Targeted offer to existing lower tier Amex Qantas card holders.
Receive 40,000 bonus Qantas points when upgrading to the Amex Qantas ultimate card.
I got this offer when logging into my account to check the new Amex cashback deals. Therefore if you hold a lower tier Amex Qantas card it might be worth logging in to see if you get the offer.
I've always just dropped to the fee free Amex Qantas card after a year with the ultimate card rather than cancel (as i like the Amex deals + shop small) and wait 18 months to get the occasional 100K bonus points offer and have found that after 3-6 months of being on the free discovery card I always get an offer to upgrade with a bonus point incentive.
Thought it might be useful for those who have a lower tier card to log in and see if they've got the offer.
Usual benefits, the main one being the $450 credit with Amex travel to spend on Qantas which offsets the annual fee. This doesn't have to be used (to book) until the anniversary of the card so you can wait until mid 2021 to book the flight.
"Usual benefits, the main one being the $450 credit with Amex travel to spend on Qantas which offsets the annual fee"
It's not quite that simple - for example, if you can only find a Qantas flight for $600 that another airline will sell you for $300 then you're not coming out ahead…