20,000 Qantas Points for Joining Australian Super

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20,000 Qantas Points for Joining Australian Super

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PopCounty on 10/05/2019 - 09:15 australiansuper.com (3715 clicks)
Last edited 01/07/2019 - 07:59 by 1 other user

It's basically the same deal as published Here, but now valid until 30th June.

Further, this offer is valid for someone joining Australian Super for the first time. While this may/not be suitable for all, certainly for someone who already has plans to join Australian Super.

Please do your own research before joining Any Super. Cheers !

Edit as Suggested by Pepsicles: Be sure to scroll down and input your details and validate before joining.

Edit 2: Simply join AustralianSuper, contribute a minimum of $350 within 6 months and you’ll earn 20,000 bonus Qantas Points*. Offer ends ~~30th June 2019~~ extended to 31 Dec 2019.

Redeem them for flights, upgrades, hotels, wine and more, and be rewarded today while you plan for tomorrow.

Financial Reward Points Superannuation

31 Dec 2019

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pepsicles on 10/05/2019 - 09:23

+1

Be sure to scroll down and input your details and validate before joining.
- cerealz on 10/05/2019 - 09:30
  
  +2
  
  Op should add in description
  - PopCounty on 10/05/2019 - 09:38
    
    +2
    
    Done. Cheers !
    - cerealsmok3r on 10/05/2019 - 10:02
      
      Thanks!
- Chridim on 10/05/2019 - 10:46
  
  It does not let you join without validating anyway.
Soapdroid on 10/05/2019 - 09:39

+4

Probably also worth adding the $350 contribution requirement. Thanks op!
- PopCounty on 10/05/2019 - 09:43
  
  Thanks Soapdroid. Done. Yeah, I needed another coffee shot.
  - Soapdroid on 10/05/2019 - 12:00
    
    I signed up, thanks again
    - Soapdroid on 07/06/2019 - 12:51
      
      +1
      
      Just wanted to add that my points arrived a few days ago. Thanks again
      - Pandaboss on 14/06/2019 - 13:26
        
        +1
        
        @Soapdroid: Sweet, that seemed real fast for you, I just signed up and will contribute the $350 now and then wait for points, and close super after haha
        
        Soapdroid on 14/06/2019 - 14:41
        
        @Pandaboss: Yeah I was surprised the points arrived so quickly!
        
        Pandaboss on 14/06/2019 - 18:11
        
        @Soapdroid: Actually, after signing up I'm still waiting for further emails from them. I tried logging in and says account isnt ready. How long before you deposited money into the super after signing up?
        
        Soapdroid on 14/06/2019 - 18:34
        
        @Pandaboss: I did it directly when signing up, but I couldn't access the account for five days maybe after the initial sign up.
        
        Pandaboss on 15/06/2019 - 12:07
        
        +1
        
        @Soapdroid: Oh I must of missed that part when signing up to deposit. I'll guess I have to wait till I get the Bpay details for post contributions now.
        
        Thanks
yht on 10/05/2019 - 09:42

Anyone with Australian Super if you can recommend if they are good?
- PopCounty on 10/05/2019 - 09:44
  
  +1
  
  Meantime, have a read through here
  - yht on 10/05/2019 - 09:57
    
    +2
    
    Looks bad review. Thanks
    - friedsnowdays on 10/05/2019 - 10:08
      
      +9
      
      Where did you get that idea from? Australian Super is the largest super fund in Australia and is continually ranked as one of the best performing super funds over all time periods.
      - yht on 10/05/2019 - 10:09
        
        @friedsnowdays: I read the link above provided by PopCountry.
        
        friedsnowdays on 10/05/2019 - 10:41
        
        @yht: I'd recommend also reading through an article like: https://www.canstar.com.au/superannuation/top-performing-sup…
        
        I'm a big advocate towards any of the major industry super funds.
        
        haru on 10/05/2019 - 13:09
        
        +1
        
        @friedsnowdays: Canstar operates on a pay-for-star scheme - ie. the more you pay, the more stars you get!
        
        That said I was with AS for a while and had no issues. I moved to Hostplus for lower fees and Choiceplus.
        
        dddp on 10/05/2019 - 10:43
        
        @yht: the member who posted the negative experience said they are hard to contact on the phone. That not my experience. They have answered every call i've ever made to them.
        
        easy to check, just call them yourself and ask a question related to this point reward promo 1300 300 273
      - MauTauAja on 10/05/2019 - 10:37
        
        +2
        
        @friedsnowdays: @melbilmatic, the largest the bigest doesnt mean the best … look at those big banks they are the 4 big banks but also the biggest bank who ripped off customer.
        
        friedsnowdays on 10/05/2019 - 10:43
        
        +4
        
        @MauTauAja: I agree that largest doesn't mean best. But there are lots of articles from AFR, SMH, Canstar, Finder that consistently show the industry super funds outperform for-profit and bank owned funds.
        
        I'm not saying Australian Super is the best fund or better than the other industry super funds but I don't think it's correct to say it's not a good fund based on anecdotal comments posted by people on Ozbargain.
        
        yht on 10/05/2019 - 10:53
        
        +1
        
        @friedsnowdays: They may rate outperformed in terms of performance, but we are also looking for outperformed customer service. There is no point to join and earn a big return but you will experience a lot of hassle in getting your money, etc. Usually their sales or enquiries phone lines will be answered swiftly, but in gets to a deeper case, according to the review, it took months if it ever resolved. But you don't know until you have experienced it.
        
        dddp on 10/05/2019 - 12:32
        
        @yht: that's correct. Also you only hear one side to the story - the other side might be completely different
        
        dddp on 10/05/2019 - 10:50
        
        @MauTauAja: the big banks aren't the biggest super providers though. This is a couple of years old but it gives you an idea
        
        https://www.canstar.com.au/superannuation/largest-super-fund…
- nightelves on 10/05/2019 - 10:43
  
  With them at the moment. If you're a young person and open to high risk their International Investment option is pretty good. Returned about 9% this financial year. Not sure how other funds are performing.
- Quotationz on 10/05/2019 - 11:06
  
  +1
  
  I'm with them. I've found they are great. I had multiple different super accounts and found they charged the least in fees and had the best returns. So I rolled all my super into them.
- jimojr on 10/05/2019 - 13:06
  
  if you don't make any claim, they are good. I got injury two years ago, my employer stopped to pay me last October. I made a income protection claim in December. After 3 months they told me that the income protection started first date of injury, so my employer already paid me more than I should get from the claim. I said that the income protection should start from my employer stopped to pay me. They said that I was wrong. Does anyone know if they are right?
  - bmerigan on 10/05/2019 - 17:55
    
    Sounds very dodgy. Also sounds exactly like the loophole you can expect from an insurer these days.
Jetkuma on 10/05/2019 - 09:44

+3

Could just contribute $350 and then rollover once you receive points.
- Bonbi on 10/05/2019 - 10:12
  
  Hi, my super has always been contributed by my employer. To contribute myself, do I just direct deposit the amount into the new Australian Super account, wait until I receive points then move all of it to my current super account at a different fund? Thanks
  - WonderboyJim on 10/05/2019 - 10:29
    
    +1
    
    yup , just done it myself , got points and transferred them.
    The fees on this seem very high , after putting in my $350 (on high risk) Ive been charged $4.50 and $9 admin fees.
    - Wickadz on 10/05/2019 - 10:46
      
      So you successfully transferred $336.50 to your 'usual' super account and walked away with 20k points?
      How long did the points take to come through? I'm concerned other people have mentioned a $35 exit fee plus other admin costs. That and if it takes a few months to receive the points it may eat up the $350.
      - WonderboyJim on 10/05/2019 - 11:56
        
        +2
        
        @Wickadz: havent got around to the transfer yet , I started 13/3 and got points 3/5 , so far my 350 is sat at 341 so even if there is a leaving fee Ive got 20k points , for less than fifty bucks
- Charlie Dont Surf on 10/05/2019 - 10:20
  
  +2
  
  And choose an investment option with the lowest investment fees - "Cash" (0.05%) or "Indexed Diversified" (0.16%).
  
  Plus an admin fee of $2.25 per week.
Choc83 on 10/05/2019 - 10:10

+1
Join

Allocate super to here from a single payslip

Switch back to your regular super

Wait for your 20000 points

Roll in the AustralianSuper cash back into your regular super
- Donaldhump on 10/05/2019 - 10:16
  
  +8
  
  maybe worth suggesting to have no insurance on this super account, otherwise the $350 may evaporate quick.
  
  is there a fee to exit, and how long will points take.
  - MadMaxBargainRoad on 10/05/2019 - 10:33
    
    +1
    
    Keen to know as well.
- NedStark102 on 10/05/2019 - 10:22
  
  300 IQ acquisition of Qantas points. Is there usually a fee for moving the Australian Super money back into your regular account and/or closing your account?
- 01011010 on 10/05/2019 - 10:23
  
  +1
  
  make sure your single paycheck covers $350 contribution.
- dddp on 10/05/2019 - 10:26
  
  +2
  
  AU super may well outperform your currant provider, they are one of the best performing super providers out there, so be sure to check it out fully
- mocha_latte on 10/05/2019 - 10:49
  
  -1
  
  Doesn't the $350 need to be self-contributed, rather than employer-contributed (if I read your item 2 to mean the latter).
  - enzso on 10/05/2019 - 12:34
    
    No. It just needs to be a contribution of some type
- stoodamire on 10/05/2019 - 12:17
  
  Or you can BPAY or DD
- joyfulpatrick on 16/05/2019 - 16:42
  
  May not be straightforward to allocate super for just one payslip and switch back to your regular super. On the superannuation form, it mentions "Your employer is only required to accept one choice of fund from you in a 12-month period; however, they may accept more".
donbot on 10/05/2019 - 10:24

Tempted to give this a run - anyone know if you once (5+ years ago) had an Australian Super account, you'd be blocked from this promo?
- evanjd on 10/05/2019 - 10:44
  
  +1
  
  This offer is valid for someone joining Australian Super for the first time
  
  So yes, you're probably ineligible.
greater mimic on 10/05/2019 - 10:33

i switched to Aus Super a few months ago and didn't even realise they had this deal. Should have checked ozbargain first…

I wonder if I can call them and still get this validated.
- pennypincher98 on 10/05/2019 - 12:44
  
  Yeah me too :/
  20,000 Qantas points would've been nice. Let me know if you manage to get it validated.
- danyool on 11/05/2019 - 00:25
  
  Unfortunately, don't think so - they say in FAQ.
  
  Q:I’ve joined and I forgot to add my Qantas number – can I have the points anyway?
  A: No, to access the offer you must join via the Qantas campaign page australiansuper.com/qantas and include your Qantas Frequent Flyer (QFF) point’s number when prompted. This is the only way you can get this offer. Unfortunately joining AustralianSuper via another method will mean you are not eligible for this offer.
EnALup on 10/05/2019 - 10:44

+2

I recently moved to them and received 20k points. They increased their fee recently and it seems to be a little on higher side.
Reading comments from previous thread, it looks they might not be the best.
For now, I will try them for a year or so and see how it goes. Any
wellglued14 on 10/05/2019 - 10:44

+2

Looks like minimum fees work out to about $60. Step by step summary here
- Wickadz on 10/05/2019 - 10:50
  
  It would be a few dollars more as that is before the increase in March 2019.
  
  There is also a cooling off period of 14 days with money back within that time. Curious to know if the points would be allocated within that period. If so, win win.
  - bob19 on 11/05/2019 - 03:03
    
    bonus Qantas Points will then be credited to your account approximately 2-3 months after meeting the join and contribution criteria.
- stoodamire on 10/05/2019 - 11:41
  
  +2
  
  They've gotten rid of the $35 exit fee.
nightelves on 10/05/2019 - 10:45

+1

Anyone know if you can make a second Australian Super account to take advantage of this promo?
- yht on 10/05/2019 - 10:55
  
  +1
  
  Do you have a different TFN?
  - nightelves on 10/05/2019 - 12:07
    
    TFNis if you have self managed super fund. This is just one option from Australian Super investment options.
QuickdraW on 10/05/2019 - 10:57

+2

How do they compare for a balance of ~5k. I seem to lose more in fees than earned from interest with my current provider. The super scheme seems to benefit these companies more than me.
- yht on 10/05/2019 - 11:07
  
  Mine was invested with ING on a term deposit and I lose more money than earning it due to monthly fee plus other fee. Government should revamp the super rule ASAP.
- Wickadz on 10/05/2019 - 11:10
  
  +1
  
  Unfortunately until you get a balance of around 10k this will always be the case. I think its disgusting and we should be trusted to handle our own super.
  
  Pro-tip, a few years ago I found out that my super had premiums / life insurances and other exorbitant costs. You can cancel these and just have a basic account low risk (balanced) and you should see an improvement. Get on this before you forget and keep losing out.
  - QuickdraW on 10/05/2019 - 12:13
    
    Aware of these as my uncle lost his entire super fund plus payout as they refused to recognize his disability.
    - [Deactivated] on 10/05/2019 - 18:41
      
      Super is yours, and can not be taken away. Insurance is based on eligibility.
      - QuickdraW on 11/05/2019 - 02:38
        
        @[Deactivated]: With no contributions it was eaten by fees over years, like we were talking about…
Briefcase Mong on 10/05/2019 - 10:59

Got my 20k points from the last deal took around 3 months
- nix1016 on 10/05/2019 - 16:44
  
  +1
  
  Same, I contributed $500 and funnily enough rolled out to my regular superfund after 3 months with $505, so made $5 despite all of the fees.
  - [Deactivated] on 10/05/2019 - 18:42
    
    1 percent net return after fees. Solid 4% annual return. Which investment option is this?
    - nix1016 on 10/05/2019 - 18:46
      
      Just the default one which I think is balanced
tonnypham on 10/05/2019 - 11:21

+1

How much is 20K points worth in term of money?
- CyberMurning on 10/05/2019 - 11:27
  
  +2
  
  Just X with 1.2cents per points. Sometimes 1.1
  That is if you are selling them
  - [Deactivated] on 10/05/2019 - 18:42
    
    +1
    
    For ease of calculation. $200
OneTonneRodeo on 10/05/2019 - 11:40

+3

I recently took part in this. My experience, for what it's worth

Rolled over my existing super in late February - which does count towards the $350 contribution btw - received the points at the start of April.

Weekly admin fees have increased, however for my balance, total costs are still lower than many of the competitors, on account of other costs such as indirect costs (zero fee charged on the balance, say, verus REST charge 0.09% of your balance extra).

The exit fee has also been removed recently as I understand, you can verify that here under the "other potential fees" section
https://www.australiansuper.com/compare-us/fees-and-costs

Performance since late February alone has been a 3% portfolio gain. Compare that as you wish - for me, that's good, albeit markets have had a good run.
- R3tha on 10/05/2019 - 12:09
  
  +1
  
  Just to confirm, so if I move the fund from my other super to Australian Super it will count toward the $350 contribution requirement?
  - OneTonneRodeo on 10/05/2019 - 12:15
    
    +3
    
    Yes. I made and have since made, no other contributions, just the switch. They even confirmed it in writing before I joined, a few days after shooting them off a query.
bldragon101 on 10/05/2019 - 12:11

Does transferring your super from another super count as a contribution to get the points?
- Wickadz on 10/05/2019 - 12:29
  
  Comments above say yes. I've just done this and transferred 350 from my current super into this, ill take it back when i get my 20k points.
  - oren856 on 02/06/2019 - 11:33
    
    Is there a way to transfer/roll-over the specified value of $350 only from my existing super account (and then back after I receive the points), without having to roll-over my whole account?
chylee on 10/05/2019 - 12:12

Sadly one of those deal without love for existing customers!
- Sidor on 10/05/2019 - 12:32
  
  +2
  
  Used this deal last time, now I have got left with $163 of total $350 transfered to Australian Super, they are a rip off. Did not take any insurances bit they still deducted some fees.
  - dddp on 10/05/2019 - 12:34
    
    bad investment choice? The recommended option is to go to cash as the fees are the lowest
    - bob19 on 11/12/2019 - 03:17
      
      They charge $2.75 per week Admin Fee, regardless of the amount you have. That's why you quickly lose your money.
  - mattypoika on 10/05/2019 - 18:55
    
    Select cash,get points, transfer to main super account.
j24bauer on 10/05/2019 - 13:09

-7

Pitiful reward and dumb reason to choose a super fund
- idonotknowwhy on 10/05/2019 - 13:53
  
  -5
  
  Agreed. These rewards for joining shitty super funds are not bargains.
  $350 is absolutely nothing compared with the $100,000+ extra you'll have in retirement by avoiding a bad fund.
  - Pizdets on 10/05/2019 - 15:27
    
    what makes it a bad fund? It's been in the top 10 for returns in the last 3 years.
    2018 2nd place 11.4% return
    2017 2nd place 12.4% return
    2016 10th place (woops) 4.5% return
    - idonotknowwhy on 10/05/2019 - 20:38
      
      +1
      
      ti pizdet?
      - Gaz1 on 22/05/2019 - 21:09
        
        -1
        
        @idonotknowwhy: If you don't like the fund (or don't have time to research), just take advantage of minimum contrib to get 20K points & then move on. Whilst they probably understand a certain percentage of new customers will do this, the lazy tax will catch the people that stay (or people that find it better that the one they have).
blackdracula on 10/05/2019 - 13:24

So if i join, then rollover like $400 (to account for any fees) into it, I'll be credited the points? it doesn't have to be an employer contribution?
- nix1016 on 10/05/2019 - 16:46
  
  +1
  
  Doesn't have to be employer contribution, I self-contributed $500 last time and got the points before rolling out into my regular superfund… all took about 3 months and I made $5 from it all despite all of the fees.
Edinburgh on 10/05/2019 - 13:30

+1

Just want everyone to be make aware. Join Australian super as personal member. That is don't provide your employment details. When you provide your employment details they tag you as industry division and you will get default insurance with it. Your premium will be deducted from the date you join as soon you add some money.

Also good news is when you exit or rollover after 1st July no exit fee no fees. SO add just $10 of money and they can't deduct more than 30 cents.
https://treasury.gov.au/consultation/c2018-t286292
- yht on 10/05/2019 - 13:33
  
  I thought that they cannot charge fees for balance less than $1000? Or is it out of date now?
  - Edinburgh on 10/05/2019 - 13:41
    
    I never heard of this. In fact, when I joined they charged me fee from the date I joined. Not from the day I reached $1000.
- Edinburgh on 10/05/2019 - 13:50
  
  I Just realized I missed $350 fact. So that means you will get refund of any money you pay in excess of 3% of 350( ~$10).
  - yht on 10/05/2019 - 13:52
    
    How do you get the refund? Will it be applied automatically or you have to ask?
    - Edinburgh on 10/05/2019 - 13:57
      
      It will happen automatically. As per my assumption as soon you rollover to another fund, they will recalculate and rollover the whole balance including the excess of 3% fee.
      - yht on 10/05/2019 - 15:04
        
        @Edinburgh: This refund will only happen when you move out from them?
    - Edinburgh on 10/05/2019 - 13:57
      
      You should not bother as it's their responsibility to refund you as per the law.
- nickj on 11/07/2019 - 10:13
  
  I presume I just got stung by this - explicitly selected no insurance, my account says "nil" insurance and "you have no cover", and yet they just deduced $105 in insurance fees from the very first payment! We've recently had a whole royal commission into the financial sector such as fees for no service, and yet here is a company still doing exactly that. I'll try to resolve with them (have made a complaint already), and will escalate to the ombudsman or equivalent if no response or resolution, but I am very deeply unimpressed with Australian Super - if they want to gain new members, that is absolutely not the way to go about it.

This was posted 4 years 11 months 10 days ago, and might be an out-dated deal.

20,000 Qantas Points for Joining Australian Super

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