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Amex Platinum (Personal and Business) Cardholders: Wait Until This Weekend to Use Some of Your Statement Credits!

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Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


If you hold a Platinum Card from American Express (the personal/consumer card) or Business Platinum Card from American Express and haven’t yet used some of your statement credits, read this.

Cashback portals will certainly big promotions in the next few days. You can take advantage of these great stacking opportunities — and make some money back on top of your statement credits!

Rakuten, for example, is running a pair of big, 15% cashback promotions this coming weekend. More than 500 retailers will be part of the deal. If you haven’t used your Saks Fifth Avenue (Amex Platinum) or Dell (Amex Business Platinum) semiannual statement credits yet, the Rakuten sales will be a prime time to do so!

Their Black Friday and Black Friday Weekend deal starts Thanksgiving Day (November 26) and runs until November 29. Both Dell and Saks Fifth Avenue are listed as participating retailers. (I don’t yet know what TopCashback, BeFrgual, etc are offering.)

Then, Rakuten‘s Cyber Monday promotion runs on November 30. Saks Fifth Avenue is explicitly mentioned in the promo copy, which contains about 20 featured stores. But because 500+ retailers are included, I bet Dell will qualify.

(Rakuten members can choose to receive their rewards as cashback or American Express Membership Rewards.)

Before You Buy: Check Amex Offers

I know there are some Dell Amex Offers floating around. Make sure to add them to your card — then go to Rakuten. (Remember, you can split payments at Dell — more on that in a minute.)

Amex Platinum $100 Dell offer

Some Ideas for Saks and Dell

Gift card purchases are explicitly excluded from earning cashback through Dell and Saks. (That being said, has it worked for me in the past? Let’s just say that stranger things have happened.)

If you’re the primary cardholder of a Platinum Card from American Express and haven’t yet used the $50 Saks credit for July through December, here’s a chance to buy fifty bucks of…whatever. A t-shirt. Socks. Keychain. Just get something so your credit doesn’t go to waste. If you don’t like anything at Saks, think of others — buy a present for someone or order something you can donate. (I read that socks are an item most shelters need.)

In May, Dell gave Business Platinum Card from American Express members a bonus $100 in Dell statement credits — on top of their usual $100 semiannual benefit. So if you haven’t yet taken advantage of that, you have $200 to throw around at Dell. (Which earns you a free $30 through Rakuten!)

Here’s how I stacked my Dell statement credits and Amex Offers to buy a TV — and essentially got paid for my purchase.

Again, even if you don’t need anything at Dell (Headphones? New monitor?), consider buying a gift for someone or purchasing something you can donate.

Get Even More Money with 40-40-40

If you’re not yet a Rakuten member, sign up now for free. Their 40-40-40 promotion will award you a $40 bonus when you spend $40 on purchases initiated through Rakuten within 90 days of enrollment.

Final Approach

The Dell and Saks statements credits can end up yielding some nice money back when you go through cashback portals. The Rakuten Black Friday weekend and Cyber Monday promotions give you a great chance to put some cash into your pocket (or bank Membership Rewards points) — without spending a lot (or any) of your own money.

Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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