IMHO the benefits of this card fall well short of the Amex Platinum perks, for an annual fee that's almost as high.
If you were prepared to trade the 2 x First lounge passes for 2 x QC lounge passes and 2 x Amex lounge passes, even the Qantas Ultimate Amex for $450 p/a with $450 travel credit will get you Qantas Wine membership and a higher point per dollar earning until April when it will match this card, and their bonus point offerings are often around 120K.
It doesn't shine under light though.