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- The Platinum Card® from American Express
offers up to $100 in credits at Saks Fifth Avenue each year.** - It’s split into two credits of up to $50 — one for January to June, and one for July to December.
- You can stack the credit with other deals, like shopping portals and Amex Offers**, to save even more.
- Read Insider’s guide to the best American Express cards.
In addition to offering up to $200 in Uber credits**, up to $200 in airline incidental fee credits**, and up to $200 in prepaid hotel credits each year, The Platinum Card® from American Express includes annual statement credits of up to $100 for Saks Fifth Avenue purchases.
The credit is broken into two parts, with up to $50 available every six months. If you haven’t redeemed your credit for the last half of the year yet, you don’t have much time left to use it — and you can even combine it with other discounts or bonus points offered through Saks, shopping portals, or Amex Offers**.
This is one of the many Amex Platinum benefits that can help offset the card’s $695 annual fee, and there are lots of items you can buy at Saks that cost $50 or less.
Here’s how to use the Amex Platinum Saks credit.
Insider’s Featured Rewards Credit Cards
Earn unlimited 3x points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. Earn 1x points on other purchases.
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Earn 3x ThankYou® points at restaurants and supermarkets. Earn 3x ThankYou® points at gas stations, air travel, and hotels. Earn 1x ThankYou® points on all other purchases.
80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
Earn 5x points on all travel purchased through Chase Ultimate Rewards. Earn 3x points on dining, including eligible delivery services, takeout, and dining out. Earn 3x points on select streaming services. Earn 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs). Earn 2x points on other travel. Earn 1x point per dollar on everything else.
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Amex Platinum Saks credit: How it works
The Platinum Card® from American Express
Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Rewards
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per dollar on other purchases.
The Platinum Card® from American Express
Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Rewards
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per dollar on other purchases.
On American Express’s website
Details
Rewards
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per dollar on other purchases.
Annual Fee
$695
See Rates and Fees
Show more
Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Recommended Credit
Good to Excellent
Regular Annual Percentage Rate (APR)
See Pay Over Time APR
Intro Annual Percentage Rate (APR)
N/A
Editor’s Rating
Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.
Show more
Pros & Cons
Highlights
Additional Reading
Once you enroll your Platinum Card at the Platinum Card Benefits Portal, you’ll be eligible for up to $50 in statement credits when you shop at Saks Fifth Avenue (in-store or online) from January through June, and up to another $50 from July through December.
The credit will be automatically applied when an eligible transaction posts on your statement. There is no minimum purchase amount, but you do have to pay for your Saks purchase with the Platinum Card in order to receive the statement credit. Luckily, the card offers one of the best purchase protection policies to cover you against loss or damage, so it’s a strong option to use, especially when you’re buying higher-end merchandise.
How to maximize the Amex Platinum Saks credit
Although items at Saks can be expensive, there are plenty of lower-priced items available, both during sales and otherwise. The credit may be able to cover an entire purchase, getting you a free pair of sneakers, or a shirt.
Saks runs seasonal promotions that can score you discounts when you hit different spending tiers, and you can stack the credit from the Platinum Card with these offers to save even more.
Don’t forget to check your Amex Offers** as well to see if you can “triple-dip.” While the Amex Offers for Saks are generally for bonus points rather than money back on eligible purchases, this is a great way to maximize your purchase by getting even more rewards for your spending.
And if no Saks discounts or Amex Offers** are available when you’re trying to use your Amex Platinum Saks credit, at the very least you can earn bonus points or miles by going through an online shopping portal to make your purchase.
Other valuable Amex Platinum credits
In addition to Saks Fifth Avenue shopping credits, the Platinum Card comes with other perks that make the card worth it, whether you’re traveling or staying close to home, including some brand-new benefits:
- Up to $200 per year in Uber credits** — Divided into $15 per month (except December, when you get $35), you can use these credits for Uber Eats purchases as well
- Up to $200 per year in airline incidental fee credits** — You’re eligible for up to $200 in statement credits toward checked bag fees, priority boarding fees, inflight purchases, and more on your selected airline each calendar year
- Airport lounge access — This includes Amex Centurion Lounges, Priority Pass lounges**, Delta Sky Club lounges when you fly Delta, and more
- Hotel elite status — Once you enroll, you’ll receive Marriott Bonvoy and Hilton Honors Gold elite status**, which gets you perks like room upgrades, bonus points, and in Hilton’s case, free breakfast (currently awarded as a food and beverage credit in the US)
- Up to $200 per calendar year in credits toward prepaid hotel bookings made with Amex Fine Hotels and Resorts or the Hotel Collection (minimum two-night stay)
- Up to $189 per year in credit toward CLEAR® membership**
- Up to $300 annual credits to Equinox** (up to $25 per month, but starting in 2023, you’ll be able to use the Equinox credit all at once)
- $300 statement credit when you use your card to buy a SoulCycle at-home bike
- Up to $240 in annual digital entertainment credits (divided into monthly increments of up to $20)**
- Up to $155 in annual statement credits toward Walmart+ membership (divided into monthly increments of $12.95)**
For a deeper look at this card’s benefits, you can read our complete Amex Platinum review, and find out all the ways to use American Express Membership Rewards points, including non-travel redemption options.
The Platinum Card® from American Express
Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Rewards
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per dollar on other purchases.
The Platinum Card® from American Express
Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Rewards
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per dollar on other purchases.
On American Express’s website
Details
Rewards
Earn 5x Membership Rewards® Points for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. 1 point per dollar on other purchases.
Annual Fee
$695
See Rates and Fees
Show more
Intro offer
80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership
Recommended Credit
Good to Excellent
Regular Annual Percentage Rate (APR)
See Pay Over Time APR
Intro Annual Percentage Rate (APR)
N/A
Editor’s Rating
Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.
Show more
Pros & Cons
Highlights
Additional Reading
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