[Rumor] American Express Saks Fifth Avenue $100 Benefit: Giftcards, Outlets, Restaurants & Saks Off Fifth All Excluded

Now confirmed.

In case you didn’t already know American Express is adding a new benefit to the American Express personal Platinum card where you get a bi-annual $50 credit to Saks Fifth Avenue. You get $50 to spend from January 1st through June 30th and another from July 1st to December 31st. The new benefit will go live on July 1st and requires enrollment. Previously we havAll Linksen’t known what the exclusions are, these haven’t been confirmed but I’m 95% confident they will be as follows:

  • Gift card purchases
  • Outlet stores/Saks Off Fifth
  • Restaurants located within the store

Now in practice you might still be able to make those purchases and get the credit, but the fine print will definitely exclude them. For me the exclusion of gift card purchases makes the benefit significantly less valuable, but it’s better than nothing I guess.

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