Getting Money Back From Bankrupt Airlines: Credit Card May Have Trip Insurance Built-In

Here’s yet another way to get your money back if you find the airline you’ve booked tickets with should suddenly cease to operate: trip insurance may be one of the default benefits on your credit card. If you booked with a credit card, call up the company and ask. For instance, Citi PremierPass Elite MasterCard comes with Trip Cancellation/Trip Interruption Insurance for free. Reader Jhayme says they are refunding ATA Airlines passengers who purchased their ticket in full on the card up to $1500. The number to call to submit a claim is 1-800-950-5118, and there is a claim form that should be submitted American Express has a similar program called Travel Delay Protection, that will reimburse passengers if they cannot be rebooked on a new flight within a certain time period. I believe this costs $9.95 per trip. With two airlines going bankrupt, it may be a good idea for people to look into these programs.” Those credit cards may be evil, but for big ticket items, their buyer protections can come in handy sometimes.

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(Photo: $arah Murray)