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)