The change means SEPTA Key cardholders and people who pay with credit and debit cards would no longer be charged $2 for a ride and instead pay the full fare of $2.50.

SEPTA’s first fare hike in seven years goes into effect on Sunday, Dec. 1. The discounted base fare increases from $2 to $2.50 on buses, subways and trolleys. That's the same as the current cash fare.

Most single-trip fares on Regional Rail will also go up to make Travel Wallet and Quick Trip prices the same. SEPTA says the fare increases are expected to bring in nearly $14.5 million in annual revenue.

PHILADELPHIA (WPVI) -- SEPTA fares are going up on subways, trolleys, and buses, beginning on Sunday, Dec. 1. The board approved the 7.5 percent increase earlier this month, as the transit agency faces a massive $240 million budget deficit.

The 7.5% hike raises Travel Wallet transit fares from $2 to $2.50. Most single-trip fares on Regional Rail will increase as well. But all daily, weekly and monthly passes will stay the same price.