It’s a new year: Your Amex Platinum Saks Fifth Avenue and Dell credits reset today

Jan 1, 2022

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


If you currently have The Platinum Card® from American Express, one of the card’s benefits has just reset: an annual statement credit of up to $100 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. Enrollment required.

Since it’s the new year, you’ll get a fresh, new $50 credit for the first half of 2022. If you’re not sure what to spend your credit on, here are 10 ideas that you can gift yourself or a loved one.

You can use your Amex Platinum Saks credit in person or online. (Photo by Peter Brandt/Getty Images)

Make sure to stack this credit with online shopping portals to earn bonus cash back or miles. Also 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 handy, but even if you don’t, it’s easy to find a few items that cost no more than $50. When you search the sale section, you can sort specifically for items that are less than $50 (so you can bet I’ll be stocking up on a few T-shirts this week).

If you have The Business Platinum Card® from American Express, you’ll get a statement credit of up to $400 for Dell technology purchases made in the U.S. each calendar year. In other words, you’ll get up to $200 in statement credits for January through June and up to $200 in statement credits for July to December. Enrollment is required.

(Photo by The Points Guy)

Here are 10 items you can purchase using your Amex Business Platinum Dell credit.

You’ll want to use up these statement credits no matter which card you have, as they are “use it or lose it” benefits that won’t roll over to the second half of the year.

Additional reporting by Stella Shon.

Featured photo by Isabelle Raphael for The Points Guy.

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