AmEx Explorer: 60,000 MR Points (Worth $300) + $200 Back ($3k Min. Spend in 3 Months) on Upgrade from AmEx Essential ($395 p.a.)

This seems to be targeted as I got the below in my email today. Current AmEx Essential cardholder. Seems to be an upgrade offer. MR points might be lower than what is usually offered, but those are usually limited to new members without an AmEx card in the past 18 months. Might be worth it for those previously considering an upgrade.

Hi *****,

As a valued Card Member, you’re invited to upgrade to the American Express Explorer® Credit Card with an exclusive offer – 60,000 Bonus Membership Rewards Points plus $200 back when you apply for an upgrade by 31 August 2021 and spend $3,000 in the first 3 months.

And that’s on top of the already outstanding value packed into the Card.

Here's what you get in the first year: when you apply to upgrade by 31 August 2021, are approved and spend $3,000 in the first 3 months:
• 60,000 Bonus Points
• $200 back on your Card

And here’s what you get every year:
• Annual $400 Travel Credit to spend on flights, hotels, experiences, and more at Amex Travel Online.
• Two American Express Airport Lounge entries to use each year at Sydney or Melbourne International Airports when they reopen.
• Smartphone Screen Insurance covering up to $500 for repairs if you break your screen, with up to 2 claims per year.

That's up to $600 in value in the first year for your $395 Annual Fee

The more you use the Card, the more valuable it gets. The Explorer Card also comes with no cap on Membership Rewards Points, so your everyday spend will earn you even more points.

You’ll get up to 2 points for every $1 spent on fuel, groceries, utilities or travel, and 1 point per $1 spent with Government bodies.

Terms and Conditions

American Express approval criteria applies. Subject to Terms and Conditions. Fees and charges apply. All interest rates are quoted as an annual percentage rate. All information is correct as at 14 January 2021 and is subject to change. This offer is only available to eligible Card Members who received a direct upgrade invitation from American Express. Cards are offered, issued and administered by American Express Australia Limited (ABN 92 108 952 085). Australian Credit Licence no. 291313. ® Registered trademark of American Express Company. © 2021 American Express Company.

1. Bonus & Eligibility:
   60,000 Bonus Points and $200 Back. Offer only available to existing American Express Card Members who apply online to upgrade to the American Express Explorer Credit Card by 31 August 2021 are approved, and spend $3,000 on their new Card in the first 3 months from the Card approval date. The annual Card fee for The Explorer Card is $395. 60,000 Membership Rewards Bonus Points and a one-off $200 Credit will be awarded to the eligible Card Member’s account 8-10 weeks after the spend criteria has been met. The $200 Credit is not redeemable for cash or other payment form. Credit will not be applied to your Card Account if it has been suspended or cancelled. This offer is not applicable or valid in conjunction with any other advertised or promotional offer. Only select products are eligible to apply for an upgrade and we reserve the right to withdraw this offer if your account is not in good standing, does not meet the minimum credit limit or we become aware of any adverse credit information.

2. Travel Credit.
   American Express Explorer® Credit Card Members are eligible for one Travel Credit of $400 per year. Subject to Travel Credit Terms and Conditions, to redeem the Travel Credit, you must have paid the annual fee and minimum payment by the due date. The Travel Credit can be redeemed for any eligible travel booked and paid online through American Express Travel in a single booking. For bookings less than $400 any unused portion of the Travel Credit will be forfeited. Eligible travel includes Flight, Hotel, Car Hire and Experience bookings only and may not be used towards Cruises. The Travel Credit can be used for 365 days from the anniversary date and cannot be carried forward to any subsequent year. Your Travel Credit for that year will be forfeited if you cancel your booking, subject to supplier’s Terms and Conditions plus applicable fees.

3. American Express Lounge.
   Entry into The American Express Lounge is governed by the full Terms and Conditions available at https://www.americanexpress.com/au/content/credit-cards/memb…. All entrants must adhere to the General Conditions of Entry. American Express Explorer Credit Card Members are entitled to a total of two (2) entries into the American Express Lounges in Australia per calendar year (1 January to 31 December). Complimentary access is available for the Card Member’s children between the ages of 2-17. Card Members wishing to bring additional guests may be subject to a charge that is to be processed on the Card Member’s American Express Card.

4. Insurance.
   The American Express Explorer Credit Card insurance is subject to terms, conditions and exclusions (such as maximum age limits, pre-existing medical conditions and cover limits) – see the full Terms and Conditions available here. You must use your American Express Explorer Credit Card to pay for your return trip, commencing and ending in Australia, in order to be eligible for the travel insurance. For Smartphone Screen Insurance, you must use your American Express Explorer Credit Card to pay for your phone outright or your monthly phone bill. Maximum of 2 claims per 12 month period, per Account, maximum cover of $500 per claim and an excess of 10% of the claimed amount applies. Waiting periods may apply. Find out more or make a claim here. The insurance is underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL No. 239687) under a group policy held by American Express Australia Limited (ABN 92 108 952 085, AFSL No. 291313). Card members are not a party to the group policy, but may be able to claim under it as third party beneficiaries. This communication does not take into account your objectives or financial situation. You should read the full Terms and Conditions to decide if this insurance meets your needs.

5. Membership Rewards Program.
   Subject to the Terms and Conditions of the Membership Rewards program available here. You will earn 1 point per dollar spent with Merchants classified as 'government', including the Australian Taxation Office, the Australian Postal Corporation (Australia Post), Federal/State and Local Government bodies, including where you use a payment account, payment aggregator, services of a third party or online retailers that sell goods for another merchant.