Britons spend around ￡1.8 billion on train tickets annually
Sainsbury’s Bank finds a solution for train travelers?. Source:?shutterstock.com
Sainsbury’s Bank has launched a Train Ticket Calculator to help travelers understand how much they could save if they buy their season tickets in advance.
Bank’s analysis revealed that UK travelers spend on average 10% of their salary on annual train tickets, reaching an average of ￡2,605 annually. The analysis also shows that customers purchasing annual tickets from South West Rail paid the most at ￡3,780 each, followed by South East Trains at ￡3,662. They are followed by Northern Rail users who spent an average of ￡1,014.
A study found that just under a quarter (23%) of commuting users at least 3 times a week buy annual season train tickets. Along with that, monthly travel cards are the most popular choice of the ticket (34%), whereas 20% of commuters buy daily tickets.
As to the payment methods, travelers are most likely to use a debit card (40%) to pay for their train tickets. 1 out of 8 (12%) uses a credit card with a standard annual percentage rate. The analysis says that only 8% of commuters put the cost on a 0% purchase credit card.
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