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Barclays Cycle Hire - Transport icon or CON
By: Eddie Sica
Today sees the start of a new scheme devised by Transport For London in association with Barclays. We have already seem over 10,000 people register for this cycle hire scheme and it looks set to be a revolution in transport around London.
How cost effective is the scheme though? On face value, it seems pretty reasonable - an Access Fee of ?1 for 24hrs, ?5 for seven days with an annual membership of ?45. Let's have a look more closely at the charges that are not so widely publicised but can be found on the TFL website />
You will also have to pay a Usage charge (time between picking up and returning a cycle)as follows:
Up to 30 minutes FREE
Up to an hour ?1
Up to one and a half hours ?4
Up to two hours ?6
Up to two and a half hours ?10
Up to four hours ?15
Up to six hours ?35
Up to 24 hours (maximum) ?50
On top of that,Fake Jordans Leather Cleaning Tips, we have the "Other charges"
Membership key - ?3 each to release the cycles easily and quickly. You will need to pay the ?3 Membership key fee for each key you request (up to 4 keys)
Late return charge - ?150 if you have the cycle for more than 24 hours or the access period runs out
Damage charge - Up to ?300
Non return charge - ?300
This all seems a bit steep and if you work out the figures,[link widoczny dla zalogowanych], it would be cheaper to buy a bicycle from Halfods for a week as 7 days would cost you ?250 + other charges, membership and key,[link widoczny dla zalogowanych]!