Are travel vouchers worth it?

Many experts estimate that a voucher is worth somewhere between a third and a half of its face value. If you ask for cash but an airline offers a voucher, take the voucher only if the face value is at least double the cash offer.



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Is it better to get a travel voucher or points? Voucher: Far more limited than a refund, these are generally valid for future travel. They may have an expiration date and may be non-transferable. Miles: Usually awarded to frequent flyers, these can be redeemed for award flights on airlines.

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You may get an airline voucher if your flight is cancelled, or if your flight was delayed. An airline voucher may be used toward a new ticket purchase, or a type of good or service on a future flight with the same airline.

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However, airlines may offer their customers a voucher instead of a refund in such cases. In some situations, a travel voucher may seem more attractive to air travellers than a refund (repayment), as they can use the voucher on future trips with the same airline or other partner airlines to save on ticket costs.

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What's the law? The U.S. Department of Transportation (DoT) is clear on the issue of refunds: if your flight is canceled by the airline and you choose not to travel, you are entitled to a refund. That means the dollar amount you paid, not a voucher for the equivalent to use with the airline.

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While credits can be used on as many flights as needed until they're fully used, vouchers can be used only on one flight, with any leftover value going to waste.

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Many experts estimate that a voucher is worth somewhere between a third and a half of its face value. If you ask for cash but an airline offers a voucher, take the voucher only if the face value is at least double the cash offer.

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When you return from your trip, you will have to fill out a Travel Voucher (TV) or the form used to present your travel claim for expenses. Remember: Timing is critical - complete and submit the travel claim/voucher immediately, within 5 calendar days, after returning from official travel.

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In most cases, 50,000 Chase points are worth $500 for travel, cash back, or gift cards. The same 50,000 points can be worth $625 with the Chase Sapphire Preferred® Card or Ink Business Preferred and $750 with the premium Chase Sapphire Reserve®.

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Airline miles are oftentimes the most valuable award travel currency. While many travel rewards are worth around 1 cent each, airline miles can be worth up to 6 cents each for first-class flights. Despite the potentially high valuations, miles are not always worth earning.

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Refundable flights are generally more expensive than non-refundable ones. Consider booking a refundable flight if you're uncertain about your travel plans. Some airlines charge a fee to issue a refund and others have strict cancellation policy terms.

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Canceling a nonrefundable fare will result in an eCredit for the full amount paid (minus any cancellation fees, depending on fare type and route). However, if you cancel a refundable ticket, you'll get the amount paid refunded back to your original form of payment.

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The amount of your flight refund is always the cost of the ticket. The amount of your compensation depends majorly on the travel distance of your flight. In the case of a replacement flight, it also depends on the flight time. It is possible to receive both flight refund and compensation at the same time.

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