Also the site says Platinum prepaid MasterCard in the title bar, but guess it is like the Everyday rewards platinum MasterCard that doesn't have insurance or is it just that I am QANTAS platinum.
Its plat so that the merchants can get charged more :
DEBIT MASTERCARD AND PREPAID POS TRANSACTIONS
Interchange Category Name Priority Interchange Fee
inc GST
Charities 1 0.000%
Micropayment (=< AUD 15) 2 $0.004
Strategic Merchants 1 3 $0.035
Strategic Merchants 2 4 $0.040
PayPass (=< AUD 60) 5 $0.055
Government & Utilities 6 $0.077
Petroleum 5 $0.077
Recurring Payments 7 $0.110
Quick Payment Service 8 $0.066
SecureCode Merchant UCAF 9 $0.088
SecureCode Full UCAF 10 $0.110
Commercial – Debit 11 1.000%
Commercial – Prepaid 11 1.000%
Consumer Premium – Debit 12 0.550%
Consumer Premium – Prepaid 12 0.550%
Consumer Electronic – Debit 13 $0.066
Consumer Electronic – Prepaid 13 $0.066
Consumer Standard – Debit 14 $0.132
Consumer Standard – Prepaid 14 $0.132
Purchase with Cash Back N/A ($0.175)