![[Afterpay] Add Afterpay to Uber Wallet & Get 30% off Your Next 4 Eligible Orders (Min $30 Spend, Max $20 off) @ Uber Eats App](https://files.ozbargain.com.au/n/29/924429.jpg?h=26a66cda)
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Afterpay4au
First 20,000 users only. Exclusions apply. Min spend AUD$30, max discount AUD$20. Offer valid for participating merchants
[Afterpay] Add Afterpay to Uber Wallet & Get 30% off Your Next 4 Eligible Orders (Min $30 Spend, Max $20 off) @ Uber Eats App
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Uber Eats Referrals
Referral: random (1306)
$0 Delivery Fee on your First Order. Referrer receives something too (Likely free delivery on next order). Cannot be stacked with new user signup codes.
2 × $10 off for Referee, $10 off for Referrer: random (58)
Targeted referral offer.
Referee gets two $10 discounts on minimum $20 orders at select stores, valid for 56 days. Referrer gets one $10 discount (same conditions), valid for 28 days. Users may refer up to a maximum of 50 new users.
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Comments
literally! its really nasty buisness ploy
100%
Not to mention, if you can afford to buy takeaway with money in your account, you can't f-ing afford it with installments. It's insanity to me that people would consider buying such a luxury with a pay in 4 service
Afterpay didn't invent credit, stop with the hysterics.
They invented credit for kmart mums who can't qualify for a regular credit card, so it is still a new level of dystopia
I feel victim to this Uber AfterPay promotion.
I suffered a credit check and then the Uber order with Afterpay wouldn't process.
When I followed up with Afterpay, they refused to resolve and said the algorithm made the decision.
I then had to battle to get my Afterpay account closed.
Just a warning to all
Not worth the neg sounds like a person issue, anything wrong with your accounts? (dodginess)
can stack with 10% off uber gift cards?
No because you are using afterpay
You can stack by changing payment method to uber gift cards after the order has been fulfilled.
Has been done for previous deals too:
https://www.ozbargain.com.au/comment/16815965/redirWould be interesting to see how that happens because your afterpay installments won't be cancelled?
What you have linked is someone's suggestion it might work?
The afterpay installments are cancelled and the original payment is refunded.
I did it for the previous promo that I linked.
@Tandas: Yep did for last 50% off promo. Paid with afterpay and order got discount and afterpay made me pay 1st instalment upfront. Got food and then switched payment method to uber cash. Same amount taken from uber cash balance and got a full refund of 1st instalment and the remainder were cancelled
@nicholasv: How do you change payment to gift card? It’s only giving me option off Apple Pay and credit card. When I tap on gift card nothing happens.
@unity1: Have to put order through afterpay first, and then after you get the receipt email then you can change payment method under orders. And just press "uber cash"
@nicholasv: Thank you so much. Will give that a go. I’m trying to change payment before the payment has gone through.
@unity1: Yeh if you do it before you make payment then you won't get the afterpay discount. So have to pay through afterpay first, and then change, and you'll still get the 30% off
@nicholasv: I completed payment and the receipt is showing it went under uber cash. Not sure how that happened.
I couldn't switch to uber cash post payment anymore (was working last month), just tried on app for yesterday's order and it said "sorry we couldn't swtich your payment" when I submitted the changes. Now the 2nd order with afterpay immediately showed that "sorry we couldn't swtich your payment", when I tried to switch payment, wouldn't let me to even try further
I switched to uber cash after my order today and it worked fine
How would the bank know what your afterpay limit or installment pay services limit is?
No, not on credit report, which works against you a lot of the time. Some may ask you to disclose it, others may just assume the amount based on repayments - it's up to the bank and their internal lending criteria.
The issue is most won't even ask, they'll just apply generic assumptions which in aren't actually accurate for someone who's smart with money or using it purely for profit off deals like this.
Credit cards aren't as bad because they show as 'closed' on your credit report when you close them; they can see exactly how much unsecured credit you have available. IE they might ask you to close a card if you're pretty borderline on your borrowing power.
This is clearly a bias measure and incorrect, as you stated yourself there are people to sign up to BNPL for bonuses like this.
Credit risk has some of the smartest people working there and I can’t believe no one there haven’t yet or didn’t at all consider cases like this.
as you stated yourself there are people to sign up to BNPL for bonuses like this.
Not a factor they consider strongly. It's like the VPN deals - the idea is it sucks people into paying for the service(s) later on. The average consumer usually falls into that trap. OzBargainers very likely don't, but banks won't assume that.
I think you are missing the point here.
It’s not about being a strong factor or not, but it is still a factor itself regardless of whether it is a strong or soft factor, and should be taken into account. Something like this may not be easy to integrate, but again credit risk hires some of the smartest people around, unless if these smart people are not smart enough.
and should be
They're under no obligation to assess the risk further and can deny on such grounds. A single Centrelink payment, afterpay transaction, whatever it may be. There is legislation about what credit history they can consider, but there's absolutely no obligation to take anything into explaining transactions or spending habits into account before denying an application.
Something like this may not be easy to integrate
This is the point, and while they are usually intelligent people, their KPIs don't relate to how many applications they get through that are on the surface risky; their goals aren't at all to make your risk appear lower. Their goals are to process as many applications as quickly as possible, while avoiding risk.
It's simply more profitable to knock back the application and process 3-5+ others in the time it'd take to analyse and understand the questionable transactions and spending habits, and assess that risk. This is especially true for non-bank lenders, which is a large part of the market now - they typically get upfront kickbacks for approved applications so their aim is to approve as many as quickly as possible.
If you're going through a broker, their job is to understand your circumstances and help ensure approval; they'll allocate the extra time for that. They may charge a fee or you'll end up with a higher rate though (due to their commission), as they're providing a service. Credit assessors have no obligation to provide such a service and as it doesn't allign with typical KPIs for such roles a lot wouldn't.
unless if these smart people are not smart enough
They're typically quite knowledgeable, but their job isn't to approve everyone or make your risk look lower. Their KPIs are application assessment speed and overall approvals; doesn't overly matter how many they deny. Plenty more fish in the sea.
Note this doesn't necessarily relate to lending criteria itself, they may well perfectly meet their internal criteria if they assessed further, it's simply more profitable for the business to have CAs churning through 6-8+ application approvals a day and denying anything complex very early on. The alternative of reducing that rate to increase approval ratio doesn't make sense in a business context.
Especially for non-bank lenders, they often have a key aim of denying complex applications as quickly as possible to spend as much of their time as possible churning through easy approvals.
tl;dr:
Their job is to churn through as many applications as possible; not to spend extra time understanding complex spending habits trying to prove the risk is low enough for approval. They'll simply deny risky applications and move onto the next.@Dyl: There is one major fallacy in your comment above. It is not more profitable to reject those who have BNPL solely for bonuses like this, in fact it is the other way around where it is actually more profitable to the bank to take on these people because they are not of bad credit risk, but they’re just taking advantage of BNPL bonuses like this.
It’s not about there’s no obligation to access the risks for cases like this, it’s about the opportunity for the bank to make more money.
As I said, credit risk hires some of the smartest people. I am sure these smart people will be able to think of a way to not having to spend too much extra time to identity segment of customers like this. Unless of course, if these people are not smart enough
@ilovefullprice: Hate to break it to you, but credit risk people doing home loan applications are box tickers. Maybe the people that write the policy that everyone follows are clever, but there isn't a lot in it to be honest.
@serpserpserp: Exactly this, and their KPIs relate to churning through applications not number of boxes ticked.
They have absolutely no incentive to spend extra time to get an extra box ticked for you.
Also the fact that with online lending and fintech on the rise, these boxes are very easily crossed instead before a human even looks at the application.
@serpserpserp: I am referring to those who write the policies, build the models and monitors the risk portfolios.
@ilovefullprice: I see the point you’re trying to make and don’t disagree, but some make the business decision to simply skip the applications instead of spending extra time analysing it, questioning the applicant, and ultimately determining it’s for a profitable sign up bonus only.
Secondly there’s the factor of the average consumer - look at VPN cashback for example. The average consumer must continue their subscriptions or it wouldn’t be a profitable business model to keep offering 100%+ cashback sign up bonuses. To determine you’re not an average consumer is a whole different ball game - your ozbargain profile isn’t apart of your credit report.
It all varies by bank because as you point out, the profit of approving is a huge incentive - literal thousands per a loan. The industry has shifted a bit though where there’s now a focus on churning through applications as quickly as possible and profiting off the higher raw volume of applications, at the cost of a lower approval ratio. It usually proves more profitable, especially for non bank lenders who get instant payouts for signups instead of trailing interest.
As an example:
A credit assessor assessing 6-8 applications and approving 4-6 is more profitable than one assessing 2-3 and approving 2-3 a day. (These numbers are publicly available claims of my previous employers white label service; not precise internal data. Precise statistics would be intellectual property)It is a newer business model, but one many (especially non bank lenders) align with.
@Dyl: Again as I said, credit risk hires some of the smartest people. I am sure these smart people would be able to think of a way to not having to spend too much extra time in identifying segment of customers like this. Unless of course, if these people are not smart enough
Once the risk portfolio teams have figured out a way to check this, then it’s going to be a matter of ticking a box.
My bank has never requested bank statements for a home loan application
Is it a higher interest rate? Not knowing spending habits is an increased risk for them to take on… Unless you have solid job stability and borrowing well below your borrowing power (ie income well above requirements, so they can just assume you have a good deal of disposable income and it's not relevant).
Certain professionals like doctors, teachers, etc with a long work history they may require a lot less. it can just be assumed based on your income and role that you have enough to make repayments and have good job security.
As mentioned it only really matters anyway if you're borrowing close to your maximum borrowing power; it could potentially subtract even $20,000-30,000 from the amount you can borrow just for using afterpay a few times, even if it was for a literal profit. Not a huge difference, but something to consider for some. (Think circumstances like young couples aiming for a home loan, where they know their roles are stable and pay increases / career progression is very likely etc. It could be the difference that gets them over the line. In reality they can very likely make payments without any financial stress at all, but on paper it may look close)
I use these deals personally anyway because I'm on the pension now and live off it + share portfolio income, none of that is really considered by banks. Despite actually having decent after tax income (ironically higher after tax income now than when I was pre approved for a loan while working), I wouldn't even get considered for a loan anyway now.
All that means is that you've never actually applied for a home loan. It's one of the main things they HAVE to check, to see if anything you are claiming in terms of income and expenses is accurate or concerning.
I was pre approved for a loan while working
As per previous comment, I've had preapproval before. Backed out of the sale though when I received strata information (there was a lot of issues in the property the strata was struggling with)
You're correct misreporting of income or expenses is a huge red flag, not relevant to what I'm saying though. You could accurately report everything, but if there's afterpay or other similar interest free unsecured consumer loans, there's a risk you may take out further loans and/or be reliant on them. Especially so when moving into a new house - that's exactly the point stores like Harvey Norman secure customers on larger interest free loans, ie for brand new furniture…
p.s. I worked in the industry for a few years. It doesn't relate to internal lending criteria so is information I can share here, I know everything I'm saying is factual. Credit assessors have KPIs relating to volume of applications assessed and raw number of approvals; not approval ratios. I'm not sure any bank gives a crap about approval ratios or spending hours assessing a messy application when they can instead churn our 6-8 easy ones in a day and make the company $15k.
Fair few down votes on this but I think it's honestly a fair consideration for say a young couple looking to purchase soon - keeping afterpay and things of that nature off your statements for ~3-6 months will increase your approval chances and borrowing power. Making approval as easy as possible results in higher borrowing power and easier approval with lower rate lenders.
It's not like flipping credit cards even where they can see the line of credit is closed (via your credit report). That does impact credit score and may impact things mildly, but lenders often overlook this as if the unsecured credit is now paid off and closed it's not really relevant.
Not a huge thing, the example above they could simply go through a broker still who would have knowledge on what each lender looks at and be able to navigate it for you, but it limits options (especially options like semi-automated online applications where you upload statements / login to bank for automatic analysis) and may result in a slightly higher interest rate.
Not sure why you got downvotes as this is true. Afterpay is essentially a credit card (even if it's users refuse to admit this), and a credit card has a credit limit, and potentially affects how much money you'll be able to service your main loan with.
It's worse than a credit card for this - credit cards they can at least see are closed (if you close them before applying), so they know they're paid off and you no longer have access to that unsecured credit. Afterpay doesn't appear on a credit report at all. The default limit is only $500, but various stores (like Harvey Norman) pay higher fees for customers to access higher amounts. It's easy to get approved for even a few thousand.
They likely can assume that isn't the case based on the repayment amounts, but it's still an indicator you use such services and may opt for such loans.
Credit cards reduce your credit score slightly if there's many applications (it can appear you're reliant on credit), but if the cards are all paid off then closed assessors quickly overlook this as it's very low risk (if it was the case you're applying for close to your borrowing power, you likely wouldn't be accepted for another card if the homeloan went through).
Also need to remember - when does everyone think is the most common time people take out larger afterpay/zippay/interest free loans? When they're buying new furniture for a brand new house!
Since they dropped Amex I've moved all my ordering to PayPal, much simpler these days
Btw soon
- Coming Soon: Everyday Rewards
Everyday Rewards will soon join as a new Membership Rewards transfer partner, giving you the opportunity to redeem your Membership Rewards points for your everyday shopping at Woolworths, BIG W, BWS and EG Ampol. We’ll be in touch again when this new transfer partner becomes available.
- Coming Soon: Everyday Rewards
Thanks I was actually able to claim this promo.
I saw this on my FB, I added afterpay, added the promo but kept saying
Something went wrong
Please try again later, or contact the organisation that sent you this voucher.
I've tried every case
Done. Added
Too bad can't be stacked with other offer like save on select items….
I cant redeem this offer. When I add the code it says "something went wrong"
Did you try entering the code in 4 easy installments?
Can’t claim on today’s order has to be the next order lol
wym
I guess this doesnt work if you have already added afterpay from previous promotions?
Has anyone been subject to credit checks on their existing afterpay account since june when they changed their t&c?
New Afterpay customers to Uber only? If you have used AfterPay with Uber before does it still work?
I've used afterpay promos before for Uber and just added this coupon onto Promotions, it works for me
Thanks, I didn't think this would work because I claimed the last afterpay promo but it did!
Did you have to remove and readd ?
Code wasn't worked on iPhone or in Safari, but worked fine using Edge on PC
That's a lot of effort for a meagre 30%. At least it almost cancels out the jacked-up prices.
Do coles and woolies apply their weekly discounts on uber eats?
doesnt look like it
i checked cocobella 50% off catalog
wow i think im the only australian ozb members without afterpay lol
I was able to claim the promo code this morning. Was receiving the error last night immediately after linking Afterpay.
Something went wrong
Please try again later, or contact the organisation that sent you this voucher.Have the 20k redemptions gone already? Got a promo code isn't valid (obviously added afterpay as a payment method first)
Something went wrong.
add the promo code into the promotions section from the account page
Thanks. It works. Was adding that in wallet.
was able to redeem, but wouldn't let me pay for any orders with afterpay, presumably because i had used my afterpay account on wifes uber account previously
did you still get discount paid ?
yeah worked in the end. had to untick uber balances.
Taking out a loan to afford a private driver is the definition of living above your pay grade..
Should be called Afterdebt
Is there a delay between adding Afterpay and being able to redeem the code? I keep getting promo code is invalid.
add the promo code into the promotions section from the account page
I just tried and got the same invalid message, maybe the 20,000 have been exhausted.
didnt seem like a delay, i removed afterpay from uber acc#1, to uber#2 and checked out imediately tonight
If you have free UberOne via CommBank or MasterCard, you lose the free delivery and discounted service fee benefit when paying by Afterpay (since the benefit only works with the card that made you eligible in the first place). Kinda makes this a bit useless
I'm still on Uber one with Stan XD
Unfortunately not, because you still have to complete the payment with Afterpay before you can switch to gift cards or anything else - so they'd already have charged you delivery and extra service fees
Damn,okay
Anyone know if this can be stacked with the 10% off gift cards from Amazon?
Got the banner on my account, clicked on it and there's no actual option to add afterpay, just paypal and paypay?
Did you try using the App?
I'm getting a similar issue. Managed to link afterpay in the app, but no option to use it for payment in the app or on the website.
You need to turn off the toggle to use uber balances for payment once you select Afterpay as the payment method
I was in the same boat.
You need to use Uber Eats app. Uber App doesn't work for you
Wow, this is the answer! Thanks mate.
Stores I wanted are closed now, but will use tomorrow.
$66 to maxmize ?
So, no other offer like bogof can stack with this?
does the same afterpay can work on 2 uber accounts?
Yes. You have to remove from the first one and then add to the second one
I have no way to remove Afterpay from my uber eats account. All other payment methods I have the option to edit/remove. Does anyone else have this issue as Uber support have no idea
I think I could only add afterpay from uber app, might be the same to remove?
Thanks, I'm also using the uber app. Have logged in through multiple devices and it still can't be removed
Afterpay desperate for people to buy things they cant afford huh