Earn Qantas Points while investing in shares
Investing in the stock market can be fruitful, especially when you can earn Qantas Points every time you make a trade.
We often think about potential financial gains from investing in the stock market, but many people aren’t aware they could also be earning Qantas Points every time they make a trade. Read on to find out how share trading could get a little extra in the way of returns.
What is share trading?
First, a quick intro for those new to buying and selling shares; share trading means buying a very small percentage of a company or fund, called a share, on the stock market. When your shares in that company or fund go up in value, you can sell your shares for a profit (or, unfortunately, a loss if their value has gone down).
Some trading platforms also let you pool your money with others to buy units in those companies, as a way of buying shares together.
Choosing a trading platform
To earn Qantas Points when you trade, you need to be signed up and have an account with an eligible trading platform. Find out which partner offers Qantas Points as part of your trades.
Getting started
Once you have an account, you’ll need to link your Qantas Frequent Flyer membership number by providing it to your chosen trading platform provider. Then, it’s as simple as adding funds to your account and making your first eligible trade.
Before you go gangbusters with your new-found investing hobby, do make sure you read up on the platform so you’re across any fees or costs that trading may involve. It’s also important to be aware of the risks involved, making sure that this style of investing, and its level of risk, is right for you. Consider getting independent advice from a professional who knows the ins and outs of trading.
How many Qantas Points can you earn?
It depends on which platform you choose. For example, some partners offer 25 Qantas Points per trade for both buying and selling shares. Not only can you earn points buying Australian shares, but you can also earn on U.S. shares and ETFs, also known as Electronically Traded Funds.
When do I receive my Qantas Points?
Any Qantas Points you’ve earned will be automatically added to your Qantas Frequent Flyer account, usually within 30 days of your eligible trade being completed. From there it’s up to you to decide how you use them to reward yourself.
How do I use Qantas Points earned with share trading?
The points you earn can be used the same way as any other Qantas Points. For example, savvy traders could save up for flights to visit the New York Stock Exchange in Manhattan or grab a 12-month Money magazine subscription on Qantas Marketplace. Check out our handy guide to see all the ways you can use your Qantas Points.