UMVA has learned that a popular credit benefit is on the verge of disappearing, and cardmembers are racing against the clock to take advantage of it.
The American Express Platinum Card's biannual Saks Fifth Avenue statement credit is set to expire on June 30, leaving cardmembers with a limited window to utilize the remaining $50 credit. This benefit, which provided up to $100 in annual statement credits, issued as up to $50 from January through June and up to $50 from July through December, will be discontinued after June 30.
Cardmembers who haven't yet used their January-June credit still have a chance to tap into the $50 available before the benefit is discontinued. However, it's essential to act quickly, as Saks generally doesn't charge your card until an item ships, and processing times may take a week or more.
To maximize the chances of receiving the credit, cardmembers should place their order at least a week before the deadline. Additionally, enrollment in the benefit is required before making a purchase, so be sure to check the "Rewards & Benefits" tab on your online account before shopping.
When using the statement credit, keep in mind that there's no minimum purchase required to trigger the credit, but gift card purchases are not eligible. The statement credit is only valid for purchases made at Saks Fifth Avenue online or at locations in the U.S. and U.S. territories.
For those looking to make the most of their $50 credit, consider exploring sale items, beauty products, accessories, and children's clothing, which can often be found at lower price points. Some examples of items that can be purchased with the credit include the Chantecaille Pure Rosewater Travel Face Mist for $45, Good American Good Legs Crop Skinny Jeans for $48, and Dior Addict Glass Lipstick for $48.
Cardmembers can also stack the credit with shopping portals like Rakuten to earn additional points or cash back. By taking advantage of these services, cardmembers can stretch the value of their credit even further.
With the biannual Saks Fifth Avenue statement credit expiring on June 30, cardmembers must act quickly to redeem their credit. By enrolling in the benefit, making eligible purchases, and taking advantage of shopping portals, cardmembers can make the most of this limited-time opportunity.
