Ok, so after a little (alot) of research it's a toss up between the 120k point NAB and ANZ card, with ANZ on top mainly due to getting the 120k points in one go rather than NAB which give you 90k and then 30k after a year. All other offerings and conditions between the two were nearly the same.
Yeah, go ANZ for early points first. Then bin the card and move on to the next one. You will find each card cycles through various offers every couple of months, so by the time the ANZ pints hit your account, you will have a new list of choices for the next card.
Anyone thinking of transferring their Virgin points to Krisflyer? Virgin looking a bit precarious ATM.