Card Economics

Annual Fee: $895
Ongoing Annual Value: $1,748
First-Year Value Estimate: $1,086
Net Value: +$853

Card type: PersonalForeign transaction fee: NoneCurrency: American Express Membership Rewards

Platinum Card for Morgan Stanley

American Express

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Sign-up Bonus

80K after $12K spend within first 6 months

Am I eligible?

Earning Structure

5XFlights booked directly with airlines or through Amex Travel (up to $500K/year)7.5%

5XPrepaid hotels booked through Amex Travel7.5%

1XAll other purchases1.5%

Highlighted categories return more than 2%, the rate a flat 2% cash-back card pays on everything.

Is this the best card for Flights booked directly with airlines or through Amex Travel (up to $500K/year)?Is this the best card for Prepaid hotels booked through Amex Travel?Is this the best card for All other purchases?

Where this card ranks

Tied best card for flights7.5%

What this card returns on each page, priced against what its points are worth. Open a page to see the card it crowns and why.

Benefits

Worth it for me?

Credits & Perks (12)

CLEAR Plus: $219 (Annual Calendar Year)
Enrollment required. Covers full cost of CLEAR Plus membership.
SoulCycle At-Home Bike: $300 (One Time)
One-time credit toward the full price of a SoulCycle at-home bike. Must join Equinox first.
The Hotel Collection: $300 (Semi Annual Calendar Year)
Earn up to $300 back in statement credits semi-annually (January through June, and July through December) on prepaid Fine Hotels + Resorts or 2+ nights with The Hotel Collection booked through Amex Travel.
Uber Cash: $15 (Monthly)
Applied to your Uber account each month on the 1st and must be used in that month. An Amex card must be selected as your payment method in the Uber app to spend the Uber Cash. Additional $20 bonus in December (total $35 in December)
Walmart+: $12 (Monthly)
Covers full cost of Walmart+ membership. Enrollment required.
Airline Fees: $200 (Annual Calendar Year)
Choose eligible US airline annually in January. Covers incidental fees like baggage fees, seat selection fees, and in-flight purchases on the selected US airline. Airline tickets, upgrades, mileage points purchases, mileage points transfer fees, gift cards, duty free purchases, and award tickets are not deemed to be incidental fees.
Global Entry/TSA PreCheck: $120 (Every 4 Years)
Covers application fee. Credit applies automatically when charged to card.
Resy Dining: $100 (Quarterly Calendar Year)
Up to $100 back each quarter for eligible purchases directly with Resy or for dining purchases at any U.S. Resy restaurant.
Uber One: $120 (Annual Calendar Year)
Up to $120 in statement credits each calendar year with an auto-renewing Uber One membership in the U.S.
lululemon: $75 (Quarterly Calendar Year)
Up to $75 back each quarter in statement credits for eligible purchases at Lululemon stores or Lululemon.com in the U.S. Enrollment required.
Oura: $200 (Annual Calendar Year)
Up to $200 back each calendar year in statement credits when purchasing an Oura Ring through Ouraring.com
Equinox: $300 (Annual Calendar Year)
Up to $300 in statement credits per calendar year on Equinox membership fees. Enrollment required at platinum.equinox.com. Covers physical Equinox club membership or digital Equinox+ membership.

Lounge Access (8)

American Express Centurion Lounge (Unlimited) — paid guests allowed ($50/adult)
Priority Pass Select (Unlimited) — 2 free guests, paid guests allowed
Delta Sky Club (10 visits/year) — paid guests allowed ($50/adult)
Plaza Premium Lounge (Unlimited) — 1 free guest, paid guests allowed
Airspace Lounge (Unlimited) — 2 free guests, paid guests allowed
Escape Lounge (Unlimited) — 2 free guests, paid guests allowed
Lufthansa Business Lounge (Unlimited) — paid guests allowed
Lufthansa Senator Lounge (Unlimited) — paid guests allowed

Elite Status (6)

Marriott Bonvoy: Gold
Hilton Honors: Gold
LHW Leaders Club: Sterling
Avis Preferred: Preferred Plus
Hertz Gold Plus Rewards: President's Circle
National Emerald Club: Executive

Protections (9)

Trip Cancellation/Interruption — up to $10,000 — Coverage for trip cancellation and interruption. Pay for round trip travel in full with your card to be eligible for this benefit. This includes award ticket fees or points.
Trip Delay — up to $500 — Coverage for trip delays over 6 hours, up to $500 per trip (max 2 claims per 12 months). Pay for round trip travel in full with your card to be eligible for this benefit. This includes award ticket fees or points.
Lost Luggage — up to $3,000 — Coverage for luggage and contents lost/stolen by common carrier up to $3,000 per person per trip. $2K for checked bags. Pay for the full cost of transportation with your Amex card to be eligible for this benefit.
Emergency Evacuation — Emergency medical evacuation coverage with no limit. There is no requirement to pay for any part of your trip with your Amex card to use this benefit.
Purchase Protection — up to $10,000 — 90 days coverage for theft/damage
Extended Warranty — up to $10,000 — Extends warranty by up to 1 year
Return Protection — up to $300 — Up to $300 per item when retailer won't accept return
Car Rental Insurance (secondary) — up to $75,000 — Secondary coverage up to $75,000 for rental car damage/theft (primary coverage available for additional fee). Pay for the full cost on your card to be eligible for this benefit. Coverage is not available in Australia, Italy, New Zealand.
Cell Phone Protection — up to $800 — Up to $800 per claim for cell phone damage or theft when you pay your monthly cell phone bill with this card. $50 deductible per claim. Maximum 2 claims per 12-month period.

Other Perks

1 Free Authorized User
Redeem points for 1 cent each into Morgan Stanley account
$895 Annual Engagement Bonus for Platinum CashPlus accounts
$500 Anniversary Spend Award from Morgan Stanley after $100,000 in Card purchases by anniversary date
Premium Global Concierge