Posted by William Charles on June 27, 2018
Credit Cards

Published on June 27th, 2018 | by William Charles

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[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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Max
Max

Is there any way for them to exclude gift cards?

AL
AL

Yeah, level 3 data.

J
J

Is that even legal?

Leo
Leo

Hahaha. Which rock have you been under?

icemule1
icemule1

You said “New benefit to the American Express personal Platinum card where you get a bi-annual $50 credit to Saks Fifth Avenue.”

You mean semi-annual. Bi-annual means once every two years.

Vince
Vince

This is not correct. Biannual means twice every year.

YB
YB

I get paid biweekly, and I receive salary every two weeks. So biannual means once every two years.

Miss Spellings
Miss Spellings

Interestingly enough, biweekly can mean either twice a week or once every two weeks.

tung_twista
tung_twista

Biannual is twice a year
Biennial is once every two years.

Vic
Vic

Thank you, never knew this (biennial) before

Vince
Vince

+1

usernamechuck
usernamechuck

biannual [bahy-an-yoo-uh l]
1. occurring twice a year; semiannual.
2. occurring every two years; biennial
http://www.dictionary.com/browse/bi-annual

GL
GL

Is it for in-store or online purchases, or both?

Bo
Bo

Credit will work both in store and online

Vic
Vic

I guess you could always purchase and return the item for store credit (GC) to liquidate the Amex credit. It’s more time consuming and generally considered shittychurning tho for inconveniencing the merchant.

J
J

Unless the merchant can do split refund to store credit and Amex card, it’d a pita to find something under $50 and may not worth the effort to return it once you find one.

Matt
Matt

95% confident? How did you come to that percentage? Lol.

SRT
SRT

June 31st 😀 🙂 LOL

Darvin Ray
Darvin Ray

If you cant buy store gift cards. it seems less or no valuable indeed.

P
P

$500 for a sweater?!
Maybe I can buy a pair of socks instead. Or a can opener, if they even sell that.
Or maybe just a reusable bag with the Saks name and logo.

Leo
Leo

Or pay shippping on a box of SFAir.

h xu
h xu

I think it would be processed as coupon just like Uber credit

NinjaX
NinjaX

everyone knows TC dont mean anything. its actuals and enforcement.

Chicagoan33
Chicagoan33

Hi would you all suggest if buying online, register July 1st, wait until July 2nd to order? Or maybe register in the morning and order in the evening. Also Shoprunner has free 2 day shipping and returns.

Calvin
Calvin

Hope it will just like the airline credit.
No giftcard allowed in the terms.
But get credit back in reality.

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