Morgan Stanley reported that credit card outstandings for its British MasterCards during the second quarter rose 2.9% year-over-year but declined 6.4% sequentially. The number of accounts for its “Classic,” “Gold,” “Platinum,” and “buy & fly!” cards rose 17% to 1.4 million, compared to one-year ago. For the quarter ending May 31st, Morgan Stanley, which issues the “Discover Card” in the USA, posted $2.479 billion in managed card loans, compared to $2.648 billion in the prior quarter and compared to $2.409 billion for the second quarter of 2004. Last year, Morgan Stanley added the “buy and fly! MasterCard” which earns one point for every GBP10 of purchases with bonus points earned for purchases made at participating U.K. retail merchant partners. Points can be redeemed for travel on 17 airlines. MS introduced its first credit card in the U.K. in 1999. For complete details on Morgan Stanley’s latest performance, visit CardData ([www.carddata.com]).