TERMS & CONDITIONS

Effective January 1, 2024

SaksFirst Guidelines & Restrictions

The SaksFirst program runs on a calendar year period, January 1 through December 31. You must be a SaksFirst Credit Cardholder in order to participate in the SaksFirst program. Pending credit approval, first-time SaksFirst Credit Card applicants are eligible for a 10% discount one-time only on all SAKS purchases made the first day they use their SaksFirst card; excludes some designer collections, some leased departments, some cosmetics, all service fees, restaurants, gratuities, gift card purchases, backorders, or merchandise with delayed availability. If your account becomes closed or restricted, you will not be eligible for this promotional offer.

You must spend a minimum of $1 in eligible net purchases (purchases net of returns and other adjustments) at Saks Fifth Avenue or Saks OFF 5TH retail locations operating within the United States, saks.com or saksoff5th.com (collectively referred to herein as "SAKS") on your SaksFirst Credit Card during a calendar year period, January 1 through December 31, to qualify for the SaksFirst program and receive SaksFirst Points. SaksFirst Points earned throughout the calendar year are converted into a SaksFirst Gift Card as described in the SaksFirst Gift Card section below. You must earn a total of 2500 Points in a calendar year in order to receive a SaksFirst Gift Card. The 2500 Point minimum can consist of any combination of Base Points or Bonus Points (in all cases provided that the minimum $1 in eligible net spend at SAKS is met).

All SaksFirst Members earn SaksFirst Points for every eligible dollar spent on calendar year-to-date net purchases. Depending on your year-to-date eligible spend, you earn the following Points per dollar while shopping at SAKS during non–Bonus Point shopping days and during special Double and Triple Bonus Point shopping days throughout the calendar year:

SaksFirst Points are earned based on year-to-date eligible spend. If a purchase qualifies you to move up one or more SaksFirst program tiers (whether during a Bonus Point day or not), your point earning would be split between tiers for that purchase. For example, if you spend $15,000 on your first purchase at SAKS during the calendar year, you will earn 2 Points per dollar for the first $2499, 4 Points per dollar between $2500 and $9999 and 6 Points per dollar for all eligible spend over $10,000. The exception is for select vendors, where Members will earn three SaksFirst Points for every eligible dollar spent.

Eligible spend is net of returns, credits, refunds and adjustments and defined as purchases made at SAKS, excluding sales tax, delivery, alterations, repairs, restaurants, fur storage, beauty salon products and services, purchases at The Company Store at Saks Fifth Avenue, gratuities, and gift cards. The definition of eligible spend extends across all SaksFirst program benefits, partner benefits, and promotions.

SAKS purchases not eligible for SaksFirst Points include sales tax, delivery, alterations, repairs, purchases at The Company Store at Saks Fifth Avenue, gratuities, and gift cards. Purchases made in some Licensed Departments are not eligible for Double or Triple Point shopping events (as further described in the promotional materials for such events). The dollar value of the SaksFirst Gift Card is determined based on 1% of total net Points accumulated, in $25 increments. Net Points comprise Base Points plus Bonus Points less Points redeemed (or adjusted) in conjunction with special offers in the calendar year. Every SAKS account will be treated separately for accumulation and redemption of Points.

SaksFirst Gift Cards and any other exclusive SaksFirst privileges are non-transferable. Your SaksFirst Credit Card account must be in good credit standing to be eligible to receive a SaksFirst Gift Card. Good standing means that your account cannot be suspended, restricted, delinquent, or otherwise in default. Returns of merchandise and other financial adjustments will be deducted from the total Point balance.

Corporate accounts are not eligible to participate. Employees of SAKS and its affiliated companies are not eligible to take part in the SaksFirst program. SaksFirst offers are subject to availability. SAKS reserves the right to change or discontinue the SaksFirst program, rewards, guidelines, and restrictions at any time without prior notice to you, unless required by applicable law. The SaksFirst program is only available in the United States. The SaksFirst Credit Card is issued by Capital One, N.A.

We may obtain information through your wireless operator (AT&T, Sprint, T-Mobile, US Cellular, Verizon or any other branded wireless operator) to verify that the phone number you provide matches with the phone number your wireless operator associates with your name. This is done for purposes of verifying your identity and preventing fraud.

SaksFirst Benefits

SaksFirst Members gain access to benefits based on their calendar year-to-date net SAKS purchases. Benefits of a specific tier begin right after tier status is reached and Members retain access to their tier’s benefits through the end of the following calendar year. This applies to all benefits with the exception of the accelerated Point earn rate, which resets to 2 SaksFirst Points per dollar at the end of every calendar year.

Premier tier SaksFirst Members (annual eligible spend of up to $2499 at SAKS) are eligible for SaksFirst Point Events, free standard shipping on orders shipped to a U.S. address when paying with their SaksFirst Credit Card, and invitations to events.

Elite tier SaksFirst Members (annual eligible spend of $2500 to $9999 at SAKS) are eligible for all the Premier tier benefits plus early access to sales.

Platinum and Diamond tier SaksFirst Members (annual eligible spend of $10,000 to $24,999 at SAKS for Platinum and $25,000 and over for Diamond) are eligible for all of the Platinum and Elite tier benefits plus free upgraded shipping on saks.com orders shipped to a U.S. address when paying with their SaksFirst Credit Card and complimentary valet parking where available.

For additional details on each benefit, please visit saksfirst.com and click on each benefit listed.

SaksFirst Gift Cards

SaksFirst Gift Cards can be redeemed at any SAKS location. SaksFirst Gift Cards become void and/or may be adjusted upon return of qualifying merchandise. Merchandise returns without the associated SaksFirst Gift Card may be refused. SAKS reserves the right to adjust the original merchandise purchase transaction (including debiting your account) for any SaksFirst Gift Card not surrendered with the associated merchandise return.

The SaksFirst Gift Card has no cash value and is not a coupon for a discount or a markdown on merchandise. SaksFirst Gift Cards cannot be applied to current account balances, cannot be used to purchase gift cards, and can only be used for future purchases. You must earn a total of 2500 SaksFirst Points in a calendar year in order to receive a SaksFirst Gift Card. For every 2500 SaksFirst Points you earn, you will receive a $25 SaksFirst Gift Card. For example, 2500 SaksFirst Points are equal to a $25 SaksFirst Gift Card, 5,000 SaksFirst Points are equal to a $50 SaksFirst Gift Card. The SaksFirst Gift Card is not transferable and expires on 12/31 of the year in which it is issued unless otherwise specified on the gift card itself or in the accompanying SaksFirst Gift Card materials.

You may redeem your SaksFirst Points at any time during the year, except between December 15 through February 15, if you have a SaksFirst account in good standing and have at least 2500 SaksFirst Points. Redemptions made during the year can be made upon customer request at SaksFirst.com in increments of $25. At year-end, all Members will automatically be issued a SaksFirst Gift Card at the beginning of the following year equal to your Point balance in increments of 2500 SaksFirst Points. All remaining positive Point balances (i.e., any Points remaining after issuance of the SaksFirst Gift Cards) will be reduced to zero (0). For instance, if you end the year with 5500 SaksFirst Points, you will be issued a $50 SaksFirst Gift Card, and will begin accumulating new SaksFirst Points as of January 1 of the following year, beginning with a zero (0) balance. All negative SaksFirst Point balances at year-end will automatically be carried over into the next calendar year's SaksFirst program, and will remain on your account. SAKS reserves the right to disqualify program participants who accumulate excessive negative SaksFirst Points (as determined by SAKS in its sole discretion).

Notice of Financial Incentive

In connection with the SaksFirst program, we may offer financial incentives and/or price or service differences (“Incentives”) to SaksFirst Members based on Points earned as further described in these Terms & Conditions, in exchange for our use of your personal information.

To offer these Incentives, we must track the personal information you provide when you sign up for or engage in activities to earn SaksFirst Points, such as purchase history, date of birth, participation in SAKS events, reward redemption activity, and engagement with SAKS as described in these Terms & Conditions (“SaksFirst Program Data”).

The value of SaksFirst Program Data is calculated by determining a SaksFirst Member’s approximate additional annual spending compared to an individual’s annual spending who is not yet enrolled in the SaksFirst Program. The value of SaksFirst Program Data is reasonably related to the costs associated with offering the Incentives. You can join the SaksFirst Program here, and you can withdraw from or cancel your SaksFirst membership at any time by calling 1.877.551.7257. For more information, please review the Saks Privacy Policy.

SaksFirst World Elite Mastercard®

For benefit details relating to your SaksFirst World Elite Mastercard, please read your SaksFirst Credit Card benefits materials, which will be mailed after your account is established with Mastercard.

For all purchases made outside of SAKS on the SaksFirst World Elite Mastercard, you will earn 2 SaksFirst Points per dollar. Purchases made at restaurants and spas/salons inside Saks Fifth Avenue also earn 2 SaksFirst Points per dollar. Purchases made at SAKS through third-party payment accounts, mobile or wireless card readers, mobile or digital wallets, or similar technology will not receive the Saks Purchase APR, promotions or enhanced rewards earn rate on otherwise eligible purchases. These purchases will receive the non-Saks purchase APR and 2 Points per dollar.

WORLD ELITE TRAVEL BENEFITS Terms & Conditions for the SaksFirst World Elite Mastercard®

Click here for the most up-to-date SaksFirst World Elite Mastercard Guide to Benefits.

For additional World Elite Mastercard benefit details, terms and conditions, please call the number on the back of your card or visit www.mastercard.com/worldelitetravel. Travel-related services are provided by or through one or more travel service providers and such travel service providers and benefits are subject to change at any time by Mastercard without notice. All benefits are subject to availability at the time of booking. Benefits are subject to terms and conditions unique to each travel service provider and/or destination. All travel and benefits require purchase with your World Elite Mastercard card. The goods and services described herein are offered and provided by third party merchants and Mastercard is not responsible for any losses related to the offer, fulfillment or use of the goods or services. Offers available on select charters, sailings, tours, and chauffeured cars. Offers may vary by supplier. Hotel and resort benefits may be limited to specific room types and may vary by supplier.

To take advantage of any World Elite travel benefits unless stated otherwise, you must book through Carlson Wagonlit Travel, Mastercard's designated travel agent for Mastercard Travel Services and must reserve and pay in full for reservations, including deposit and final payment, with a valid World Elite Mastercard. All benefits and offers are subject to availability and are subject to change or cancellation without notice. Benefits may generally be redeemed multiple times, subject to specific travel service provider limitations, and are valid on new bookings only. Multiple World Elite travel benefits provided by Mastercard Travel Services may be booked, but such benefits may not be combinable with a travel service provider's other offers. Blackout dates and additional terms, conditions and restrictions may apply. Specific travel benefits are not available for certain card programs. Please visit www.mastercard.com/worldelitetravel or contact one of our program travel advisors for additional program details and terms and conditions. Airline booking and other fees may apply. Carlson Wagonlit Travel, Mastercard, World Elite Mastercard issuers and travel service providers are not responsible for printing or typographical errors. The terms and conditions contained herein are subject to change at any time by Mastercard without notice. All benefits are subject to availability.

MASTERCARD, WORLD ELITE, MASTERCARD TRAVEL SERVICES and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated. All rights reserved.

The SaksFirst World Elite Mastercard is issued by Capital One, N.A. and is serviced by its affiliates, Capital One Services, LLC.