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Update: Starting July 1, 2026, the annual Saks credit on the Platinum Card® will be removed. The post below has been updated to reflect the latest.
Eligibility is limited for the Amex Offers discussed in this post. Enrollment is required in the Amex Offers section of your account before redeeming.
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 — split into $50 in the first half of the year (January–June) and $50 in the second half (July–December).
However, with the benefit set to end (for good) on July 1, 2026, the current first-half credit will be the final opportunity to use it, and it won’t reset for the second half of the year. If we had to guess, this is related to Saks Fifth Avenue’s ongoing financial woes.
Below, we’ll walk through how to use the credit and ways to maximize it while it’s still available.
(Terms apply)
- You may be eligible for as high as 175,000 Membership Rewards® points after you spend $12,000 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.
- 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.
- $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.
- $300 Digital Entertainment Credit: Experience the latest shows, news and recipes. Get up to $25 in statement credits each month when you use your Platinum Card® for eligible purchases on Disney+, a Disney+ bundle, ESPN streaming services, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV when you purchase directly from one or more of the providers. Enrollment required.
- $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.
- $400 Resy Credit + Platinum Nights by Resy: Get up to $100 in statement credits each quarter when you use the Platinum Card® to make eligible purchases with Resy, including dining purchases at U.S. Resy restaurants. Enrollment required. 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.
- $209 CLEAR+ Credit: CLEAR+ helps get you to your gate faster by using your face to verify you are you at 55+ airports nationwide. You can cover the cost of a CLEAR+ Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR+ with your 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, when available, and guaranteed 4PM check-out.
- $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.
- 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.
- 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.
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How the American Express Saks Credit Works
To take advantage of this benefit while it's still around, 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, split into two parts:
- Up to $50 from January 1 through June 30
- Up to $50 from July 1 through December 31
However, with the benefit set to end on July 1, 2026, only the first-half credit is available this year.
This benefit is available to both current and new Card Members, provided you’re able to enroll and make an eligible purchase in advance of the expiration date.
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.
Related: Maximize Your Platinum Card®: Which Benefits You Need to Enroll In
There’s no minimum spending requirement to trigger the credit. So, a qualifying purchase of less than $50 will earn a credit equal to what you spent. If you make a purchase totaling more than $50, you’ll only receive up to $50 in credit in the first half of this year.
That said, 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 won’t trigger the first-half credit since it falls in the second half of the year — and there will be no second-half credit with the benefit expiring.
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.
Related: Maximize Your American Express Platinum Card®: Which Benefits You Need to Enroll In
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 qualify for the $50 credit, but that limitation doesn't always apply to 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®.
Related: All About the American Express Platinum Card®
Ways to Use the American Express Saks Credit
If you shop at Saks regularly, using a semi-annual $50 credit will be a piece of cake. You won't need much guidance from us on what to buy or things to consider.
But if you're new to Saks, here are some easy ways to use and maximize the credit on purchases made in the first half of 2026:
- 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 has long been a useful perk of the Platinum Card®, and it’s unfortunate to see it disappear for good on July 1, 2026. That said, you can still use your credit in the first half of the year, and there’s a good chance Amex will replace this outgoing benefit with something new.
What's your favorite use of the Saks credits? Let us know in the comments below.
(Terms apply)
- You may be eligible for as high as 175,000 Membership Rewards® points after you spend $12,000 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.
- 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.
- $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.
- $300 Digital Entertainment Credit: Experience the latest shows, news and recipes. Get up to $25 in statement credits each month when you use your Platinum Card® for eligible purchases on Disney+, a Disney+ bundle, ESPN streaming services, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV when you purchase directly from one or more of the providers. Enrollment required.
- $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.
- $400 Resy Credit + Platinum Nights by Resy: Get up to $100 in statement credits each quarter when you use the Platinum Card® to make eligible purchases with Resy, including dining purchases at U.S. Resy restaurants. Enrollment required. 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.
- $209 CLEAR+ Credit: CLEAR+ helps get you to your gate faster by using your face to verify you are you at 55+ airports nationwide. You can cover the cost of a CLEAR+ Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR+ with your 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, when available, and guaranteed 4PM check-out.
- $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.
- 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.
- 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)
You can definitely buy $50 gift cards at any Saks store. The store in Chicago, sales reps have told me that people come in all the time to buy $50 gift cards with their Amex Platinum cards. I accumulated 3 years’ worth to buy a piece of Tumi luggage.
Thanks for the data point. I updated the post to reflect this. We still have to hedge though as it’s technically not supposed to trigger the credit.
Is it valid for Brazilian cards?
This is a perk that’s available for U.S. cards. I’m not aware of this benefit on Brazilian cards.
I’ve sued the benefit and it was a great opportunity to shop at Saks.
I’m wondering, if anyone else is having issues with this month’s Uber credits posting to your account? I’ve sued AmEx chat to ask and the person agreed they had not yet posted, but volunteered no other information.
You sued?
Cool benefit
$200 airline credit + $200 Uber credit + $100 Saks credit = essentially only paying $50 a year for all the awesome platinum card benefits.
I wouldn’t go quite that far.
Not bad, but it isn’t really $100, it is the possibility of getting $50 back twice in a year
$50 + $50 = $100 according to my math.
Thank you for explaining the benefits!
Just enrolled.
Definitely a welcome perk. Is it just a one-time registration, or something we’d need to do every 6/12 months?
My guess is you’ll need to re-enroll every 6 months, however, the terms do not specifically state one way or the other. Given this is the first enrollment, we’ll see come January 2019.
Is this only for Saks or also for Saks off 5th?
Saks only.
Big OOPS!! I used. BTW, the UBER credit has posted.
this is another nice benefit for the card
I don’t think you can get a tie clip at Sacks for anywhere near $50.
Nice offer, even if $550 is still a huge amount of money!
what would I buy..a tie clip?
Ótima noticia,este cartão tem realmente vantagens, com esses beneficios ele se paga!
Cool to see them add benefits!
Glad I looked here first today as it prompted me to check my Plat offers and there it was.
Great, didnt know about this offer until I saw it here.
Love my Platinum card with the credits, helps pay for itself!
Thanks for letting us know!
Not bad!