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Who Needs A Fare Hike When The MTA Is There To Nickel And Dime You Into Solvency?

The MTA takes a page from the decrepit bottler/distributor industry by cleaning up on riders who can’t be bothered to use up every last cent on their MetroCards:

Beginning in March, many subway and bus riders will have to learn a new math — and it could leave them scratching their heads. Or gnashing their teeth.

On Wednesday, the board of the Metropolitan Transportation Authority voted to reduce the bonus that riders receive on pay-per-ride MetroCards, from 20 to 15 percent. The board also decided to increase some other fares.

The change in the bonus means many riders will see odd amounts of spare change — as little as a nickel or a dime — left over on their MetroCards. And if large numbers of exasperated riders throw away cards with balances of just 5 or 10 cents, the result could add up to a windfall to the authority in unclaimed fares.

The current 20 percent bonus system makes for simple math: Buy five rides and you get one ride free. In other words, if you feed $10 into a MetroCard vending machine, the card will come out showing a balance of $12.

Under the new plan, the minimum that riders must spend to qualify for a bonus will be reduced to $7, from $10, in an effort to put a fare discount within the reach of more people with lower incomes. But in that case, when someone puts $7 on a card, an additional $1.05 will appear on the card, for a total of $8.05.

If they take four subway trips, at $2 each, that will leave a balance on the card of five cents. If they refill the card with another $7, it will then show a total value of $8.10, enough for four rides, with a dime left over. The real challenge is figuring out how much to put on the card to bring it up to a round sum.

Posted: December 20th, 2007 | Filed under: Consumer Issues, Follow The Money, Jerk Move
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