This was posted 1 year 7 months 30 days ago, and might be an out-dated deal.

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Transfer A$ or US$20,000 Worth of Shares to Your Superhero Account, Hold for 120 Days, and Earn 20,000 Qantas Points

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Transfer A$ or US$20,000 Worth of Shares to Your Superhero Account, Hold for 120 Days, and Earn 20,000 Qantas Points
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Everest99 on 31/08/2022 - 11:06 superhero.com.au (227 clicks)
Last edited 01/11/2022 - 06:49 by 2 other users

Received below in my email this morning:

Do you hold Aussie or U.S. shares on another investment platform? We want to make you a deal.

For a limited time only, transfer $20,000+ of shares to your Superhero account and earn 20,000 Qantas Points.
Just remember to link your Qantas Frequent Flyer (QFF) account in your Superhero Profile before you start earning those points!

  1. Offer is available from 9:00am AEST on 31 August 2022 until 11:59pm AEST on 31 April 2023 (Bonus Offer Period).
  2. Earn 20,000 Qantas Points when you transfer AU/US$20,000 or more of shares to a Superhero Trading Account
  3. Australian and U.S. share transfers are eligible for Offer.
  4. Your share transfer form must be received by Superhero customer service via email or live chat, prior to the end of the Bonus Offer Period. Share transfer forms are available on the Superhero website here.
  5. The market value of the shares transferred to your Superhero account during the Bonus Offer Period must be at least A$20,000 or US$20,000.
  6. The market value of your securities transferred into Superhero is calculated using the price of the security at the close of business on the day the shares are transferred into Superhero.
  7. As part of this promotion, eligible Superhero users can only claim a maximum of 20,000 points (eg. a user can earn the points on an Australian share transfer or a U.S. share transfer but not both).
  8. Shares transferred to your Superhero account as part of this promotion must remain in your Superhero account and not be transferred out for a minimum of 120 days.
  9. Self-managed super fund accounts are excluded from this promotion.
  10. Qantas Points will be credited to your QFF account within 120 days of your share transfer being effected.

Referral Links

Referral: random (256)

Referrer and Referee each earn US$10 worth of Tesla stock. Referee must deposit minimum $100 into Superhero Wallet within 30 calendar days.

Financial Frequent Flyer Qantas Frequent Flyer Reward Points Share Trading

Related Stores

Superhero
Superhero
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closed Comments

  • Koipanda on 31/08/2022 - 11:17
    +3

    Something important to note…

    • Shares transferred to your Superhero account as part of this promotion must remain in your Superhero account and not be transferred out for a minimum of 120 days.

    • Qantas Points will be credited to your QFF account within 120 days of your share transfer being effected

    • RG146 on 31/08/2022 - 11:46
      +1

      I wonder what would happen if say the QFF points were credited within 60 days and you moved the shares back then?
      I'm tempted to do it but my large holdings have DRPs and I'm too lazy to do the admin in re-registering DRPs…

    • MaxHashrate on 31/08/2022 - 11:53
      +1

      wonder what happens if you sell the shares?

      • jasonb on 31/08/2022 - 18:42

        I've got the free $100 credit in the past bringing shares in to sell them (a much smaller amount). Don't remember what the wording was for that offer.

  • fullmetal on 31/08/2022 - 11:48
    +1

    Does it cost money to transfer shares?

    • Koipanda on 31/08/2022 - 11:49
      +1

      Depends on your broker.

      From my experience, Selfwealth is free. Tiger brokers costs $50 or something.

      • a1234my on 31/08/2022 - 17:19

        Any idea about transfer fee from stake?
        And how much to transfer out?

  • JSONBourne on 31/08/2022 - 11:57
    +3

    From memory it’s quite expensive to transfer OUT of Superhero, so this wouldn’t be worth it to transfer in/out for the points.

    Also given their custodian model you also give up CHESS sponsorship as well?

  • ausdday on 31/08/2022 - 12:05
    +9

    Trading through superhero doesn't make YOU own the shares? The shares would be hold under Superhero HIN?

    review

    The ASX uses a system of CHESS Sponsorship with Holder Identification Numbers (HINs) to keep a record of who owns what shares. However, with Superhero, your shares are not held under your own HIN in your own name, and you are not the legal owner. Australian shares are held in custody on your behalf by a third-party company — a custodian — Superhero Nominees Pty Ltd, which has a single institutional HIN, and you are the beneficial owner.

    • 10101010101 on 31/08/2022 - 12:23
      +8

      Wow sounds risky

    • Aureus on 31/08/2022 - 13:23

      Your shares are put in a trust. You have full ownership of those shares and any benefits associated with them (dividends, SPP etc). The custodian of the trust can't sell your shares or anything.

      • Bdawg on 31/08/2022 - 15:10
        +1

        It's still risky, what happens if the custodian goes bankrupt? Or a fraudster gets involved? The broker Stake also has a custodian model for US stocks (Aus you own via HIN) but Stake is underwritten by Citibank I believe.

        • Aureus on 31/08/2022 - 15:15

          Superhero would just move to another custodian. If Superhero and the custodian went out of business suddenly (unlikely) there may be delays in getting your shares.

          Fraud is a small risk with out without CHESS sponsorship.

          • Bdawg on 31/08/2022 - 15:21

            @Aureus: If they go bankrupt, where exactly are you in the priority line of creditors? How would fractional shares be dealt with? What happens to any dividends?

            • Aureus on 31/08/2022 - 15:32

              @Bdawg: You are the beneficiary owner of your shares in the trust so creditors are irrelevant. Also the trust isn't some risk taking business that will go bankrupt, it is just a simple entity that holds peoples assets.

              • ausdday on 31/08/2022 - 16:02

                @Aureus: ABC

                If your broker or fund manager goes broke, it still shouldn't affect your investment, but it's a different story if the custodian collapses.

                The custodian is the registered owner of your shares, even though you are what lawyers call the "beneficial owner" … and there might be many other beneficial owners and other creditors with a claim on that company's assets.

                What's the risk?
                "When that company goes belly up, you become a secured creditor and you actually have to chase your investments," explains Chris Brycki.

                "Not your HIN, not your shares".

  • fuzor on 31/08/2022 - 12:24
    +10

    US $20,000 worth of shares into a platform that has no stop loss or HIN

    • YRT on 31/08/2022 - 12:55

      2nded. -ve.

    • ComfortablyNumb on 31/08/2022 - 13:13

      Here here, protect yourself

    • Aureus on 31/08/2022 - 13:16

      Not really a problem if you are just transferring $20k of your long term hold boomer ETFs to superhero. No HIN is made out to be a bigger deal then it is.

      • fuzor on 31/08/2022 - 15:41

        And stop loss?

        • Aureus on 31/08/2022 - 15:46
          +1

          Do you need a stop loss for your long term hold boomer ETFs?

          • fuzor on 01/09/2022 - 10:45
            -1

            @Aureus: This is how people lose big money in 2008 and 2020. Also don't think boomers are this platform's targeted audience.

            • Aureus on 01/09/2022 - 11:02

              @fuzor: Stop losses won't save you. In 2020 the market crashed over a 1 month period. Heaps of time for you to sell if you think you have a better idea of where the market is going. If you held from the top of the market to the bottom, you would only have to wait a year for your investment to go back to all time highs.

              The people who got wrecked are those who panic sold, assumed the market would keep crashing and watched on the sidelines.

              Do you manage your own super to allow stop losses?

              Edit: I agree on Superhero is targeted to younger people. It is actually a pretty good platform for anyone DCA in to ETFs as they don't charge brokerage for ETFs.

      • ausdday on 31/08/2022 - 16:20
        +1

        Actually, if I were to hold $20k for long term boomer ETF, I would just pay $29.95 to CommSec, to have my own shares registered with ASX CHESS, and a peace of mind in coming years

    • tm001 on 31/08/2022 - 13:49
      +1

      Agree. There are better and less risky ways to get 20000 QFF points.

    • salmon123 on 31/08/2022 - 14:09

      Which broker has CHESS for US shares? Seems like a stupid comment.

      • blighst on 23/10/2022 - 22:16

        No such concept in the US

    • donga87 on 31/08/2022 - 15:05
      -1

      Going to cast my first downvote because I agree this is not a good deal. The effort of transfer + locking it away in Superhero for 120 days where you will lose lose HIN for Custodian = more potential risk and headache if Superhero go under.
      It would require much more than a maximum of 20,000 Qantas FF points before this deal becomes a good deal IMO.

  • Froot Loops on 31/08/2022 - 15:23
    -1

    They are not CHESS sponsored, so best walk away and not take any risks. I'm struggling to see how this could be considered a deal at all.

  • Smol Cat on 31/08/2022 - 15:51
    -1

    Wow this is totally NOT a deal.

    • Aureus on 31/08/2022 - 16:25
      +1

      Maybe 20k Qantas points and a free HEYMIX charger would have been a more popular deal. 😛

      • ausdday on 31/08/2022 - 16:51
        +1

        I would buy that lol

      • aussieboozer on 31/08/2022 - 16:54
        +1

        I actually have a Heymix charger powering my Google Chromecast w/TV hub and it has been flawless.

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