Morgan Stanley Credit Cards

by : Eric Wasselman

Morgan Stanley Buy and Fly MasterCard

This card awards points for each purchase of Ten Pounds and over. These points are redeemable on eighteen of the world's top airlines, such as, American Airlines, Delta, Air France and Air Canada.

The Buy and Fly MasterCard also offers 0% APR on purchases for the first six months. This means that you pay absolutely no interest on items purchased during this introductory period.

An introductory 0% APR on balance transfers for six months is also one of the selling points of this card, especially if amassing travel points is your primary aim. However, there is a two percent handling fee on each transfer. The standard balance transfer APR is 17.9% after the first six months.

Added bonuses are no annual fees and the fifty-five day no interest grace period.

Applicants who apply online can expect an instant decision on their application.

&bull Morgan Stanley Platinum card

New applicants can earn two percent cash back on purchases up to November 1, 2006, however, this will be reduced to one percent after November. Likewise, there is a 5.9 percent balance transfer on balances if the transfer is made before November 2006. This low APR is for the life of the balance.

There are no annual fees and a variable 15.9% APR.

Other benefits of the Morgan Stanley Platinum card include fraud protection and a payment protection plan. The payment protection plan pays your monthly card payment in the event that you are temporarily unemployed.

In addition to the benefits above, all Morgan Stanley cardholders get monthly tips on saving and other money management tips. Card holders can also manage their accounts online.