Originally Posted by
serpens
A relative reported that a cruise line provided an inflated credit (125% or 150%, I'm not sure) that needed to be booked (but not sailed) by the end of 2022. The enticement that I had not heard before was that the voucher would be redeemable in cash (presumably for 100%) if not used by the end of 2022. Has anyone here had this offer?
The way I have seen future credit options described is that you can book a future cruise and get 125% of the current voucher credited to the new cruise cost.
If you did not use the voucher by a certain date in the future (usually 1-2 years), then the cruise company would refund the original amount of the voucher.
So it is like you were giving the company a interest free loan for a specific time, with the enticement of being able to increase the amount lent by 25% if you purchased a new cruise. The hook in this offer was that there was no guarantee that the cost of the new replacement cruise was going to be the same as the cost of the original cruise
The company could increase that cost by whatever they wished.
So the opinion of many (myself included) was that I would take the money now and consider my options going forward without being beholden to any specific cruise line.