Happy New Year! Your Amex Plat Saks Fifth Avenue and Dell credits reset today

Jan 1, 2021

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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. That’s because the card comes with a massive $550 annual fee (see rates and fees), which is slowly returned to you over the course of the year in the form of statement credits for airline fees, Uber, and even purchases at select retailers.

If you currently have an Amex Platinum, it’s 2021, so now is the time to take advantage of one of the least talked-about benefits of the card — the $100 annual statement credit at Saks Fifth Avenue. 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.

(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. Right now, you can get free shipping on all orders with promo code FREESHIP, freeing up more of your $50 credit to make an actual purchase.

If you frequently shop at Saks, this discount will come in especially handy, but even if you don’t, it’s easy to find a few items under $50 you can get free and clear. 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, your semi-annual statement credit will get you up to $100 back on Dell technology purchases in the U.S. 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!).

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

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

Featured photo by Wyatt Smith/The Points Guy

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,650

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

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