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If you currently hold an American Express Platinum card, your benefits just got a little fancier and more rewarding. Amex announced that they are going to offer a bi-annual $50 credit towards purchases at Saks 5th Avenue. I’ve included the terms and conditions below, but the long and short of it is, after enrolling, you’ll get a $50 statement credit from January to June, and another $50 credit between July and December when you purchase items at Saks. Make sure you check out the specifics on terms, as certain items, like gift cards are excluded.
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Post July 1st: Here are the statement credits that Amex Platinum now offers
- Annual $200 Airline Incidental credit
- Annual $200 Uber Credit
- Global Entry – $100
- Annual $100 Saks 5th avenue credit
- Amex Offers – varies
You’ll see this, follow the steps, you’re done.
- $100 per year, split into 2 time frames:
- January to June; July to December
- Valid in US/US territories and Online
- Valid on Basic and Additional Card Members
- Not valid at/on:
- Saks Gift card purchases
- restaurants within Saks
- Saks Outlets
- Online Bill Pay
- Saks Credit
Each year through the “Shop Saks with Platinum” benefit, enrolled U.S. Platinum Card Members will receive up to $50 in statement credits when they shop at Saks from January through June, and up to $50 in statement credits when they shop at Saks from July through December.
“‘Shop Saks with Platinum’ underscores Saks’ continuous goal of enhancing our clients’ end-to-end shopping experience by bridging two powerhouse brands―Saks and American Express―and providing benefits to improve their overall experience,” stated Emily Essner, Senior Vice President, Marketing and Digital, Saks Fifth Avenue. “We’re excited to offer this benefit to Platinum Card Members and invite them to experience Saks.”
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Amex continues to find ways to add value to cardholders. This is clearly targeting a certain sector of retail consumer, but many of the products that people use, and may buy elsewhere are sold at Saks. Personally, I like Kiehl’s products, and can use this credit to purchase face wash, etc and get it reimbursed. So I just those products free of charge. BYAH!
If you can utilize this Saks credit, the airline incidental credit, and uber credits, you’re receiving $500 of the $550 back every year. That leaves $50 for access to great benefits like Boingo, Centurion Lounges, 5x points on certain travel categories, Fine Hotels and Resorts, and Global Entry. That’s a lot of reasons to hold this card.
Plus it’s super duper metal.
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers.
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