The Platinum Card® from American Express Exclusively for Morgan Stanley Agreement

Account & Service Control · Context

Part 1 of the Platinum Card for Morgan Stanley agreement, as of 06/30/2026

This is Part 1 of 3 of the Card Member Agreement for the Platinum Card from American Express exclusively for Morgan Stanley, stated as of 06/30/2026, with American Express National Bank named as issuer. Part 1 holds the Rates and Fees Table and the How Rates and Fees Work section; Part 2 and Part 3 and a Supplement are separate parts of the same document.

Supporting quotations

Card Member Agreement: Part 1 of 3

As of: 06/30/2026 Issuer: American Express National Bank

Platinum Card® from American Express exclusively for Morgan Stanley

Qualifications & exceptions

• The "As of" date and issuer are stated on the first page of Part 1.

Not stated here

• This public copy does not show account-specific items that later text says appear on page 1 of Part 1 (for example a Pay Over Time Limit or Spending Limit); those personal values are not in the supplied text.

Account & Service Control · User right or choice

Parts 1, 2 and 3 and any supplements or amendments make up the Card Member Agreement; copies on request

Part 1, Part 2, Part 3 and any supplements or amendments make up your Card Member Agreement. You can request a copy of your Card Member Agreement through your online account or by calling the number on the back of your Card.

Supporting quotations

Part 1, Part 2, Part 3 and any supplements or amendments make up your Card Member Agreement. You can request a copy of your Card Member Agreement through your online account or by calling the number on the back of your Card.

Account & Service Control · Restriction or exception

The Morgan Stanley Platinum Card is available only to clients with an Eligible Account

The card is only available to clients who have an Eligible Account with Morgan Stanley Smith Barney LLC (which includes E*TRADE from Morgan Stanley) or Morgan Stanley Private Bank, National Association. An Eligible Account is a brokerage or bank account held in your name, held by a trust where you are both grantor and trustee, or held as a beneficial owner of a personal holding company, a non-operating limited liability company, a non-operating limited partnership, or a similar legal entity.

Supporting quotations

How Your Reward Program Works

The Platinum Card® from American Express exclusively for Morgan Stanley is only available for clients who have an Eligible Account with Morgan Stanley Smith Barney LLC (which includes E*TRADE from Morgan Stanley) or Morgan Stanley Private Bank, National Association.

An Eligible Account is a brokerage or bank account (i) held in your name, (ii) held by a trust where you are both the grantor and trustee of such trust, or (iii) held as a beneficial owner of a personal holding company, a non-operating limited liability company, a non-operating limited partnership, or a similar legal entity.

Not stated here

• The supplement is headed "How Your Reward Program Works", but the supplied text under it contains only these program-eligibility paragraphs and no rewards earning or redemption terms.
• "Similar legal entity" is not defined in the supplied text.

Account & Service Control · Restriction or exception

Cards issue only to Morgan Stanley clients or their associated individuals; losing an Eligible Account can end the card

American Express will only issue the Card to a Morgan Stanley client who is an individual, or to an individual associated with a Morgan Stanley client when the client itself is not an individual. Eligibility is subject to change. American Express may cancel your Card Account and your participation in the program if you do not maintain an Eligible Account.

Supporting quotations

American Express will only issue the Card to (1) a Morgan Stanley client who is an individual; and (2) an individual associated with a Morgan Stanley client (if the Morgan Stanley client itself is not an individual). Eligibility is subject to change.

American Express may cancel your Card Account and participation in this program if you do not maintain an Eligible Account.

Qualifications & exceptions

• "May cancel" is a right of American Express, not a stated automatic outcome.

Not stated here

• The supplied text does not say how much notice, if any, is given before cancelling for loss of an Eligible Account, or what "associated with" a client means.

Account & Service Control · User right or choice

Using the Account or keeping the Card means you agree; you can cancel an unused Card without fees

The Card Member Agreement is Part 2 together with Part 1 and Part 3, plus any supplements or amendments, for the Account identified on page 1 of Part 1. When you use the Account (or you sign or keep the Card), you agree to its terms. If you have not yet used the Account or made a payment on the Account after receiving a billing statement, you can cancel your Card without obligation to pay any fees.

Supporting quotations

This document together with Part 1 and Part 3 make up the Card Member Agreement (Agreement) for the Account identified on page 1 of Part 1. Any supplements or amendments are also part of the Agreement. When you use the Account (or you sign or keep the Card), you agree to the terms of the Agreement.

If you have not yet used the Account or made a payment on the Account after receiving a billing statement, you can cancel your Card without obligation to pay any fees.

Part 1, Part 2, Part 3 and any supplements or amendments make up your Card Member Agreement.

Qualifications & exceptions

• The cancellation right is stated for a person who has not yet used the Account or made a payment after receiving a billing statement.

Not stated here

• The sentence says "have not yet used the Account or made a payment ... after receiving a billing statement" without saying whether both must be true or either; the wording is quoted as is.

Account & Service Control · Context

We means the issuer, you means the applicant (Basic or Primary Card Member), Additional Cards on request

"We", "us" and "our" mean the issuer shown on page 1 of Part 1. "You" and "your" mean the person who applied for the Account and for whom American Express opened it, called the Basic or Primary Card Member. You may request Additional Cards (which include Companion Cards, if available) for Additional Card Members. "Card" means any American Express Card or other device issued to access your Account.

Supporting quotations

Definitions: We, us, and our mean the issuer shown on page 1 of Part 1. You and your mean the person who applied for this Account and for whom we opened the Account. We will refer to you as either the Basic or Primary Card Member. You may request Additional Cards (which include Companion Cards, if available) for Additional Card Members. Card means any American Express Card or other device that we issue to access your Account.

Account & Service Control · Restriction or exception

American Express decides whether to approve each charge; use is for personal, family or household purposes only

You may use the Card to make charges. American Express decides whether to approve a charge, based on how you spend and pay on this Account and other Accounts you have with it, and also considers your credit history and score and personal resources that it knows about. You agree to use the Card for personal, family or household purposes only.

Supporting quotations

You may use the Card to make charges. We decide whether to approve a charge, based on how you spend and pay on this Account and other Accounts you have with us. You agree to use the Card for personal, family, or household purposes only. We also consider your credit history and score and your personal resources that we know about.

Account & Service Control · Restriction or exception

If a Spending Limit applies, going over it makes declines more likely, but you still owe approved charges

If there is a Spending Limit on page 1 of Part 1, your Account has a preset Spending Limit. If your total balance exceeds it at any time, American Express is more likely to decline your charges. It may approve charges that cause your total balance to exceed the Spending Limit, and you must still pay for them. It may also decline charges even if they do not cause your balance to exceed the limit, and it may change or remove the Spending Limit at any time.

Supporting quotations

if there is a Spending Limit on page 1 of Part 1 of this Agreement, then your Account has a preset Spending Limit. If at any time your total balance exceeds this Spending Limit, we are more likely to decline to authorize your charges. We may approve charges that cause your total balance to exceed the Spending Limit. If we do, you must still pay us for those charges. We may also decline to authorize charges, even if they do not cause your total balance to exceed the Spending Limit. We may change or remove the Spending Limit at any time.

Not stated here

• Page 1 of Part 1 is not in the supplied text, so whether this Account has a Spending Limit, or its amount, is not shown.

Account & Service Control · Permission or license

American Express may decline charges for many reasons and is not responsible for losses from a decline

American Express may decline to authorize a charge for various reasons, including if it suspects fraud or based on its assessment of your creditworthiness, even if your Account is not in default. It is not responsible for losses you incur if it does not authorize a charge or if any merchant refuses to accept the Card.

Supporting quotations

We may decline to authorize a charge for various reasons, including if we suspect fraud or based on our assessment of your creditworthiness, even if your Account is not in default. We are not responsible for any losses you incur if we do not authorize a charge or if any merchant refuses to accept the Card.

Qualifications & exceptions

• "Including" signals the stated reasons are examples.

Account & Service Control · Company commitment

Your Pay Over Time setting stays in effect when you move to a new Card with the same Account number

If you transfer to a new Card with the same Account number, your Pay Over Time setting at the time of transfer remains in effect on the new Card.

Supporting quotations

If you transfer to a new Card with the same Account number, your Pay Over Time setting at time of transfer will remain in effect on your new Card.

Account & Service Control · Permission or license

American Express may issue Additional Cards on request and may report their use to credit reporting agencies

American Express may issue Additional Cards on your Account at your request. Additional Card Members can use your Account subject to the terms of the Agreement, and American Express may report their use of your Account to credit reporting agencies. If an Annual Fee applies to Additional Cards on your Account, the text says it is shown on page 2 of Part 1.

Supporting quotations

We may issue Additional Cards on your Account at your request. Additional Card Members can use your Account subject to the terms of this Agreement and we may report their use of your Account to credit reporting agencies. If an Annual Fee applies to Additional Cards on your Account, it is shown on page 2 of Part 1 of this Agreement.

Qualifications & exceptions

• Issuing an Additional Card is something American Express "may" do at your request, not a guaranteed right.

Not stated here

• The supplied text does not mark page numbers; the Additional Card fees appear under Fees in How Rates and Fees Work.

Cross-references

• refers to (model-proposed): Additional Cards: first Additional Platinum Card $0, later ones $195 a year, Companion Cards $0 — Part 2 says any Annual Fee for Additional Cards is shown in Part 1; the fees section lists the Additional Card amounts.

Account & Service Control · Company practice

You are responsible for all use of your Account by Additional Card Members, who may be given Account information

You are responsible for all use of your Account by Additional Card Members and anyone they allow to use your Account, and you must pay for all charges made. You authorize American Express to give Additional Card Members information about your Account and to discuss it with them. You can contact American Express to cancel an Additional Card Member's ability to use your Account. If an Annual Fee applies to an Additional Card, the refund policy in the Closing or suspending your Account sub-section of Part 3 applies; if a single Annual Fee covers a group of Additional Cards, that policy applies when you cancel the Additional Card on which the fee was assessed.

Supporting quotations

You are responsible for all use of your Account by Additional Card Members and anyone they allow to use your Account and you must pay for all charges made. You also authorize us to give Additional Card Members information about your Account and to discuss it with them. Contact us if you want to cancel an Additional Card Member's ability to use your Account.

If an Annual Fee applies for an Additional Card, please refer to the refund policy disclosed in the Closing or suspending your Account sub-section of Part 3 of this Agreement. If a single Annual Fee applies for a group of Additional Cards on your Account, this policy will apply when you cancel the Additional Card on which the fee was assessed.

Qualifications & exceptions

• The refund policy itself is in Part 3 and is explained in its own card.

Cross-references

• refers to (model-proposed): You may close the Account; the Annual Fee is refunded only if you close within 30 days after the statement Closing Date — The Additional Card text sends the reader to the Closing or suspending your Account sub-section of Part 3 for the Annual Fee refund policy.

Account & Service Control · Permission or license

American Express may add, modify or remove any benefit, feature or service at its discretion

American Express has the right to add, modify or remove any benefit, feature or service included with or related to your Account at its discretion.

Supporting quotations

Changing benefits: We have the right to add, modify or remove any benefit, feature or service included with or related to your Account at our discretion.

Not stated here

• The supplied text does not say what notice, if any, accompanies a change to a benefit.

Account & Service Control · Company practice

Notices go by U.S. mail, courier or electronically and count as given when mailed or delivered electronically

American Express sends notices by U.S. mail, courier, or electronically using the information in its records. A notice is considered given when it is mailed or delivered electronically.

Supporting quotations

Sending you notices: We send notices by U.S. mail, courier, or electronically using the information in our records. We consider a notice given when we mail it or deliver it electronically.

Qualifications & exceptions

• A notice counts as given when sent, not when you receive or read it.

Account & Service Control · Procedure

You must tell American Express right away if your address, email or phone changes, separately for each Account

You must notify American Express immediately if you change your mailing address, email address or telephone number. If you have more than one Account, you need to notify it separately for each Account. American Express may update your billing address if it receives information that it has changed or is incorrect.

Supporting quotations

Changing your contact information: You must notify us immediately if you change your mailing address, email address, or telephone number. If you have more than one Account, you need to notify us separately for each Account. We may update your billing address if we receive information that it has changed or is incorrect.

Account & Service Control · Procedure

To contest information given to a credit reporting agency, write to the American Express Credit Bureau Unit

If you believe information American Express has given to a credit reporting agency is incorrect, write to American Express Credit Bureau Unit, P.O. Box 981537, El Paso, TX 79998-1537, and tell it the specific information you believe is incorrect.

Supporting quotations

If you believe information we have given to a credit reporting agency is incorrect, write to us at: American Express Credit Bureau Unit, P.O. Box 981537, El Paso, TX 79998-1537. When you write to us, tell us the specific information you believe is incorrect.

Account & Service Control · Restriction or exception

American Express may treat the Account as in default for five listed reasons, including a belief you cannot pay

American Express may consider your Account in default if you violate a provision of the Agreement, give false information, file for bankruptcy, default under another agreement with it or an affiliate, or if it believes you are unable or unwilling to pay your debts when due.

Supporting quotations

Default: We may consider your Account to be in default if:

you violate a provision of this Agreement,

you give us false information,

you file for bankruptcy,

you default under another agreement you have with us or an affiliate, or

we believe you are unable or unwilling to pay your debts when due.

Qualifications & exceptions

• "May consider" is a right, not an automatic status.

Not stated here

• The text of another agreement with American Express or an affiliate, whose default can count here, is not supplied, so what such an agreement requires cannot be stated.
• The text does not say which provisions of the Agreement, if violated, count under the first ground.

Account & Service Control · Permission or license

On default, incapacity or death, American Express may suspend charges and features and demand payment of the balance

If American Express considers your Account in default, or if you become incapacitated or die, it may, to the extent permitted by federal and applicable state law, suspend your ability to make charges, cancel or suspend any feature, require you to pay more than your Minimum Payment Due immediately, and require you to pay your Account balance immediately.

Supporting quotations

If we consider your Account in default, or if you become incapacitated or die, we may, to the extent permitted by federal and applicable state law:

suspend your ability to make charges,

cancel or suspend any feature on your Account,

require you to pay more than your Minimum Payment Due immediately, and

require you to pay your Account balance immediately.

Qualifications & exceptions

• Limited to what federal and applicable state law permit.

Account & Service Control · Permission or license

American Express may cancel the Account or suspend charges or features at any time and for any reason

American Express may, at any time and for any reason, cancel your Account, suspend your ability to make charges, or cancel or suspend any feature on your Account. If it does, you must still pay for all charges under the Agreement. It may agree to reinstate your Account and any Additional Cards, and charge any applicable annual fees and a fee to reinstate the Account.

Supporting quotations

Closing or suspending your Account: We may, at any time and for any reason: cancel your Account, suspend your ability to make charges, or cancel or suspend any feature on your Account. If we do any of these, you must still pay us for all charges under the terms of this Agreement. We may agree to reinstate your Account, reinstate any Additional Cards issued on your Account, and charge you any applicable annual fees and a fee to reinstate the Account.

Not stated here

• The reinstatement fee amount is not stated in this passage; another passage gives a $25 fee for re-opening a cancelled Account.