Savings: Britons missing out on £450million worth in rail travel ticket deals | Personal Finance | Finance
According to the travel app, those between the ages of 16 to 25 year-olds are missing out on £450million per year by not taking advantage of a digital 16-25 Railcard. Trainline’s poll of 1,000 Britons in this age demographic found that 36 percent of them admitted to not owning one. The survey revealed that even people without a digital Railcard expected to travel at least six times per month from September.
Around 40 percent of those polled said their immediate friends and family didn’t own one either.
Those eligible for a discount savings card can pay for rail fares using their digital Railcard and keep digital tickets on the Trainline app.
Immediately after buying a 16-25 Railcard, travellers will be able to cut their train ticket expenses by a third across all UK destinations.
Milena Nikolic, Chief Technology Officer at Trainline, is reminding young people to take advantage of this generous rail discount.
“With many young people set to go back to their place of education or work this September, we want to raise awareness around the great savings young people can be making simply by signing up to a digital 16-25 Railcard.
“Our data shows that so many more people could be saving money on their train journeys and now it’s easier than ever.”
In Trainline’s survey, 65 percent of young Britons said they believe saving for their future is a priority, even more than socialising with friends at 44 percent and their education at 43 percent.
Of this group, 82 percent of those polled said they would purchase a Railcard if they knew the benefits it would have to saving money.
As part of its research into rail travel discounts in the UK, Trainline published a list of the top ten regions which are failing to save with a digital 16-25 Railcard.
London topped the list with around £162million in train tickets savings up for grabs, while the Midlands and Scotland took second and third place, respectively.
How to apply for a 16-25 Railcard
Anyone interested in applying for a 16-25 Railcard can do so via Trainline’s website, which lists all the train discounts available to Britons.
Only those aged between 16 to 25 can apply and the ticket discount is made for students, young professionals and graduates.
To buy a one-year 16-25 Railcard, it costs £30 for those eligible. To buy a three-year card, it costs £70 for those eligible.
Purchasing the latter saves travellers £20 but only people aged between 16 to 23 years old can purchase it.
Railcards can be handled digitally via the Trainline app and they can be used with any compatible device.