Originally Posted by
Adam Smith
That's an oft-repeated fallacy around here. The situation is far more nuanced. See, for example,
this post not very far up this thread, where I discussed some of the particulars of insolvency.
My big fear is that you'll call up for a chargeback, and it'll get rejected because technically you did receive your travel voucher that you paid for. Because most bankruptcies don't involve much in vouchers/credits, I don't think this has come up. But an enterprising creditor in a big bankruptcy might push it, and airlines are accumulating months of revenue tied up in these vouchers. If this event did happen, maybe the banks/issuers would back-stop consumers until they rewrote their rules.
With your nuances and more unknowns, good reason to push for your cash back now instead of playing the role of involuntary financier.