Amex Platinum Cardholders: Stack 10x Points From Rakuten With Your Saks Credit

Updated: February 12, 2026, 2:47pm CST

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What Is Rakuten?
Earn 10x Rewards at Saks via Rakuten
Final Thoughts

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If you’re planning purchases at Saks Fifth Avenue, making them today could give you an extra 10% cash-back or 10x points with either American Express or Bilt.

Those with the Platinum Card^® from American Express should be especially interested in this limited-time promotion, as they can make purchases today that earn points and also utilize their $50 semi-annual Saks credit available for enrollment on the card. Who doesn’t love earning points on a purchase that’s later covered by a statement credit against your account?

Right now, you can double up your perks by using both the Amex Platinum card’s Saks credit and earn 10x rewards from your purchases, thanks to a limited-time offer from Rakuten. Here’s how.

What Is Rakuten?

Rakuten is an online shopping portal that provides rewards when you click through Rakuten’s website or browser extension before making a purchase. By adding a few clicks to a purchase you’re making anyway, you can earn cash-back or points.

Offers vary from day to day, but you can choose to earn cash-back with Rakuten (the default setting) or adjust your settings to earn points from Amex Membership Rewards or Bilt Rewards instead. Based on our latest point valuations, choosing to earn points is twice as valuable as earning cash-back through Rakuten.

Earn 10x Rewards at Saks via Rakuten

We don’t expect this offer to last past today, but you can earn 10% cash-back or 10x points through Rakuten when shopping at Saks Fifth Avenue today. Using these numbers, a $50 purchase will give you $5 in cash-back or 500 points. Moreover, a $100 purchase provides $10 cash-back or 1,000 points.

Saks 10x Rakuten offer — Image Credit: Rakuten

This offer is especially interesting for those with the Amex Platinum card. Among the Amex Platinum card’s many benefits, you’ll find up to $100 in statement credits annually with Saks Fifth Avenue. This perk requires enrollment and offers up to $50 in credits semi-annually — meaning you can get $50 in statement credits from January to June and another $50 from July to December each year.

With Saks closing stores and experiencing inventory issues as it goes through bankruptcy, using your Amex Platinum card’s Saks benefit sooner rather than later isn’t a bad idea.

If you shop online with Saks today, you could get up to $50 in credits by paying with your Amex Platinum card and also earn 10x points on the purchase — the full purchase amount before the statement credit, since Rakuten rewards you on the full price of your purchase.

Hot Tip:

Since we recommend earning points through Rakuten, not cash-back, let our guides teach you the best ways to redeem Amex Membership Rewards or Bilt Rewards Points.

Final Thoughts

Right now, you can earn 10x points or 10% cash-back through Rakuten when shopping at Saks Fifth Avenue. This offer is especially interesting if you have the Amex Platinum card and haven’t earned the $50 statement credit yet for purchases at Saks in the first half of 2026.

If you have the Amex Platinum card and haven’t used your Saks benefit yet for January to June, you could get up to $50 back as a statement credit while also earning 10x points with Amex or Bilt.