Jan 9, 2022, 12:55 pm
Last edit by: mia
Previous thread is HERE.
$50 statement credit for purchases made at Saks. Enrollment required prior to purchase.
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:
$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.
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)
- 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...)
Personal Platinum (USA) Saks 5th Ave $50 credit Jan-Jun and Jul-Dec each year.
May 9, 2022, 7:09 pm
#107
Join Date: Nov 2007
Programs: Marriott Bonvoy Platinum, Hilton Honors Diamond, Delta Gold
Posts: 4,347
May 28, 2022, 11:17 am
#109
Join Date: Oct 2007
Posts: 30
I was curious, in the Wiki it clearly says Physical Gift cards in store are reimbursable. When I enrolled for this offer on the AMEX site it clearly says "Not valid on Saks Fifth Avenue Gift Cards", Is this a glitch in the system and is there a chance of a clawback?
May 29, 2022, 5:15 pm
#111
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
May 29, 2022, 9:57 pm
#112
Join Date: Oct 2007
Posts: 30
I thought I was very clear. Has anyone ever had a clawback doing this or is it possible there would be a clawback?
May 29, 2022, 10:21 pm
#113
Join Date: Nov 2007
Programs: Marriott Bonvoy Platinum, Hilton Honors Diamond, Delta Gold
Posts: 4,347
Hope that answers your question.
May 29, 2022, 10:24 pm
#114
Join Date: Jan 2019
Location: SAN, BOS
Programs: AS MVPG100K, BAEC Gold, Hilton Diamond, Bonvoy Plat,
Posts: 2,281
May 30, 2022, 6:59 am
#115
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Yes, it is possible in the sense that Saks or American Express could change an algorithm, but purchasing physical gift cards has worked reliably. This is a zero risk transaction. You pay $50 for something that is worth $50. If it isn't reimbursed, or if the reimbursement is clawed back, you still have $50.
May 30, 2022, 9:26 pm
#117
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,134
Yes, it is possible in the sense that Saks or American Express could change an algorithm, but purchasing physical gift cards has worked reliably. This is a zero risk transaction. You pay $50 for something that is worth $50. If it isn't reimbursed, or if the reimbursement is clawed back, you still have $50.
LAX
May 31, 2022, 8:11 am
#118
Join Date: Mar 2012
Location: PHL
Programs: AA ExP, Marriott Amb, National EAE, Hilton Diamond, SPG Plat (RIP), US CP (RIP)
Posts: 2,379
Saks isn’t overpriced for everything. Maybe they carry brands you may not buy. I’ve found many items at the same price elsewhere. And at or near the $50 mark.
May 31, 2022, 9:45 am
#119
Join Date: May 2005
Location: Los Angeles
Posts: 600
The prices for those items at Saks are the same at most other places that sell said items.
May 31, 2022, 9:57 am
#120
Join Date: Feb 2006
Posts: 1,063
July is fast approaching and I am planning to dump one of my Platinum cards in August.
I know I could buy more hand sanitizer and soap, but I am getting quite a stockpile. I guess I am not dirty enough......
