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 👊😤
- 0:00 - What's the deal with this card?
- 7:11 - tldr: Preferred Savings ftw
- 9:12 - Active Assets Accounts (AAA)
- 10:20 - The magic of Preferred Savings
- 12:31 - Why it's better than Access Investing
- 14:28 - Preferred Savings vs CashPlus
- 17:04 - Should I even open a CashPlus?
- 19:55 - How does AMEX get data from MS?
- 20:38 - Option 1: Preferred Savings + CashPlus (safest)
- 23:50 - Option 2: Preferred Savings only (riskier)
- 25:33 - What we did (riskiest 😁)
- 125K Morgan Stanley Amex Platinum - direct | DoC
- 3.5% Morgan Stanley Preferred Savings - direct | to open: 866-743-5700
- Useful list of Morgan Stanley account types & fees - pdf
- CashPlus terms & conditions (aka stuff you wish MS Advisors knew) - pdf
- Reddit post from August hinting at this "new" method - reddit