Earlier today we posted that American Express has removed the Saks benefit for new cardholders. American Express has now confirmed that the benefit will be removed for existing cardholders starting July 1, 2026. The full American Express statement is as follows:
Starting July 1, 2026, the annual Shop Saks credit on the U.S. Consumer Platinum Card will be removed.
New and existing U.S. Consumer Platinum Card Members can continue to get up to $50 in statement credits for purchases at Saks Fifth Avenue or saks.com on their Platinum Card through June 30, 2026. No minimum purchase required. Enrollment required.
On July 1, we plan to introduce several new and exclusive Amex Offers for Platinum Card Members at top retailers and brands that our Card Members know and love. More details to come soon
Saks has filed for bankruptcy so no huge surprised to see this benefit going away. It’s unclear if this Saks credit will be replaced by a true ongoing benefit like Saks was or just limited time amex offers.
