Here’s what to buy with your Saks’ credits as possible bankruptcy looms

Savvy shoppers can still bank on Saks’ bankruptcy.

Luxury retailer Saks Global is reportedly planning to file for Chapter 11 bankruptcy as soon as Sunday, sparking concern among shoppers who have gift cards and other perks with the luxe department store.

In particular, American Express Platinum cardholders stand to lose out on their twice-annual $50 Saks Fifth Avenue credit should the company permanently shut up shop.