Safe to pay gym membership in advance?

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Hey everyone,

I’m joining a private gym that has an offer right now to pay upfront for the year. This works out to be £37.50 per month in comparison to the £49.99 per month.

I was just wondering if I pay via my Amex (Preferred Rewards Gold) card, am I safe in the instance the gym closes in the next couple months or something happens?

They’ve just finished renovations and have put in an order for 8-9 new gym equipment in the next 2 months. So they look to be in good financial health (I guess?).

Any advice would be great!

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BrownBoyBanker

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Posted: 10 months ago
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