Ep 38 - How to Open the Morgan Stanley Amex Platinum
Dec 8, 2022
auto_awesome
Explore the ins and outs of opening the Morgan Stanley Amex Platinum card. Discover new methods involving Preferred Savings accounts and Active Assets Accounts for maximizing benefits. Learn why Preferred Savings is preferred over Access Investing and how to avoid fees with CashPlus. The hosts detail two options for qualifying: one safe and the other riskier, all while sharing personal experiences. Get ready to navigate the complexities with entertaining insights and practical advice!
The introduction of Preferred Savings accounts significantly simplifies the qualification process for the lucrative Morgan Stanley Amex Platinum card.
Opening the card in December capitalizes on the 'triple dip' season, maximizing benefits and credits within a single fee cycle.
Deep dives
New Qualifying Methods for the Amex Platinum Card
Recent updates reveal new qualifying methods for the Morgan Stanley American Express Platinum card, which have not been widely discussed. After months of attempts, the speaker finally obtained the card, highlighting that the process has changed significantly, particularly with the introduction of the preferred savings account. This account empowers users to meet eligibility requirements that were not as accessible before, offering competitive interest rates and advantages like a free authorized user. An ongoing discussion on various forums indicates that this method has been emerging but was overshadowed by other options like access investing.
Triple Dip Benefits and Engagement Bonus
December is identified as a prime time for card openings due to the 'triple dip' season, which allows users to maximize benefits. New cardholders can receive multiple credits within one annual fee cycle, effectively tripling the value of benefits like the annual travel credit. Additionally, the speaker discusses the engagement bonus associated with the Cash Plus account, which is available immediately under the new setup, contrasting with the 12-month waiting period for access investing accounts. This immediate bonus enhances the card's attractiveness during the holiday season, persuading people to consider opening it for optimal financial rewards.
Navigating Morgan Stanley's Account Requirements
Understanding the interplay between various Morgan Stanley accounts is crucial for successfully qualifying for the Amex Platinum card. The preferred savings account essentially acts as a pathway to open a Cash Plus account, which in turn allows users to access the Platinum card while waiving certain fees. Throughout this discussion, the speaker points out inconsistencies in advice from different Morgan Stanley representatives, indicating that the preferred savings should sufficiently qualify individuals for the Platinum card without needing the Cash Plus account. The narrative also suggests individuals explore different strategies to optimize their accounts based on personal circumstances to secure potential benefits more efficiently.
1.
Navigating the Morgan Stanley Amex Platinum Application Process
Update on exactly how to open this confusing (but lucrative) card, including new methods involving Preferred Savings accounts, Active Assets Accounts (AAA), CashPlus engagement bonus & fee avoidance, and a walkthrough of two simple options for qualifying 👊😤
⚡️ View the live churn tracker for real-time updates on all the churns as they happen.
------------------
♡ Enjoy this episode?
💌 Most people find the show through word of mouth. Please forward to a friend if you think they would enjoy it 🙏
⭐️ Or if you have a bit of time, please consider leaving a rating or review on Apple or Spotify. The algorithm gods (and me) thank you for your sacrifice 🙇♂️
Have questions? Leave a comment to get answers, share datapoints, or just say hello 👋
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode