American Express is set to retire the Shop Saks benefit from its Platinum Card from American Express on Jul. 1. This is the company's biggest change to its flagship card product since it was refreshed last year. The Saks credit has been issued on the Platinum Card in two semiannual $50 credits, which are issued as a statement credit when you shop at Saks.com or an eligible Saks Fifth Avenue location. However, the credit does not apply to gift cards, making it particularly difficult to earn due to Saks' financial state. The departure of the Saks Credit will result in a $100 hole in the card's benefits, but Amex has stated that Platinum Card Members continue to receive over $3,500 in annual travel and lifestyle benefits and statement credits.