The Ultimate card includes a return economy flight per year, after your qualifiying spend on Qantas.
Mine is just up for renewal now, might ring and see what they'll do. Out of interest what persuaded them? To give an idea I am currently putting about 80-100k/year through mine.
Did you go through to cancellations, or just through to member services?
Do you get a free flight with the Ultimate?
The Ultimate card annual fee includes the cost of a return economy flight (SYD-ADL, SYD- BNE or SYD-MEL) per year , after your qualifiying spend on Qantas. The cost of the flight is $237.50