This was posted 6 years 4 months 9 days ago, and might be an out-dated deal.

Related
  • expired

$10 AUD off Company Share Gift Cards off (~ $16 AUD) $12 USD + $6 USD Flat Fee + Other Fees @ Stake

210
$10 AUD off Company Share Gift Cards off (~ $16 AUD) $12 USD + $6 USD Flat Fee + Other Fees @ Stake
View Image
Laxdg on 11/12/2017 - 18:57 files.ozbargain.com.au (735 clicks)
Last edited 11/12/2017 - 20:51 by 1 other user
SANTARALLY

Never posted here but it seems like I've found a good deal (free money is always a good deal) - not sure how long it is until they figure it out and close the loophole. Got a marketting email about this earlier today;

CODE: SANTARALLY

stake are offering 10 AUD off gift cards. So…

  • 10 USD gift card costs 10 USD (actual value of shares) + 5.99 USD (flat fee for gift cards) + 0.07 USD (conversion) + 1 USD (2% credit card fee or 1 USD minimum).
  • That's 22.66 AUD in total (@ the time of writing - this might change a bit).
  • But if you take off 10 AUD that's 12.66 AUD
  • For which you get 13.29 AUD worth of shares (for 12.66, which is an instant profit of ~5%)

So this doesn't scale with value - the 2% card fee + 0.7% conversion fee makes it unprofitable at values above 37 USD - but if you are willing to make a tonne of small purchases and then sell up (or if you happen to want to invest in US shares) then you can actually make money.

Referral Links

Referral: random (1126)

Referrer gets $1 off brokerage for 12 months for each referral. Referees gets $10 bonus (funding account within 24 hours of sign-up required).

Financial Exchange Traded Fund Foreign Exchange Frequent Flyer Share Trading

Related Stores

Stake
Stake

closed Comments

  • eggboi on 11/12/2017 - 19:05

    Comes up with “error” when I enter the code on a US$10 gift card order

  • axdg on 11/12/2017 - 19:18

    I've actually only tried it with 37 USD transactions so far (testing it out)… the calculations above were based on the highest possible profit margin (since 10 USD is the minimum gift card).

  • Peck on 11/12/2017 - 19:21
    +1

    Sounds simple - NOT !!

    • axdg on 11/12/2017 - 20:04
      +2

      SAD!!

      • Peck on 11/12/2017 - 21:09

        WTF??

        • eggboi on 11/12/2017 - 22:04

          I HAD TO FIRE FLYNN BECAUSE COVFEFE

  • axdg on 11/12/2017 - 19:22

    Yeah.. seems to error @ 10 USD, works @ 20 USD

  • eggboi on 11/12/2017 - 19:24

    They allow the code only for txns US$12 or higher. So that negates any benefit to buying gift cards after paying the brokerage and gift fees. They also offer free brokerage via a multitude of other online promos anyway. So this is just a lot more work to achieve the same outcome.

    How can you even truly own a fraction of a share anyway? Aren’t you just buying a share of a share then? Thus you basically have no control over that share? Seems super dodgy to me.

    • axdg on 11/12/2017 - 19:30

      No… 12 USD minimum just drops the profit a bit (to about 3% at the current exchange rate).

      At this precise moment I could buy 12 USD (15.94 AUD) worth of shares for 15.47 AUD.

  • eggboi on 11/12/2017 - 19:33
    +6

    5mins work @ $0.45 profit is $5.40/hr (at best). False economy. You'd make more profit buying and re-selling off Amex statement credit offers. Nothing to see here lol.

    • ChillBro on 11/12/2017 - 20:32

      It's similar to those surveys you have to do for a few bucks at a time.

    • axdg on 11/12/2017 - 20:35
      +1

      This is a fair call. Obviously I was on the email list because I already use stake (and happened to be planning to purchase a lot of shares today anyway). I don't think it takes 5mins per transaction - but I guess this varies person to person… also, give cards can be purchased with credit cards - so I'm getting FF point too.

      • eggboi on 11/12/2017 - 22:03
        +1

        Looking at this again, my comment was overly cynical. I assumed you might have been trying to advertise this service (with such a marginal saving). Anyway it’s not terrible, just not super practical haha. Congrats on your first deal post and keep posting. It’s what sets this community apart from the fake “bargain” sites.

      • ely on 11/12/2017 - 22:20

        FF points FTW, if you could be bothered churning enough through a card which earns points for the transactions and doesn't charge you international transaction fees (e.g. ANZ Rewards Travel), potentially adds a bit to the deal - it's essentially free FF points even if you're just breaking even on the cash front.

  • brickwall on 11/12/2017 - 19:34
    +2

    Use zippay to avoid credit card fee… I did it this morning and save further $3. Just don't forget to pay the zippay before the due date.

    • 18 on 11/12/2017 - 20:34

      Thanks for sharing the deal this morning Mr member since 2012 with no posts. /s

      • brickwall on 11/12/2017 - 21:33
        +4

        Not sure why i got your /s … I simply shared my experience, Mr member since 2014 with 40 post…

  • abc on 11/12/2017 - 19:43

    So can you buy multiple "gift cards" and "gift" them to yourself under the one account?

    • axdg on 11/12/2017 - 20:00
      +1

      Yeah… I've done 2 so far.

  • heal on 11/12/2017 - 19:44
    +3

    SANTARALLY anagram for SATAN LLYAR

    • axdg on 11/12/2017 - 20:04

      Nice

  • mrhorse on 11/12/2017 - 19:49
    +2

    I like this kind of deal, teaching people how to arbitrage from financial instruments.

  • ely on 23/12/2017 - 06:14

    This is not expired yet (code is still valid, not sure until when from the email I received).

Login or Join to leave a comment
Login Join