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The American Express Saks credit is one of many benefits The Platinum Card® from American Express 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's about to 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.
- 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 up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through American Express Travel using your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
- $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney+ bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
- Enjoy the benefits of the Global Lounge Collection, with over $500 of annual value if you visit Centurion Lounges and each of our partner lounges including Delta Sky Club® lounges when flying an eligible Delta flight (subject to visit limitations) , select Lufthansa lounges when flying Lufthansa, Plaza Premium lounges and Escape Lounges, and enroll in Priority Pass Select. See terms.
- A Walmart+ membership can get you free shipping with no order minimum on eligible items shipped by Walmart. Use your Platinum Card® to pay for a monthly Walmart+ membership (subject to auto-renewal) and receive one statement credit for up to $12.95 (plus applicable taxes. Plus Ups not eligible) each month. Free Shipping excludes most Marketplace items, freight & certain location surcharges. Paramount+ Essential plan only, separate registration required.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your 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.
- $200 Uber Cash: Platinum Card® Members can ride or dine in style with $15 in Uber Cash each month, plus a bonus $20 in December after adding their Card to their Uber account. Use your Uber Cash on rides and orders in the U.S. when you select an Amex Card for your transaction.
- $199 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. Receive up to $199 in statement credits per calendar year after you pay for your CLEAR Plus Membership (subject to auto-renewal) with the Platinum Card®.
- Receive either a $120 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
- Use Global Dining Access by Resy to access premium dining experiences. Receive Priority Notify and unlock insider access to some of the world's most sought-after restaurants with Global Dining Access by Resy. Download the Resy iOS app or log into Resy.com and add your Platinum Card® to your Resy profile to take advantage of your special benefits and discover restaurants near you.
- $695 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®.
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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 Amex Platinum 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 Amex Platinum 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 Platinum Card® from American Express
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 Amex Platinum 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., Amex Platinum 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 Amex Platinum.
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 Amex Platinum 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 Amex Platinum, 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 half of the year. The benefit resets on July 1, 2025.
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.
- 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 up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through American Express Travel using your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
- $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney+ bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
- Enjoy the benefits of the Global Lounge Collection, with over $500 of annual value if you visit Centurion Lounges and each of our partner lounges including Delta Sky Club® lounges when flying an eligible Delta flight (subject to visit limitations) , select Lufthansa lounges when flying Lufthansa, Plaza Premium lounges and Escape Lounges, and enroll in Priority Pass Select. See terms.
- A Walmart+ membership can get you free shipping with no order minimum on eligible items shipped by Walmart. Use your Platinum Card® to pay for a monthly Walmart+ membership (subject to auto-renewal) and receive one statement credit for up to $12.95 (plus applicable taxes. Plus Ups not eligible) each month. Free Shipping excludes most Marketplace items, freight & certain location surcharges. Paramount+ Essential plan only, separate registration required.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your 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.
- $200 Uber Cash: Platinum Card® Members can ride or dine in style with $15 in Uber Cash each month, plus a bonus $20 in December after adding their Card to their Uber account. Use your Uber Cash on rides and orders in the U.S. when you select an Amex Card for your transaction.
- $199 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. Receive up to $199 in statement credits per calendar year after you pay for your CLEAR Plus Membership (subject to auto-renewal) with the Platinum Card®.
- Receive either a $120 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
- Use Global Dining Access by Resy to access premium dining experiences. Receive Priority Notify and unlock insider access to some of the world's most sought-after restaurants with Global Dining Access by Resy. Download the Resy iOS app or log into Resy.com and add your Platinum Card® to your Resy profile to take advantage of your special benefits and discover restaurants near you.
- $695 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®.
For rates and fees of the cards mentioned in this post, please visit the following links: The Platinum Card® from American Express (Rates & Fees)
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