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Comment Re:Sounds about right. (Score 1) 204

If I pay for something with a card, my creditor provides additional protections in case what I bought is not as advertised, or if there is some other dispute with the merchant.

Anecdotal evidence: The local symphony orchestra went bankrupt this past May and cancelled the season, no refunds. I would have been out of luck except for the fact that I had purchased the tickets on my credit card. I contacted my credit issuer and it refunded my money as "service not delivered."

I had also contacted my local attorney general's office, so I received a letter when the bankruptcy proceedings were complete stating that I would not have received any money from the liquidation of the symphony's assets since I was not a primary creditor.

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