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Cash back on credit card

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This iS a what if situation and hopefully will never happen.

I have quite a lot of cashback on a Thomas Cook credit card.

If the company goes into administration how does that affect cash back as it can only be used on Tc holidays etc ?

Comments

  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    If the company goes into administration that implies it's still trading so you would be able to use it.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    If they go bust, you're doomed.

    If they go in to administration and / or get taken over, the T&Cs of the scheme remain open.

    Those T&Cs can almost certainly be varied though. Forcing you to spend sooner. Or, if it's a points scheme, changing the value of each point.
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