Quick Points: How to get a Saks Fifth Avenue gift card with your Amex Platinum - The Points Guy (2024)

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Quick Points: How to get a Saks Fifth Avenue gift card with your Amex Platinum - The Points Guy (1)

Christina Ly

Credit cards writer

Christina Ly is a writer at TPG. She has covered credit cards and personal finance topics since joining the team in 2022.

Quick Points: How to get a Saks Fifth Avenue gift card with your Amex Platinum - The Points Guy (2)

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Editor's Note

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The Platinum Card® from American Express has an annual fee of $695 (see rates and fees), but it's worth it for some travelers.

The card includes perks like lounge access, travel protections and statement credits, including up to a $100 annual credit at Saks Fifth Avenue. The credit is split into two up to $50 credits — one for purchases from January through June and the second for purchases from July through December. Enrollment is required for select benefits. Terms apply.

What is the Saks Fifth Avenue Credit?

The statement credit is relatively straightforward. When you use your Amex Platinum at Saks Fifth Avenue in a physical store or online, Amex will credit you up to $50 in the first half of the year and up to another $50 in the second half. Unfortunately, the credits do not stack, so they will not carry over if you don't use your up to $50 credit by the end of June or December.

Quick Points: How to get a Saks Fifth Avenue gift card with your Amex Platinum - The Points Guy (3)

I'm not a frequent Saks Fifth Avenue customer, and $50 doesn't get you that far at Saks.

However, if you want to combine your up to $50 credits and maximize your statement credits, there may be a solution: Purchase a physical Saks Fifth Avenue gift card.

Related: A guide to the Amex Platinum Walmart+ benefit

How I use my Saks credit

If you have a Saks location near you, you can purchase a physical $50 gift card in the store. In my experience, these transactions qualify for Amex's statement credit. So, if you're not sure what you want to get at Saks Fifth Avenue or you're saving up for a larger item, this can be a great way to avoid wasting your statement credit.

Quick Points: How to get a Saks Fifth Avenue gift card with your Amex Platinum - The Points Guy (4)

Additionally, Saks gift cards are valid for at least five years, so you have plenty of time to decide how (and when) to use them. Just be sure to keep track of them and use them before they expire.

If you don't live near a physical Saks location, you may wonder whether this approach works for e-gift cards. Sadly, this approach generally doesn't apply to electronic gift cards. Historically, Saks bills e-gift cards differently, and thus, they do not trigger the Amex statement credit reimbursem*nt. It's also not valid at Saks Off 5th outlets.

Quick Points: How to get a Saks Fifth Avenue gift card with your Amex Platinum - The Points Guy (5)

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Finally, Saks does sell gift cards online that can be shipped to your home address. However, the lowest amount you can get on one of these is $150. Plus, you'll be on the hook for $9.95 in shipping charges. This could be a last resort if you're nowhere near a Saks Fifth Avenue location, but it still requires a significant out-of-pocket expense.

Related: 11 things you can buy with the Amex Platinum $50 Saks credit

Bottom line

The Amex Platinum is one of the most valuable travel cards, thanks to a long list of benefits and statement credits. Unfortunately, some of these take some effort to utilize. However, if you've been struggling with maximizing the Saks Fifth Avenue benefit, buying physical gift cards from a Saks store can be an alternative.

To learn more, read our full review of the Amex Platinum.

Apply here: Amex Platinum

Related: 5 ways you might be missing the value of your Amex Platinum card

For rates and fees of the Amex Platinum Card, click here.

Featured image by

AARONPBAUER/GRIFFINGC-IMAGES/GETTY IMAGES

Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Quick Points: How to get a Saks Fifth Avenue gift card with your Amex Platinum - The Points Guy (2024)

FAQs

Can I use Amex Platinum for Saks gift card? ›

Not valid on Saks Fifth Avenue Gift Cards, or purchases at Saks OFF 5TH Avenue stores or at saksoff5th.com.

Can I buy gift cards with Amex Platinum? ›

You can use American Express Platinum to buy gift cards, but some retailers may not allow it, to protect themselves from potential fraud. Other retailers may permit gift card purchases with an Amex Platinum card, but will often have limits on the dollar amount or number of cards per person, per transaction.

How to get 100 000 points on Amex Platinum? ›

You can earn 100,000 Membership Rewards® Points when you spend $6,000 on purchases on the card in your first six months of card membership. If you redeem the rewards for a 1:1 value, this is worth $1,000.

Can you use Amex points at Saks? ›

Yes. During the checkout process, you'll see the available point balance and its associated dollar value to use toward your purchase.

What months can I use Amex Platinum for Saks credit? ›

Shop Saks with Platinum

Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on your Platinum Card. That's up to $50 in statement credits from January through June and up to $50 in statement credits from July through December.

Can I use my Saks credit card at Louis Vuitton? ›

No, you cannot use your Saks Fifth Avenue Store Card anywhere, because it is a store credit card. You can only use this card at Saks locations, which include Saks Fifth Avenue, Saks Fifth Avenue OFF 5th, saksfifthavenue.com, and saksoff5th.com.

Can I turn Amex points into gift cards? ›

We offer a variety of different restaurant, retail, entertainment, and travel gift cards that eligible Card Members can choose from when redeeming Membership Rewards® points. Depending on your selection, you may be able to receive a digital Gift Card or a physical Gift Card.

Can you transfer money from Amex Platinum to bank account? ›

Log in to your American Express account. Click on the "Transfers" tab. Select "Transfer to Bank Account." Enter the amount of money you want to transfer and the routing number and account number of your bank account.

Can I use my Amex Platinum to buy a car? ›

Each participating Certified Dealer in the American Express Auto Purchasing Program will accept the American Express Card for at least $2,000 and up to the full purchase price.

How to get Amex points quickly? ›

How can I earn points more quickly? Simply follow these easy steps: -Remember to use your Card every day for eligible purchases, from petrol for your car and your weekly supermarket shop to eating out. -Use your Card for high value purchases such as travel and your Points will grow even faster.

How to waive Amex Platinum fee? ›

You can get the annual fee waived on The Platinum Card® from American Express exclusively for Morgan Stanley* if you have the Morgan Stanley Platinum CashPlus account, which also comes with unlimited ATM fee rebates and is FDIC-insured.

What is the highest limit on Amex Platinum? ›

There's no preset American Express Platinum card limit. If you want to spend $5,000 one month and $20,000 the next, you can, as the lack of a credit limit gives you unmatched flexibility. You just have to pay the $695 annual fee.

Does Amex Platinum work for Saks off fifth? ›

Amex Platinum Card Saks Credit Deadline and How To Activate

Your credit is valid at Saks Fifth Avenue online or at locations in the U.S. and U.S. territories. It is not valid on Saks Fifth Avenue gift cards or purchases at Saks OFF 5TH Avenue locations and saksoff5th.com.

Can I use Saks Fifth Avenue gift card? ›

Do you accept gift cards? Yes, we accept Saks OFF 5TH and Saks Fifth Avenue gift cards with a PIN code on the back of the card. For security reasons, when placing an order with a gift card as a form of payment, a credit card is required in conjunction with the gift card.

Can I use my Amex points on Amazon? ›

All you need to do is link your Membership Rewards enrolled American Express Card to your Amazon.com account. Redeem your available Membership Rewards Points every time you purchase at Amazon.com.

Where is Amex Platinum not accepted? ›

Where is American Express not accepted? One major retailer that doesn't accept American Express is Costco. Additionally, some small businesses may not accept American Express, since it tends to charge merchants higher fees than other major payment networks, like Visa and Mastercard.

Does Amex allow gift card purchases? ›

The following prepaid cards issued by American Express, to the extent they have been fully registered by the Card Member and approved by American Express, can be used to purchase Gift Cards on americanexpress.com/gift: American Express Serve® Bluebird®

Does Saks Fifth Avenue accept American Express? ›

We accept payment with: Visa. MasterCard. American Express.

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