The aim is to support veterans post-service. The card will offer up to a third off all peak and off-peak fares, as well as discounted travel for adult companions and children.

Captain Tom Moore, who served in World War II and won the nation’s hearts with his fundraising efforts during the pandemic, was presented with his card at his home in Bedfordshire by transport secretary Grant Shapps.

The card pays tribute to the Royal Navy, RAF and British Army, using the colours featured on the veterans’ flag.

An estimated 830,000 veterans, who are not eligible for existing railcards, will now be able to get up to a third off rail travel.

The new card will be on sale at an introductory price of £21 until 31 March 2021. Veterans can register their interest and apply for a card on the Veterans Railcard website.

Grant Shapps, transport secretary, said: “We have an eternal debt of honour to those who have served our country and this railcard is part of marking our gratitude. For veterans looking to re-enter the world of work and connect with friends and family, it will cut the cost of travel to open up new opportunities. Delivering this manifesto promise will improve lives for veterans and their families across the United Kingdom.

“I am also delighted to present Sir Captain Tom Moore with the very first railcard. Through his service and his inspirational fundraising, he has shown the selflessness and indomitable spirit of all those who have served.

Captain Sir Tom Moore said: “This is a wonderful occasion to accept the first Veterans Railcard. It is a rare opportunity to show thanks and gratitude to veterans and this railcard is a necessary recognition and investment in veterans, giving them the ability to re-connect and combat loneliness, something that we promote and support at the Captain Tom Foundation.”