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Even though I'm from the UK, I try to avoid London as I'm not a fan of cities.
So, whilst I can't answer on options, since I've only ever had a one day travelcard, I can say is that it's much nicer having the Oyster card, since they are magnetic and you just touch the machine and walk through, instead of slotting in the travel card and having it come back out.
Sorry that's all I can help with though.
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