Update 5/8/26: Now it’s up to $350 + annual fee waived. Not the highest ever, but still a solid offering. (ht Cani)
Update 1/16/23: Up to $250 now
Offers
Last year, E*Trade/Morgan Stanley partnered with American Express on a new Morgan Stanley Blue Cash preferred card. Today they launched a special new sign-up bonus, exclusively for E*Trade and Morgan Stanley clients:
- Get a $400 sign-up bonus after $3,000 spent within the first six months of card membership.
- The $95 annual fee is waived for the first year.
Anyone can register for a free E*Trade account and then they will be eligible to apply for this card. The fine print means the bonus will be available until 1/23/23.
Card details
- Annual fee of $95gave upthe first year
- The card earns the following cashback fees:
- 6% at US supermarkets (up to $6,000 in annual spending, then 1%)
- 6% on US Streaming subscriptions
- 3% cash back at US gas stations
- 3% cashback on Transit (eg taxi/share, parking, fares, trains, buses and more)
- 1% for everything else
- Get $7 back every month (up to $84 a year) after you spend $13.99 or more every month on an eligible Disney Bundle subscription that includes Disney+, Hulu and ESPN+ using your card. Registration is required.
- This Morgan Stanley combo card version gets $100 in statement credit each year after spending $15,000 on eligible purchases
- You can only receive the sign-up bonus on American Express cards once
Our verdict
This new $400 + annual fee waived offer is the best ever, and they give 6 months to spend which makes it easy. This offer is for E*Trade or Morgan Stanley clients only. I wrote in the past that you should be able to get this bonus even if you previously got the regular favorite blue money bonus, as this is a special co-branded product. This version of the card also has the benefit of a $100 statement credit, though many people won’t want to spend $15,000 on the card (see also this comment).
Prior to this offer, The best bonus we previously saw on the Blue Cash Preferred card was $350 + annual fee waived (although there was one $200 + $200 off Amazon available and a Offer on home furnishing up to $500).
Reader David points out that this sign-up bonus isn’t limited to life and should work even for someone who signed up for the card a year ago initially. We will add it to our list best credit card sign up bonuses
Hats off to him ham_question mark
