NYC Plans to Ditch MetroCard in Effort to Modernize Public Transportation System
Update: Some offers mentioned below are no longer available. View the current offers here.
The nation's largest public transportation system is expected to get a major overhaul. New York City's Metropolitan Transportation Authority (MTA) will likely approve a new payment system, which will, in turn, make the current MetroCard a thing of the past.
According to The New York Times, the MTA is expected to approve a $573 million contract, which will replace the outdated paper MetroCards. Instead, the city's subway and bus systems will adopt a more modern and convenient payment method — by waving their phone, credit or debit card at the turnstiles for subways and on the fareboxes for busses. The new system would be similar to what's been used on the London Underground for years, and will also be used on the Long Island Rail Road and Metro-North systems.
If approved on Monday afternoon, the electronic readers will be installed beginning late next year on 500 subway turnstiles and 600 busses. By late 2020, the system will have reached the rest of the subway stations and busses in the MTA's network. Even though the new technology will be completely implemented by late 2020, the MetroCard won't be phased out completely until 2023.
The new system will be a huge improvement for riders, who will no longer have to swipe their MetroCard at a subway turnstile or when entering a bus. Instead, riders will be able to tap and go. In addition, the new system will be pay-as-you-go, rather than prepaying a selected amount up front. Some things will stay the same. Rather than adopting a distance-based fare system like London uses, Joseph J. Lhota, the chairman of the transit authority, said that he's not contemplating changing the MTA's flat-fare structure.
Of course, regardless of how the your payment for each ride is processed, the charge should still register the same. Using a credit card that will earn you the most on your travel purchases is the best choice, and that should remain true even when this new system is potentially implemented. Cards like the Chase Sapphire Reserve will earn you 3x points on travel purchases, including those on public transportation.
TPG featured card
at Capital One's secure site
Terms & restrictions apply. See rates & fees.
| 5X miles | Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel |
| 2X miles | Earn unlimited 2X miles on every purchase, every day |
Pros
- Stellar welcome offer of 75,000 miles after spending $4,000 on purchases in the first three months from account opening. Plus, a $250 Capital One Travel credit to use in your first cardholder year upon account opening.
- You'll earn 2 miles per dollar on every purchase, which means you won't have to worry about memorizing bonus categories
- Rewards are versatile and can be redeemed for a statement credit or transferred to Capital One’s transfer partners
Cons
- Highest bonus-earning categories only on travel booked via Capital One Travel
- LIMITED-TIME OFFER: Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening - that’s equal to $1,000 in travel
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
- Top rated mobile app


