How does the Amex Platinum Saks credit work? This question is about The Platinum Card® from American Express

How does the Amex Platinum Saks credit work?

This question is about The Platinum Card® from American Express

Cate Langs, Member

@catelangs • 05/27/22 This answer was first published on 05/27/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The American Express Platinum card Saks credit is $100 per year toward Saks Fifth Avenue purchases, awarded in two installments: a $50 statement credit from January through June, and a $50 credit from July through December.

Cardholders must first enroll at the American Express Platinum card benefits portal in order to receive the American Express Platinum card Saks credit. Once enrolled, shoppers can apply these credits to Saks Fifth Avenue in-store and online purchases made with the American Express Platinum card. No minimum purchase is required.

American Express Platinum card Saks Credit Limitations

The American Express Platinum card Saks credits will post to your account about 2 to 4 weeks after you make a qualified Saks Fifth Avenue purchase. Keep in mind that unused American Express Platinum card Saks credits do not roll over to the next six-month period. In addition, credits do not apply to Saks Fifth Avenue gift cards or purchases at the outlet Saks OFF 5^th Avenue, either in-store or online.

Ultimately, primary cardholders and authorized users can both apply credits to Saks purchases, but only up to a combined $100 annually.

Is Amex Platinum worth the annual fee?

Yes, Amex Platinum is worth its $695 annual fee if you qualify for its initial bonus and take full advantage of benefits such as airport lounge access and airline fee credits. To earn the 80,000 points initial bonus, you need to spend $8,000 in the first 6 months your Amex Platinum account is open.

Amex Platinum cardholders who earn the initial bonus and use the card regularly could earn over $1,600 in net value (rewards and...

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What credit score do you need for an American Express Platinum card?

The American Express Platinum card credit score requirement is 700 or higher. This means applicants need good credit or better to be approved for the American Express Platinum card in most cases. If you don’t know where you stand, you can check your credit score for free, right here on WalletHub. To gauge your odds of approval, you can also check to see whether you pre-qualify for American Express Platinum card offers.

The American Express Platinum card credit score requirement isn’t the only thing that determines whether you’ll be approved, though....

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