I have this card and will probably be holding on to it.   $149 with 2 Qantas Lounge passes and 1 point for QF per $ is fine by me.  When the first year is up I am going to try the cancel route to see if I can get the yearly fee waived and or the same reduced yearly fee.   It is my only Qantas points earning card.   
I have the Amex Edge/Explorer Combo 3 Points per $ Supermarket, 2 Points per $ everything else, this Qantas Premier Platinum Mastercard card for 1 Point Per $ Qantas spend for where Amex isn't accepted, and the ANZ Travel Rewards Visa Card that I got recently for the signup bonus, free trip, and lounge passes, and just use currently for the No Overseas Transaction fee feature of the card. I will also try the cancel route to see if I can get the ANZ yearly fee waived.
If they don't I will cancel the ANZ card and just use my Qantas Premier Platinum card via DiviPay to enjoy No Overseas Transaction fee and still earn 1 Qantas Point Per $ to boot.
	
		
			
		
		
	
				
			I have the Amex Edge/Explorer Combo 3 Points per $ Supermarket, 2 Points per $ everything else, this Qantas Premier Platinum Mastercard card for 1 Point Per $ Qantas spend for where Amex isn't accepted, and the ANZ Travel Rewards Visa Card that I got recently for the signup bonus, free trip, and lounge passes, and just use currently for the No Overseas Transaction fee feature of the card. I will also try the cancel route to see if I can get the ANZ yearly fee waived.
If they don't I will cancel the ANZ card and just use my Qantas Premier Platinum card via DiviPay to enjoy No Overseas Transaction fee and still earn 1 Qantas Point Per $ to boot.
				
						
 