Skip to content

Leaked memo indicates Amtrak considering new fees, fare restrictions

Dec. 29, 2019
3 min read
Amtrak Adirondack
Leaked memo indicates Amtrak considering new fees, fare restrictions
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don’t cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.

Editor's note: This post was updated on Dec. 31 with a statement from Amtrak.

Heads up if you're an Amtrak rider: A leaked memo suggests the rail operator will soon make its cheapest saver tickets completely nonrefundable, and add change and cancellation fees to value fares.

As originally reported by Business Insider, Amtrak is searching for ways to become profitable. This move brings the company's ticketing policies closer in line with most major airlines (except Southwest, which never charges change or cancellation fees) — not a huge surprise considering Amtrak's CEO Richard Anderson held the same position at Delta and Northwest Airlines.

For more TPG news delivered each morning to your inbox, sign up for our daily newsletter.

According to the memo, Amtrak may make saver fares (deeply discounted tickets with limited availability) completely nonrefundable after 24 hours of purchase, and add penalties for changing or canceling a value (regular) ticket. Here's a comparison of the current and proposed rules:

Fare Type
Current change and cancellation rulesProposed change and cancellation rules
Saver
Full refund if canceled within 24 hours of purchase

After 24 hours, 25% cancellation fee charged (receive 75% credit on a nonrefundable eVoucher)

Full refund if canceled within 24 hours of purchase

After 24 hours, fare is completely nonrefundable

Value
Full refund if canceled eight days or more before departure

25% cancellation fee if canceled less than eight days prior to departure

No change fee

25% cancellation fee

15% change fee if ticket changed within 14 days of departure

Amtrak would not confirm these changes to TPG, but a representative stated: "We periodically review our policies to keep our fares competitive. It is premature to discuss any potential adjustments."

These changes probably won't mean much for those with firm travel dates, but if you're a business traveler with plans that change frequently, the new fees could sting hard. You could always book a flexible fare (much like full-fare economy on most airlines) to avoid change or cancellation fees, but it will cost you — these tickets are often more than double the price of the lowest saver fares.

Related: The best credit cards for train travel

Change seems to be the theme at Amtrak nowadays as Amtrak recently removed full-service dining from its long-distance routes and made airline-like food and cabin updates to long distance routes serving New York City. And earlier this year, the Amtrak Guest Rewards loyalty program tightened its points expiration policy to 24 months of inactivity (from 36 months).

Daily Newsletter
Reward your inbox with the TPG Daily newsletter
Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG’s experts

TPG featured card

Best for businesses with high spending
TPG Editor‘s Rating
4.5 / 5
Go to review

Rewards

2 - 10X miles

Intro offer

LIMITED-TIME OFFER: Earn up to 400K bonus miles

Annual Fee

$395

Recommended Credit

740-850
Excellent

Why We Chose It

The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)

Pros

  • The Capital One Venture X business card has a very lucrative welcome offer.
  • In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
  • Business owners are also able to add employee cards for free.

Cons

  • The card requires significant spending to earn the welcome offer.
  • Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
  • LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
  • Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
  • Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
  • With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
  • Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
  • Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
  • Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
  • Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
  • Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
  • This is a pay-in-full card, so your balance is due in full every month
Apply for Capital One Venture X Business
at Capital One's secure site
Terms & restrictions apply. See rates & fees
Best for businesses with high spending
TPG Editor‘s Rating
4.5 / 5
Go to review

Rewards Rate

2X miles2 miles per dollar on every purchase
5X miles5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel
10X miles10 miles per dollar on hotels and rental cars booked through Capital One Business Travel
  • Intro Offer

    LIMITED-TIME OFFER: Earn up to 400K bonus miles
  • Annual Fee

    $395
  • Recommended Credit

    740-850
    Excellent

Why We Chose It

The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)

Pros

  • The Capital One Venture X business card has a very lucrative welcome offer.
  • In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
  • Business owners are also able to add employee cards for free.

Cons

  • The card requires significant spending to earn the welcome offer.
  • Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
  • LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
  • Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
  • Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
  • With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
  • Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
  • Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
  • Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
  • Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
  • Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
  • This is a pay-in-full card, so your balance is due in full every month