I'm not into trading and therefore don't have a whole lot of knowledge about it all. I am interested in Qantas Points however, and I'm wondering if it is a easy way to secure some points.
Looking at the e-mail they sent me, it seems like I could pretty easily get the 10,000 points, but the next $20,000 seems to be out of my reach requiring an existing portfolio and minimum $20K.
Anyone have experience in doing this? Any tips or heads-ups about securing the 10K points?
Email content below.
"Superhero is an online platform that allows you to invest and trade in Aussie and U.S. companies and ETFs - with no monthly account fees.
From now until 30 April 2023, you can earn up to 30,000 Qantas Points:
Up to 10,000 Qantas Points on your first 10 eligible trades - that’s 1,000 Qantas Points per eligible trade. $0 brokerage trades excluded.*
20,000 Qantas Points when you transfer your existing share portfolio of Australian or U.S shares to your Superhero Trading Account. Minimum transfer of AUD or USD $20,000 applies. Australian and U.S. share transfers are eligible.^"
You'll pay $5 per 1000 points for the first part of the offer - which is "OK" but nothing special at all and barely above redemption rates for gift cards. If you're then going to sell down the shares once you have the points its even less favourable