Saks Credit Card Review: Rewards, Fees & Benefits

Rewards

Reward TypePoints

Base Rate1x / 1%

Bonus RateUp to 2x

Point Value~0.01¢ each

ExpirationPoints expire 12 months from the date they are earned. Points will be forfeited if your Account is closed or if you fail to make the minimum payment due on your Account for two consecutive billing periods.

Redemption NotesGift Cards are valid for 90 days from the date of issuance. Not redeemable for cash, cannot be used to make payments on your Account, and cannot be used to purchase gift cards.

Category	Rate	Type	Cap
Online Shopping Earn 6 points per $1 spent on qualifying annual purchases of $10,000 or more made at Saks Fifth Avenue or saks.com (Platinum tier and above).	6x	Points	No cap
Online Shopping Earn 4 points per $1 spent on qualifying annual purchases between $2,500 and $9,999 made at Saks Fifth Avenue or saks.com (Elite tier).	4x	Points	$9,999/yr
Online Shopping Earn 2 points per $1 spent on the first $2,499 in qualifying annual purchases made at Saks Fifth Avenue or saks.com (Premier tier).	2x	Points	$2,499/yr
All Other Purchases This store credit card can only be used for purchases within the Saks Fifth Avenue network and does not earn rewards on external transactions.	0x	Points	No cap

Benefits & Protections

Benefit	Category	Value / Coverage
Exclusive Event Access Gain early access to special promotional offers, private sales, and fashion events at Saks Fifth Avenue.	Lifestyle	Exclusive Access
Saks First Purchases Discount Get a 10% discount on initial qualifying purchases made at Saks Fifth Avenue within the first 30 days of account opening.	Rewards	10% off
SaksFirst Gift Card Redemption Redeem accumulated SaksFirst points for SaksFirst Gift Cards, which can be used for future purchases at Saks Fifth Avenue. For example, 2500 points can be redeemed for a $25 SaksFirst Gift Card.	Rewards	Points redeemable for Gift Cards
SaksFirst Points Earning Earn 2 SaksFirst points for every $1 spent on eligible purchases at Saks Fifth Avenue stores and saks.com. Points are accumulated and contribute towards SaksFirst Gift Cards.	Rewards	2 points per $1
Free Standard Shipping Receive complimentary standard shipping on eligible orders placed at saks.com within the United States.	Shopping	Complimentary
SaksFirst Tier Eligibility Cardholders are automatically enrolled in the SaksFirst program, allowing them to achieve higher status tiers (Premier, Elite, Platinum) based on annual spending. Higher tiers offer accelerated point earning and additional exclusive benefits.	Status Benefits	Access to SaksFirst Tiers

Interest Rates

Purchase APR29.99% Variable

Cash Advance APR29.99%

Min. Interest Charge$2

Fees

Annual Fee $0 — No Annual Fee

Authorized User FeeFree

Foreign Transaction FeeNone

Balance Transfer FeeNone

Cash Advance FeeNone

Late Payment FeeUp to $41

Returned Payment FeeUp to $30

Approval & Eligibility

580 Recommended minimum FICO · Range 580–669

300 Poor580 Fair 670 Good740 Very Good 800+ Exceptional

Approval DifficultyModerate

Credit ProfileFair

Approval OddsGood

Decision TimeInstant

Pre-QualificationNot available

Co-ApplicantNot allowed

Business EligibleNo

Credit Limit Range $300 – $5,000

Issuer Rules & Restrictions

Maximum Cards per Issuer

You can hold up to 5 cards from this issuer simultaneously.

Shutdown Risk Triggers

Manufactured spending, excessive credit limit utilization across Amex products, abuse of Amex Offers, rapid application/cancellation patterns (churning), suspicious account activity, failure to pay, or providing inaccurate financial information.

Cliff Effect Rules

While the 'one welcome bonus per card product per lifetime' rule is primary for this specific card, American Express generally has 'family rules' where obtaining a bonus on one variant of a card (e.g., a specific airline or hotel co-brand tier) may make you ineligible for the bonus on another variant within the same product family. For a standalone 'saks-credit-card,' this would primarily apply if multiple tiers (e.g., Saks Silver, Saks Gold Amex) were introduced.

International Friendly

May have limitations for international use.

Additional Issuer Rules

Please note: As of 2026, American Express does not currently issue a standalone 'saks-credit-card.' This analysis assumes a hypothetical re-introduction or new co-branded 'saks-credit-card' issued directly by American Express, applying general Amex application and bonus rules. Eligibility requirements include being a U.S. resident, 18 years or older, having a good credit history, and sufficient income. American Express enforces a 'one welcome bonus per card product per lifetime' rule, meaning you can only receive the welcome bonus for this specific card product once in your lifetime. Additionally, applicants are generally limited to a maximum of 2 credit card approvals every 90 days across all American Express credit card products.

Saks Credit Card