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These cards are designed for fairly frequent Saks shoppers, both Saks Fifth Avenue and Saks OFF 5th outlets. They’ll reward you more depending on how much you spend, so if you’re spending thousands of dollars at Saks each year they could end up being pretty valuable. You’ll get a SaksFirst Membership with both cards.
The regular store card offers rewards and benefits only at Saks, while the Mastercard offers a wider selection of features and can be used anywhere.
Neither card has an annual fee, but the regular store card will give you a higher interest rate.
If you apply for the Mastercard, you’ll first be considered for the more valuable World Elite Mastercard version. But if you don’t qualify for that, you’ll then be considered for the lower Platinum Mastercard version.
Card Rating: 3 & 4 Out Of 5 Stars
We gave the SaksFirst Store Card 3 out of 5 Stars for its rewards, benefits, and costs. You’ll get some small rewards and a nice set of benefits to start out, but you need to spend quite a bit of money to raise your membership tier. And the rewards for spending that much don’t always seem to equal the cost. The interest rate is very high, but that’s to be expected for most store cards like this.
We gave the SaksFirst Mastercard 4 out of 5 Stars because it’s a bit better than the regular store option. It provides everything the store card does, along with the ability to earn points anywhere, some extra benefits, and a lower interest rate. So it’s a better option if you can get it.
You could be using one of these cards to get discounts and benefits at Saks, but should you? Keep reading our review to find out.
Where Can I Use My Saks Credit Card?
The SaksFirst Mastercard can be used anywhere Mastercard is accepted, which is pretty much everywhere.
Can I Upgrade my SaksFirst Store Card to A Mastercard?
Yes. To upgrade your store card to the Mastercard version, just click this link and apply or visit a Saks store.
When you get your card, you’ll be able to get one of the following:
- 10% off your first day purchases at Saks (SaksFirst Store card only)
- $25 Saks Welcome Gift Card when you make your first purchase outside Saks (SaksFirst Mastercard only)
SaksFirst Membership Rewards
These rewards apply to both the SaksFirst Store Card and the SaksFirst Mastercard.
- Up to 6 points per dollar at Saks (see table below)
- Special double and triple point days throughout the year
The more you spend each year, the more points you’ll earn. The following tiers also include additional benefits to reward you for spending more (explained in the next section).
|Spend||Tier||Points Per Dollar|
|Up to $5,000||Premier||2|
|Up to $10,000||Elite||4|
|Up to $25,000||Platinum||6|
|More than $25,000||Diamond||6|
So these cards will be much more rewarding if you’re a big spender at Saks, especially if you’re making use of the double and triple point days – potentially earning 18 points per dollar if you’re in the highest tiers.
Once you reach the $10,000 Elite tier, the card gets twice as rewarding at 4 points per dollar. But take note that you need to spend 1.5 times as much to reach the next Platinum tier at $25,000, which only provides 6 points per dollar. And after that there isn’t a bump in rewards for spending more.
Whenever you reach 2,500 points, you’ll be given a $25 Saks gift card.
SaksFirst Mastercard Rewards
In addition to the rewards above, the Mastercard version also provides:
- 3 points per dollar at spas and salons
- 2 points per dollar on dining, gas, and groceries
- 1 point per dollar on all other purchases
The following benefits may or may not be available to you depending on your SaksFirst Membership tier. The more you spend, the higher your tier.
These features apply to both the SaksFirst Store Card and the SaksFirst Mastercard. The Mastercard benefits below are only available with the Mastercard version.
If you’re not sure exactly what benefits you have, check your Guide to Benefits or log on to your account.
SaksFirst Membership Benefits
Premier & Elite Status – Spend up to $9,999 per year
Advance Notice of Sales
Get notified about sales before non-cardmembers do.
Advance Access to Saks Merchandise
Cardholders get access to merchandise on saks.com before non-cardholders.
Get invites to cardholder only events.
Saks Award-Winning Catalogs
Get free Saks catalogs in the mail.
Personal Fashion Consultant Upon Request
Get access to a personal fashion consultant in-store to help you pick out the best clothes for you.
Exclusive Phone Number
Call 1-800-871-7257 to access your customer service reps.
Platinum Status – Spend $10,000-$24,999 per year
Complimentary Valet Parking
At select stores only.
Complimentary Storage of One Fur
At select stores only.
Diamond Status – Spend $25,000+ per year
Exclusive Diamond Customer Service Number
Check the back of your card for the phone number.
These benefits are only available with the Mastercard version of the Saks card.
If you have a SaksFirst Mastercard some of your benefits will depend on if you qualified for the World Elite or Platinum version. Just check your Guide to Benefits, which came with your card, to learn exactly what features are available for you.
24/7 Global Concierge Service
Assistance planning your travel, reminders for important events and more. (World Elite Mastercard only.)
$0 Fraud Protection
You will not be held responsible for unauthorized purchases made on your card.
Mastercard Global Service
24/7 assistance with lost and stolen card reporting, emergency card replacement, and emergency cash advance.
If you made a purchase in the U.S. that you find advertised at a cheaper price, you can be reimbursed for the difference.
Eligible purchases are covered against theft or damage for up to 60 days; up to $1,000 per claim, up to $25,000 per cardmember account per 12 months.
Extended Warranty Protection
Warranties can be extended by up to an additional year on eligible purchases.
If a merchant won’t take back an eligible item within the first 60 days, reimbursement will be provided up to $250 per item; limited to $1,000 a year per account.
Travel Assistance Services
Provides help with travel planning and reservations.
Master RoadAssist® Service
24/7 assistance with travel emergencies such as jump-starts, towing, gas delivery, tire changes.
Auto Rental Collision Damage Waiver
Provides coverage against theft and collision, as long as the car rental company’s own insurance is declined.
Baggage Delay Insurance
Reimbursement on eligible items in the event of a baggage delay.
Trip Cancellation Insurance
If a trip is disrupted for an eligible reason, you can be reimbursed for non-refundable costs up to $1,000,000.
If your luggage is lost or damaged, you can be reimbursed up to $3,000 per incident. You can only use this twice per year.
The Costs & Fees
|Card||Annual Fee||Purchase APR||Balance Transfer APR||Cash Advance APR|
|SaksFirst Store Card||$0||24.24% *Variable||N/A||N/A|
|SaksFirst MasterCard||$0||19.24% or 21.24% *Variable||19.24% or 21.24% *Variable||25.49% *Variable|
|Card||Balance Transfer Fee||Cash Advance Fee||Foreign Transaction Fee|
|SaksFirst Store Card||N/A||N/A||N/A|
|SaksFirst MasterCard||3% (min $15)||3% (min $15)||None|
|Card||Penalty APR||Late Fee||Returned Payment Fee|
|SaksFirst Store Card||27.24% *Variable||Up to $35||Up to $25|
|SaksFirst MasterCard||30.24% *Variable||Up to $35||Up to $25|
Neither of these cards have an annual fee, but there are a few differences to be aware of.
As you can see, you’ll end up with a higher interest rate with the regular store card (but remember you can avoid interest by paying your balance off each billing period).
You’ll be able to use the Mastercard for balance transfers and cash advances, while you can’t with the store card. But it’s not designed for those kinds of purposes, so you should stick to using it as a way to earn rewards at Saks and elsewhere.
The Bottom Line
The SaksFirst Store Card and the SaksFirst Mastercard are meant for Saks customers who visit pretty frequently. If you’re already spending a lot of money there, you might as well get some rewards and benefits to go with it.
So check your spending habits – how often do you shop at Saks, and how much do you spend there? Are the rewards and benefits above very attractive to you?
If so, these cards should help you get more bang for your buck. They have no annual fees, so they can be completely free to use as long as you pay them off in full every billing period. That would mean you get all of the points and features without having to pay a cent.
And if you’re spending more than $5,000 or $10,000 at Saks each year, you have the potential to gain a huge amount of rewards on those double and triple point days. Those points would help put a big dent in your bill.
Apply for the SaksFirst Store Card or Mastercard
Want to apply for or learn more about one of these cards? Just click the card’s name below.
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