(EXPIRED) Rakuten: Earn 16%/16x At Saks Fifth Avenue, Stack With Platinum Benefit

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If you have a new (or not-so-new) personal Amex Platinum card and haven’t used your twice-annual Saks Fifth Avenue benefit yet, Rakuten is offering 16%/16x today.

Rakuten Saks Fifth Avenue

The Deal

  • Earn 16% cashback or 16x Membership Rewards at Saks Fifth Avenue after clicking through from Rakuten.
  • Direct link to offer.

Key Terms

  • Expiry date unknown (possibly November 25, 2020)

Quick Thoughts

16%/16x is an excellent rate for Saks Fifth Avenue which is the highest it’s been in the last 15 months. It’s only hit this level once before during that time which was on Rakuten last Thanksgiving.

Rakuten Saks Fifth Avenue chart

This is therefore a great opportunity to use up the $50 Saks benefit on the personal Amex Platinum card for July-December if you’ve not used that yet. If your Platinum card is new, be aware that you have to enroll in the Saks benefit in order to receive the $50 statement credit. To do that, log in to your account and click the ‘Benefits’ tab. To avoid having to scroll through all the benefits, you can then click the ‘Enroll’ tab to filter the benefits which will make it a little easier to find the Saks Fifth Avenue benefit enrollment.

Don’t forget that your Amex card also comes with free Shoprunner membership which entitles you to free 2 day shipping from Saks.

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[…] Rakuten: Earn 16%/16x At Saks Fifth Avenue, Stack With Platinum Benefit.  With two personal Platinum cards and a left-over $40-ish Saks gift card, I had a little over $140 to spend at Saks for free.  My wife helped me pick out a few gifts for her and I earned over 2,200 Membership Rewards points.  I used my ShopRunner membership (register for free with any Amex card or Mastercard) to get free shipping. […]