Page 125 - Credit Matrix: The Path to Financial Liberation Red Contract

Hack #16 The Uber Credit Method

**Understanding the Strategy**

The Uber Credit Method is an innovative approach tailored for those who
frequently use Uber for transportation. This strategy involves the use of a credit
builder card to purchase Uber gift cards on a deferred payment plan, such as
through Afterpay, which then are used to fund your Uber rides. It’s an efficient
way to manage your transportation budget while simultaneously building your
credit score.

**How It Works**

1. **Purchasing Uber Gift Cards**: Begin by purchasing an Uber gift card using a
credit builder card through a marketplace that offers installment payments, like
Afterpay. If your weekly transportation costs are around $100, you can buy a $100
Uber gift card.

2. **Flexible Payment Plan**: With the installment payment option, you only need
to pay a portion of the gift card's total value upfront – for example, $25. The
remaining $75 can be paid over the next six weeks.

3. **Applying Gift Card to Uber Account**: Once you have purchased the gift card,
apply it to your Uber account. This credits your account with $100, which you can
use for your rides during the week.

4. **Budgeting for Repayment**: Since you get paid three times within the
six-week period, you can strategically plan to repay the balance of the gift card
with your earnings, making it a manageable expense.

5. **Maximizing Credit Reporting**: To enhance the impact on your credit history,
use the Super.com card for purchasing the Uber gift card. The Super.com card is
known for reporting transactions to credit bureaus more frequently, thereby
doubling the credit-building effect of each purchase.

6. **Saving on Immediate Expenses**: This method allows you to manage your
immediate cash flow better by reducing your upfront spending on transportation.
You essentially get a short-term credit line for your Uber rides, which you can pay
back over time.