Great Deal: Score A HUGE Discount On A Saks Purchase

Filed Under: Great Deals
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While this blog isn’t usually about shopping, here’s a great opportunity to stack two (or more) promotions and get a great deal using a credit card benefit.

Earlier this year The Platinum Card® from American Express ($550 annual fee) added a cool new benefit. The card now comes with a $100 annual credit for Saks purchases — you get a $50 credit that can be used between January and June, and a $50 credit that can be used between July and December. Registration is required.

I know I haven’t used my credit yet, so I’ve been trying to decide how to use it. I guess in this case waiting paid off, because Saks has a pretty awesome promotion.

Specifically, you can receive a $75 gift card when you make a $150 purchase. This is available online today (November 22) and available online and in-store tomorrow (November 23).

In order to be eligible, you need to use promotion code THANKFUL at check-out.

This means that if you buy $150 worth of stuff and haven’t yet used your Amex Platinum Card credit you’d end up paying $100, and you’d get a total of $225 worth of stuff.

The catch is that you have to use the $75 gift card between December 3 and December 9, 2018, so the window in which you can use it is fairly limited. The gift card can be redeemed in-store or online. Furthermore, you need to spend $150 pre-tax and pre-shipping. You’re also limited to one gift card per person, and beauty and fragrance purchases on are excluded.

Given the exclusions with the promotion as far as what purchases you can make, I’ll copy the full terms and conditions, so that everyone knows what they’re getting into (in particular you’ll want to look at the second paragraph, which excludes certain brands):

GIFT CARD OFFER NOT VALID ON PRE-ORDER ITEMS OR ON INTERNATIONAL ORDERS. Beauty and Fragrance excluded from purchases. Valid on purchases from 11/22/18 at 12:01 am (ET) through 11/23/18 at 11:59 pm (ET). Valid on catalog and Saks Fifth Avenue store purchases on 11/23/18. Excludes some designer collections, leased collections, beauty salons, Saks Fifth Avenue OFF 5th stores,, gift card, charitable merchandise and Saks employee purchases and those shopping with a Saks Fifth Avenue discount card. No adjustments to prior purchases. Gift cards valid from 12/3/18 through 12/9/18 and are redeemable in Saks Fifth Avenue stores and on Cannot be combined with any other offer. Adjustments made to the gift card for returned merchandise. Limit 1 gift card per person. Total spend excludes gift wrap, promotional and loyalty gift cards, pre-order merchandise at, taxes and shipping. Present your total day’s receipts in the designated area for in-store purchases. Enter promotional code THANKFUL for catalog and purchases. Purchases made at Saks Fifth Avenue stores, at and in the catalogs cannot be combined.

Designer Exclusions (Certain categories of merchandise are excluded): Aesop, Akris, Alterna, Azzedine Alaia, Baby Zen, Balenciaga, BCI Designer Fur, BCI Furs, BCI Fur Storage, Beaumont Kitchen, BEAUTY EXPRESS, Blink Brow Bar, Bric’s, Brunello Cucinelli, Buffo, Bugaboo, Canada Goose, Cartier, Casa Tua, Céline, Centerplate, CHANEL, Charvet, Chloé, Christophe Robin, Christian Dior, Christian Louboutin, Christopher Kane, Comme des Garcons, Common Projects, David Yurman, DeLeo Watch Repair, Dior, Dries Van Noten, Dyson, EB Florals, Ergobaby, Ermenegildo Zegna, Eton, Eveline Charles Salon, FaceGym, Fendi, Filson, Gastronomy Restaurant, GHD, Giorgio Armano, Givenchy, Graff, Grille 5115 by Ruggles, GRILLE 515, Gucci, Heat Makes Sense, HUGO BOSS, Jil Sander, John Allan’s, John Donato Salon, JUICEBAR, Kate Spade New York, Kiton, Leather Spa, LENA, Leonor Greyl, Greyl Paris, Living Proof, Loro Piana, LOUIS VUITTON, Louise Galvin, Maclaren, Maison Margiela, Malin + Goetz, Mary Katrantzou, Mason Pearson, Maxi Cosi, MICHAEL Michael Kors, Miu Miu, Monique Lhuillier Bridal, Moroccanoil, Movado, Movado Edge, Nicole Benisti , Nina Ricci, Nuna, Off-White, Oscar de la Renta, Piaget, Prada, Premiere Salons, Proraso, Pusateri’s, R+Co, Raincry, Ralph Lauren Collection, Ralph Lauren Purple Label, Remodelage, Rimowa, Rochas, S.F.A. RESTAURANT, Sacai, Saint Laurent, The Salon Project by Joel Warren, Samsonite, Sarah Potempa, Shinola, SKINNEY Medspa, Stokke, StriVectin, Sundays Nail Studio, T3, TED GIBSON & CO, The Row, Tilly’s Tea Room, Tonya Jones SalonSpa, Ugg, UPPABaby, US VISION, Valentino, Venus Et Fleur, Vera Wang, Versace, Vionnet, Vitamix, Zegna. Additional exclusions may apply in store.

Lastly, while the terms state that the offer “cannot be combined with any other offer,” I imagine this doesn’t include a shopping portal, which has typically been allowed in conjunction with offers like this, as far as I know. If that’s the case, here are your options for which portals you can go through. It seems like the best option is earning an extra eight Avios per dollar spent.

This is a great offer that I plan on taking advantage of, given that I have the Amex Platinum credit to spend. Now I just need to figure out what to buy at Saks.

Do you plan on taking advantage of this great offer?

(Tip of the hat to Doctor Of Credit)

Regarding Comments: The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
  1. We used our credits to buy S’well water bottles. They are tough to find on sale most times of the year. Saks is one of the few stores I’ve seen them on sale so they were even cheaper there than most other retailers.

    I take one pretty much everywhere I go.

  2. Really, the better way to think about this is that it’s a total $125 discount split over two purchases.

    The idea that you will get $225 of “value” for $100 is only true if you spend exactly $150 on the first purchase and exactly $75 on the second (assuming of course that your first purchase is not an item that falls into one of the excluded categories).

    And really, once you add sales tax (say, 7%), it’s more like you will need to spend ~$110 for ~$220 of value.

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