American Express Qantas Discovery to Ultimate 40K QFF Points (No Wait, $450 Annual Fee, $450 QF Credit, 3K Spend in 3 Months)
Obviously it is most lucrative to cancel and wait 18 months for a 100-120K signup bonus but if you've been hanging onto your Discovery card to use for Amex offers (e.g. Shop Small) and still want to upgrade without waiting, this offer might be worthwhile. 40,000 QFF Points awarded if you spend a total of $3000 within the first 3 months
It seems like a generic link so if anyone is also interested in potentially upgrading their Discovery Card to an Ultimate this is the address: https://www.americanexpress.com/au/credit-cards/upgrade/qant...
$450 Annual Fee if you upgrade. They give you a $450 Credit to use on a Qantas flight. 1.25 QFF Points/$ earn rate on most regular purchases. 2 Qantas Lounge Passes if you purchase a Qantas flight on the card. 2 Entries to AmEx lounges a year as well.
No guarantees that the link will work for your account (you have to login to see if the offer is valid for yours). It should be a simple upgrade so no application to fill out.