Originally Posted by
Jambon87
MasterCard Chargeback is a system companies are set to process claims to MasterCard.
Under Sec75, a credit card issuer is indeed liable for the breach of contract should a airline fail and in will refund the money that the person paid, however a credit card company is not responsible or liable to pay for new flights. Unless you have specific travel insurance with that card provider that covers this.
As I would tell customers, paying with a credit card is not travel insurance.
Well as I said above, that is not my understanding, nor is it my experience - I have personally had my credit card company cover the full cost of a replacement flight (more than the cost of the original) when an airline went bust on me. This was done without a fight.