Morgan Stanley improves balance transfer offer
August 31, 2006
By Peter Kenny
Morgan Stanley Credit Card have announced they are improving the balance transfer offer on their popular Buy & Fly MasterCard and increasing the cash-back available on their Platinum card.
On September 5th the current deal of 6 months 0% balance transfers will increase to 9 months, balance transfers are subject to a fee of 2 per cent. The balance transfer increase comes at a cost with the standard APR increasing from 15.9% to 16.9%.
The Buy & Fly card is also popular for its reward scheme and new account holders can take advantage of the offer of 200 bonus Buy & Fly points with their first purchase. As an extra bonus Morgan Stanley are also doubling the Buy & Fly points for the first six months of the account opening.
The Morgan Stanley Platinum card is also being re-launched with the current cash-back offer of up to 2% on all purchases being increase to up to 3%. The lifetime balance transfer offer of 5.9% is changing to 3.9% until 2010. The decision to remove their lifetime balance transfer is disappointing as the Morgan Stanley deal was one of the last on offer. Earlier this year, American Express cut all their lifetime balance transfer deals. It was reckoned that a low APR lifetime balance transfer deal proved to be better value for money. The standard APR of 15.9% remains the same.creditcards-gb.co.uk © 2006 •
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