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How to Spend Your Year-End Bonus and Still Get Some Money Back

year end bonus

Peter Lin



So you’ve survived another year of work. You deserve a medal! Really, I’ve heard about some office workers who deserve their own Purple Hearts just for putting up with their supervisors. Wait, what do you mean Horrible Bosses isn’t a documentary? Well then, in lieu of a medal, your year-end bonus should suffice! So reward yourself with that luxury item you’ve been eyeing for 12 months with your 13 month bonus!

But just because you’re ready to spend doesn’t mean you shouldn’t earn some cash rebates using your credit card! When you use a cashback credit card, you get to enjoy more savings even on already discounted items!

For example, using the new American Express® True Cashback Card, you get 1.5% cashback on all your purchases, without a maximum rebate limit! Plus, if you apply for it now, you get to enjoy 5% cashback on the first $5000 spent in the first 3 months, just in time for the Christmas sales!

Here are some ideas on what to spend your year-end bonus on, and save over $250 in doing so!


1. For the ladies – Chanel Boy Bag

Price: S$6580

Forget living in Leedon Park or driving a super car, luxury handbags are the status symbol you can actually afford to buy in Singapore. Whether you’re an Average Joe or a genuinely wealthy person, a luxury handbag either shows off your massive disposable income or your knack for finding “really good bargains”.

The Chanel Boy Bag is lined with fabric, which may seem ridiculous considering it costs more than a handbag that uses twice the amount of leather. But the lighter weight means that you’ll be thanking Chanel when you see all your friends throwing money at their chiropractors after their heavy bags give them shoulder pains.

Using the American Express True Cashback Card, you can get a cashback of $273.70 on your purchase, making the cost of your Chanel Boy Bag only $6306.30! When you start getting compliments, or extra bitchy remarks behind your back, you’ll know your year-end bonus was well spent.


2. For the guys – a second-hand Rolex Submariner

Price: S$7480

The Rolex Submariner is the absolute classic wristwatch that every man – Hollywood star – aspires to own, thanks in part to its consistent appearance in the James Bond movie series. Known for its technological prowess and durability, it has definitely become a coveted status symbol.

The prices of the newer Rolex Submariner models exceed $10,000 at Authorised Dealers in Singapore. It’s no surprise then that the Rolex Submariner is one of the most pirated watches in the world! Fortunately, there are also a number of online forums and second-hand dealers where you can get a pre-owned Rolex Submariner for about 75% of the price.

Take note, you’ll want to make the most of your year-end bonus by using the American Express True Cashback card for the best cashback rebates. That rules out buying from individuals over online forums, which might not be a bad thing considering the possibility of replica scams. Also, do make sure that the dealers you purchase from accept American Express.

Using the American Express True Cashback Card, you can get a cashback of $287.20 on your purchase, making the cost of your pre-owned Rolex Submariner only $7192.80!


3. For the techie – Apple 15-inch Retina Macbook Pro and 27-inch Thunderbolt Display

Price: $6105

If you’re into video editing, music production and photography, you probably dream of owning the Apple 15-inch Retina Macbook Pro. With 16GB of RAM, and an NVIDIA GeForce GT 750M graphics card, this powerful machine is also capable of playing even the most graphically intensive games. Well, now with your year-end bonus, make that dream a reality.

The Retina screen boasts a mind-blowing 5.1 million pixels, which means everything is suddenly twice as clear as before. Supplement this screen with a 27-inch Apple Thunderbolt Display, which also doubles up as a plug-and-play hub.

Upgrading the processor to the 2.8Ghz Quad-core Intel Core i7 just costs $280, while $700 more gives you 1TB of storage. And of course, it’s important to protect your investment with the AppleCare Protection Plan for an additional $489.

The total cost of $6105 might seem steep, even with your year-end bonus! But when you use your American Express True Cashback Card, you can get a cashback of $266.57 on your purchase! It reduces the cost of your amazing Macbook Pro and 27-inch Thunderbolt Display to only $5838.43!


4. For families – Samsung 65 inch Curved 3D Smart UHD LED TV

Price: $6,799

When it was first introduced, I thought only posers would want to buy a curved screen television. But having seen the quality with my own eyes, I’m a convert. It improves the picture’s sharpness and depth, to the point where the image feels like it’s going to pop out of the screen.

The only problem with a curved television set is that the benefits are obvious only when the screen is 65 inches or more. Not to worry! With the American Express True Cashback Card, you can get a cashback of $276.98 on your purchase. Your new 65 inch curved TV now costs only $6522.02! Your family will thank you for spending your year-end bonus on them, not just yourself. Of course, there’s no reason to tell them about the money you saved!

So make the most of your year-end bonus with a cashback card! However, if the American Express True Cashback Card is your first cashback card, you’ll definitely want to read this article first and learn how to maximise your cashback card benefits.

What are you planning to spend your year-end bonus on? Let us know how much you saved using a cashback card!

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Peter Lin

I am the poster boy for reinventing one's self. I've been a broadcast journalist, technical writer, banking customer service officer and a Catholic friar. My life experiences have made me the most cynical idealist you'll ever meet, which is why I'm also the co-founder of a local pop culture website. I believe ignorance is not bliss, and that money is the root of all evil only if you allow it to be.