Great deal, haven't seen anything like it for a while.
Receive 120,000 bonus Qantas Points plus 120 Status Credits
when you apply by 15 June 2021, are approved, and meet the minimum spend criteria of $4,500 in the first 3 months. T&Cs apply. Available to new Card Members only1
Other benefits:
$450 travel credit
Airport lounge access
Note: User reports this offer stacks with referral bonus. Expand the referral panel for details. (Referee: 65,000 Qantas Points after $3,000 Spend + $450 Travel Credit each year. Referrer: 60,000 points. Random referral)
So if I spend $4,500 I get 125k points + 65k referee points, plus $450 Travel credit + $450 referee travel credit in first year?