2.5% fare rise could mean monthly Travelcard commuters spending nearly £4,000 in 2015

2.5% fare rise could mean monthly Travelcard commuters spending nearly £4,000 in 2015
Yareah Magazine

2.5% fare rise could mean monthly Travelcard commuters spending nearly £4,000 in 2015

MyCommute4Less in action

MyCommute4Less in action

2.5% fare rise could mean monthly Travelcard commuters spending nearly £4,000[1] in 2015
Commuters can save over £400 by buying an annual Travelcard with MyCommute4Less before 31st December 2014

London, 16th December 2014 – With the TFL fare rise of up to 2.5% coming into effect on January 2nd 2015, new money-saving brand for commuters, MyCommute4Less, is urging commuters to beat the rise for a whole year by buying an annual travelcard before the end of 2014.

An annual Travelcard for zones 1-9 bought this side of Christmas will cost £3,256.00. A week later it will cost £3,336.00[2]. If a commuter opts for monthly Travelcards their annual budget in 2015 will be nearly £4,000. But for the 1 in 5 who already buy a monthly Travelcard[3], MyCommute4Less means they can make a significant saving[4] on their 2015 commute.

“Not many London commuters will have over £3,000 to beat the January 2nd fare rise”, especially with all the additional pressures on budgets at this time of year”, explained Roger Brown of MyCommute4Less. “Which is why we have launched this new service. Tackling the costs of travel in London, MyCommute4Less enables commuters to benefit from an annual Travelcard without having to find 12 months money up-front.”

MyCommute4Less provides an easy to use and fair solution for commuters by financing the cost of an annual Travelcard which is paid for over 10 months – in effect giving them two months of non-payment at the end of the year. Plus the cost is much less than buying 12 monthly Travelcards.

“Annual Travelcards can save commuters hundreds of pounds”, continued Roger Brown. “They give 52 weeks of tube, rail and bus travel for the equivalent cost of buying just forty weekly Travelcards, and not much more than 10 monthly cards. But with 92%[5] of London commuters not opting for an annual Travelcard, the difficulty in finding the cash upfront is clearly a real barrier to these savings. MyCommute4Less lets London workers spread the cost – to make the most of the savings – as well as get access to all the additional benefits that come with an Annual Travelcard, such as discounted rail fares and other travel offers.”

Working with, a commuter’s annual Travelcard is loaded onto a new Oyster card when they sign up with MyCommute4Less. The customer makes ten manageable monthly payments. MyCommute4Less charges a Transaction Fee which is the equivalent of 5% on the cost of an annual Travelcard (equivalent to an APR of 9.5%) %) which is more cost-effective than most bank loans[6]. Even with the MyCommute4Less Transaction Fee, commuters will still be saving compared to buying a weekly or monthly Travelcard.

“MyCommute4Less is a straightforward and transparent initiative which potentially offers London rail, tube and bus users considerable savings over monthly, weekly or daily costs – without having to find the cash up-front”, continued Roger Brown. “And with 70%[7] of London commuters admitting that they will have to make some sacrifices to be able to afford the 2015 fare rise it could make a real difference.”

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