Annual Travelcards are a great deal for people working in London, the problem is unless you work for a mega-big corporation, they are too expensive for most.
That is until we found the CommuterClub.
With many things in life, paying in a lump sum for your London commute is cheaper than paying as you go. A Weekly is cheaper than a Daily one, a Monthly is cheaper again, and Annuals save you even more. For example, by getting an Annual Zone 1-3 card you could save almost £200 versus buying Monthlies and even more versus Weeklies.
The further you go, the bigger the saving, with commuters who live in Zone 9 saving a whacking £417 on their travel.
Annuals carry another hidden benefit too. As its valid for a full year, when you buy one you get to keep current fares even when they go up in January. Now that is smart.
And there is even more extras like a Gold Card giving you 1/3rd off rail travel across Southern England and other 2for1 deals.
How is CommuterClub innovating for these costs and benefits?
The problem is, an Annual is not cheap, costing upwards of £2,000 in one go. Few of us have that kind of money and even if you did, do you really want to pay all that upfront when life is unpredictable.
CommuterClub offers an ideal solution that lets you get the savings of an Annual while paying Monthly. Their interest is 5.6% and including this you still save the equivalent of 1 month free compared to buying Monthlies and even more versus weeklies. Below is a full breakdown of their costs.
REPRESENTATIVE EXAMPLE:
Zone 1-4 Annual (principal): £1800. Interest: £101 Total payable: £1901. 11 payments over 10 months: £173. Representative 14.1% APR. Interest rate: 5.6% pa (fixed)
The best part is...
With CommuterClub there are no hidden fees and it’s easy to cancel the arrangement if, for example, you no longer need your travelcard. Not only is it a really convenient way to spread the cost of travel but you also don’t have to worry about lock-ins or regrets down the line. And, it feel good not to queue or remember to ‘top up’ ever again!
With fares set to rise by 3.5 per cent in 2015, now is the time to take advantage of current prices and save on the cost of your commute.
Check out how much you could save and join the club www.commuterclub.co.uk
