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Stephen is an established voice in the credit card space, with over 70 to his name. His work has been in publications like The Washington Post, and his Au Points and Awards Consulting Services is used...
Juan has been involved in credit cards, loyalty, travel, and personal finance for more than 10 years. He has worked for several outlets including The Points Guy and Forbes and was previously Editor-in...
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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.
The annual $100 Saks Fifth Avenue credit is split up into 2 $50 credits: one 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 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.
*All information about the Amex Schwab Platinum card has been collected independently by Upgraded Points.
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
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 from $31 to$33 on the Saks Fifth Avenue website.
KitchenAid makes some fabulous appliances that’ll elevate your kitchen. One such product is the Blade Coffee Grinder, which is available in Onyx Black or Empire Red colors.
This grinder can process beans for up to 12 cups of coffee at once, and its brushed stainless steel bowl has etched markings for convenience.
You can get this product for $39.99 on Saks’ website.
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 $38 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
ZWILLING JA Henckels Motion 8-inch Aluminum Hard Anodized Non-stick Fry Pan. Image Credit: Saks Fifth Avenue
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 fry pan from ZWILLING JA Henckels 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 $34.99 on the Saks Fifth Avenue online site.
5. Herschel Supply and Co. Seasonal Technology Organizer
Herschel Supply and Co. Seasonal Technology Organizer. Image Credit: Saks Fifth Avenue
If you’re looking to organize your electronics, charging cables, and even toiletries, this chic organizer can help you out big time.
Cover your head with this fashionable cotton cap from Alo Yoga. This street-style hat has a grip-tape strap and is imported. Care instructions include hand-washing.
This product has proprietary TechSweat fabric, an elasticized waistband, a hidden waistband pocket, and a 6-inch inseam.
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 on to 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.
Aesop is a luxury perfume brand based in Melbourne and London. 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 an amazing 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 $85 shaving set comes with a 2-ounce bottle of shaving serum and a 2.1-ounce bottle of post-shave lotion.
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)
T3 SinglePass Compact Travel Styling Flat Iron with Cap (White and Rose Gold). Image Credit: Saks Fifth Avenue
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 $89 on Saks’ website.
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 $89.99 on Saks Fifth Avenue!
5. ROYCE New York Zip Leather Card Wallet
ROYCE New York Zip Leather Card Wallet. Image Credit: Saks Fifth Avenue
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 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 around $90 on Saks’ website and can be found in many different colors, including black, red, tan, blush pink, silver, and navy blue.
It’s got Nappa lambskin leather uppers and rubber soles. The open-toe design maximizes breathability and fashion — these slip-on slides are definitely worth lounging around in.
Saks Fifth Avenue is offering these for around $77.99 (retails for around $195).
If you’re looking for new accessories and fashion jewelry to add to your estate, you can get this leather bracelet by Tory Burch.
It’s got a classic design with 18K gold-plated Serif-T logo beads around the bracelet. The bracelet itself is made of leather, and the diameter is around 2.4 inches.
Currently, it’s available for less than $62 on Saks’ website.
A neat tech gadget you can get from Saks Fifth Avenue is 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 through most cases up to 3 millimeters in thickness.
It also comes with a USB-C charging cable and can facilitate either 5W or 7.5W charging.
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 it on your bed linens.
It costs $75 on Saks’ website.
The 7 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. Herschel Supply Co. Tech Daypack
Herschel Supply Co. Tech Daypack. Image Credit: Saks Fifth Avenue
If you tend to be traveling with technology in your backpack, consider getting the Herschel Supply Co. Tech Daypack. The padded fleece laptop and tablet sleeve large enough for a 16-inch laptop, as well as various storage and organizer pockets and airmesh luggage trolley sleeve make it a breeze to be on the go with your technology.
It has a mesh water bottle pocket, a hidden shoulder strap pocket for wireless earbuds, side pocket, and much more. You’ll also notice that it’s made of 100% polyester and is imported.
Currently, you can get yours on Saks’ website for $140.
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.
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. From time to time, the price will drop to $90, too!
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 $150.00.
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.
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 $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 ponying up a small fraction of the cost to get your hands on high-quality footwear.
Final Thoughts
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.
Featured Image Credit: Upgraded Points
Frequently Asked Questions
Currently, the 2 best cards that have the Saks credit are the Amex Platinum card and the Amex Schwab Platinum card.
With each card, you’ll get up to $100 annually in Saks Fifth Avenue credits. From January to June, you’ll get a $50 credit, then from July to December, you’ll get the remaining $50 credit.
No. American Express is known to take back the credit if you attempt to do so.
No. You must make purchases at Saks Fifth Avenue. Its discount store Saks Off Fifth isn’t eligible.
You can use the credit for transactions made online at saks.com. However, you’ll get the credit only if you ship to a U.S. address.
Stephen is an established voice in the credit card space, with over 70 to his name. His work has been in publications like The Washington Post, and his Au Points and Awards Consulting Services is used by hundreds of clients.
Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.
5 comments
Amy
January 17, 2020
The best way to spend the credit is to buy Gift with Purchase beauty/skincare products twice a year. You get lots of free products that can be used as holiday gifts.
Marianne Loconte
January 17, 2022
While reading the contents explaining this benefit, it states you must register first. Where and how do I first register for the Saks Fifth Ave $50 rebate?
Hi Marianne,
You don’t need to register for the Saks Fifth Avenue benefit. Just use your Amex Platinum card at the store and you’ll get a $50 credit twice a year (January-June and July-December).
Jim r
January 24, 2022
That’s not accurate. You first need to enroll under the card benefits section when you sign into your account.
Ahh, yes, you’re right! It’s been so long I’d forgotten you do need to enroll when you first get your card. The good news is you don’t need to re-enroll every six months. Thanks for correcting me!
Any thoughts or questions? Comment below!
Email needed if you'd like comment updates. It will NOT be published.
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.
5 comments
Amy
January 17, 2020
The best way to spend the credit is to buy Gift with Purchase beauty/skincare products twice a year. You get lots of free products that can be used as holiday gifts.
Marianne Loconte
January 17, 2022
While reading the contents explaining this benefit, it states you must register first. Where and how do I first register for the Saks Fifth Ave $50 rebate?
Katie Seemann
January 18, 2022
Hi Marianne,
You don’t need to register for the Saks Fifth Avenue benefit. Just use your Amex Platinum card at the store and you’ll get a $50 credit twice a year (January-June and July-December).
Jim r
January 24, 2022
That’s not accurate. You first need to enroll under the card benefits section when you sign into your account.
Katie Seemann
January 24, 2022
Ahh, yes, you’re right! It’s been so long I’d forgotten you do need to enroll when you first get your card. The good news is you don’t need to re-enroll every six months. Thanks for correcting me!
Any thoughts or questions? Comment below!
Email needed if you'd like comment updates. It will NOT be published.
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