Also, $0 Annual Card Fee in the 1st year + 50,000 Bonus Points

so basically, even without the bonus points (which I think most of us might not be eligible considering the 18 month clause) you can pocket $140 in CR and cancel the card, sounds like a good deal to me. I hope I am not missing anything here.

Enjoy!

CR Terms:

Special Terms

The cashback offer will be paid to the Cashrewards member if the customer is approved for a new American Express Platinum Edge Card. Cashback will be paid to your Cashrewards account after 95 days of being approved for your new Platinum Edge Card.

You must have an active Cashrewards account to which the cashback can be deposited.

To be eligible for this product you must:

Have annual income of $50,000 or more.

Have no history of bad debt or payment default.

Be aged 18 years or over.

Be an Australian citizen or permanent resident or hold a long term visa.

Amex Terms:

Bonus & Eligibility. 50,000 Bonus Membership Rewards® Points are only available to new American Express® Card Members who apply online by 19 October 2021, are approved and spend $1,500 or more on eligible purchases on the new Card in the first 3 months from the Card approval date. Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the proceeding 18 month period are ineligible for this offer. Eligible purchases do not include annual Card fees, cash advances, interest, balance transfers, fees and charges for traveller’s cheques and foreign currencies. Please allow 8-10 weeks for the Bonus Points to be credited to your Account after the spend criteria has been met. This advertised offer is not applicable or valid in conjunction with any other advertised or promotional offer.

The American Express® Platinum Edge Credit Card will have a $0 introductory annual Card fee for the first year of Card Membership. Available to Card Members who apply by 19 October 2021 and are approved. After the first year, the annual Card fee for the Card will be $195 per year. Card Members who currently hold or who have previously held any other Consumer Credit Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer.