The Offer
- Get a one time $100 statement credit when you spend a minimum of $450+ in one or more transactions in-store at Saks Fifth Avenue or online at saks.com by December 31st, 2016
The Fine Print
- Valid until December 31st, 2016
- Excludes restaurants location within the store, online bill pay for Saks Credit and corporate gift cards
- Not valid at outlet locations (in store and online)
Our Verdict
Saks Fifth Avenue gift cards are currently selling for 83% of face value. If you purchase $450 in gift cards then you could resell this for $373.5 with a profit of $23.5 per card that has this offer (this doesn’t include any points/cash back you’d earn on the card as well – I expect rates to slightly drop though. Last year it dropped to 81% after a similar offer).
As far as I know no portals are currently earning cash/points back on Saks Fifth Avenue purchases, but it probably doesn’t hurt to go through a portal and hope for the best anyway (best rates here). If you’re new to amex offers or have any questions, please consult this post first. We also already briefly discussed this offer here, thought it was worth it’s own post due to the resale angle.
