10,000 Bonus QFF Points for opening an IG Share trading account

[calgarychris]

Using AMEX exlporer through paypal I got points so seemingly no.
0.5 cents/point is not that bad really.

No, if that's the case it's sort of a cheap way to buy MR points really, isn't it? Transfer $10K across and back, pay $100? Transfer $100K for 200,000 MR points for $1,000 - enough CX points to do RTW in J...What am I missing?

 

[Limewood]

If I can pay the $450 via Paypal with Q Ultimate Amex card I'd get 1,5 points per $, as long as they don't treat it as cash just goods.

 

[dec540]

No, if that's the case it's sort of a cheap way to buy MR points really, isn't it? Transfer $10K across and back, pay $100? Transfer $100K for 200,000 MR points for $1,000 - enough CX points to do RTW in J...What am I missing?

There are pretty strict Anti Money Laundering practices in place for Australian financial institutions. Without trading activity I suspect you'd run into issues. If you do trade the cost then increases by 1% on the buy and 1% on the sell, less investment returns or plus investment losses. Once you factor that in, plus the opportunity costs of withdrawing funds from an offset or savings account to invest it becomes a rather expensive way of effectively 'purchasing points'.

 

[deebens]

Anyone have points posted this week?

 

[Leroy87]

Anyone have points posted this week?

I've just had 25 points post for making a trade, but no 10k.
Might shoot them a message.

 

[deebens]

I've just had 25 points post for making a trade, but no 10k.
Might shoot them a message.

Mine actually came through.

 

[implsv]

Mine didn’t either... only bought shares though and didn’t sell... just sold them so hope they are through next week...

 

[Leroy87]

Mine didn’t either... only bought shares though and didn’t sell... just sold them so hope they are through next week...

I sent an email and support responded within 2 hours.
Said somehow my Qantas registration failed to capture my initial trade and that had stopped the 10k points coming through. Said they will post next Monday. Service was excellent.

 

[samh004]

Only just seen this thread by way of the Gazette!

I'm considering signing up and making a trade, but would probably want to keep whatever shares I bought. Can someone confirm for me whether or not I can simply move my shares from one trading account to another? I am sure I have seen this function available when trading through my usual account, NABtrade... but have never done it myself. Presumably, it's just like a bank transfer, to consolidate my shares in one place?

 

[Leroy87]

Only just seen this thread by way of the Gazette!

I'm considering signing up and making a trade, but would probably want to keep whatever shares I bought. Can someone confirm for me whether or not I can simply move my shares from one trading account to another? I am sure I have seen this function available when trading through my usual account, NABtrade... but have never done it myself. Presumably, it's just like a bank transfer, to consolidate my shares in one place?

Shares can be transferred to another trading account and you should still see the points for making the trade to buy them.

 

[Zac_AU]

The minimum deposit isn't $450. I deposited $150, executed the trades and closed the account. Points (10,025) posted after about 3 days.

 

[Archie78]

You can get 10,000 points for buying a case of wine from Epiqure..... and you get the wine!

The wine is probably very nice, but at $456 per case, hardly a comparable deal.

 

[Jack_OC]

The wine is probably very nice, but at $456 per case, hardly a comparable deal.

Except if you were planning to buy the wine anyway, and you can't find it cheaper elsewhere. In that scenario, the bonus points are free.

As someone else said above, it is often possible to find wine much cheaper elsewhere, in which case the cost of the points is effectively the difference in price between Epicure and the best deal you can find - but that doesn't necessarily make it a bad deal - you just need to work out how much the points are costing you.

As it happens, the current 10,000 bonus point deal includes Brokenwood Pinot Noir 2015 at $348 per case. That's actually a good price - other online retailers are selling it for about the same, but I've not been able to find it any cheaper. Plus if you use a Qantas Money credit card (for example) you would actually earn another 5 pts/$, - 3 pts/$ from Epicure, plus 2 pts/$ on the card - i.e. 11,740 points in total in this example. It's not always possible to find deals like this with Epicure, but it's certainly not unheard of either.

Anyway, not sure why anyone should look at these deals from an "either/or" perspective - you can help yourself to both if they both make sense for you!

 

[samh004]

Shares can be transferred to another trading account and you should still see the points for making the trade to buy them.

Unfortunately, transferring the shares was harder than anticipated:

Kindly note that IG share trading clients will not receive a HIN or SRN as we operate a direct custody model. Under this model, the shares are registered in CHESS as broker sponsored stock under the name of Citicorp Nominees Ltd with the client as the ultimate beneficial owner.

 

[fortunately]

The minimum deposit isn't $450. I deposited $150, executed the trades and closed the account. Points (10,025) posted after about 3 days.

how did you do it?
I tried paypal and card and both required $450 minimum

 

[samh004]

how did you do it?
I tried paypal and card and both required $450 minimum

I expect that the minimum deposit might change depending on your financial position when you sign up.

Regardless, for me it was $450 as well.

I just sold my shares this morning as I can't be bothered trying to move them between brokers seeing as they have made it so hard. Total cost for me was $21.26, but I am still very happy with that as I'll be receiving 10,050 points

 

[DontGetMeStarted]

I signed up and linked the account to my FF..did not proceed any further as not quite sure what I was doing, received a call from them to make sure I was OK and then some more info sent to my via email..might try and get around to it this weekend - might need some help

 

[Danger]

how did you do it?
I tried paypal and card and both required $450 minimum

Try direct deposit.

I signed up and linked the account to my FF..did not proceed any further as not quite sure what I was doing, received a call from them to make sure I was OK and then some more info sent to my via email..might try and get around to it this weekend - might need some help

I have a feeling IG is a bit like a Bali hawker. I tried unsuccessfully for over a week to get clarification from them via chat and email that I would be eligible for the offer (I had previously registered with them but never traded). I got no response so I decided to proceed and hope for the best. Thirty minutes after joining I received a call from one of their brokers, introducing himself and wanting to chat about my financial goals! I didn't tell him I had only one goal with IG and it was not a financial one.

I've unsubscribed from all of their emails and will close the account as soon as the points post in my Qantas account.

 

[zahra01]

I opened an IG account on Wednesday this week. It made me do a 10 question quiz to test my knowledge of trading. I only got 80% in the quiz, but that was enough to pass. I transferred $450 from my credit card and that attracted a $5 fee approx. Bought shares straight away, and sold them 2 hours later. All up costs for brokerage and the credit card surcharge was $20.75. A bargain for 10k of points. Just hoping they arrive in QF account quickly.

 

[andye]

I opened an IG account on Wednesday this week. It made me do a 10 question quiz to test my knowledge of trading. I only got 80% in the quiz, but that was enough to pass. I transferred $450 from my credit card and that attracted a $5 fee approx. Bought shares straight away, and sold them 2 hours later. All up costs for brokerage and the credit card surcharge was $20.75. A bargain for 10k of points. Just hoping they arrive in QF account quickly.

I think you only have to do the quiz if you open a CFD account. No need to do for straight share trading (either don't tick the CFD box on sign-up or don't activate that part of account).
Not ticking the CFD box may also reduce risk of a credit enquiry-my guess only