Are Amtrak tickets refundable?

As with airlines, it depends on the fare. Currently, Amtrak offers “Saver” fares, which are non-refundable, but can be cancelled and the value applied to a future ticket; “Value” fares, which are refundable, but incur a 20% refund fee if cancelled within 48 hours of departure; and “Flexible” fares which are fully refundable. Tickets on unreserved trains always carry a 20% refund fee.