Earn Qantas Points with Superhero: How many can your share trading get?
Superhero has announced a partnership deal with Qantas to get investors in the air sooner.
Looking to grow your wealth and travel overseas? Well, now you can.
Under a new partnership between Superhero and Qantas, investors can earn up to 15,000 bonus Qantas points for using the platform.
Starting from 10 November until 28 February 2022, new and existing investors who sign up, trade with or transfer shares with Superhero are eligible for Qantas reward points.
Can you actually get a trip overseas?
As airlines look to restart, Superhero's co-founder and CEO John Winters said investors who actively use the brand could grow their wealth and get an overseas trip.
"To head overseas, let's just say to Nouméa, you'll need 12,000 points for an Economy Classic Reward flight," Winters told Finder.
"With this partnership, you can sign up, transfer and trade your way to an overseas trip in no time."
How does it work?
Winters said that investors can earn 500 Qantas points per trade on their first 10 trades, plus a subsequent 100 points after that.
In addition, Superhero customers can earn up to 10,000 points for transferring their existing US and or AU share portfolio to Superhero (5,000 points per transfer) and the 1 point earned per $5 transferred from AUD to USD within the platform.
Is it good value for investors?
Like any frequent flyer program, the cost associated with getting a flight varies greatly depending on how you use the program.
Taking the above 12,000 points as an example, an investor would take between 4 and 80 trades to get the flight.
If they were to take advantage of all aspects of the program, they would get 10,000 points through transfers.
With a bonus 500 points per trade, they would only need to make 4 additional investments at $100 each to get a flight.
However, if a new investor was to look into the program, they would not have anything to transfer and this would cost considerably more to reach 12,000 points.
In fact, the first 5,000 points alone takes 10 trades.
If an investor wanted to reach 12,000, they would need to make a further 70 trades at 100 points per trade to reach 12,000.
With a minimum $100 per trade, all in all investors who did not trade across any balances would need to spend $8,000 trading to get the trip to Nouméa.
Not only would you need to make a lot of trades, you would have relatively short periods of time to do so, with the program ending 28 February 2022.
However, it's worth noting the difference between this reward program and others, with the investor having shares they can trade in the future instead of money spent on a product.
Will it help encourage new investors
The Superhero/Qantas partnership could even have the added benefit of increasing the number of Australians who are looking to take control of their own wealth.
"Not only will this partnership with Qantas allow us to reach more Australians, it'll also reward customers with Qantas Points for taking responsibility for their investments – literally helping them both grow their wealth for a potential holiday but maybe even use points to help pay for a flight or 2," the CEO said.
Qantas Loyalty CEO Olivia Wirth said that Superhero would appeal to travellers interested in new ways to increase their points and their personal wealth.
"Frequent flyers can earn points walking, sleeping, shopping, flying and now share trading," she said.
"Research shows that almost 9 million Australians hold shares, so we think being able to earn points while trading shares will be popular with a large number of our frequent flyers."
