Review: Saks Fifth Avenue Credit Card

saks-credit-cardSaks Fifth Avenue, in partnership with Capital One, offers 2 credit cards, but you can only get the second card after you’ve gotten the first and applied for an “upgrade.” Here’s the deal:

The Saks store credit card can only be used at Saks Fifth Avenue and it offers you SaksFirst points based on the amount of your yearly spending at Saks. You get 2 points per dollar on total purchases up to $4999, 4 points per dollar on yearly purchases between $5000 and $9999, and 6 points per dollar on annual purchases from $10,000 and up.


Based on your points each year, you get Saks gift cars in $25 increments. Each point is worth a penny, so every 2500 points equals $25 in Saks gift cards.

Now, once you have the Saks store card, you can actually apply for an “upgrade” to the Saks MasterCard, which allows you to earn points on purchases outside of Saks, too, including bonus point categories.

Once you get a Saks MasterCard, you’ll continue to get points on Saks purchases using the same formula as the store credit card, but you’ll also get 3 points per dollar when you use the card at salons and spas, 2 points per dollar when you use the card at grocery stores, gas stations and restaurants, and 1 point per dollar everywhere else you use the card.

The Saks Fifth Avenue credit cards are issued in partnership with Capital One.