AmEx Platinum Card Will Lose Saks Credit Starting July 1

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Here is a list of our partners. AmEx Platinum Card Will Lose Saks Credit Starting July 1 The loss of the benefit comes as the department store chain has suffered financial difficulties. Written by Benjamin Din Benjamin Din Lead Travel Writer & Content Strategist 11 years of experience Expertise Travel credit cards loyalty programs Benjamin Din is a lead travel writer at NerdWallet. He previously was a technology reporter at Politico, where he authored a daily newsletter covering tech and telecom policy.Benjamin loves to travel — both for work and for fun. He’s reported from three continents and visited more than 45 countries. He has written for The Wall Street Journal, Bloomberg News, The Washington Post, The San Francisco Chronicle and The (Johannesburg) Star, as well as covered two Olympics with NBC Sports.His goal is to visit a new country and a new state each year. Published in Edited by Claire Tsosie Claire Tsosie Managing Editor 11 years of experience Expertise Travel credit cards Claire Tsosie is a managing editor for the Travel Rewards team at NerdWallet. She started her career on the credit cards team as a writer, then worked as an editor on New Markets. Her work has been featured by Forbes, USA Today and The Associated Press. Published in other Published Mar 30, 2026 Fact Checked How is this page expert verified? NerdWallet's content is fact-checked for accuracy, timeliness and relevance. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible. More on our editorial rigor SOME CARD INFO MAY BE OUTDATED This page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been provided or reviewed by the card issuer. It’s official: The American Express Platinum Card® is saying goodbye to the Saks Fifth Avenue credit.New and existing cardholders can still use the Saks credit through June 30, 2026, American Express confirmed to NerdWallet. But starting July 1, 2026, the credit — which gives cardholders up to $50 in statement credits at Saks Fifth Avenue in the first half and second half of the calendar year — will be removed from the $895-annual-fee card’s lengthy list of benefits (see rates and fees). Terms apply. 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,” American Express told NerdWallet in a statement. » Learn more: What to know before getting the AmEx Platinum AmEx Offers are limited-time card-linked deals that require activation, typically offering a statement credit after spending a certain amount at an eligible retailer — unlike the Saks credit, which was a predictable, ongoing benefit with no minimum spending requirement. This is the first major change to benefits since the American Express Platinum Card® announced an annual fee hike and introduced new and updated benefits in September 2025.While it’s never a good thing to see cards lose benefits, the loss of the Shop Saks benefit is not too surprising. Its future seemed uncertain after the upscale department store chain filed for bankruptcy in January 2026. Since then, the retailer has shuttered several of its physical locations, and its online inventory has frequently been depleted.Ultimately, the loss of this credit — worth up to $100 annually — is a drop in the bucket compared to the AmEx Platinum’s laundry list of coupon book-style statement credits for customers to use (or forget to use). Cardholders still have access to a slew of travel and lifestyle credits worth thousands of dollars when booking select hotel stays through American Express’ travel portal; at merchants including Lululemon and Uber; and at U.S. restaurants listed on the Resy reservation platform. Terms apply. Enrollment required.Sally French, lead writer and spokesperson at NerdWallet, contributed reporting to this article.To view rates and fees of the American Express Platinum Card®, see this page.How to maximize your rewardsYou want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2026:Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® CardNo annual fee: Wells Fargo Autograph® Card Flat-rate travel rewards: Capital One Venture Rewards Credit CardBonus travel rewards and high-end perks: Chase Sapphire Reserve® Luxury perks: American Express Platinum Card®Business travelers: Ink Business Preferred® Credit Card Explore more onTravel Article sources Article sources NerdWallet writers are subject matter authorities who use primary, trustworthy sources to inform their work, including peer-reviewed studies, government websites, academic research and interviews with industry experts. All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines. 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