Skip to main content
The Semi-Annual "Saks Double Dip"
The Semi-Annual "Saks Double Dip"
Published on April 19, 2026, 6:36 PM

It’s that time of year again—the "Saks Double Dip" is back! 🥂💰

We usually focus on the big-picture strategy at awardtrail, but when the stars align for an easy win, we have to shout it out. Rakuten is currently offering 10% cash back (or 10x Membership Rewards points) at Saks Fifth Avenue.

Why this is a must-act for Amex Platinum holders:

  1. The Credit: You have a $50 Saks credit for the first half of the year (expires June 30).

  2. The Points: By clicking through Rakuten, you earn 500 Amex points on a $50 purchase.

  3. The Math: If you value Amex MR points at 2 cents each (which we do!), that’s an extra $10 back on a "free" $50 purchase.

Awardtrail Pro-Tip: If you’ve already used your credit, don't ignore this. 10x back on luxury goods or high-end kitchenware (anyone need a new espresso scale?) is a fantastic way to top off your balance for that next big redemption.

Have you used your $50 credit yet? Drop a 👇 if you’re grabbing something today!

#awardtrail #amexplatinum #rakuten #travelhacking #pointsandmiles #saksfifthavenue #membershiprewards #smartspending #travelhacker

Comments (0)

Community Discussion

Sign in to share your experiences and insights with fellow award travelers.

Sign In or Register

awardtrail's editorial content is produced independently. Financial institutions, credit card companies, airlines, and hotel chains do not provide this content and have not reviewed, approved, or endorsed it. The opinions shared are exclusively the author's.

© 2026 awardtrail. All rights reserved.