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Hi Mr Gordon,
Yes, you can use the card until the expiry date. Even better, you can buy a new card right before your 26th birthday, and use it all the way through till almost your 27th birthday.
I did this last year, applying for a new card just before my 26th birthday. I'm not sure what the small print says, but both me and my girlfriend did it and no questions were asked.
Whether you'll save enough cash to make it worthwhile depends on how much you use trains, but for me the benefit was clear.
Cheers
John.
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