A modest increase in Citi Bike membership fees for 2016, as well a new monthly payment option, have been announced.
Starting March 1, the price of an annual Citi Bike membership will rise from $149 to $155. Annual members are able to pay in monthly installments of $14.95. Annual membership for NYCHA residents will be held at $60, with a new option to pay in $5 monthly installments.
New members can join with the city’s NYCID card and save 15 percent on the first year.
“This price adjustment will help the program keep pace with rising operational costs and ensure continued ability to deliver excellent service,” said a statement from Motivate, parent company of Citi Bike. The increase is considerably smaller than last year’s rise from $95 to $149.
The Citi Bike system grew by 40 percent in 2015. Improvements since Motivate assumed ownership of the bike share network in 2014 include expansion into additional neighborhoods, bikes with new design features, upgrades to the Citi Bike app, and more valet service to help riders find bikes or open docks at key locations.
Last year saw more than 10 million rides on Citi Bike, making the system the most-used in the U.S.