What happens to my Cineworld Unlimited card if they go into liquidation?

SandyN21

If Cineworld cinemas do go into liquidation, what happens to my 'unlimited card' that I just renewed in July for 1 year.  Will I be able to claim my money back if I paid with my bank debit card?

Browntoa

Most unlikely

You join a long list of creditors 

user1977

I suspect it’s more likely they’ll continue trading as normal from the point of view of punters and it’ll be the big commercial creditors who will be taking the hit, so I wouldn’t worry at this stage.

Money_Grabber13579

user1977 said:

I suspect it’s more likely they’ll continue trading as normal from the point of view of punters and it’ll be the big commercial creditors who will be taking the hit, so I wouldn’t worry at this stage.

If they go into administration though, the administrator can decide whether or not to accept them. Likewise, if the business is then sold, the new owner wouldn’t have to honour the cards. So there could be a risk that the OP loses their money but until they do go into administration (if they do), you can use away at it.

sheramber

If you renewed last  September how long is left on the card?

user1977

Money_Grabber13579 said:

user1977 said:

I suspect it’s more likely they’ll continue trading as normal from the point of view of punters and it’ll be the big commercial creditors who will be taking the hit, so I wouldn’t worry at this stage.

If they go into administration though, the administrator can decide whether or not to accept them. Likewise, if the business is then sold, the new owner wouldn’t have to honour the cards. So there could be a risk that the OP loses their money but until they do go into administration (if they do), you can use away at it.

Yes, it's obviously a risk. But assuming they continue as a going concern (and I can't see why they couldn't - this is presumably them struggling to cope with lockdown debt, not cinemas going out of fashion), it would seem bad for business for them not to honour the cards. Even if the subscription money has "gone", cardholders are still going to buy food/drink, bring along people who buy tickets, etc.

shiraz99

Can you clarify. You state you "just renewed in September", as it's only August do you mean that you renewed nearly a year ago in September 2021 or you just renewed for the period Sept 22-23?

SandyN21

sheramber said:

If you renewed last  September how long is left on the card?

Sorry... my mistake - I meant last month - July

TELLIT01

I think after 2 years of lockdowns etc, many of us aren't sure what year it is let alone which month.

SandyN21

TELLIT01 said:

I think after 2 years of lockdowns etc, many of us aren't sure what year it is let alone which month.

That is so true 

born_again

Browntoa said:

Most unlikely

You join a long list of creditors 

There would be possible chargeback rights. For non receipt of services. Would depend on just when they go under.