Protection of payment by credit card in light of Thomas Cook collapse
I was very sad to hear last week the news of the liquidation of Thomas Cook with the mammoth loss of thousands of jobs and the continuing disruption, cancellation and upset to hundreds of thousands of holiday goers.
Whilst ATOL protection for many of those who booked holidays through registered travel agents will look to cover losses for the travel and accommodation covered under the policy, this dire situation also reminds us of the protection offered when paying by credit card.
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