American Express Platinum Card Applying $50 ‘Goodwill Credit’ for some new cardholders

American Express is sending out a $50 credit pegged “Saks Benefit Goodwill”. This seems to be showing for those who signed up for the card recently, but not for those who had the card for a while. 

I’m not sure if this is just a goodwill gesture for new cardholders or some sort of legal thing (something to do with charging a first year annual fee and changing benefits in mid-year).

For context, American Express discontinued the $50 twice-year Saks benefit starting yesterday, July 1, 2026. 

Hat tip to reader Jeff

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