My wife and I just signed up a month ago with one of the referrals here, and I have to say this card has already paid it self off.
There are so many AMEX cash back offers that pop up, we didn't even have to try to get them.
First was the Mid-Year offer, where you spend $100 at selected stores and you get $30 back, up to 3 times at different merchants.
I was already in the market to upgrade my computer so I got $30 from Umart.
Then got 2 pairs of shoes from Hush Puppies at a staggering 80% off because they were already having a 60% off sale on all their stock.
Then there's the Woolworth $15 cash back on $30 spend. No brainer.
Then $20 off $40 spend at David Jones. Easy money since David Jones is already having a 50% off sale.
Then $100 cash back on 3 transactions from HCF. All I had to do was pay for my fortnight membership fees in 3 separate transactions, and BAM! $100.
Then $25 off $50 spend at my local Harris Farms.
Then $10 off $20 spend at Event Cinemas. Combine this with Telstra Thanks tickets at $12.5 each, that's 2 tickets for $15.
Then there's the Kikki K $5 off $10, and they're currently having a EOFY sale where most things are 40-50% off. Plus you get $10 off voucher when you sign up as a member. Got a nice tea jug, and stocked up on birthday cards for $5.
Then there's the $10 off $40 spend at BP. Spent that $40 on topping up my Opal Card. BAM! $10 off ****tyRail.
My father in law's birthday was coming up, so spent $120 on wines he loved, and got $50 back.
Then there's the $15 back on $15 spend from Samsung Pay. Yes! Free Money!!
And to top all of this off, we applied for the free Reserve card, and got all these deals applied that as well, so we got to double dip in these amazing cashback offers.
This was all just in the FIRST MONTH of membership! Saved $375 on what I would have spent money on anyway. Then double it because my wife also has the card.
Plus we're going to use our points for a business class return trip to Japan ($4150), and use the free return flight to NZ ($400) with $300 travel credit towards our hotel, and using the remainder of our points for a single business class flight to Hong Kong ($2700).
Then there's the Priority Pass lounge access, which I've calculated on the 3 trips we're taking in the next year, will be around a minimum of 10 visits. At $27 visit each, that's $270.
We're already looking at a value of $8500.
Unfortunately my wife forgot to use the referral links here and was only given 100,000 points. This means she is exactly 20,000 points short of a single business class flight to Hong Kong, and if she doesn't get it, I'll probably have to give up my points so she sits in business and I sit in economy
So PLEASE PLEASE PLEASE (PRETTY PLEASE), if you're going to sign up, use my wife's referral so I don't have to suffer for her mistake!
http://amex.com.au/refer/doreek0Wdc