Is it cheaper to use EZ-Link or bank card?

EZ-Link vs. Bank Card: Navigating Singapore’s Public Transport Payment Maze

Singapore’s public transport system boasts a sophisticated fare payment system, offering commuters various options for seamless travel. The most common choices are EZ-Link cards (specifically, the SimplyGo version), contactless bank cards, and mobile wallets. While all three provide contactless payment convenience, choosing the most economical option depends on individual circumstances. Let’s break down the cost implications of each.

SimplyGo EZ-Link Cards: Convenience and (Potential) Savings

The SimplyGo EZ-Link card is a significant player in the Singaporean transport scene. Its key advantage lies not in its intrinsic cost, but in its functionality. SimplyGo automatically deducts fares from linked bank accounts, eliminating the need for manual top-ups. However, the real potential for savings comes for eligible cardholders. SimplyGo Concession cards offer subsidized fares for students, seniors, and persons with disabilities, making this option considerably cheaper than using a bank card or mobile wallet for these groups. For those ineligible for concession fares, the SimplyGo card itself doesn’t offer a direct cost advantage compared to using a contactless bank card.

Contactless Bank Cards: Simplicity and No Hidden Fees

Contactless bank cards offer a straightforward approach. You tap your card at the reader, and the fare is directly debited from your linked bank account. This method is generally free of any additional charges beyond the standard fare itself, making it a transparent and cost-effective choice for those not eligible for concession fares. The lack of a separate card to manage is also a significant convenience factor.

Mobile Wallets: Added Features, But Not Necessarily Cheaper

Mobile wallets like Apple Pay and Google Pay offer similar functionality to contactless bank cards. You can link your bank account or credit card and pay for transport with a tap of your phone. While often convenient, mobile wallets don’t inherently offer cost savings compared to a contactless bank card. They may integrate with rewards programs, providing minor perks, but these shouldn’t be considered substantial cost reductions compared to the straightforward payment system of a bank card.

The Verdict: It Depends

There’s no single “cheapest” option universally applicable to all Singaporean commuters.

• For eligible concession cardholders: The SimplyGo Concession card is undeniably the most economical choice due to the subsidized fares.
• For everyone else: Contactless bank cards and SimplyGo (non-concession) cards are virtually equal in cost. The choice largely comes down to personal preference – some prefer the automatic top-up of SimplyGo, while others value the simplicity of a single bank card for all their transactions. Mobile wallets are a matter of personal preference and rarely offer demonstrably cheaper fares.

Ultimately, understanding your eligibility for concession fares is the key to determining the most cost-effective fare payment method for your situation. Consider your individual needs and preferred level of convenience when making your choice.