Bonus Qantas points with Superhero share trading/transfers

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Qantas has partnered with Superhero to offer bonus points on eligible trades and transfers with Superhero.

Earn 500 Qantas points per trade on the first 10 trades, or 10,000 Qantas points for transferring at least AUD10,000 or USD10,000 worth of shares to Superhero by 28 February 2022.

 
Read our AFF credit card guides and start earning more points now.

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I'm still trying to get my head around their custodian model (i.e. shares bought on Superhero are beneficially held in my name rather than directly owned by me).

Mind you, other platforms use this model as as well so it will probably become more common (if it hasn't already).

I haven't traded for years, so this might be the perfect excuse to "dip my toe back in the water'
 
Not CHESS as far as I am aware, so there is some level of risk with this type of ownership, despite what the business will claim.

Do your own research, but plenty of info out there that outlines what the risk amounts to, including not being afforded protections under the ASX administered National Guarantee Fund (NGF) in the event of a bankruptcy.
 
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