$50 statement credit for purchases made at Saks. Enrollment required prior to purchase.

• This benefit is available twice a year, once from Jan-Jun and once again from Jul-Dec.
• Use it or lose it, does not rollover or accumulate. There is no "meter" to track how much you've spent. Check your statement for credits.
• Per AMEX CS chat the transaction date is what determines whether a purchase is reimbursed from the Jan-Jun benefit or the Jul-Dec benefit.
• Actual experience from 2019: first-half purchase submitted only 6/27, shipped 6/29, went from pending to posted on 7/1 (but dated as 6/29), credit posted on 7/1, was able to use second $50 credit a week or two later
• Purchases by Additional Card Members (both the $175 Plat-colored and free Gold-colored) will be reimbursed also, but only up to an aggregate $50 per Account.

CAUTION: A note about Saks online shipping (particularly if ordering very close to the end of June or end of December):
Online orders do not charge until shipped. Many items are carried in-stock by Saks and eligible for ShopRunner shipping - data points suggest that these will charge and ship quickly.
However, many other items on Saks(dot)com drop ship from the manufacturer. For these, expected delivery dates may not be reliable, are not guaranteed, and orders cannot be cancelled easily.
If you place an online order close to the end of an Amex credit period, there is a risk that your item may not ship (and Amex will not be charged) until after the end of the credit period.

Note on shipping & billing times: If a product shows that ShopRunner shipping is available, it is shipped by Saks and is likely to ship and bill quickly. If there's no ShopRunner option, it is likely drop-shipped from the manufacturer meaning the shipping date and actual charge date will be further out.

Things known to count for the credit:

• Merchandise purchased in Saks stores or online
• Physical gift cards purchased in-store
• Physical gift cards purchased online (min $150)

Things that do not get reimbursed:

• e-gift cards (these are fulfilled by a different vendor)
• anything bought at "Saks Off 5th" (however, you can use a Saks gift card at Off 5th...)