Credit card issuers like Chase, American Express, and Citi have long offered statement credits in addition to their 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 in terms of 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 which card you use, but this guide will be focusing on the Saks Fifth Avenue credit.
Saks Fifth Avenue is an American chain of luxury department stores. Its flagship store, located on 5th Avenue in Midtown Manhattan, has attracted many loyal shoppers.
In this guide, we’ll be exploring 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 be looking at 3 key budget tiers: $50, $100, and $150. Saks has a great selection of gifts you can get 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 both 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
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 Amex Travel to up to $200 annual airline incidentals fee credit to the best lounge access for a credit card, the benefits are nearly 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 amazing American Express Fine Hotels & Resorts, Amex 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 up into 2 $50 credits: one disbursed from January to June, the other 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 or receive a $200 card statement credit if your qualifying Schwab holdings are equal to or greater than $1,000,000, when measured following card account approval and annually thereafter.
- 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 it doesn’t mention the Saks credit on the application page, you’ll find the identical perk by looking at the card’s benefit terms. The structure is identical, in the sense that the $100 credit is split up into 2 equal $50 credits for January to June and then from July to December.
The 8 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’re going to want to use the credits that 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 $31 on the Saks Fifth Avenue website.
2. Grosche Chicago Black Marble Double Walled Stainless Steel 15.2 Ounce Tea Infuser Bottle and Tea Tumbler
Grosche is a Canadian coffee and tea accessory company that sells everything from French presses to teapots to even loose leaf tea and roasted coffee.
This affordable bottle/tea tumbler is double-walled and vacuum-sealed to keep hot drinks hot for 12 hours or cold drinks cold for 24 hours. Designed with an insulated tea infuser, matcha maker, and water infuser, this tumbler has tons of capabilities.
The product itself is made of 18/8 stainless steel and is rustproof. It’s a great combination of utility, portability, and aesthetics.
You can get this product for $30 on Saks’ website, which leaves $20 leftover out of your $50 credit.
3. 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 the admittedly high price tags, you’ll be pleased to find that you can use your Saks credit toward this endeavor, specifically, this $35 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 and is imported from France.
4. ZWILLING J.A. Henckels Motion 8″ Aluminum Hard Anodized Non-Stick Fry Pan
With the Saks credit, you can make that much-needed cookware replacement you’ve been putting off.
If you’ve got fry pans that need changing out, you can take advantage of this deal to get a high-quality product for your kitchen.
This imported pan measures 8 inches, is dishwasher safe, and has a multi-layer, PFOA-free nonstick coating.
Currently, you can get this pan that retails for $54.99 for as low as $29.99 on the Saks Fifth Avenue online site.
5. COACH Large Leather AirPods Pro Case
If you’re looking to protect your Apple AirPods Pro, you’re not alone. Saks Fifth Avenue is selling a COACH-branded protection option.
This AirPods Pro case is made of leather and canvas and has a snap-button closure. The charcoal color is also decidedly chic.
You can get this for $40 at Saks Fifth Avenue.
6. La Perla Silk-Blend Lace Face Mask
If you want to bring a bit of classic Italian fashion to your hygiene life, consider getting a La Perla face mask!
These face masks have elegant lace trims and are made with silk and elastane.
The side loops are elastic, and the cotton-lined mask is reusable. This product should be hand-washed.
Currently, you can purchase this mask that normally retails for $160 for as little as $48 on Saks’ website!
7. Apparis Shane Lightweight Faux Fur Baseball Cap
Cover your head with this fashionable faux fur baseball cap from Apparis. This hat is lined with polyester and is imported. Care instructions include dry cleaning.
And while it normally retails for $68, you can currently get it for around $48.
8. les girls les boys Jersey Cotton Shorts
Comfortable loungewear can be pricey nowadays. With the Jersey Cotton Shorts from les girls les boys, you can enjoy maximum comfort and a stylish look all at once.
This product has an elasticized waist, cotton construction, tonal brand embroidery, and is made in Portugal.
You can currently get these for $48 on Saks’ website.
The 9 Best Things You Can Buy With a $100 Saks Credit
Now that we reviewed a few gifts you can get with a $50 Saks credit, let’s move onto the next level. If you’ve got a significant other and want to combine your $50 Saks credits, you can do so in-store. Simply ask them to swipe 2 cards at $50 apiece, and you’ll have your $100 Saks credit.
Let’s talk about some fantastic things you can get with a $100 Saks credit.
1. Le Labo Beard Oil
Le Labo is a luxury perfume brand based in New York City. Bought by Esteé Lauder in 2014, this line of products, also offered in Delta One’s amenity kits, combines luxury toiletries with masterful craftsmanship.
Le Labo’s beard oil gets excellent reviews and is known for offering a moisturizing solution for those caring for their facial hair. Made in the U.S., the sunflower, grapeseed, and jojoba plant-based formula is paraben-free, phthalate-free, and artificial colorant-free to protect, smooth, and nourish your beard.
This $62 bottle of beard oil comes in a 60-milliliter bottle and has a lavender, violet, tonka bean, and bergamot aroma.
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. Additionally, the slip-on style shoes are stitched with leather laces and embossed with the iconic UGG logo.
The insoles are also moisture-wicking sheepskin, and the external sole is made up of molded rubber for maximum comfort and sturdiness. With that being said, these shoes are very popular, so you might need to add your size to the waitlist to get them.
You’ll pay $70 on Saks’ website, which is 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 that offers full styling functions. Focused on heavy travelers that 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 in the slightest.
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 around $89 on Saks’ website.
4. Espressione Conical Burr Coffee Grinder
Like the idea of getting a coffee grinder for less than $100? Well, you can make it a reality now!
From Espressione, this high-quality coffee grinder has a powerful grinding mechanism, whether you’re interested in cold brew, Turkish coffee, French press, or a simple pour-over.
The grinder’s features include a coarseness dial, a 150-watt motor, a transparent hopper, stainless steel construction, and a slip-resistant bottom.
Currently, you can get it for $90 on Saks Fifth Avenue!
5. Tory Burch Kira Chevron Leather Card Case
If you’re in the market for a product that can hold credit cards and is compact, affordable, and fashionable, then look no further than Tory Burch. Although this designer brand is known for having high-quality handbags, shoulder bags, and satchels, you’ll find excellent value from its Kira Chevron Leather Card Case.
This 3 x 4-inch genuine leather card case is sleek and features a quilted finish and chevron pattern. The cardholder has 4 exterior card slots, leather stitching, and gold-tone hardware for the logo.
This wallet is priced around $98 on Saks’ website and can be found in many different colors including black, sycamore, and meadowsweet.
6. Tory Burch Double-T Shearling Slides
Tory Burch’s ultra-soft slides will make you feel like you’re walking on clouds.
They’ve got shearling linings, a rubber sole, and Spanish sheep fur. The open toe design maximizizes breathability and fashion — these slip-on slides are definitely worth lounging around in.
Tory Burch is offering these through Saks Fifth Avenue for around $89 (retails for around $240).
7. Kate Spade New York Padlock Charm Bangle Bracelet
If you’re looking for new accessories and fashion jewelry to add to your estate, you can get this bangle bracelet by Kate Spade.
It’s got a classic design with a goldtone padlock charm in the middle. The bracelet itself is made of cubic zirconia and brass, while the closure is a hinge mechanism.
Currently, it’s available for $78 on Saks’ website.
8. Schatzii Skybox Mini Bluetooth Speaker
A neat tech gadget you can get from Saks Fifth Avenue is Schatzii’s Skybox Mini Bluetooth Speaker. It has a 5V USB charging port and is made from a mix of aluminum, rubber, plastic, and metal.
This speaker is 2 inches wide and 2 inches tall, making it highly portable! Lastly, you can even machine wash it (supposedly)!
On the Saks website, this speaker will cost $60.
9. Alo Yoga 6-Piece Essential Oil Set
Alo is one of the world’s most recognizable athleisure brands, but it also offers a variety of wellness and beauty products.
This 6-pack of essential oils designed for different relaxation and renewal modes will allow you to transform your environment. It consists of 6 essential oils, each in a 0.338-ounce size: Cleanse & Detox, Chill & Unwind, Breathe & Spa, Sleep & Downshift, Energize & Refresh, and Awaken & Center.
Although you can use it with a diffuser, you can also simply rub it on your palms, add a few drops to your bath or shower, or simply mix and spritz on your bed linens.
It costs $75 on Saks’ website.
The 9 Best Things You Can 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. Picnic Time Turismo Backpack Cooler
If you tend to be outdoorsy and spend a lot of time with a backpack when traveling, consider getting Picnic Time’s Turismo backpack cooler. The padded straps and grips make it comfortable for long days of hiking and activity.
It has a water bottle carrier, a number of insulated interior compartments, mesh pockets, zippers, and so much more. You’ll also notice that it’s made of 100% polyester and has a manufacturer’s lifetime warranty.
Currently, you can get yours on Saks’ website for $109.
2. Honey-Can-Do Sensor Trash Can
One of the most practical ways to spend your Saks credit is on a sensor trash can!
This particular one is from Honey-Can-Do and is constructed with brushed stainless steel. Plus, it has a 50-liter capacity and measures 16.5 inches long, 12.25 inches wide, and 24.5 inches in height. It has a motion-sense lid and a smart timer that counts down 5 seconds before closing softly.
It’s priced at around $130 on Saks’ website.
3. Graphic Image Leather Desk Blotter
If you’re looking 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.
4. KitchenAid Cordless Hand Blender
Another highly practical way to use a Saks credit is towards a cordless hand blender from KitchenAid.
This particular kitchen gadget comes fully loaded with accessories, as well. It’s made with dishwasher-safe metal and plastic, which is a big plus.
It’s got a rechargeable lithium-ion battery, a variable speed trigger switch, a battery indicator light, a removable pan guard, chopper attachments, and whisk attachments.
Currently, it costs $149.99 on Saks’ website.
5. Orrefors Helena 4-Piece Champagne Glass Set
A relatively simple way to use your Saks credit would be on glassware. This particular 4-piece set is made from crystal and has been a popular pattern since 1977.
These glasses each have a capacity of 8.8 ounces, a 3.5-inch diameter, and a 9-inch height. Be sure to hand-wash these at all times!
You can get it from Saks Fifth Avenue for $150.
6. Trish McEvoy Voyager 7-Piece Makeup Set
The Voyager 7 Piece Makeup Set from Trish McEvoy offers a variety of cosmetics that you might find useful.
This set includes:
- Liquid Face Color, 0.12 ounces
- Essential Pencil Lip Crayon in Nude, 0.05 ounces
- Beauty Booster Lip Gloss in Sexy Nude, 0.28 ounces
- High Volume Tubular Mascara: 0.18 ounces
- Refillable Magnetic Dual-Level Makeup Wardrobing Compact
- Translucent Finishing Powder, 0.33 ounces
- Brush 48 Sculpt & Blend
And for a limited time, you can get it from Saks Fifth Avenue for $145.
7. 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 $120 at Saks Fifth Avenue.
8. Hape Toys Early Melodies Grand Piano and Stool Set
If you’ve got a small child who happens to be musically inclined, you’re not going to want to overlook this choice. The Hape Toys Early Melodies Grand Piano and Stool Set empowers children to begin experimenting with piano melodies.
The entire set-up is around 20 inches wide, 24 inches long, and 20 inches deep and costs $140.
9. 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 a great value use of Saks credits.
You can get the Birkenstock Arizona Shearling & Suede Slides for $150. 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.
At the end of the day, 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 it’s 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 pretty comprehensive idea of some of the best things you can get with Saks Fifth Avenue credits. Enjoy and don’t let the credits go to waste!
The information regarding the American Express Platinum Card® for Schwab was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
For rates and fees of The Platinum Card® from American Express, click here.