IF US booking - 24 Hours to cancel?

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ethernet

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MY brother tells me there is a 24 hour refund policy for booked US airfares that the airlines dont advertise, at least for US citizens. So I could rock up to SYD have my rat test, and eith go or ring and get full refund. Beats travel insurance, if correct. Is this true?
 
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Nice try - the 24 hour rule applies in US points of sale or ex-US only and only >= 7 days from departure.
 
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