The cost of train tickets has spiralled in recent years. However, it’s possible to save a third on ticket prices with railcards.
The problem is, the railcard system is very complex. National Rail says it sells nine main railcards. That seems mad by itself: how many ways do we need to get a discount? Yet once you include all those that only give discounts in some regions, the total rises to around 30.
Here we look at the best railcards and how you can save money.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
How to use railcards to save money on train tickets
Lack of space means we’ll just look at the nine major ones, plus the Gold Card that comes with some season tickets. Unless otherwise stated, all cost £30 per year (some also have three-year deals for £70) and give one-third off fares. Several also give useful discounts on London Underground fares.
First, there are three aimed at young people: the 16-17 Saver, the 16-25 Railcard and the 26-30 Railcard. These are valid nationwide and are mostly sensible in their terms. The 16-17 is the most generous, with 50% off. The 16-25 and 26-30 give one-third off, but are subject to a minimum £12 fare in morning peak hours, so don’t use them when booking short trips. Mature students (15-plus hours per week) can get a 16-25 card, regardless of their actual age.
Next, there are three nationwide cards for specific groups of users. These are the Senior Railcard (for over 60s), the Disabled Persons Railcard (which costs a reduced £20, or £54 for three years) and the Veterans Railcard (anybody who’s served in the UK armed forces).
The Senior card only gives a discount for one person, but the Disabled card covers two people and the Veterans card covers the holder, a named companion and up to four children. The Disabled card is valid at any time. The Veterans one has a £12 minimum fee during peak times. The Senior one cannot be used in peak times within the Network Railcard area.
The benefits of the Network Railcard
Take the so-called Network Railcard, which you’d assume from the name gets you a discount across the whole network. Of course not: it only covers London and the South-East. From Monday to Friday, it can only be used off-peak and there’s a £13 minimum fare (weekends are unrestricted). You can use the card to buy tickets for up to three companions travelling with you.
The Two Together Railcard is issued to two named people who must travel together, which seems less than ideal for balancing demand when trains are often full. It works nationwide, but from Monday to Friday it’s only valid off-peak.
Finally, there’s the Family & Friends Railcard, with a third off for two named adults and 60% off for up to four children aged 5-15. Again, it is not valid in Monday-Friday peak time in the Network Railcard area. Only one adult has to travel, but there must be at least one child with them. Children under five normally travel free on trains – but if the only child in your group is under five, you’ll need to buy a child ticket to use this railcard. Hats off to the bureaucrat who came up with that gloriously petty restriction.
-
Three investment trusts for undervalued European stocksWith the global economy rocked by geopolitical tension and escalating trade tariffs, could now be the time to buy European stocks?
-
Can Pope Leo plug a worrying black hole in the Vatican’s finances?Pope Leo, the new head of the Catholic Church, takes responsibility not just for 1.4 billion souls, but also for a complex multinational business in deep financial trouble.
