platinum Card^® from American Express.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Pros & Cons

Pros

• The best airport lounge access out of any card (by far) — enjoy access to over 1,550 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges (enrollment required), Plaza Premium Lounges, and many more!
• 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
• 5x points per dollar spent on prepaid hotels booked with AmexTravel.com

Cons

• $895 annual fee (rates and fees)
• Airline credit does not cover airfare (only incidentals like checked bags)

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Card Highlights

• You may be eligible for as high as 175,000 Membership Rewards^® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
• Get more for your travels with 5X Membership Rewards^® points on all flights and prepaid hotel bookings through American Express Travel^®, including Fine Hotels + Resorts^® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel^® on up to $500,000 on these purchases per calendar year.
• More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection^®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club^® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
• More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card^® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card^® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card^® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
• More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card^® at participating partners. Enrollment required.
• More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts^® or The Hotel Collection* bookings through American Express Travel^® using the Platinum Card^®. *The Hotel Collection requires a minimum two-night stay.
• New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card^® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card^®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
• More Value! $209 CLEAR^® Plus Credit: CLEAR^® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card^®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card^® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
• Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts^® through American Express Travel^®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
• New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card^® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That’s up to $300 in statement credits each calendar year. Enrollment required.
• $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card^®.*Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
• $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the 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.
• Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
• $895 annual fee.
• Terms Apply.

Financial Snapshot

• APR: See Pay Over Time APR
• Foreign Transaction Fees: None

Rewards Center

American Express Membership Rewards

Hot Tip: Apply and find out if you’re eligible for a welcome bonus offer of as high as 175,000 points with the Amex Platinum. Welcome offers may vary and you may not be eligible for an offer.

The Amex Platinum card and Amex Platinum card for Morgan Stanley both offer a superior welcome bonus after you meet spending requirements after opening the new card.

Both cards earn Amex Membership Rewards points, which we value at 2.2 cents each, though it’s possible to get upward of 10 cents per point of value with these points when booking travel through transfer partners.

Just keep in mind that the welcome bonuses for the Amex Platinum card may be different from the welcome bonus offered on the Amex Platinum card for Morgan Stanley.

Hot Tip:

The Amex Platinum card for Morgan Stanley offers up to $695 in statement credits if you have a qualifying Morgan Stanley deposit account as a Platinum CashPlus client. 

Application Requirements

In general, the qualification requirements for the Amex Platinum card and the Amex Platinum card for Morgan Stanley are the same.

You should have a good-to-excellent credit score before applying. A higher credit score generally translates to a high likelihood of approval, but other factors can help, too, including having a high income, an existing relationship with Amex, and more.

To qualify for the Amex Platinum card for Morgan Stanley, though, you need an eligible Morgan Stanley account to apply. The easiest way to get an eligible Morgan Stanley account is to open a Morgan Stanley Access Investing account, which has a minimum investment amount of $5,000, plus an annual asset-based advisory fee of 0.30%. The annual returns from automated investing generally pay for the 0.30% annual fee, so this is a great way to kill two birds with one stone:

• Access automated investing with a world-class investment management firm.
• Qualify for the Amex Platinum card for Morgan Stanley.

Bottom Line:

The application for the Amex Platinum card is open to the public, while the Amex Platinum card for Morgan Stanley requires you to have an eligible Morgan Stanley account open before applying.

Earning Potential

There are plenty of similarities between the Amex Platinum card and the Amex Platinum card for Morgan Stanley, starting with the earning structure:

• Earn 5x Membership Rewards points on flights booked directly with the airline or via AmexTravel.com (up to $500,000 in purchases every calendar year).
• Earn 5x Membership Rewards points on prepaid hotel stays booked through AmexTravel.com.

All other purchases earn 1x Membership Rewards points.

Additional Earnings: Amex Platinum Card for Morgan Stanley

If you hold the Amex Platinum card for Morgan Stanley, you can qualify for a $695 annual engagement bonus, provided you meet some terms and conditions.

To qualify, you not only need to have an eligible Morgan Stanley investment account but need to have a cash management account. Specifically, you need to have a Platinum CashPlus account, which has a monthly fee of $55, unless you meet both of these criteria:

• $5,000 in total monthly deposits (or a Social Security deposit of any amount)
• $25,000 average daily cash balance in your Platinum CashPlus account

Redemption Options

As we mentioned before, both the Amex Platinum card and the Amex Platinum card for Morgan Stanley earn American Express Membership Rewards points.

Amex Membership Rewards points are worth an astonishing 2.2 cents each, making it the most valuable transferrable rewards currency available.

The Amex Platinum card for Morgan Stanley has a distinct redemption option that sets it apart from the Amex Platinum card, but before we get into that, let’s look at the ways you can use Amex points with both cards:

• Amex transfer partners: This is the most valuable way to redeem your points. By booking luxury award travel through Amex’s travel partners, you can get upward of 10 cents per point in value.
• Book travel through AmexTravel.com: If searching for award space doesn’t suit you, Amex points can be used to book travel at a flat value of 1 cent per point through AmexTravel.com.
• Gift cards: Redeem points at a value of 0.5 to 1.0 cents per point toward gift cards.
• Statement credits: You can get statement credits at a value of 0.6 cents per point.
• Charitable donations: Charitable donations net you a value of 0.7 cents per point.
• Online shopping: This redemption gets you a flat value of 0.6 cents per point

Additional Redemption Options: Amex Platinum Card for Morgan Stanley

In addition to the redemption options above, the Amex Platinum card for Morgan Stanley has the exclusive benefit of being able to redeem your points for deposits into your Morgan Stanley investment account through a perk called Invest with Rewards.

You get a value of 1 cent per point when using Invest with Rewards, which means you get $1,000 deposited into your Morgan Stanley investment account for every 100,000 points you invest through this method.

Bottom Line:

In general, we wouldn’t recommend using Invest with Rewards, since you can use your points for spectacular value through transfer partners. For this reason, the Amex Platinum card is more or less identical to the Amex Platinum card for Morgan Stanley in terms of redemption options. 

Travel Benefits

The Amex Platinum card is one of the most essential cards to have if you’re a frequent or luxury traveler.

This card happens to offer a ton of travel benefits and protections that come in handy whether you’re flying within the U.S. or across the world. These benefits offer tremendous real value, in addition to intangible value through peace of mind and insurance.

Let’s get right into all of the benefits and protections offered by both the Amex Platinum card and the Amex Platinum card for Morgan Stanley:

• The best airport lounge access from a card through the Amex Global Lounge Collection, including Centurion Lounges, Delta Sky Clubs (when flying on Delta), Priority Pass lounges (upon enrollment), Plaza Premium Lounges, and more
• The ability to get VIP-like benefits when booking eligible stays at Fine Hotels + Resorts and The Hotel Collection
• Complimentary hotel elite status with Hilton Honors (Gold), Leaders Club (Sterling), and Marriott Bonvoy (Gold Elite), upon enrollment
• Rental car status and benefits with Avis, Hertz, and National, upon enrollment
• Up to $200 in airline fee credits (enrollment required), up to $200 (up to $600 for the Amex Platinum card) in prepaid hotel credits, up to $209 in CLEAR Plus credits
• Global Entry or TSA PreCheck application fee reimbursements
• No foreign transaction fees

Travel Protections

Both the Amex Platinum card and Amex Platinum card for Morgan Stanley offer some of the best travel insurance available:

• Secondary rental car coverage: When you pay for your entire car rental using your card and decline the rental company’s CDW/LDW, you get secondary rental car insurance for up to $75,000 in damages or theft of the car. You can also purchase primary rental car insurance for a maximum of $24.95 per eligible rental (to a maximum of 42 days)
• Trip interruption and cancellation insurance: If your trip is canceled or delayed for a covered incident, you can get up to $10,000 per trip in reimbursement, with a maximum of $20,000 per rolling 12-month period.
• Trip delay insurance: If your trip is delayed by 6 hours or more for a covered reason, you can get up to $500 in reimbursement per trip, with up to 2 claims per rolling 12-month period.
• Baggage insurance plan: If your baggage is damaged, lost, or stolen, you can qualify for up to $2,000 in coverage for checked baggage or $3,000 in coverage for carry-on baggage when traveling on a common carrier.

Remember, the Amex Platinum card and Amex Platinum card for Morgan Stanley offer benefits beyond this, so consult your card’s guide to benefits for the full offering.

Additional Travel Benefit: Amex Platinum Card for Morgan Stanley

One of the ways you can qualify for the Amex Platinum card for Morgan Stanley is to open a Morgan Stanley CashPlus account. Benefits of this account include unlimited ATM fee reimbursements around the world and access to debit card services.

To be clear, you should not attempt a cash advance at an ATM using your Amex Platinum card for Morgan Stanley, as this will incur cash advance fees. Instead, when you need to withdraw money from an ATM, use your Morgan Stanley CashPlus debit card.

Bottom Line:

Travel benefits and perks are the name of the game when it comes to the Amex Platinum card. The Morgan Stanley CashPlus account, which is one of the most popular accounts to open for the purposes of qualifying for the Amex Platinum card for Morgan Stanley, offers unlimited ATM fee reimbursements in addition to debit card services.

Notable Shopping Benefits and Protections

One of the most appealing aspects of the Amex Platinum card and the Amex Platinum card for Morgan Stanley is that you can benefit tremendously during your everyday life when using these cards, not just when you’re traveling.

Here are some of the most notable shopping benefits available on both cards:

• Up to $300 in digital entertainment credits (up to $25 per month for the Amex Platinum card) and up to $240 for the Amex Platinum card for Morgan Stanley on eligible purchases made with your card on Disney+, the Disney+ Bundle, ESPN+, Hulu, the New York Times, Peacock, the Wall Street Journal, Paramount+, YouTube Premium, and YouTube TV (enrollment required)
• Up to $200 in Uber Cash ($15 per month from January through November and $35 in December) usable for Uber Eats or Uber rides in the U.S.
• Up to $120 Uber One credit toward your membership cost
• Up to $100 in Saks Fifth Avenue credits ($50 from January to June and an additional $50 from July to December) when you pay for your Saks Fifth Avenue purchase using your card
• Up to $300 in Equinox credits when you use your card to pay for a qualifying Equinox or Equinox+ membership
• Up to $155 in Walmart+ credits toward the $12.95 monthly Walmart+ membership fee
• Up to $200 Oura Ring credit annually toward the purchase cost
• Up to $400 Resy credit toward qualifying purchases, available as $100 per quarter
• Up to $300 lululemon credit, available as $75 per quarter
• Access to Amex Offers for exclusive discounts and bonus rewards at select partners

Note that each of these benefits possesses terms and conditions unique to each perk, so be sure to reference the relevant information in your benefits guide. You can also read up on the terms and conditions by accessing the Benefits section in your online account.

Plus, there are a handful of other worthwhile shopping benefits we should mention:

• Cell phone protection when you pay for your monthly cellular bill, which offers up to $800 per claim for damage or theft with a $50 deductible per claim (up to 2 approved claims per 12-month period)
• Purchase protection to protect against loss, damage, or theft of eligible items within 90 days of purchase (up to $10,000 per item and $50,000 per calendar year)
• Extended warranty to get 1 additional year of coverage on covered items with a manufacturer’s warranty of 5 years or less (up to $10,00 per item and $50,000 per calendar year)
• Return protection to reimburse you in the event that the original merchant you made a purchase with does not accept your return (up to $300 per item and $1,000 per calendar year for returns made within 90 days after the original purchase date)

Annual Fees and Authorized Users

Let’s take a look at all of the annual fees associated with the Amex Platinum card and Amex Platinum card for Morgan Stanley.

Annual Fee

The Amex Platinum card has an annual fee of $895, while the Amex Platinum card for Morgan Stanley has an annual fee of $695.

Authorized Users and Additional Cards

With the Amex Platinum card, you pay $195 per Additional Platinum Card or $0 per Companion Card (rates & fees).

Meanwhile, the Amex Platinum card for Morgan Stanley boasts a fantastic complimentary first authorized user, which is huge! In addition, you pay $195 per card.

You can also add authorized user Amex Gold cards to your Amex Platinum card for Morgan Stanley for no additional annual fee.

Final Thoughts

Most of the benefits of the Amex Platinum card and Amex Platinum card for Morgan Stanley overlap. That being said, there are a few differences that are worth noting between the two.

For starters, you need to have an eligible Morgan Stanley account open in order to even apply for the Amex Platinum card for Morgan Stanley. No such requirements exist for the Amex Platinum card, since this card is available for public applications.

Another difference is that the Amex Platinum card for Morgan Stanley comes with the ability to earn a $695 annual engagement bonus when you also hold a qualifying cash management account, which is usually known as Platinum CashPlus. This effectively nullifies the normal annual fee.

Also, the Amex Platinum card for Morgan Stanley offers a perk called Invest with Rewards, where you can redeem your points at 1 cent each toward deposits into your Morgan Stanley brokerage account.

On the travel benefits side, Amex Platinum card for Morgan Stanley cardmembers with a Morgan Stanley CashPlus account also have the ability to access unlimited ATM fee reimbursements.

Lastly, and perhaps most importantly, the Amex Platinum card for Morgan Stanley let you have 1 complimentary authorized user for no additional annual fee. After that, the normal annual authorized user fees apply.

The information regarding The Platinum Card^® from American Express Exclusively for Morgan Stanley was independently collected by Upgraded Points and was not provided nor reviewed by the issuer.

For the car rental collision damage coverage benefit of the Platinum Card^® from American Express, car rental loss and damage insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the commercial car rental company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car rental loss or damage coverage is offered through American Express Travel Related Services Company, Inc.

For the trip cancellation and interruption insurance coverage benefit of the Platinum Card^® from American Express, the maximum benefit amount for trip cancellation and interruption insurance is $10,000 per covered trip and $20,000 per eligible card per 12 consecutive month period. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the trip delay insurance benefits of the Platinum Card^® from American Express, up to $500 per covered trip that is delayed for more than 6 hours; and 2 claims per eligible card per 12 consecutive month period. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the baggage insurance plan benefit of the Platinum Card^® from American Express, baggage insurance plan coverage can be in effect for covered persons for eligible lost, damaged, or stolen baggage during their travel on a common carrier vehicle (e.g. plane, train, ship, or bus) when the entire fare for a ticket for the trip (one-way or round-trip) is charged to an eligible card. Coverage can be provided for up to $2,000 for checked baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the common carrier. The coverage is also subject to a $3,000 aggregate limit per covered trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each covered person with a $10,000 aggregate maximum for all covered persons per covered trip. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the extended warranty benefit of the Platinum Card^® from American Express, when an American Express^® card member charges a covered purchase to an eligible card, extended warranty can provide up to one extra year added to the original manufacturer’s warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your card for the item up to a maximum of $10,000; not to exceed $50,000 per card member account per calendar year. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

For the purchase protection benefit of the Platinum Card^® from American Express, purchase protection is an embedded benefit of your card membership and requires no enrollment. It can help protect covered purchases made on your eligible card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the covered purchase date. The coverage is limited up to $10,000 per occurrence, up to $50,000 per card member account per calendar year. Coverage limits apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.