Expiry Date On Eu Flight Compensation?

[RSDonovan]

I was awarded compensation by Wizzair after a serious delay. The compensation was to be used to book flights. I used some of the compensation for a flight but there was still a healthy balance. Now I am told the balance has been reduced to zero as there is a one year time limit on there use. I was awarded €400 cash or €480 in credits, which I took. Obviously I wish now that I'd taken the cash. This doesn't seem right. 

[barry1010]

It's in their terms and conditions 

"Please remember that you should use WIZZ Credits before their expiry date. It can be found next to the WIZZ Account balance."

https://wizzair.com/en-gb/help-centre/my-wizz-account/wizz-credits

[RSDonovan]

Thanks Barry! I made two mistakes: 1. I was too greedy and should have taken the cash 2. I should have read the small print!

I would award this the best answer but I can't see which button to press!

[RSDonovan]

...always of course if the EU allows a time limit on compensation!?

[barry1010]

It's legal. I would always take cash. Any company can go bust very quickly and then vouchers/credits are worthless 

[RSDonovan]

I certainly will in future Barry! As I say I was being greedy. The EU compensation scheme is very generous, maybe too generous!

[barry1010]

Shhhh! 😃