The quickest way of accumulating frequent flyer points

[medhead]

Whatever amount you collect, you add your share, and that should be the amount that goes onto the bill. Shouldn't be making a profit ( other than points) on this sort of transaction.

Well actually, if adding your share you can and do make a profit. Well among my friends, who are not tight, as I wrote, they work out their share and round it up to the nearest $10, then throw the notes at you. In a group with say 3 or 4 couples, that can mean a profit of $20, as they refuse to take change, after I kick in my full share.

Pretty simple really, I have a couple of methods for this situation, buy a round later, or leave the profit as tip provided the service is good.

 

[medhead]

The eTrade 10,000 point offer on the frequent flyers promotion page looks quite good.



Of course have never done online trading and don't know what they mean by a "successful trade"...

A successfuly trade is a trade that actually happens. Share trading works by having a group o people who are either bidding to buy at a price or offering to sell at a price. Two people, buyer and seller, have to be matched up for a trade to happen. There is a time limit on how longs a bid or offer remains current, this can be a day on request, or the standard time is usually 14 days. If time runs out and no one take up your bid then that would be an unsuccessful trade. Also corporate actions, such as trading halts, can see all bids and offers cancelled.

I'm a very small time share investor and I've had easily 6 bids not end up in a successful trade.

 

[Warks]

So how many cards still earn QFF points? Since the Qantas debacle earlier this year I've lost track fo the situation with my cards. It was only then I realised that my VISA card didn't actually earn convertible points! I don't know what my other card does now - CBA MC - used to be convertible but I haven't looked into it. Maybe I'm spending all this money for nothing (except some coughpy vouchers.) Well not for nothing as I have to spend it anyway!

 

[albatross710]

don't know what they mean by a "successful trade"...[/FONT][/COLOR]

One example of a successful trade is using the e-trade website to place an order to BUY say 100 NAB shares and then actually paying the money to settle that trade*.

That would trigger the entitlement to the 10,000 points.

If you were just doing it for the points cost would be 2 x $21.95 brokerage $43.90 then plus/minus the gain/loss on the actual shares!



* Please note if enough people buy shares and assets and not pay for them - can lead to a global financial crisis! (lol)