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Maximize Your $50 Saks Credit with the Amex Platinum Card
August 30, 2024
Introduction to the Amex Platinum $50 Saks Fifth Avenue Statement Credit
The Platinum Card® from American Express, a favorite among luxury-loving travelers, offers an array of premium benefits, including an up to $50 Saks Fifth Avenue credit. This bi-annual statement credit of up to $50 - available from January 1st to June 30th and July 1st to December 31st - allows cardholders to indulge in high-end shopping while saving money on their purchases. In this article, we'll explore how to make the most of your Amex Platinum $50 Saks Credit and elevate your shopping experience.
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What is the $50 Saks Fifth Avenue Credit?
The Amex Platinum $50 Saks statement credit is a benefit offered exclusively to American Express Platinum cardholders. Twice a year, in January and July, eligible cardmembers receive up to a $50 statement credit when they make a purchase at Saks Fifth Avenue or Saks.com. This credit is a great way to treat yourself to luxury items or save on everyday essentials while enjoying the perks of your Platinum Card membership.
How to use your Credit
- You need to enroll in the benefit through your American Express account online.
- Shop at Saks Fifth Avenue or Saks.com and make a purchase of $50 or more using your enrolled Platinum Card.
- Your statement credit will automatically be applied within 2-4 weeks of your purchase.
It's important to note that the credit is "use it or lose it," meaning any unused portion will not carry over to the next period.
The $50 Saks Fifth Avenue statement credit is just one of many benefits offered by the Amex Platinum Card. To see all the perks this ultra-premium card offers, check them out on Kudos Explore.
Maximizing Your Amex Platinum $50 Saks Credit
To get the most value from your Saks credit, consider these tips:
- Shop the sales: Keep an eye out for sales and promotions at Saks Fifth Avenue, both in-store and online. Combining your statement credit with discounted prices can help you stretch your savings even further.
- Use Kudos at checkout when you're shopping at Saks: Saks is a Kudos Boost merchant, which means we'll multiply the rewards you earn on the purchases you make!
- Buy Gift Cards: even if you don't find anything you need immediately, consider purchasing a Saks gift card with your credit. This allows you to save the value for a future purchase or gift it to someone special
Potential items to Buy
For those who live near a physical Saks store, you can buy gift cards in person and the statement credit will trigger. We recommend buying gift cards for slightly more than $50 to ensure you receive the statement credit. Note: this doesn't work if you purchase a gift card online, as some Kudos members have let us know.
Other suggestions:
- Aesop Control Serum - $25.00
- ORIGINS 2-Piece Active Charcoal Mask Set - $29.99
- Corkcicle Whiskey Wedge Glass - $25.00
- Jonathan Adler Metropolis Porcelain Mug - $25.00
- The North Face Small Bozer Hip Pack III - $18.50
- Thucassi Ferrum Wild Groves Candle - $42.00
- Clinique For Men Aloe Shave Gel - $26.00
Anything that you've bought and recommend? Let us know so we can add it to the list.
Don't Forget Other Amex Platinum Statement Credits
In addition to the Saks credit, the Platinum Card offers several other valuable statement credits:
- Up to $200 annual Uber Cash for rides and Uber Eats orders. An Amex Card must be selected as the payment method for your Uber or Uber Eats transaction to redeem the Amex Uber Cash benefit
- Up to $200 annual airline fee credit
- Up to $240 annual digital entertainment credit (for Hulu, Peacock, The Wall Street Journal, Disney+, ESPN+, or The New York Times)
- Up to $300 annual Equinox credit
- Up to $189 annual CLEAR credit
- Up to $120 Global Entry or up to $85 TSA PreCheck® application fee credit. 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
- Up to $200 prepaid hotel credit (for Fine Hotels + Resorts or The Hotel Collection bookings) - minimum two-night stay
These credits, along with access to exclusive lounges, hotel upgrades, and concierge services, make the Amex Platinum an unparalleled choice for luxury-minded travelers.
Speaking of Credits
Inside the Kudos portal and the Kudos mobile app, we can now track if take advantage of this perk (and all your cards’ perks) with our revamped Hidden Perks feature. You just have to connect your accounts to Kudos and we’ll remind you if you haven’t used your credit yet. Remember, these are “use it or lose it” benefits, meaning the credits won’t roll over into the next month.
Final Thoughts
By understanding how to use and maximize this benefit, you can enjoy a taste of luxury while saving money on your purchases. When combined with the Platinum Card's other statement credits and premium benefits, the Saks credit is just one more reason why this card is a top choice for savvy shoppers and travelers alike.
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
Supercharge Your Credit Cards
Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.
Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
