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Mastercard Will Refund Your Subway Fare This Summer With MTA's New Contactless System
Jordan Allen
Contributor
May 30, 2019
•
2 min read
Mastercard Will Refund Your Subway Fare This Summer With MTA's New Contactless System
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Now is a pretty sweet time to have a Mastercard.
Following the recent roll-out of "tap-and-go" contactless subway turnstiles in New York City, Mastercard is introducing Fareback Fridays — a program that will refund passengers for their trips every Friday in June and July if they use their contactless Mastercard method of payment at the subway turnstiles.
The promotion is active at any station between Grand Central and Atlantic Avenue-Barclays Center on the 4, 5 or 6 subway lines for a single-fare ride. But make sure be mindful of your free trips — refunds are limited to up to two rides per person per Friday. Mastercard will be refunding for cardholders using its debit, credit, or any Mastercard through a contactless-enabled device such as a smartphone or an Apple watch.
A one-way subway fare costs $2.75 (or $3 for a single-ride ticket), so this promotion could save you $5.50 per day (or $6 if you were doing two single-ride tickets). Not too shabby for a summer Friday commute.
The promotion ends on July 26, 2019.
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Featured image by ANDREW HARRER/BLOOMBERG VIA GETTY IMAGES
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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
Go to reviewCard Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
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