DoorDash: Poised To Seize Market Share With Multiple Growth Drivers
DoorDash's key competitive advantages are its strong market leadership and robust delivery infrastructure in the restaurant industry. This allows the company to seize share away from competitors. The company is well-positioned for long-term growth with favorable market tailwinds, international expansion, new verticals, and advertising businesses. Each has reported healthy positive unit economics. Quantitatively, DoorDash has reported strong financial performance, including improvements in gross margin, reduced operating losses, and increased free cash flow.
DoorDash (DASH) Expands Beauty Retail Footprint With New Deal
DoorDash (DASH) is expanding its partnership with Ulta Beauty, offering on-demand beauty delivery nationwide.
DoorDash Expands Ulta Partnership to All 50 States
DoorDash says it is expanding its 3-year-old partnership with Ulta Beauty. The company announced in a news release provided to PYMNTS Monday (May 20) that it was now offering on-demand and same-day delivery of beauty products from more than 1,350 locations across all 50 states.
DoorDash Now Delivers Much More Than Food. What It Means for the Bottom Line.
DoorDash expanded a partnership with Ulta Beauty to deliver cosmetics and more nationwide. This follows deals with Dollar General, Best Buy, and Lowe's.
5 Reasons to Close a Credit Card Even When It Hurts Your Credit Score
KEY POINTS Closing a credit card can provide peace of mind and reduce your stress.The impact on credit scores from closing an account may be minimal.Consider closing a credit card that charges high annual fees or increases your interest rate. Closing a credit card could knock anywhere from three to 30 points off your credit score. That's one reason so many folks advocate for keeping old credit cards open, even when you never use them. There's often no harm in doing so; it keeps your credit report healthy.But here's the thing: Sometimes, closing your credit card is the right move, even when it hurts your credit score. Reasons to close your credit card include threats to your peace of mind and dodging yearly fees. Find five good reasons to close your card below. 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It brings you peace of mindIt's totally reasonable to close a credit card for the same reason you opened one: to bring you peace of mind. Credit cards are great because they let you be flexible with money. You can spend even when your direct deposit is tomorrow and your checking account balance is low.Featured offer: save money while you pay off debt with one of these top-rated balance transfer credit cards If keeping an old credit card open threatens your peace of mind, it may be worth closing, even with a credit score drop. You don't want to stress over cards. Credit cards should make your life easier, not harder.2. The credit score drop is minimalOften, you won't lose a lot of credit score points for closing a card. There are a few reasons for this. One of the big ones is that your credit card history stays on your credit report for 10 years post-closing. It may be years before closing your credit card hurts your score.Another reason the drop might be small is if you have more than one credit card. A single credit card vanishing from your report could inflict major damage by sharply reducing your credit history, but closing one of three cards would inflict less damage.In a similar vein, closing a recently opened credit card will typically harm your credit score less than closing your oldest card. Again, closing your oldest card would have the most severe effect on your credit history, but closing a new credit card might barely change your score.3. Your credit card charges you annual feesIt may be worth closing a credit card that charges you a yearly fee.The Capital One Venture X Rewards Credit Card charges users an annual fee of $395 (see rates and fees). That's fine when you're getting your money's worth, but if you're not using the card, you're burning money in your checking account. Closing an account is probably worth it if it saves you hundreds in wasted fees.4. Your interest rate went upCredit issuers can increase the interest rate on your credit card. If you carry debt, that's bad. You'll pay more for carrying balances across credit cycles. Say you carry a $1,000 balance. An interest rate bump from 20% to 25% would cost you $50 more interest fees that month.Fun fact: you can totally opt out of rate hikes like these. The CARD Act of 2009 makes credit card companies notify you before hiking rates. You can reach out to them and request to opt out. The downside is that your credit issuer will probably close your credit card.If you carry a chunky balance on your credit card, it could be worth opting out of interest rate hikes. Even if your credit score takes a hit, you'll save money in the short term.5. You're spending too muchCredit cards sometimes act like logs tossed into a smoldering bonfire. They create strong incentives to spend. Case in point: my DoorDash Rewards Mastercard® got me such good returns that I bought a lot more takeout meals from DoorDash than I probably should have.If you're spending too much, it may be worth closing a card. It could have immediate positive effects on your spending budget. The less you spend, the more money you have to stash into a savings account for a rainy day (or a sweet summer vacation).Worried about your credit score dropping? You can sometimes close a credit card without hurting your credit score. Check out your options to make the best decisions moving forward. Alert: our top-rated cash back card now has 0% intro APR until 2025This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.
