18 of the Best Products You Can Buy With Amex Platinum’s Saks Fifth Avenue Credits [2024]

Credit card issuers like Chase, American Express, and Citi have long offered statement credits and other benefits to attract customers. Traditionally, these credits have been travel-focused, featuring airline incidentals credits or broad travel credits.

With the continuing evolution of the credit card rewards landscape, there has been much flux regarding benefits, especially as it relates to statement credits. Specifically, American Express has popularized the trend of offering shopping credits.

These shopping credits vary depending on your card, but this guide will focus on the Saks Fifth Avenue credit.

Saks Fifth Avenue is an American chain of luxury department stores. Its flagship store on 5th Avenue in Midtown Manhattan has attracted many loyal shoppers.

In this guide, we’ll explore the top things you can buy using your Saks credits that are a part of being a cardholder of The Platinum Card^® from American Express. We’ll look at 3 critical budget tiers: $50, $100, and $150. Saks has a great selection of gifts for others, which is a great way to save cash on shopping!

Which Credit Cards Offer Saks Fifth Avenue Credits?

When talking about Saks Fifth Avenue credits, 2 cards offer this benefit: the Amex Platinum card and the American Express Platinum Card^® for Schwab.

Hot Tip: One thing you should remember is that you can use multiple cards with your purchase. For example, if you and your significant other have the Amex Platinum card, you can each swipe $50 in-store to get a $100 purchase for free, even if it’s a single item. 

Let’s quickly touch on both of these cards.

Amex Platinum Card

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The Platinum Card^® from American Express

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The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

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The Platinum Card^® from American Express

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Welcome Offer

Earn 80,000 Membership Rewards^® Points after you spend $8,000 on eligible purchases on the Card in your first 6 months of Card Membership.

80,000 points

UP's Bonus Valuation*:

$1,760

Annual Fee

$695

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Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than The Platinum Card^® from American Express.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Pros & Cons

Pros

• The best airport lounge access out of any card (by far) — enjoy access to over 1,400 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges, Plaza Premium Lounges, and many more!
• 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
• 5x points per dollar spent on prepaid hotels booked with AmexTravel.com

Cons

• $695 annual fee (rates and fees)
• Airline credit does not cover airfare (only incidentals like checked bags)

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Card Highlights

• Earn 80,000 Membership Rewards^® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership.
• Earn 5X Membership Rewards^® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards^® Points on prepaid hotels booked with American Express Travel.
• $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts^® or The Hotel Collection bookings through American Express Travel using your Platinum Card^®. The Hotel Collection requires a minimum two-night stay.
• $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card^® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
• The American Express Global Lounge Collection^® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market. As of 03/2023.
• $155 Walmart+ Credit: Save on eligible delivery fees, shipping, and more with a Walmart+ membership. Use your Platinum Card^® to pay for a monthly Walmart+ membership and get up to $12.95 plus applicable taxes back on one membership (excluding Plus Ups) each month.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card^®.
• $200 Uber Cash: Platinum Card^® Members can get out and about and explore their local area with $15 in Uber Cash for US rides each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings. Simply download the Uber app and add your Platinum Card^® to your Uber account to get started. Available to Basic Card Member only. Effective 11/8/2024, an Amex Card must be selected as the payment method for your Uber or Uber Eats transaction to redeem the Amex Uber Cash benefit.
• $199 CLEAR^® Plus Credit: CLEAR^® Plus helps to get you to your gate faster at 50+ airports nationwide and get up to $199 back per calendar year on your Membership (subject to auto-renewal) when you use your Card. CLEARLanes are available at 100+ airports, stadiums, and entertainment venues.
• 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.
• Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card^®. That's up to $50 in statement credits semi-annually. Enrollment required.
• Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card^® to your Resy profile.
• $695 annual fee.
• Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
• Terms Apply.

Financial Snapshot

• APR: See Pay Over Time APR
• Foreign Transaction Fees: None

Rewards Center

American Express Membership Rewards

Hot Tip: Check to see if you’re eligible for a welcome bonus offer of up to 125k (or 150k) points with the Amex Platinum. The current public offer is 80,000 points. (This targeted offer was independently researched and may not be available to all applicants.)

The Amex Platinum card is undoubtedly one of the best cards you can hold. With benefits and perks ranging from earning big on flights purchased directly with the airline or at AmexTravel.com to the up to $200 annual airline incidentals fee credit to the best lounge access for a credit card, the benefits are endless.

Let’s be clear: the Amex Platinum card is one of the best cards in the world for travel benefits. In addition to access to the fantastic Fine Hotels + Resorts, Centurion Lounges, and even complimentary Hilton Honors Gold and Marriott Bonvoy Gold Elite status (upon enrollment), you’ll also get a $100 annual Saks Fifth Avenue credit.

The annual $100 Saks Fifth Avenue credit is split into 2 $50 credits: 1 disbursed from January to June, the other from July to December. Remember that you must enroll to use this benefit.

Amex Schwab Platinum Card

Another option to get the $100 Saks Fifth Avenue credit is to get the Amex Schwab Platinum card*. While this card is similar to the Amex Platinum card, you’ll enjoy a few other benefits if you maintain an eligible Schwab account.

Once you have a qualifying Schwab account, you can enjoy the same benefits as the Amex Platinum card, in addition to:

• Schwab Appreciation Bonus: Receive a $100 card statement credit if your qualifying Schwab holdings are equal to or greater than $250,000 but less than $1,000,000; receive a $200 card statement credit if your qualifying Schwab holdings are equal to or greater than $1,000,000 but less than $10,000,000; or receive a $1,000 card statement credit if your qualifying Schwab holdings are equal to or greater than $10,000,000, in each case when measured following card account approval and annually after that.
• Invest With Rewards: Earn Membership Rewards points that you can turn into deposits to your eligible Schwab account at a 1.1 cents per point valuation (for example, 60,000 points = $660).

Although the application page doesn’t mention the Saks credit, you’ll find the identical perk by looking at the card’s benefit terms. The structure is identical in that the $100 credit is split into 2 equal $50 credits from January to June and then from July to December.

*All information about the Amex Schwab Platinum card has been collected independently by Upgraded Points.

Hot Tip: For more information about the similarities and differences between the Amex Platinum card and the Amex Schwab Platinum card, check out our head-to-head matchup.

The 6 Best Things You Can Buy With a $50 Saks Credit

If you’re a cardholder of the Amex Platinum card or Amex Schwab Platinum card, you will want to use the credits you get for holding the cards.

If you’ve got one of these cards, you can spend up to $50 every 6 months. Here are some awesome things you can get with a $50 Saks credit:

1. Clinique Even Better Makeup Broad Spectrum SPF 15

Clinique is a mainstay cosmetics brand available pretty much anywhere you go. One of the best buys, in our opinion, is the broad spectrum makeup under the Even Better line.

This product currently has more than 35 shades available, and its 1-ounce volume makes it easy to carry around and travel with.

Generally, this is recommended for dry combination to combination/oily skin. The product is also paraben-free, phthalate-free, fragrance-free, allergy-tested, and non-acnegenic.

You can find it for around $35 on the Saks Fifth Avenue website.

2. Dior Addict Lip Glow Color Reviver Balm

Dior is one of the quintessential brands in the luxury world. If you’ve wanted to try out its cosmetics and have been unable to commit to the admittedly high price tags, you’ll be pleased to find that you can use your Saks credit toward this endeavor, specifically, this $40 iconic lip balm from Dior Backstage.

The Dior Addict Lip Glow Color Reviver Balm comes in several shades, including pink, coral, berry, raspberry, holo pink, and holo rose gold. The entire lip balm comes in a 0.12-ounce package imported from France.

3. ZWILLING J.A. Henckels Fresh & Save Assorted 3-Piece Glass Vacuum Box Set

With the Saks credit, you can make that much-needed cookware replacement you’ve been putting off.

If you’ve got storage containers that need changing out, you can use this deal to get a high-quality product for your kitchen. These glass storage containers from ZWILLING J.A. Henckels keep your food fresh 5x longer than non-vacuum options and are dishwasher-safe.

You can get this pan that retails for $54.99 for as low as $39.99 on the Saks Fifth Avenue site.

4. Polo Ralph Lauren ​Pima Cotton T-Shirt

Brands like Polo Ralph Lauren typically charge a pretty penny for their products. But if you’re looking to add to your wardrobe, Saks Fifth Avenue is selling a t-shirt from the brand at a fraction of the price.

You can get the Polo Ralph Lauren ​Pima Cotton T-Shirt from just $45.50 online at Saks Fifth Avenue.

5. Electrolux Voyage Compact Steamer

While traveling, you probably don’t want to think about ironing. Enter the Electrolux Voyage Compact Steamer.

This compact steamer is the perfect solution for keeping your clothes tidy while traveling. It has adjustable steam settings and a 7.5-foot power cord.

You can purchase this steamer for $49.99 on Saks’ website!

6. Versace Logo Crew Socks

A nice pair of socks is always a good investment. With the Versace Logo Crew Socks, you can enjoy maximum athleisure comfort from a luxury brand.

This product, which is only available at Saks, has the Versace logo prominently shown and was made in Italy.

You can get these socks (available in 3 colorways) for $35.62 (down from $95) on Saks’ website.

6 of the Best Items To Buy With a $100 Saks Credit

Now that we reviewed a few gifts you can get with a $50 Saks credit, let’s move on to the next level. You can do so in-store if you’ve got a significant other and want to combine your $50 Saks credits. Simply ask them to swipe 2 cards at $50 apiece, and you’ll have your $100 Saks credit.

Let’s discuss some fantastic things you can get with a $100 Saks credit.

1. Aesop Moroccan Neroli Shaving Duet

Aesop is an Australian luxury cosmetics brand. This line of products is also offered in Waldorf Astoria hotels and used to be offered in Cathay Pacific first class.

This pair of shaving serum and post-shave lotion gets excellent reviews and is known for facilitating a fantastic shave while moisturizing and hydrating your skin. Made in Australia, the combination of Neroli Blossom, Sandalwood, and Bisabolol protects, smooths, and nourishes your beard.

This $87 shaving set comes with a 2-ounce shaving serum and a 2.1-ounce bottle of post-shave lotion.

2. UGG Kid’s Dakota Suede Sheepskin Slippers

Why pay for shoes when you can get them for free with your Saks credits?

The UGG Kid’s Dakota Suede Sheepskin slippers are a popular choice, as these moccasins are fully lined in sheepskin to keep toes warm and cozy. The slip-on style shoes are also stitched with leather laces and embossed with the iconic UGG logo.

The insoles are also moisture-wicking sheepskin, and the external sole is made of molded rubber for maximum comfort and sturdiness. With that being said, these shoes are trendy, so you might need to add your size to the waitlist to get them.

You’ll pay $56 on Saks’ website, comfortably under the $100 budget.

3. T3 SinglePass Compact Travel Styling Flat Iron With Cap (White and Rose Gold)

Are you a road warrior who needs advanced heating solutions for your hair? Whether it’s curling or straightening, the T3 SinglePass Compact Travel Styling Flat Iron with Cap is a highly portable solution with full styling functions. Focused on heavy travelers who need a compact iron, this product can be stored in your purse, gym bag, or even luggage.

The Tourmaline SinglePass Technologies adds a layer of artificial intelligence to hair irons. These irons have a microchip that measures and adjusts temperature across heating plates for consistency. With even heating throughout the surfaces, you don’t damage your hair.

There are other functions, such as the auto world voltage, which imparts varying amounts of energy depending on the adapter, a heat-resistant cap, and more. You’ll be able to find this product with a 2-year warranty for $89 on Saks’ website.

4. ROYCE New York Zip Leather Card Wallet

If you’re in the market for a product that can hold credit cards and is compact, affordable, and fashionable, look no further than ROYCE. You’ll find excellent value from its Zip Leather Card Wallet.

This 3 x 5.25-inch genuine leather card case is sleek and features a top zip closure and silvertone hardware. The cardholder has 5 card slots, leather lining, and a zip coin wallet.

This wallet is priced at $100 on Saks’ website and can be found in many colors, including black, red, tan, blush pink, silver, and navy blue.

5. Saks Fifth Avenue COLLECTION Padded Leather Crisscross Sandals

Saks Fifth Avenue’s flat sandals will make you feel stylish.

The sandals feature padded leather with crisscross straps. The open-toe design maximizes breathability and fashion — these slip-on slides are worth lounging around in.

Saks Fifth Avenue offers these for around $65.87 (retails for around $155).

6. Courant CATCH:2 Essentials Wireless Charger

A neat tech gadget you can get from Saks Fifth Avenue is the Courant CATCH:2 Essentials Wireless Charger. It has a 5-coil array that allows for multi-device charging where 2 people can share a charge with 2 phones.

The charger is made of designer-quality Belgian linens, a soft touch matte ABS coating, 5-coil Qi-certified fast wireless charging, and charges up to 3 millimeters in thickness in most cases.

It also comes with a USB-C charging cable, facilitating 5W or 7.5W charging.

On the Saks website, this charger will cost $90.

The 6 Best Goodies To Buy With a $150 Saks Credit

Now that we’ve graduated from the $100 Saks credit level, let’s talk about what kind of goodies you can get by combining 3 $50 Saks credits, possibly among 3 people or across 3 cards.

1. Herschel Supply Co. Bowen Tech Duffel Bag

If you tend to be traveling with technology, consider getting the Herschel Supply Co. Bowen Tech Duffel Bag. The duffle, which comes in 2 colors, features an adjustable shoulder strap, exterior zip pocket, and internal mesh storage sleeve. You’ll also find various storage and organizer pockets, making it a breeze to be on the go with your technology.

Currently, you can get yours on Saks’ website for $150.

2. Graphic Image Leather Desk Blotter

If you want to introduce a bit of color to your desk, get this leather desk blotter from Graphic Image.

This fancy desk pad is handmade in New York from smooth Italian leather and has 2 sides to fit your décor. The edges are also colorfully painted. Just be sure to keep it away from liquids and sunlight.

You can get it for $120 on Saks’ website. Occasionally, the price will drop to $90, too!

3. Juliska Puro Whiskey Decanter

A relatively simple way to use your Saks credit would be on glassware. This particular whiskey decanter is made from mouthblown glass, and its design has a shimmering texture.

The decanter can hold 1.6 quarts and is dishwasher safe.

You can get it from Saks Fifth Avenue for $150.

4. Michael Kors Sterling Silver & Cubic Zirconia Heart Pendant Bracelet

If you’re looking for new accessories and fashion jewelry to add to your estate, this bracelet by Michael Kors is a good choice.

It’s got a classic design with 14K rose-gold-plated sterling silver. It features a heart pendant with the MK logo and cubic zirconia stones.

Currently, it’s available for $150 on Saks’ website.

5. UGG Men’s Ascot UGGpure-Lined Leather Slippers

With the UGG Men’s Ascot UGGpure-Lined Leather Slippers, you’ll get a fusion of fashion, comfort, and warmth. These moccasin-style slippers are moisture-wicking and perfect for both indoor and outdoor use.

Offered in black or china tea, these slippers run for around $129.95 at Saks Fifth Avenue.

6. Birkenstock Arizona Shearling & Suede Slides

Last but not least, Saks Fifth Avenue stocks select models of Birkenstock sandals. Known for being a cork-and-latex footbed pioneer, this sustainable and trendy shoe brand constitutes an excellent value use of Saks credits.

You can get the Birkenstock Arizona Shearling & Suede Slides for $160. The German sandals are lined with plush Australian shearling for maximum comfort. The footbed uniquely conforms to the wearer’s feet, making each sandal unique to its owner.

This technically wouldn’t be covered in its entirety by $150 in Saks Fifth Avenue credits, but it’s probably worth paying a small fraction of the cost to get your hands on high-quality footwear.

Final Thoughts

There’s so much more to Saks Fifth Avenue than expensive purses and clothes. Even though the Saks credit is dispersed in $50 increments 2 times a year, it’s possible to get some magnificent value with these credits.

Whether buying gifts or treating yourself to a splurge item, there are countless ways to use your Saks Fifth Avenue credits for maximum value. We covered skincare products, footwear, jewelry, and even kitchen accessories!

You now have a comprehensive idea of some of the best things you can get with Saks Fifth Avenue credits. Enjoy it, and don’t let the credits go to waste!