Platinum (Morgan Stanley) vs Rakuten
Platinum (Morgan Stanley)
$895/yr
5.5/10
VS
Rakuten
$0/yr
7.0/10
Quick Answer
Platinum (Morgan Stanley) charges $895/yr with 1X base rewards. Rakuten charges no annual fee with 1X base rewards. Rakuten offers better overall value for most spenders when comparing fees, rewards, and benefits side by side.
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Winner by Category
Annual Fees
Rakuten
Lower annual fee ($895 vs $0)
Rewards Earning
Platinum (Morgan Stanley)
3 earning categories
Benefits & Protection
Platinum (Morgan Stanley)
0 benefits vs 0
Statement Credits
Platinum (Morgan Stanley)
$1439 in annual credits
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Rakuten wins for most people
The $895 fee difference is hard to justify unless you maximize premium benefits.
Apply for RakutenPREMIUM PICK
Platinum (Morgan Stanley) wins for heavy spenders
If you can offset the higher fee with credits and perks, this card delivers more value.
Apply for Platinum (Morgan Stanley)Rewards Earning: Detailed Comparison
Platinum (Morgan Stanley)
| Flights (Amex Travel) | 5.0X |
| Hotels (Amex Travel) | 5.0X |
| Everything else | 1.0X |
Rakuten
| Rakuten partner stores | 3.0X |
| Everything else | 1.0X |