Also, they don't sell Chanel online but they do in the two L&T stores I've been in and they accept the pass (at least they did last time they had this pass).
Related: Saks is having its friends and family (20% off non-excluded apparel, shoes and accessories, and 15% off jewelry)
Code is FRNFAM7
The exclusions list is lengthy:
+Free Shipping offer valid with purchase on orders through Saturday, October 27, 2012 at 11:59 PM (ET). See site for details. Limit of five promo codes per order. Offer valid for Standard shipping only. Offer valid at saks.com and SaksFASHIONFIX.com only. Gift card purchases, gift wrap, taxes, and shipping cannot be applied towards the qualifying amount. Offer may be used when shipping to multiple addresses. Valid on shipments to U.S. addresses only. Not valid on international shipments. Offer not valid on Rush, Next Business Day, or Saturday delivery orders. Not valid in Saks Fifth Avenue stores or Saks Fifth Avenue OFF 5TH stores. Not valid on purchases of Gift cards. For Drop Ship items, offer only applies to items eligible for standard shipping. This offer is non-transferable.
*Offer valid on Saks.com purchases from Monday, October 15, 2012 at 12:01 AM (ET) through Sunday, October 21, 2012 at 11:59 PM (ET). Offer valid at Saks Fifth Avenue and catalog purchases from Thursday, October 18, 2012 to Sunday, October 21, 2012. Excluded from this event is beauty and fragrance, SAKS FASHIONfix merchandise, Saks Fifth Avenue OFF 5TH stores, select designer collections, select leased departments, bridal salon, select fine jewelry and watch collections and jewelry and watch repairs. Discount may vary on Saks.com, in-store and catalog purchases. Cannot be combined with any other coupon or in-store offer, locator transactions, redeemed for cash or used toward payment on Saks Fifth Avenue credit card accounts. To receive this discount in-store, the invitation must be presented at point of sale each time a purchase is made. To redeem online enter promotional code: FRNFAM7 in Saks bag. Limit of five promo codes per order. Not valid on previous purchases, gift card purchases, pre-order merchandise at Saks.com, taxes, gift wrap, store restaurants and shipping charges. Saks Fifth Avenue reserves the right to limit quantities. The Shops at Riverside and Tulsa stores are closed Sundays. All Saks Incorporated associates and those shopping on Saks accounts earning a discount are not eligible.
**Designer Exclusions: 3.1 Phillip Lim, A Detacher, A.L.C, Acne, Akris, Alberta Ferretti, Alexander McQueen, Alexander Wang, Alexandre Birman, Alezandre Vauthier, Altuzarra, Angel Sanchez, Ann Demeulemeester, Antonio Berardi, Anya Hindmarch, Aquilano Rimondi, Azzedine Alaia, Balenciaga, Bose, Bottega Veneta, Brian Atwood, Brioni apparel, Brunello Cucinelli, Bugaboo, Bvlgari, Canada Goose, Carmen Marc Valvo, Carolina Herrera, Cartier, Cartier Vintage, Carven, Catherine Regeher, Celine, Chado Ralph Rucci, CHANEL, Charbonnel et Walker, Charvet, Chloé shoes and handbags, Chloé Sevigny for Opening Ceremony, Chopard, Christian Cota, Christian Louboutin, Christopher Kane, Comme des Garcons, Comme des Garcons Play, Consignment Jewelry, Costume National, DSquared2 men's apparel, David Yurman, Deos Watches, Derek Lam, Dior, Dior Homme, Dolce & Gabbana, Donna Karan shoes, DRK SHDW, Dries Van Noten, Drome, Dylan's Candy Bar, Edmundo Castillo, Elie Saab, Elisanero, Emilio Pucci apparel, Emporio Armani men's apparel, Erdem apparel, Ermenegildo Zegna, Etro apparel, Fendi, Ferragamo Shoes, Gareth Pugh, Georgina Goodman, Giambattista Valli, Giuseppe Zanotti, Givenchy, Graff, Gucci, H. Stern, Haider Ackermann, Hatt, Hermés, Isaac Mizrahi apparel, Isaia, Issey Miyake apparel, J Brand Collection, J Mendel, Jason Wu, Jerome C. Rousseau, Jerome Dreyfuss, Jil Sander, Jil Sander Navy, Jimmy Choo, Junya Watanabe, Katherine Kwei, Kaufman Franco, Kenzo, Kiton, Konstantino, Lanvin, Les Copains, Liancarlo, Libertine, Lila Castellaneta, Little Marc Jacobs, Lorena Sarbu, Loro Piana, Louis Vuitton, Lux Collections, MacKenzie-Childs, Maclaren, Maison Martin Margiela, Manolo Blahnik, Marc Jacobs Collection, Marchesa Couture, Maria La Rosa, Marios Schwab, Marni, Martin Grant, Marsell, Max Kibardin, Melinda Eng, Miu Miu, Moncler men's, kid's and outerwear, Monique Lhuillier, Montblanc, Moschino Shoes, Naeem Khan, Neil Barrett shoes and men's apparel, Nicholas Kirkwood, Nina Ricci, Norman Ambrose, Ohne Titel, Opening Ceremony, Oscar de la Renta, Pamella Roland, Paul Smith, Pauw, Penfield, Peter Pilotto, Peter Shoiket, Pierre Hardy, Pollini, Polo Black Label, Pomelatto, Prabal Gurung, Prada, Prada Sport, Proenza Schouler, Pucci, Rafael Cennamo, Ralph Lauren Black Label men's apparel, Ralph Lauren Collection, Ralph Lauren Purple Label, Reed Krakoff, Reem Acra, Rene Caovilla, Rick Owens, Rick Owens DRKSHDW, Rick Owens Lilies, Ritmo Mvndo, Robert Clergerie, Rochas, Roger Dubuis Watches, Roger Vivier, Roland Nivelais, Rupert Sanderson, Sacai Luck, Sergio Rossi, Sophie Theallet, Special Delivery to 10022-SHOE, Special Orders, Stella McCartney, Suno, T by Alexander Wang women's apparel,Tabitha Simmons shoes, Talbot Runhoff, Thakoon, Thakoon Addition, The Row, Thomas Taitt, Tod's, Toy Watch, UGG® Australia children's, UGG® Australia Collection, UGG® Australia women's shoes, Valentino, Vera Wang apparel, Versace handbags, Viktor & Rolf, Vionnet, Wes Gordon, Yiquing Yin, Yohji Yamamoto, Yves Saint Laurent women's apparel, shoes and handbags, Zac Posen, Zegna Sport apparel, Zenith Watches, Zero + Maria Cornejo apparel, Zuhair. Designer exclusions may differ in stores and online.
Saks.com only exclusions: Aperlai, Ippolita, Moncler, Peter Som, Rodarte