I'm reviving this thread! I have an Oyster card question. I know you pay a £3 deposit (refundable) for a card, then you top up as much as you want. Right? And then the fare drops to something like £1.50? Do I have that right? So what's the advantage over a 1-day pass thing? I mean, if you're sightseeing and are going to be taking 4-5 tube rides over the course of the day, wouldn't it cost more to use an Oyster card? Or am I missing something? Help!
Okay. The Oyster card is very smart and will ALWAYS cap itself at the price of a daily travelcard. So if you choose to use your Oyster around the city all day, it will never charge you more than if you bought a 1-day paper ticket.
Using your Oyster for single journies is cheaper than a paper ticket. A paper ticket is £4.00 for a journey within Zone 1, whereas the Oyster card will only charge you £1.50. Therefore, if you take 4 Tube journies, the first 3 will be charged as normal (£1.50 apiece), but on the 4th one, you will only be be charged a further 80p (making the total £5.30, the price of a 1-day paper travelcard) and no more for any subsequent journies that day. (this is assuming you are travelling after 9:30am. Journies before then have different pricing)
Hope that makes sense! An Oyster card is a smarter way to travel without having to mess with paper tickets. It's also far cheaper to use than single paper tickets and never costs more than the equivalent paper travelcard.
I want to say they're doing away with the deposit scheme, because I SWEAR my parents didn't pay £3 last summer, but don't quote me on that.
I'm the London travel queen, so feel free to ask more questions, lol.