This is a sponsored article on behalf of Commuter Club.
As if the dreary days of January aren’t bad enough, there’s another sting in the tail: travel fare rises. But the annual price hike needn’t always bring doom and gloom, because Commuter Club could save you hundreds of pounds on your commute, both in London and further afield.
If you're a frequent tube, train and bus-hopper, Commuter Club is the ace up your sleeve. This nifty little company lets you break the cost of a 12-month season ticket into manageable, monthly payments. That means you can spread the cost of commuting evenly across the year, yet still mop up all the savings and benefits of an annual travelcard. Simple as that.
Sign up before the fare rise on 2 January 2020 and you’ll lock in 2019’s prices. You'll start saving right away, because there's also a 50% discount on travel in your first and 12th months. PLUS Londonist readers can get an extra £20 off their first monthly payment! January isn’t looking so bad after all, is it?
Some of you may be ready to hop on board right away, but if you’re a stickler for detail, here’s the nitty gritty. Commuters’ fares are set to increase by an average of 2.7% on 2 January. You may have heard there’s a fare freeze. However, this only applies to a handful of tickets including bus fares, single rail fares and basically any fare that’s as useful as a chocolate teapot to most London commuters. It certainly doesn’t apply to season tickets.
Commuter Club lets you access all the benefits of an annual travelcard, without the upfront cost (because, let’s be honest, how many of us can afford that?). Pay each month instead, and the 5.6% interest they charge still brings the monthly payments out lower than what you’d fork out for a monthly season ticket.
Say you currently commute into Zone 1 from Zone 6. With Commuter Club, you could reduce your monthly payments to an average of £226, putting savings of up to £627 back in your pocket by the end of the year. And that’s before we’ve even taken next year’s price increase into account.
Not only does it work out much cheaper than buying monthly (Commuter Club members save the equivalent of four weeks’ worth of travel every year), it also comes with a whole bunch of perks. Like a free Gold Card, which entitles you to a third off rail trips across South East England, discounted railcards and even cheaper entry to popular landmarks like Kew Gardens and Legoland.
Sign up here and you’ll also scoop an extra £20 off your first month. Win!
Representative example: Credit limit: £1,200. Interest rate: 5.6% pa (variable). Representative APR 10.7% (variable). Find out more about Commuter Club and how it all works on their website.