The idea for a farecard with a magnetic strip for the MTA system was proposed in 1983. It was the "highest priority" for then-MTA Chairman
Richard Ravitch. The card would replace the tokens that were, at the time, used to pay transit fares. This plan was generally supported by the public. In 1984, Ravitch's successor
Bob Kiley said that he would try to create a system for the new farecards within the next four years. However, bureaucratic actions and disagreements delayed the rollout of the system. In March 1990, the MTA board voted to allocate funding for the magnetic fare collection system. Three months later, the New York state legislature voted to allow the MTA to proceed for its plans for the new system. By 1991, the token technology was becoming dated: almost all other transit systems were using magnetic farecards, which were found to be much cheaper than the token system. In July of that year, the MTA board approved the roll-out of the magnetic farecard system. The MTA opened a request for bids to furnish and operate the farecard system, and
Cubic Transportation Systems offered the lowest bid at $100 million. On October 30, 1992, the installation of Automated Fare Collection turnstiles began. The farecard system was given the name MetroCard by April 1993. At the time, the first subway stations were supposed to receive MetroCard-compatible turnstiles before year's end, and buses were scheduled to be retrofitted with MetroCard collection equipment by late 1995. On June 1, 1993, MTA distributed 3,000 MetroCards in the first major test of the technology for the entire subway and bus systems. Less than a year later, on January 6, 1994, MetroCard-compatible
turnstiles opened at
Wall Street on the
IRT Lexington Avenue Line () and
Whitehall Street–South Ferry on the
BMT Broadway Line (). On July 4, 1997, the first free transfers were made available between bus and subway at any location with MetroCard. This program was originally billed as MetroCard Gold. Card colors changed to the current blue lettering on goldenrod background. The 1-Day Fun Pass was introduced on January 1, 1999, at a cost of $4. The first
MetroCard Vending Machines (MVMs) were installed on January 25, 1999, in two stations, and by the end of 1999 347 MVMs were in service at 74 stations. On April 13, 2003, tokens were no longer sold. Starting May 4, 2003, tokens were no longer accepted, except on buses. The following fare increases were implemented: •
Base fare increased from $1.50 to $2.00 •
1-Day Unlimited MetroCard fare increased from $4 to $7 •
7-Day Unlimited increased by $3, to $24. On March 2, 2008, another set of fare increases was implemented: •
1-Day Unlimited fare increased by 50 cents, to $7.50. •
7-Day Unlimited fare increased by $1, to $25. •
1-Day Unlimited fare increased by 75 cents, to $8.25. •
7-Day Express Bus Plus fare increased by $5, to $50. As a result of
Hurricane Sandy in October 2012, three free transfers were offered on the MetroCard. The first was between the
Q22, the
Q35, and the at the
Flatbush Avenue–Brooklyn College subway station. On December 19, 2012, the MTA voted for the following fare increases: •
Base fare and
single-ride ticket increased by 25 cents, to $2.50. •
7-Day Unlimited MetroCard fare increased by $1, to $30. On March 3, 2013, a $1 fee was imposed on new card purchases in-system in order to reduce the number of discarded MetroCards. However, MetroCards purchased through the Extended Sales retail network carry no new card fee. On March 22, 2015, the MTA voted for the following fare increases: •
Base Fare increased by 25 cents, to $2.75; •
Express Bus fare increased, to $6.50; •
7-Day Express Bus Plus fare increased by $2.25, to $59.50; All buses and subway stations would use the OMNY system by 2020. However, support of the MetroCard is slated to remain until 2023. After uncertainty over whether the program would be implemented, the half-fare MetroCards were rolled out starting on January 4, 2019. Initially, the reduced-fare MetroCards would be rolled out to 30,000 residents, though another 130,000 New Yorkers receiving
SNAP benefits would also be allowed to receive the half-fare MetroCards in April 2019. However, in the revised plan, only a portion of the originally projected 800,000 residents (around 20%) would be eligible for the reduced-fare cards. •
7-Day Unlimited fare increased by $1, to $33; •
Express Bus fare increased, to $7.00 •
7-Day Unlimited fare increased to $34 •
7-Day Express Bus Plus fare increased to $64.00 •
30-Day Unlimited fare increased to $132 •
Single Ride ticket increased by 25 cents, to $3.25 The MetroCard itself cost $1. ==Retirement==