The Amex Platinum Card is about to lose one of its benefits. Jun 30 is the final day for this benefit in case you’re looking to use it. However, given Saks’ own financial woes, I would recommend that you use it right away in case you haven’t done so already. Saks has been facing inventory issues so order cancellations and delays may be the norm rather than an exception, given the fact that they’ve just announced that they’ve gone bankrupt. American Express is yet to announce a replacement benefit once this goes away on July 1, 2026.
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Amex Platinum Card Benefit Going Away
The key date is June 30. That is the last day to use the current Saks Fifth Avenue benefit on the Amex Platinum Card. If you still have your first-half credit available, this is the final month to use it. In practical terms, I wouldn’t wait until the final day. Amex credits can sometimes be quirky, especially if an order does not ship immediately or a charge posts later than expected.
If you want to use the credit, place the order well before June 30 and make sure your card is already enrolled in the benefit.
Welcome Bonus Offer
At the moment, American Express is offering a variable welcome bonus if you sign up for the American Express Platinum Card. Depending on a variety of factors determined by Amex, you can earn up to 175,000 Membership Rewards points from the welcome bonus on the card. If you’re eligible, then Amex will show you your personalized offer and you have the option to accept or reject it.
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If you’re eligible for the Business Platinum Card, then the Amex is offering a whopping 300,000 Membership Rewards points as a welcome bonus. Similarly to the consumer card offer, 300,000 points is the upper limit and you’ll see a personalized offer once you enter your details.
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No Replacement Announced Yet
The more interesting bit here is that American Express has not announced a replacement benefit yet. That matters because the Platinum Card has become increasingly dependent on credits to justify its annual fee. Some credits are easy to use. Others require a lot more effort. The Saks benefit sat somewhere in the middle. Was it a reason to keep the card by itself? Absolutely not.
However, for many cardholders, it was still part of the annual value calculation. Losing a $100 benefit without a clear replacement makes the card slightly harder to justify unless Amex adds something meaningful in its place.
The Pundit’s Mantra
The Saks credit was never the most exciting Amex Platinum benefit for me, but it was real value if you used it consistently.
With the benefit ending on June 30, this is the last month to use your remaining credit. Don’t assume a replacement is coming immediately and don’t wait until the final day to place an order.
If you have the Amex Platinum Card, check your account, enroll if needed, and use the credit before it disappears.
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