Attention Amex Platinum Cardholders: Saks $50 Credit Expires Soon!

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The American Express Platinum card is one of the most lucrative cards in the world of points and miles. That’s thanks to an outstanding bonus, great travel perks, and a series of credits that help offset the card’s otherwise large annual fee of $550 a year.

And the newest of these credits is a bit quirky: Twice a year, cardholders can get a $50 credit toward Saks Fifth Avenue purchases (online or in-store). That’s once from January through June, and once from July through December for a total of $100 in credits.

That means time is running out to use the first $50 credit for 2019. You’ve got through Sunday, June 30 to use this first $50 credit or lose it.

Saks Fifth Avenue isn’t exactly a thrifty store, but there are plenty of great items to buy under $50. And of course, you could simply offset a larger purchase by $50.

Thrifty Tip: Always make sure to first click through Ebates on your way to the Saks website. You will earn an additional 10% cash back on your purchase. That means if you spent $50 on your Amex Platinum card by first clicking through Ebates, you would come out $5 ahead after getting your credit from Amex and your cash back from Ebates.

You’ll need to activate this credit before making your purchase. To do so, simply log in to your American Express Platinum account and head to the Benefits tab, where you’ll be able to enroll for the Saks credit. Then just check out with your Amex Platinum card and the $50 credit should automatically apply.


Amex Platinum Saks Credit Expires


There are two things to keep in mind with this credit: Only the personal version of the Amex Platinum (and not the Business Platinum card) is eligible. And only primary cardholders can get the Saks credit – any authorized users will not.

These credits aren’t earth-shattering, but they’re just another reason why the card’s $550 annual fee isn’t exactly as it seems. Add in the $200 annual travel credit, $200 doled out in monthly credits for Uber rides (or Uber Eats), and $100 to cover an application for Global Entry or TSA PreCheck, and it can be easy for many frequent travelers to justify the annual fee.


Amex Platinum Saks Credit Expires


Click Here to learn more about the Platinum Card from American Express. 


Bottom Line

Use those Saks Fifth Avenue Credits or lose them! You’ve got through Sunday, June 30 to use up this first $50 credit for 2019.


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Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.

1 Response

  1. John says:

    I walked into a Saks last week and bought a $50 gift card, basically banking the credit until I have more and can buy something meaningful. I checked today and the credit was applied, so that seems to be a reasonable strategy for combining multiple credits over time, if you don’t feel like buying any of the few “thrifty options” Saks has.

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