The Swiss Half Fare Card is fully valid for the Glacier Express, allowing you to purchase the actual train ticket at a 50% discount for either first or second class in 2026. However, there is a crucial distinction: the mandatory seat reservation fee is not discounted. Because the Glacier Express is a premium panoramic train, every passenger must pay a supplement that varies by season (typically higher in summer), regardless of what travel pass or discount card they hold. For a 2026 traveler, this means you will save half the price on the base fare from Zermatt to St. Moritz, but you must still pay the full reservation price, which often includes the cost of the high-end service and large windows. If you already have a Swiss Travel Pass, the base ticket is free, but the same rule applies: the seat reservation fee remains a separate, non-discounted out-of-pocket cost that must be booked well in advance due to the train's extreme popularity.