Amex Platinum Saks Credit: How to Use, Maximize, and Stack Deals
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The Amex Platinum card offers up to $100 per year in Saks Fifth Avenue credits, and you can stack other discounts to save more on your purchases
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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 first 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 (See Rates), 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.
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
- Long list of travel benefits, including airport lounge access and complimentary elite status with Hilton and Marriott (enrollment required)
- Annual statement credits with Saks and Uber
- Bonus categories leave something to be desired
- One of the highest annual fees among premium travel cards
- Earn 100,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card®.
- $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card® on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
- American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. There are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
- $300 Equinox Credit: Get up to $25 back each month on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card®. Enrollment required.
- $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
- $695 annual fee.
- Terms Apply.
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 annual 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.
The Platinum Card currently offers an excellent welcome bonus: 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership.
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 $179 per year in credit toward CLEAR membership**
- Up to $300 annual credits (divided into monthly increments of $25) to Equinox**
- $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.
- Long list of travel benefits, including airport lounge access and complimentary elite status with Hilton and Marriott (enrollment required)
- Annual statement credits with Saks and Uber
- Bonus categories leave something to be desired
- One of the highest annual fees among premium travel cards
- Earn 100,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card®.
- $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card® on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
- American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. There are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
- $300 Equinox Credit: Get up to $25 back each month on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card®. Enrollment required.
- $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
- $695 annual fee.
- Terms Apply.
For rates and fees of The Platinum Card® from American Express, please click here.
For rates and fees of The Platinum Card® from American Express, please click here.
For rates and fees of The Platinum Card® from American Express, please click here.
**Enrollment required.
Disclosure: This post may highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team. Read our editorial standards.
Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Trip Delay Insurance, Trip Cancellation and Interruption Insurance, and Cell Phone Protection Underwritten by New Hampshire Insurance Company, an AIG Company. Global Assist Hotline Card Members are responsible for the costs charged by third-party service providers. If approved and coordinated by Premium Global Assist Hotline, emergency medical transportation assistance may be provided at no cost. In any other circumstance, Card Members may be responsible for the costs charged by third-party service providers. Extended Warranty, Purchase Protection, and Baggage Insurance Plan Underwritten by AMEX Assurance Company. Car Rental Loss & Damage Insurance Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
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