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The American Express Saks credit is one of many benefits the American Express Platinum Card® offers. Every year, cardholders can receive up to $100 in annual statement credits at Saks Fifth Avenue or saks.com — divided into $50 in the first half of the year and $50 in the second half.
You should be aware of a couple of key things before you use this benefit. In this article, we'll provide a quick rundown of how to use the credit and some ways to maximize it, especially now, considering it just reset for the second half of 2025.
- You may be eligible for as high as 175,000 Membership Rewards® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you're approved and find out your exact welcome offer amount - all with no credit score impact. If you're approved and choose to accept the Card, your score may be impacted.
- Get more for your travels with 5X Membership Rewards® points on all flights and prepaid hotel bookings through American Express Travel®, including Fine Hotels + Resorts® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
- More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
- More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
- More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card® at participating partners. Enrollment required.
- More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection* bookings through American Express Travel® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.
- New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
- More Value! $209 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
- Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts® through American Express Travel®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
- New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That's up to $300 in statement credits each calendar year. Enrollment required.
- $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card®. *Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
- $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card®. That's up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- $895 annual fee.
- Terms Apply.
- Rates & Fees
- Earn 5X points for flights booked directly with airlines or with American Express Travel® (up to $500,000 in purchases per calendar year).
- Earn 5X points on prepaid hotels booked with American Express Travel®.
- Earn 5X points on Fine Hotels + Resorts® and The Hotel Collection bookings.
Page Contents
How the $100 American Express Saks Credit Works
To take advantage of this benefit, you need to enroll in the offer, a standard requirement for several Platinum Card® statement credit benefits. You won't receive the statement credit if you make a Saks purchase without enrolling.
Once enrolled, you can earn up to $100 back annually at Saks, dished out in two pieces:
- Up to $50 from January 1 through June 30
- Up to $50 from July 1 through December 31
To receive the statement credit, you must use your Platinum Card® to make your purchase at a Saks store in the U.S. or U.S. territories or at saksfifthavenue.com.
There is no minimum spending requirement to trigger the credit. Thus, a qualifying purchase of less than $50 will earn a credit worth precisely what you spent. If you make a purchase totaling more than $50, you'll only receive $50 in credit each half of the year.
But note that Saks typically won't charge your card until after your order ships, so you'll want to give yourself a cushion and avoid ordering at the last minute. An order that ships on July 1 will credit for the second half of 2025, even if you ordered in the first half of the year.
Assuming you follow the guidelines, Amex will post the credit to your account within eight weeks of the purchase date, though it generally posts much faster than that.
Related: All About the American Express Platinum Card®
Amex Saks credit restrictions and limitations
You might be familiar with Saks' discount-oriented sister brand, Saks OFF 5th. Unfortunately, purchases made at brick-and-mortar Saks OFF 5th stores or saksoff5th.com are ineligible for the $50 semi-annual Amex Saks credit.
Additionally, if you're looking for a way to earn the credit without splurging on something expensive, you might consider purchasing a gift card to stack with a future Amex Saks credit. Gift cards purchased online won't trigger the $50 credit, but the same doesn't always hold true for in-store purchases. Several data points suggest you'll earn the credit by using your Platinum Card® to purchase a gift card at a physical Saks location.
Moreover, the Amex Saks credit is only available to consumer versions of the Platinum card (e.g., Platinum Card® and those issued with partners, such as American Express Platinum Card® by Charles Schwab).
The small business version of the card, The Business Platinum Card® from American Express, is not eligible for this benefit. Conversely, it offers several credits that aren't available on the personal Platinum Card®.
Ways to Use the American Express Saks Credit
If you shop at Saks regularly, using the semi-annual $50 credits will be a piece of cake. You won't need much guidance from us on what to buy or things to consider. For you, this credit should be easy to earn.
However, using the Platinum Card® for Saks purchases is only worth doing twice a year. If you shop at Saks after earning your credit and before the next one comes available, consider using a rewards card better optimized for online purchases or everyday spending. You'll get a better return this way.
Or, if you rarely purchase from Saks, you might be surprised by the high-dollar items that line its shelves or digital store. Rest assured, there are still several ways you can maximize your credit without breaking the bank.
- Look for items worth $50 or less. You can filter all the items by price on the Saks website. Click here to see hundreds of pieces of merchandise worth less than $50.
- Check for Amex Offers. Occasionally, you'll see a targeted Amex Offer featuring a statement credit after spending a certain amount at Saks or bonus Membership Rewards per dollar spent. Stacking your credit with an Amex Offer is an easy way to make your purchase more rewarding.
- Use a shopping portal. Clicking through a shopping portal is another easy way to earn extra rewards on your Saks purchase. Using an aggregator, such as Cashback Monitor, is a great way to get a bird's-eye view of all current offers.
Don't forget about shipping costs
Unless you're placing a large online order, keep in mind that Saks charges a $9.95 shipping fee on purchases under $300 before tax.
You might get more value by visiting a physical Saks store to avoid the shipping cost. Just note that purchases made at in-store restaurants are ineligible for the Amex credit.
Related: Our Favorite Unheralded Credit Card Perks
Our Take
The $100 American Express Saks benefit is just one of many offered by the Platinum Card®, which has an impressive list of perks. With this card in your wallet, you can potentially receive over $1,500 in annual value from the available statement credits alone. This is before factoring in the value of other benefits, such as lounge access and elite status perks!
But to get this value, you’ll need to make use of the card's statement credits. Make sure you’re enrolled in the Amex Saks benefit and that you’ve used your credit for the first second half of the year. The benefit will next reset on January 1, 2026, so you have plenty of time to put it to use.
What's your favorite use of the Saks credits? Let us know in the comments below.
- You may be eligible for as high as 175,000 Membership Rewards® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you're approved and find out your exact welcome offer amount - all with no credit score impact. If you're approved and choose to accept the Card, your score may be impacted.
- Get more for your travels with 5X Membership Rewards® points on all flights and prepaid hotel bookings through American Express Travel®, including Fine Hotels + Resorts® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
- More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
- More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
- More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card® at participating partners. Enrollment required.
- More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection* bookings through American Express Travel® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.
- New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
- More Value! $209 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
- Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts® through American Express Travel®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
- New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That's up to $300 in statement credits each calendar year. Enrollment required.
- $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card®. *Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
- $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card®. That's up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- $895 annual fee.
- Terms Apply.
- Rates & Fees
- Earn 5X points for flights booked directly with airlines or with American Express Travel® (up to $500,000 in purchases per calendar year).
- Earn 5X points on prepaid hotels booked with American Express Travel®.
- Earn 5X points on Fine Hotels + Resorts® and The Hotel Collection bookings.
For rates and fees of the cards mentioned in this post, please visit the following links: American Express Platinum Card® (Rates & Fees)
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
