Booking a holiday with gift vouchers

[LesSanges]

We have a discount scheme through work that offers x% off a lot of retailers, including lastminute.com.

I’m looking at a holiday for May half term next year and doing it through the discount scheme would mean several hundred pounds off.

I have two choices - I can get 8% off by buying what is essentially a gift voucher for the specific retailer (so in this case lastminute.com), or 9% off as cash back that pays out 90 days after we get back from holiday.

My strong preference is to use the voucher and 8% off to get the upfront discount. However, can anyone help with what would happen if LM went bust before next May/June, or any likelihood of that specific retailer doing so? Would we risk losing everything as we’d have booked using a gift voucher? LM are ATOL protected and we’d be buying the voucher obviously through the work discounts platform on a credit card, so there are at least a couple of layers of protection (I need to look at the specifics of the discount platform if this should happen).

Thanks for any words of wisdom.

Forgot to mention that of course we have sufficient travel insurance as well.

Hellooo, I may not have words of 'wisdom' but, there's this love discount site thing, someone said to me about it, you can get vouchers for like everything, we used it for easyjet , same position as you kind of, wanted to get away with the kids for a half term. But anyway, it got is like 15% off easyjet discount which doesn't sound like a lot but was actually worth it when you take it off total. I'll try find link now and put it in below or attach it to easyjet if I can figure out how haha, for you incase you need in future :) xx