I have ANZ QFF Black. I rang them last week to indicate I had been looking at alternate cards and was considering cancelling my card. They offered 5,000 bonus points and a bonus point/$ for next 6 months to drop to the Platinum (so 1.75/$ for first $3,000/Month then 1.5/$ after that). The offer to stay with black was no upfront bonus and a bonus point/$ for only 3 months (so 2/$ for first $7,500/month and 1.5/$ after that). Seems they don't want people to stay on the black - or perhaps they don't want me to stay on the the black! I stayed (as I already have a waiver on the annual fee) but needless to say they can look forward to hearing from me in 3 months time!