It is significantly cheaper to travel in London using an Oyster card than it is to purchase individual tickets for each trip. The only reason you would want to just buy individual tickets is if you are only using public transportation once or twice during your stay.
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The PAYG Oyster card is the cheapest and most flexible way to pay for travel, especially if your visit to London is between 1–5 days. Even if it's only for a few journeys, it's much cheaper than paying the full cash fare.
It is significantly cheaper to travel in London using an Oyster card than it is to purchase individual tickets for each trip. The only reason you would want to just buy individual tickets is if you are only using public transportation once or twice during your stay.
You can add money to an Oyster card or use contactless (card or device) straight away. You only pay for the journeys you make and it's cheaper than buying a paper single or return ticket (train companies may offer special deals on some journeys).
However, if you plan on using public transport regularly in The London area, then an Oyster Card should be the better option for you. This is because you'll be eligible to get a Railcard (which can only be connected to Oyster cards, not contactless cards) and get consistent discounts off travel in the city.
Cons: A £7 cost applies when you get a standard or visitor card. You'll need to top it up in advance of travel. You can't use an Oyster card at any station between Reading and Iver.
As a general rule a Travelcard is more expensive than an Oyster card or Contactless payment card. The exception is if you make 3 or more journeys for 6 days or more within a 7 day period. In this case a 7 day Travelcard works out cheaper than an Oyster or Contactless payment card.
If the time between touching in at the start and touching out at the end of your journey is more than the maximum journey time limit, you'll be charged two maximum pay as you go fares. A single maximum fare is: up to £9.40 in Zones 1-9. up to £26.00 beyond Zone 9, including on the Heathrow Express.
1. Get an Oyster card. As you move around London you will spot locals tapping something against a yellow card reader at the underground turnstiles, on buses, trams, and even on the Thames Clipper Uber boat. This is an Oyster card, and it is an incredible 50% cheaper than buying single tickets or a paper travelcard.
The cheapest ways to get around London include walking, getting an Oyster card, avoiding travel at peak hours, cycling, taking the bus for long-distance, cruising the Thames Clipper, and taking the Docklands Light Railway (DLR).
A Visitor Oyster Card costs £5. You can then pre-load the card with pay-as-you-go credit, in quantities of £10, £15, £25, £40 or £50. The Visitor Oyster card is the cheapest way of getting around London as the maximum daily charges mean you travel free after you reach the 'daily cap'.
The Oyster card was a trailblazer in leading contactless travel in central London and beyond. However, just like they made buying tickets with cash redundant, they themselves are being phased out as more travellers turn to other contactless payment methods.