London Banter - View Single Post

[email protected] · October 8th 14, 01:17 AM posted to uk.transport.london

In article ,
(David Cantrell) wrote:

On Mon, Oct 06, 2014 at 01:55:00AM -0500,
wrote:

Why on earth would anyone who visits London 2 or 3 times a year
have any use for auto-top up?

Just consider the costs of auto-topup vs topping up manually. Auto-topup
means that you have, on average, a tenner or so of your money not
immediately available to you. You also miss out on 0.00000001% interest
on that money in your bank account. Topping up manually means that for
each of those 2 or 3 times a year you need to waste a few minutes in a
queue.

For most people the cost of auto-topup is pennies, so is far less than
the cost of queueing. Therefore auto-topup is better.

You are forgetting the non-trivial chance of losing or mislaying the card so
the whole value is lost to you, at least temporarily. TfL make a lot of
money from that. I have no intention of contributing.

--
Colin Rosenstiel