Over recent years, rewards based credit cards like the American Express Morgan Stanley Credit Card have become an extremely popular option amongst those who are looking to earn something back from their credit card spending. The American Express Morgan Stanley Credit Card is one of the many rewards based cards that are on the market, and like the others it provides cardholders with the opportunity to accrue rewards points that can then be redeemed against a variety of products and services. This provides cardholders with the chance to earn a little something back from their credit card company for their loyalty and custom.
If you are a regular credit card user and you pay back the money you borrow before any interest is applied to your account, this could be the ideal credit card for your needs. While some rewards based credit cards only give you the chance to redeem against a particular type of reward, the American Express Morgan Stanley Credit Card offers access to a wide range of rewards based on the number of points you have accrued. This makes it suitable for a wider range of people and means that you get to enjoy a higher level of flexibility.
Who is the American Express Morgan Stanley Credit Card designed for?
The American Express Morgan Stanley Credit Card is designed for those who want to be able to earn rewards for their credit card spending and who want to be able to enjoy access to a diverse variety of rewards. When you spend on this card you will earn points, and based on the number of points you accrue these can be redeemed against a wide variety of rewards such as travel, gift cards, entertainment, gadgets, and more.
The American Express Morgan Stanley Credit Card is ideal for those who use their credit cards regularly, as the more you spend on the card the faster you will earn points and rewards. It is also geared towards those who repay their credit card balance in full within the interest free period, as this means that you will enjoy the full benefits of the rewards because they will not be counteracted by having to pay interest on your borrowing.
If you are not a regular credit card user or you are unable to pay the balance each month within the interest free period, you may find that the American Express Morgan Stanley Credit Card is not the most suitable credit card for your needs. This is because you will not accrue points at an adequate pace to really benefit if you do not really use the card much. If you do not repay the balance in full each month you will find that the interest you have to pay on your debt outweighs the rewards you can earn, so it is advisable to look at alternatives such as interest free credit cards.
Key features and benefits of the American Express Morgan Stanley Credit Card
The American Express Morgan Stanley Credit Card offers a range of key features and benefits. By looking at these you can more easily decide on the suitability of the card for your needs. You can then make an application accordingly. Some of the main features and benefits of the credit card include:
- Earn points for spending: With this credit card you can earn one point for every dollar you spend on the card. The more you spend, the more points you will be able to earn and the better the rewards.
- Bonus points: In order to boost your points balance, you can earn an impressive 10,000 membership points if you make at least $1000 in purchases within three months of opening your account.
- Annual fee waiver: Your annual fee will be waived for the first year of membership. After this it will be $95 per year. However, you can get additional cards with no additional annual fees applied.
- Exchange for a variety of rewards: One of the great things about this rewards card is that you can redeem your points against a wide variety of products and services, so you are not just tied to one type of reward. Some of the options available to you include travel rewards, gift cards, entertainment, and gadgets.
- Anniversary bonus: For every year you make at least $25,000 worth of purchases on your credit card you will receive an anniversary bonus of $100 from Morgan Stanley.
It is worth noting that there is no expiration date on the points that you earn and you do not have any ceiling limit on the number of points you can accrue. This means greater flexibility if you want to save points towards a particular reward. Since the rewards points earned on the American Express Morgan Stanley Credit Card can be used towards such a diverse array of services and products, this card could be well suited to anyone who intends to use it regularly, will repay the balance in full each month, and wants to be able to get something back from their credit card company.
Points to remember
If you are considering making an application for the American Express Morgan Stanley Credit Card, there are a number of key points that you should keep in mind. First off, make sure that you will either be using the card regularly or you will be making higher value purchases on it, as this will enable you to earn rewards points at a decent pace so that you can exchange them for the rewards of your choice. Secondly, you should make sure that you will be able to clear the balance on the card within the interest free period so that the rewards you earn are not counteracted by having to pay interest on the money you borrow. By doing this, you can ensure that you get maximum benefit from this credit card and that you truly benefit from the rewards program that is offered to cardholders.