American Express and Morgan Stanley are
going to issue two new co-branded cards for the bank’s affluent
customer base.
The Morgan Stanley Credit Card and the
Platinum Card will be issued to clients of its Smith Barney
division and offer brokerage accounts and rewards.
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On the Morgan Stanley Credit Cards, clients
can earn 10,000 membership reward points if they spend $1,000 in
the first three months after opening their account. The card has no
annual fee for the first year and will cost $95 afterwards.
Additional cards are free of charge.
The Platinum Card offers 50,000 membership
reward points for purchases of $1,000 or over in the first three
months. Other offers include one additional card free of charge,
$200 Airline Credit and no foreign exchange fees. The card costs
$450 per year.
Shelley O’Connor, head of the Morgan
Stanley Private Banking Group said:
“These new cards advance our commitment to serving our
clients’ wealth management needs, including investment, credit and
cash management, in a comprehensive fashion. We are delighted to
partner with American Express, a true leader in the field, to offer
clients a convenient way to enjoy superior service combined with an
exceptional rewards program.
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