Compared to the ANZ Frequent Flyer Platinum card, the ANZ Frequent Flyer Black is a high-tier credit card that offers greater benefits. It includes two complimentary lounge passes per year plus a discount on first-year Qantas Club membership. The ANZ Frequent Flyer Black credit card also has a higher points-earning rate of 1 Qantas Point per $1, capped at $7,500 per statement period.