Exploiting details of transit card data during the period 2013-2015, we provide evidence that a large number of commuters on the New York City public transit system purchase a weekly (7-day) unlimited-ride transit pass every week and continue this purchase pattern for more than 11 months. As a monthly (30-day) pass costs roughly the same as three and a half weekly passes, these commuters spend more money on transit fares with repeat weekly passes than they would have with monthly passes while receiving the same level and quality of transit services. These repeated weekly pass commuters predominately live in low-income neighborhoods, which may proxy for liquidity constraints. Low-income commuters may be unable to spend a large amount at one time for a monthly fare, opting instead to buy weekly fares that are cheaper in the short-term but much costlier in the long-term. Alternative mechanisms such as time inconsistency and job instability alone are unlikely to explain the observed behavior of recurring weekly pass commuters. These commuters would benefit significantly from a monthly fare cap, in which a rider can ride free for the rest of the month after reaching the equivalent monthly pass fare using the same transit card in a calendar month.