While VISA and MasterCard only require $100,000 in travel accident insurance for their “Platinum” cards, most of the top issuers offer $1 million of complimentary travel accident insurance. However, that may be changing as Chase is set to cut its complimentary travel accident insurance on its “Platinum” cards from $1 million to $500,000, effective March 1st. The nations’s big three issuers, Citibank, MBNA, and Bank One, continue to offer $1 million of complimentary travel accident insurance on their “Platinum” cards. Bank of America limits coverage to $500,000 on “Platinum” cards. Capital One offers $1 million of complimentary travel accident insurance on some of its “Platinum” cards. American Express, which charges a hefty annual fee of up $300 for “Platinum” cards, limits complimentary travel accident insurance to $500,000. AmEx cardholders who desire $1 million in coverage have to shell out an extra $14 per flight. Therefore, when it comes to complimentary travel accident insurance on Platinum cards, VISA and MasterCard issuers offer a pretty good deal since most of these cards do not carry an annual fee. Under most credit card travel accident insurance programs, the cardholder, and the cardholder’s family are covered for death or injury while traveling on a common carrier such as airline, train, or bus. Coverage usually extends to travel to and from the common carrier.