Big kudos to ravendr for posting this deal for the platinum card @ 60k points for $50 fee. I just took that link and changed the "platinum" in the link to "black" and it came up with this great offer!
Mastercard sign up bonus is 80,000 Velocity, Qantas or Altitude rewards points after $4,000 spend in 90 days. No annual fee for the first year just $50 fee to if you choose qantas or velocity points. Card comes with a couple of lounge passes and travel insurance as most similar cards do. Standard exclusion of not having had this card in the previous 12 months applies.
From their website:
Enjoy 80,000 bonus Altitude, Velocity or Qantas Points when you spend $4,000 on eligible purchases on a new Altitude Black credit card within 90 days from card approval.
Annual card fee: $0 in the first year, $250 thereafter
Annual rewards program fee: $0 if you choose Altitude Rewards; $50 if you choose Altitude Velocity or Altitude Qantas
Minimum credit limit: $15,000
Minimum income required: $75,000