Saks points are worth 1 cent each, on average. For example, 10,000 Saks points have a dollar value of roughly $100. As a result, Saks points are less valuable the average department store retail rewards points, which are valued at 1.72 cents each.
The easiest way to calculate the value of a retailer's rewards points for any redemption method is to determine the dollar value of what you're redeeming for, minus any taxes and fees that you'll still have to pay, and then divide that amount by the number of points you're required to redeem. For your convenience, here's the formula for Saks points:
Dollar Value of Redemption Item / Number of Saks Points Needed = Saks Point Value
How to Earn More Saks Points
It's important to remember that while you can't change the redemption values of Saks points, you can increase the rate at which you earn them. One of the best ways to increase the number of Saks points that you earn is to apply for either the Saks Mastercard or the Saks Store Credit Card. That can also help you reach a higher status tier in the SaksFirst program, further boosting your earning potential.
Saks Points vs. The Competition
|
Rewards Program |
Average Point Value |
Value of 1,000 Points |
|
1 cent |
$10 |
|
|
5 cents |
$50 |
|
|
1 cent |
$10 |
|
|
1 cent |
$10 |
|
|
5 cents |
$50 |
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