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If you hold The Platinum Card® from American Express, now is a fantastic opportunity to use some of your biannual statement credits!
Rakuten is running their annual Big Give promotion awarding increased cashback awards at eligible merchants — and Saks Fith Avenue is one of them: 15% cashback (or 15X American Express® Membership Rewards®) at Saks!
UPDATED, MAY 9: Saks Fifth Ave is not a 15% cash back merchant today.
Plus, new members can earn $40 bonus cashback when signing up for Rakuten via a referral link. (Thank you!! Join by May 15 and earn $40 bonus cashback when you spend $40 within 90 days. Terms apply.)
This is part of Rakuten’s Big Give Week promotion. Saks likely won’t be a 15% cash back participant all week. I don’t know if it’s just today or maybe we’ll see them with some regularity this week.
Amex Platinum Card: Saks Fifth Avenue
The Platinum Card® from American Express members can earn up to $50 in statement credit from January through June on eligible purchases made through Saks Fifth Avenue. Then another $50 from July through December. (Cardholders must manually activate the perk via their Amex account. Terms apply.)
You can earn 15% cashback when you start your online shopping session through Rakuten. That should stack with your Amex statement credit perk and any other available Saks Amex Offers you added to the card. It’s entirely possible to make money purchasing merchandise from Saks.
This never ceases to amuse me: so many people B.M.W. about the Saks Fifth Avenue feature on their Amex Platinum card. First, if you can afford the card’s annual fee or figure out how to offset it, this isn’t a problem.
Not sure what to buy at Saks? Here are some ideas to get you started. There are also some great suggestions in that post’s Comments section!
(If you’re a nudist who insists on not bathing, eschews deodorant, and can’t stand cologne or perfume, then the Amex Platinum Card and Saks benefit probably aren’t for you.)
This might help: How to earn back (and then some!) the Amex Platinum Card’s annual fee
Not a Rakuten Member? Earn an Additional $40 Very Quickly
Rakuten is running a great, limited-time promotion: earn $40 cashback after spending $40 within 90 days of signing up. (You can also choose to receive the $40 as 4,000 Amex Membership Rewards points). (We’re happy to refer to you. Thank you!)
So if you don’t yet have a Rakuten membership, sign up now for free. If you haven’t used your Saks credits, consider buying something this week (again, start your shopping session through Rakuten). Spend your statement credit benefit. You’ll earn the $40 promotional cashback and 15% of your purchase price at Saks.
Better Rakuten Promotions Coming?
I don’t remember ever seeing anything better than 15% cashback for Saks. So, I’d strike while the iron is hot.
To see rates and fees for The Platinum Card® from American Express, please visit this link. Terms apply.
Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Today 5/9 they only show 2% cashback. Too bad because I was going to try this!
Same
Same
Got 15% off new glasses plus 30% off promo code from Rakuten! Love this.
I’m not a nudist but am generally pretty frugal and non-fashionable. I also don’t like perfume/cologne and due to the non-fashionable thing I never buy clothing as a gift. I do, however, have a house. Saks sells some nice housewares that are not too obscenely priced. I always manage to find something around 50 bucks in that category.
My wife needs a particular item that’s practical for everyday use. So, I went to Saks’ website, found a bunch within a reasonable price range (not cheap but also not something that’s ridiculous), and let our six-year-old daughter pick from a selection of those choices. That will be my love’s Mothers Day gift.
I’m always curious how things are going nowadays
I love my American Express cards thank you for allowing me to be your customer
We’re not an American Express website or employed by them — but my guess is they appreciate your kind words.