Season Ticket National Rail

: If you no longer need your ticket, you can apply for a refund, though an administration fee usually applies and the refund is calculated based on the remaining value, not a pro-rata daily rate.

Suddenly, that Annual Gold Card is a monster. You are paying for five days of travel but only using three. The financial logic collapses. You try to sell it back to National Rail, and you discover the "Administration Fee" is calculated using a formula that appears to involve prime numbers and the phase of the moon. You are left with a refund so paltry it feels like an insult. season ticket national rail