Yeah there's a $249 annual fee.
Yeah some people prefer claiming gift cards over flying.
Yeah you're not supposed to sell lounge passes but people do it anyway.
Each to their own.
Earn up to 82,500 bonus Qantas Points when you apply by 29 February 2016 as a new Card Member, are approved and meet the following spend criteria:
- 80,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new Card within the first three months of Card Membership
- 2,500 bonus Qantas Points after your first Card spend in Australia on selected Qantas products and services
Full terms and conditions in the link.
Yes as you did not get the AmEx card from American Express itself. Ie. Your card was bank issued so no problems.