American Express Platinum gets a GREAT new benefit

American Express Platinum gets a GREAT new benefit

Everyone who reads our blog by now SHOULD know we LOVE our AmEx Platinum charge card.  In fact, we’ve written a dedicated post about it by clicking here.

AmEx just announced a new benefit today and it’s another great way to offset the annual fee.

Who’s ready to do some shopping at Saks Fifth Avenue?

The personal versions (co-branded plt cards like Mercedes, Schwab, etc) of the American Express Platinum card is adding a new benefit, you’ll now get an annual $100 Saks Fifth Avenue credit. $50 to spend during January to June, and $50 to spend July through September.

Starting July 1, U.S. platinum card members can access enrollment for “Shop Saks with Platinum” by logging onto their American Express account by clicking here. There is no minimum purchase amount needed, although terms and limitations apply.

American Express Platinum Charge Card Adds annual $100 Saks Fifth Avenue Benefit

The new program, which will begin on July 1, is called “Shop Saks with Platinum.” This benefit does need registration in July at this link, similar to the way we register for the $200 airline credit.

The benefit will not apply to the business version of the Amex Platinum card.

You’ll shop at  Saks Fifth Avenue then receive a $50 statement credit  within 2-4 weeks. It will work online and in-store.

Bottom Line

This is a great new benefit and another way to offset the annual fee of $550.

Now the $550 Platinum annual fee comes with the following credits (along with all other Platinum benefits):

  • $200 airline incidental credit
  • $200 in Uber credits over the course of the year ($15 each month and $20 December only)
  • $100 Saks credit
  • $100 Global Entry application credit, or $85 TSA PreCheck credit every 4 years
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