Conquer the Saks Credit: From Platinum Card Headache to Hidden Gem
Let's be real: the American Express Platinum card is legendary for its perks, but that Saks Fifth Avenue credit? It's the one that haunts every cardholder. Many cardholders would tell you that it's the hardest one to use. But fear not! I'm here to turn you into a Saks credit ninja, extracting maximum value from this elusive benefit.
The Saks Credit: A $100 Challenge (Divided in Two)
Here's the deal: The Amex Platinum Card gifts you a total of $100 annually, but it's split into two $50 credits – one for January-June, and another for July-December. To benefit from this, you must have a Platinum card and you have to enroll in this credit in order to be able to use it.
You can redeem it in person at Saks Fifth Avenue stores or online at Saks.com.
The Gift Card Loophole (R.I.P.)
In the past, savvy users exploited the gift card trick – buying a $50 Saks gift card in-store. However, it seems like Saks has caught on, making this method less reliable.
Shopping Online: The Key to Success (with Caveats)
The good news? You don't have to brave the actual Saks store. Saks.com is your playground. The bad news? You don't get free shipping unless you hit a certain spending threshold (around $200).
Saks Survival Guide: Navigating the High-End Maze
Saks is notorious for its sky-high prices, which makes it challenging to find items that fit the $50 credit. So, how do we conquer this retail beast?
1. Sales are Your Best Friend
Right now, there's a coupon for 25% off one full-price item. This is your opportunity to find a really good deal.
2. Think Outside the Designer Box
Forget the $440 polo shirts and the graffitied $145 tees. We're hunting for value.
3. Compare, Compare, Compare!
Just because it's on sale at Saks doesn't mean it's the best deal. A little research goes a long way.
Kitchen Supplies: The Secret Weapon?
Surprisingly, kitchen items often offer the best value. I spotted a Zilling Fresh & Save glass food storage container on sale for $59 (originally $69).
The Amazon Test:
A quick Amazon search revealed the same container selling for $49. But the $9.95 shipping from Saks effectively makes it "free" with the credit.
The Verdict:
While you're not saving the full $50, you are getting something you might have bought anyway for just $10 out of pocket. This is a win!
More Hidden Gems:
Other potential winners:
Stahl Ceramic Baking Dishes: On sale for $59.99, but comparable prices at other retailers.
Polo Ralph Lauren Shorts: Decent deals can be found, but check Macy's and Polo's website for better prices.
Grooming and Cologne: Standard department store fare, but sales can yield worthwhile finds.
Home Goods: Candles, books, and kitchenware offer surprising opportunities.
Kitchen Shears for $40
The Strategy: Targeted Shopping
Focus on Sales: Ignore the full-price items (unless there's a killer coupon).
Consider Practical Needs: What do you actually need or want?
Don't Be Afraid of "Everyday" Brands: Polo Ralph Lauren, Hinkles kitchen shears
The Mindset: Icing on the Cake
Think of the Saks credit as bonus icing. Don't rely on it to justify the Platinum card's annual fee. Focus on the streaming, airline, and FHR credits first. If you squeeze $80 of Saks value per year? Consider it a victory.
The Bottom Line: It's Possible!
The Saks credit isn't easy, but with a strategic approach, you can definitely unlock its value. Ditch the gift card myth, embrace the sales, and think practically.
Now it’s your turn:
Have you cracked the code on the Saks credit?
What hidden gems have you discovered?