NEW YORK—Morgan Stanley and American Express have announced their first-ever cash-back credit card, exclusively for Morgan Stanley and E*TRADE clients with eligible brokerage accounts.
With the new Morgan Stanley Blue Cash Preferred American Express Card, cardholders can earn 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 6% cash back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and on transit; and 1% cash back on other eligible purchases, CNBC reported.
New cardholders can earn a welcome bonus of a $300 statement credit after spending $3,000 on eligible purchases in the first six months. In addition, they get an exclusive Morgan Stanley cardmember perk of a $100 statement credit every year after spending $15,000 on eligible purchases, the report stated.