American Express Qantas Ultimate Card - 100k QFF Bonus Points, $450 Travel Credit, 2 Qantas Club & AmEx Lounge Passes ($450 Fee)

Received a letter from American Express that outlines the new and improved benefits for the Qantas Ultimate Card.
Old offer see here

AusBT has confirmed with AmEx that both new and existing members will get the new benefits mentioned.

New features include:

• $450 travel credit for any domestic or international Qantas flight (via americanexpress.com.au/travel). This is replacing the previous offer of one complimentary Qantas selected domestic return flight.
• 2 Qantas Club Lounge invitations After your first spend on selected Qantas products and services in Australia. Eligible purchases include Qantas passenger airfares with a QF flight number purchased directly from Qantas Australia by you or a travel agent, Qantas Frequent Flyer, Qantas Business Rewards or Qantas Club membership fees. Purchases from Jetstar, Qantas Holidays, Qantas Freight, Qantas Cruises, Qantas Box Office, Qantas epiQuire and Qantas Assure are not eligible purchases.
• Qantas epiQure Premium Membership (usually $99) - benefits include free delivery on all orders within Australia, exclusive access to food and wine events and an additional 3pts in addition to the 1.5pts earn per $1 spent on Qantas epiQure purchases.

The kicker is that if you sign up now or have done so previously, they will replace your complimentary domestic return flight with the $450 travel credit - which in my opinion is more valuable as it gives flexibility for any Qantas domestic or international flight. As usual, travel credit will become available on the anniversary of your Card Membership.

But wait there's more…

Bonus Qantas Points:

• 100,000 bonus Qantas Points when you apply online by 2 October 2017, are approved and spend $1,500 on your new Card within the first 3 months.
  This offer is available to new Card Members, as well as Bank-issued American Express companion cardholders

Qantas Point Earning Rates

• Earn 1.5 Qantas Points for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent
• Earn 1 additional Qantas Point per $1 spent on selected Qantas products and services in Australia
• No cap on earn rate. You’ll receive up to 2.5 Qantas Points per $1 spent, no matter how much you spend each month

Existing Features:

• Refund Protection
• Purchase Protection
• Online Fraud Protection Guarantee
• Emergency Card replacement
• Global Card support

Eligibility

• I am aged over 18
• I am an Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457)
• I have a personal gross (pre-tax) annual income of $65,000 or more
• I have no history of bad debt or payment default

These bonus points are available to new American Express Australia customers: so if you happen to have an AMEX from the Commonwealth Bank, NAB or Westpac you can apply for the card.

See updated benefits on the AusBT site - the sign up link does not note the changes yet.

https://www.amexmore.com.au/qantas-ultimate

Referrals below: Click show more and look for Qantas Ultimate card.