You are here: Home - Household Bills - Understanding -

All you need to know about the new ‘millennial’ railcard

0
Written by:
30/10/2018
A new ‘millennial’ railcard will be available by the end of the year, offering cheaper train travel to over four million 26-30-year olds. Here’s what you need to know:

What is the 26-30 Railcard?

The new railcard will give you a 1/3 off rail fares. It will be rolled out nationwide by the end of 2018 following a trial earlier this year.

Those who took part in the trial took approximately six leisure journeys a month, covering an average of 400 miles, and if this trend continues then 26-30 Railcard holders will save themselves an average of £125 a year when they travel by train, according to the Rail Delivery Group.

Who is eligible for the 26-30 Railcard?

As the name suggests, if you’re between 26 and 30 years old, you’re eligible. But mature students can also buy one. You just need to attend a recognised college or university, for over 15 hours a week, at least 20 weeks a year. Mature students will need to provide evidence of continuing study every year, and so are only eligible to apply for the one-year Railcard.

How much does it cost?

You can only buy a one-year railcard, which costs £30. You can buy or renew your railcard up to and including the day before your 30th birthday and keep using it until its expiry date.

When can I use the 26-30 Railcard?

The railcard gets you 1/3 off most off-peak rail fares to travel across the UK. A minimum fare of £12 applies to all journeys made before 10am Monday to Friday.

You’ll be able to use the railcard when you buy the following tickets:

You won’t be able to use the railcard for season tickets, Eurostar tickets, and First Class fares.

Where can I buy a 26-30 Railcard?

When it launches, you’ll be able to buy it online here.

There’s no exact launch date but we know it will be available by the end of the year.

It is the first ever digital-only railcard so you’ll need to have it on your phone or device to be eligible for cheaper tickets. If you forget your phone or don’t have your railcard you will either need to buy a new ticket or you may have to pay a penalty, but most train companies will allow you to claim back this extra expense on the first occasion in each year where this happens.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

  • RT @STEPSociety: UK Ministry of Justice abandons plan to increase EW probate fees, described by STEP’s Emily Deane TEP as a stealth tax on…
  • RT @STEPSociety: UK Ministry of Justice abandons plan to increase EW probate fees, described by STEP’s Emily Deane TEP as a stealth tax on…
  • RT @STEPSociety: UK Ministry of Justice abandons plan to increase EW probate fees, described by STEP’s Emily Deane TEP as a stealth tax on…

Read previous post:
Interest-free loans for people with problem debt

The government has announced plans to launch a ‘no-interest loan scheme’ for people on low incomes with problem debt in...

Close