News for hackers. Stuff that matters.

A comment on Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue. Parent comment

Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by chrisper on Monday December 19, 2016 @09:05PM (#13216800)
Oh wow. I wonder how upset you would be when you realize that some gas stations put a $100 hold on your credit card. Btw. a hold is not a charge. A charge is only when it shows up on your credit card bill as a charge and not as a hold.

I do not see what the issue is with having a $25 hold? It's not a charge.

[ Parent | on HN ]
Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by Cyph0n on Monday December 19, 2016 @09:09PM (#13216819)
Yes, but the amount is held for a few days. Even after cancelling the ride, it took 3 days for the hold to clear.

I'm still building credit (no history), which is why I'm not using a credit card. I believe holds only take place with debit cards.

[ Parent | on HN ]
Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by chrisper on Monday December 19, 2016 @09:12PM (#13216829)
Ohh. That makes sense. So it took $25 away from your actual money, right? I can see how that is trouble some.

Sorry, I assumed you used a credit card.

[ Parent | on HN ]
Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by Cyph0n on Monday December 19, 2016 @09:14PM (#13216832)
Yeah, straight from my checking account. No worries bro :)
[ Parent | on HN ]
Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by gschier on Monday December 19, 2016 @09:15PM (#13216837)
Using a credit card builds your credit. Just remember to always pay it back (in full) on time.
[ Parent | on HN ]
Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by Cyph0n on Monday December 19, 2016 @09:17PM (#13216856)
Haha, you're right - I did not phrase that correctly: I use a secured CC sparingly to avoid over-utilization. In this case, I had to use my debit card.
[ Parent | on HN ]
Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by ohwello on Tuesday December 20, 2016 @02:18AM (#13218086)
Utilization has no lasting effect on your credit score - if you have 100% utilization one month and pay it off next month, your credit score will be the same as if your utilization was 0% the whole time. It doesn't matter for building credit in the long term.
[ Parent | on HN ]
Re:Uber's Loss Exceeds $800M in Q3 on $1.7B in Net Revenue by Cyph0n on Tuesday December 20, 2016 @08:07AM (#13219445)
I see, thanks for the info. I will keep that in mind.
[ Parent | on HN ]