The American Express Platinum Card\u00ae is losing a statement credit at the end of this month. If you haven’t used it yet, now is the time to do so.<\/p>\n
Amex is saying goodbye<\/a><\/span> to the Platinum card’s biannual Saks Fifth Avenue statement credit* on June 30. The news came in March, after Saks Global (the parent company of Saks Fifth Avenue) filed for Chapter 11 bankruptcy<\/a><\/span> in January.<\/p>\n Cardmembers who haven’t yet used their January-June credit still have up to $50 available before the benefit is discontinued.<\/p>\n Keep in mind that Saks generally doesn’t charge your card until an item ships. Because the benefit ends June 30, don’t wait until the last minute to make a purchase. To maximize your chances of receiving the credit, consider placing your order at least a week before the deadline.<\/p>\n Here’s what to know, and ways you can maximize it.<\/p>\n *Enrollment required.<\/em><\/p>\n The Saks Fifth Avenue statement credit provided up to $100 in annual statement credits, issued as up to $50 from January through June and up to $50 from July through December. Since the statement credit ends June 30, Amex Platinum cardmembers will only have $50 to use this year.<\/p>\n You have to be sure that you’re enrolled in the benefit before you make your purchase. So, be sure to head to the “Rewards & Benefits” tab on your online Amex account before shopping.<\/p>\n If you haven’t used the statement credit yet, keep in mind these general rules:<\/p>\n Related: Your guide to the Amex Platinum Saks Fifth Avenue statement credit<\/a><\/span><\/strong><\/p>\n Since Saks is known mostly for luxury brands, items can be quite expensive.<\/p>\n Generally, we recommend checking sale items and smaller-ticket products, such as beauty products, accessories and children’s clothing, to find items priced at $50 or less.<\/p>\n Here are some items I found on a quick search. Note that sizes and availability may vary, and items tend to go out of stock very quickly.<\/p>\n You can stretch the value of the credit further by stacking it with a shopping portal<\/a><\/span> such as Rakuten<\/a><\/span>. By using these services, you may earn additional points or cash back.<\/p>\n Related: How to maximize benefits with the American Express Platinum<\/a><\/span><\/strong><\/p>\n Unfortunately, the biannual Saks Fifth Avenue statement credit is expiring on June 30. But if you haven’t used it yet, you still have a few days to redeem it.<\/p>\n Just remember to enroll before you shop and keep the $9.95 shipping fee in mind (unless you spend more than $300).<\/p>\n To learn more, read our full review of the Amex Platinum<\/a><\/span>.<\/p>\nHow to use the Amex Platinum’s Saks Fifth Avenue statement credit<\/h2>\n
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What to buy at Saks Fifth Avenue for $50 or less<\/h2>\n
![\"Saks](\"https:\/\/runway-media-production.global.ssl.fastly.net\/us\/originals\/2026\/06\/Screenshot-2026-06-12-at-3.24.59%E2%80%AFPM.png?width=3840\"\/)
<\/div>Bottom line<\/h2>\n