At a glance
• TfL has signed a multi-year deal with online bank Chase, replacing Google Pay as the sponsor that features on 5,000 Tube contactless barriers
• Travellers paying with a Chase debit card will get 1% cashback on their fares (up to £180 a year)
• Branding has begun at 12 of the busiest Tube stations, with the rest of the network (including Overground, Elizabeth line and DLR) following in January
Thousands of Tube station ticket barriers are getting a new look – with passengers being offered up to £180 a year “cash back” on their fares.
Transport for London has signed a new sponsorship deal with the online bank Chase, and its blue and white logo will feature on about 5,000 “contactless” barriers on the London Underground.
Passengers who use a Chase debit card to pay for their Tube or TfL rail fare will qualify for cash back equivalent to one per cent of the cost of their travel.
The roll-out of the new logos started on Monday at 12 “priority” stations: King’s Cross, Victoria, Waterloo, Tottenham Court Road, Liverpool Street, London Bridge, Oxford Circus, Bank, Euston, Moorgate, Bond Street and Canary Wharf.
The remaining 260 Tube stations will be rebranded in January. TfL is expected to disclose the value of the “multi year” contract in the coming days.
TfL’s deal with Chase, the retail brand of JP Morgan Chase bank, replaces Google Pay as the “official paymemnt provider” for TfL.
Passengers can continue to use Oyster cards or Contactless cards provided by other banks on the barriers.
Chase’s logo will also appear at TfL’s London Overground train stations and Elizabeth line stations and the DLR network.
More familiar yellow-coloured card readers will remain in place on the TfL bus network and on rail services.
Other “activations” promoting the Chase brand will appear across the TfL network at a later date.
Emma Strain, customer director at TfL, said, “Pay as you go with contactless is the most popular way to travel using public transport in London and this commercial partnership with Chase is a great example of how TfL can work with brands.
“We look forward to working with them on a range of customer-focused activations across our network in the coming years.”
About 75 per cent of all journeys made on TfL services are made using pay-as-you-go with Contactless.
Income generated from the deal will be reinvested in TfL services.
Kuba Fast, UK chief executive of Chase said: “We are delighted to announce our new partnership with Transport for London.
“Our joint commitment to helping people progress while providing an exceptional experience, creates an exciting platform for us to further enhance the travel experience for Londoners and visitors alike.”
Chase said its debit card customers can one per cent cashback on groceries, transport across the UK and fuel.
After the first year, Chase customers need to pay in at least £1,500 a month to qualify for the cashback, which is capped at £15 a month.
