Your Amex Platinum Saks Fifth Avenue and Dell credits reset today

Jul 1, 2021

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Update: Some offers mentioned below are no longer available. View the current offers here – The Business Platinum Card® from American Express

Editor’s note: This post has been updated with new information.


While The Platinum Card® from American Express is one of the most valuable travel rewards cards on the market, it requires a little bit of work to truly maximize it.

The Amex Platinum now comes with a $695 annual fee (see rates and fees), but is slowly returned to you over the course of the year in the form of statement credits. These credits range from airline fees, Uber cash, purchases at select retailers and so much more. Some of these credits are given out monthly, while others are distributed semi-annually and annually. Enrollment required for select benefits.

If you currently have an Amex Platinum, now is the time to take advantage of one of the least talked-about benefits of the card — the up to $100 annual statement credit at Saks Fifth Avenue for U.S. purchases. You’ll receive a $50 statement credit for purchases made between Jan. 1 and June 30 and another $50 for purchases made between July 1 and Dec. 31.

Since today is the first of July, you’ll now have access to your $50 credit for the second half of the year.

(Photo by The Points Guy)

Make sure to stack this with online shopping portals to earn bonus cash back or miles, to keep an eye out for any sales or coupons Saks is offering, along with Amex Offers.

If you frequently shop at Saks, this statement credit will come in especially handy, but even if you don’t, it’s easy to find a few items under $50. If you search the sale section, you can even sort specifically for items under $50 (so you can bet I’ll be stocking up on a few t-shirts this week).

Related: 10 gifts you can buy using your Amex Platinum $50 Saks Fifth Avenue credit

If you have The Business Platinum Card® from American Express instead of one of the personal versions, you’ll get up to a $200 statement credit on Dell technology purchases in the U.S. each calendar year. In other words, you’ll get up to $100 in statement credits for January through June and up to $100 in statement credits for July to December. Enrollment required.

This means Amex Business Platinum cardholders can also access their $50 statement credit for the second half of the year starting today. When this benefit first launched, TPG staffers were able to find thousands of items on sale for under $100, so be sure to check out this post if you need some inspiration (and don’t forget to go through a shopping portal!).

Application link: Amex Business Platinum welcome offer — 100,000 bonus points after spending $15,000 on purchases in the first three months of card membership. 

For more reading on the Amex Platinum, please see:

Related: How our cruise writer got $4,456 in value from his Amex Platinum in a year — even during the pandemic

Additional reporting by Stella Shon.

For rates and fees of the Amex Platinum card, click here.

Featured photo by Wyatt Smith/The Points Guy

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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