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$50 credit at Saks 5th Ave every 6 months with Plat card (2018 - 2021)

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Old Jul 3, 2019, 8:56 am
FlyerTalk Forums Expert How-Tos and Guides
Last edit by: rrgg
$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...)
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$50 credit at Saks 5th Ave every 6 months with Plat card (2018 - 2021)

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Old Sep 11, 2019, 8:23 pm
  #511  
 
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Originally Posted by joe_miami
Can one buy a $50 gift card at any Saks and trigger the credit or is it a U.S.-only thing? (I know the exchange rate would be a consideration.)

Also, can Saks in-store gift cards be purchased in any amount or are they set amounts ($50, $100, etc.)? Thanks.
You can only buy gift cards at Saks in the USA or online.
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Old Sep 11, 2019, 8:27 pm
  #512  
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Originally Posted by Global Adventurer
You can only buy gift cards at Saks in the USA or online.
Thanks.
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Old Sep 11, 2019, 9:23 pm
  #513  
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Originally Posted by joe_miami
Also, can Saks in-store gift cards be purchased in any amount or are they set amounts ($50, $100, etc.)? Thanks.
They're not denominated, so you can tell them how much you want to buy.

Originally Posted by Global Adventurer
You can only buy gift cards at Saks in the USA or online.
... including US territories according to the T&C (just to spell it out). Which, after playing aronud with the store locator, I guess functionally means just Puerto Rico?
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Old Sep 11, 2019, 9:35 pm
  #514  
 
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Originally Posted by Diplomatico
That's one perspective. I view it as "spend $25 of your own money to get 500 AA miles"......that's five cents per mile. I wouldn't buy AA miles at that rate (nor should anyone else.)

No matter how hard I try, I can't make the math work where your example earns 26 AA miles per dollar spent.
It wasn't my math, but it's pretty clear. The AA portal presently pays 2 points per Saks purchase. That's the minimum. I've seen it elevated to 6x or 8x in the past. On a $75 purchase that's an additional 150 points on top of 500 bonus for a transaction north of $75 in the next few days. That's 650 miles total for a purchase that will set you back $25 (plus the $50 SAKS credit). 650 miles divided by $25 is the 26 AA miles per dollar.
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Old Sep 11, 2019, 11:58 pm
  #515  
 
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Indeed, Moon!
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Old Sep 12, 2019, 8:51 am
  #516  
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Originally Posted by MoonOverMiami
It wasn't my math, but it's pretty clear. The AA portal presently pays 2 points per Saks purchase. That's the minimum. I've seen it elevated to 6x or 8x in the past. On a $75 purchase that's an additional 150 points on top of 500 bonus for a transaction north of $75 in the next few days. That's 650 miles total for a purchase that will set you back $25 (plus the $50 SAKS credit). 650 miles divided by $25 is the 26 AA miles per dollar.
Duplicitous math, at best. One can't calculate the bonus points based upon a $75 purchase and then claim the number of miles earned is based upon a $25 purchase amount. Since the math, as presented by you, is calculating the bonus points earned based upon $75 dollars spent then it's 650/75 = 8.67 AA miles per dollar spent, not 26 AA miles per dollar spent.

That's why it's not "pretty clear".....because it's "pretty wrong."
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Old Sep 12, 2019, 9:02 am
  #517  
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Originally Posted by Diplomatico
.... One can't calculate the bonus points based upon a $75 purchase and then claim the number of miles earned is based upon a $25 purchase amount.
One can if there is a $50 credit to offset a portion of the $75 purchase required to earn the bonus.
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Old Sep 12, 2019, 9:06 am
  #518  
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Originally Posted by mia
One can if there is a $50 credit to offset a portion of the $75 purchase required to earn the bonus.
It's not really a free $50, though. It's baked into the $550 AF, just like the (now) very-difficult-to-use airline credit.
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Old Sep 12, 2019, 9:08 am
  #519  
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Originally Posted by mia
One can if there is a $50 credit to offset a portion of the $75 purchase required to earn the bonus.
One can but the original premise would still be incorrect. Sorry.

There was $75 spent to earn those bonus points. If you want to make a revisionist argument that "oh, what he meant was it's really 26 AA miles per dollar spent out of pocket", go right ahead. But that isn't how it was originally presented.

Last edited by Diplomatico; Sep 12, 2019 at 9:14 am Reason: Wording
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Old Sep 12, 2019, 9:18 am
  #520  
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Originally Posted by joe_miami
It's not really a free $50, though. It's baked into the $550 AF, just like the (now) very-difficult-to-use airline credit.
Agreed - the term is "included" not "free".
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Old Sep 12, 2019, 10:20 am
  #521  
 
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Originally Posted by Diplomatico
One can but the original premise would still be incorrect. Sorry.

There was $75 spent to earn those bonus points. If you want to make a revisionist argument that "oh, what he meant was it's really 26 AA miles per dollar spent out of pocket", go right ahead. But that isn't how it was originally presented.
Out of pocket is synonymous with "spent" when dealing with a sunk cost like the Saks credit. For $25 spent you can have $75 in product and 650 miles.
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Old Sep 12, 2019, 10:36 am
  #522  
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Originally Posted by Gig103
Out of pocket is synonymous with "spent" when dealing with a sunk cost like the Saks credit. For $25 spent you can have $75 in product and 650 miles.
The Saks credit isn't a sunk cost. A $50 gift card can be resold for at least $40.
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Old Sep 12, 2019, 10:53 am
  #523  
 
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Originally Posted by joe_miami
The Saks credit isn't a sunk cost. A $50 gift card can be resold for at least $40.
True, but that means going TO a Saks store to buy that gift card (as the online store minimum for a gift card is, I believe, $250).

Rick
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Old Sep 14, 2019, 11:09 am
  #524  
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Has anyone tried returning an item that triggered the $50 credit? If yes, was the credit reversed?
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Old Sep 14, 2019, 11:15 am
  #525  
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Originally Posted by margarita girl
Has anyone tried returning an item that triggered the $50 credit? If yes, was the credit reversed?
Yes. (Legit return; wasn’t trying to game the system.)
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