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I have heard about the Oyster Card for London transportation network. You top it up with cash or credit card, and then you just swipe it in buses, subway, trains, and also when you leave the subway or train station. This way you are supposed to pay the lowest fare possible.

I wonder, is it really more cost effective, than daily or monthly tickets?

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Whether Oyster Card is worthwhile compared to other kinds of tickets is pretty well covered in the answers to this question. –  Jonik Jul 2 '12 at 10:43
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up vote 10 down vote accepted

Honestly, it's the most efficient payment method you could use. It's illogical NOT to get one.

When you buy one, you pay a deposit of 5 pounds. You get this back when you return it - so essentially it's free.

Then you put say, twenty pounds on the card - you can top up as you wish.

After that, ANY random bus, tube or train trip within London is half price. Why would you NOT use it?

If you use it a few times in one day, which it then works out as reaching the price of a day ticket, it stops charging you. Unless you go to a different zone of course, but even then if you hit the limit for say, two or three zones, it'll match that too.

Then if you're there for a week, you can buy, say, a zone 2-3 ticket and have unlimited travel in those zones for the week.

It's faster, cheaper and easier than paying for separate tickets.

For more information, check out the TFL website.

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You can buy a travel card and put it ON your Oyster. So in that case, it works out the same price, and then what I would do is add say another 10 pounds, just in case you want to travel out of zone, you can do so at a reasonable price. –  Mark Mayo Jul 1 '12 at 18:30
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Monthly ones are harder, you have to register with photo ID (at least you used to), and aside from one year, it was always too much hassle for me. –  Mark Mayo Jul 1 '12 at 18:31
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@Tschareck - you will find all the caps that Mark Mayo is talking about here : tfl.gov.uk/tickets/14416.aspx. Oyster is the best way to get around for sure! –  MaddHacker Jul 2 '12 at 16:12
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Thanks Mark. Do you know the concession it offers to students in London? Thanks. –  Bravo Jul 3 '12 at 5:39
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@Shyam, you can find out more about Oyster student discounts here: tfl.gov.uk/tickets/14312.aspx –  Andrew Ferrier Jul 5 '12 at 13:08
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