Personally, I'm experiencing a lot of health problems this year that, even though I've been fairly mustachian my whole life, cost more than my disability income covers, so the TLs are a huge help there and also help me feel less stressed about mounting medical bills... This way, I can keep chipping away at them.
So THANK YOU!
Thanks for the write up.
I got my Citi card cancelled this way on the 3rd month, with only 2 AUs on the card at the time. So there are risks indeed. Make sure to use cards which you're not using on daily basis.
Which CC companies allow you to add and remove AUs online? I have only used Discovery so far.
Which CC companies allow you to add and remove AUs online? I have only used Discovery so far.
Barclays lets you do both, and Chase.
B of A lets you add online, but you have to call to remove.
Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.
Discover, like you said, lets you do both.
Can't say for Citi or any of the other ones, hopefully someone else will chime in.
What, in your opinion and research is the minimum marketable age of a card?
I have not historically maintained a large number of credit cards, We have one we use for household and another for travel, plus a third that was issued as overdraft protection that we never use. Two of these are from the companies listed, but neither is a card I want shut down in the event of problems. I *could* open a few new CC accounts over the next several months to just sell tradelines against. Would they be marketable?
Thank you for posting this. I read the other thread but quickly got "lost in the sauce" with all the comments, this is a very nice summary and recommendation.
My big question for you arebelspy - are you selling AU spots on your Chase cards? I got scared away from doing this with Chase by Greg at Camp Mustache! :)
I do not use Chase personally, as discussed earlier in this thread, as I don't want to risk getting it shut down (I have 500k+ UR points that would go poof). I do use B of A, Capital One, Discover, etc. because I don't care if those cards get shut down.
Other people do use Chase, because they're okay with the risk of Chase closing their cards.
Which CC companies allow you to add and remove AUs online? I have only used Discovery so far.
Barclays lets you do both, and Chase.
B of A lets you add online, but you have to call to remove.
Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.
Discover, like you said, lets you do both.
Can't say for Citi or any of the other ones, hopefully someone else will chime in.
What, in your opinion and research is the minimum marketable age of a card?
Does anyone know if the new company can use Business Cards? I'm guessing not, but it would be nice since I have several with large limits.
How many authorized users does Chase and Capital One allow?
What, in your opinion and research is the minimum marketable age of a card?
Does anyone know if the new company can use Business Cards? I'm guessing not, but it would be nice since I have several with large limits.
Thank you, ARS! I've sold 3 tradelines so far, though if I count time spent reading the thread as work, I'm probably down to about $50/hr. :)
I also don't typically have a lot of cards open. One thing I'm looking at is getting a new "everyday" card and then using the old one for selling tradelines. It doesn't really matter from a rewards standpoint if my everyday card is 2 years or 2 months old, but it clearly matters from a tradeline standpoint.
Another thing you can do, if you have a SO that you combine finances with (you did say "we"), is get a new version of the same type of card in their name, and moving the one in your name to tradelines.
Would I need to open one account for me and one account for my wife? (Some of the cards are in my name and some of the cards are in her name)
Thanks again, Joe. You really take much of your time researching and writing this information out. I feel as though we are mooching off of your efforts. Hopefully, we'll all be able to return the favor in the future or at least help others in the way that you have helped us.
Also, little side note: You seem to be recommending Credit Karma a lot.
You have a blog.
As a blogger you can apply for affiliate networks.
Credit Karma has affiliate links...
I think it gives you only like 25 cents or so per person signing up.
I'll have to look, I applied with them a few weeks ago.
But anyhoo. If you are planning on writing more about this on the future you may want to consider signing up for that as well.
I bet a lot of folks (including myself) signed up for Credit Karma because of your recommendation...
It's not much in comparison what the other referral fees are, but it's something ;)
Just saying!
Do the issuers auto-mail AU cards to the primary address on file? I know ARS moves around a lot, but if you don't want your family or whoever to deal with all this extra mail, does it make sense to wait until location stationary, or is there not really any extra mail to deal with?
How many authorized users does Chase and Capital One allow?
My big question for you arebelspy - are you selling AU spots on your Chase cards? I got scared away from doing this with Chase by Greg at Camp Mustache! :)
Which CC companies allow you to add and remove AUs online? I have only used Discovery so far.
Barclays lets you do both, and Chase.
B of A lets you add online, but you have to call to remove.
Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.
Discover, like you said, lets you do both.
Can't say for Citi or any of the other ones, hopefully someone else will chime in.
USAA is a phone call both to add and remove.
Which CC companies allow you to add and remove AUs online? I have only used Discovery so far.
Barclays lets you do both, and Chase.
B of A lets you add online, but you have to call to remove.
Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.
Discover, like you said, lets you do both.
Can't say for Citi or any of the other ones, hopefully someone else will chime in.
USAA is a phone call both to add and remove.
Have you had any pushback? I don't know if it's worth doing this with USAA because I don't want to risk losing my insurance policies. Similarly, I wouldn't be doing this was a bank that I had a cehcking or savings account (i'd generally advise against having deposit accounts at banks you use credit with anyway.)
Someone asked this above, but with the new company can you request to have less than the maximum number of AU's on each card? I'd like to do 3-4 instead of 5 just to lower the chances of getting shut down.
If anyone wants some other data-points, wife and I have had 5 cards active on the "old recommendation" since about August, and have had four tradeline sales in that time for roughly $1000 in revenue. Not bad for some clicking around. I had a quick sale on Chase (which was removed after some changes) and no bites since then, wife has had a few more sales on her cards (higher limits and longer credit histories).
I'm thinking about moving some cards to the "new recommendation", including ones that might not be supported
Has anyone tried opening new cards from issuers where you already have an open line, waiting six months, and then consolidating the new card's credit limit into the older card? Essentially a way to fast-track into higher payout tiers in combination with normal CLI requests.
Has anyone tried opening new cards from issuers where you already have an open line, waiting six months, and then consolidating the new card's credit limit into the older card? Essentially a way to fast-track into higher payout tiers in combination with normal CLI requests.
I didn't open specifically for this, but happy coincidence opened one for travel hacking. After hitting the minimum spend, I immediately transferred all of its credit (minus a token $1000) to an older card enrolled in tradeline sales.
We did discuss this idea previously, and I toyed with opening just for this purpose, but never did.
Chase, and cards with limits too small or credit histories too young for "old recommendation" but which would be sold by "new recommendation"I'm thinking about moving some cards to the "new recommendation", including ones that might not be supported
What do you mean by this?
Has anyone heard anything back from the new company? I sent them an email two days ago.
Has anyone heard anything back from the new company? I sent them an email two days ago.
I e-mailed them early on 12/29 and heard back before noon that day. Today I e-mailed again with the required docs and got an auto reply that they are closed until 1/3 for the holiday.
The form they want us to fill out has a "payment due date" on it. Most of these cards are cards I ahve not used in ages, so they don't have a payment due date. Do I need a statement to close with a balance before I submit a card to them?
The form they want us to fill out has a "payment due date" on it. Most of these cards are cards I ahve not used in ages, so they don't have a payment due date. Do I need a statement to close with a balance before I submit a card to them?
Lots of times you can go online and look at old statements, which will have the closing date on them.
Sometimes the closing date will be listed in the account information online.
Or you can always call the issuer and ask them.
This company seems to want the payment due date rather than the statement close date.
Not saying it's not legit, but very suspicious.What is?
I just heard back and was told that they only accept cards of 2+ years age and $10,000+.I contacted them on 12/29 using email that Arebelspy gave me and sent them my card info. Have had some back and forth emails since then, and sent them my completed paperwork this afternoon. I completed a cardholder agreement, a Form W-9, and a copy of a voided check (for sending payments to your checking account) and sent those items back to them first. Yes, i was also told that card must be at least 2 years old and with credit limit of $10,000+. I was told it would be a week or two for them to put my cards into their system and then they would be contacting me.
Rats. I think I put the statement closing date on the paperwork I just submitted. Good thing I am reading the blog. The table says: Payment DUE date, not sure why I was putting the closing date. Will have to fix and resubmit.
So yes, this company wants the payment due date (the old one wanted the statement close date).
Which CC companies allow you to add and remove AUs online? I have only used Discovery so far.
Barclays lets you do both, and Chase.
B of A lets you add online, but you have to call to remove.
Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.
Discover, like you said, lets you do both.
Can't say for Citi or any of the other ones, hopefully someone else will chime in.
USAA is a phone call both to add and remove.
Have you had any pushback? I don't know if it's worth doing this with USAA because I don't want to risk losing my insurance policies. Similarly, I wouldn't be doing this was a bank that I had a cehcking or savings account (i'd generally advise against having deposit accounts at banks you use credit with anyway.)
Yes. I think I mentioned it in the old thread, but I had three AU's to add to my USAA card - which already had two AUs from the previous month - and was under the impression that it was best if I added one per call. So I called, added the first new AU, then hung up. I called back a second time a day later and added the second new AU, then hung up. When I called to add the final AU, they put me through to a very distrustful fraud guy who asked me quite a number of authentication questions and asked me why I wanted to add so many AU's. Eventually, though, they did add the final AU.
I bank and have credit at many banks, but my main checking account plus my insurance products are at USAA. If they close my USAA credit card, that would be OK. Closing my bank account or my insurance lines would be more problematic. I haven't heard of the latter happening, but maybe it could.
Here is an overview of how many adds we recommend on each card. We can do more if your prefer but that will increase the odds of account closure though.
Citibank: 4-5 adds every other month
Barclays: 4-5 adds every month
Discover: 3 adds every other month
BofA: 2-3 adds every 3 months
Capital One: 2-3 adds every 3 months
US Bank: 3 adds every other month
PNC: 2 adds every other month
Chase: 2-3 adds every 3 months
USAA: 3 AUs every other month
There is a max number of adds/removals a month. For example - any given month on a Citi - there can only be 6 adds/removals total. This can effect the max amount of AUs you can add in a month. Barclays is 8.
Speaking of closures, I have an idea I've been considering. Would it be better to activate the card and use it for something small? Like a Redbox movie or bill you were going to pay anyway? I realize this might be straying slightly closer to the fraud side of the line for some.
That followup on the add/remove formula was incredibly helpful.
Oh, and to add to the data: total earnings with the original company: $900.
One card, 2 credit lines - and I dawdled before signing up.
Just emailed asking to enroll 2 of my cards with the "new" company - I am trying the 2 cards that have received the fewest orders with the "old" company - looking forward to seeing how well it works!
Definitely *not* looking forward to tracking everything manually - I like the sleek online dashboard of "old" company ;)
Side thought - do you think the companies are reading this thread? Have you told them who "we" are?
do you know what factors the cc issuers use in determining credit limit increases? I requested a bump from $5k to $15k but they (PNC) only gave me $7500. Is it income? Credit rating? History of usage? Something else? I figure I have time to work on it.
How likely is this still to be possible in 2 years?
If there's a closed credit card on my credit report, is it possible to re-open it as opposed to opening a new line of credit? I have one from 1996 that closed in 2013, for example without me explicitly closing it. It's a bank of america card.
This is really fascinating. I am leaning towards giving this a try. I have three cards that might work... a Discover with a $13k limit (2009), a Citi Visa with a $10.1k limit (not sure on year), and a Chase Freedom card that's just under a $10k limit (2012). I don't want to call Chase and ask for a CLI because they're pretty bad about doing hard pulls.
I signed up for the AT&T credit card a year or two ago and it's now a citi card. Could that be used for tradelines or is that also considered a "business card"?
I signed up for the AT&T credit card a year or two ago and it's now a citi card. Could that be used for tradelines or is that also considered a "business card"?
Probably not a business card. Co-branded cards are not business cards. Lots of hotels, airlines, etc co-brand with banks (Hilton Citi card, Marriott Chase card, etc) and are not business cards.
Typically a "Business card" is supposed to be used BY a business. Example: Chase Ink, where you need to own a business to open the card.
I signed up for the AT&T credit card a year or two ago and it's now a citi card. Could that be used for tradelines or is that also considered a "business card"?
This is really fascinating. I am leaning towards giving this a try. I have three cards that might work... a Discover with a $13k limit (2009), a Citi Visa with a $10.1k limit (not sure on year), and a Chase Freedom card that's just under a $10k limit (2012). I don't want to call Chase and ask for a CLI because they're pretty bad about doing hard pulls.
Discover hasn't been doing hard pulls on me and have been slowly bumping up my limit. This summer I started at $3,600 and just yesterday got bumped to $11,200 - you can ask for increases every 60 days.*
Citi just denied my increase requests :( - I need to see if I can reallocate some credit line from the Hilton card to the Doublecash. From what I read, the front-line CSRs (ha!) typically don't know how to handle it.
*Okay, you can ASK more often, but from what I read and experienced, they typically won't raise it. Better to just do it every 60 days.
I sent an email last night and haven't heard back yet either. But that was expected since many are off for the New Year holiday (including me!). I'm sure we'll all hear back next week—it seems like there's plenty to go around. :)
FWIW, I heard back from this company just to see what they would offer, and I got an auto reply (cut and paste info) without them answering my actual question. After I told them I would take my business elsewhere they responded with an apology
I am worried this company everyone is jumping on now will get diluted and payments will be scarce. Just a thought.
I mean, how many people pay for credit boosts??
FIRST POST EVER!!
I sent an email last night and haven't heard back yet either. But that was expected since many are off for the New Year holiday (including me!). I'm sure we'll all hear back next week—it seems like there's plenty to go around. :)
FWIW, I heard back from this company just to see what they would offer, and I got an auto reply (cut and paste info) without them answering my actual question. After I told them I would take my business elsewhere they responded with an apology and explained the received over 120 applications in one day! I am happy with the one on one contact I get with the company I chose before asking ARS what he was pitching (which has been in business for 10 years) and I am worried this company everyone is jumping on now will get diluted and payments will be scarce. Just a thought. I mean, how many people pay for credit boosts??
FIRST POST EVER!!
120 applications... That sounds very high.
ARS, do you know how many Mustachians signed up with the old recommendation?
What is the impact of a hard pull on your credit score? Mine is well over 800 from my last Credit Karma report, so I'm not too concerned about it, but was curious if I try to bump several cards up, and they each do a hard pull, which they will, what the impact may be and how long it may take to recover?
I may have missed this in the old thread, but do you have any idea if downgraded cards have a new opening date or keep the date from the original card? I have a Barclay Arrival that I downgraded from an Arrival+ about 6 months ago. If it uses the original date, the card is 2.5 years old and would be eligible.
Thanks for all the new info!
I may have missed this in the old thread, but do you have any idea if downgraded cards have a new opening date or keep the date from the original card? I have a Barclay Arrival that I downgraded from an Arrival+ about 6 months ago. If it uses the original date, the card is 2.5 years old and would be eligible.
Does anyone having experience reopening a credit card 6+ after it closes?
I closed a Cit CC back in October that will be 2 years old in July due to the large annual fee and I am thinking asking them to reopen it after I try this out for two of my other cards for a couple months.
my goal is 3k a month on AUs by end of 2017. based on the cards i have open and their ages that should be easily doable.
remember all this is taxed though.
my goal is 3k a month on AUs by end of 2017. based on the cards i have open and their ages that should be easily doable.
remember all this is taxed though.
$3k a month would be crazy, and awesome but that is 13 adds per month with well seasoned $20k+ cards. $3k a month for very very little work.
I think ARS' example at $3300/2 months or $1650/mo is more realistic myself as a maximum.
Hey quick question, is this only for the states or can we do this in Canada as wellÉ
So how long after the add can you remove the AUs? Is this set by the credit card, the company, or what?
So how long after the add can you remove the AUs? Is this set by the credit card, the company, or what?
Update: received receipt of my paperwork 5 mins after sending it over. Really liking the response rate! They mentioned in their response that they have signed up quite a few cards in the last week (hehe) so there's a good chance it'll be 3-4 weeks before they start having orders for me (2 cards with 20K+ limit, 1 card 10K limit; all cards under 4 years of age), but they will come. I'll be curious to see how new company does compared to old. I will report back once I get some sales.
As with the original thread, thank you for sharing all of your detailed research with us ARS. In reading through this new thread, there were two questions that I have that I did not see anyone ask:
1) With the old company and their original tiers, they paid more for cards over 15 years. Do you know if the new company does anything like that? I noticed your rate table mentioned they would quote you for $40k+ limits but it seems the age is not factored for a custom quote.
2) As the new company does everything via email, does that mean that they are sending you the AU's information (address, SSN, etc.) via plain text email messages? Given their thorough vetting processes that you mentioned, that seems like a glaring security risk to be distributing all of that information via email.
Also, I was checking on the Discover website just now to see what information they ask for when adding an AU (in relation to my question above), and I noticed the following in their FAQ regarding AUs:
Authorized users can report any lost or stolen cards, obtain account information, initiate billing disputes, request statement copies, make payments and inquire about fees.
I am not sure if the AU would need more information than they obtain through this process in order to call and obtain account information, or request a statement copy, but that gives me a little hesitation as I mull that over to see what that could potentially expose to an AU. I believe the AU will see my name and address on their credit report, or at least I seem to recall reading that previously or discussing that with the old company.
The company I recommend has NEVER had an AU get a card and spend money on it, and they've been doing this for ten years. My previous recommendation, who has been in business four years, have also never had that happen. Fourteen combined years, thousands and thousands of tradeline sales, zero instances of this. I'm not worried about it happening in the slightest.
Update- I submitted my info for just one card (Capitol One, 18 months old, $10k CL) and received this reply:QuoteThanks for contacting us but unfortunately we can only accept cards that are at least 2-3 years old AND over $10k limit. Save our information though as we can sign you up in June once your card hits 2 year of age.
This doesn't seem to jive with the payout schedule for New Company that ARS posted at the start of the thread- has anyone else received a similar response?
ugh, must have missed that one, thanks ARS.
I requested a limit increase online, but I haven't used the card in a while. This might be a deterrent.
I have a young Cap One card with a $30k limit. After I get a decision on the increase for the first card, I'll call to have this limit transferred to my older card. I may have missed posts about this, but does anyone know if Cap One is strict about doing this?
yeah I tried increasing the CL online but got the same response as MJ, because the card has had very little activity in the past year or so. I may try calling to see if they'll reconsider but I don't expect much without more (recent) activity on the card. Looks like the CL consolidation requires cards to have been open for 6 months, so I'm gonna look for a new Capital One card to sign up for tonight, and then 6 months from now I can close that and add its CL to my existing one, which will at that point be 2 years old.
Unfortunately my other cards are Chase/AmEx so this is the only card I have right now that I can use.
What is the current thinking with Chase?
All set up with the new company. Thanks again ARS for all the info. Was told not to expect any sales until February because of my payment date, but sold a spot already. USAA asked a bit more questions than I anticipated (single, married etc, contact info). But it still went smoothly.
Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)
QuoteObviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)
If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.
QuoteObviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)
If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.
Rolled my paperwork into a password protected zip, emailed that and phoned in the password.
EIN tip is great, i never looked into that.
Was told not to expect any sales until February because of my payment date, but sold a spot already.
QuoteObviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)
If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.
Was told not to expect any sales until February because of my payment date, but sold a spot already.
Wow, that was fast. :)
All set up with the new company. Thanks again ARS for all the info. Was told not to expect any sales until February because of my payment date, but sold a spot already. USAA asked a bit more questions than I anticipated (single, married etc, contact info). But it still went smoothly.
Does the new company provide all of the info that USAA requires? It sounds like it...
Also, as an FYI to everyone, the new company does not monitor the age of your account and automatically bump your payouts as they age past the 2- and 8-year marks. You have to manually notify them.
after travel hacking the last few years its very interesting to me personally how my new selections of signups are revolving around what will get me the most bang for my buck with adding AUs ... i no longer care as much about the sign up bonuses
QuoteObviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)
If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.
QuoteObviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)
If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.
Do you need to have the cards registered to the EIN? Or what is the advantage of establishing an EIN?
QuoteObviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)
If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.
Do you need to have the cards registered to the EIN? Or what is the advantage of establishing an EIN?
Emailed with all info required have not heard back yet either. Wondering if they got maxed out already?I emailed my initial information yesterday morning and received a response in the evening. It may take longer than 'usual' for them to respond as they certainly have a good problem on their hands processing the elevated MMM traffic.
Emailed with all info required have not heard back yet either. Wondering if they got maxed out already?I emailed my initial information yesterday morning and received a response in the evening. It may take longer than 'usual' for them to respond as they certainly have a good problem on their hands processing the elevated MMM traffic.
With all the mustachian volume, pretty soon we're going to need a 3rd tradeline company recommendation.
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.
Emailed with all info required have not heard back yet either. Wondering if they got maxed out already?emailed again, got response within a few hours. All good.
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.
Once you're past like 750, there's no extra benefit for credit boost. May be helpful for some here, but I'm betting most of us are well past that.
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.
Once you're past like 750, there's no extra benefit for credit boost. May be helpful for some here, but I'm betting most of us are well past that.
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.
Once you're past like 750, there's no extra benefit for credit boost. May be helpful for some here, but I'm betting most of us are well past that.
Shoot, with 5 hard pulls listed and 3 new cards in the past 6 months, Discover says I'm at 844, while Credit Karma is a more reasonable 825/829
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.
Once you're past like 750, there's no extra benefit for credit boost. May be helpful for some here, but I'm betting most of us are well past that.
Shoot, with 5 hard pulls listed and 3 new cards in the past 6 months, Discover says I'm at 844, while Credit Karma is a more reasonable 825/829
I don't think either of those are real fico's. Isn't the max 800?
I got 9 AU adds today (5 on my wife's Barclays, 4 on mine, one opened June 2014, 15k limit, the other opened Aug 2014, 15.5k limit), so they're still cranking away over there. :)
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.
Once you're past like 750, there's no extra benefit for credit boost. May be helpful for some here, but I'm betting most of us are well past that.
Shoot, with 5 hard pulls listed and 3 new cards in the past 6 months, Discover says I'm at 844, while Credit Karma is a more reasonable 825/829
I don't think either of those are real fico's. Isn't the max 800?
It used to be. The new Vantage scores go up to 850.
There's been a change in your FICO® Score, "the score lenders use". To view your updated credit score at no cost, please visit www.BarclaycardUS.com/servicing/score, log in to your credit card account, and select "Tools". This Alert and complimentary online credit score access are available to you as a Barclaycard Arrival™ World MasterCard® Cardmember
CreditKarma and Mint just give an estimate, but some of my CCs claim to give an actual FICO (Barclays).
From an email I got earlier today:QuoteThere's been a change in your FICO® Score, "the score lenders use". To view your updated credit score at no cost, please visit www.BarclaycardUS.com/servicing/score, log in to your credit card account, and select "Tools". This Alert and complimentary online credit score access are available to you as a Barclaycard Arrival™ World MasterCard® Cardmember
I don't think they could use FICO (and the registered trademark) unless it actually IS the FICO score. I could be wrong, but I think many are estimates, like you guys are saying, but some actually are FICO scores.
So I've been following these threads for a little while, and I was wondering if store cards issued by an eligible bank (Home Depot/Citi in this case) work for this?
So I've been following these threads for a little while, and I was wondering if store cards issued by an eligible bank (Home Depot/Citi in this case) work for this?
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.
I looked it up, it is in the card's ToS. Mine is 2004, $16k limit. No dice though.
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.
I looked it up, it is in the card's ToS. Mine is 2004, $16k limit. No dice though.
What's in the card's TOS specifically? That AUs have to be Costco members? If so, theoretically the new company could ask for that information at some point during the process and, if yes, open up available cards to purchase spots on as a result. That's what I meant—the new company didn't seem to have a hard line about "we don't accept Costco cards", just "it wouldn't work unless the AU has a Costco membership".
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.
I looked it up, it is in the card's ToS. Mine is 2004, $16k limit. No dice though.
What's in the card's TOS specifically? That AUs have to be Costco members? If so, theoretically the new company could ask for that information at some point during the process and, if yes, open up available cards to purchase spots on as a result. That's what I meant—the new company didn't seem to have a hard line about "we don't accept Costco cards", just "it wouldn't work unless the AU has a Costco membership".
I suspect they have more than enough low hassle cards coming in at the moment...
Quick question - how quickly does the "new" company expect you to add an AU, 24 hours? 48 hours? Basically, how far ahead of time do you receive the order?
I got 9 AU adds today (5 on my wife's Barclays, 4 on mine, one opened June 2014, 15k limit, the other opened Aug 2014, 15.5k limit), so they're still cranking away over there. :)
Quick question - how quickly does the "new" company expect you to add an AU, 24 hours? 48 hours? Basically, how far ahead of time do you receive the order?
Quick question - how quickly does the "new" company expect you to add an AU, 24 hours? 48 hours? Basically, how far ahead of time do you receive the order?
Seems to depend. I got an order for a single AU and added right away. They were appreciative of the quick response and I got another one that they requested be added that day because of my cards closing date.
Does anyone else have trouble with adding users on Discover's website? IF you don't type in the authorized user's address correctly in the format that Discover likes, it claims the "physical address" is incorrect. You can try to retype the address in different ways and still get the same outcome, it's like their software has no common sense. I have had a couple of users declined because of this.
Are you guys geting notified by the owner when you have to add an AU? Or the company?
still none are real FICOs have to do a hard pull to get your real scores they just try to match what they think the formulas are. My mortgage broker friends hate those sites b/c they always skew high and give people a false sense of where they are. you can assume 30-50 points lower than CK in most cases.
Typically 3-4 days. The email I got yesterday (Thurs in the States) said to add by Monday.
I've had longer, can't remember if I had shorter, as I almost always do it right away. But that's the typical range, I believe.
I need to call Citi and ask for a credit line increase. I have an old Forward card with them that had a $7000 credit limit. I asked for an increase on the web page and they bumped me to $8900. Obviously, I want to get it above $10,000 to use for this, but I've never called and asked for an increase before.
Are there any questions I should be prepared for, such as why I want a further increase?
Typically 3-4 days. The email I got yesterday (Thurs in the States) said to add by Monday.
I've had longer, can't remember if I had shorter, as I almost always do it right away. But that's the typical range, I believe.
Thanks everyone for the info on lead times.
Another quick question on the new company - their FAQ says that if you can't add an AU's SSN online, then you need to call to add it. The old company directed me to not worry about the SSN for Barclay (after the SSN option was removed from the online add), as long as I included their address. ARS & others, are you calling in to add the SSN for Barclay card adds after adding them online with the new company?
CreditKarma and Mint just give an estimate, but some of my CCs claim to give an actual FICO (Barclays).
From an email I got earlier today:QuoteThere's been a change in your FICO® Score, "the score lenders use". To view your updated credit score at no cost, please visit www.BarclaycardUS.com/servicing/score, log in to your credit card account, and select "Tools". This Alert and complimentary online credit score access are available to you as a Barclaycard Arrival™ World MasterCard® Cardmember
I don't think they could use FICO (and the registered trademark) unless it actually IS the FICO score. I could be wrong, but I think many are estimates, like you guys are saying, but some actually are FICO scores.
Sure, but even within FICO there are 4 different generations of scoring methodology current active, and each of the credit bureaus has a slightly different data set - potentially giving you 12 different "FICO" numbers.
When we got our last mortgage, the one the banker hard pulled was an 816 - highest she had ever seen, apparently. That was awhile ago, I have a considerably longer history now.
I need to call Citi and ask for a credit line increase. I have an old Forward card with them that had a $7000 credit limit. I asked for an increase on the web page and they bumped me to $8900. Obviously, I want to get it above $10,000 to use for this, but I've never called and asked for an increase before.
Are there any questions I should be prepared for, such as why I want a further increase?
Nah. AUs shouldn't have anything to do with limit increase, obviously. They'll just want you to repeat the same info you put in online (annual income, length of employment, your address, etc.).
Just call and let them know the credit increase you got online wasn't what you were looking for, and ask if they can bump it. Good luck, let us know how it turns out! :)Typically 3-4 days. The email I got yesterday (Thurs in the States) said to add by Monday.
I've had longer, can't remember if I had shorter, as I almost always do it right away. But that's the typical range, I believe.
Thanks everyone for the info on lead times.
Another quick question on the new company - their FAQ says that if you can't add an AU's SSN online, then you need to call to add it. The old company directed me to not worry about the SSN for Barclay (after the SSN option was removed from the online add), as long as I included their address. ARS & others, are you calling in to add the SSN for Barclay card adds after adding them online with the new company?
I do indeed do my Barclays online, with the address, though the company asks you to call in and add SSNs, I have not had an issue doing it that way so far. The paranoid wanting to make sure they get the money should add the SSN to make SURE it reports. I call it "good enough." YMMV, and keep in mind it would be a bummer to lose $200 or whatever cause you didn't want to make a 5 minute phone call, so probably better to listen to the company than me. Just confirming that's what I do. :)
I signed up with them with one card that is 2 years old and 10,000+ credit limit and I haven't heard a peep out of them yet!I emailed all of my enrollment materials on two cards, Discover (24.5K limit @ 2yrs) and Citi (13.2K limit @ 6yrs), last Friday and although I am a tad bit anxious/worried about not receiving at least a confirmation response I shall give them the benefit of the doubt. However if I do not receive a response by the end of this week I will send a follow up email to request a status update. I suppose the increased MMM traffic is pushing them to their limits, at least that's the reason I keep telling myself ;).
I was able to get signed up with the "new recommendation" last week and had 2 sales on my USAA card in less than a week! I plan to post my experience for others as I go along. So far the company has been very easy to work with and quick to respond. USAA requires you to add AU's over the phone which is less awkward than I anticipated.
Small update. I grew antsy and sent a follow up email asking for a status update and to my surprise, less than a couple hours later I received a response! Both of my cards have been added to their system and I was given a 3-4 week eta on when I can anticipate a sale. When that occurs I will be sure to inform you all! Oh by the way, it was confirmed that several hundred MMM cardholders have signed up recently so their resources have been stretched a bit thin lately.I signed up with them with one card that is 2 years old and 10,000+ credit limit and I haven't heard a peep out of them yet!I emailed all of my enrollment materials on two cards, Discover (24.5K limit @ 2yrs) and Citi (13.2K limit @ 6yrs), last Friday and although I am a tad bit anxious/worried about not receiving at least a confirmation response I shall give them the benefit of the doubt. However if I do not receive a response by the end of this week I will send a follow up email to request a status update. I suppose the increased MMM traffic is pushing them to their limits, at least that's the reason I keep telling myself ;).
I was able to get signed up with the "new recommendation" last week and had 2 sales on my USAA card in less than a week! I plan to post my experience for others as I go along. So far the company has been very easy to work with and quick to respond. USAA requires you to add AU's over the phone which is less awkward than I anticipated.
Funny story, both cars showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.
Funny story, both cars showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.
This is something that bugs me. These companies are supposed to send AU cards to you using your name and address, not the AU's name.
Funny story, both cars showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.
This is something that bugs me. These companies are supposed to send AU cards to you using your name and address, not the AU's name.
Odd. I've never had that happen, they always have our name on the envelope, out of dozens and dozens of tradeline sales.
Maybe it's provider dependent? For example, I don't have any USAA.
Funny story, both cars showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.
This is something that bugs me. These companies are supposed to send AU cards to you using your name and address, not the AU's name.
Odd. I've never had that happen, they always have our name on the envelope, out of dozens and dozens of tradeline sales.
Maybe it's provider dependent? For example, I don't have any USAA.
USAA always sends the AU cards to me at my address but with the AU's name. I thought Chase did the same, but I can't remember for sure. Anyway, either pattern would make sense to me. Shrug.
Those of you waiting, I believe they're saying the average time right now from sign up to first tradeline sale will typically be 2-3 weeks (longer if your card is < 20k, 5 yrs+, shorter if it's higher than those), and that's average--so some will be much quicker (as above), some will take longer.
Also closing date plays a factor, as you'll typically see sales right before your closing date, so if your closing date is the 30th, you'll have a few weeks to wait--if it's the 8th, you already missed that window. Even if your card was enrolled at that time, then hopefully you'll see one next statement.
@Wandles: Can you confirm the above? What is the age/limit range of your card, if you don't mind sharing? (And I'm assuming the closing date is soon?)
Can't recall Chase either, cause I've only done a few sales with them, but I believe Barclay, B of A, Discover, and Citi always had our names on it.
I'll start paying attention, and maybe others will report in.
Can't recall Chase either, cause I've only done a few sales with them, but I believe Barclay, B of A, Discover, and Citi always had our names on it.
I'll start paying attention, and maybe others will report in.
Barclays shows AUs name, can confirm.
Citi and Cap One put the AUs name on there. Not that it concerns me, however.
Barclays definitely sends the AU cards to my address with the AU name on the letter. On all 3 of my orders with the "old" company anyways.
Just got my first add. Barclays card just over 2 years old, $27500 limit, closing date is 15th of the month. No nibbles on my other cards yet.
US Bank is a call to add or remove an AU. I have added 4 and removed 2 so far (so, halfway through the 2nd cycle) Single add or remove per call. I make sure i can confidently pronounce the name, and do a quick Google on any unusual name so that I can chat with the rep as needed. "Actually no, Ivan isn't Russian, his family name is Armenian"
Barclays definitely sends the AU cards to my address with the AU name on the letter. On all 3 of my orders with the "old" company anyways.
This is SO WEIRD. What is different about me? Are the cards bouncing back to Barclays, then they're resending them with my name on the envelope or something?
I just attached a picture of a recent AU card from Barclays (I blacked out the info, but it was my name/address, not an AU). Do your envelopes look like that/have the same Barclay return address? (The giant bar code is from the scanning company, cuts off the return address, sorry about that).
They never re-send them to me however. Are you sure you are actually receiving them all?
Barclays definitely sends the AU cards to my address with the AU name on the letter. On all 3 of my orders with the "old" company anyways.
This is SO WEIRD. What is different about me? Are the cards bouncing back to Barclays, then they're resending them with my name on the envelope or something?
I just attached a picture of a recent AU card from Barclays (I blacked out the info, but it was my name/address, not an AU). Do your envelopes look like that/have the same Barclay return address? (The giant bar code is from the scanning company, cuts off the return address, sorry about that).
The tips from this thread I have been copying down say I will have to remove a Cap One AU by calling and I have no idea how to pronounce what looks like a Russian or northern Eastern European name, so any tips on how to find out on the Internet how to pronounce foreign names would be appreciated.
The tips from this thread I have been copying down say I will have to remove a Cap One AU by calling and I have no idea how to pronounce what looks like a Russian or northern Eastern European name, so any tips on how to find out on the Internet how to pronounce foreign names would be appreciated.
Thanks. I tried that and could not find exact spelling of either the first or last name, but got some pronunciations that are very close to the spellings so that will probably suffice.
I hope I don't sound too snarky, but... Google. "[name] pronunciation".
In the email with the paperwork it says to spend $50-500 on the card. Do I need to spend that much? and when should I start spending on the card? now or wait until I have sold a tradeline?No, it just needs to close with a balance that the CC company won't wipe out (often they wipe balances of 0.99 or less, depending on the company).
So it is OK to have only a charge that was made on the credit card a few days before I added the AU, or do I have to make another charge after adding the AU? I already have an automatic charge for my Netflix account on this card, which should post for next month's credit card bill.
So I got an authorized user for a Discover card, and the address for the authorized user that is in the email sent by the company's assistant is different then the address on the driver's license.
So what do I do ?
Okay, what the hec k...This isn't me misremembering, as I use a mail scanning service--travelingmailbox.com (http://www.travelingmailbox.com) and just went and LOOKED at the most recent AU cards I got...It's possible the company is sending back mail not addressed to me or my wife (actually, as I type this, I realize that's very likely--we had to sign a form for the post office that they could open mail addressed to us, so they may be sending back mail not addressed to us.
I think a lot of people have an outdated address on their license - when I moved I wasn't given a new ID card, they just updated the address in their database. I would probably just go with the one in the email.
So I got an authorized user for a Discover card, and the address for the authorized user that is in the email sent by the company's assistant is different then the address on the driver's license.
So what do I do ?
I think a lot of people have an outdated address on their license - when I moved I wasn't given a new ID card, they just updated the address in their database. I would probably just go with the one in the email.
So now I'm curious what traveling mailbox does with mail it receives that's not addressed to either of you, and if it raises flags with the credit card companies. We'll be in a similar situation, if/when we ever get a sale again :)
I've always just paid off my credits before they were due so I'd like to clarify how it works. You say you should wait until after the card posts. What does that mean?
Does that mean you should wait until after the payment due date? Does that mean you would pay interest?
Sorry for the ignorant questions and thanks for your help.
I've always just paid off my credits before they were due so I'd like to clarify how it works. You say you should wait until after the card posts. What does that mean?
Does that mean you should wait until after the payment due date? Does that mean you would pay interest?
Sorry for the ignorant questions and thanks for your help.
Thanks for your guys help. I actually haven't been able to find the closing date for the cards (Barclays and USAA) which I'm using but I'm sure I'll figure it out eventually. I did find the close date for the one Bank of America card I have. Worst case I can just pay off the card a few days before it is due.
So I got an authorized user for a Discover card, and the address for the authorized user that is in the email sent by the company's assistant is different then the address on the driver's license.
So what do I do ?
So I got my first add request yesterday - should I be concerned that there were no documents? All the email gave was the AU's name, DOB, and social security number - no address, no driver's license, nothing... Is this unusual?
So I got my first add request yesterday - should I be concerned that there were no documents? All the email gave was the AU's name, DOB, and social security number - no address, no driver's license, nothing... Is this unusual?
Thanks for your guys help. I actually haven't been able to find the closing date for the cards (Barclays and USAA) which I'm using but I'm sure I'll figure it out eventually. I did find the close date for the one Bank of America card I have. Worst case I can just pay off the card a few days before it is due.
Thanks for your guys help. I actually haven't been able to find the closing date for the cards (Barclays and USAA) which I'm using but I'm sure I'll figure it out eventually. I did find the close date for the one Bank of America card I have. Worst case I can just pay off the card a few days before it is due.
What email do the sales come from when you're notified to add an AU? I want to make sure I'm not missing it or it isn't going to spam. PM me if more appropriate. Thanks!
What email do the sales come from when you're notified to add an AU? I want to make sure I'm not missing it or it isn't going to spam. PM me if more appropriate. Thanks!
PM sent.
What email do the sales come from when you're notified to add an AU? I want to make sure I'm not missing it or it isn't going to spam. PM me if more appropriate. Thanks!
PM sent.
Joe, I have the same question. Could you please PM me? Thx.
Just an FYI guys/gals, I sent in information for myself and four cards on January 6th. I didn't hear anything back and sent an email requesting a status update this afternoon. The company owner replied promptly and told me that I would most likely not see any adds until sometime in February. I hated to bother them from other reports of them being swamped but my impatience got the best of me. I just thought I'd pass this along for any others that maybe waiting to hear back and are worried. Hope everyone is having a great new year so far!
T
Just an FYI guys/gals, I sent in information for myself and four cards on January 6th. I didn't hear anything back and sent an email requesting a status update this afternoon. The company owner replied promptly and told me that I would most likely not see any adds until sometime in February. I hated to bother them from other reports of them being swamped but my impatience got the best of me. I just thought I'd pass this along for any others that maybe waiting to hear back and are worried. Hope everyone is having a great new year so far!I sent my paperwork back yesterday and I rec'd the same info this last night/this morning.
T
So now I'm curious what traveling mailbox does with mail it receives that's not addressed to either of you, and if it raises flags with the credit card companies. We'll be in a similar situation, if/when we ever get a sale again :)
Been selling for 7 months now and no cancelled cards yet, so....
/shrug
I'll ask the question here instead of emailing them: If we want to add new cards/credit limits increase/etc do we resend the agreement in with all of our cards or just new cards/updates?
I'll ask the question here instead of emailing them: If we want to add new cards/credit limits increase/etc do we resend the agreement in with all of our cards or just new cards/updates?
I asked this question, and was told that I can just email new cards/changes to them in an email, no need to re-do the agreement paperwork.
Got my second add on my Citi card, should be an easy $400 for my first month!
But I also thought of this thread, and how somehow I can legitimately say that I'm earning thousands of dollars a month working at home, for a few minutes per day of "work".
I closed a few old credit cards about a year or two ago, after previously using them for a few years. If I was able to get customer service to re-open those same accounts for me (rather than opening a new line of credit), do you think those accounts would be eligible?
I closed a few old credit cards about a year or two ago, after previously using them for a few years. If I was able to get customer service to re-open those same accounts for me (rather than opening a new line of credit), do you think those accounts would be eligible?
Very unlikely they'll reopen ones that have been closed that long (usually they'll only do it if closed within the last 30, maybe 90, days), but if you can get them to, sure! Reopened cards use the original opening date.
I closed a few old credit cards about a year or two ago, after previously using them for a few years. If I was able to get customer service to re-open those same accounts for me (rather than opening a new line of credit), do you think those accounts would be eligible?
Very unlikely they'll reopen ones that have been closed that long (usually they'll only do it if closed within the last 30, maybe 90, days), but if you can get them to, sure! Reopened cards use the original opening date.
My wife tried to re-open a Chase card after ~40 days and was told it's not possible.
At this point, I believe they should be caught up and responded to all emails, so if you emailed them more than 48 hours ago, and haven't got a response, please send a follow up, as it likely fell through the cracks in the flood of emails.
Reply times should be quite quick (especially on week days) from here on out; like ducky said above, the owner is quite responsive and helpful. :)
I was wondering that at first too, but it doesn't seem like it--I always seem to get an add a few days before my closing date (or last minute ones the day before), even though they want the payment date.
/shrug
No, it just needs to close with a balance that the CC company won't wipe out (often they wipe balances of 0.99 or less, depending on the company).
No, it just needs to close with a balance that the CC company won't wipe out (often they wipe balances of 0.99 or less, depending on the company).
Wait, do they actually forgive the balance owed when <$.99? Or they don't report to CRA but you still have to pay?
I'm feeling some Office Space coming on. Get 100 credit cards. Charge .99 each month. Profit.
No, it just needs to close with a balance that the CC company won't wipe out (often they wipe balances of 0.99 or less, depending on the company).
Wait, do they actually forgive the balance owed when <$.99? Or they don't report to CRA but you still have to pay?
I'm feeling some Office Space coming on. Get 100 credit cards. Charge .99 each month. Profit.
I really like the free avocados idea, although it might be easier to load up Amazon gift cards every month.
But you can't exchange Amazon gift cards for avocados can you?
But you can't exchange Amazon gift cards for avocados can you?
Why not? (https://smile.amazon.com/Avocados-6-Lbs-California-Hass/dp/B00CNNIB9O)
But you can't exchange Amazon gift cards for avocados can you?
Why not? (https://smile.amazon.com/Avocados-6-Lbs-California-Hass/dp/B00CNNIB9O)
I just got my credit score and was wondering why the credit reporting agencies use different score ranges?CreditKarma and Mint just give an estimate, but some of my CCs claim to give an actual FICO (Barclays).
From an email I got earlier today:QuoteThere's been a change in your FICO® Score, "the score lenders use". To view your updated credit score at no cost, please visit www.BarclaycardUS.com/servicing/score, log in to your credit card account, and select "Tools". This Alert and complimentary online credit score access are available to you as a Barclaycard Arrival™ World MasterCard® Cardmember
I don't think they could use FICO (and the registered trademark) unless it actually IS the FICO score. I could be wrong, but I think many are estimates, like you guys are saying, but some actually are FICO scores.
Sure, but even within FICO there are 4 different generations of scoring methodology current active, and each of the credit bureaus has a slightly different data set - potentially giving you 12 different "FICO" numbers.
When we got our last mortgage, the one the banker hard pulled was an 816 - highest she had ever seen, apparently. That was awhile ago, I have a considerably longer history now.
As a followup, I activated the Fico check on my BoA card, it claims to be an actual FICO 8 calculation with the registered trademark any everything, using TransUnion for the report. Tied with Discover at 844/850
Wouldn't it be easier and more clear if they all used a set scoring range?
Wouldn't it be easier and more clear if they all used a set scoring range?
They're not trying to make things easy, they're trying to make a profit.
They WANT their scores to be slightly different. If they were all the same, one would only need one credit agency. Where is the benefit there for them?
Wouldn't it be easier and more clear if they all used a set scoring range?
They're not trying to make things easy, they're trying to make a profit.
They WANT their scores to be slightly different. If they were all the same, one would only need one credit agency. Where is the benefit there for them?
Okay, I called in this morning to remove 2 AUs, one call per AU.
The exact same rep answered for the second call! Same name, same pleasant recognizable voice.
I just disconnected.
Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.
Okay, I called in this morning to remove 2 AUs, one call per AU.
The exact same rep answered for the second call! Same name, same pleasant recognizable voice.
I just disconnected.
Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.
Okay, I called in this morning to remove 2 AUs, one call per AU.
The exact same rep answered for the second call! Same name, same pleasant recognizable voice.
I just disconnected.
Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.
What card company?
Since this company does the dates a bit different (payment date vs close date), does that affect when you see most of your activity? I used to get most of my add's near the close date with TL company 1.The statement date is pretty much always 21 days prior to the due date (minimum allowed by Federal Law) - having one date basically implies the other.
Okay, I called in this morning to remove 2 AUs, one call per AU.
The exact same rep answered for the second call! Same name, same pleasant recognizable voice.
I just disconnected.
Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.
What card company?
I believe any of them. I spoke to "the guy" from the tradeline company, and he said you can even remove using the secure message center on some cards - we were talking about Citi specifically - without even having to call! I would say if you are unsure, send "the guy" an email and he'll be happy to help you out. They want to make this as easy as possible for us, believe me!
One pointer he gave me was to try and call during the busier times of day. For one, you'll be less likely to get the same representative (statistically speaking), and two they will be in a hurry to help you and move on to the next customer. They really don't like for their call queues to get over a couple of minutes.
Okay, I called in this morning to remove 2 AUs, one call per AU.
The exact same rep answered for the second call! Same name, same pleasant recognizable voice.
I just disconnected.
Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.
What card company?
I believe any of them. I spoke to "the guy" from the tradeline company, and he said you can even remove using the secure message center on some cards - we were talking about Citi specifically - without even having to call! I would say if you are unsure, send "the guy" an email and he'll be happy to help you out. They want to make this as easy as possible for us, believe me!
One pointer he gave me was to try and call during the busier times of day. For one, you'll be less likely to get the same representative (statistically speaking), and two they will be in a hurry to help you and move on to the next customer. They really don't like for their call queues to get over a couple of minutes.
My question was about which card company flagged his call. I understand about how to remove AUs. If you read what I originally quoted the guy says he called to remove two AUs and was flagged. I was curious as to which card company he was dealing with.
I had an issue come up with my mailman, he was delivering mail when my wife was at the door, some of the mail was a number of AU cards, and the mailman reported "unless you can verify these people live here I can't deliver this mail". My wife said she couldn't, presumably then were then returned to sender. Anyone else have this problem or thoughts about how to mitigate it?
One of the cards I registered with New Company turned another year older this week. So I wrote to New Company and told them my card was a year older. The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.
I thought they were selling slots based on age and credit limit of the card? Even though I wouldn't get any more payout for this card, shouldn't they still want to know it's a year older so they can represent it properly to their customer?
Should I continue to report age and credit limit increases on my cards?
One of the cards I registered with New Company turned another year older this week. So I wrote to New Company and told them my card was a year older. The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.
I thought they were selling slots based on age and credit limit of the card? Even though I wouldn't get any more payout for this card, shouldn't they still want to know it's a year older so they can represent it properly to their customer?
Should I continue to report age and credit limit increases on my cards?
They know the age. They have the month/year it opened. Definitely update them with credit limit increases. :)
My statement date is at the end of this week and I had not heard, so I figured it's not going to happen this month, but then I got 3 adds at one time.
Do you guys actually activate the cards that get send to you?
My card has an option to not mail out a card and I was wondering if that would make a difference.
Rep at Company says it's more credible to have the card mailed out and activated, but it's not absolutely necessary.
What do you all do?
Started with company and haven't received any orders yet. I guess its a waiting game.
Got my first hit on new company.
Yay! I'm sure you have some good uses for that. :)
I did pause a bit when putting in authorized users....when the system said, that I'll be responsible for any charges they make...gulp!
Regarding being off grid, I did let Guy at Company know when signing up for this, that I may need longer lead times and that last minute adds my not always work out. He was fine with that.
For people still hearing nothing: Orders are being placed. Be patient, you will get some! Work on requesting credit line raises to improve your chances of people wanting to buy tradelines on them.
For people still hearing nothing: Orders are being placed. Be patient, you will get some! Work on requesting credit line raises to improve your chances of people wanting to buy tradelines on them.
Is a credit line increase request a hard pull?
Okay, I called in this morning to remove 2 AUs, one call per AU.
The exact same rep answered for the second call! Same name, same pleasant recognizable voice.
I just disconnected.
Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.
What card company?
I believe any of them. I spoke to "the guy" from the tradeline company, and he said you can even remove using the secure message center on some cards - we were talking about Citi specifically - without even having to call! I would say if you are unsure, send "the guy" an email and he'll be happy to help you out. They want to make this as easy as possible for us, believe me!
One pointer he gave me was to try and call during the busier times of day. For one, you'll be less likely to get the same representative (statistically speaking), and two they will be in a hurry to help you and move on to the next customer. They really don't like for their call queues to get over a couple of minutes.
My question was about which card company flagged his call. I understand about how to remove AUs. If you read what I originally quoted the guy says he called to remove two AUs and was flagged. I was curious as to which card company he was dealing with.
Thanks for your thoughts.
I guess I was trying to avoid having to "deal with" (make payments, look at statements, etc) all those inactive cards on a routine basis. However, assuming the best case scenario (that these lines start getting used on a consistent basis - and making me $$$) I will be doing those things anyway.
If the train really gets rolling, I will probably set up some kind of automatic charge as per your 3rd suggestion.
Here's a question for those already active:In my experience using a credit card, some vendors are consistently fast at posting charges. Charges that are pre-authorized, but the final amount may change and charges at small businesses tend to be slower than charges at large businesses where the exact charge is know at time of authorization. I imagine that Amazon gift card purchases always post by the end of the next business day.
From reading the thread, it sounds like the lead time between AU request and statement closing date can be quite small (sometimes 1-2 days)... How do you guy ensure the statement posts with a balance (to make sure it gets reported).
I'm asking because a lot of my eligible lines are sockdrawered cards that I don't regularly use, and even if I make a purchase the instant I get notified of the AU add, they often take a day or two to post. How do you get around this?
i cant figure out how to setup an amazon recurring charge ... you have to set it up to reload when your balance goes below a level not just add 5 bucks per month.Does the recurring charge not work? I don't... understand your post. Why can't you just add 5 every month?
i cant figure out how to setup an amazon recurring charge ... you have to set it up to reload when your balance goes below a level not just add 5 bucks per month.Does the recurring charge not work? I don't... understand your post. Why can't you just add 5 every month?
i cant figure out how to do 5 bucks per month on amazon.
Another option for automated payments would be to automate charitable giving. I have a monthly recurring $5 donation to the local public radio station, but most charities love to have recurring gifts because they allow for better planning and budgeting. If there's any charity that you plan on giving more than $60/year, consider this option.
EDIT: Sorry, letired, (and/or jinx). I'm going to have a nap and then fire ze missiles.
Been considering looking into this for a while now.
I have three eligible cards (Barclays, Discover, and Citi), all 3-4 years old. However, they have fairly low limits (highest is 3k) so they wouldn't work for this as-is. My income (about triple) and credit (had no real history before, now I have a mortgage and a FICO of ~710) have improved with time, so should I pretty much be a shoe-in for credit line increases? Any particular order or strategy to trying this? Should I do only one at a time? (Am I overthinking this?)
Hmm, annoying. My GF just had something similar happen actually which was part of why I was concerned; Chase finally raised her many-years-old $600 limit card all the way to... $1200. Then she applied for some Amex and got instantly approved with a 10k limit. Dumb.Been considering looking into this for a while now.
I have three eligible cards (Barclays, Discover, and Citi), all 3-4 years old. However, they have fairly low limits (highest is 3k) so they wouldn't work for this as-is. My income (about triple) and credit (had no real history before, now I have a mortgage and a FICO of ~710) have improved with time, so should I pretty much be a shoe-in for credit line increases? Any particular order or strategy to trying this? Should I do only one at a time? (Am I overthinking this?)
In my (very limited) experience, they won't bump you up that much at once. I had a $5000 credit limit with a PNC credit card, requested $12,000, they gave me $7500 citing my lack of experience with such high limits.
Then I just applied for a Discover card and they gave me $12,500.
...but it certainly doesn't hurt to ask. I'm pretty sure though that, once you make the request, it is 6 months before they'll consider a second request.Alright. I could put in requests soon and then do another round in 6mo if need be. Hopefully the first round would at least get me one card into eligibility-land ($5k).
i cant figure out how to do 5 bucks per month on amazon.
If you go here (https://www.amazon.com/asv/autoreload), you can enter the amount you want and set it on a schedule or select 'Monthly' under Frequency. Then select the credit card you want charged. Not sure if you can set up multiple auto-loads on multiple credit cards. But that's the link that should help you with auto-load.
Does anyone have experience with a card aging into the next category? I can't find the exact post, but someone said that they were not upgraded as a card aged, even after asking for it, and I have a card that is a few months from being upgraded to the next category.
The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.
Does anyone have experience with a card aging into the next category? I can't find the exact post, but someone said that they were not upgraded as a card aged, even after asking for it, and I have a card that is a few months from being upgraded to the next category.
The person just said their card aged, but not to the next level.
You will be moved to the next payment level when it ages, if you email customer support when it happens.
One more question: I have a store card (Home Depot) issued by Citibank, N.A. Does that count as a Citi card?
One more question: I have a store card (Home Depot) issued by Citibank, N.A. Does that count as a Citi card?
You'll want to ask the tradeline company, because it's specific. Sometimes yes, sometimes no. It all depends on how it reports to the credit reporting agencies.
Like the Costco branded ones don't work, because they require the AU to be a Costco member with a Costco membership number. I'd lean towards more likely that the HD one works, but it can't hurt to ask.
Let us know what they say! :)
Does anyone have experience with a card aging into the next category? I can't find the exact post, but someone said that they were not upgraded as a card aged, even after asking for it, and I have a card that is a few months from being upgraded to the next category.
The person just said their card aged, but not to the next level. Post was here (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1399888/#msg1399888):The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.
You will be moved to the next payment level when it ages, if you email customer support when it happens. :)
...but it certainly doesn't hurt to ask. I'm pretty sure though that, once you make the request, it is 6 months before they'll consider a second request.
One more question: I have a store card (Home Depot) issued by Citibank, N.A. Does that count as a Citi card?
You'll want to ask the tradeline company, because it's specific. Sometimes yes, sometimes no. It all depends on how it reports to the credit reporting agencies.
Like the Costco branded ones don't work, because they require the AU to be a Costco member with a Costco membership number. I'd lean towards more likely that the HD one works, but it can't hurt to ask.
Let us know what they say! :)
How many days before the closing date do folks normally get an email regarding AU adds? My closing date on the one card is coming up on the 1st. It's a 12+ year old card with a 20K+ limit, so I would think it would be highly sought after? I know there are still a few days left of the month, but it's getting close. I am eager to get started!
How many days before the closing date do folks normally get an email regarding AU adds? My closing date on the one card is coming up on the 1st. It's a 12+ year old card with a 20K+ limit, so I would think it would be highly sought after? I know there are still a few days left of the month, but it's getting close. I am eager to get started!
For those of you that have to call to add an AU, and then call to remove an AU... what do you actually SAY to the rep on the phone?
i.e. what do you say when asked:
How do you know the person?
Details of the person you don't actually know (single, etc.)?
Why do you want to add them as an AU?
Why do you want to remove them as an AU?
Why do you have so many AUs on one card?
Why do you so frequently add/remove AUs?
etc.
For those of you that have to call to add an AU, and then call to remove an AU... what do you actually SAY to the rep on the phone?
i.e. what do you say when asked:
How do you know the person? They're a friend of mine.
Details of the person you don't actually know (single, etc.)? Old company provided answers to all the questions they've ever asked about this. Assume new company will also. If a detail is not provided, I usually say I don't know because they're a new friend.
Why do you want to add them as an AU? We're working on a project together.
Why do you want to remove them as an AU? The project we were working on is done.
Why do you have so many AUs on one card? I want to. Is there anything wrong with this?
Why do you so frequently add/remove AUs? I want to. Is there anything wrong with this?
etc.
We are supposed to get tax statements from these companies, yes?
Has anyone gotten theirs from the company that ARS recommended first? Like from last year?
January is my first month selling tradelines, and I'm happy to report three sales for a cool $500! I still have a couple of days left in the month, but I'm not holding my breath for any more for January. Here's hoping February is at least as profitable!Nice!
January is my first month selling tradelines, and I'm happy to report three sales for a cool $500! I still have a couple of days left in the month, but I'm not holding my breath for any more for January. Here's hoping February is at least as profitable!
January is my first month selling tradelines, and I'm happy to report three sales for a cool $500! I still have a couple of days left in the month, but I'm not holding my breath for any more for January. Here's hoping February is at least as profitable!
Awesome! Do you know when you completed your setup paperwork?
I'm not sure that matters? I got the impression from the tradeline guy that if you don't have cards >$20k and older than 2 years, you probably won't see much sales. I had one sale, i think I sent my stuff in on January 3rd.
I just got my first two orders, about 3 weeks after signing up a single 15K US Bank card.
Very easy process!
So now there won't be any more for two months (or whenever I remove these), since this card has a limit of 4 AUs.
The two of us (using the cards) and the two new ones.
Is that 4AU limit pretty common for other cards?
Ugh, everyone else is getting orders.
I'm hoping to get a 'seat at the table' too.
I have 2 citi cards with the new company, payments due Feb 6 and Feb 16th.
Maybe I get "The Guy" some vodka?!
The date you put the paperwork in shouldn't matter, at this point, so much as your closing statement date. Either way, there's not much you can do (other than call the CC companies to bump your limits up) except wait. :)
Sales will come. Lots of people are seeing them already, and February should have even more, now that people are enrolled the full month and they've been working on putting out all the new cards to their affiliate network to boost the AUs coming in.
I just got my first two orders, about 3 weeks after signing up a single 15K US Bank card.
Very easy process!
So now there won't be any more for two months (or whenever I remove these), since this card has a limit of 4 AUs.
The two of us (using the cards) and the two new ones.
Is that 4AU limit pretty common for other cards?
The primary on the account isn't an "authorized user" and doesn't count as such.
As for the SO, why not switch them to a different card? Heck, sign up for a new card, which wouldn't be eligible for TL sales being too new, for your every day spend, so you can have an extra TL sale? $150-175 every other month = $900-$1,050 per year more, I'd think moving what card you use as your daily driver would be worth that. Maybe not to you, perhaps? I just personally wouldn't have my SO as an AU when I could sell that slot and have her use a different card. :)
Ugh, everyone else is getting orders.
I'm hoping to get a 'seat at the table' too.
I have 2 citi cards with the new company, payments due Feb 6 and Feb 16th.
Maybe I get "The Guy" some vodka?!
Relax. :)
I just got my first two orders, about 3 weeks after signing up a single 15K US Bank card.
Very easy process!
So now there won't be any more for two months (or whenever I remove these), since this card has a limit of 4 AUs.
The two of us (using the cards) and the two new ones.
Is that 4AU limit pretty common for other cards?
The primary on the account isn't an "authorized user" and doesn't count as such.
As for the SO, why not switch them to a different card? Heck, sign up for a new card, which wouldn't be eligible for TL sales being too new, for your every day spend, so you can have an extra TL sale? $150-175 every other month = $900-$1,050 per year more, I'd think moving what card you use as your daily driver would be worth that. Maybe not to you, perhaps? I just personally wouldn't have my SO as an AU when I could sell that slot and have her use a different card. :)
Ok, now I'm thinking that maybe we have more than 4 AUs because this is a joint account. That would mean SO isn't an AU? Huh. I won't worry about it and just ask customer service when the time comes next month.
I looked all around the account information and couldn't find an indication. For your other cards, when you get your monthly statements after having added AUs, do you see their names somewhere- either on the statement or on the online acct? I just added mine on Weds. There's no sign of them yet online.
I'm not sure that matters? I got the impression from the tradeline guy that if you don't have cards >$20k and older than 2 years, you probably won't see much sales. I had one sale, i think I sent my stuff in on January 3rd.
Approximately half of the referral sales I've seen in Jan from New Company have been < 20k cards, and half over.
Many more < 20k cards are enrolled though, I believe, so percentage-wise, if you have a 20k+ card, it's much more likely to sell.
2. On a similar note, if one has a small line, say $5K or $10K, is it better to leave that as a standalone line and pick up a few $50 commissions, or to move it to a monster card? There is an annual fee in there to consider.
ARS, good tip on requesting CLI's every 3 months. I was doing Discover every 6 months. I tried after 3 months based on your comment and it was raised.As I said before, i have verified that you can do a CLI on Discover every 2 months.
There is zero reason to ever pay an annual fee unless you are received benefits that are worth it. Nearly every issuer will let you product change to a card that does not have a fee. For example, Citibank has the "AAdvantage Citi Bronze" which is not publiciized, but it has no fee and gives you 1 point per 2 dollars spent. Product changes do not change your card open date.
A few questions:
1. Do you think cards with even higher limits (say $30K, $40K, $50K) would garner more sales?
I've got a lot of credit limit and distinct cards, and I'm trying to figure out if it would be a good idea to consolidate lines or shift credit limit in order to juice my returns with the new company.
As a simple example, I have two Barclays cards. One is new as of November 2016 with a $10K limit; the other is just over two years old with a $27.5K limit. The latter card is worth $200 per AU slot now, but if I shifted, say $5K of the limit it would go into the next higher commission bucket.
As a more complicated example, I have four USBank cards, with $25K, $15K, $25K, and $58K. I'm trying to figure out what to do with them.
In general, I would guess that customers of the new company are willing to pay for the size and age of line that they need, but not more. With the old company, I think I saw many more sales on my $30K+11year USAA line than on my $55K+19year Chase line. Are there a lot of customers of the new company that need to rent $55K lines compared to the number of lines available from people like us?
2. On a similar note, if one has a small line, say $5K or $10K, is it better to leave that as a standalone line and pick up a few $50 commissions, or to move it to a monster card? There is an annual fee in there to consider.
3. Is it better to be towards the upper end of the commission CL range or the lower? In other words, as a general strategy, would you rather have a CL with a $20,001 limit, or a $29,998 limit?
---
Overall, it's fun playing the game; now I feel the need to try to optimize it. Thanks!
There is zero reason to ever pay an annual fee unless you are received benefits that are worth it. Nearly every issuer will let you product change to a card that does not have a fee. For example, Citibank has the "AAdvantage Citi Bronze" which is not publiciized, but it has no fee and gives you 1 point per 2 dollars spent. Product changes do not change your card open date.
The benefits are selling tradelines. ;)
Barclays, for example, doesn't have an equivalent for their airline branded cards. We shut down Lufthansa Miles and More cards a few months before learning about TL sales because they refused to waive the fee, and had no cards we could switch it to (despite multiple calls to verify that). Would have cancelled other ones, too (AA card and Arrival+) if they didn't downgrade, but for finding about tradeline sales.
Now I'm happily paying $89/yr (written off as an expense against the income) to make hundreds from that card.
It is worth seeing if they have a card you can downgrade it to, without an annual fee. But if not, it may be worth keeping open to do TL sales, even with paying a fee.
ARS, good tip on requesting CLI's every 3 months. I was doing Discover every 6 months. I tried after 3 months based on your comment and it was raised.As I said before, i have verified that you can do a CLI on Discover every 2 months.
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year? or is this a good place for it.
I plan to just file as misc income and not file as a business subject to FICA taxes.
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year? or is this a good place for it.
I plan to just file as misc income and not file as a business subject to FICA taxes.
I don't know if that's a choice, but if you do recognize it as self employment income (which i believe it probably is) You could always open a SEP, SIMPLE IRA or Individual 401(k) and funnel it all (less the SE taxes) into retirement accounts.
i'd also argue that if it was a choice, you probably should recognize it as SE income until you are above the Second Bend Point:
https://thefinancebuff.com/early-retirement-social-security-benefits.html
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year? or is this a good place for it.
I plan to just file as misc income and not file as a business subject to FICA taxes.
Two interesting notes - I emailed the new company to ask about adding 2 cards that just passed 1 year of age and was told that they are very unlikely to get any sales until they are 2 years old, because a card that young can lower the average account age of the customer, and sometimes actually drop their credit score. I hadn't heard this reasoning before, but it explains the incredible low order volume on cards 1-2 years old.
I was also told that the new company is launching a new online interface this week! I am excited, because the online interface is my favorite part about the old company's process. It was also hinted that users can add cards themselves - maybe we'll also be able to remove them, or set limits on tradeline sales without emailing?
The new company has a portal, sort of, but it's not in use. I got a login for it and poked around, and can see why it's not being used. Right now they manually do everything. So when you get tradeline sales, they email you with the AU info to add (and, if Discover, email the info that might need to be uploaded). After you add them, you email them back to confirm you added it. Later they will tell you when to remove the AU, via (you guessed it) an email.
This could be considered a pro, if you like that personal touch, or a con, if you like it all automated, and less emails.
They are working on tweaking/updating their portal, and their owner swears it will be in use soon, but there's a lot of work to be done from what I can see. For now, the manual (email) way does work, even if it's less efficient.
It would be beneficial if the tradeline income was income for my wife instead of myself, as I have a lot more social security wages.
She already handles a lot of the work, and it would be straightforward to have her handle all the tradeline stuff. No business set up though.
I was just about to give up on any sales for this month (closing date is the 1st) when blammo, I get the email! So I practice saying the name and call USAA, bantering with the customer service rep about this and that. Asks for Name, DOB, SSN....all info I have. Then asks for gender (???) and marital status (???) so I wing it and it's fine. I email the company to let them know and they said that USAA generally didn't ask for that information but that they will include it in the future. So just FYI for folks with USAA. Took 5 minutes and I was surprisingly nervous, but it was really fine.
ARS,
To clarify, are you saying to add existing cards to the online system or new cards?
I was just about to give up on any sales for this month (closing date is the 1st) when blammo, I get the email!
So I practice saying the name and call USAA, bantering with the customer service rep about this and that. Asks for Name, DOB, SSN....all info I have. Then asks for gender (???) and marital status (???) so I wing it and it's fine. I email the company to let them know and they said that USAA generally didn't ask for that information but that they will include it in the future. So just FYI for folks with USAA. Took 5 minutes and I was surprisingly nervous, but it was really fine.
I also got my 1099 from the old company today, by email (password protected PDF).
Discover (wife) - opened 6/15. $16.7k limit. Also requested the increase back in November. Not yet up to 2 years so not as sweet of a deal.
Just getting a few things in order before I jump on the bandwagon.
I also got my 1099 from the old company today, by email (password protected PDF).
Has anyone gotten an email yet about the new website and interface? I've been waiting on pins and needles and still haven't seen one...
Has anyone gotten an email yet about the new website and interface? I've been waiting on pins and needles and still haven't seen one...
nothing to frown at 5 TL's for 75 bucks. i've got 5 cards in now and will have 17 by this time next year hopefully. if i fill everything on my 5 now its 2200 amonth. next year if i fill all 17 its 60k a year.
Adding another data point:
Just added three AUs to my second credit card. So in the first month I have sold 5 tradelines at $75 each. Although this may be low for some on here but I am extremely happy with the results.
nothing to frown at 5 TL's for 75 bucks. i've got 5 cards in now and will have 17 by this time next year hopefully. if i fill everything on my 5 now its 2200 amonth. next year if i fill all 17 its 60k a year.
Man I would quit my day job with that level of earnings. I only have one card, but it has a high limit and is very old. Still trying to get the wife on board, but she is very skeptical.
I wonder if this company gets flooded as well if they will slow down and/or reduce payouts.
Adding another data point:
Just added three AUs to my second credit card. So in the first month I have sold 5 tradelines at $75 each. Although this may be low for some on here but I am extremely happy with the results.
What is the limit and age of that card?
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year? or is this a good place for it.
I plan to just file as misc income and not file as a business subject to FICA taxes.
Feel free to discuss here. :)
I plan to exclude it all under FEIE, being an expat, but I'm interested in the discussion both for when I eventually go back to the states, and as an intellectual curiosity.
Doesn't seem like anyone got the portal email?
I haven't got any adds yet...its been a month :(
I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.
Maybe my cards suck... idk
I haven't got any adds yet...its been a month :(
I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.
Maybe my cards suck... idk
I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.
If a card gets cancelled, are you then "black balled" from that company? The reason I ask is that I am starting to do some credit card hacking as well and not being allowed to open the neceaaary cards for the hacking would obviously inhibits the success. Example, I have a Capital One card that I plan to use for tradelines for $250 an AU. Knowing that Cap One has a higher probability of cancelling, will I have an issue with getting another Cap One card down the road for hacking? PS, I definitely don't plan to use any my hacking cards for tradelines until after the large bonus points are redeemed.
you should be looking to open cards to profit in this system and if you get the travel sign up bonus. thats just gravy now.
you should be looking to open cards to profit in this system and if you get the travel sign up bonus. thats just gravy now.
Personally, I am looking at opening cards with all of the "easy" CC companies for tradeline sales. If this isn't around in 2 years, oh well, but it's very much worth a shot!
I haven't got any adds yet...its been a month :(
I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.
Maybe my cards suck... idk
I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.
And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.
QuoteAnd then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.
They are only giving you 1 day lead time to add? That doesn't make sense.
I haven't got any adds yet...its been a month :(
I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.
Maybe my cards suck... idk
I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.
knew this would happen again. no way they could take the flood.
QuoteAnd then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.
They are only giving you 1 day lead time to add? That doesn't make sense.
It wasn't even 1 day. It was hours. I hope going forward it isn't that chaotic. But for the amount of money, I am willing to deal with some hassle.
I haven't got any adds yet...its been a month :(
I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.
Maybe my cards suck... idk
I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.
I was also pretty bummed bc I hadn't gotten any bites on my card (10+ years, 20K+ credit line) and then a few days before the closing date I got one. Good stuff! And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed. But I wasn't expecting the last minute orders, though I am happy with it.
In other related news, USAA is a PITA to add AUs to. I was asked a ridiculous number of questions. Was he a US citizen. What his degree was in. His phone number. His email address. How long he had been employed. I didn't have a lot of that and it was fine, but it makes me wonder if they were suspicious (he had a difficult name and there is a chance I mispronounced it and maybe that tipped them off?) It ended up being fine but I am definitely preparing myself for this card getting shut down. Working on seasoning some other cards in the meantime.
Might just be the form they fill out ("fill out" being metaphorical, it's likely electronic, of course), and they don't care if the answer is "I don't know."
I just got my first two users on my Discover card! Thank you Arebelspy!
Now I have a question , can I add more than one user at a time or is it a separate call for each user?
I just got my first two users on my Discover card! Thank you Arebelspy!
Now I have a question , can I add more than one user at a time or is it a separate call for each user?
I also got one request where the first and last names on the CA state ID was different than the fist and last name on the social, meaning the names were reversed, like "Robert Dirk" on social and Dirk Robert on CA ID.
The name is fictitious, just to show you.
Does anyone have a California ID can confirm LN corresponds to Last name and FN corresponds to First name?
I am emailing the company about it. I am also suspicious because the CA id says he has BLK hair and BLK eyes on his ID ( who has black eyes?)!
With Discover you have the ability to add/remove online, so I'd suggest that!
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.
I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.
I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.
I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
I've got the same card, but didn't realize they were changing banks when they drop the good benefits. If you find a way to convert your account to another type of card or something let me know.
Got a last minute add. Cool beans.
Will be harder to this when nomadic....
Is the new company's website online yet? I want to add a few more cards but was waiting to do it online.
I signed up in late December but have not received any adds. I am hoping to increase my odds by adding more cards but it is getting a little frustrating seeing no activity.
I've found (in general, not just with this company) that it's better not to wait for particular promised updates by a particular deadline, especially when it comes to a giant technology rollout, which always seem to have hiccups.
If anyone needs to have a portal, I can send you a recommendation to Old Company; as I said in the comparison post, they do have the distinct technological edge in this
Nobody mentioned this yet, "Old Company" seems to have quietly updated their portal
I just got my first 2 sales today! Pretty excited to see the process getting started.
I had a quick question for the group. I initially enrolled 3 cards, I do have a couple others that will hit their 12 months in a few weeks. How do I go about getting those enrolled? Do I just need to send an email to the owner, or complete a new cardholder agreement form?
Also, is there a way I can specify that I only want to receive 1 or 2 AU's max on a specific card. I have a Bank of America card that is the longest opened card, with the highest balance. If it is closed, it will affect my credit score (but not a huge amount,and I am not planning to open any more credit cards or loans for a while). I would like to reduce the chance that it is closed. Is there a way to set this limit with them?
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.Product change to what?
I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.Product change to what?
I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Sorry for butting in, but any idea what those options might be? I'm in the same boat. I've never done a CC product change before.So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.Product change to what?
I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Anything without an annual fee that they will let you PC to.
Sorry for butting in, but any idea what those options might be? I'm in the same boat. I've never done a CC product change before.So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.Product change to what?
I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Anything without an annual fee that they will let you PC to.
Are you deducting churning expenses (gift card fees, MO fees)?
QuoteAre you deducting churning expenses (gift card fees, MO fees)?
I'm not sure how the above is related to the tradeline business.
For those of you who have a few different cards enrolled from different banks, is there any specific bank that has easier tools for managing AUs than the others? I'm looking to sign up for a card or two now to use for this down the road, and so if I'm concentrating only on AU's the fees or sign up bonuses that I'd normally take into account aren't as relevant. What card/bank would be ideal for this?
Dumb question: can we use multiple cards (under the same name) from the same issuer with New Company? I have two different Barclays cards, for example.
Dumb question: can we use multiple cards (under the same name) from the same issuer with New Company? I have two different Barclays cards, for example.
Payout question (perhaps a dumb question). I know ARS said 4 weeks after closing but I am curious if that means say you get two AU adds at the beginning of the month just prior to closing date. Is it 4 weeks from that closing date or next closing date?
QuoteAre you deducting churning expenses (gift card fees, MO fees)?
I'm not sure how the above is related to the tradeline business.
Right; good point. It's early here and I'm not a morning person.
QuoteAre you deducting churning expenses (gift card fees, MO fees)?
I'm not sure how the above is related to the tradeline business.
Right; good point. It's early here and I'm not a morning person.
There was an open topic of discussion regarding counting annual card fees as business expenses against the income produced. I believe kudy first brought it up. Annual fees can be written off, but you would need to have only business related expenses charged to the card. The question was, what to do about the "dummy charge" that you have to incur in order to make a statement post.
i.e., you buy an Amazon gift card, which you then use for a personal purchase, then annual fee no longer counts as a business expense.
I was thinking more about this, what if you were to do PayPal transfer or buy a PayPal cash card? You would more or less be using the funds to transfer back to a bank account to pay off the same card. Would that allow you to still write off the annual fee (and the Paypal expenses) while still allow you to make a minimum purchase which causes the statement to post?
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.Product change to what?
I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Anything without an annual fee that they will let you PC to.
2) Can you not "prorate" the card fees based on percent business use?
1. Why? IRS cite?
The interpretation of the rule I've seen after 5 minutes of searching is... if the expenses on the card are all business related, then you can deduct the fee.
Well this is a new one.
I just got an email from new company asking me to add an AU to one of my cards. It's the same person who I added as an AU to a different one of my cards a few days ago.
In other words, there is a person who has paid new company to be added to two cards, both of which happen to be mine.
I wonder how often that happens.
So with all the last minute adds with the new company, are you guys just doing $5 charges every month on ALL of your enrolled cards even though you have no idea which cards you will need to add an AU on?
I also have reminders set up in my calendar to do charges every month on the five cards I have enrolled with new company (to ensure that the card has a balance the second month if the AU has paid for two cycles).
Well this is a new one.
I just got an email from new company asking me to add an AU to one of my cards. It's the same person who I added as an AU to a different one of my cards a few days ago.
In other words, there is a person who has paid new company to be added to two cards, both of which happen to be mine.
I wonder how often that happens.
I received an email from the new company with an add request for the same guy, but it was for the same card I had already added him on. I contacted them and they confirmed it was an error on their part.
Never saw it with old company, but have already seen it a few times with new company.
I asked the same question when it first happened.
Owner explained to me it's better for AUs to get their lines from one person if possible because then if/when your address temporarily shows up on their report, there's only one address. They can explain "I am an authorized user by that person" to whomever may be looking at their now boosted credit. Appears more awkward if they're saying "I am an AU for these multiple random people."
Makes sense to me, through of course a lot of people may only be buying one line, or there may not be multiple good lines by the same person available. But when possible, they try to have one AU get multiple lines from one person.
QuoteI also have reminders set up in my calendar to do charges every month on the five cards I have enrolled with new company (to ensure that the card has a balance the second month if the AU has paid for two cycles).
Does the tradeline company let you know if they have paid for 2 cycles? Do they let you know when to remove the AU?
So with all the last minute adds with the new company, are you guys just doing $5 charges every month on ALL of your enrolled cards even though you have no idea which cards you will need to add an AU on?
A question about how to make the transition from the old TL co. to the new one: If you've sold a tradeline on a Barclays card with the old co. and the TL has posted, but it's a 2-month slot, is it OK to go ahead and move said credit card over to the new TL co.? Do I need to worry about that at all and make sure it's a clean break?
ETA: Sales still extremely slow with old co., so my hope of picking up extra sales from fleeing Mustachians hasn't come to pass, at least not yet!
How long has it taken to get set up with the new company for most of you? I sent in my W9 and agreement form 6 days ago and haven't heard anything back.
That should mean you are good to go. You can email and confirm or ask if they need anything else, but it should just be a matter of waiting for an email that you sold a TL containing AU info to add.
How long has it taken to get set up with the new company for most of you? I sent in my W9 and agreement form 6 days ago and haven't heard anything back.
So with all the last minute adds with the new company, are you guys just doing $5 charges every month on ALL of your enrolled cards even though you have no idea which cards you will need to add an AU on?
I go on and purchase an Amazon gift credit for $2.50 when I get the tradeline order. One time it did not post in time out of dozens and dozens of adds; don't know why that was, the order showed pending right away, and the charge actually showed the date like 3 days before the previous statement.
Yes, on the next statement, it showed a charge from 3 days before the statement opened. Weird. But the AU add posted fine anyways.
Never bothered to do a second month charge even when they pay for 2 months... I figure if it posts correctly the first time, it's on their report, and even if it's now showing as 0, it's fine and will be good til they're removed. If you're paranoid, you can do the small charge the second month, I've just never bothered, and never had something not post a second month because of it.
Great. So your experience is that $2.50 is large enough on all your issuers to not trigger the CC company to write it off and not post a balance?
I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K. Both cards are over 15 years old. These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers.
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month. So far no issues, an easy way to make some extra money for the 'stache. Although USAA does require calling in to add and remove users.
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over.
Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also!
I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K. Both cards are over 15 years old. These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers.
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month. So far no issues, an easy way to make some extra money for the 'stache. Although USAA does require calling in to add and remove users.
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over.
Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also!
I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K. Both cards are over 15 years old. These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers.
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month. So far no issues, an easy way to make some extra money for the 'stache. Although USAA does require calling in to add and remove users.
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over.
Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also!
I signed up in December with the new company and got my first sale yesterday. It was on one of my smaller lines but hopefully it builds from here. Woot!
Moreover, on those authorized users where I had to upload documents like driver's license to confirm the identity - the Discover card portal would freeze during the upload.
I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K. Both cards are over 15 years old. These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers.
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month. So far no issues, an easy way to make some extra money for the 'stache. Although USAA does require calling in to add and remove users.
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over.
Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also!
I've got a hunch that A LOT of the guys here are secretly are "double dipping" to max sales.
BOOM! yes I just went there.
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.
Just a PSA/FYI
The site i'm using has just haulted all BofA adds due to abnormal shutdowns for authorized user activity. I'm unsure if this will effect the site ARS is recommending but BofA may be making policy changes similar to what Chase does.
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.
Old company has said they do not want cards enrolled at other TL companies, since they have no way to be sure the AUs were verified up to their standards.
I'm confident in it, based on my research, but I understand that position. So they may not have any way of knowing, but I'd still honor that.
On top of that, if you're turning down AU spots, they're likely to stop giving them to you.
Further, your risk of cancellation is higher, unless you know the formula new company uses for adding/removing AUs and amount of activity on a card per month--e.g. you may use the simpler "max # of AUs" concept, but then if you have more activity of adding/removing based on that, you may get shut down anyways.
It's not something I'd do, personally.
If you really don't care about the card and just want to burn it as quick as possible to make as much as possible in a short timeframe, you can do that. I'd rather have the card last as long as possible to keep the revenue coming in and maximize the lifetime amount of money.
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.
Old company has said they do not want cards enrolled at other TL companies, since they have no way to be sure the AUs were verified up to their standards.
I'm confident in it, based on my research, but I understand that position. So they may not have any way of knowing, but I'd still honor that.
On top of that, if you're turning down AU spots, they're likely to stop giving them to you.
Further, your risk of cancellation is higher, unless you know the formula new company uses for adding/removing AUs and amount of activity on a card per month--e.g. you may use the simpler "max # of AUs" concept, but then if you have more activity of adding/removing based on that, you may get shut down anyways.
It's not something I'd do, personally.
If you really don't care about the card and just want to burn it as quick as possible to make as much as possible in a short timeframe, you can do that. I'd rather have the card last as long as possible to keep the revenue coming in and maximize the lifetime amount of money.
IMHO, ARebs is being too nice.
Just don't do it.
Someone else already stated that it is explicitly against the terms with the new company.
There's no reason to get greedy and goof up.
It's sounds like Chase and BofA are cracking down.
Experian, Transunion, and Equifax sure as hell don't want people selling trade lines either.
Don't be "that guy" who prematurely puts an end to a good thing.
(Steps off soapbox)
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.It's in your agreement with "new company" to exclusively offer these cards to them.
I signed up in December with the new company and got my first sale yesterday. It was on one of my smaller lines but hopefully it builds from here. Woot!
Can we use business credit cards or only personal credit cards?
I tried searching this thread but couldn't find anything.
It's funny how people are speaking out against violating TOS when this entire system is a violation of the TOS of the credit card. Get off your high horse about that I mean c'mon.
It's funny how people are speaking out against violating TOS when this entire system is a violation of the TOS of the credit card. Get off your high horse about that I mean c'mon.
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.
Can we use business credit cards or only personal credit cards?
I tried searching this thread but couldn't find anything.
Hi guys. Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements? What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?
Thanks.
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.Sadly I am in the same boat; Citi card @ $13,200 issued 7/10 and a Discover card @ $29,500 issued 7/14. It's only been a month so although no bites before either closing dates the prior weekend, I am still hopeful and along for the ride!
Hi guys. Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements? What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?
Thanks.
Hi guys. Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements? What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?
Thanks.
I think they want the utilization to be 10% or less of the total limit.
Hi guys. Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements? What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?
Thanks.
I think they want the utilization to be 10% or less of the total limit.
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.Sadly I am in the same boat; Citi card @ $13,200 issued 7/10 and a Discover card @ $29,500 issued 7/14. It's only been a month so although no bites before either closing dates the prior weekend, I am still hopeful and along for the ride!
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.Sadly I am in the same boat; Citi card @ $13,200 issued 7/10 and a Discover card @ $29,500 issued 7/14. It's only been a month so although no bites before either closing dates the prior weekend, I am still hopeful and along for the ride!
Same. Two $22k older cards and a $41k limit newer card with no bites :( The market seems to be flooded. But will see!
The market seems to be flooded. But will see!
I have no idea if they can handle all this volume.
Huh. I've gotten replies to all my emails and have had three sales with the new company so far. I did sign up with the new company ASAP and have old cards with big lines, but beyond that I don't know how new company picks which specific cards get the sales (or if the actual AUs pick the cards).
Huh. I've gotten replies to all my emails and have had three sales with the new company so far. I did sign up with the new company ASAP and have old cards with big lines, but beyond that I don't know how new company picks which specific cards get the sales (or if the actual AUs pick the cards).
i signed up early as well still havent heard crap. i know they are busy but they are making a ridiculous amount of money. how much does it cost to have a person be CS at this point even temp if he is that busy.
Huh. I've gotten replies to all my emails and have had three sales with the new company so far. I did sign up with the new company ASAP and have old cards with big lines, but beyond that I don't know how new company picks which specific cards get the sales (or if the actual AUs pick the cards).
i signed up early as well still havent heard crap. i know they are busy but they are making a ridiculous amount of money. how much does it cost to have a person be CS at this point even temp if he is that busy.
sw1tch when did you send them your first email?
Ah right. For some reason I thought your first post was that you got the initial email out OF them not out TO them. I guess I'm just curious to see how long it takes other people to hear back since I've been waiting since Thursday.sw1tch when did you send them your first email?
I actually just sent it today. So from what others are saying, I probably have a while to wait for a response.
It can be aFTFY ;)dragroller-coaster ride waiting for the gift horse to arrive. :)
It can be a drag waiting for the gift horse to arrive. :)Haha yes, I know I'm impatient but everyone here keeps describing this super great gift horse that spits out hundreds of dollars a month...I just want to see the gift horse too. I'm ok with waiting a month or two for the cash spigot to start flowing.
It can be a drag waiting for the gift horse to arrive. :)Haha yes, I know I'm impatient but everyone here keeps describing this super great gift horse that spits out hundreds of dollars a month...I just want to see the gift horse too. I'm ok with waiting a month or two for the cash spigot to start flowing.
It's not complaining. I was asking if others were having similar experiences and expressing a tinge of disappointment. That's all. I think we all agree this money is a nice perk when it arrives.
For those who have gotten sales but have not yet gotten paid (like me), ARS and I are currently asking new company owner about the payment schedule and will post an update here when we find out.
Just trying to save the new company owner replying to fifty or a hundred emails asking the same thing :-)
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow.
But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when." He says that while a few people have done this for a few years, eventually, any card you use WILL get closed. That was a stronger prediction than I ever heard on this thread.
Has anyone had any cards closed?
Couple of more questions for anyone who can answer them. I was reading the info on my Citicard, it said any AU has access to my CC information. Is that true when using this middleman?
And another one, what happens if an AU pulls his credit report. Is there any info on it now that he could use to steal my identity? Do credit reports show the full card number, or any other useful info?
Thanks.
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow.
But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when." He says that while a few people have done this for a few years, eventually, any card you use WILL get closed. That was a stronger prediction than I ever heard on this thread.
Has anyone had any cards closed?
I'm guessing the slow sales are much more related to them being swamped, than to the market being swamped. I'd bet that there are lots more folks who need help with their credit, than have good credit and are willing to sell a trade-in.
Two of my cards were Chase cards, so that probably makes it less likely that those would get picked.
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow.
But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when." He says that while a few people have done this for a few years, eventually, any card you use WILL get closed. That was a stronger prediction than I ever heard on this thread.
Has anyone had any cards closed?
Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.
Nope, no Mustachians have had any cards closed doing it for the last 7 months. :)
This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow.
But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when." He says that while a few people have done this for a few years, eventually, any card you use WILL get closed. That was a stronger prediction than I ever heard on this thread.
Has anyone had any cards closed?
Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.
Nope, no Mustachians have had any cards closed doing it for the last 7 months. :)
This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.
I wouldn't be surprised. You're using their credit card to circumvent their industry-wide standard risk management in the form of credit analysis. This is not normal credit card consumer behavior. That's why it is so lucrative. I've seen people get blacklisted from credit card issuers for manufactured spending which is drastically more tame than this IMO. Maybe you get a warning first, but never a guarantee.I think the most likely outcome if this becomes too much of a problem for the industry would be to report how long someone has been an AU on an account rather than how old the account is. I believe this is already how American Express reports which is why American Express accounts are not useful for tradeline sales.
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow.
But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when." He says that while a few people have done this for a few years, eventually, any card you use WILL get closed. That was a stronger prediction than I ever heard on this thread.
Has anyone had any cards closed?
Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.
Nope, no Mustachians have had any cards closed doing it for the last 7 months. :)
This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.
I wouldn't be surprised. You're using their credit card to circumvent their industry-wide standard risk management in the form of credit analysis. This is not normal credit card consumer behavior. That's why it is so lucrative. I've seen people get blacklisted from credit card issuers for manufactured spending which is drastically more tame than this IMO. Maybe you get a warning first, but never a guarantee.
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow.
But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when." He says that while a few people have done this for a few years, eventually, any card you use WILL get closed. That was a stronger prediction than I ever heard on this thread.
Has anyone had any cards closed?
Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.
Nope, no Mustachians have had any cards closed doing it for the last 7 months. :)
This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.
I wouldn't be surprised. You're using their credit card to circumvent their industry-wide standard risk management in the form of credit analysis. This is not normal credit card consumer behavior. That's why it is so lucrative. I've seen people get blacklisted from credit card issuers for manufactured spending which is drastically more tame than this IMO. Maybe you get a warning first, but never a guarantee.
I think the most likely outcome if this becomes too much of a problem for the industry would be to report how long someone has been an AU on an account rather than how old the account is. I believe this is already how American Express reports which is why American Express accounts are not useful for tradeline sales.
Sure there are some hardcore churners out there who do massive amounts of MS. I wouldn't be surprised by that. If you go "balls to the walls" on opportunities likes this, you are more likely to draw attention to yourself and get blacklisted. I still churn using MS, but not very often. I doubt my level of churning sends up any red flags. I am keeping my level of piggybacking the same way.
I'll do a bit more with cards I don't care to get shut down, when they come of age. If USAA decides to blacklist me, oh well. There are plenty of local banks and insurance companies that will gladly take my money. I highly doubt it will come to that, but if it does, no biggie.
I would not consider hardcore MS 'more tame' - MS is directly taking cash out of their pockets. This is more indirect,if at all negative for the cc issuer.
Two of my cards were Chase cards, so that probably makes it less likely that those would get picked.
He pretty much told me don't bother with my two Chase cards.
Has anyone found a way to itemize deductions associated with this gig?
I made almost $4K last year with this gig and I am working on my taxes right now with TurboTax.
Was able to enroll 2 cards in the program today. The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up. I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump. Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k. Citi and Discover were unwilling to move credit lines from one card to another. So I'm stuck with 2 separate Discover cards with limits in the $8,000 range. Frustrating.
Was able to enroll 2 cards in the program today. The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up. I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump. Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k. Citi and Discover were unwilling to move credit lines from one card to another. So I'm stuck with 2 separate Discover cards with limits in the $8,000 range. Frustrating.
Patience. You can get a CL increase from Discover every 60 days.
After that, you can get FAR more sales with 2 cards than one.
Was able to enroll 2 cards in the program today. The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up. I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump. Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k. Citi and Discover were unwilling to move credit lines from one card to another. So I'm stuck with 2 separate Discover cards with limits in the $8,000 range. Frustrating.
Patience. You can get a CL increase from Discover every 60 days.
After that, you can get FAR more sales with 2 cards than one.
Did you have a place to add a desired Credit Limit with them? After 60 days I filled out the form with my income etc, but it said it will take a few days to review. They increased me, but I was hoping to request more.
Was able to enroll 2 cards in the program today. The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up. I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump. Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k. Citi and Discover were unwilling to move credit lines from one card to another. So I'm stuck with 2 separate Discover cards with limits in the $8,000 range. Frustrating.
Patience. You can get a CL increase from Discover every 60 days.
After that, you can get FAR more sales with 2 cards than one.
Did you have a place to add a desired Credit Limit with them? After 60 days I filled out the form with my income etc, but it said it will take a few days to review. They increased me, but I was hoping to request more.
Was able to enroll 2 cards in the program today. The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up. I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump. Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k. Citi and Discover were unwilling to move credit lines from one card to another. So I'm stuck with 2 separate Discover cards with limits in the $8,000 range. Frustrating.
Patience. You can get a CL increase from Discover every 60 days.
After that, you can get FAR more sales with 2 cards than one.
Did you have a place to add a desired Credit Limit with them? After 60 days I filled out the form with my income etc, but it said it will take a few days to review. They increased me, but I was hoping to request more.
Discover doesn't allow you to suggest a limit or increase amount. In my experience, they evaluate your inputs (income, mortgage, maybe something else like assets) and respond immediately. If they do not, I believe they will indicate it will be a hard pull and give you an option to accept or decline.
Hope that helps.
Does anyone know if Capital One ever transfers credit limits between cards? I did an online chat and was told no, but it may be worth it to call someone tomorrow.
I have a relatively new card with a high limit, and an older one with a low limit. Would love to move some of that limit over to the old one.
Just got an email to sign up for new company's portal!
I went through a round of credit limit increase requests yesterday. I was successful; I got several thousand dollars more credit. But all of them asked why I wanted the increase. I told them I was thinking of starting a new business and wanted to have some extra credit available.
I'm new at this, though. What do I say in three months when I ask for another increase? If I give them the same reason, but they see that I haven't been charging anymore since my last increase, won't they think that's odd? How many times can I tell them I'm starting a new business, without actually charging any more on my cards, before they see through my little game?
Well, I guess I must be the 1'st to get my card closed with the new company. I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity." I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month. I'm wondering if I'll get paid for anything now?
Well, I guess I must be the 1'st to get my card closed with the new company. I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity." I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month. I'm wondering if I'll get paid for anything now?
Well, I guess I must be the 1'st to get my card closed with the new company. I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity." I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month. I'm wondering if I'll get paid for anything now?
Ruh roh. We have a 45k 1996 BofA with old company. Maybe we'll play it cool for a month or two.
I signed up on the new portal today. They now only take cards that are 2 years old so my 18 months old cards I did not try to enroll. Hopefully this summer I can enroll those cards as they mature to 2 years. AT least I have my wife's 7 year old card and that is the only tradeline offer I have received thus far.
Thank you Arebelspy I did put you down as my referral.
I signed up on the new portal today. They now only take cards that are 2 years old so my 18 months old cards I did not try to enroll. Hopefully this summer I can enroll those cards as they mature to 2 years. AT least I have my wife's 7 year old card and that is the only tradeline offer I have received thus far.
Thank you Arebelspy I did put you down as my referral.
I added 2 of my cards that were 18-20 months since they were previously accepted (by email from the owner). I guess we'll see if they continue to take them. You might want to add them or email asking. If they get rejected, I will update my post to advise.
My first add was a dud
...
Have since added 2 AUs to the same card without any problems.
But now with the Citi Audit not sure when the card will be shut down.
This should not have happened since per the company they do a verification of the SSN of all their customers before sending them out for addition, huh!
It isn't clear from the email - do I need to create 2 different accounts for my cards and my wife's on the new portal? Maybe I missed a note about it. Thought I might get a quicker reply here.
I received the email to add my cards. I also participated in the beta.
As when helping test the beta, when i submit all my info for a card, i click "Save" and no card is added. I then click "Exit" and no card is added.
Is there some magic I'm supposed to do to get my cards added? I emailed them about 10 days ago with this issue and never heard back.
Any suggestions for those that have been able to get this to work?
I received the email to add my cards. I also participated in the beta.
As when helping test the beta, when i submit all my info for a card, i click "Save" and no card is added. I then click "Exit" and no card is added.
Is there some magic I'm supposed to do to get my cards added? I emailed them about 10 days ago with this issue and never heard back.
Any suggestions for those that have been able to get this to work?
Check your popup settings - if you've got them set to the most restrictive, it could be blocking the popup asking if all the information is correct. You have to click "Yes" on that before you'll get the cool 90's video game loading bar.
**Card Add Failed!!
**Ticket Add failed!
What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.
Just got an email to sign up for new company's portal!Current status is: they are sending out emails in batches to not overwhelm the portal with everyone signing up for it at once. So some people will have gotten an email (a small percent of Mustachians, around 10%, I believe) today, and then more will get it over the next few days.
I'd guess everyone will get it within the next week or two.
I received the email to add my cards. I also participated in the beta.
As when helping test the beta, when i submit all my info for a card, i click "Save" and no card is added. I then click "Exit" and no card is added.
Is there some magic I'm supposed to do to get my cards added? I emailed them about 10 days ago with this issue and never heard back.
Any suggestions for those that have been able to get this to work?
I just got the email this morning and am having the same problem as you. I tried both Chrome and Firefox. I click the button, nothing happens, and nothing shows up in "my cards".
I have a question that I'm sure we've gone over but can't find it in the first few pages.Yes, that will reduce the number of spots. Make sure you let the company know, or you'll be at a much higher risk of card cancellation (by going over the limits the raise flags to the CC issuers).
If I keep my spouse listed as an authorized user, does that reduce the number of spots I should sell at a time?
What if I keep my spouse + daughter on the card?
Thanks and again sorry if this has been posted. MMM search utility is not .. uh .. terribly helpful.
I have a question that I'm sure we've gone over but can't find it in the first few pages.Yes, that will reduce the number of spots. Make sure you let the company know, or you'll be at a much higher risk of card cancellation (by going over the limits the raise flags to the CC issuers).
If I keep my spouse listed as an authorized user, does that reduce the number of spots I should sell at a time?
What if I keep my spouse + daughter on the card?
Thanks and again sorry if this has been posted. MMM search utility is not .. uh .. terribly helpful.
I'd personally remove the extra people, then just add them (and let TL company know) only when they'll be applying for credit, but you can just reduce your spots open for sales if you'd like.
what were to happen when the card is closed? is this reported on your credit?
I signed up on the new portal today. They now only take cards that are 2 years old so my 18 months old cards I did not try to enroll. Hopefully this summer I can enroll those cards as they mature to 2 years. AT least I have my wife's 7 year old card and that is the only tradeline offer I have received thus far.
Thank you Arebelspy I did put you down as my referral.
I added 2 of my cards that were 18-20 months since they were previously accepted (by email from the owner). I guess we'll see if they continue to take them. You might want to add them or email asking. If they get rejected, I will update my post to advise.
I've never activated an AU's card. You're good. :)Yep I just did. Easy peasy.
Worth setting up the portal. It's quick. Probably 5 minutes to create a login, and 1-2 minutes per card needing to add.
The email now said to get the cards AND activate them, unlike the last adds where they just wanted me
to get card, but not activate.
This is a big hassle for me, being a fulltime traveller and receiving mail at a friends place,
where I don't want cards mailed to with a bunch of different names.
...
If I knew I'd sell that many spots on a regular basis, it would be worthwhile investing in a mail forwarder, but at this point
the deal I have with my friend, works fine for me.
I believe the last batch of emails should go out tomorrow, and then everyone should have received it.
If you want tradeline sales, go on and create a login, and add your cards into the system.
If you want to get the higher MMM payouts, make sure you put MMM/Joe as the referral in the drop down.
I believe the last batch of emails should go out tomorrow, and then everyone should have received it.
If you want tradeline sales, go on and create a login, and add your cards into the system.
If you want to get the higher MMM payouts, make sure you put MMM/Joe as the referral in the drop down.
Should I be concerned that I have not received an email yet?
They work M-F, so not hearing anything on the weekend isn't a concern. :)
I had a couple cards that were not used in 60 days (and choose 'no' on the portal; Chrome on Win.7).What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.
I thought it was asking "have you used the card in the past 60 days?" I was able to choose yes or no. You may want to try a different browser since some have noted browser issues. Firefox worked fine for me on Windows.
I had a couple cards that were not used in 60 days (and choose 'no' on the portal; Chrome on Win.7).What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.
I thought it was asking "have you used the card in the past 60 days?" I was able to choose yes or no. You may want to try a different browser since some have noted browser issues. Firefox worked fine for me on Windows.
I've use those cards now (small charges). How do I edit that on the portal? Or how do I tell 'the Co.'?
I had a couple cards that were not used in 60 days (and choose 'no' on the portal; Chrome on Win.7).What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.
I thought it was asking "have you used the card in the past 60 days?" I was able to choose yes or no. You may want to try a different browser since some have noted browser issues. Firefox worked fine for me on Windows.
I've use those cards now (small charges). How do I edit that on the portal? Or how do I tell 'the Co.'?
i think it's intended to use the "ticket system" in the portal to make changes like that, but the email address they have set up to receive the tickets bounced back when I tried to have them implement a CLI.
I'll say what I said to her: They got the critical pieces in place, good enough for "go live" and start moving away from doing everything over email. The rest can be cleaned up later.
Never bothered to do a second month charge even when they pay for 2 months
QuoteNever bothered to do a second month charge even when they pay for 2 months
So....how do you know when they are paying for 2 months?
I inquired about if they would let me know when to remove an add I did in late January, they said they leave them up for 60-90 days, but I imagine we don't get paid for 2 or 3 months every time?
Well, I guess I must be the 1'st to get my card closed with the new company. I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity." I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month. I'm wondering if I'll get paid for anything now?
Ick.
Sorry. =/
Can you CC me (you should have my email from the original referral info, but if not, PM me for it) when you message the tradeline company about it (or, if you've already messaged them, forward to me), so I can be in the loop as well?
I also just emailed them separately, and will keep everyone in the loop.Ruh roh. We have a 45k 1996 BofA with old company. Maybe we'll play it cool for a month or two.
I have multiple B of As enrolled between my wife and I, including a 45k card I added an AU to about 4 days ago. =/
Well, this was one of the risks... I'll be interested to see how it plays out.
FYI, Citi can transfer credit line between cards, but most people at Citi have no idea WTF you are talking about, especially the front line CSRs. I was transferred numerous times and it was quite a long call. Basically once you strip out the "WTF" people it needed to go through: Another credit line increase request -> denied -> transfer credit line from another Citi card.
Was the card at least six months old? That is a stipulation with Citi...
My BoA was closed on my first attempt to add any AUs. I added 3 AUs per the tradeline company's request and my account was closed less than a week a later. I am communicating with them right now on the topic, but I wanted to give everyone an additional heads up/data point.
Well, I guess I must be the 1'st to get my card closed with the new company.
My BoA was closed on my first attempt to add any AUs.
Got a confirmation that my info was received on Feb. 3rd. I still haven't received any emails about signing up for the portal.
Guess the USAA, Capital One, Discover, Barclay, Citibank, etc. cardholders get more orders put their way now.
I'm in good shape personally with respect to everything with the new company, but I just wanted to pop in and say a big thank you to ARS for the extra work he's doing on this thread in terms of sharing the opportunity, and especially the extra help he just offered to help those of us who are running into issues. He's also done some (probably a lot, actually) stuff behind the scenes. He obviously doesn't need to do any of this, and some of what he has done has been detrimental to himself and his family.
Thanks, ARS!!
My BoA was closed on my first attempt to add any AUs. I added 3 AUs per the tradeline company's request and my account was closed less than a week a later. I am communicating with them right now on the topic, but I wanted to give everyone an additional heads up/data point.
Got a confirmation that my info was received on Feb. 3rd. I still haven't received any emails about signing up for the portal.
I sent my info in on 2/17 and haven't received a portal email either, FYI.
Emailed with the company owner.
They stopped B of A adds last week.
They have seen this type of crackdown before, B of A last did it about three years ago. Capital One has done the same in the past as well. They thought they might be done with B of A and Capital One for good, but then they've come back as useful.
Other tradeline companies are seeing the same thing; as boarder mentioned, the one he uses stopped using B of A a few weeks ago, and a few other companies are seeing the same thing.
It seems cyclical. Right now Citi and B of A are auditing and more dangerous to use. They'll be good again in a bit, and something else may be annoying.
They're also reaching out to contacts at B of A to try to get more information.
Part of the risks of selling tradelines, unfortunately. Bummer that it happened so soon for some of you. =/
Well, I guess I must be the 1'st to get my card closed with the new company.My BoA was closed on my first attempt to add any AUs.
Damn.
That's two now. =/
Crossing my fingers my B of A cards aren't cancelled; I have several AUs on each (including an AU added within the last week or so).
Messaging the company for more info, but for now, it looks like B of A may be a no-go for a bit.
Can either of you confirm if you had other accounts with B of A besides the one card that was closed, and that those other accounts were not closed?
Guess the USAA, Capital One, Discover, Barclay, Citibank, etc. cardholders get more orders put their way now.
Ok, got both of my cards active in the system (Discover and Citi) - each one shows what I assume to be only two spots for AUs. Are they limiting AUs on these cards due to the audit issues?
I'm in good shape personally with respect to everything with the new company, but I just wanted to pop in and say a big thank you to ARS for the extra work he's doing on this thread in terms of sharing the opportunity, and especially the extra help he just offered to help those of us who are running into issues. He's also done some (probably a lot, actually) stuff behind the scenes. He obviously doesn't need to do any of this, and some of what he has done has been detrimental to himself and his family.
Thanks, ARS!!
I'm in good shape personally with respect to everything with the new company, but I just wanted to pop in and say a big thank you to ARS for the extra work he's doing on this thread in terms of sharing the opportunity, and especially the extra help he just offered to help those of us who are running into issues. He's also done some (probably a lot, actually) stuff behind the scenes. He obviously doesn't need to do any of this, and some of what he has done has been detrimental to himself and his family.
Thanks, ARS!!
Hear, hear! As I happily use the extra $125-$300 per month to chip away at medical bills, I'm so grateful to ARS for sharing what he knows, and for everyone who chimes in with tips and advice.
One question I had - the Citi card I registered with them has a family member on there as an AU. I didn't see anywhere in the portal to note how many AU's are on a card. Should I just take that family member off to be safe? Or would that just bring attention to the account...
Ok, got both of my cards active in the system (Discover and Citi) - each one shows what I assume to be only two spots for AUs. Are they limiting AUs on these cards due to the audit issues?
I have a checking, savings and a brokerage account with them and they did not do anything to those accounts.
I finally got enrolled in the portal and am now getting the Card Add Error. I'll have to try Internet Explorer when I get home.
I finally signed up on their new website... I think some previous messages went to spam so check that if you are hoping for a reply. I only have 1-2 cards that fit the bill, but I won't say no to extra money.
On the other hand, is anyone signing up for new cards specifically for piggybacking? Lets say I sign up for a citi card, no/little bonus. It will be a couple years before this will make me any money as a piggyback. So it's kind of a gamble, but what are you guys doing? Sorry, I'm 90% sure this has been discussed in the past in one of these threads but I can't easily find it.
I finally signed up on their new website... I think some previous messages went to spam so check that if you are hoping for a reply. I only have 1-2 cards that fit the bill, but I won't say no to extra money.
On the other hand, is anyone signing up for new cards specifically for piggybacking? Lets say I sign up for a citi card, no/little bonus. It will be a couple years before this will make me any money as a piggyback. So it's kind of a gamble, but what are you guys doing? Sorry, I'm 90% sure this has been discussed in the past in one of these threads but I can't easily find it.
I finally got enrolled in the portal and am now getting the Card Add Error. I'll have to try Internet Explorer when I get home.
Just a quick update/question: I am still unable to add any cards to my account. I get the infamous "**Card Add Failed!!" error message when I try to do so. I also get the failure message when trying to add a ticket for the help desk.
I ended up sending an e-mail to the support e-mail address under contacts - still waiting for a reply which is fine since I didn't send it until late Friday.
Did anyone else run into these issues; if so, how did you get it to work? I've tried multiple browsers (IE, Chrome, Firefox) to no avail.
I created a help ticket on March 1, to raise a credit limit. It was addressed today, March 6. So they have quite a bit of back log.
And, I signed up when rebs started this thread, months ago. Still haven't got any sales! How long am I supposed to wait?
As a side note, I got a couple cards in the mail for the two AU's I added to my card. Any reason I shouldn't just shred them?
And, I signed up when rebs started this thread, months ago. Still haven't got any sales! How long am I supposed to wait?
Consider how this looks from my perspective. Some stranger on the internet convinced me to hand over all of my credit card info with the promise of easy money while working from home, and then absconded with my info, never to be heard from again. Internet stranger tells me everything is fine, I should do nothing. Have I fallen prey to an online scam? Do I need to file a fraud report?
Some stranger on the internet convinced me to hand over all of my credit card info
I finally got enrolled in the portal and am now getting the Card Add Error. I'll have to try Internet Explorer when I get home.
Just a quick update/question: I am still unable to add any cards to my account. I get the infamous "**Card Add Failed!!" error message when I try to do so. I also get the failure message when trying to add a ticket for the help desk.
I ended up sending an e-mail to the support e-mail address under contacts - still waiting for a reply which is fine since I didn't send it until late Friday.
Did anyone else run into these issues; if so, how did you get it to work? I've tried multiple browsers (IE, Chrome, Firefox) to no avail.
Same exact issue here. I told the guy about it last week and he said he would check with the developer and get back to me, but I haven't heard anything since then.
Did you really hand over any actual credit card info (numbers, expiration dates, security code)? Cause you shouldn't have, nor should that have ever been requested.
Please, internet stranger, tell me everything is okay and I should do nothing.
I don't think it's actually a scam, but from the perspective of someone in my situation it certainly does look like one, doesn't it?
ust send us all your bank account info, SSN, and a copy of your signature, and wait for the money to start rolling in!
Did you really hand over any actual credit card info (numbers, expiration dates, security code)? Cause you shouldn't have, nor should that have ever been requested.
You're right, we didn't have to hand over card numbers. Just banks and dates and credit limits, home address and phone number, plus SSN and a copy of signature. Oh, and checking account and routing number. Gee, I feel so much better now.
This is why you should use an EIN and a separate checking account. Not that I am worried about this company, but why send your SSN and primary banking info to anyone when there are less sensitive alternatives available?
Er...the information and risks were clearly stated, you had a chance to ask any questions or raise any concerns, and you freely made a choice as an adult. I don't understand how you justify your complaining.
Er...the information and risks were clearly stated, you had a chance to ask any questions or raise any concerns, and you freely made a choice as an adult. I don't understand how you justify your complaining.
Not complaining. Just commenting that it looks a little scammy from the perspective of someone who hasn't heard a peep out of this company for two months, after handing over all of their personal info.
I can "freely make a choice as an adult" to send money to a Nigerian prince on the internet, too. Whether or not that prince is offering a legitimate business endeavor makes no difference. Generally speaking, I'm wary of people who ask for my financial information on the internet, and promise me vast personal riches as a result. This time, I decided to be less wary. So far, that hasn't paid off for me.
I finally got enrolled in the portal and am now getting the Card Add Error. I'll have to try Internet Explorer when I get home.
Just a quick update/question: I am still unable to add any cards to my account. I get the infamous "**Card Add Failed!!" error message when I try to do so. I also get the failure message when trying to add a ticket for the help desk.
I ended up sending an e-mail to the support e-mail address under contacts - still waiting for a reply which is fine since I didn't send it until late Friday.
Did anyone else run into these issues; if so, how did you get it to work? I've tried multiple browsers (IE, Chrome, Firefox) to no avail.
Same exact issue here. I told the guy about it last week and he said he would check with the developer and get back to me, but I haven't heard anything since then.
They think this is fixed (said it was related to having a username/email of more than 25 characters not being recognized by the card holder table, which is no longer an issue)--can anyone who experienced this try again and let us know?
They think this is fixed (said it was related to having a username/email of more than 25 characters not being recognized by the card holder table, which is no longer an issue)--can anyone who experienced this try again and let us know?
He entered the closing date as one day before it actually is, though - is that worth changing? Or will having the system think it closes one day early just give me a safety buffer for last-minute adds?
Those of you waiting, I believe they're saying the average time right now from sign up to first tradeline sale will typically be 2-3 weeks (longer if your card is < 20k, 5 yrs+, shorter if it's higher than those), and that's average--so some will be much quicker (as above), some will take longer.
Also closing date plays a factor, as you'll typically see sales right before your closing date, so if your closing date is the 30th, you'll have a few weeks to wait--if it's the 8th, you already missed that window. Even if your card was enrolled at that time, then hopefully you'll see one next statement.
@Wandles: Can you confirm the above? What is the age/limit range of your card, if you don't mind sharing? (And I'm assuming the closing date is soon?)
My card closed on the 9th and my sales were on the 8th and 9th so they were last minute sales. It is an older card (~10 years) and has a $25k limit so I'm not sure if that got me worked through the system faster. At the same time as the USAA card I signed up a Citi card that is 2 years old, ~$11k limit, same closing date and no word on that one.
I got a 'sale' (It's a rental!)
I got a 'sale' (It's a rental!)
Haha. Good point.
Neat that they're starting to use the portal, thanks for the info!
All adds that I'm aware of to this point had still been manual, as they start to switch over.
Is there a way to increase credit limit on a card in the portal?
Is there a way to increase credit limit on a card in the portal?
Thanks.Is there a way to increase credit limit on a card in the portal?I created a help ticket on the portal. It took about a week, but they responded.
Is there a way to increase credit limit on a card in the portal?
I created a help ticket on the portal. It took about a week, but they responded.
Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?Just ignore it. Or "update" it to the same address, if you have to do something.
Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?This was one of my worries. I live in a small town and trying to explain this to the postal workers while cars are driving by in about 20 seconds would just make it seem like I am running a scam.
Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?This was one of my worries. I live in a small town and trying to explain this to the postal workers while cars are driving by in about 20 seconds would just make it seem like I am running a scam.
What do you need to explain? It's mail not addressed to you. Return to sender.Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?This was one of my worries. I live in a small town and trying to explain this to the postal workers while cars are driving by in about 20 seconds would just make it seem like I am running a scam.
That's their job. :)
Do you think they're going to get together with the CC company and start asking questions or something?
Well, the PO always returns them then the CC company's could become suspicious.
Well, the PO always returns them then the CC company's could become suspicious.Summary: Post office should deliver. If they don't, CC company won't care anyways.
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.
Got my first add with new company since joining on Jan 3rd - yay! (coincidentally got one with old company on the same day as well, on a different card that I have with them). Overall it's been a productive day :). Thank you ARS, we have been enjoying the extra cash in our early FIRE days.
New company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.
I don't think there's more preferable dates, other than spread out from other cards (but no way to know that)--people buy whenever they need a tradeline.
Your card is quite good, it should max out every month.
To that point, I have some new information pending about upcoming sales. Give me til the beginning of next week, due to the weekend, but update coming.
Quoteust send us all your bank account info, SSN, and a copy of your signature, and wait for the money to start rolling in!
This is why you should use an EIN and a separate checking account. Not that I am worried about this company, but why send your SSN and primary banking info to anyone when there are less sensitive alternatives available?
Has anyone else noticed that sales of Barclaycard spots often don't post correctly?
Has anyone else noticed that sales of Barclaycard spots often don't post correctly? I've sold 7 spots on my card over the past 8 months, and of those, 4 posted correctly and 3 didn't. I've followed the same exact online add procedure each time.
Barclays doesn't ask for SSN in the online add form, so I'm thinking maybe I need to call and give them SSN just to add all info that can help with a correct posting.
But wondering if others have noticed this? The other card I sell regularly on (Discover) asks for SSN online and I've never had a Discover sale fall through.
New company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.
I think the sales are dependent on what gets the buyers of the tradelines the maximum bang for their buck. For example, a card with limit of $14,xxx will get almost the same bang as buying a tradeline which has $15,xxx or $16,xxx limit. But the buyer would have to pay more for the card with limits of $15,xxx and over since the bracket changes from the $14K (assuming the pay structure changes as with us sellers cards limits). So I think it's beneficial for us sellers to have cards with limits like $14,xxx or $19,xxx.
FYI, Bank of America is closing accounts for Irregular Authorized User Activity. If you value that account, I suggest you remove from the list.
.......I usually never count my money while sitting at the table, there'll be time enough for counting, when the dealin's done....
.....
Barclays doesn't ask for SSN in the online add form, so I'm thinking maybe I need to call and give them SSN just to add all info that can help with a correct posting.
New company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.
Do you add online and then call just to give them the SSN? Or have you been doing everything over the phone?
The new company has yet to ask me to remove a couple AU's I added in early January. Is this typical?
QuoteHas anyone else noticed that sales of Barclaycard spots often don't post correctly?
How does one learn this? Do they tell you when it doesn't post correctly?
QuoteHas anyone else noticed that sales of Barclaycard spots often don't post correctly?
How does one learn this? Do they tell you when it doesn't post correctly?
Still curious to know the answer to this.... I had an add the 4th week of Jan, 1st week of Feb and 4th week of Feb. I'm assuming they posted because I haven't heard from them indicating otherwise, yet other people have commented about cards not posting, so it's kind of confusing. I also haven't received any $$$ yet though.
Yes, you'll either get paid if it posted, or get a copy of the credit report showing it didn't post if it didn't.
Well shit, another month come and gone without any adds. I've got a $33K card that's 3 years old and a $12K card that's 5 years old. Signed up in January.
This whole thing is a bust, thus far.
This whole thing is a bust, thus far.
Same for me, and probably others.
It could be that your 'better' cards are to 'costly' to the buyers(renters).Well shit, another month come and gone without any adds. I've got a $33K card that's 3 years old and a $12K card that's 5 years old. Signed up in January.Mine are even better than that, and still no sales. This whole thing is a bust, thus far.
To that point, I have some new information pending about upcoming sales. Give me til the beginning of next week, due to the weekend, but update coming.ARS, did I miss this, or am I just a little impatient?
To that point, I have some new information pending about upcoming sales. Give me til the beginning of next week, due to the weekend, but update coming.ARS, did I miss this, or am I just a little impatient?
This whole thing is a bust, thus far.
Same for me, and probably others.
Me too.
No sale here either. One of my car says "Resting Card" instead of "Active" what does that mean?
No sale here either. One of my car says "Resting Card" instead of "Active" what does that mean?
Got an e-mail from the New Company. Need to add 2 AUs to my Barclay card.
Question: When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"? I already added one of them, and entered his address, but made sure that the card will be delivered to my address. Is that what I was supposed to do? Or did I need to enter his address at all?
And after I add them online, I have to call Barclay's to give them the SSN's, right?
Thanks.
Yes, you'll either get paid if it posted, or get a copy of the credit report showing it didn't post if it didn't.
Is there any rhyme or reason to why certain cards don't post? Is there anything we can do to increase the chances this would happen? Other than maintain a balance? Do larger balances have a greater chance of posting, etc? Anyone know if USAA cards have issues posting?
Can you have the same card with more than one tradeline company as long as you are careful not to add too many authorized users?
I got an Email (from the (new) Co.) that my AU add last week wasn’t completed in time
Thru EMails (which were prompt) I found out that;
On the Portal; My Tasks; shows (in red) “Add Completed” THIS IS A BUTTON TO PRESS after doing the add! I thought it was a confirmation...
To that point, I have some new information pending about upcoming sales. Give me til the beginning of next week, due to the weekend, but update coming.ARS, did I miss this, or am I just a little impatient?
Just got a last minute add to my Citi card - that's four for the month at $200 a pop! Doing my happy dance today!
Got an e-mail from the New Company. Need to add 2 AUs to my Barclay card.
Question: When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"? I already added one of them, and entered his address, but made sure that the card will be delivered to my address. Is that what I was supposed to do? Or did I need to enter his address at all?
And after I add them online, I have to call Barclay's to give them the SSN's, right?
Thanks.
I shouldn't complain about NOT getting any benefit out of this idea, but it does sting a little to watch other folks rolling in free money.
Oof.. I understand why you went this route, I just wish you had said something to me.
It would have been much easier to tell everyone up front "Hey, there's too many people to process manually, they're working on setting up the portal, and you won't see adds until then."
Then their expectation would have been set appropriately.
Instead they heard "you'll get adds soon!" from me and emails from you saying "you'll see adds in February" and they got nothing... and now they will hear "Well...actually they only added some people. The rest of you that signed up were told you were put in the system, but they didn't bother to really do that yet, sorry!"
I'm sure you can see how that's quite disappointing (versus being told up front).
Got an e-mail from the New Company. Need to add 2 AUs to my Barclay card.
Question: When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"? I already added one of them, and entered his address, but made sure that the card will be delivered to my address. Is that what I was supposed to do? Or did I need to enter his address at all?
And after I add them online, I have to call Barclay's to give them the SSN's, right?
Thanks.
ARS stated that he never added the SSN for Barclays and it's never not posted. YMMV of course.
Got an e-mail from the New Company. Need to add 2 AUs to my Barclay card.
Question: When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"? I already added one of them, and entered his address, but made sure that the card will be delivered to my address. Is that what I was supposed to do? Or did I need to enter his address at all?
And after I add them online, I have to call Barclay's to give them the SSN's, right?
Thanks.
Got an e-mail from the New Company. Need to add 2 AUs to my Barclay card.
Question: When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"? I already added one of them, and entered his address, but made sure that the card will be delivered to my address. Is that what I was supposed to do? Or did I need to enter his address at all?
And after I add them online, I have to call Barclay's to give them the SSN's, right?
Thanks.
ARS stated that he never added the SSN for Barclays and it's never not posted. YMMV of course.
Thanks, tj.
The company owner just told me that I should not add AUs for Barclay on the Barclay site. Rather, I should call Barclay to make the adds. Also, he suggested that I insist on giving Barclay the AU's SSN, even if they tell me it's not necessary.
Still not sure whether I need to give Barclay the AU's address...
I got an Email (from the (new) Co.) that my AU add last week wasn’t completed in time
Thru EMails (which were prompt) I found out that;
On the Portal; My Tasks; shows (in red) “Add Completed” THIS IS A BUTTON TO PRESS after doing the add! I thought it was a confirmation...
I got an Email (from the (new) Co.) that my AU add last week wasn’t completed in time
Thru EMails (which were prompt) I found out that;
On the Portal; My Tasks; shows (in red) “Add Completed” THIS IS A BUTTON TO PRESS after doing the add! I thought it was a confirmation...
I have not used the portal yet for an actual sale, so maybe I am confusing myself...
Does the above mean to click the button after you performed the add? ie Similar to the way that old TL company had a button.
Thanks to anyone who can clarify.
they basically were only using a small subset of cards... stopped adding the cards into their sales pipeline.
Sometimes they just don't post. But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly. Make sure you add in the SSNs, addresses, any info needed. And yes, have it close with a balance.
QuoteSometimes they just don't post. But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly. Make sure you add in the SSNs, addresses, any info needed. And yes, have it close with a balance.
I was always confused when people said this. So we are supposed to close with an interest bearing balance?? Obviously a few cents in interest is a lot less than $150/2 or whatever but I was not quite sure if we are supposed to charge something to the card let the statement close with a charge on the card or charge the card then just pay it off a few days later within the statement. I thought it was the latter.
edited for clarity.
QuoteSometimes they just don't post. But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly. Make sure you add in the SSNs, addresses, any info needed. And yes, have it close with a balance.
I was always confused when people said this. So we are supposed to close with an interest bearing balance?? Obviously a few cents in interest is a lot less than $150/2 or whatever but I was not quite sure if we are supposed to charge something to the card let the statement close with a charge on the card or charge the card then just pay it off a few days later within the statement. I thought it was the latter.
edited for clarity.
QuoteSometimes they just don't post. But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly. Make sure you add in the SSNs, addresses, any info needed. And yes, have it close with a balance.
I was always confused when people said this. So we are supposed to close with an interest bearing balance?? Obviously a few cents in interest is a lot less than $150/2 or whatever but I was not quite sure if we are supposed to charge something to the card let the statement close with a charge on the card or charge the card then just pay it off a few days later within the statement. I thought it was the latter.
edited for clarity.
they basically were only using a small subset of cards... stopped adding the cards into their sales pipeline.
We (spouse and I) had already concluded that it was something like this, because not only did we not get any sales, we didn't get any further communications from them at all, after enrollment. Just last week we finally contacted them again and had to request access to the online portal, because they hadn't even told us it was live. I only knew about it from this thread.
I could forgive a genuine misunderstanding, but they literally lied to us about our cards being added. Outright lied.
I will attempt to forgive this supreme shittiness if things improve in the future, but my hopes are not terribly high. This is no way to run a business.
Just got an email from Capital One that my AU's card shipped out to me today.
To confirm - we do not need to activate AU cards correct?
Just got an email from Capital One that my AU's card shipped out to me today.
To confirm - we do not need to activate AU cards correct?
Nope, feel free to shred them.
QuoteSometimes they just don't post. But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly. Make sure you add in the SSNs, addresses, any info needed. And yes, have it close with a balance.
I was always confused when people said this. So we are supposed to close with an interest bearing balance?? Obviously a few cents in interest is a lot less than $150/2 or whatever but I was not quite sure if we are supposed to charge something to the card let the statement close with a charge on the card or charge the card then just pay it off a few days later within the statement. I thought it was the latter.
edited for clarity.
you let it close with a balance, but pay it before the due date. No interest charged.
You have to read the blog a little bit to find out where MMM lives. Just start reading, you'll come to it before long.
Ok, so now that I know the answer.. I assume its frowned upon to post it anywhere, right?? that ruins the game.
Will I actually get a response from arebelspy?
they basically were only using a small subset of cards... stopped adding the cards into their sales pipeline.
We (spouse and I) had already concluded that it was something like this, because not only did we not get any sales, we didn't get any further communications from them at all, after enrollment. Just last week we finally contacted them again and had to request access to the online portal, because they hadn't even told us it was live. I only knew about it from this thread.
I could forgive a genuine misunderstanding, but they literally lied to us about our cards being added. Outright lied.
I will attempt to forgive this supreme shittiness if things improve in the future, but my hopes are not terribly high. This is no way to run a business.
Ok, so now that I know the answer.. I assume its frowned upon to post it anywhere, right?? that ruins the game.
Will I actually get a response from arebelspy?
You're looking at 17 pages of posts from people who have gotten responses :)
Ok, so now that I know the answer.. I assume its frowned upon to post it anywhere, right?? that ruins the game.
Will I actually get a response from arebelspy?
You're looking at 17 pages of posts from people who have gotten responses :)
Yes, you're right.. 17 pages. But, it says "If you want a referral to the tradeline company I recommend, Click Here To Send Me a PM."
..So, do I need to wait for a Direct PM from him before I'll be told what they name of this company is. Or, do I just continue to read.
(its not that I don't like to read, its that at work, its problematic..)
Just got an email from Capital One that my AU's card shipped out to me today.
To confirm - we do not need to activate AU cards correct?
Nope, feel free to shred them.
On my most recent add, the new company explicitly requested that I activate the card: "Once it is received, activate it, and hold onto it until we tell you to destroy it."
Ok, so now that I know the answer.. I assume its frowned upon to post it anywhere, right?? that ruins the game.
Will I actually get a response from arebelspy?
You're looking at 17 pages of posts from people who have gotten responses :)
Yes, you're right.. 17 pages. But, it says "If you want a referral to the tradeline company I recommend, Click Here To Send Me a PM."
..So, do I need to wait for a Direct PM from him before I'll be told what they name of this company is. Or, do I just continue to read.
(its not that I don't like to read, its that at work, its problematic..)
they basically were only using a small subset of cards... stopped adding the cards into their sales pipeline.
We (spouse and I) had already concluded that it was something like this, because not only did we not get any sales, we didn't get any further communications from them at all, after enrollment. Just last week we finally contacted them again and had to request access to the online portal, because they hadn't even told us it was live. I only knew about it from this thread.
I could forgive a genuine misunderstanding, but they literally lied to us about our cards being added. Outright lied.
I will attempt to forgive this supreme shittiness if things improve in the future, but my hopes are not terribly high. This is no way to run a business.
I figured out they were not using my card recently, despite it being in the portal. When I clicked on the card and the info shows, if you look down at the bottom of the card info there is a calendar showing when it's available or unavailable. Mine was set to unavailable for the last three months (Jan, Feb, March), despite emails and phone conversations with the owner saying otherwise. :( April shows it as available, but obviously this company can't be trusted to be tell the truth, so who knows if that calendar even means anything.
I was always confused when people said this. So we are supposed to close with an interest bearing balance??
you let it close with a balance, but pay it before the due date. No interest charged.
I have a feeling they are so ridiculously flooded with cards it would be surprising if you get any adds. Not trying to be a Debbie Downer, but since they weren't/aren't able to handle the flood of cards, I doubt they will handle a flood of business. I think I got while the gettin' was good. Now I am not expecting much if any going forward. Seems pointless to sign my SO up.
To confirm - we do not need to activate AU cards correct?
I've tried to message arebelspy for more info, but I can't seem to answer the questions right..
Will I actually get a response from arebelspy?
My understanding of the calendar is that it simply shows weather the card is available for adds for that month. Mine showed available for March until the closing date and then went unavailable. It wouldn't make much sense to give you an add 3 weeks before closing date.
yeah what beginner said. you're mis interpretting the calendar. happy inaz
"We recommend activating the cards and even making a small charge to about 1 in 5 cards (if possible but not crucial by any means) at a gas station or somewhere similar. The motive is to avoid a consistent pattern. If every card is never activated and never charged to, it makes it easier to spot. This is not mandatory but does give you a slightly better chance at avoiding closure."
Disappointing news about the lack of adds, but damn, there's some serious entitlement going on in this thread. This is a niche industry, and as far as we know the tradeline company has a handful of employees at most: they're a small shop with underdeveloped processes handling a lot of business. This was an honest mistake and not some grand conspiracy to maliciously lie to their stakeholders, as some people in this thread have implied (or stated outright).I think the "unbecoming and act like an adult" is on the other side.
Seriously guys, this is just unbecoming. Let's act like adults, shall we?
Quote"We recommend activating the cards and even making a small charge to about 1 in 5 cards (if possible but not crucial by any means) at a gas station or somewhere similar. The motive is to avoid a consistent pattern. If every card is never activated and never charged to, it makes it easier to spot. This is not mandatory but does give you a slightly better chance at avoiding closure."
This is an interesting recommendation—seems like activity on an AU card that can clearly be traced to a different state than the AU's address might raise some red flags. I get the idea here but I think I'd stick with online-only purchases if I were to activate an AU card.
Ok, so now that I know the answer.. I assume its frowned upon to post it anywhere, right?? that ruins the game.
Will I actually get a response from arebelspy?
You're looking at 17 pages of posts from people who have gotten responses :)
Yes, you're right.. 17 pages. But, it says "If you want a referral to the tradeline company I recommend, Click Here To Send Me a PM."
..So, do I need to wait for a Direct PM from him before I'll be told what they name of this company is. Or, do I just continue to read.
(its not that I don't like to read, its that at work, its problematic..)
I think you are more likely to get a response if you make contributions to the forum. But who knows, the guy is a nomadic early retiree, i wouldn't expect an immediate response.
they basically were only using a small subset of cards... stopped adding the cards into their sales pipeline.
We (spouse and I) had already concluded that it was something like this, because not only did we not get any sales, we didn't get any further communications from them at all, after enrollment. Just last week we finally contacted them again and had to request access to the online portal, because they hadn't even told us it was live. I only knew about it from this thread.
I could forgive a genuine misunderstanding, but they literally lied to us about our cards being added. Outright lied.
I will attempt to forgive this supreme shittiness if things improve in the future, but my hopes are not terribly high. This is no way to run a business.
I figured out they were not using my card recently, despite it being in the portal. When I clicked on the card and the info shows, if you look down at the bottom of the card info there is a calendar showing when it's available or unavailable. Mine was set to unavailable for the last three months (Jan, Feb, March), despite emails and phone conversations with the owner saying otherwise. :( April shows it as available, but obviously this company can't be trusted to be tell the truth, so who knows if that calendar even means anything.
My understanding of the calendar is that it simply shows weather the card is available for adds for that month. Mine showed available for March until the closing date and then went unavailable. It wouldn't make much sense to give you an add 3 weeks before closing date.
Disappointing news about the lack of adds, but damn, there's some serious entitlement going on in this thread. This is a niche industry, and as far as we know the tradeline company has a handful of employees at most: they're a small shop with underdeveloped processes handling a lot of business. This was an honest mistake and not some grand conspiracy to maliciously lie to their stakeholders, as some people in this thread have implied (or stated outright).I think the "unbecoming and act like an adult" is on the other side.
Seriously guys, this is just unbecoming. Let's act like adults, shall we?
I think that telling me that my cards were set up when they were decidedly not set up is worth complaining about. I don't like being misled (lied to if you want the harsher phrasing) and calling out someone's unprofessional behavior is warranted.
If they had told me "hey, we're overwhelmed, we can't add you until the new portal is up" I would have been a bit disappointed, but totally okay with it. Being straight with your business partners and clients even when you can't do what they want is part of being an adult and being professional.
Making excuses for someone's lies is unbecoming.
Gosh, I'm confused.
Received an e-mail 2 days ago from the New Company saying I have 2 folks to add to my Barclays. Did so yesterday and today. They show up on my Barclays account. Went to the portal and there is no indication of any activity related to my Barclays. Shouldn't I see the "Add completed" button that someone else mentioned?
However, it looks like there is an add for my Capital One card, even though I never received an e-mail about this add. Aren't we supposed to receive e-mails about new adds? What am I supposed to do? I clicked on the button that said "Add User". A pop-up appeared with the question "Proceed?". I clicked "yes". Does this mean that I should expect an e-mail from the company?
I went to Cap One and tried to make the add. It asks for the AU's phone number. Do I just enter my own?
Thanks for any help you can provide.
(I am confused, but I am happy to have the adds.)
Gosh, I'm confused.
Received an e-mail 2 days ago from the New Company saying I have 2 folks to add to my Barclays. Did so yesterday and today. They show up on my Barclays account. Went to the portal and there is no indication of any activity related to my Barclays. Shouldn't I see the "Add completed" button that someone else mentioned?
However, it looks like there is an add for my Capital One card, even though I never received an e-mail about this add. Aren't we supposed to receive e-mails about new adds? What am I supposed to do? I clicked on the button that said "Add User". A pop-up appeared with the question "Proceed?". I clicked "yes". Does this mean that I should expect an e-mail from the company?
I went to Cap One and tried to make the add. It asks for the AU's phone number. Do I just enter my own?
Thanks for any help you can provide.
(I am confused, but I am happy to have the adds.)
I believe the company is using both manual (i.e., email) and automated (i.e. portal) to process AUs. The company will use one or the other but probably not both methods for any given sale.
It seems that your Barclays adds are using the manual email method. If so, you should follow the instructions in the email, which probably says to do the add and then reply all to the email once you've done so.
For the Capital One add, it appears to be an automated portal add. I've not yet had one of those, so I can't tell you for sure what to do. If I were in your shoes, I'd probably wait a day or two, expecting to see an email from the company regarding this add and how to complete it. I would try to use the AU's phone number if the company provides it; otherwise I'd use my own.
I would not have clicked the "Add user" button, because I would guess that is the button you press *after* you receive an email from the company and have added the user. Since you have pressed it, the company may think you've added the AU already; which it sounds like you haven't.
Gosh, I'm confused.
Received an e-mail 2 days ago from the New Company saying I have 2 folks to add to my Barclays. Did so yesterday and today. They show up on my Barclays account. Went to the portal and there is no indication of any activity related to my Barclays. Shouldn't I see the "Add completed" button that someone else mentioned?
However, it looks like there is an add for my Capital One card, even though I never received an e-mail about this add. Aren't we supposed to receive e-mails about new adds? What am I supposed to do? I clicked on the button that said "Add User". A pop-up appeared with the question "Proceed?". I clicked "yes". Does this mean that I should expect an e-mail from the company?
I went to Cap One and tried to make the add. It asks for the AU's phone number. Do I just enter my own?
Thanks for any help you can provide.
(I am confused, but I am happy to have the adds.)
I believe the company is using both manual (i.e., email) and automated (i.e. portal) to process AUs. The company will use one or the other but probably not both methods for any given sale.
Question for anyone who has had sales through the new portal...Do not add that AU yet. Every add has the month date - no idea why. It's title on the portal is "Put On".
I have a sale with an add date of 4/2017. When should I actually add the AU? April 1st?
Thanks for any insight.
On my most recent add, the new company explicitly requested that I activate the card: "Once it is received, activate it, and hold onto it until we tell you to destroy it."Thanks for sharing this.
Here's the owner's response on activating AU's cards -
"We recommend activating the cards and even making a small charge to about 1 in 5 cards (if possible but not crucial by any means) at a gas station or somewhere similar. The motive is to avoid a consistent pattern. If every card is never activated and never charged to, it makes it easier to spot. This is not mandatory but does give you a slightly better chance at avoiding closure."
So it seems like we should randomize... activate some, charge to some, don't activate some, etc
Received an e-mail 2 days ago from the New Company saying I have 2 folks to add to my Barclays. Did so yesterday and today. They show up on my Barclays account. Went to the portal and there is no indication of any activity related to my Barclays. Shouldn't I see the "Add completed" button that someone else mentioned?The "Add completed" button is under 'My Tasks' - and it doesn't look like a button.
When I got a request for my first added AU for Capital One ...thanks for sharing this
a request for phone number, but I had contacted the company about this and they said to use my own phone number, which I did.
Well shit, my capital one account is now restricted and they're asking that I call them. Added my first AU on Tuesday. Anyone else had a similar circumstance happen?
The sale was on a Capital One card with an $8k balance just under 7 years old. I wasn't expecting any sales on this card at all! ... I figured I wouldn't get any sales until the credit limit increase occurred. That's a nice surprise
No big deal; a lot of times the companies want you to verify it was actually you who added the AU. You just call and answer some standard security questions. Have the AU's name pulled up on your screen in case they ask. Usually once you do it once, they don't have you do it again (though it will occasionally happen).
I have not received an email from the company since adding my cards to the portal but I just logged in to check and saw that I had an AU listed on one of my Discover slots. I don't have anything listed in sales history or in tasks to complete, so I guess I'll just give it a few days and see if I hear anything from the company.
I just received my first sale today. Just in time as I sent the company an email saying I would be out of the country without internet access beginning tomorrow until 4/1. All three of my cards have closing dates around the 25th-27th.
I happened to see the sale on the My Cards page of their portal. I did not receive an email notification about it. That's why I emailed customer support and they told me to make the add today. They also put my cards down as "resting" for the next two weeks so that I won't have any sales that I cannot fulfill.
I just received my first sale today. Just in time as I sent the company an email saying I would be out of the country without internet access beginning tomorrow until 4/1. All three of my cards have closing dates around the 25th-27th.
I happened to see the sale on the My Cards page of their portal. I did not receive an email notification about it. That's why I emailed customer support and they told me to make the add today. They also put my cards down as "resting" for the next two weeks so that I won't have any sales that I cannot fulfill.
I got the email today and completed the process in the portal. Sweet!
I just received my first sale today. Just in time as I sent the company an email saying I would be out of the country without internet access beginning tomorrow until 4/1. All three of my cards have closing dates around the 25th-27th.
I happened to see the sale on the My Cards page of their portal. I did not receive an email notification about it. That's why I emailed customer support and they told me to make the add today. They also put my cards down as "resting" for the next two weeks so that I won't have any sales that I cannot fulfill.
I got the email today and completed the process in the portal. Sweet!
Ah, so it wasn't yet in the "My Tasks" tab yet, just "My Cards"?
They may need to remove that info, with so many people wanting to jump the gun or think they haven't gotten the email/been notified, when in reality it's just not time to add the AU yet.
It's all a learning process as we figure out the portal and they figure out the best way to communicate how it works.
Thanks for the update. Congrats on the sale! :)
QuoteHas anyone else noticed that sales of Barclaycard spots often don't post correctly?
How does one learn this? Do they tell you when it doesn't post correctly?
Still curious to know the answer to this.... I had an add the 4th week of Jan, 1st week of Feb and 4th week of Feb. I'm assuming they posted because I haven't heard from them indicating otherwise, yet other people have commented about cards not posting, so it's kind of confusing. I also haven't received any $$$ yet though.
Yes, you'll either get paid if it posted, or get a copy of the credit report showing it didn't post if it didn't.
Is there a timeline for receiving the copy of the credit report if it didn't post? Do they email you to tell you that a payment is coming, or does it just show up in your bank account?
The comparison between old and new company suggested we get paid in 4 weeks with the new company, but I'm getting close to 8 weeks and the status is still unknown to me.
Is there a timeline for receiving the copy of the credit report if it didn't post? Do they email you to tell you that a payment is coming, or does it just show up in your bank account?
The comparison between old and new company suggested we get paid in 4 weeks with the new company, but I'm getting close to 8 weeks and the status is still unknown to me.
Should be within 4 weeks, or just thereafter, of your statement close.
Everyone's January payments should have been made, and February payments should be any time, plus or minus a week, I'd guess.
If you'd like, you can PM me your email address and the date of the sale, and I can look into it for you.
This week I asked the owner of the new company about this, and he agreed that we could ping them about payment after "AU add + statement close date + 1 month + 1 week" or roughly 4-5 weeks. I've pinged him about my first two sales, and in both cases received a direct deposit payment within ~3 days, but in both cases I got the impression that if I hadn't pinged them I'd still be waiting to be paid.Does that mean you get two payments per AU add since they are added for 2 months?
You are paid for a tradeline sale, one AU for two months. They are paying to get two months, and you may have to refund them if removed early.
The two AUs I added way back at the beginning of Jan are still on my account. I have not been told to remove them yet. 2 months seems to be the minimum.
I know the explanation I received was that premature removal of an AU was viewed as more suspicious activity by the CC companies, so it makes sense that they are not removing them until they have new AUs to replace them.
has it been determined that we will NO LONGER receive email notification we need to add an AU but that we should periodically log into the online dashboard and see if they have assigned us any TASKS?
The two AUs I added way back at the beginning of Jan are still on my account. I have not been told to remove them yet. 2 months seems to be the minimum.
My suspicion is that they previously didn't have a system in place to remove AUs if new ones aren't being added.
Before, under the manual system, they'd email you "remove AUs X, Y, Z" when you got a new sale. That was fine, when they were selling lines on cards every month. Now with more cards, you might not see a sale for months, meaning the AU may sit on the card longer than necessary.
I may be wrong, and they may send out "remove AU" emails without having a new add, but all my "remove" emails have come with a new add, so I suspect if they have no new add for you, you don't get a remove email.
I'm checking in with them to confirm this, and try and get a fix, and make sure the portal either has a date you can remove after (like old company).
EDIT: You will indeed see on the portal information on when to remove the AUs.
has it been determined that we will NO LONGER receive email notification we need to add an AU but that we should periodically log into the online dashboard and see if they have assigned us any TASKS?
When I sign in, I see my TASKS tab has a lot of RED letters, but it doesn't appear I have anything to add.
More relevant to this thread is are any of you concerned that all of these AUs have your home address? Is there any way to scrub it from their credit report once they're done getting their boost?
I have my info to sign up ready to go, but there are two things holding me back. I know there's a separate thread for it, but still unsure how to report the income and how it will be taxed. More relevant to this thread is are any of you concerned that all of these AUs have your home address? Is there any way to scrub it from their credit report once they're done getting their boost?
In any case, you'll get a W9 from the company, and you'll report it on your taxes.
So do we have any idea about when chase and BofA cards might be viable again? Never?
It's been radio silence on communication from the new company for a few days now. I saw an AU show up under "My Cards" but did not have anything under "My Tasks" and no email notifications, so I was wondering when I should add that new person. Submitted a help ticket and emailed customer service with no luck.
QuoteIn any case, you'll get a W9 from the company, and you'll report it on your taxes.
You send your W9 to the company. The company sends you a 1099-MISC.
So do we have any idea about when chase and BofA cards might be viable again? Never?
It's been radio silence on communication from the new company for a few days now. I saw an AU show up under "My Cards" but did not have anything under "My Tasks" and no email notifications, so I was wondering when I should add that new person. Submitted a help ticket and emailed customer service with no luck.
So do we have any idea about when chase and BofA cards might be viable again? Never?
So do we have any idea about when chase and BofA cards might be viable again? Never?
The old company doesn't accept new BofA cards. The new company accepts them but marks them as "resting" meaning you can't use them for selling tradelines.
They're likely to start tentatively testing B of A again soon with just one slot. Old company is already using B of A again.
I'm a credit card churner with 0 credit card balances, but no less than 20 credit cards opened at a time. I have several with high limits, $20-30k that have been opened more than 10 years, so this seems fairly interesting to me. I guess one big thing I worry about is how do I know these people haven't charged off debt with this creditor before. I know from the bit of reading I've done in this thread that AMEX cards aren't eligible, but that's exactly what gets you FR'ed and shut down for GOOD, adding an authorized user who charged off AMEX debt. Similar with Chase AFAIK.
The post a bit up thread about the strange call with Capital One sounds exactly like what happened.
Not to mention the expensive algorithms and link analysis these companies purchase to detect fraud are going to find cards that have been sitting in a "sock drawer" and all of the sudden have small charges with new AU's and flag them in no time.
ARebelSpy,
First of all, thanks for turning us on to this.
Second, dude, are you sick of dealing with this? Just responding on this thread looks like a full time job.
Got my first email to process an add today. Guess I will give it a go.
EDIT: And it's done. Clicked complete through the portal so it shows as being added to the card. The portal still shows my other Discover slot as being filled, but I haven't yet received a request to add it.
I'll add another DP now that I have one: just got my first Add after signing up in late December. I got an email notification that I needed to take action in the portal, as expected. So everything appears to be running smoothly now, at least for me.
Card is a 20-month-old Barclay with a $11k limit.
Credit card companies really do care, which is why there's probably been issues with Chase. Again, AMEX has the most aggressive fraud detection and is the strictest, but their algorithms and financial review team/fraud team both find relationships to charge-offs incriminating. They have been known to close accounts just for sharing an address with someone who charged off. That being said, I don't think it isn't worth trying out. I don't care if my nearly 20-year-old USAA card is closed.I'm a credit card churner with 0 credit card balances, but no less than 20 credit cards opened at a time. I have several with high limits, $20-30k that have been opened more than 10 years, so this seems fairly interesting to me. I guess one big thing I worry about is how do I know these people haven't charged off debt with this creditor before. I know from the bit of reading I've done in this thread that AMEX cards aren't eligible, but that's exactly what gets you FR'ed and shut down for GOOD, adding an authorized user who charged off AMEX debt. Similar with Chase AFAIK.
The post a bit up thread about the strange call with Capital One sounds exactly like what happened.
With how infrequently cards are cancelled (Mustachians combined have made well over six figures in the last six months on this, and we've had 2 cards cancelled, both B of A, both this month, due to a B of A audit that was going on).
The CC companies don't care if the AU has a charged off debt from them. They won't open new credit for them, but they don't care if you add them as an AU, simply because you are then responsible for the debt, since you are responsible for any charges the AU makes. So even if the CC company views them as a deadbeat that didn't pay their bills, it's not like they can skip out on this payment, since you've agreed to pay it. (And, of course, keep in mind for your peace of mind the AU has no way to actually make a charge).
QuoteNot to mention the expensive algorithms and link analysis these companies purchase to detect fraud are going to find cards that have been sitting in a "sock drawer" and all of the sudden have small charges with new AU's and flag them in no time.
In theory, yes.
They don't seem to bother.
That could change one day, but for now, I'll take the money.
If it makes you worried, definitely don't do it. There's no reason to be awake at night over money. :)
ARebelSpy,
First of all, thanks for turning us on to this.
Second, dude, are you sick of dealing with this? Just responding on this thread looks like a full time job.
Got my first email to process an add today. Guess I will give it a go.
EDIT: And it's done. Clicked complete through the portal so it shows as being added to the card. The portal still shows my other Discover slot as being filled, but I haven't yet received a request to add it.
I'll add another DP now that I have one: just got my first Add after signing up in late December. I got an email notification that I needed to take action in the portal, as expected. So everything appears to be running smoothly now, at least for me.
Card is a 20-month-old Barclay with a $11k limit.
Got my first email to process an add today. Guess I will give it a go.
EDIT: And it's done. Clicked complete through the portal so it shows as being added to the card. The portal still shows my other Discover slot as being filled, but I haven't yet received a request to add it.
When did you finish your paperwork? Still patiently waiting myself but I know they probably have 1,000,000,000 cards to fill before they get to mine.
I still wonder how the company allocates sales across all our cards. Doesn't really matter much, but I was an engineer before and like to know how things work.
Credit card companies really do care, which is why there's probably been issues with Chase. Again, AMEX has the most aggressive fraud detection and is the strictest, but their algorithms and financial review team/fraud team both find relationships to charge-offs incriminating. They have been known to close accounts just for sharing an address with someone who charged off. That being said, I don't think it isn't worth trying out. I don't care if my nearly 20-year-old USAA card is closed.
I sent you a PM. I am interested in doing this for sure. Please refer me!
I'll add another DP now that I have one: just got my first Add after signing up in late December. I got an email notification that I needed to take action in the portal, as expected. So everything appears to be running smoothly now, at least for me.
Card is a 20-month-old Barclay with a $11k limit.
Took me a second to figure out you meant "data point." That's not usually what those letters mean. ;)
Just completed the add on that Barclay. I forgot to give them the home address for the AU, even though it was listed in the portal. I assume it's not an issue as long as the SSN and name are there and entered correctly, but we'll see.
Got my first add, finally! It was on the Citi card so I added the AU online to ensure all the information was accurate and followed that up with a phone call to provide the SSN. Hopefully this is the first sale of many, thank you ARS!I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.Sadly I am in the same boat; Citi card @ $13,200 issued 7/10 and a Discover card @ $29,500 issued 7/14. It's only been a month so although no bites before either closing dates the prior weekend, I am still hopeful and along for the ride!
Anyone that is using an EIN, have you gotten adds/paid without adding your SSN to the profile section of the online portal? I tried entering my EIN for the SSN field but it wouldn't recognize it as a valid SSN. I have submitted my W-9 with my EIN on it.
Anyone that is using an EIN, have you gotten adds/paid without adding your SSN to the profile section of the online portal? I tried entering my EIN for the SSN field but it wouldn't recognize it as a valid SSN. I have submitted my W-9 with my EIN on it.
I provided an EIN initially and got my first add this month.
Got my first add, finally! It was on the Citi card so I added the AU online to ensure all the information was accurate and followed that up with a phone call to provide the SSN. Hopefully this is the first sale of many, thank you ARS!
Anyone that is using an EIN, have you gotten adds/paid without adding your SSN to the profile section of the online portal? I tried entering my EIN for the SSN field but it wouldn't recognize it as a valid SSN. I have submitted my W-9 with my EIN on it.
I received my first two adds through the portal today, thanks ARS!Just received my second sale on the same Citi card with the billing cycle closing on 4/2. Thus far when I have called Citi to provide the SSN, it has been mid-afternoon, classic lunch time, or during the morning on Saturday or Sunday. I've simply stated I'd like to update some information on an authorized user; I'd like to include their SSN. Thanks for your assistance today.
I added them online first and then I called in the SSN's on two different phone calls, about 30 min apart from each other.
On the second call they asked me to specify relationship, which is something they never had asked me about before.
Had I had more time, I would have waited, but my statement date is tomorrow.
Started working on my first AU and ran into an address issue. Discover said USPS had a better address. It included an extra letter and seems likely to be correct. I messaged the co using the help desk link. Is that the best way to handle such cases? I assume that they will respond quick enough for me to make the add.
But I saw that Rebel has never activated any of his cards (right, Joe?).
I have my first sale pending with new TL co.
I just received my first add through the portal
I received my first two adds through the portal today, thanks ARS!
Just received my second sale on the same Citi card with the billing cycle closing on 4/2.
Anyway, I now have both slots filled on my Discover card. Fantastic! Both Discover adds have been instantaneous and without issue.
I added them online first and then I called in the SSN's on two different phone calls, about 30 min apart from each other.
On the second call they asked me to specify relationship, which is something they never had asked me about before.
Had I had more time, I would have waited, but my statement date is tomorrow.
Started working on my first AU and ran into an address issue. Discover said USPS had a better address. It included an extra letter and seems likely to be correct. I messaged the co using the help desk link. Is that the best way to handle such cases? I assume that they will respond quick enough for me to make the add.
woohoo! After nearly 3 months I received my first 2 adds today. I'm going to scan the thread but if someone could answer this for me:
1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)
2) I notice 2 adds today. I've heard people say you shouldn't add two at a time for risk of having the card shut down. Is that true or is it ok to add the 2 AU's right now?
woohoo! After nearly 3 months I received my first 2 adds today. I'm going to scan the thread but if someone could answer this for me:
1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)
2) I notice 2 adds today. I've heard people say you shouldn't add two at a time for risk of having the card shut down. Is that true or is it ok to add the 2 AU's right now?
1) You'll do the add online with DOB and all the other info, then call and ask the rep to add the SSN. Or you can do the whole add on the phone, but most of us find the former (just SSN on the phone) easier.
2) Adding 2 at a time is fine. What you don't want to do is add two AUs to separate cards on one call (e.g. say you have two Citi cards, and got an AU on both. Add one, hang up, call back, add the other... if you are adding to the same card, it's fine). And anything online is fine. Also try not to do remove and adds in the same call. Remove everyone first, then do adds on a separate call. But again, anything online is fine. As much as you can do online, do that, and just call for the stuff you can't (like adding SSNs, for certain companies). :)
So on that note, can a Citicard be added online ? I thought it was a call to the customer support person.
haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend
woohoo! After nearly 3 months I received my first 2 adds today. I'm going to scan the thread but if someone could answer this for me:
1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)
2) I notice 2 adds today. I've heard people say you shouldn't add two at a time for risk of having the card shut down. Is that true or is it ok to add the 2 AU's right now?
Thanks. Do you have a link to the script or typical questions and answer one can expect when making the call? I recall some posts about that but can't seem to find them in the 19 page thread.
1) You'll do the add online with DOB and all the other info, then call and ask the rep to add the SSN. Or you can do the whole add on the phone, but most of us find the former (just SSN on the phone) easier.
2) Adding 2 at a time is fine. What you don't want to do is add two AUs to separate cards on one call (e.g. say you have two Citi cards, and got an AU on both. Add one, hang up, call back, add the other... if you are adding to the same card, it's fine). And anything online is fine. Also try not to do remove and adds in the same call. Remove everyone first, then do adds on a separate call. But again, anything online is fine. As much as you can do online, do that, and just call for the stuff you can't (like adding SSNs, for certain companies). :)
woohoo! After nearly 3 months I received my first 2 adds today. I'm going to scan the thread but if someone could answer this for me:
1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)
2) I notice 2 adds today. I've heard people say you shouldn't add two at a time for risk of having the card shut down. Is that true or is it ok to add the 2 AU's right now?
1) You'll do the add online with DOB and all the other info, then call and ask the rep to add the SSN. Or you can do the whole add on the phone, but most of us find the former (just SSN on the phone) easier.
2) Adding 2 at a time is fine. What you don't want to do is add two AUs to separate cards on one call (e.g. say you have two Citi cards, and got an AU on both. Add one, hang up, call back, add the other... if you are adding to the same card, it's fine). And anything online is fine. Also try not to do remove and adds in the same call. Remove everyone first, then do adds on a separate call. But again, anything online is fine. As much as you can do online, do that, and just call for the stuff you can't (like adding SSNs, for certain companies). :)
haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend
So is that the secret to increasing credit lines? Bumping up spending significantly on a card?
Thanks. Do you have a link to the script or typical questions and answer one can expect when making the call? I recall some posts about that but can't seem to find them in the 19 page thread.
Also, I forgot to ask. The Capital One web interface only allows First Name, Last Name and DOB. When I call in, should I also add their address over the phone?
Finally, I believe it's been made clear that no cards are mailed to their address but are sometimes / often (but not always) mailed to my address. Can you confirm?
haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend
So is that the secret to increasing credit lines? Bumping up spending significantly on a card?
Also, I forgot to ask. The Capital One web interface only allows First Name, Last Name and DOB. When I call in, should I also add their address over the phone?
Finally, I believe it's been made clear that no cards are mailed to their address but are sometimes / often (but not always) mailed to my address. Can you confirm?
haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend
So is that the secret to increasing credit lines? Bumping up spending significantly on a card?
I added a Discover card that I rarely used to the system a while back that started with a limit of 10000. When I asked Discover for an increase every few months, they only gave me $500 on two separate occasions. Discover started offering 5% cash back on Amazon one quarter, so I made it my default payment card in Amazon for the fourth quarter of last year. Just now I went to ask Discover for another line increase, and this time they boosted it $4700 (!), no credit check, so I can only speculate that this has to do with my increased use of the card. (??)
Also, I forgot to ask. The Capital One web interface only allows First Name, Last Name and DOB. When I call in, should I also add their address over the phone?
Finally, I believe it's been made clear that no cards are mailed to their address but are sometimes / often (but not always) mailed to my address. Can you confirm?
That's odd - my Capital One interface is the only one that I can enter SS# on. I don't bother adding an address... My first two adds posted fine, but now wondering if I should call in the address for this latest one...?
Where can we find out how many spots for each different creditor the company recommends selling?
Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.
FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days. Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible). If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days. Leave them on until then. :)
Started working on my first AU and ran into an address issue. Discover said USPS had a better address. It included an extra letter and seems likely to be correct. I messaged the co using the help desk link. Is that the best way to handle such cases? I assume that they will respond quick enough for me to make the add.
I use the address given, not the USPS suggested one.
Started working on my first AU and ran into an address issue. Discover said USPS had a better address. It included an extra letter and seems likely to be correct. I messaged the co using the help desk link. Is that the best way to handle such cases? I assume that they will respond quick enough for me to make the add.
I use the address given, not the USPS suggested one.
Thanks. I did that. No response yet on my support ticket but the AU was approved by Discover. Fingers crossed...
Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.
FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days. Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible). If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days. Leave them on until then. :)
Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.
FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days. Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible). If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days. Leave them on until then. :)
I got two adds recently.
I had two AUs I added in late January. I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response. I proceeded to remove the previous AUs and am adding the new AUs.
Looking forward to some $$$ from the last cycle.
My 16 year old 20k Discover card seems to be doing well.
Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.
FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days. Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible). If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days. Leave them on until then. :)
I got two adds recently.
I had two AUs I added in late January. I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response. I proceeded to remove the previous AUs and am adding the new AUs.
Looking forward to some $$$ from the last cycle.
My 16 year old 20k Discover card seems to be doing well.
My understanding is you shouldn't remove AUs until told to do so by the company. I still have a couple from early Jan that I haven't removed yet.
Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.
FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days. Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible). If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days. Leave them on until then. :)
I got two adds recently.
I had two AUs I added in late January. I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response. I proceeded to remove the previous AUs and am adding the new AUs.
Looking forward to some $$$ from the last cycle.
My 16 year old 20k Discover card seems to be doing well.
My understanding is you shouldn't remove AUs until told to do so by the company. I still have a couple from early Jan that I haven't removed yet.
If I didn't have a request for two more adds and it hadn't been 60 days since the initial adds, I would have left them.
The typical cycle is 2 months correct?
Will they accept cards with under 2 years history? My wife's Discover is approaching two years (June, I think) but has a limit of $17k or so.
I got two adds recently.
I had two AUs I added in late January. I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response. I proceeded to remove the previous AUs and am adding the new AUs.
Looking forward to some $$$ from the last cycle.
My 16 year old 20k Discover card seems to be doing well.
Will they accept cards with under 2 years history? My wife's Discover is approaching two years (June, I think) but has a limit of $17k or so.
My Cap One had a limit of $7k but was 13 years old. I've actually seen a lot of action on it. I recently consolidated my other Cap One account with it to bump it up to a $12k limit, so hoping to see some additional action.
I'm undecided. I have a BofA card with old company $44k limit, 16 years old. Two trade lines are ready to remove and two new lines are in the queue to add.
I was thinking of putting my BofA on hold for a bit since some people reported theirs being closed. But now I'm thinking, well, if' the heat's off, why pass on $450?
What do y'all think? Any updates on the BofA shutdowns? I want some thoughts/perspective from the hive mind here before I proceed.
My Cap One had a limit of $7k but was 13 years old. I've actually seen a lot of action on it. I recently consolidated my other Cap One account with it to bump it up to a $12k limit, so hoping to see some additional action.
And even if you're seeing the same action, you're now getting $150 per add instead of $100 (assuming you put me as the referrer, which I know you did per our PMs, but just adding that caveat, since it's not a blanket thing, but just if one is on the Mustachian referral fee schedule).
50% more profit seems pretty good. :)
IMO that's one of the biggest things you can do to increase TL monies coming in--keep bumping those credit limits up.
Does anyone have any experience dealing with Capital One requesting identification documents for previous AUs? I was using a company last year that I've since stopped using, and Capital One just called me requesting documents for all AUs I've ever added.
I'm concerned that the old company won't provide these. Not sure where to go from here.
No orders yet for me :(
I have a discover opened on 2009 with 11k limit and Barclays opened in 2014 with 17k limit
I've always heard/thought that credit repair Cos were scams. I assume that most people do too.No orders yet for me :(
I have a discover opened on 2009 with 11k limit and Barclays opened in 2014 with 17k limit
Sorry you're experiencing that. They both sound like good cards.
My Elan card with $11,500 limit that is 3 years old isn't getting any either.
Does anyone have any experience dealing with Capital One requesting identification documents for previous AUs? I was using a company last year that I've since stopped using, and Capital One just called me requesting documents for all AUs I've ever added.
I'm concerned that the old company won't provide these. Not sure where to go from here.
So I added my first card to the portal about 1.5 weeks ago. I'm not expecting an add this soon, but is my card still says (PENDING ACTIVATION) next to it. Is this normal?
This is weird...Any of you seeing the same thing? Or am I just being blind?
This is weird...Any of you seeing the same thing? Or am I just being blind?
I have the link in the same place it's always been, on the "Information and Services" tab.
Just had my first two adds!Congrats on your sales solon! Do you mind me asking if you can view both of your recently added AUs at Citi's website? I recently had my first two adds and only the first is visible to me online yet I received confirmation that both were successfully added.
The call to Citi went well. It was easy to give the name, SSN, DOB, and address.
There was a slight hickup when I asked that the cards be sent to me, instead of the new AU. The rep put me on hold while he checked if he could do that. When he came back, he said, "no problem". I logged on to Citi's website, and the new AUs were already listed there, all information correct. There was even an note that clarified the cards would be coming to me, not to the new AU.
Early in the call, when the rep was verifying my identity, he asked for the "member since" date on the front of the card, and the CVV number on the back.
Just had my first two adds!Congrats on your sales solon! Do you mind me asking if you can view both of your recently added AUs at Citi's website? I recently had my first two adds and only the first is visible to me online yet I received confirmation that both were successfully added.
The call to Citi went well. It was easy to give the name, SSN, DOB, and address.
There was a slight hickup when I asked that the cards be sent to me, instead of the new AU. The rep put me on hold while he checked if he could do that. When he came back, he said, "no problem". I logged on to Citi's website, and the new AUs were already listed there, all information correct. There was even an note that clarified the cards would be coming to me, not to the new AU.
Early in the call, when the rep was verifying my identity, he asked for the "member since" date on the front of the card, and the CVV number on the back.
Thank you for your email. If you can be sure to do the add tomorrow afternoon, I think we will be fine. As you know, timing is crucial, but you are correct, you have a cushion of a few days, so adding tomorrow should be an adequate amount of time. Please let us know if you have any difficulties.
My credit score is great, but are there any requirements for keeping your credit score above a certain level or limiting the number of credit cards you can open? Just curious because I typically open a couple new cards every 6 months or so.
There was a slight hickup when I asked that the cards be sent to me, instead of the new AU. The rep put me on hold while he checked if he could do that. When he came back, he said, "no problem". I logged on to Citi's website, and the new AUs were already listed there, all information correct. There was even an note that clarified the cards would be coming to me, not to the new AU.
Just had my first two adds!
Congrats on your sales solon! Do you mind me asking if you can view both of your recently added AUs at Citi's website? I recently had my first two adds and only the first is visible to me online yet I received confirmation that both were successfully added.
My credit score is great, but are there any requirements for keeping your credit score above a certain level or limiting the number of credit cards you can open? Just curious because I typically open a couple new cards every 6 months or so.
I got my first add!
However, similar to what secondcor said, I'm currently traveling and unable to do the add until tomorrow (April 1). I'm hoping that will be okay, even though the task says to do it today, because my card doesn't close until the 7th. I sent New Company an email to that effect and we'll see if they respond.
Wow that's definitely a concern.
Question for you guys. I have 2 Capital One cards registered, $12K and $33K. It occurred to me today that I could have them combined into one account that is the older of the 2 (6 years) and with a limit of $45K.
Is there a market for cards with this high of a limit or am I better off sticking with 2 cards for 2X the number of available slots?
I got the cards from the two Discover adds today. OK to shred them or do they have to be activated or something first?
Sorry for the late reply. I wasn't online for a few days (fired life and all ;) LOL!)I received my first two adds through the portal today, thanks ARS!Just received my second sale on the same Citi card with the billing cycle closing on 4/2. Thus far when I have called Citi to provide the SSN, it has been mid-afternoon, classic lunch time, or during the morning on Saturday or Sunday. I've simply stated I'd like to update some information on an authorized user; I'd like to include their SSN. Thanks for your assistance today.
I added them online first and then I called in the SSN's on two different phone calls, about 30 min apart from each other.
On the second call they asked me to specify relationship, which is something they never had asked me about before.
Had I had more time, I would have waited, but my statement date is tomorrow.
If you don't mind sharing FrugalZony, what was your response to please specify the relationship? I would have said business associate.
Probably too late to help, secondcor521, but let us know what you ended up doing. :)
Called in to add the AUs. USAA CSR is able to add the first (third) AU just fine, but her computer threw errors when she tried to add the second (fourth) AU. CSR checks with the back office and comes back with some explanation that their computer system is being upgraded right then and that must be the cause of the glitch. She recommended calling back tomorrow or Monday. I strongly suspect that USAA has a 3 AU limit in their system that requires a supervisor-type person to override because I think I ran into the same scenario a month or two ago.
I'll call in tomorrow or Monday and try to add the last AU. If that doesn't work I'll email the new company and have them move the sale to a different card.
Well, I missed a call from Discover Card Protection a minute ago. Tried to log into my account and it's locked. I'm hoping they didn't shut me down for the two adds.
Well, I missed a call from Discover Card Protection a minute ago. Tried to log into my account and it's locked. I'm hoping they didn't shut me down for the two adds.
Nah, you'll call them and they'll just verify it was you that did the adds, verify the AU info and your info, and unlock you. Should be a one-time thing. You'll come back on here 10 minutes from now and confirm that, then someone else will have the same heart attack a few weeks from now when they do their first Discover AU adds. :)
Quick update. I sent a secure message to confirm my second AU was added properly and after I provided all of their information, including SSN, Citi notified me the add was successful and sure enough both AUs are listed online.Just had my first two adds!Congrats on your sales solon! Do you mind me asking if you can view both of your recently added AUs at Citi's website? I recently had my first two adds and only the first is visible to me online yet I received confirmation that both were successfully added.
The call to Citi went well. It was easy to give the name, SSN, DOB, and address.
There was a slight hickup when I asked that the cards be sent to me, instead of the new AU. The rep put me on hold while he checked if he could do that. When he came back, he said, "no problem". I logged on to Citi's website, and the new AUs were already listed there, all information correct. There was even an note that clarified the cards would be coming to me, not to the new AU.
Early in the call, when the rep was verifying my identity, he asked for the "member since" date on the front of the card, and the CVV number on the back.
Yeah, they're both listed there. My Citi card is a Sears card, if that makes a difference.
I haven't received the payout for the adds I did in February. I thought I read in the tread that all February add payouts were supposed to post the week of March 31st. Anyone else not received payments for February?
Same here. One and only sale was in early February and no pay yet. I emailed them about it last week (before ARS's post) and got a reply that I'd be paid last week. Didn't happen.
Honestly I'm a little.bemused by this whole thing. I sent in the completed paperwork on December 30th and thought I had an attractive card (USAA, over 13 years old, $28K limit.) So far, only one AU while others are posting about multiples. Seems a little.black boxish. Not sneezing at extra $, just mystified about how it's playing out.
I haven't received the payout for the adds I did in February. I thought I read in the tread that all February add payouts were supposed to post the week of March 31st. Anyone else not received payments for February?
Same here. One and only sale was in early February and no pay yet. I emailed them about it last week (before ARS's post) and got a reply that I'd be paid last week. Didn't happen.
Honestly I'm a little.bemused by this whole thing. I sent in the completed paperwork on December 30th and thought I had an attractive card (USAA, over 13 years old, $28K limit.) So far, only one AU while others are posting about multiples. Seems a little.black boxish. Not sneezing at extra $, just mystified about how it's playing out.
Honestly I'm a little.bemused by this whole thing. I sent in the completed paperwork on December 30th and thought I had an attractive card (USAA, over 13 years old, $28K limit.) So far, only one AU while others are posting about multiples. Seems a little black boxish. Not sneezing at extra $, just mystified about how it's playing out.That card (ie. the card's slots) will cost more to the customers - and will only be 'worth it' to the customers that really need that much of a boost to their credit. I'm deducing the potential customers don't have all kinds of spare cash or credit.
Data point FYI:
On March 24, 2017, someone attempted to open a Discover it card application using my name and/or SSN. It wasn't me.
Discover flagged it as suspected fraud, sent me a letter, I called just now and confirmed that it was fraud. They recommended that I file a notice with the credit bureaus that I am an identity theft victim. I will do so.
I appreciate that Discover caught this and will say that they were very good in handling my call and answering my concerns.
This is the first time this has happened to me. However, we all know identity theft is rampant, and I really haven't done much to prevent it or avoid it, so this may or may not be related to piggybacking activity. In fact, I would be inclined to guess that it isn't related and plan to continue my piggybacking activities.
I can jump through hoops if I want to in order to find out more about the application that was submitted. But since it's extra effort and I doubt it would help me determine whether or not it was related to piggybacking, at this point I have decided not to do those extra steps.
Data point FYI:
On March 24, 2017, someone attempted to open a Discover it card application using my name and/or SSN. It wasn't me.
Discover flagged it as suspected fraud, sent me a letter, I called just now and confirmed that it was fraud. They recommended that I file a notice with the credit bureaus that I am an identity theft victim. I will do so.
I appreciate that Discover caught this and will say that they were very good in handling my call and answering my concerns.
This is the first time this has happened to me. However, we all know identity theft is rampant, and I really haven't done much to prevent it or avoid it, so this may or may not be related to piggybacking activity. In fact, I would be inclined to guess that it isn't related and plan to continue my piggybacking activities.
I can jump through hoops if I want to in order to find out more about the application that was submitted. But since it's extra effort and I doubt it would help me determine whether or not it was related to piggybacking, at this point I have decided not to do those extra steps.
When you signed up with a tradeline company, did you use your actual SSN?
So the added users does get your address? Does anyone have concerns about that? Also I added a $40000+ card. I sent an email for the payout. Is it negotiable?
So the added users does get your address? Does anyone have concerns about that?What makes you think the purchaser gets your address? They don't get any of your info.
So the added users does get your address? Does anyone have concerns about that?What makes you think the purchaser gets your address? They don't get any of your info.
So the added users does get your address? Does anyone have concerns about that?What makes you think the purchaser gets your address? They don't get any of your info.
I would guess your address posts on their credit report with the card.
So the added users does get your address? Does anyone have concerns about that?What makes you think the purchaser gets your address? They don't get any of your info.
I would guess your address posts on their credit report with the card.
I co-signed my son's auto loan. His loan shows up on my credit report, but his address doesn't.
Also, because this is a good account, my credit score has gone up a little.
But wondering if others have noticed this? The other card I sell regularly on (Discover) asks for SSN online and I've never had a Discover sale fall through.
So the added users does get your address? Does anyone have concerns about that? Also I added a $40000+ card. I sent an email for the payout. Is it negotiable?
Yep! Easy enough. Asked to verify who I was and then just asked to verify that I had added the AUs.
Quick update. I sent a secure message to confirm my second AU was added properly and after I provided all of their information, including SSN, Citi notified me the add was successful and sure enough both AUs are listed online.
You get paid about 2 months after the adds. So, I'd only expect the payment to happen around now.
Yep, with both old company and new company. I give my SSN freely to banks, doctors, etc.; just not to the nice people who call from Microsoft and the IRS ;-). See the bolded part above. I really do little to nothing to prevent identity theft, so perhaps this is my comeuppance.
I would guess your address posts on their credit report with the card.
I was feeling left out, but I just got my first add today! Thanks ARS!
But wondering if others have noticed this? The other card I sell regularly on (Discover) asks for SSN online and I've never had a Discover sale fall through.
I finally got an add on Discover, but the web site won't take the address line, even though it seems to be valid. Hoping they know what the problem is, but just curious to see if anyone else has hit this issue.
But wondering if others have noticed this? The other card I sell regularly on (Discover) asks for SSN online and I've never had a Discover sale fall through.
I finally got an add on Discover, but the web site won't take the address line, even though it seems to be valid. Hoping they know what the problem is, but just curious to see if anyone else has hit this issue.
Data point:
I logged into my Capital One account and noticed it was restricted. I called to see what was going on, and they are requesting documentation for my AUs. They need copies of their drivers licenses or state ID, front and back. I emailed the guy from the TL company, hoping he can help a fella out. Anyone else have this experience? Am I about to get this account shut down?
Data point:
I logged into my Capital One account and noticed it was restricted. I called to see what was going on, and they are requesting documentation for my AUs. They need copies of their drivers licenses or state ID, front and back. I emailed the guy from the TL company, hoping he can help a fella out. Anyone else have this experience? Am I about to get this account shut down?
Using the new TL company. Just heard back from them and they said that it's getting shut down. In the ten years they've been doing this, even when all documentation has been provided, every account has been shut down. Kinda sucks, but knew that was a risk when I started this. Luckily I have quite a few more cards! Cap One owners be warned though, looks like they are cracking down!
Three. I had two on there still from January and they just sent me an add for the last one a couple weeks ago.
But wondering if others have noticed this? The other card I sell regularly on (Discover) asks for SSN online and I've never had a Discover sale fall through.
I finally got an add on Discover, but the web site won't take the address line, even though it seems to be valid. Hoping they know what the problem is, but just curious to see if anyone else has hit this issue.
Probably too late to help, secondcor521, but let us know what you ended up doing. :)I'll call in tomorrow or Monday and try to add the last AU. If that doesn't work I'll email the new company and have them move the sale to a different card.
Three. I had two on there still from January and they just sent me an add for the last one a couple weeks ago.
Signed up at the New Year with the new company,via email then updated on new web portal. All cards are around 20 years old, limits over 20k, credit score a hair under 800. Still no adds. :(
My wife however, has 2 AU's on her Capital one, today while she was at work we got a call on house phone from someone looking for " Mr John Doe ( he used his real name) who is her most recent add. I said that was my wife's business, but that John Doe could not be reached at this number. The guy was cordial and didn't want to say what this was about when I asked him. The caller ID said "Portfolio Recovery".
Anyone had this experience?
Signed up at the New Year with the new company,via email then updated on new web portal. All cards are around 20 years old, limits over 20k, credit score a hair under 800. Still no adds. :(
My wife however, has 2 AU's on her Capital one, today while she was at work we got a call on house phone from someone looking for " Mr John Doe ( he used his real name) who is her most recent add. I said that was my wife's business, but that John Doe could not be reached at this number. The guy was cordial and didn't want to say what this was about when I asked him. The caller ID said "Portfolio Recovery".
Anyone had this experience?
I have a question about procedure. I do have a cap one card that I plan to add. Is there a way to put a card on hold on the website? Or would I need to call in for that. My thoughts are that I'd get one AU and then ask that no further AUs be added for a while. Make purchases under the AU's card for maybe 6 months. Drop that AU and then open the card back up. Sounds ultra conservative, but I would think that it would make things far less likely to look suspicious.
I have a question about procedure. I do have a cap one card that I plan to add. Is there a way to put a card on hold on the website? Or would I need to call in for that. My thoughts are that I'd get one AU and then ask that no further AUs be added for a while. Make purchases under the AU's card for maybe 6 months. Drop that AU and then open the card back up. Sounds ultra conservative, but I would think that it would make things far less likely to look suspicious.
Why would you make purchases under the AU's card? In addition, how are you going to show an ID to the cashier with this other person's name on it?
Why would you make purchases under the AU's card? In addition, how are you going to show an ID to the cashier with this other person's name on it?
I can't remember the last time I've been asked for ID when paying with a card. It has been years.
Why would you make purchases under the AU's card? In addition, how are you going to show an ID to the cashier with this other person's name on it?
I can't remember the last time I've been asked for ID when paying with a card. It has been years.
Especially not in the self checkout lane!
I have a question about procedure. I do have a cap one card that I plan to add. Is there a way to put a card on hold on the website? Or would I need to call in for that. My thoughts are that I'd get one AU and then ask that no further AUs be added for a while. Make purchases under the AU's card for maybe 6 months. Drop that AU and then open the card back up. Sounds ultra conservative, but I would think that it would make things far less likely to look suspicious.
Why would you make purchases under the AU's card? In addition, how are you going to show an ID to the cashier with this other person's name on it?
I've been selling tradelines for over a year now. Originally I was working with the brokers you guys use, but several months ago branched out on my own because I think it''s ridiculous how little commission they pay versus what they charge their customers.
Regarding Cap1 I too have had my account restricted a couple weeks ago. They are asking for for SS and ID's (and proof of residency for myself) of all AU's currently on the card. Will report back after I provide this and let you know if I get shut down. Really hoping not to, it's my oldest card at over 10 years old with a 11k limit.
I've been selling tradelines for over a year now. Originally I was working with the brokers you guys use, but several months ago branched out on my own because I think it''s ridiculous how little commission they pay versus what they charge their customers.
Regarding Cap1 I too have had my account restricted a couple weeks ago. They are asking for for SS and ID's (and proof of residency for myself) of all AU's currently on the card. Will report back after I provide this and let you know if I get shut down. Really hoping not to, it's my oldest card at over 10 years old with a 11k limit.
Had my first Discover sale today. I didn't have any trouble entering the address on Discover's site.
Data point:
I logged into my Capital One account and noticed it was restricted. I called to see what was going on, and they are requesting documentation for my AUs. They need copies of their drivers licenses or state ID, front and back. I emailed the guy from the TL company, hoping he can help a fella out. Anyone else have this experience? Am I about to get this account shut down?
Wow that's frustrating, it takes years to get a good card that the tradeline companies can use.
I've had this happen twice now. For some reason Discover's website really doesn't like some valid addresses.
I just call, tell them I want to add an Authorized User, and give them all the same info. Took all of 2 minutes.
My wife however, has 2 AU's on her Capital one, today while she was at work we got a call on house phone from someone looking for " Mr John Doe ( he used his real name) who is her most recent add. I said that was my wife's business, but that John Doe could not be reached at this number. The guy was cordial and didn't want to say what this was about when I asked him. The caller ID said "Portfolio Recovery".
Anyone had this experience?
I still have an AU on my Capital One that I added in January. I noticed Cap One has redesigned their statement. It now shows the AU's name, last four digits of their card and any purchases- so it shows no purchases made by my AU. I wonder if no purchases made by AU will be a red flag. I was keeping the AU on until I am instructed to remove him. I read it looks less suspicious to keep the AU on if you can. I wonder if I should be making some purchases with AU card as someone else has suggested.
Signed up at the New Year with the new company,via email then updated on new web portal. All cards are around 20 years old, limits over 20k, credit score a hair under 800. Still no adds. :(
My wife however, has 2 AU's on her Capital one, today while she was at work we got a call on house phone from someone looking for " Mr John Doe ( he used his real name) who is her most recent add. I said that was my wife's business, but that John Doe could not be reached at this number. The guy was cordial and didn't want to say what this was about when I asked him. The caller ID said "Portfolio Recovery".
Anyone had this experience?
Yikes.
You know, for $400 a tradeline, the risk of getting interfangulated with AU credit reports was kinda worth it. For $225? I dunno. I think I'm going to put it on hold for a while.
Of course I go through this cycle often. I find some reason to pause for a while, then the two months are up on old AUs, 2 new spots come in, and it's really hard to turn down the $450 (2x$225) for 5 minutes of work. So we'll see when May 29 rolls around.
Yep I still firmly believe they are so inundated with cards that they can't possibly give adds to everyone on a consistent basis. I got a couple adds immediately at the beginning of January and one in February and haven't heard a single peep out of the company since. The ones in January are still on there as I can't get a response if it's ok to remove them. I had to contact them to urge payment for January and I've received no payment for February. It was nice getting a little bit of money but I don't have a warm fuzzy anymore.
I have a question about procedure. I do have a cap one card that I plan to add. Is there a way to put a card on hold on the website? Or would I need to call in for that. My thoughts are that I'd get one AU and then ask that no further AUs be added for a while. Make purchases under the AU's card for maybe 6 months. Drop that AU and then open the card back up. Sounds ultra conservative, but I would think that it would make things far less likely to look suspicious.
It's too bad there isn't some kind of automated software or website that simply will connect those that wish to purchase a tradeline to those that want to sell one. It would be somehow automated with its own wiki, and online forum.
How do you know if the authorized user posted correctly? Is it when you receive payment? Or is there some type of confirmation that you will be made aware of before being paid?
Heard from the owner about the late payments.
Good news: Most of the Feb payments either had already been paid, or went out last week. Can anyone confirm they received Feb payments already?
There are a handful still pending, but they should go out tonight and tomorrow.
If you are not paid by end of day Thursday the 6th for a February add, PM me with the email address you signed up with, and I will make sure the payment is made ASAP.
The future will be easier, with the portal up, it will become automated (not sure about this first month, but within a few months), rather than manual.
How do you know if the authorized user posted correctly? Is it when you receive payment? Or is there some type of confirmation that you will be made aware of before being paid?I log in on the website for the card - the card issuers website.
Does the fact that there is "Posted" date in the portal mean that the account posted correctly and I will be paid?Things on the TL Co's web-portal can't be taken literally. Without knowing where you're seeing that, I can't even guess what it means.
I log in on the website for the card - the card issuers website.
QuoteI log in on the website for the card - the card issuers website.
That doesn't mean it posted correctly.
Opps, I forgot a step. Log into the card issuers website and then... check the card. The AU will be in there (somewhere) if it was 'posted correctly' to the card.QuoteI log in on the website for the card - the card issuers website.
That doesn't mean it posted correctly.
Exactly. Is there any confirmation from the company that the authorized user posted correctly? Other than the payment (that may be weeks late)?
Opps, I forgot a step. Log into the card issuers website and then... check the card. The AU will be in there (somewhere) if it was 'posted correctly' to the card.QuoteI log in on the website for the card - the card issuers website.
That doesn't mean it posted correctly.
Exactly. Is there any confirmation from the company that the authorized user posted correctly? Other than the payment (that may be weeks late)?
You aren't understanding what I'm asking. Just because your credit card adds the authorized user does not necessarily mean the card will post to the authorized user's credit report. If it does not post to the authorized user's credit report, you will not get paid.
@sw1tch, I like your idea of being more careful. Everyone should participate or not to the level of their own comfort.
I would say, though, that if the CC companies want to catch piggybackers, I think they'd just query on those of us who have lots of adds and removes of AUs. I would imagine that the typical non-piggybacking customer would maybe add no more than one or two AUs, they'd probably be their own kids, and they'd probably leave them on for years at a time. Piggybackers are going to be adding and removing maybe five or ten AUs within a year. If they're trying to catch us, I doubt they would look at usage at all.
If you want to be conservative, I would suggest instead limiting the number of adds you do per card per year. Ironically, one way to be "safer" in this respect would be to have lots of cards enrolled with the TL company, because the same number of sales spread over more cards means less activity per card. If I get 40 AU sales this year and they're all on one card, that card is going to get noticed. 40 AU sales over 20 cards and I maybe skate by.
@sw1tch, I like your idea of being more careful. Everyone should participate or not to the level of their own comfort.
I would say, though, that if the CC companies want to catch piggybackers, I think they'd just query on those of us who have lots of adds and removes of AUs. I would imagine that the typical non-piggybacking customer would maybe add no more than one or two AUs, they'd probably be their own kids, and they'd probably leave them on for years at a time. Piggybackers are going to be adding and removing maybe five or ten AUs within a year. If they're trying to catch us, I doubt they would look at usage at all.
If you want to be conservative, I would suggest instead limiting the number of adds you do per card per year. Ironically, one way to be "safer" in this respect would be to have lots of cards enrolled with the TL company, because the same number of sales spread over more cards means less activity per card. If I get 40 AU sales this year and they're all on one card, that card is going to get noticed. 40 AU sales over 20 cards and I maybe skate by.
Heard from the owner about the late payments.
Good news: Most of the Feb payments either had already been paid, or went out last week. Can anyone confirm they received Feb payments already?
There are a handful still pending, but they should go out tonight and tomorrow.
If you are not paid by end of day Thursday the 6th for a February add, PM me with the email address you signed up with, and I will make sure the payment is made ASAP.
The future will be easier, with the portal up, it will become automated (not sure about this first month, but within a few months), rather than manual.
I am working through 4 adds for Citibank today, and I am wondering if anyone else is having the same issue I am... the first line reps are not able to add AU for me, and are having to send me to the fraud department, who happily completes the add for me - seems maybe my account is red flagged, but maybe it's a new policy across the board?
Yeah, this was a popular card, too - $12k limit opened in 2004... :(
Yeah, this was a popular card, too - $12k limit opened in 2004... :(
What kind of usage have you been putting on the card? I have maintained some low usage on all my cards every month since December.
What kind of usage have you been putting on the card? I have maintained some low usage on all my cards every month since December.I put a couple gallons of gas in my car or motorcycle. Or $5-$15 dollars of grocery items (I track prices at diff. stores so I'm regularly going to multiple stores for a few things at a time). Some people buy Amazon gift cards - online so they don't have to leave the house. If I had to buy 'something' ASAP, I'd renew my cellphone account.
Presumably these customers have a time sensitive issue and need the account to show up ASAP and wouldn't want to wait another month right?
As far as I can tell, they don't give you a hard deadline to add the AU. When I got the notification on 4/3 it said not to add until 4/3 but didn't give me a date after which I should just give up. Presumably these customers have a time sensitive issue and need the account to show up ASAP and wouldn't want to wait another month right?
As far as I can tell, they don't give you a hard deadline to add the AU. When I got the notification on 4/3 it said not to add until 4/3 but didn't give me a date after which I should just give up. Presumably these customers have a time sensitive issue and need the account to show up ASAP and wouldn't want to wait another month right?
I am not sure why customers buy these services, but I can't imagine any case where a customer would pay the company and then be OK with waiting a month for their credit to be boosted vs. having it boosted within about a week.
They have always given me a deadline to add the AU. The pattern has always been that they send the email a day or two before my statement due date and strongly request me to add the AU by the statement due date. But from conversations I have had with them, the actual deadline is the statement close date (which is usually 3-6 days after statement due date) - the TL company uses the statement due date to allow for some buffer.
So on your card that you got this sale on, you probably have a statement due date of like 4/5 and a statement close date of between 4/8 and 4/11, and I would personally try to add them by 4/5. Sometimes I have, after discussion with the TL company, added the AU after the due date and before the close date and everything worked out fine. But I always discuss the situation with the TL company if I can't meet their requested add date.
They have always given me a deadline to add the AU. The pattern has always been that they send the email a day or two before my statement due date and strongly request me to add the AU by the statement due date. But from conversations I have had with them, the actual deadline is the statement close date (which is usually 3-6 days after statement due date) - the TL company uses the statement due date to allow for some buffer.
So on your card that you got this sale on, you probably have a statement due date of like 4/5 and a statement close date of between 4/8 and 4/11, and I would personally try to add them by 4/5. Sometimes I have, after discussion with the TL company, added the AU after the due date and before the close date and everything worked out fine. But I always discuss the situation with the TL company if I can't meet their requested add date.
In this case, they sent me the request on the day of closing, and asked that I add that day or three days prior. Since they didn't include the correct address, I couldn't do it. Two days later, when they replied to my query, they didn't say "it's too late" so I completed the add. Hope it works out. Yes it was still before the closing date.
But now looking at the dashboard it says that the order was received two weeks earlier. I guess it took them a couple weeks to do the data entry (incorrectly). Gotta say I'm not super impressed so far, but if I end up getting paid I guess money is money.
Do you guys put charges on cards that have no AUs yet? I've got 4 in, one with an AU but no charges on the other 3 for a while. Wondering if these need charges to keep them visible? The one I got an AU for had been used for regular charges for me.
Got a couple of adds in the last 2 days. Time to see how this all works.
Got a couple of adds in the last 2 days. Time to see how this all works.
Me too. I've got 2 cards with 2 spots each, filled one last month and just got 3 adds yesterday for the remaining spots. I'll be ecstatic if I end up seeing cash for all of them.
Has anyone added their payment info through the portal? I did not provide that initially and am wondering if I should just add it myself. I would put in a ticket but that ticket takes quite a while to get an answer :)
Do you guys put charges on cards that have no AUs yet
No. Although you should periodically so that the issuer doesn't close it on you.
Just as a general rule, you should charge your card at least once every year or two, to prevent the bank from automatically closing it for inactivity. Keeps your AAoA up and, obviously, is important for tradelines.
What does it mean when a card is "resting"?
What does it mean when a card is "resting"?
I had a recent add for which the CSR didn't ask for the SSN. I volunteered it and said, as the new company suggests, "Please add the AU's SSN for security purposes." The CSR asked me what I meant for clarification, and since I didn't expect it, didn't know what to say.
Do any of you have suggestions of what I might say in this situation?
I'd have thought the same but one of my adds failed and the company doesn't know why as they said everything was done right. They simply said sometimes it fails for no reason. Odd it happened on my very first adds.Got a couple of adds in the last 2 days. Time to see how this all works.
Me too. I've got 2 cards with 2 spots each, filled one last month and just got 3 adds yesterday for the remaining spots. I'll be ecstatic if I end up seeing cash for all of them.
Well, I have been paid for the first 2 adds. $125/each for two separate adds to my Barclays card. I've got 4 more in the pipeline at $150/each for my Discover card.
So far so good. I'd be very surprised if you weren't paid. Very straight forward!
I had a recent add for which the CSR didn't ask for the SSN. I volunteered it and said, as the new company suggests, "Please add the AU's SSN for security purposes." The CSR asked me what I meant for clarification, and since I didn't expect it, didn't know what to say.
Do any of you have suggestions of what I might say in this situation?
I would say that for the AU's protection, you want the SSN on the account so that nobody other than the AU can call in and make changes to the account. The hypothetical scenario would be that someone calls in claiming to be the AU and wanting to change their address, and the CC company, having the SSN, could use that info to verify the caller's identity before doing so. With just a name and DOB there is less security against someone spoofing the AU's identity.
Another month gone by with no sales :(
Another month gone by with no sales :(
Same. And I had all my info submitted over a week before my January closing date. So, missed January, February, March and April. Admittedly, one of the 3 cards is BoA and "resting" now.
The damn U.S. Post Office refuses to deliver the card to my address. This is the 2nd time my first authorized user's capital one card has been returned to sender instead of delivering it to our address! Capital One identified the returned card the first time, so I'm sure they will again the 2nd time. I'm hoping those returns don't raise red flags and end up getting my capital one closed...
The damn U.S. Post Office refuses to deliver the card to my address. This is the 2nd time my first authorized user's capital one card has been returned to sender instead of delivering it to our address! Capital One identified the returned card the first time, so I'm sure they will again the 2nd time. I'm hoping those returns don't raise red flags and end up getting my capital one closed...
I had mentioned before my Citi Cards getting returned and it was thought that no harm would come from it. Well, Citi sent the cards again and they got returned the second time. I didn't think much about it. Then yesterday I realized that my card was being rejected when I tried to use it. So I checked my account and saw that the credit limit on the card was reduced to zero. Called Citi and was told that Citi has suspended the card because they received returned mail twice as a security measure. Once I verified the address etc. they lifted the suspension and told me that they will mail the cards again. They told me that they could not send the cards in an envelope with my name on it and that I should talk to the post-office to ensure delivery. Goes without saying, that the fraud department must have been notified.
The damn U.S. Post Office refuses to deliver the card to my address. This is the 2nd time my first authorized user's capital one card has been returned to sender instead of delivering it to our address! Capital One identified the returned card the first time, so I'm sure they will again the 2nd time. I'm hoping those returns don't raise red flags and end up getting my capital one closed...
I had mentioned before my Citi Cards getting returned and it was thought that no harm would come from it. Well, Citi sent the cards again and they got returned the second time. I didn't think much about it. Then yesterday I realized that my card was being rejected when I tried to use it. So I checked my account and saw that the credit limit on the card was reduced to zero. Called Citi and was told that Citi has suspended the card because they received returned mail twice as a security measure. Once I verified the address etc. they lifted the suspension and told me that they will mail the cards again. They told me that they could not send the cards in an envelope with my name on it and that I should talk to the post-office to ensure delivery. Goes without saying, that the fraud department must have been notified.
I find this odd. I KEEP getting offers from Cap One for someone who doesn't live here (we've lived here 24 years). Just today I got an AU card delivered from Discover. The envelope had my DH's name on it.
I keep watching this thread although we're not actually selling tradelines (yet) - I added his cousin trying to get her credit score up to buy DH's family home.
I signed up in late December with 3 cards but have yet to receive a sale. Hoping it picks up next month but it has been a complete disappointment so far.
Another month gone by with no sales :(
Same. And I had all my info submitted over a week before my January closing date. So, missed January, February, March and April. Admittedly, one of the 3 cards is BoA and "resting" now.
Same here - I'm actually thinking about removing my cards from this service. I might try the "old" company and see how they do with a card or two. The opportunity cost of just letting these cards sit in this companies queue is just too high.
The damn U.S. Post Office refuses to deliver the card to my address. This is the 2nd time my first authorized user's capital one card has been returned to sender instead of delivering it to our address! Capital One identified the returned card the first time, so I'm sure they will again the 2nd time. I'm hoping those returns don't raise red flags and end up getting my capital one closed...
I had mentioned before my Citi Cards getting returned and it was thought that no harm would come from it. Well, Citi sent the cards again and they got returned the second time. I didn't think much about it. Then yesterday I realized that my card was being rejected when I tried to use it. So I checked my account and saw that the credit limit on the card was reduced to zero. Called Citi and was told that Citi has suspended the card because they received returned mail twice as a security measure. Once I verified the address etc. they lifted the suspension and told me that they will mail the cards again. They told me that they could not send the cards in an envelope with my name on it and that I should talk to the post-office to ensure delivery. Goes without saying, that the fraud department must have been notified.
I find this odd. I KEEP getting offers from Cap One for someone who doesn't live here (we've lived here 24 years). Just today I got an AU card delivered from Discover. The envelope had my DH's name on it.
I keep watching this thread although we're not actually selling tradelines (yet) - I added his cousin trying to get her credit score up to buy DH's family home.
Totally depends on your mail delivery person. Put a note in the box to expect mail for various friends who are travelling and will come pick it up.
The damn U.S. Post Office refuses to deliver the card to my address. This is the 2nd time my first authorized user's capital one card has been returned to sender instead of delivering it to our address! Capital One identified the returned card the first time, so I'm sure they will again the 2nd time. I'm hoping those returns don't raise red flags and end up getting my capital one closed...
I had mentioned before my Citi Cards getting returned and it was thought that no harm would come from it. Well, Citi sent the cards again and they got returned the second time. I didn't think much about it. Then yesterday I realized that my card was being rejected when I tried to use it. So I checked my account and saw that the credit limit on the card was reduced to zero. Called Citi and was told that Citi has suspended the card because they received returned mail twice as a security measure. Once I verified the address etc. they lifted the suspension and told me that they will mail the cards again. They told me that they could not send the cards in an envelope with my name on it and that I should talk to the post-office to ensure delivery. Goes without saying, that the fraud department must have been notified.
Another month gone by with no sales :(
Same. And I had all my info submitted over a week before my January closing date. So, missed January, February, March and April. Admittedly, one of the 3 cards is BoA and "resting" now.
Same here - I'm actually thinking about removing my cards from this service. I might try the "old" company and see how they do with a card or two. The opportunity cost of just letting these cards sit in this companies queue is just too high.
Lol!! Yeah, Half a dozen friends who change very other month and most with foreign sounding names. Sure way to have ICE breaking down my door at night. The Postal Service is a federal agency and I assume even the mailman gets some training on spotting signs of mail fraud.Easy solution - stop selling your tradelines. If you're really worried about ICE breaking down your door, small price to pay.
Wtf kind of nosy mail carriers do you guys have? "Ms chanandler bong" regularly recieves the TV guide at my house
Hi first post for me. Sorry if this question has been asked/answered before.You/they do not have to activate or use the AU card. You are correct that your activity suffices.
I haven't sold any tradelines yet but I added a relative to help their credit score and to see how this works.
Do you have to activate the card of the AU? and/or use it? I noticed the card i received has the same account number as my card, so i would think my activity would suffice.
Thanks
Need advice. I am with the old company, and have not had a bunch of AU's, but a couple. I got a new BofA card recently for the points, and BofA reduced my credit line on one of the cards I had registered with the company. I just ignored it because I was getting so few requests, but today they requested 2 spots on the Old card. I called BofA and got them to increase my limit to 15k, but that's as far as they would go (I think if I cancelled the new card they would go higher.). But then, I don't want to cancel the new card, because the points are worth more than the $ I would get from the AU's.
But I am afraid they will take me out of the program...
My options
1- cancel the new card, lose my points, get BofA to add to the credit limit of the old card
2- notify the company, possibly lose the ability to use that company again, move to the new company
3- add them to the card, which has a credit limit of $15k instead of $20k and hope no one notices.
If anyone wants some other data-points, wife and I have had 5 cards active on the "old recommendation" since about August, and have had four tradeline sales in that time for roughly $1000 in revenue. Not bad for some clicking around. I had a quick sale on Chase (which was removed after some changes) and no bites since then, wife has had a few more sales on her cards (higher limits and longer credit histories).
although it has already posted... I am supposed to leave the AU on it for 3 more weeks. Hmm. Wonder if that would work...
Need advice. I am with the old company, and have not had a bunch of AU's, but a couple. I got a new BofA card recently for the points, and BofA reduced my credit line on one of the cards I had registered with the company. I just ignored it because I was getting so few requests, but today they requested 2 spots on the Old card. I called BofA and got them to increase my limit to 15k, but that's as far as they would go (I think if I cancelled the new card they would go higher.). But then, I don't want to cancel the new card, because the points are worth more than the $ I would get from the AU's.
But I am afraid they will take me out of the program...
My options
1- cancel the new card, lose my points, get BofA to add to the credit limit of the old card
2- notify the company, possibly lose the ability to use that company again, move to the new company
3- add them to the card, which has a credit limit of $15k instead of $20k and hope no one notices.
I noticed they misspelled a name on an add from a week ago. Is that something that should be corrected? Address is right, no way to know if they got the SSN right or not.
I just removed an AU today and didn't realize until I went to remove him that they spelled his name incorrectly. I already confirmed with the new company that the add posted correctly so maybe I just got lucky this time. Will be more vigilant next time.
I got a email request today about 4:30 pm to add AU to my PNC card- first AU for that card. I was supposed to add him today and instructions were to call PNC to add, not add online. I ask to put on an AU and got put on hold for a bit. Then I gave the person's name (spelled it out) and was asked if the person lived with me. I said no, he lives in California and that I have his address. Before making the call, I had done some googling of the name and figured it was a male Iranian name. I figured I would have to give his address so why say he lives with me. Then I was put on hold again for a few minutes. Then a different customer representative asked me who the person was and I said it was a friend of my nephew's. They said this was a high risk situation and that I would have to go to a PNC bank branch to add this person. I said the person lives in CA but is staying here with me temporarily. I asked if I would have to take the person with me to PNC branch. They said yes and I told him I would have to find a PNC branch and I was not sure I had time to take off work to do this. I asked why it was a risky situation, given that I am responsible for paying the bill and they said it was because this person lived in California (I live in east coast state). I acted annoyed and said I may try to put him on one of my other credit cards. I never had a chance to give the address, SSN or DOB.
I have emailed the company about this but have not heard anything back.
Wondering what I did wrong. Will report back on what the company says if I hear from them. I am not going to try and call again to add the AU or to add him online. i figured I have been "flagged" now for something.
I got a PNC card in the hope that it would eventually be a good card to get for tradelines. Now I'm frustrated.
Is Barclay the best card to get?
Also, wondering if we could help each other's credit scores by giving each other authorized users for each other, to boost our credit score, so that when we apply for a credit card we get the maximum credit limit possible.
Another vote for Barclays. They do not seem to care about AUs, good card selection and easy online adds.You do have to call with the SSN.
Got my first add with new company since joining on Jan 3rd - yay! (coincidentally got one with old company on the same day as well, on a different card that I have with them). Overall it's been a productive day :). Thank you ARS, we have been enjoying the extra cash in our early FIRE days.
Awesome! :)QuoteNew company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.
Yeah, the phone calls are a pain in the rear. I love the all online ones. But I can confirm that one Mustachian's Citi add from January didn't post because he didn't call to add the SSN, only did it online. It'd be a bummer to lose out on $200 (or whatever) just because of the annoyance of a 5 minute call.
I wonder where arebelspy is? He hasn't been around in a while.
Got my first add with new company since joining on Jan 3rd - yay! (coincidentally got one with old company on the same day as well, on a different card that I have with them). Overall it's been a productive day :). Thank you ARS, we have been enjoying the extra cash in our early FIRE days.
Awesome! :)QuoteNew company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.
Yeah, the phone calls are a pain in the rear. I love the all online ones. But I can confirm that one Mustachian's Citi add from January didn't post because he didn't call to add the SSN, only did it online. It'd be a bummer to lose out on $200 (or whatever) just because of the annoyance of a 5 minute call.
FYI, I always thought that ARS recommends calling in to add the SSN even if it's not required to ensure that it posts correctly (see above post about Citi).
Payment should be sent 4 weeks from your card statement closing. I have them DD and it usually takes a few days from there. If it goes more than a week, I would contact them. If you're getting a paper check mailed to you, you might give it a week and a half before contacting them.
Payment should be sent 4 weeks from your card statement closing. I have them DD and it usually takes a few days from there. If it goes more than a week, I would contact them. If you're getting a paper check mailed to you, you might give it a week and a half before contacting them.
4 weeks after which statement closing?
My first add was March 14, right before closing. I have to keep the AU on until approx. May 14 to fulfill my obligation. When would I expect to be paid?
Payment should be sent 4 weeks from your card statement closing. I have them DD and it usually takes a few days from there. If it goes more than a week, I would contact them. If you're getting a paper check mailed to you, you might give it a week and a half before contacting them.
4 weeks after which statement closing?
My first add was March 14, right before closing. I have to keep the AU on until approx. May 14 to fulfill my obligation. When would I expect to be paid?
I got a email request today about 4:30 pm to add AU to my PNC card- first AU for that card. I was supposed to add him today and instructions were to call PNC to add, not add online. I ask to put on an AU and got put on hold for a bit. Then I gave the person's name (spelled it out) and was asked if the person lived with me. I said no, he lives in California and that I have his address. Before making the call, I had done some googling of the name and figured it was a male Iranian name. I figured I would have to give his address so why say he lives with me. Then I was put on hold again for a few minutes. Then a different customer representative asked me who the person was and I said it was a friend of my nephew's. They said this was a high risk situation and that I would have to go to a PNC bank branch to add this person. I said the person lives in CA but is staying here with me temporarily. I asked if I would have to take the person with me to PNC branch. They said yes and I told him I would have to find a PNC branch and I was not sure I had time to take off work to do this. I asked why it was a risky situation, given that I am responsible for paying the bill and they said it was because this person lived in California (I live in east coast state). I acted annoyed and said I may try to put him on one of my other credit cards. I never had a chance to give the address, SSN or DOB.
I have emailed the company about this but have not heard anything back.
Wow that's a challenge!
Payment should be sent 4 weeks from your card statement closing. I have them DD and it usually takes a few days from there. If it goes more than a week, I would contact them. If you're getting a paper check mailed to you, you might give it a week and a half before contacting them.
4 weeks after which statement closing?
My first add was March 14, right before closing. I have to keep the AU on until approx. May 14 to fulfill my obligation. When would I expect to be paid?
You won't get paid within 4 weeks of the add. Expect it more like 8 weeks or so. That seems to be about average. You added in March so payment "should" be sometime in May.
I got a email request today about 4:30 pm to add AU to my PNC card- first AU for that card. I was supposed to add him today and instructions were to call PNC to add, not add online. I ask to put on an AU and got put on hold for a bit. Then I gave the person's name (spelled it out) and was asked if the person lived with me. I said no, he lives in California and that I have his address. Before making the call, I had done some googling of the name and figured it was a male Iranian name. I figured I would have to give his address so why say he lives with me. Then I was put on hold again for a few minutes. Then a different customer representative asked me who the person was and I said it was a friend of my nephew's. They said this was a high risk situation and that I would have to go to a PNC bank branch to add this person. I said the person lives in CA but is staying here with me temporarily. I asked if I would have to take the person with me to PNC branch. They said yes and I told him I would have to find a PNC branch and I was not sure I had time to take off work to do this. I asked why it was a risky situation, given that I am responsible for paying the bill and they said it was because this person lived in California (I live in east coast state). I acted annoyed and said I may try to put him on one of my other credit cards. I never had a chance to give the address, SSN or DOB.Hang Up, Call Again (HUCA)
I have emailed the company about this but have not heard anything back.
I got a email request today about 4:30 pm to add AU to my PNC card- first AU for that card. I was supposed to add him today and instructions were to call PNC to add, not add online. I ask to put on an AU and got put on hold for a bit. Then I gave the person's name (spelled it out) and was asked if the person lived with me. I said no, he lives in California and that I have his address. Before making the call, I had done some googling of the name and figured it was a male Iranian name. I figured I would have to give his address so why say he lives with me. Then I was put on hold again for a few minutes. Then a different customer representative asked me who the person was and I said it was a friend of my nephew's. They said this was a high risk situation and that I would have to go to a PNC bank branch to add this person. I said the person lives in CA but is staying here with me temporarily. I asked if I would have to take the person with me to PNC branch. They said yes and I told him I would have to find a PNC branch and I was not sure I had time to take off work to do this. I asked why it was a risky situation, given that I am responsible for paying the bill and they said it was because this person lived in California (I live in east coast state). I acted annoyed and said I may try to put him on one of my other credit cards. I never had a chance to give the address, SSN or DOB.
I have emailed the company about this but have not heard anything back.
Wow that's a challenge!
The other thing that went wrong on this PNC call was that I was unable to give an answer to one of the initial security questions about my Mom. A year or so ago, I stopped providing actual family names for security questions for financial accounts and was assigning ficticous names and keeping track of them. i did not have this info handy when I called PNC and I told them so, so they asked me some other questions like DOB and last four of SS and I thought I was all good. But this may have flagged me as a potential fraud problem, which led to further questioning by the 2nd CSR and them scrutinizing the request. It turns out my security info that I have been tracking for PNC did not involve my mother, so they probably have the actual name they were seeking from when I established an account with years ago and I did not have that name written down. Lessons learned, have all the correct security info you need before you make the phone call.
I did hear back from the company and they said they have never experienced that kind of problem with PNC, that PNC is pretty reliable. We discussed trying to add again and telling PNC that the AU lives with me, but then thought maybe the backtracking might be a risk, so I am going to take a pass on this and the company is going to try and get this AU a replacement card. So hopefully this is not a PNC problem that others need to worry about, but me just screwing up on the call.
I have two cards that are old enough / high enough limit for this; a citi and a Bank of America that each have an existing authorized user that I will be keeping on them, so this is exciting but could be so much better if I had several existing cards.
I would like to get 2 or 3 more accounts established and maturing in age for this sort of use down the road, any recommendations on specific cards with no annual fee that have decent sign up bonuses? Preferably statement credit or check rather than specific purpose like airfare tickets. Also I don't really like the idea of manufactured spending so no crazy spending requirements.
: )
So they are taking BoA now?
Anyone I'd any issues with a Capital One GM Card? Both of mine failed last month.That would seem to be a no.
Arebelspy, any insights from the owner of the company?
I received a text today, referencing a past order: "Login to your Custom Documents and upload this credit card for [customer name]!"Today I too received a similar text message and email requesting me to upload a photo of the Citibank AU credit cards...which I do not have because I destroyed them for my two April adds. I provided a screenshot proving both AUs were successfully added (a balance also posted) and asked them to advise me how to proceed. Has anyone else received similar communication? Would it raise a red flag for Citi if I requested additional cards for the AUs to be mailed to me?
I found the "Customer Documents" section of the online portal, but I am not sure what they want - a photo of the credit card?
A broker has notified us that your credit card line has not reported on the customer's report. Sometimes this can happen by no fault of anyone's....however in an effort to be transparent, We want to show proof to our broker that the their customer was in fact added to your credit card as an Authorized User. Please take a picture of the Authorized User's card that you received in the mail and upload it to the customers profile under CUSTOMER DOCUMENTS under OTHER TOOLS on our website. If you need help or do not know how to do this please contact us A.S.A.P. and we will gladly help you with this small task. VERY IMPORTANT. When you take the pic of the users credit card COVER UP THE CREDIT CARD NUMBER COMPLETELY. We do not want to see your card number.
It sounds like the new rule should be get the credit card for the authorized user, and then keep the credit card for the duration of the time you have the authorized user added on your card.
That's been my method, easy way to track the AU is to just keep the card by my computer and shred when removed.It sounds like the new rule should be get the credit card for the authorized user, and then keep the credit card for the duration of the time you have the authorized user added on your card.
New company has always advised me to keep the AU card after I receive it. I only destroy it after removing the AU.
Hi,
We are new to using Elan cards but we are finding that they are not reliable. Your choice we can still send you adds for this card with a minimal rate of posting or discontinue. Let me know.
Has anyone seen a correlation between credit score and the number of adds? Or do you think it's purely an age/credit limit combo?
Just wondering. It seems that US Bank and Discover have been my only cards to get requests, but I've gotten a couple/month so far.
That's been my method, easy way to track the AU is to just keep the card by my computer and shred when removed.It sounds like the new rule should be get the credit card for the authorized user, and then keep the credit card for the duration of the time you have the authorized user added on your card.
New company has always advised me to keep the AU card after I receive it. I only destroy it after removing the AU.
Everyone should have been paid for March's adds today. Should be in the bank in 2-3 business days,but you should have received an email.
EDIT: I spoke too soon on the latter. The owner is going out of town for the weekend, so he wanted to get all payments out, but didn't also have time to send out the confirmation emails on that. If you see your AU is green in the portal, it posted, and you should be paid. If it was a March sale under the old system (not in the portal), you should have been paid as well for that.
So payments are on their way.
If by, say, Tuesday, you have not received it in your bank account, PM me and I can check into it for you! :)
When you say "March's adds" what are the add dates we are talking about? I am thinking this means the AUs name is in the March column on the portal but wanted to confirm.
My main card closes right around the beginning of the month so I had two adds in late March but these would be April adds correct?
When you say "March's adds" what are the add dates we are talking about? I am thinking this means the AUs name is in the March column on the portal but wanted to confirm.
My main card closes right around the beginning of the month so I had two adds in late March but these would be April adds correct?
Under "order history" you should have buttons for the months. Click March. (If you don't have those buttons, set the search range at the top from 3/1 to 3/31).
If an order shows up there, it should have been paid (green if it posted, and then payment should be on the way, red if it didn't post).
Finally got a couple adds after signing up early this year. I know we are to select "yes" when asked if we want credit cards sent when adding AU's but do we actually activate them once received?
Finally got a couple adds after signing up early this year. I know we are to select "yes" when asked if we want credit cards sent when adding AU's but do we actually activate them once received?
I've done about 10 sales now and have not activated any. Don't think it matters.
Anyone else get paid more than they expected for their March adds?
Anyone else get paid more than they expected for their March adds?
I haven't received the $ for my March add.
Folks here may be interested in this - apparently in many areas you can sign up to have the USPS email you images of your incoming (letter sized) mail when it's sorted. The sorting machines take images anyway, they decided to start making the images available to customers.Why would you want that?
https://informeddelivery.usps.com/box/pages/intro/start.action
Maybe your mail carriers are perfect. Mine aren't (especially the Saturday/vacation fill-in guy) - I regularly get mail addressed to random neighbors. I often wonder if they are as good at redelivery as I am.Folks here may be interested in this - apparently in many areas you can sign up to have the USPS email you images of your incoming (letter sized) mail when it's sorted. The sorting machines take images anyway, they decided to start making the images available to customers.Why would you want that?
https://informeddelivery.usps.com/box/pages/intro/start.action
Finally got a couple adds after signing up early this year. I know we are to select "yes" when asked if we want credit cards sent when adding AU's but do we actually activate them once received?
I am curious if anyone else is getting flooded with mail at their homes addressed to the authorized users? Also curious about the type of mail you may have received and if you have any insights into why/how this happens?
Providing a brief update. I received confirmation that I could disregard this notification as you do not need to provide a copy of the of card for the authorized user or a photo of card, YMMV. It appears that in this instance, their programmer inadvertently inputted the incorrect draft of the email that should have gone out to me. Sadly I was informed that my two adds did not post to my credit file for April*. My billing cycle closes today so I'll provide a subsequent update if the AUs post for May, although I was told it is unlikely.I received a text today, referencing a past order: "Login to your Custom Documents and upload this credit card for [customer name]!"Today I too received a similar text message and email requesting me to upload a photo of the Citibank AU credit cards...which I do not have because I destroyed them for my two April adds. I provided a screenshot proving both AUs were successfully added (a balance also posted) and asked them to advise me how to proceed. Has anyone else received similar communication? Would it raise a red flag for Citi if I requested additional cards for the AUs to be mailed to me?
I found the "Customer Documents" section of the online portal, but I am not sure what they want - a photo of the credit card?
This is probably a silly question Joe but hypothetically speaking, your tradeline company is successful and you are inviting/selecting Mustachians to beta their cards, we cannot double dip and use an existing card at more than one tradeline company? I assume this would drastically increase the probability of closure, just want to confirm.Arebelspy why don't you start a tradeline company so that you can put all our good credit lines to use?
Well, this may be finally happening. This post is to gauge interest.
I may be partnering with someone to sell tradelines privately. Met with him in person last week. (Met with owner of the current company, also, incidentally, the next day.)
Have already been selling some lines, just in the past week (and he's been selling some privately for about 10 months). The downside you'd face here versus the currently recommended company (and even the old company) is much less time in the business and experience, i.e. none. We'd be figuring it out as we go. Likely higher risk of card closure. No portal.
The upside is a higher commission schedule and/or more slots sold (rather than taking on dozens or hundreds of cardholders, we'd start with a small handful, sell out all their slots, then add more slowly, as we increase capacity).
I may soon ask if people want to beta their cards with me.
I'd still recommend most people use the currently recommended company. But if you have a card you are okay burning to try for a bit getting high commissions and lots of sales, it may be something you're interested in. (And, obviously, we're following basically the same guidelines in terms of slots per card issuer as the other TL companies, and we'll be verifying AUs, and hoping not to have any cards cancelled, but we would make mistakes, so I wouldn't be surprised if our closure rate is higher.)
FWIW, I don't know why some Mustachian didn't decide to start a tradeline company--this has been on the forums since last July, almost 10 months now, and it took an outsider who found the thread through Googling to start something. Seems like a good way to make a LOT of money, i.e. in the millions. I'm just not interested in doing it all myself due to the work involved. Still surprised some entrepreneur here didn't go for it. I think if you're willing to put in 60-80 hours/week initially, and 30-40 going forward, you can make millions if you can scale it. Then again, maybe most here are close enough to FI not to want to start a whole business. :)
Finally got my first add after being signed up for over 120 days.
Discover is asking that I upload documents proving soc sec number/name/physical address over the next 10 days...anyone else had this?
There seems to be some breakdowns related to the email communications being generated from their system. I've received email notifications regarding AU adds. However, for the March payment that ARS posted about last week, I never received an email confirming payment was on it's way. However, the money arrived in my account yesterday!
Waiting for the reply, but I'm starting to feel like Sol a little bit here.
There seems to be some breakdowns related to the email communications being generated from their system. I've received email notifications regarding AU adds. However, for the March payment that ARS posted about last week, I never received an email confirming payment was on it's way. However, the money arrived in my account yesterday!
Well, no email nor the payment has arrived for me for the March adds. I sent an email to the owner asking for a confirmation that payment was sent but no response yet.
Do I have to email the company to increase the limit on a currently-active card? Just got my Discover increased to $21.9k.
Do I have to email the company to increase the limit on a currently-active card? Just got my Discover increased to $21.9k.
you create a ticket in the portal. That will send them an email.
For any USAA card holders: How do you answer the employment question when calling USAA to add the AU? I say self employed as instructed by the company, and it just opens up a whole bunch of other questions that I really wasn't prepared for... anyone found an easy answer that won't lead to additional questions that we haven't been provided the answer to?
For any USAA card holders: How do you answer the employment question when calling USAA to add the AU? I say self employed as instructed by the company, and it just opens up a whole bunch of other questions that I really wasn't prepared for... anyone found an easy answer that won't lead to additional questions that we haven't been provided the answer to?
I've never received an add request since adding two cards in January. I just logged into the portal to see if I might be missing something, and I noticed that, for past months, it says "unavailable" under "Note to Card Holder." Does anyone know what that means? Does that mean my card was unavailable, or does it mean no one requested an add?
I've never received an add request since adding two cards in January. I just logged into the portal to see if I might be missing something, and I noticed that, for past months, it says "unavailable" under "Note to Card Holder." Does anyone know what that means? Does that mean my card was unavailable, or does it mean no one requested an add?
Once it passes the statement date for that month, it switches from available to unavailable for that month. All past months should either show the name of an AU, or unavailable, if there was no orders. If it's showing available for the future, and the card status is not "resting," you should be good to go.
I've never received an add request since adding two cards in January. I just logged into the portal to see if I might be missing something, and I noticed that, for past months, it says "unavailable" under "Note to Card Holder." Does anyone know what that means? Does that mean my card was unavailable, or does it mean no one requested an add?
Once it passes the statement date for that month, it switches from available to unavailable for that month. All past months should either show the name of an AU, or unavailable, if there was no orders. If it's showing available for the future, and the card status is not "resting," you should be good to go.
Is there an issue with cards showing as "resting?"
I've never received an add request since adding two cards in January. I just logged into the portal to see if I might be missing something, and I noticed that, for past months, it says "unavailable" under "Note to Card Holder." Does anyone know what that means? Does that mean my card was unavailable, or does it mean no one requested an add?
Once it passes the statement date for that month, it switches from available to unavailable for that month. All past months should either show the name of an AU, or unavailable, if there was no orders. If it's showing available for the future, and the card status is not "resting," you should be good to go.
Is there an issue with cards showing as "resting?"
If it's resting, it's not for sale.
Only B of A cards should be resting right now (and they recently moved some of those to active to test, and will be moving more active next week).
If you have a non-B of A card that is resting, that you didn't request to be put on hold, you should contact them to find out why.
I've never received an add request since adding two cards in January. I just logged into the portal to see if I might be missing something, and I noticed that, for past months, it says "unavailable" under "Note to Card Holder." Does anyone know what that means? Does that mean my card was unavailable, or does it mean no one requested an add?
Once it passes the statement date for that month, it switches from available to unavailable for that month. All past months should either show the name of an AU, or unavailable, if there was no orders. If it's showing available for the future, and the card status is not "resting," you should be good to go.
Is there an issue with cards showing as "resting?"
If it's resting, it's not for sale.
Only B of A cards should be resting right now (and they recently moved some of those to active to test, and will be moving more active next week).
If you have a non-B of A card that is resting, that you didn't request to be put on hold, you should contact them to find out why.
Both of my cards show resting. Neither are B of A cards. I sent an email asking why. No response
Adding the AU was easy, even if the html replete with DUPLO pop-up loading bar widgets took me back to 2004.
Finally got my first add today after months of waiting.
I was asked by Barclay rep if the person was a US citizen. ARS, can we assume all the new company's clients are US citizens?
Finally got my first add today after months of waiting.
I was asked by Barclay rep if the person was a US citizen. ARS, can we assume all the new company's clients are US citizens?
Yep!
I received a call from USAA today about the two recent authorized users cards I added. They were flagged for potential fraud. I was specifically asked if these were part of a credit repair business by the representative. Also, as this TL company doesn't include gender information I am at al loss of with these add requests. USAA always asks and I can't tell anything from these names. These first 4 adds I've had haven't been worth the trouble.
Yeah, that sounds super annoying.
I don't have any USAA cards, so I haven't dealt with any of that.
I feel like I'd put up with the hassle for a few hundred bucks, but maybe not. Definitely appreciating the Barclays and Discover adds right now, which are all online for both adds and removals (though Discover does occasionally ask for documents, it seems pretty rare, for me).
This obviously causes a huge loss faith in their background checks.
I was specifically asked if these were part of a credit repair business by the representative.
QuoteI was specifically asked if these were part of a credit repair business by the representative.
Did you lie? If not, how did they react?
This is why USAA isn't worth it to me - I'm sure they could decide to stop insuring me if they feel like it.
QuoteI was specifically asked if these were part of a credit repair business by the representative.
Did you lie? If not, how did they react?
This is why USAA isn't worth it to me - I'm sure they could decide to stop insuring me if they feel like it.
If I thought coming clean would have saved my accounts then I might have but I suspect that would have been an immediate closure of all of my accounts. We'll see what happeens. They told me they'd be turning my accounts back on within 10 minutes but that was 12 hours ago. I definitely don't want to call back. I'll just see what happens.
Yeah, that sounds super annoying.
I don't have any USAA cards, so I haven't dealt with any of that.
I feel like I'd put up with the hassle for a few hundred bucks, but maybe not. Definitely appreciating the Barclays and Discover adds right now, which are all online for both adds and removals (though Discover does occasionally ask for documents, it seems pretty rare, for me).
So the plot gets thicker. Well I though things were good to go, but I was called back by a
higher level fraud supervisor and grilled for an hour. I was told that
both of these people are from eastern bloc countries (doesn't seen
like it from the names) but I had no choice in their authorized user
accounts being closed. It sounds like one of the actually stole an
identity of someone in the military or was actively impersonating a
military member. Both people I added were individually flagged.
This obviously causes a huge loss faith in their background checks.
The names of the folks for my AU adds were difficult to pronounce (definitely not native to the US).
The names of the folks for my AU adds were difficult to pronounce (definitely not native to the US).
This is tangential to the discussion, but a slight pet peeve: You are making a lot of assumptions about whether someone was born in the US or not based on your difficulty in pronouncing their name. There are a lot of implicit cultural and racial assumptions that are slightly problematic in that. (Your guess on their place of birth may or may not be right, but it's worth questioning the assumptions and what they imply)
Also don't forget, if they had a Cherokee name, you might have trouble pronouncing it, depending on your familiarity, but it would be a stretch and maybe slightly insulting to say they are't native to the US :)
Not to detour the conversation
I have found an easy way to avoid the potential mispronunciation is to say "it would probably be best if I just spelled it for you." When I have done this and spelled it out, they haven't asked for me to say the name. I do still try to research how to pronounce it and I have it spelled out phonetically in my notes in case they do.
I have found an easy way to avoid the potential mispronunciation is to say "it would probably be best if I just spelled it for you." When I have done this and spelled it out, they haven't asked for me to say the name. I do still try to research how to pronounce it and I have it spelled out phonetically in my notes in case they do.
man you guys are putting alot of work into this i just call in and spell it and i'm done with it.
I've got one AU that I added to my card on 4/11/17, posted 4/16/17 but it says it is not confirmed yet. Is this normal or can I expect a failure on this one?
I think we've had too many bank employees visit this thread. Maybe ars single handedly destroyed the AU industry by bringing it to much publicity? Is every bank now going to crack down on this process?
Why would they need to hear from the client... actually...I've got one AU that I added to my card on 4/11/17, posted 4/16/17 but it says it is not confirmed yet. Is this normal or can I expect a failure on this one?I'm sure they're just waiting to hear from the client that it posted.
I think we've had too many bank employees visit this thread. Maybe ars single handedly destroyed the AU industry by bringing it to much publicity? Is every bank now going to crack down on this process?
Good point. I did have the thought that the possible tradeline company forum should be moved to journals to block it from google, etc. Maybe this one too..
Since February, I have added 4 authorized users onto my US Bank Mastercard. This past weekend, my card was denied at the store when I tried to make a small purchase. Then again, the next day, it was denied. Hmmmm...
So, just 30 minutes ago, I called the number on the back of the card. Instead of the generalized prompts and such, after entering my card number I was immediately transferred to a live customer service rep, and several questions were fired off instantly. "Can you tell me your name and address please?" No problem. "Last 4 of your SSN?" Yep. "Your date of birth please?" Sure. Then, "What can I assist you with today sir?
I told her that my card had been denied recently at the store. She said, "let me look into that". Then, "Do you have any other users on your account?" Yes, I do. "How many?"
This is where I faltered. I could only remember the first two individuals that I had added. I work from home, and I had my computer in front of me, and was FAST at the keys. The first two AU's were added before the web portal, and I had to search my email for the request I had received to add them. I found it (not very fast, and had to make b.s chit-chat), and then told her I had added two, and then gave her the names of the users.
She says, "Is that all? Do you only have those two?" At which point I'm like, "Yea. For sure." and she says, "Mr. Smith, you'll have to go down to your local US bank location, with your drivers license etc, and provide all of the information in person. The data you've given me doesn't QUITE match up to our records."
At this point I realized I have two more recently added, and I have 4 total A/U's on the card.
So, thats where I'm at now. I'm about to go down to the US Bank near my house, and get this sorted out. I'm the fastest talking guy in the city when I have all the information in my head, but allowed them to get the best of me when I called, unprepared to answer the questions that I should have foreseen would be asked.
I'll keep you guys posted.
The service rep then moved directly onto following questions and asked if I had any other users on my card. I told her I did. She asked for the names. I was caught off guard, and didn't have the names of all of the authorized users at hand immediately.
I was told I'll need to go into a US Bank location and provide all information, for all of the authorized users on my account, in order to lift the hold on my account.
I am pretty darn sure the limit on authorized users for US Bank cards is 2.
That means you have to remove 2 before adding 2.
If you have more than 2 AUs, you will be flagged.
That may very well be. However, I haven't been instructed to remove the two initial AU's I added 2/26 and 2/27. Am I to wait for instruction to remove the AUs, or simply wait 90 days?
The portal needs an AU removal date, and it should auto send an email when they can be removed (perhaps with a reminder that it's better to leave them on, for less activity, until they have a new sale).
See this post and the following two why:
https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1547779/#msg1547779
Further, a good feature would be not letting someone add the next AU until they've gone in and confirmed they've removed the previous ones. E.g. it should pop up an alert if the new AU will put them over the limit telling them that, and listing the name(s) ready to be removed, so someone doesn't accidentally go over and trigger red flags.
I'm the king of uncomfortable situations
I'm the king of uncomfortable situations
Is this a learned skill, or something you've always had a knack for. I'm asking because I wish uncomfortable situations didn't make me so...uncomfortable.
I am pretty darn sure the limit on authorized users for US Bank cards is 2.
That means you have to remove 2 before adding 2.
If you have more than 2 AUs, you will be flagged.
That may very well be. However, I haven't been instructed to remove the two initial AU's I added 2/26 and 2/27. Am I to wait for instruction to remove the AUs, or simply wait 90 days?
I am pretty darn sure the limit on authorized users for US Bank cards is 2.
That means you have to remove 2 before adding 2.
If you have more than 2 AUs, you will be flagged.
That may very well be. However, I haven't been instructed to remove the two initial AU's I added 2/26 and 2/27. Am I to wait for instruction to remove the AUs, or simply wait 90 days?
Contact the company.
On my cards, I'm darn sure not adding more AUs over the expected limit without removing the prior ones.
I am pretty darn sure the limit on authorized users for US Bank cards is 2.
That means you have to remove 2 before adding 2.
If you have more than 2 AUs, you will be flagged.
That may very well be. However, I haven't been instructed to remove the two initial AU's I added 2/26 and 2/27. Am I to wait for instruction to remove the AUs, or simply wait 90 days?
Contact the company.
On my cards, I'm darn sure not adding more AUs over the expected limit without removing the prior ones.
I have. As I've already added a couple extra AUs more than I should have, I'm in a precarious situation. As it stands, my account has been flagged, so I have to go to the bank and discuss it with them. Now, if I go ahead and remove two of the AUs immediately, it might gain more attention. So, I've requested that the company put my US Bank card on hold for a couple months, and I'll remove the AU's slowly.
I am pretty darn sure the limit on authorized users for US Bank cards is 2.
That means you have to remove 2 before adding 2.
If you have more than 2 AUs, you will be flagged.
That may very well be. However, I haven't been instructed to remove the two initial AU's I added 2/26 and 2/27. Am I to wait for instruction to remove the AUs, or simply wait 90 days?
Contact the company.
On my cards, I'm darn sure not adding more AUs over the expected limit without removing the prior ones.
I have. As I've already added a couple extra AUs more than I should have, I'm in a precarious situation. As it stands, my account has been flagged, so I have to go to the bank and discuss it with them. Now, if I go ahead and remove two of the AUs immediately, it might gain more attention. So, I've requested that the company put my US Bank card on hold for a couple months, and I'll remove the AU's slowly.
If you are removing AUs, I would go ahead and remove both of the old AUs at the same time.
After being thrown to the fraud department on my US Bank, I had it taken off the available list for a few cycles (at OldCompany) and have it limited to 1 AU at this point.
Now that you're starting your own TL company, is the current company your competition?
Is it weird to give them ideas for improving their processes, know that if you do it better than them you would have a competitive advantage?
I visited a US Bank branch inside a local grocery store.
Step one: Go to a small branch that will likely never see these issues.
Step two: Deal with an amateur.
Step three: Feign complete indifference.
Step four: Tell the bank employee what happened, and why, and let him/her argue on your behalf.
I waited in a chair for 10 minutes while the bank employee was either on hold, or talking to the person on the other line. I didn't hear anything they spoke about. They only asked me two simple questions. 1) "How many users, including yourself, are currently on the account?" and 2) "What is a good number to reach you at?" Both answers checked out, and I was good to go, with the bank employee telling me that my card had been cleared.
So... Pretty uneventful.
As very basic strategies, HUACA* and feigning innocence/indifference can get you pretty far.
Now that you're starting your own TL company, is the current company your competition?
Nah, I have an abundance mindset, not scarcity. Served me very well in real estate (and life in general), and I think it'll do the same here.
The number of people who want to improve their credit is enormous. There's way more than enough clients out there for all the tradeline companies that exist, and then some. I don't worry about competition, because if I build a good offering, it'll be effective, and they can be effective as well. There will be situations where you trade ideas, or improve each other, and not at the detriment of either of you, but to the benefit of both.
My second capital one card was returned to sender. I just received the email today from Capital One saying it was returned to them and to call to update my address. The damn post office is going to screw this gig up for me.
My second capital one card was returned to sender. I just received the email today from Capital One saying it was returned to them and to call to update my address. The damn post office is going to screw this gig up for me.
Just ignore it. Almost all my cards get sent back from multiple different issuers, including Cap1. Never had an issue with it.
You only need to call if you actually wanted to receive the card, but who cares? :)
My second capital one card was returned to sender. I just received the email today from Capital One saying it was returned to them and to call to update my address. The damn post office is going to screw this gig up for me.
Just ignore it. Almost all my cards get sent back from multiple different issuers, including Cap1. Never had an issue with it.
You only need to call if you actually wanted to receive the card, but who cares? :)
Not True! I believed that too after posting here and seeing a similar response but it did create issues.I have posted a couple of weeks back about my experience with Citi.
My second capital one card was returned to sender. I just received the email today from Capital One saying it was returned to them and to call to update my address. The damn post office is going to screw this gig up for me.
Just ignore it. Almost all my cards get sent back from multiple different issuers, including Cap1. Never had an issue with it.
You only need to call if you actually wanted to receive the card, but who cares? :)
Wow those are incredible cards, I can't understand why you aren't getting any tradeline sales.
Wow those are incredible cards, I can't understand why you aren't getting any tradeline sales.
It's probably because there are a lot of similar cards...
I was contacted by the tradelines company about my USAA card last night. They are resting USAA cards because they believe there is an internal audit going on. I'm guessing other USAA card holders will experience the same thing.
I rather like USAA and prefer to not get on their bad side.
Finally got my first add after being signed up for over 120 days.
Discover is asking that I upload documents proving soc sec number/name/physical address over the next 10 days...anyone else had this?
I think we've had too many bank employees visit this thread. Maybe ars single handedly destroyed the AU industry by bringing it too much publicity? Is every bank now going to crack down on this process?
I can't find it on the thread, but we an add authorized users for Citicards on their citi website but then we have to call in to give the social security number right?
Another data point re: Discover Card / old TL co.
I've been easily adding and removing AUs for months now online, add the info, instant approval, thank you very much, we're sending you the card. Easy!
A few days ago I added an AU and was asked for the first time to upload documentation proving SS/citizenship, no problem, then again, instant approval, card is on its way. Easy!
Then today I went to add another AU online. It didn't ask for any documentation, I just got a message that said "Check back here for our decision..." but when I logged off/ back on, I didn't see anything like "pending" or anything as I poked around the Manage authorized users section. I couldn't tell if the request had actually "stuck."
So I did a chat with them, they confirmed that they'd received the request, and said that they'd let me know their decision in 72 hours. That puts me past the statement closing date, so I guess I can't make this particular sale, but more concerning is that either a) I'm doing enough adding and removing of AUs that they're starting to look more closely at *my* account before they approve AU adds, or b) in general, they're being more methodical/focused on AUs being added.
Bummer!
Signed up through the portal a few days ago, got the automated confirmation email but other than that nothing. Figure I'll give them a couple more days but what is their typical turnaround time for getting the docs I need to me?
Glad I said something! I just assumed that now that they have the portal up and running that would be the preferred method. Just shot an email over.Signed up through the portal a few days ago, got the automated confirmation email but other than that nothing. Figure I'll give them a couple more days but what is their typical turnaround time for getting the docs I need to me?
Did you email the address I sent you? They will reply with the docs you need, and once you fill that all out, they'll have you sign up with the portal.
If you just directly signed up with the portal, you aren't on their radar at all, and aren't going to receive any docs or get fully set up in the system. Right now they aren't really monitoring for random signups. If you email that email, you should get the docs within a day or two (PM me if you don't). :)
Finally got my first add after being signed up for over 120 days.
Discover is asking that I upload documents proving soc sec number/name/physical address over the next 10 days...anyone else had this?
Yes, and it was kind of a pain doing it from my phone while traveling abroad
I can't find it on the thread, but we an add authorized users for Citicards on their citi website but then we have to call in to give the social security number right?
I can't find it on the thread, but we an add authorized users for Citicards on their citi website but then we have to call in to give the social security number right?
At the moment, Citi's online AU addition feature does not require SSN, so I have been calling in to add the AU (don't even bother starting online). Calling in also reduces the risk of someone from Fraud calling you to confirm that it was actually you in fact that added the AU (this happened to me once when I did an online add). I have not had any issues adding AUs this way thus far and I get sales on two of my Citi cards frequently (between old and new companies).
Another data point re: Discover Card / old TL co.
I've been easily adding and removing AUs for months now online, add the info, instant approval, thank you very much, we're sending you the card. Easy!
A few days ago I added an AU and was asked for the first time to upload documentation proving SS/citizenship, no problem, then again, instant approval, card is on its way. Easy!
Then today I went to add another AU online. It didn't ask for any documentation, I just got a message that said "Check back here for our decision..." but when I logged off/ back on, I didn't see anything like "pending" or anything as I poked around the Manage authorized users section. I couldn't tell if the request had actually "stuck."
So I did a chat with them, they confirmed that they'd received the request, and said that they'd let me know their decision in 72 hours. That puts me past the statement closing date, so I guess I can't make this particular sale, but more concerning is that either a) I'm doing enough adding and removing of AUs that they're starting to look more closely at *my* account before they approve AU adds, or b) in general, they're being more methodical/focused on AUs being added.
Bummer!
Hey Redwood, do you have an update on how this went for you, what happened afterwards?
I think I had the same or similar situation as you with Discover. Not sure if it is a sign of a problem.
Like you, been adding users no problem on Discover, relatively steady sales as well (strangely). Most users approved right away, one or two cases I had to upload documentation. Either way I can see them approved or pending instantly online.
Today I got an order, went to add user online and got the same strange message that you did. Then I could see no indication of the users status online. I called Discover, rep confirmed that they got the information. She had to put me on hold, and then in vague language she told me it requires processing/checking on their end (I forget exact language). She told me I would get a written update in five to seven days. Very odd that she specified written update, when most of my communication with Discover is electronic.
On a positive note, or stranger note, I checked the Discover website later at night, and the user showed up as approved.
Not sure what to make of all that.
If only some rebel spy would start up a new mustachian tradeline company, or something.
If only some rebel spy would start up a new mustachian tradeline company, or something.;) I know, right?
I had two adds on my Discover at the end of March (3/24 and 3/27) so I'm coming up on 60 days on both. I logged in to my account today and realized that I had not added a direct deposit account in my Profile. I don't remember if I did it when I signed up. Have adds in March been paid? I added my account so hopefully we will be paid for those soon. I guess I should be good to remove the AUs soon but will probably just wait until the slot is filled - or will they not sell the slots until I confirm they were removed?
Can someone clarify how to determine which month an add belongs to? ie my sale was late March. Is that March or April? It is green.
I had two adds on my Discover at the end of March (3/24 and 3/27) so I'm coming up on 60 days on both. I logged in to my account today and realized that I had not added a direct deposit account in my Profile. I don't remember if I did it when I signed up. Have adds in March been paid? I added my account so hopefully we will be paid for those soon. I guess I should be good to remove the AUs soon but will probably just wait until the slot is filled - or will they not sell the slots until I confirm they were removed?
Have adds in March been paid?
March adds have not been paid.
Have adds in March been paid?
March adds have not been paid.
This is not the case; as I stated a few posts up, all March adds should have been paid 3+ weeks ago. If you weren't paid on something, definitely contact the owner, or feel free to pass any through me. :)
Maybe they're just clamping down more, or the fact that I'm fairly consistently selling 3 Discover AU slots per month these days is triggering something...fingers crossed it isn't a sign of a coming card shutdown.
Just got an AU sale for my Discover card - yay! BUT... Discover won't save the AU due to "invalid address". I confirmed that the address is valid. What is recommended in this case? Call to add?
Thanks!
Just got an AU sale for my Discover card - yay! BUT... Discover won't save the AU due to "invalid address". I confirmed that the address is valid. What is recommended in this case? Call to add?
Thanks!
Thanks everyone. No documents unfortunately. USPS cannot find the address so that is likely the problem. I was going by the ability to map the address originally.
I'll call.
Has anyone started to get other junk mail with the names of past AUs? I'm sure there's something, somewhere in my issuing bank's site to opt out of selling my name or their name. Anyone found where that might be? This is from a US Bank card.
Nomads doing Tradelines, what do you do for a mailing address? We are trying to decide whether to use a family member or a company or something else, but I am afraid letters with other names on them will get sent back to the cc company.
FrugalSaver, that sounds like a very important step. I haven't done this yet, but a charge over $2 makes sure that the issuer WILL report updates to the credit agencies. When there's no balance (or a small balance that they write off), I gather some issuers may not send any new info to the agencies. So added AUs would remain off credit reports.The charge just needs to be made on the account for it to post, not necessarily the AU card.
FrugalSaver, that sounds like a very important step. I haven't done this yet, but a charge over $2 makes sure that the issuer WILL report updates to the credit agencies. When there's no balance (or a small balance that they write off), I gather some issuers may not send any new info to the agencies. So added AUs would remain off credit reports.The charge just needs to be made on the account for it to post, not necessarily the AU card.
FrugalSaver, that sounds like a very important step. I haven't done this yet, but a charge over $2 makes sure that the issuer WILL report updates to the credit agencies. When there's no balance (or a small balance that they write off), I gather some issuers may not send any new info to the agencies. So added AUs would remain off credit reports.The charge just needs to be made on the account for it to post, not necessarily the AU card.
What's the difference? How does one make a charge on the account without using the AU card?
Got my first two AUs today. Added without a hitch.Great! I'm still waiting on my first add I signed up in Jan.
Sent from my Nexus 6P using Tapatalk
Any word on when we can expect payment for adds done in April?
Any word on when we can expect payment for adds done in April?
April adds were paid end of May (yesterday, and I believe some went out today). You should see it in your bank account within 3-4 business days, due to transfer time.
If you haven't seen the deposit pending in your bank account by early next week, PM me or contact the owner. :)
Owner has confirmed all payments for April were sent, and also mentioned that some people never sent a W9, voided check or put bank account info in the portal.
You'll need to do this to get paid. :)
You can do it manually through email, or through the Portal (click "My Documents" and upload them there).
If I submitted this info pre-portal do I need to do it again?
If I submitted this info pre-portal do I need to do it again?
No.
Only if you've never submitted your payment information.
I don't see my payment pending yet, but I'll give it until next week like you said. I definitely sent in a W9 etc. when I signed up.
I just had a brief email exchange with Erica. I was asked to add a new AU, and not remove the two AUs I already have on the card. So that means there will be three AUs on the card for a while. She confirmed that is correct. They are starting to relax their two-at-a-time standard.
I'm supposed to leave those two older AUs on the card until 6/15, but I will be paid for them on Monday, 6/5.
I would very much like to participate in this. Would someone be kind enough to DM me the company name?
I would very much like to participate in this. Would someone be kind enough to DM me the company name?
You have to private message arebelspy on here.
I just had a brief email exchange with Erica. I was asked to add a new AU, and not remove the two AUs I already have on the card. So that means there will be three AUs on the card for a while. She confirmed that is correct. They are starting to relax their two-at-a-time standard.
I'm supposed to leave those two older AUs on the card until 6/15, but I will be paid for them on Monday, 6/5.
As someone who has yet to have a sale, that's really irritating.
I would very much like to participate in this. Would someone be kind enough to DM me the company name?
You have to private message arebelspy on here.
Thank you, the reason I had posted this comment as I had tried this multiple times and get some not allowed message. Which makes me think there's a post count threshold? Thank you David and have a nice day.
Why do some people get more sales than others? I have very good credit cards with "old" and "new" companies. Well over 2 years old, credit limits over 20K, on some cards over 30K.
Got my first two AUs today. Added without a hitch.
Sent from my Nexus 6P using Tapatalk
USBank, 18500, signed up earlier in May.Got my first two AUs today. Added without a hitch.
Sent from my Nexus 6P using Tapatalk
What cards, limits and years did you have and when did you first sign up?
As Car Jack said, it is hard to figure out but my experience is similar. My cards that are 24-27 months over 10K see more action that an older cards and higher limit cards.
Has anyone been paid yet for April adds? I'm still waiting
I'm still waiting to be paid for my April adds as well.
Has anyone been paid yet for April adds? I'm still waiting
Nope, waiting ...
A payroll processor who essentially shuts down when one person is out of the office? Sounds like someone should fire them pronto.
Just paid for April
Another month gone by with no sales :(
Same. And I had all my info submitted over a week before my January closing date. So, missed January, February, March and April. Admittedly, one of the 3 cards is BoA and "resting" now.
Same here - I'm actually thinking about removing my cards from this service. I might try the "old" company and see how they do with a card or two. The opportunity cost of just letting these cards sit in this companies queue is just too high.
Ditto. Seems like the demand for this service might not be as high as imagined. Will give it another quarter and then reassess. So far no activity.
Maybe they're just clamping down more, or the fact that I'm fairly consistently selling 3 Discover AU slots per month these days is triggering something...fingers crossed it isn't a sign of a coming card shutdown.
If you can, let me know if you get a new sale on your Discover and if it works out ok, or if you have problems.
I decided to be conservative and ask them to not sell any AU on that card currently. I will let it rest for one cycle. Probably was unnecessary, but I didn't want to deal with any hassle.
Question for you ARS- you mentioned that you don't keep your physical cards with you since you're on the road. Do you mind sharing what your monthly purchases on the cards are to keep a balance? Do you have enough recurring bills to have one on each card?
You guys who have been paid for April adds, when in April? I added one April 25, and not paid yet.
Should I consider that one a May add?
Just signed up for a Barclaycard yesterday, they gave me an $11K limit- so that should be a good one for future!
You guys who have been paid for April adds, when in April? I added one April 25, and not paid yet.
Should I consider that one a May add?
Just signed up for a Barclaycard yesterday, they gave me an $11K limit- so that should be a good one for future!
How often can you ask for a limit increase? Or should you?
How often can you ask for a limit increase? Or should you?
got an add from the new site on a 1 year old card.
Has anyone tried selling these things on their own? I'm just thinking Craiglist, Facebook, etc. Probably could get close to the $600-800 range per trade and cut out the middle man. Especially if it's a matter of meeting someone in person in the city both parties reside in, that would seem pretty low risk to me...
2) Sell the lines yourself. If you can find (and verify) AUs, you can make way more than the cut you're getting here, plus get sales, rather than none.
Has anyone tried selling these things on their own? I'm just thinking Craiglist, Facebook, etc. Probably could get close to the $600-800 range per trade and cut out the middle man. Especially if it's a matter of meeting someone in person in the city both parties reside in, that would seem pretty low risk to me...
you need to do a lot of research the worst thing you can do is add a fake identity to your credit card then you're part of a fraudulent transaction and will be flagged by the FBI. so if you can do all your own due diligence then maybe it would work alright. but i like the piece of mind of a middle man.
No adds for June but so far have one lined up for July. I haven't removed the 2 AUs from my Discover yet but their 60 days ran out at the end of May, so I'll probably go ahead and remove them both soon, unless there's a compelling reason to leave them on.
No adds for June but so far have one lined up for July. I haven't removed the 2 AUs from my Discover yet but their 60 days ran out at the end of May, so I'll probably go ahead and remove them both soon, unless there's a compelling reason to leave them on.
No adds for June but so far have one lined up for July. I haven't removed the 2 AUs from my Discover yet but their 60 days ran out at the end of May, so I'll probably go ahead and remove them both soon, unless there's a compelling reason to leave them on.
You still could get a June ad. I just got one for my Discover which doesn't close till the 19th. Makes sense because my citi that's been getting AUs is already past for June. If a buyer comes in today, they probably want a closing date that's in the next week so they'll show up on the upcoming reporting cycle. My cap one closes on the 25th and I see no reason why someone would not potentially pick that in the next few days. They wouldn't pick my citi because they'd have to wait for 4 weeks for it to report.
FWIW, I think they want 75 days, not 60. I asked when to remove my first AU with the new co. The reply was I would get notified at 75 days.
Question for you ARS- you mentioned that you don't keep your physical cards with you since you're on the road. Do you mind sharing what your monthly purchases on the cards are to keep a balance? Do you have enough recurring bills to have one on each card?
I only use the cards when I get an AU.
I charge $2.50 to the card to reload my Amazon gift card balance.
I have this bookmarked:
https://smile.amazon.com/asv/reload/order?manualReload.amount=2.50 (https://smile.amazon.com/asv/reload/order?manualReload.amount=2.50)
And all my cards in Amazon. I just click that, login, and select the card that got the AU, and hit "reload balance." Total clicks: 4 (bookmark, login button, select cc, reload button).
If I don't have a sale on a card in a given month, I don't use it. I just make sure it has a balance when I add the AU, so it closes with a statement balance to help it report to the AU's account.
Do you mind if I ask what kind of stuff you spend your amazon gift card on as a nomad? I'm in a similar situation and have never bought stuff from Amazon on the road.
Do you mind if I ask what kind of stuff you spend your amazon gift card on as a nomad? I'm in a similar situation and have never bought stuff from Amazon on the road.
It's a low enough amount (maybe 10/mo--since one $2.50 charge covers all the AUs on that card that month) that I just let it build, then maybe once or twice a year buy some stuff we need and ship it to family who will be visiting.
Mostly got baby stuff, though recently stuff for our RV (water filters, for example).
Do you mind if I ask what kind of stuff you spend your amazon gift card on as a nomad? I'm in a similar situation and have never bought stuff from Amazon on the road.
It's a low enough amount (maybe 10/mo--since one $2.50 charge covers all the AUs on that card that month) that I just let it build, then maybe once or twice a year buy some stuff we need and ship it to family who will be visiting.
Mostly got baby stuff, though recently stuff for our RV (water filters, for example).
I registered two card back in late January:
- Barclay Mastercard, 2 years old, $20.5k limit
- Discover, 3 years old, $10.5k limit
They have not contacted me at all to add an AU to either of these cards......so I have made no money.
Any advice? Or do I just wait it out and hope they sell one of my slots soon?
FJ
I registered two card back in late January:
- Barclay Mastercard, 2 years old, $20.5k limit
- Discover, 3 years old, $10.5k limit
They have not contacted me at all to add an AU to either of these cards......so I have made no money.
Any advice? Or do I just wait it out and hope they sell one of my slots soon?
FJ
I registered two card back in late January:
- Barclay Mastercard, 2 years old, $20.5k limit
- Discover, 3 years old, $10.5k limit
They have not contacted me at all to add an AU to either of these cards......so I have made no money.
Any advice? Or do I just wait it out and hope they sell one of my slots soon?
FJ
My card that I've seen sales on is 7 years old. Maybe buyers like older cards?
I registered two card back in late January:
- Barclay Mastercard, 2 years old, $20.5k limit
- Discover, 3 years old, $10.5k limit
They have not contacted me at all to add an AU to either of these cards......so I have made no money.
Any advice? Or do I just wait it out and hope they sell one of my slots soon?
FJ
My card that I've seen sales on is 7 years old. Maybe buyers like older cards?
My oldest is over 20 years, no bites in 6 cycles.
My wife added me as an AU on her old Chase card so I could do the work to get this tradeline thing going.
Unfortunately I found out that the tradeline company doesn't use Chase cards because they don't report right or something....
But I just checked creditkarma and my credit age went from avg. 2 years to avg. 6 yrs by adding wifes 11 yr old card and my score went from 753 to 809. So it seems I have piggybacked her credit just fine with only the addition of a Chase AU slot.
What am I missing?
Maybe they're just clamping down more, or the fact that I'm fairly consistently selling 3 Discover AU slots per month these days is triggering something...fingers crossed it isn't a sign of a coming card shutdown.
If you can, let me know if you get a new sale on your Discover and if it works out ok, or if you have problems.
I decided to be conservative and ask them to not sell any AU on that card currently. I will let it rest for one cycle. Probably was unnecessary, but I didn't want to deal with any hassle.
e job here is to sign up people as authorized users on your credit so they can purchase things, right?
Credit Sesame just sent me a message saying there was a "paid tradeline" alert on my account. I was like, shit, they make a note of suspicious activity on my credit report now? But now, when I logged in it just said "Congratulations! A creditor has reported that you recently paid one of your accounts down to $0." Well yeah I do that every month.
Credit Sesame just sent me a message saying there was a "paid tradeline" alert on my account. I was like, shit, they make a note of suspicious activity on my credit report now? But now, when I logged in it just said "Congratulations! A creditor has reported that you recently paid one of your accounts down to $0." Well yeah I do that every month.
Huh, weird I got a similar message for the first time ever. Guess I can expect to get a lot more of those.
Credit Sesame just sent me a message saying there was a "paid tradeline" alert on my account. I was like, shit, they make a note of suspicious activity on my credit report now? But now, when I logged in it just said "Congratulations! A creditor has reported that you recently paid one of your accounts down to $0." Well yeah I do that every month.
Huh, weird I got a similar message for the first time ever. Guess I can expect to get a lot more of those.
That sounds like something new credit sesame decided to implement.
It has nothing to do with authorized user tradelines.
Seems annoying if you get it every time you pay a CC to zero--that should happen every month.
I got the text and email this morning to add a new AU to my Discover. Just logged in and went through the process. Got to the final screen for AU submitted and it said look here for the decision on your add, but there was no decision - and the new AU add isn't showing up in the Manage AU section. Has this happened to anyone else? I don't want to get ahead of myself and try to add them again.
I got the text and email this morning to add a new AU to my Discover. Just logged in and went through the process. Got to the final screen for AU submitted and it said look here for the decision on your add, but there was no decision - and the new AU add isn't showing up in the Manage AU section. Has this happened to anyone else? I don't want to get ahead of myself and try to add them again.
This sounds similar to what RedwoodDreams have been encountering with Discover. So far works out in end, but looks like some kind of increased monitoring or auditing?:
Report (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1559904/#msg1559904)
Update (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1600159/#msg1600159)
I honestly think it's better to give it a day or two before chatting. Sending you to the "specialty team" seem s like it would raise flags after you do it a few times
I honestly think it's better to give it a day or two before chatting. Sending you to the "specialty team" seem s like it would raise flags after you do it a few times
That may be true, but typically the add has to be completed the day it's requested or you won't get credit for it, right?
I honestly think it's better to give it a day or two before chatting. Sending you to the "specialty team" seem s like it would raise flags after you do it a few times
That may be true, but typically the add has to be completed the day it's requested or you won't get credit for it, right?
Nope. They will ask you to add it the day they notify you, and doing so is the most conservative way to go to ensure getting paid, but - with me at least - they build in a few days of wiggle room. My last add was on a Friday, and I added them that same day but just forgot to press the "Yup, I've added them" button in the online portal. I got an email from them four days later asking if I had added them yet and if not it was still OK but needed to be done that day. I reassured them via email and pressed the button in the portal.
This sounds similar to what RedwoodDreams and I have been encountering with Discover. So far works out in end, but looks like some kind of increased monitoring or auditing?
Ok, so I have a US Bank card enrolled with the recommended TL company. The portal says "Month Limit: 2", which I take to mean 2 additional AU's on the card per month. I had one add in May which I'm scheduled to remove on 7/28. Then I got another sale on that card on 6/21 and successfully added the AU. Now today I get another add for that card, which will put the total AU's at 3 for July. Should I have any concern about that, or just add the new sale as instructed?
Ok, so I have a US Bank card enrolled with the recommended TL company. The portal says "Month Limit: 2", which I take to mean 2 additional AU's on the card per month. I had one add in May which I'm scheduled to remove on 7/28. Then I got another sale on that card on 6/21 and successfully added the AU. Now today I get another add for that card, which will put the total AU's at 3 for July. Should I have any concern about that, or just add the new sale as instructed?
In situations like this, I usually send an email to the TL company asking them to confirm that they want me to add the AU. If they say yes and I feel comfortable with the situation, I'll go ahead with the add. If I feel *really* uncomfortable or have a problem with the add, I'll email the TL company and tell them I don't feel comfortable or it didn't work; the TL company will then move the sale to some other card.
The 2 AU limit on USBank is a recommendation. I have had the TL company ask me to exceed the recommendation a time or two. Up to each individual here if they're comfortable doing that or not. In my case, each time it was on a USAA card and I think USAA won't allow more than 2 at a time, so I had to tell the TL company it didn't work.
Anyone know of any trade line companies where Canadians can catch a piece of this action?
Canukexpat wroteQuoteThis sounds similar to what RedwoodDreams and I have been encountering with Discover. So far works out in end, but looks like some kind of increased monitoring or auditing?
I tried to Login to my Discover and they locked me out and made me contact account verification or fraud or some such department. They asked about the AU and lucky I had their names and good records. More like a friendly conversation versus an interrogation, but I think they are obviously monitoring the AU situation. Now I have a new add for today and not sure if I should add them today or wait, any opinions? I will contact the recommended company when they open. Hate to have my Discover card rest as it is the only card I get adds on so far. Just one every other month.
Canukexpat wroteQuoteThis sounds similar to what RedwoodDreams and I have been encountering with Discover. So far works out in end, but looks like some kind of increased monitoring or auditing?
I tried to Login to my Discover and they locked me out and made me contact account verification or fraud or some such department. They asked about the AU and lucky I had their names and good records. More like a friendly conversation versus an interrogation, but I think they are obviously monitoring the AU situation. Now I have a new add for today and not sure if I should add them today or wait, any opinions? I will contact the recommended company when they open. Hate to have my Discover card rest as it is the only card I get adds on so far. Just one every other month.
I would go for it and add the AU. After my experience with Discover for last month's three adds, I feel more comfortable with the fact that they're just now being careful about adding any AUs. My sense is that they mostly want to make sure YOU as the cardholder are the one doing the adding, someone hasn't hacked your account, etc. All three posted fine and tomorrow is payday.
Ok, so I have a US Bank card enrolled with the recommended TL company. The portal says "Month Limit: 2", which I take to mean 2 additional AU's on the card per month. I had one add in May which I'm scheduled to remove on 7/28. Then I got another sale on that card on 6/21 and successfully added the AU. Now today I get another add for that card, which will put the total AU's at 3 for July. Should I have any concern about that, or just add the new sale as instructed?
In situations like this, I usually send an email to the TL company asking them to confirm that they want me to add the AU. If they say yes and I feel comfortable with the situation, I'll go ahead with the add. If I feel *really* uncomfortable or have a problem with the add, I'll email the TL company and tell them I don't feel comfortable or it didn't work; the TL company will then move the sale to some other card.
The 2 AU limit on USBank is a recommendation. I have had the TL company ask me to exceed the recommendation a time or two. Up to each individual here if they're comfortable doing that or not. In my case, each time it was on a USAA card and I think USAA won't allow more than 2 at a time, so I had to tell the TL company it didn't work.
Canukexpat wroteQuoteThis sounds similar to what RedwoodDreams and I have been encountering with Discover. So far works out in end, but looks like some kind of increased monitoring or auditing?
I tried to Login to my Discover and they locked me out and made me contact account verification or fraud or some such department. They asked about the AU and lucky I had their names and good records. More like a friendly conversation versus an interrogation, but I think they are obviously monitoring the AU situation. Now I have a new add for today and not sure if I should add them today or wait, any opinions? I will contact the recommended company when they open. Hate to have my Discover card rest as it is the only card I get adds on so far. Just one every other month.
I would go for it and add the AU. After my experience with Discover for last month's three adds, I feel more comfortable with the fact that they're just now being careful about adding any AUs. My sense is that they mostly want to make sure YOU as the cardholder are the one doing the adding, someone hasn't hacked your account, etc. All three posted fine and tomorrow is payday.
Really? Was payday today? Nothing was added to my account...
I read this in the FAQs:
"In a worst-case scenario, the credit card company may shut down other lines and accounts you have with them besides that one card, and/or refuse to issue you new cards. Chase is the only one I'm aware of that does this, so be careful with them, but the other companies, if they shut your card down (which is rare) will likely only shut down that one single card, not any other accounts with them, nor refuse to issue you any new credit."
I have a 3-year old Visa with a $17,000 limit issued by Elan Financial via Fidelity. Fidelity handles my 401k and several other of my investment accounts. The card is just a backup card for traveling, so I might try selling some spots on it. I don't know if Fidelity would care if the card got closed since they're not the issuer, but being the cautious sort I'm a little nervous about doing anything to mess up my retirement accounts.
Up to this point, has anyone had other accounts shut down by anyone other than Chase?
Ok, so I have a US Bank card enrolled with the recommended TL company. The portal says "Month Limit: 2", which I take to mean 2 additional AU's on the card per month. I had one add in May which I'm scheduled to remove on 7/28. Then I got another sale on that card on 6/21 and successfully added the AU. Now today I get another add for that card, which will put the total AU's at 3 for July. Should I have any concern about that, or just add the new sale as instructed?
I read this in the FAQs:
"In a worst-case scenario, the credit card company may shut down other lines and accounts you have with them besides that one card, and/or refuse to issue you new cards. Chase is the only one I'm aware of that does this, so be careful with them, but the other companies, if they shut your card down (which is rare) will likely only shut down that one single card, not any other accounts with them, nor refuse to issue you any new credit."
I have a 3-year old Visa with a $17,000 limit issued by Elan Financial via Fidelity. Fidelity handles my 401k and several other of my investment accounts. The card is just a backup card for traveling, so I might try selling some spots on it. I don't know if Fidelity would care if the card got closed since they're not the issuer, but being the cautious sort I'm a little nervous about doing anything to mess up my retirement accounts.
Up to this point, has anyone had other accounts shut down by anyone other than Chase?
BoA was recently shutting down accounts, but it wasn't due to tradelines - it was people with 5+ BoA cards, often duplicates or triplicates. Last year there was a MLB Cash card with a juicy signup bonus ($200 on $500 spend) - and you could pick different teams. So people started collecting teams, and BoA let them.
I read this in the FAQs:
"In a worst-case scenario, the credit card company may shut down other lines and accounts you have with them besides that one card, and/or refuse to issue you new cards. Chase is the only one I'm aware of that does this, so be careful with them, but the other companies, if they shut your card down (which is rare) will likely only shut down that one single card, not any other accounts with them, nor refuse to issue you any new credit."
I have a 3-year old Visa with a $17,000 limit issued by Elan Financial via Fidelity. Fidelity handles my 401k and several other of my investment accounts. The card is just a backup card for traveling, so I might try selling some spots on it. I don't know if Fidelity would care if the card got closed since they're not the issuer, but being the cautious sort I'm a little nervous about doing anything to mess up my retirement accounts.
Up to this point, has anyone had other accounts shut down by anyone other than Chase?
BoA was recently shutting down accounts, but it wasn't due to tradelines - it was people with 5+ BoA cards, often duplicates or triplicates. Last year there was a MLB Cash card with a juicy signup bonus ($200 on $500 spend) - and you could pick different teams. So people started collecting teams, and BoA let them.
I read this in the FAQs:
"In a worst-case scenario, the credit card company may shut down other lines and accounts you have with them besides that one card, and/or refuse to issue you new cards. Chase is the only one I'm aware of that does this, so be careful with them, but the other companies, if they shut your card down (which is rare) will likely only shut down that one single card, not any other accounts with them, nor refuse to issue you any new credit."
I have a 3-year old Visa with a $17,000 limit issued by Elan Financial via Fidelity. Fidelity handles my 401k and several other of my investment accounts. The card is just a backup card for traveling, so I might try selling some spots on it. I don't know if Fidelity would care if the card got closed since they're not the issuer, but being the cautious sort I'm a little nervous about doing anything to mess up my retirement accounts.
Up to this point, has anyone had other accounts shut down by anyone other than Chase?
BoA was recently shutting down accounts, but it wasn't due to tradelines - it was people with 5+ BoA cards, often duplicates or triplicates. Last year there was a MLB Cash card with a juicy signup bonus ($200 on $500 spend) - and you could pick different teams. So people started collecting teams, and BoA let them.
Interesting! I just signed up for a BoA card for a $150 on $500 bonus, and I'll probably mature it for tradelines. I noticed they still offer the MLB card, but with the same $150 on $500 bonus.
I read this in the FAQs:
"In a worst-case scenario, the credit card company may shut down other lines and accounts you have with them besides that one card, and/or refuse to issue you new cards. Chase is the only one I'm aware of that does this, so be careful with them, but the other companies, if they shut your card down (which is rare) will likely only shut down that one single card, not any other accounts with them, nor refuse to issue you any new credit."
I have a 3-year old Visa with a $17,000 limit issued by Elan Financial via Fidelity. Fidelity handles my 401k and several other of my investment accounts. The card is just a backup card for traveling, so I might try selling some spots on it. I don't know if Fidelity would care if the card got closed since they're not the issuer, but being the cautious sort I'm a little nervous about doing anything to mess up my retirement accounts.
Up to this point, has anyone had other accounts shut down by anyone other than Chase?
BoA was recently shutting down accounts, but it wasn't due to tradelines - it was people with 5+ BoA cards, often duplicates or triplicates. Last year there was a MLB Cash card with a juicy signup bonus ($200 on $500 spend) - and you could pick different teams. So people started collecting teams, and BoA let them.
Interesting! I just signed up for a BoA card for a $150 on $500 bonus, and I'll probably mature it for tradelines. I noticed they still offer the MLB card, but with the same $150 on $500 bonus.
The $150 on $500 are pretty common. I try to hold out for at least $200 on $500 (got one of those from BoA and one from Barclay this year) or even better $500 on $3,000 (Barclay, Chase, CapOne) when I have a chunk of travel for work coming up - I can put the travel expenses on the new card and get reimbursed.
Just had a repo man knock on my door (at 10pm), trying to find a former AU, so he could re-posses an Audi A8.
Just had a repo man knock on my door (at 10pm), trying to find a former AU, so he could re-posses an Audi A8.
Just had a repo man knock on my door (at 10pm), trying to find a former AU, so he could re-posses an Audi A8.
Wow. Fun story. Not so fun to experience.
May be worth running all tradeline stuff through a post office or mail forwarding address.
Another Discover card anecdote: I went to remove two AUs from my card yesterday though the site's "Manage" section. In the past, I've just been able to remove AUs online, no fuss.
Yesterday, however, I got a message that the operation couldn't be done at the time, and to call an 800- number about lost or stolen cards.
I remembered that when I'd logged in, I'd gotten a nudge from Discover that I had AU cards to activate. So I went ahead and activated the cards of the users I wanted to remove, and after I got a confirmation email from Discover, logged back in and was able to remove the AUs from my card online.
Possibly a fluke, but possibly they want to see AU cards activated (?) before they let you easily remove 'em (?) Just something to be aware of if you run into a similar situation.
Hi, new to MMM. I keep a lot of cards and my friend recommended me to this thread. I am definitely interested but looking to draw on the experiences of others. I need to decide if it is worth the time investment or if the market is oversaturated at this point. The 2 cards I would like to use are citibank and barclay (I think that these are two of the easier ones to use). Each card is 2-4 years and $10k-$15k. How much money would I expect to make off this?
Also, does it make sense to open a PO box (to keep creditors away from my home address)?
Ok, so I have a US Bank card enrolled with the recommended TL company. The portal says "Month Limit: 2", which I take to mean 2 additional AU's on the card per month. I had one add in May which I'm scheduled to remove on 7/28. Then I got another sale on that card on 6/21 and successfully added the AU. Now today I get another add for that card, which will put the total AU's at 3 for July. Should I have any concern about that, or just add the new sale as instructed?
I just had the same thing happen with my US Bank card. I emailed the TL company to ask if I should remove one of the other two AUs before adding the new one and they said their new policy is to leave the AUs on for 75 days rather than 60 days. That would mean that the card would have 3 AUs for the next two weeks. Can anyone else confirm that?
We've (collectively, as a group) now sold thousands of tradelines, and had:
1 report of a collector knocking on someone's door.
2-3 reports of a collector placing a phone call to someone.
3-5? reports of receiving junk mail for a previous AU.
The odds of it happening are pretty low. The annoyance if it happens depends on you. The cost for the PO box varies.
I'd just run all that together and make a decision.
So how do we notify the tradeline company that we removed an AU. I haven't gotten any notifications to remove, and I can't click the "remove" button on the portal, but my understanding is to remove them after a couple months
mostly worried if their system is blocking me from new sales because it thinks I still have 2 active AUs
Hi, new to MMM. I keep a lot of cards and my friend recommended me to this thread. I am definitely interested but looking to draw on the experiences of others. I need to decide if it is worth the time investment or if the market is oversaturated at this point. The 2 cards I would like to use are citibank and barclay (I think that these are two of the easier ones to use). Each card is 2-4 years and $10k-$15k. How much money would I expect to make off this? Also, does it make sense to open a PO box (to keep creditors away from my home address)?
So how do we notify the tradeline company that we removed an AU. I haven't gotten any notifications to remove, and I can't click the "remove" button on the portal, but my understanding is to remove them after a couple months
It'll alert you when to remove them. You'll just click a button to confirm you did it.Quotemostly worried if their system is blocking me from new sales because it thinks I still have 2 active AUs
You can click on the card details to see if it's "available"--it should be fine, an AU only blocks it off for two months, even if it's still on there.
What's the time frame though? I have one that's been like 3 months without a removal alert. The remove button is not clickable
What's the time frame though? I have one that's been like 3 months without a removal alert. The remove button is not clickable
From my emails it looks like I receive them around 2 mo. and three weeks-ish.
Your card should show as available though if you go to my cards and click the + sign, and look at the individual months.
I had the same problem with being unable to remove my AUs from the portal. I wrote to them and said I thought it was time to remove these cards, but didn't see a way. They flipped a switch for me, and then I was able to remove them.
Sounds like SOP for this company: shts messed up, but we fix it if you email us
Paid yesterday for my late April adds (25th). No email correspondence like last time. Is this how the portal works? I'm trying to decide how often I should log in to the portal
If anyone wants some other data-points, wife and I have had 5 cards active on the "old recommendation" since about August, and have had four tradeline sales in that time for roughly $1000 in revenue. Not bad for some clicking around. I had a quick sale on Chase (which was removed after some changes) and no bites since then, wife has had a few more sales on her cards (higher limits and longer credit histories).
I got curious and tallied up today: first four months of this year my wife and I rang up ~$1,000 in sales between the two of us assuming they all pay out (one didn't post).
So relatively consistent dollar wise with what I said before, though last year, we had fewer sales, at higher payout each (before the price was cut).
If that averages out, it's still "free" $3,000 a year. I won't sneeze at that.
That's for about five cards distributed semi randomly between old and new recommendation; we added some new cards, and some cards, i.e. Chase, are no longer being sold. We are pretty lazy, if the card was already getting sales on the old recommendation, we kept it and didn't move over.
I finally got an add on Discover, but the web site won't take the address line, even though it seems to be valid. Hoping they know what the problem is, but just curious to see if anyone else has hit this issue.
Is boa still aggressively shutting down cards for this? Got an add on a boa card and I'm a little apprehensive to add it.
Is boa still aggressively shutting down cards for this? Got an add on a boa card and I'm a little apprehensive to add it.
Interesting. Just went to check and my BoA card still says "resting". I've got 4 BoA cards and if they were all shut down, I wouldn't care at all. Opened them all just to get the sign on bonus but one's old enough to use for tradelines.
Just got a text from the new company saying I had an AU to add! I have to say, I like that feature - has anyone else started getting these?
Hi all,
I got two adds for my Discover Card yesterday. I went online and added them and I got an email back asking me to upload documents such as security card, birth certificate, marriage certificate, etc. Anyone else had this get flagged?
I've lurked around the columns here, but this is the first thread that I've really gotten into...
Read the whole thread yesterday - you guys have been through quite a journey! I haven't seen an updated summary, so here goes:
In summary, tradelining is selling (renting) AU slots on credit cards to people that want to improve their credit through a broker (New/Old Company).
New company seems to be the front runner right now. ARS' participation and relationship with the NC looks to be a huge asset. NC's had their issues, but feel that they're honestly trying their best to have a good product on the provider end.
Steps: PM ARS for the referral; sign up with Old or New Company with your cards; wait; when AUs are brokered, work with the CC company to assign them to the credit card; wait; remove AU; profit; rinse; repeat
Risks: CC companies aren't huge fans of this so assume that the credit cards that you're offering will be closed. It's possible that doing this could put a strain on a financial relationship (USAA seems to be the biggest - are there any documented cases of total blacklisting?)
Good CCs: Barclaycard, Discover (to a lesser extent)
PITA CCs: USAA, Chase
Suspicious CCs: BoA
Generally Acceptable CCs: Citi, US Bank, CapOne, PNC
Not really talked about: Elan (brief discussion about not being accepted anymore?), World's Foremost (who dat?)
Payback seems to be $150-200 per AU every two months; YMMV in fees and use
Pro tips: make sure all the data provided is given to the CC company; don't exceed your AU slots; contact the TL company if something happens that is not expected
Another thing that I noticed is that a lot of people are disappointed that their great cards (+10yrs, +$20K) aren't getting much action. It feels like that the average (+2yrs, +10K) cards are getting the most slots. If this has been the case from your perspective, I think it makes sense from a market point of view: the payouts are in three tiers, yes? Call them budget, value, and premium. It appears to an outsider that the budget and value cards are the most utilized. Agree/disagree?
Two opportunities I see then: 1) adjust your premium cards to appear as value cards (move the CL down to the lower threshold). And 2) How do you tap into the premium market? Is there a premium market? Are the New Company's affiliates pursuing these customers? Maybe that's a question for the TBD MMM Tradeline Co. to address.
Feel free to correct me.
<snip>
Feel free to correct me.
After all that reading, re you in? Put your knowledge to work otherwise all you'll get is a big headache.
1. My opinion is that USBank cards are actually great to work with. Not suspicious, very quick add over the phone.
3. The value segment as you describe it probably has the most adds because it's the largest population of cards. Cards in the premium segment are rare and thus get fewer adds as an absolute number. But for me, my percentage of adds per available slot is definitely higher in the premium segment. It seems to me the value slot is picking up in the last month or two.
1. My opinion is that USBank cards are actually great to work with. Not suspicious, very quick add over the phone.
That's great to hear - I have a couple USBank cards that would be good candidates.
I'm having trouble removing users under "My Cards" in the system. I've had a couple users on for 3 months already and I'd like to remove them (they're already off my cards) but I can't select the "remove user" button. Is this an email to support or does anyone have another way to remove?
I'm having trouble removing users under "My Cards" in the system. I've had a couple users on for 3 months already and I'd like to remove them (they're already off my cards) but I can't select the "remove user" button. Is this an email to support or does anyone have another way to remove?
Did you get an email/text from the TL company telling you to remove them? If not, it's too soon and you should not have removed them. If you did, I've found that the button immediately appears in the online portal. Never remove an AU until they specifically tell you to.
I'm having trouble removing users under "My Cards" in the system. I've had a couple users on for 3 months already and I'd like to remove them (they're already off my cards) but I can't select the "remove user" button. Is this an email to support or does anyone have another way to remove?
Quick question: Does it matter which Barclay card you're using?
Quick question: Does it matter which Barclay card you're using? I'm planning to open up a couple cards tomorrow for signing bonuses and one is the Barclay CashForward since it doesn't have an annual fee. I'm not particularly interested in accumulating miles so I don't see the need to bother with one of their cards that has an annual fee otherwise.Here's a $50 referral bonus (no min spend) - it should also qualify you for the "double cashback" for the first year, which gets you another $50 after a year (plus matching whatever other bonuses you managed in the meantime)
Also looking at a DiscoverIT to season for two years. Sadly, they don't look like they have any cards with signing bonuses.
Has anyone used one account for both you and your spouse's cards?
My wife has two cards that I would like to sign-up, but I don't want to go through the hassle of having her setting up another account.
Has anyone used one account for both you and your spouse's cards?
My wife has two cards that I would like to sign-up, but I don't want to go through the hassle of having her setting up another account.
I have an account that I use to list both my wife's and my own cards. The TL company said this was ok, and we haven't run into any issues yet.
Has anyone used one account for both you and your spouse's cards?
My wife has two cards that I would like to sign-up, but I don't want to go through the hassle of having her setting up another account.
I have an account that I use to list both my wife's and my own cards. The TL company said this was ok, and we haven't run into any issues yet.
How do you get paid? Under one of your SSNs, or both get paid under your SSNs?
Has anyone used one account for both you and your spouse's cards?
My wife has two cards that I would like to sign-up, but I don't want to go through the hassle of having her setting up another account.
I have an account that I use to list both my wife's and my own cards. The TL company said this was ok, and we haven't run into any issues yet.
How do you get paid? Under one of your SSNs, or both get paid under your SSNs?
The payments just come into one of our joint bank accounts. As for the tax information (W-9), I just filled it out once and provided my SSN.
Here's what the TL company said: "If you will be interacting with us separately and/or having your payments go to separate accounts, then use 2 contracts, otherwise 1 is fine."
Thanks! Speaking of referrals: if anyone doesn't already have a Chase Freedom, they are offering me $100 for up to 5 people that I send them who spend 500 in the first couple (3?) months and they also give the people $150.
Thanks! Speaking of referrals: if anyone doesn't already have a Chase Freedom, they are offering me $100 for up to 5 people that I send them who spend 500 in the first couple (3?) months and they also give the people $150.
Yep, we should put up a referral link sharing thread, or resurrect one
Chase Freedom is a good "starter" card for people - and $150 back for a $500 spend is pretty tasty.
https://www.referyourchasecard.com/2/MU4TDQ1N3K
Thanks! Speaking of referrals: if anyone doesn't already have a Chase Freedom, they are offering me $100 for up to 5 people that I send them who spend 500 in the first couple (3?) months and they also give the people $150.
Yep, we should put up a referral link sharing thread, or resurrect one
Chase Freedom is a good "starter" card for people - and $150 back for a $500 spend is pretty tasty.
https://www.referyourchasecard.com/2/MU4TDQ1N3K
We should set up a referral kickback thread. How much are you willing to pay me to use your referral link?
Piggybacking is all well and good, but lets say I facilitate an exchange where TomTX gets a $100 referral bonus, keeps $45, pays $45 to the referral and I keep a $10 matchmaking fee?
Thanks! Speaking of referrals: if anyone doesn't already have a Chase Freedom, they are offering me $100 for up to 5 people that I send them who spend 500 in the first couple (3?) months and they also give the people $150.
Yep, we should put up a referral link sharing thread, or resurrect one
Chase Freedom is a good "starter" card for people - and $150 back for a $500 spend is pretty tasty.
https://www.referyourchasecard.com/2/MU4TDQ1N3K
We should set up a referral kickback thread. How much are you willing to pay me to use your referral link?
Piggybacking is all well and good, but lets say I facilitate an exchange where TomTX gets a $100 referral bonus, keeps $45, pays $45 to the referral and I keep a $10 matchmaking fee?
That sounds awfully complicated. I just try to use links from people I know or have benefited from their posts.
I just requested Credit increases for two Capital One credit cards- one hasn't had a balance for a couple months but was used a bunch before that, and the other I use for my $10 netflix subscription and then pay in full each month. I just used the "request an increase" option from Capitol One's online portal. Both requests were denied, with the explanation that "Recent use of this account's existing credit line has been too low."
In your collective experiences, is it worth calling to ask them to reconsider, or is that just a waste of time? if they ask why you're requesting it do you just say that it's for better credit utilization on your credit report?
If people are looking to sign up for a new Chase card, the Freedom is not a great choice. Much better to use a referral link for the Sapphire Preferred, which has a 50k point bonus (worth $500 minimum) and a waived annual fee for the first year. After 11 months you can call to product change it to a fee-free Freedom.
I just got my first add today after 1.5 months. How do I add them? I was not given the AUs Phone number or address and BoA asks for it. What should i do?
People are getting adds on BofA cards now? My 2 BofA cards are still "Resting"...
What is the minimum age of card that the company will accept? I've got a Barclays that is about 7 months old...
What is the minimum age of card that the company will accept? I've got a Barclays that is about 7 months old...
I surprisingly received an add for a Barclay card that was a little over a year old with a $20k limit. It really just depends on what the customer is willing to pay for I guess.
I figured payments would be a bit late this month, because of the holiday in early July, but so far I still have not seen payment for the May add.
In the past they would hit my account around the 10th or 11th of the months.
Has everyone been paid for May?
Has everyone been paid for May?
Has everyone been paid for May?
I was. Couple weeks ago. The ad was very early in May.
I surprisingly received an add for a Barclay card that was a little over a year old with a $20k limit. It really just depends on what the customer is willing to pay for I guess.
Sweet, I'll add it once it matures to a year and see what happens. Thanks
I got one 77 years old. I was wondering why someone that old needed better credit. 89 is much older than that!
I got one 77 years old. I was wondering why someone that old needed better credit. 89 is much older than that!
Lower rate on a reverse mortgage is the obvious one. Could easily be someone who hasn't used credit in over a decade.
I've read through this and it sounds fairly simple. However, do people only sell the AUs on cards they don't use? I have a Chase card that is 2.5 years old with a $25k credit line and a Elan Financial Card that is 2 years old with a $25k credit line. I use both on a monthly basis and rarely spend more than $4k total per month on both cards (I put everything on these cards including business expenses). Can I use these cards or will that mess with my regular usage? I also have a 7 year old Discover Card with a $7k credit line that I rarely use. It seems like that is the most likely to use for this, but I'm still a bit confused as to why using cards that you don't use regularly are the ones to go with.
Just got my first add (Barclaycard)!
The process was simple and took about 10 minutes over the phone. Here's how my call went.
- Sent me a pin through text message to verify my identity
- Asked for relationship of AU: told her "friend" and she asked if it was a "close friend" and I said yes
- Asked for SSN, DOB, first name, last name, and address
Have people got paid for the AUs added in the month of June, yet?I got the direct deposit on Aug 4th.
I've read through this and it sounds fairly simple. However, do people only sell the AUs on cards they don't use? I have a Chase card that is 2.5 years old with a $25k credit line and a Elan Financial Card that is 2 years old with a $25k credit line. I use both on a monthly basis and rarely spend more than $4k total per month on both cards (I put everything on these cards including business expenses). Can I use these cards or will that mess with my regular usage? I also have a 7 year old Discover Card with a $7k credit line that I rarely use. It seems like that is the most likely to use for this, but I'm still a bit confused as to why using cards that you don't use regularly are the ones to go with.
Is it possible to do this with a Wells Fargo card?
Is it a problem if authorized user's name is misspelled (one letter in the last name is wrong)? All other details seem to be correct including social.
Are you still recommending the company?
I have what I think is an unusual situation. I have been selling lines on my Discover card, currently I have four AUs. Today I got an email from Discover saying my account may have been compromised as part of an external security breach in my account and that they were sending me a new card in 4-7 day. How does this affect my AUs?
Anyone still not had any adds? I signed up 1.5 months ago and haven't heard anything since. High credit limit, card 10+ years old... I'm surprised I haven't gotten any takers yet.
If you have multiple cards, you may want to split them between old and new companies. I am seeing more activity with old company over the past 5-6 months.
If you have multiple cards, you may want to split them between old and new companies. I am seeing more activity with old company over the past 5-6 months.
I am also seeing more activity with old company recently. Cards with both companies are comparable in terms of their CLs and age. I have a couple of cards that will become eligible for sales in the coming months, I have to decide which company to go with now...
You do want to have reportable balances every month on cards you're looking to get AUs on.
Wasn't there a whole sub-forum area for a tradeline company? What happened with that?
Wasn't there a whole sub-forum area for a tradeline company? What happened with that?
I actually just got my first Cap One add yesterday. $20k limit. I have used the card and for a while, my college son was using it for all of his purchases, so the "not being used" doesn't apply to me. You do want to have reportable balances every month on cards you're looking to get AUs on.
I actually just got my first Cap One add yesterday. $20k limit. I have used the card and for a while, my college son was using it for all of his purchases, so the "not being used" doesn't apply to me. You do want to have reportable balances every month on cards you're looking to get AUs on.
It wasn't scaled back due to not using the card. It was scaled back because I didn't use anywhere near my credit limit. I use the card frequently. I just don't charge much to it.
I had an add on June 27 and another add on July 25. I haven't been paid for the June add... seems like I should've but I can't remember the pay frequency.
I had an add on June 27 and another add on July 25. I haven't been paid for the June add... seems like I should've but I can't remember the pay frequency.
Contact the owner. I didn't see the payment for the June add till August 10th, asked here but didn't get any response, so I contacted the owner. He said that they were still working on streamlining the payment process and sent my payment the same day. Received the ACH on 15th.
I haven't had any pending ones not show up as an actual order. A couple of them took quite a while though, weeks maybe.
Can someone PM me the old company? Thanks
My wife's Discover just passed 2 years and it has over a 20k limit, so I was thinking about signing it up. Both of my current cards are with the new company and my Discover has sold four spots (two at a time) since I signed up several months ago, which is pretty good. My Citi Visa card hasn't sold anything, but it has a lower limit (like $11k) although it is 8 years old. You guys think the new company is still the way to go for my wife's card? Thanks!
My wife's Discover just passed 2 years and it has over a 20k limit, so I was thinking about signing it up. Both of my current cards are with the new company and my Discover has sold four spots (two at a time) since I signed up several months ago, which is pretty good. My Citi Visa card hasn't sold anything, but it has a lower limit (like $11k) although it is 8 years old. You guys think the new company is still the way to go for my wife's card? Thanks!
Old TL requires 30K limit or greater. I think new TL is your only option.
Make sure to use these credit cards some, that way there's less of an incentive for them to close your credit card account.
FYI: a credit issuer beginning with the letter "D" recently closed my card. They did not give a reason, and could not elaborate at all when I called to inquire. All they could tell me was that they had made a "business decision" to close the account after a review. I only ever had 2 AUs on this card.
This is cause for alarm? Why would "D" close your account without any explanations?
@arebelspy: Does engaging in the tradelines and adding AUs have any impact? Should others be concerned?
Make sure to use these credit cards some, that way there's less of an incentive for them to close your credit card account.
+1. There is a cost to the CC company to add users, mail cards, field your cards, etc. If this isn't being recouped with credit card usage fees to vendors, they have no financial incentive to continue having you as a user. I heavily use my cards that I have in this program while still maintaining balances below 10%. I hope to be using the cards enough that the CC companies think twice before closing the account.
Make sure to use these credit cards some, that way there's less of an incentive for them to close your credit card account.
+1. There is a cost to the CC company to add users, mail cards, field your cards, etc. If this isn't being recouped with credit card usage fees to vendors, they have no financial incentive to continue having you as a user. I heavily use my cards that I have in this program while still maintaining balances below 10%. I hope to be using the cards enough that the CC companies think twice before closing the account.
I agree that the closure is very weird, and it makes no sense to me that it would be due to piggybacking since I've only had 2 adds... however, I've had this card for over 10 years and I wouldn't say that my usage pattern has changed at all recently. I suppose it could just be a fluke. I was a little surprised and miffed that they couldn't even give me a reason, but I didn't really push it.
Either way, don't care much other than the fact that it's one less card to sell spots on.
Are they not doing Chase cards anymore?
Strange- yesterday I got a phone call for one of the old AUs. Don't know who from. How would they get this number?
Strange- yesterday I got a phone call for one of the old AUs. Don't know who from. How would they get this number?
Woah! How in the world did that happen? Has this happened to anyone else?
Make sure to use these credit cards some, that way there's less of an incentive for them to close your credit card account.
+1. There is a cost to the CC company to add users, mail cards, field your cards, etc. If this isn't being recouped with credit card usage fees to vendors, they have no financial incentive to continue having you as a user. I heavily use my cards that I have in this program while still maintaining balances below 10%. I hope to be using the cards enough that the CC companies think twice before closing the account.
If you really want to piss them off, charge under $1.99 every month. Discover has (haven't verified recently) a "small balance credit" that basically makes the small purchase free. Not really sure why, unless payment processing really costs them $1.99
Just had my discover card credit line terminated under normal account review procedures. It has no reason listed. It just says "our credit decision was based in whole on the information found on your account."
This was the first card I had authorized users put on a few months ago. Seems they are doing an audit. Oh well, there goes one of my oldest accounts. Good thing I have others.
I just added my wife as an authorized user on my Chase Sapphire Preferred card and all they asked for was her name and address. How does a "sold" tradeline get reported to the credit bureaus if they don't ask for a social security number?
I just added my wife as an authorized user on my Chase Sapphire Preferred card and all they asked for was her name and address. How does a "sold" tradeline get reported to the credit bureaus if they don't ask for a social security number?
All of them do ask for SSN except Chase.
Chase, thus, will not report on its own. You need another card that has the same address. Thus when you sell a line on Chase, you have to "pair" it with another card and sell a line there, too, so the Chase will report correctly.
Presumably your wife has the address already on her credit report, so it should report okay for her. For an AU, another card would need to be used in tandum.
Got my first two AUs today. Added without a hitch.
Sent from my Nexus 6P using Tapatalk
With the old company, I have a Discover card at $9500. I have always had my four spots full on that card because it is the cheapest rate for buyers at <$10k limit. I'd try to get right under the next pay threshold.
So $14,999, $19,999, $29,999, or $39,999.
With the old company, I have a Discover card at $9500. I have always had my four spots full on that card because it is the cheapest rate for buyers at <$10k limit. I'd try to get right under the next pay threshold.
So $14,999, $19,999, $29,999, or $39,999.
Wow, that seems like a really good idea. Are you confident that this method works? Maybe i'll try to bump $15,000 CL up to $19,500 or so.
How old is the card if you don't mind me asking?With the old company, I have a Discover card at $9500. I have always had my four spots full on that card because it is the cheapest rate for buyers at <$10k limit. I'd try to get right under the next pay threshold.
So $14,999, $19,999, $29,999, or $39,999.
Wow, that seems like a really good idea. Are you confident that this method works? Maybe i'll try to bump $15,000 CL up to $19,500 or so.
I sell all the spots on that card every month. If the customers have to pay a set amount for any cards under $10k, they are going to pick the ones with the highest limit possible. I assume this will be the case with all brackets if the customers are able to pick the cards from a list.
Yikes. The good times are about to end with Discover it seems like.
It is upsetting to see so many Discover cards being shut down.
This is where I have had all my AUs as my card is very old with a high limit. I recently got approved for a second to Discover card in my maiden name to "season." If my old card gets shut down would my new one be at risk too? It's not old enough for AUs and even though it's in my maiden name obviously the ss# and addresses are the same.
So, What does this Equifax breach mean for this whole strategy? If I choose to freeze my credit does that mean I'm entirely out of this game?
So, What does this Equifax breach mean for this whole strategy? If I choose to freeze my credit does that mean I'm entirely out of this game?
AFAIK, it shouldn't affect anything.
AUs don't show up on your credit report. Selling tradelines does not affect your credit. I don't see why freezing it would prevent you from adding AUs (it just prevents you, or anyone else, from opening new lines in your name that would show up on your credit report).
Anyone feel free to correct me if I'm wrong, but that's my understanding. :)
This may slow down sales, or cause issues for buyers, if they are savvy and freeze their credit. We had one AU not go through because the buyer had a freeze on his credit a few months ago - I think the companies are good at instructing people to remove freezes, but if more people have them, there may a higher incidence of an attempted AU add failing?
As an FYI, I just noticed my Discover is "Resting"
I emailed the owner on Thursday of last week about still not receiving payment for my June add. No response yet. Shouldn't July adds be paid out soon as well? I had one in July too.
How old is the card if you don't mind me asking?With the old company, I have a Discover card at $9500. I have always had my four spots full on that card because it is the cheapest rate for buyers at <$10k limit. I'd try to get right under the next pay threshold.
So $14,999, $19,999, $29,999, or $39,999.
Wow, that seems like a really good idea. Are you confident that this method works? Maybe i'll try to bump $15,000 CL up to $19,500 or so.
I sell all the spots on that card every month. If the customers have to pay a set amount for any cards under $10k, they are going to pick the ones with the highest limit possible. I assume this will be the case with all brackets if the customers are able to pick the cards from a list.
Okay, first time doing a BoA add - for the address, use mine as the address, or the AU's?
Okay, first time doing a BoA add - for the address, use mine as the address, or the AU's?
The AUs. The card will still come to your address (obviously).
FYI, payments for July just hit my account
Yeah, it just means those people have purchased the slot, but it isn't time to add them yet.
Trying to add an AU to my Cap One card.
The company did not give me the AU's phone number, but a phone number is required by Cap One.
Do I enter my own phone number?
E-mailed the company but have not heard back.
Thanks.
Out of curiosity, has anyone hit the limit by Barclays of only allowing you to add ~36 authorized users for the life of the card? I'm curious if there are ways of getting around it.
Out of curiosity, has anyone hit the limit by Barclays of only allowing you to add ~36 authorized users for the life of the card? I'm curious if there are ways of getting around it.
Nope, but you could ask if they could issue you a new card number. That might create a new account with another 36 slots, or it mightn't.
I just noticed that my Elan card is resting now too (along with a discover). Does anyone know if there is an issue with Elan as well?
Never mind. I just saw that Elan was listed in their August 30th email.
Just had my discover card credit line terminated under normal account review procedures. It has no reason listed. It just says "our credit decision was based in whole on the information found on your account."
This was the first card I had authorized users put on a few months ago. Seems they are doing an audit. Oh well, there goes one of my oldest accounts. Good thing I have others.
I received the same notice on my Discover card. Oh well.
Has anyone else had their D card shutdown??Still going strong with D since early 2015.
Noticed something odd about the new company last night. Still haven't been paid for July, but when I view my card, I see 2 new names on the monthly timeline. However I received no alert to add them, and I do not have adding them as a task. No information to add them even if I wanted too. Very odd. I emailed them but have not got a reply. Really odd
Noticed something odd about the new company last night. Still haven't been paid for July, but when I view my card, I see 2 new names on the monthly timeline. However I received no alert to add them, and I do not have adding them as a task. No information to add them even if I wanted too. Very odd. I emailed them but have not got a reply. Really odd
Update: I did get paid, but I logged back in and the new names for me to add were mysteriously not there. My email to the new company was never returned. I maintain that it was odd.
Noticed something odd about the new company last night. Still haven't been paid for July, but when I view my card, I see 2 new names on the monthly timeline. However I received no alert to add them, and I do not have adding them as a task. No information to add them even if I wanted too. Very odd. I emailed them but have not got a reply. Really odd
Update: I did get paid, but I logged back in and the new names for me to add were mysteriously not there. My email to the new company was never returned. I maintain that it was odd.
I think the process is that the new company sells spots on your card to people first and then goes through the process of verifying the AU - they need to be able to pay the new company and provide proof of identity (SSN at least) and pass the identity verification that shows they're not crooks. Probably some - like the ones on your cards - fail that process and the sale is dropped at that point.
Added an AU to my USBank card today. The hold time was 45 minutes, and the rep said that they had a bunch of people adding authorized users today. Interesting.I waited 30 mins tonight on hold just to ask US B a question. I refuse to use them for adding authorized users. Hold times are far too long plus they don’t report to the credit bureaus until the 1st of the month.
Added an AU to my USBank card today. The hold time was 45 minutes, and the rep said that they had a bunch of people adding authorized users today. Interesting.I waited 30 mins tonight on hold just to ask US B a question. I refuse to use them for adding authorized users. Hold times are far too long plus they don’t report to the credit bureaus until the 1st of the month.
Added an AU to my USBank card today. The hold time was 45 minutes, and the rep said that they had a bunch of people adding authorized users today. Interesting.I waited 30 mins tonight on hold just to ask US B a question. I refuse to use them for adding authorized users. Hold times are far too long plus they don’t report to the credit bureaus until the 1st of the month.
I had an immediate pickup from the representative early this morning... Quick and easy.
Signed up for the first time last month, but haven't heard anything since. I guess it might be normal to have lulls, right?
Signed up for the first time last month, but haven't heard anything since. I guess it might be normal to have lulls, right?
I tried to add an AU for citicard over the phone as instructed. I asked the operator to send the card to my address but also add the AU's address so that they have it on file. The operator said that if she adds AU's address she'll have to send the card to him, not to me, otherwise she can't add his address, so I agreed not to add his address, just name, dob and social. Is that a problem? When I added other AUs to the same card before I was able to add a different address and still have the card sent to mine.
I tried to add an AU for citicard over the phone as instructed. I asked the operator to send the card to my address but also add the AU's address so that they have it on file. The operator said that if she adds AU's address she'll have to send the card to him, not to me, otherwise she can't add his address, so I agreed not to add his address, just name, dob and social. Is that a problem? When I added other AUs to the same card before I was able to add a different address and still have the card sent to mine.
The customer service person was wrong. I've had them tell me that before, and I had them go check their documentation to make sure, and they came back and told me that, in fact, it could ONLY go to my address, and they had been mistaken.
Adding an AU using your address has worked for me in the past just fine. They were added and I was paid.
The one potential thing to consider for those who are extremely cautious is that your (presumably home) address will be retrievable on the AU's credit report. You may or may not be concerned that the AU knows where you live.
Adding an AU using your address has worked for me in the past just fine. They were added and I was paid.
The one potential thing to consider for those who are extremely cautious is that your (presumably home) address will be retrievable on the AU's credit report. You may or may not be concerned that the AU knows where you live.
Definitely, it may not be necessary. As long as there's enough information for them to connect it to the AU (name/social/DOB is usually enough), it should be fine without.
When I'm doing an add online for a CC company that doesn't ask for a social, but does ask for an address, I put in their address to have the extra data point (besides name/dob) to make sure it hits their report.
If you do an add online without a SSN though, and put in your address, and there's more than one person with that name/DOB, it may not post on their report correctly. In that case I'd definitely be using their address or calling in and adding the SSN (something you're supposed to do anyways if it doesn't ask for the SSN).
Due to the recent data leak, I went and froze my credit with all 3 credit bureau as a precaution. Does anyone know if this affects my ability to continue to participate in Tradelines?
I've had some problems with my Discover Card. A month ago I was sent a new card over fraud concerns by Discover. Now my statement had two charges to Uber that weren't mine. On the new Discover card I was sent I have a charge for Hulu that I did not make. Anyone else have this experience? Should I rest my Discover? It's really the only one making me money. Also wouldn't it already be too late if they were suspicious?
Hello. has anyone been paid for August adds yet? I have not heard anything nor seen a deposit. Thanks!
Looks like Keith is using a different company:
https://wealthyaccountant.com/2017/10/11/tradelines-the-1000-an-hour-side-gig/
They are going to get bombarded. Lol.
One Last Caution: There are plenty of companies brokering tradelines. I spent serious time reviewing multiple companies to verify I am with a “seasoned” firm. Tradeline Supply Company impressed me and I use them personally. There are other good tradeline companies, too. If you choose a different route, be sure to vet any tradeline company before committing. Make sure the company has been around for a few years and screens their clients adequately. What impresses me most about Tradeline Supply Company is the periodic notes from their specialists outlining issues with certain credit cards.
Looks like Keith is using a different company:
https://wealthyaccountant.com/2017/10/11/tradelines-the-1000-an-hour-side-gig/
They are going to get bombarded. Lol.
Oh jesus.
His readers are about to get *.
I'm familiar with that company. I've tested them out. I've had cards closed because I used them with that company. I've spoken on the phone with them many times. I've met with them in person.
Ultimately, I couldn't recommend them.
It shocks me that he says:QuoteOne Last Caution: There are plenty of companies brokering tradelines. I spent serious time reviewing multiple companies to verify I am with a “seasoned” firm. Tradeline Supply Company impressed me and I use them personally. There are other good tradeline companies, too. If you choose a different route, be sure to vet any tradeline company before committing. Make sure the company has been around for a few years and screens their clients adequately. What impresses me most about Tradeline Supply Company is the periodic notes from their specialists outlining issues with certain credit cards.
I don't know how he calls them "seasoned"--they're literally 6 months old, they started in April.
(Started trying to sell then, at least, but as of May, they still weren't incorporated or actually operating like a business.)
They were operating, last I knew, with no contracts between them and AUs. They don't vet the same way as the companies I recommend, and if there's an audit, you're *.
All I can guess is that because they talk a good talk, and Keith is such a nice guy he trusts them, it sounds like a good referral commission, so he went with them, not doing the full digging and due diligence I do with all the tradeline companies I look into.
I've looked into a LOT. There's a reason why I've been able to recommend two companies, out of probably 8 or so I've looked at in-depth, and another half dozen or so that immediately hit the "NOPE" flags (e.g. allow CPNs) and didn't even bother to dig further.
This company just straight up doesn't vet AUs correctly, or do things in a proper business manner. They're fly-by-night that just started recently, and if you go with them, your odds of getting your cards shut down is MUCH higher, and your odds of regulatory trouble is much higher. There's a reason why the current company hired a person who works for Chase to advise on how to make sure to keep the banks happy on their requirements. The job title of this guy was "Director of Compliance and High Priority Regulatory Matters" at JPMorgan Chase (he sent me a snippet of the guy's resume; quite impressive).
If this isn't done, and there is an audit for fraud, and the company CAN'T prove they are doing everything to verify the people's identities right, you could be at risk.
Keith will make a good amount, but at the expense of his readers.
I'm a big fan of tradelines, if done right. This company is an example of one I looked into, couldn't recommend, and got that sick feeling when I saw he did. Keith is such a good guy, I don't think he's realized what harm can come from using a bad company.
The questions you recommended asking here on this forum were what I asked David.
From what I saw Tradeline Supply Co has been around a few years and were expanding.
They also verify accounts et cetera.
My biggest concern was the number of AUs they want to place on an account.
From what I saw Tradeline Supply Co has been around a few years and were expanding.
David's been selling just his own lines for maybe a year. They have been selling other people's lines since April (naturally they've been expanding... starting from zero any growth is expanding, but they're still much smaller than most tradeline companies).
Hmm... so you can sell your own tradelines directly to the public? hmmm...
I wonder what would happen if I put up a craigslist ad, took the first two responders and added them as AUs. I could charge the same price the tradeline companies are charging ($300-500 each). I could still sell the same number of slots, but make a lot more per slot. Plus, I would have the advantage of meeting the users in person, verifying their SSNs and DOBs myself.
This is David from Tradeline Supply Co. I would love to be able to defend myself in an open forum. If this is acceptable please let me answer questions and don't ban me.
This is David from Tradeline Supply Co. I would love to be able to defend myself in an open forum. If this is acceptable please let me answer questions and don't ban me.
This is David from Tradeline Supply Co. I would love to be able to defend myself in an open forum. If this is acceptable please let me answer questions and don't ban me.
Welcome David! We're glad you're here! I hope you don't feel like you need to "defend" yourself though. Nobody here is really antagonistic, we're just a little confused. Please go ahead and address anything you feel like addressing in the last several posts.
Can we start a separate thread for this other company to keep things simple and straightforward?
we have a major meeting to hire our first employee and get everything that goes along with that in order.
Very odd to me that his reply did not acknowledge anything Joe said in his comment.
.
It's free money but seems there's some that are getting more action thrown there way than some of us. My cards run the gamut of ages and balances.
Here's where I'm at. I signed up in late December with several cards. I've had 2 sales. Both in April.
Considering just offering direct. Does the credit boost last any amount of time after the AU is removed? What is the typical boost from, say, a low, mid, and high level card?
Most of us will continue to get zero unless they find a way to recruit more buyers.
It's the verification that's crucial, expensive, time consuming and easy to skip if you don't care.
[...]
Really want some enterprising Mustachian to start one. Happy to advise. ;) It just needs to be done right.
QuoteIt's the verification that's crucial, expensive, time consuming and easy to skip if you don't care.
[...]
Really want some enterprising Mustachian to start one. Happy to advise. ;) It just needs to be done right.
Did you ultimately decide that it was going to be too much of a time investment to pursue starting a tradeline company? All those posts kind of just disappeared...
any further DPs on Discover closing accounts in Sep/Oct?
This isn't possible in the UK (United Kingdom) / Britain / Europe is it? I have had a search but found no posts which explicitly stated this.
any further DPs on Discover closing accounts in Sep/Oct?
What does DP mean in this sentence?
Discover closed some accounts in an audit, so use of them is on hold for the moment.
Considering just offering direct. Does the credit boost last any amount of time after the AU is removed? What is the typical boost from, say, a low, mid, and high level card?
Considering just offering direct. Does the credit boost last any amount of time after the AU is removed? What is the typical boost from, say, a low, mid, and high level card?
Data point from my niece's husband - added him to several cards of mine not currently enrolled with the TL company to help him raise his credit for a car purchase. I asked my niece to keep me updated on the impact it made. The first card added 150 points to his score, shocking to me that it went up that much. An additional card showed up and it jumped another 28 points. I think there are three left that should be showing up in the next several days, so will be excited to see if there are any additional jumps or if the returns diminish. For what it's worth, he had a 520 score that is now sitting at a 698 - pretty big improvement!
Considering just offering direct. Does the credit boost last any amount of time after the AU is removed? What is the typical boost from, say, a low, mid, and high level card?
Data point from my niece's husband - added him to several cards of mine not currently enrolled with the TL company to help him raise his credit for a car purchase. I asked my niece to keep me updated on the impact it made. The first card added 150 points to his score, shocking to me that it went up that much. An additional card showed up and it jumped another 28 points. I think there are three left that should be showing up in the next several days, so will be excited to see if there are any additional jumps or if the returns diminish. For what it's worth, he had a 520 score that is now sitting at a 698 - pretty big improvement!
it makes sense no one would pay thousands for this if it didnt work well.
Anyone know how you vet a potential new tradeline company? Do you check them out with the Better Business Bureau or something? I've encountered a new company that can take some of my other cards, but I don't know how to screen them.
I just got my first order for a citi card. The instructions said I have to call in for citi, because if I do it online the ssn won't be entered. I called and added the AU, and the citi rep said he was going to send a card to the AU address asap. I requested he send the card to my address instead. I was under the impression the cc company will never ship to the AU address, but he seemed very quick to get it sent to that address?
I just got my first order for a citi card. The instructions said I have to call in for citi, because if I do it online the ssn won't be entered. I called and added the AU, and the citi rep said he was going to send a card to the AU address asap. I requested he send the card to my address instead. I was under the impression the cc company will never ship to the AU address, but he seemed very quick to get it sent to that address?
I just got my first order for a citi card. The instructions said I have to call in for citi, because if I do it online the ssn won't be entered. I called and added the AU, and the citi rep said he was going to send a card to the AU address asap. I requested he send the card to my address instead. I was under the impression the cc company will never ship to the AU address, but he seemed very quick to get it sent to that address?
Yeah, I've had the rep tell me that, and when I asked for clarification he went and checked and apologized and said I was right, it would go to my (primary) address, and that he actually can't send it anywhere else.
Worth checking each time they say it's going to the AU address to ask them to send it to yours, because why not, but it's very very likely unnecessary.
If I had said nothing and the rep tried to send it to the AU address, what is stopping the card from being delivered? Is there something in their system to prevent it from happening, or could he succeed in sending it to the AU?
I added an AU to my Cap One card about a month ago, and still haven't received the card. Should I be worried?
I just got simultaneous removal requests for 2 AUs on a BoA card, and add requests for 2 new people to the same card. How can I do this without getting flagged by BoA?
I added an AU to my Cap One card about a month ago, and still haven't received the card. Should I be worried?
I added an AU to my Cap One card about a month ago, and still haven't received the card. Should I be worried?
How long does it take for an AU to show up on your accounts? I called Citi last night and added an AU right before I posted about it. I am looking at my citi account right now and it is not listing him as an AU. I expected a couple hours, and also expected it might not be reflected until the following business day, but it's now the following business day and it's still not there. I want to verify the name is spelled correctly, and that he is actually added.
How long does it take for an AU to show up on your accounts? I called Citi last night and added an AU right before I posted about it. I am looking at my citi account right now and it is not listing him as an AU. I expected a couple hours, and also expected it might not be reflected until the following business day, but it's now the following business day and it's still not there. I want to verify the name is spelled correctly, and that he is actually added.
My AUs have always shown up immediately, while I'm still on the call. (My card is a Citi.) If you're not seeing yours, I think you should call them back.
How long does it take for an AU to show up on your accounts? I called Citi last night and added an AU right before I posted about it. I am looking at my citi account right now and it is not listing him as an AU. I expected a couple hours, and also expected it might not be reflected until the following business day, but it's now the following business day and it's still not there. I want to verify the name is spelled correctly, and that he is actually added.
My AUs have always shown up immediately, while I'm still on the call. (My card is a Citi.) If you're not seeing yours, I think you should call them back.
I initiated an online chat and citi said they don't have a record of that (they have record of me calling, but not adding AU - they are checking into it). So I called in again and added him. She wasn't able to add him herself, but said a request was sent to a supervisor with all the info and would be processed within 24 hours.
Where does the information go after you confirm an order? Under "customer documents" I have his name, bday, and ssn, but the address is not there. Luckily I googled the address last night out of curiosity and checked it out on various real estate websites, so I just happen to kind of remember the address, enough that googling led me back to the same pictures I saw last night so I know it's the correct address. How to you get that information if you need it again? I guess I should just wait until I see it actually show up in my AU list online before I mark it as done.
How long does it take for an AU to show up on your accounts? I called Citi last night and added an AU right before I posted about it. I am looking at my citi account right now and it is not listing him as an AU. I expected a couple hours, and also expected it might not be reflected until the following business day, but it's now the following business day and it's still not there. I want to verify the name is spelled correctly, and that he is actually added.
My AUs have always shown up immediately, while I'm still on the call. (My card is a Citi.) If you're not seeing yours, I think you should call them back.
I initiated an online chat and citi said they don't have a record of that (they have record of me calling, but not adding AU - they are checking into it). So I called in again and added him. She wasn't able to add him herself, but said a request was sent to a supervisor with all the info and would be processed within 24 hours.
Where does the information go after you confirm an order? Under "customer documents" I have his name, bday, and ssn, but the address is not there. Luckily I googled the address last night out of curiosity and checked it out on various real estate websites, so I just happen to kind of remember the address, enough that googling led me back to the same pictures I saw last night so I know it's the correct address. How to you get that information if you need it again? I guess I should just wait until I see it actually show up in my AU list online before I mark it as done.
I just checked in my portal. The only place I'm seeing the AU's address is in the My Tasks tab, under Need to Remove User. (For some reason, all my AUs are showing up there, even though the remove date is well in the future.) Other than that, if you needed the AU's address, I think you're out of luck.
BUT - I don't think you should ever need the AU's address. Whenever I call to add an AU, they never ask for the address, and I don't offer it. It's another way to ensure the AU doesn't get a card. They do ask for SSN, DOB, and correct spelling of the name, and that has always been enough for the tradeline to post to the AU's credit report.
How long does it take for an AU to show up on your accounts? I called Citi last night and added an AU right before I posted about it. I am looking at my citi account right now and it is not listing him as an AU. I expected a couple hours, and also expected it might not be reflected until the following business day, but it's now the following business day and it's still not there. I want to verify the name is spelled correctly, and that he is actually added.
My AUs have always shown up immediately, while I'm still on the call. (My card is a Citi.) If you're not seeing yours, I think you should call them back.
I initiated an online chat and citi said they don't have a record of that (they have record of me calling, but not adding AU - they are checking into it). So I called in again and added him. She wasn't able to add him herself, but said a request was sent to a supervisor with all the info and would be processed within 24 hours.
Where does the information go after you confirm an order? Under "customer documents" I have his name, bday, and ssn, but the address is not there. Luckily I googled the address last night out of curiosity and checked it out on various real estate websites, so I just happen to kind of remember the address, enough that googling led me back to the same pictures I saw last night so I know it's the correct address. How to you get that information if you need it again? I guess I should just wait until I see it actually show up in my AU list online before I mark it as done.
I just checked in my portal. The only place I'm seeing the AU's address is in the My Tasks tab, under Need to Remove User. (For some reason, all my AUs are showing up there, even though the remove date is well in the future.) Other than that, if you needed the AU's address, I think you're out of luck.
BUT - I don't think you should ever need the AU's address. Whenever I call to add an AU, they never ask for the address, and I don't offer it. It's another way to ensure the AU doesn't get a card. They do ask for SSN, DOB, and correct spelling of the name, and that has always been enough for the tradeline to post to the AU's credit report.
They asked me for the address last night and today. I figured it was required since they sent me the info and the rep asked for it last night. Does the address not matter then? Am I fine just saying that they live at my address? Is it going to be a red flag that I'm claiming all these people are actually at my address or will the cc company not care?
How long does it take for an AU to show up on your accounts? I called Citi last night and added an AU right before I posted about it. I am looking at my citi account right now and it is not listing him as an AU. I expected a couple hours, and also expected it might not be reflected until the following business day, but it's now the following business day and it's still not there. I want to verify the name is spelled correctly, and that he is actually added.
My AUs have always shown up immediately, while I'm still on the call. (My card is a Citi.) If you're not seeing yours, I think you should call them back.
I initiated an online chat and citi said they don't have a record of that (they have record of me calling, but not adding AU - they are checking into it). So I called in again and added him. She wasn't able to add him herself, but said a request was sent to a supervisor with all the info and would be processed within 24 hours.
Where does the information go after you confirm an order? Under "customer documents" I have his name, bday, and ssn, but the address is not there. Luckily I googled the address last night out of curiosity and checked it out on various real estate websites, so I just happen to kind of remember the address, enough that googling led me back to the same pictures I saw last night so I know it's the correct address. How to you get that information if you need it again? I guess I should just wait until I see it actually show up in my AU list online before I mark it as done.
I just checked in my portal. The only place I'm seeing the AU's address is in the My Tasks tab, under Need to Remove User. (For some reason, all my AUs are showing up there, even though the remove date is well in the future.) Other than that, if you needed the AU's address, I think you're out of luck.
BUT - I don't think you should ever need the AU's address. Whenever I call to add an AU, they never ask for the address, and I don't offer it. It's another way to ensure the AU doesn't get a card. They do ask for SSN, DOB, and correct spelling of the name, and that has always been enough for the tradeline to post to the AU's credit report.
They asked me for the address last night and today. I figured it was required since they sent me the info and the rep asked for it last night. Does the address not matter then? Am I fine just saying that they live at my address? Is it going to be a red flag that I'm claiming all these people are actually at my address or will the cc company not care?
I do things the same way solon does. If the CSR asks for an address I just say "Go ahead and use mine" or something casual like that. The CC companies have not yet cared. I think it saves them typing as they can probably just check a box and copy my address over. My mail carrier was confused for a while but has given up caring and just delivers everything. She probably thinks I have a bunch of Armenian immigrants living with me.
So how do you go about ensuring everything was added correctly? I just got notice that an AU was added to my account so I logged in to confirm it. I see the name is correct, but the address is wrong. The ssn is not displayed. I don't think the address should matter (I corrected it anyway), but how do I know they entered the ssn correctly since I can't confirm it myself? I had the rep read the ssn back to me to confirm they recorded it correctly (both times I had to call in to add him), but I also had them read the address back to me and that ended up being wrong. Either they keyed it wrong initially, yet read back the correct version anyway, or they correctly recorded it, but were able to fat finger it after they got off the phone with me. Not sure how it happened, but it does concern me slightly that they still may have keyed the ssn in wrong despite reading it back to me correctly. I guess I'll find out once this tradeline is either successful or unsuccessful.
My Discover card is still resting, which is fine, and finally got paid for my July add, but it was $150 instead of $200... I know this is practically free money, so I hate to complain, but I wish they would get their payment stuff straight.
What's the flaw in this plan?
As a non-FIREd visitor to this board, I imagine the customer service/vetting side of this would not be a flexible enough side-gig. I'd be happy to make decent money trading 2-10 hours a week (as I choose, not as employer demands, mostly evenings and Saturdays); but I don't see how you'd builld a tradeline business operated primarily by employees that fit this profile.What's the flaw in this plan?
FIREd people are not very motivated to trade their limited time for additional money when they already have enough. :-)
I think the flaw is that it just doesn't take many people to run a company like this. (I know because I'm working on building a company of my own.)
So the real question on my mind then, is why aren't we doing this ourselves yet? Why isn't there a mustachians-only tradeline company? We could drastically reduce prices by not paying the third party profit margins, provide a valued service to buyers, provide some part time work to semi-retired members looking to pick up some extra cash, and all get some sales on our cards currently sitting unsold month after month.
Rebs has already incorporated, but lots of us have existing business licenses we could operate under. How about we stop fucking around with all of these other companies and get our collective acts together, and do this ourselves? We start advertising for buyers, we pull our cards from companies that aren't selling them, and we do business with transparently open accounting. Charge less than the competition, do the verifications the right way, and start keeping the profits for ourselves instead of making all of these owners rich.
What's the flaw in this plan?
I think the flaw is that it just doesn't take many people to run a company like this. (I know because I'm working on building a company of my own.)
A tradeline company?
I think the hardest part of the startup would be spending a week writing a business plan that identifies pricing, target markets, supply chain, tax structure, growth plans, and stuff like that. I agree that the operational work is limited. Required startup funds are almost negligible.
I would prefer to structure it as an employed owned company, and distribute any residual profits beyond operating costs to the people who do the work of finding and vetting and tracking all of the sales. Operating costs will require at least a few thousands dollars per year in payroll services and tax prep.
Limit the initial enrollment to something small like the 25 best cards we can scrape up, say 15 years old and $30k limits. Take new cards in batches of 10 if we can grow demand by finding buyers.
Do we need startup funds? Ask the forum who would be willing to pitch in $5k for the promise of $5.5k back in 12 months if the company can turn a profit, or lose it all if we can't. Motivate everyone involved to help us succeed.
Want more sales on your cards? Introduce us to a realtor or mortgage broker you know personally who can use the company's services to help their clients. Help grow the business, and everyone wins.
Question to all: How long did it take for you to get the physical card for the AU mailed to you? Added an AU over two weeks ago but still haven't received the card. Should this be reason for alarm? Thanks!
Question to all: How long did it take for you to get the physical card for the AU mailed to you? Added an AU over two weeks ago but still haven't received the card. Should this be reason for alarm? Thanks!Additionally, some banks apparently don't send one unless you ask for it (or tick the checkbox).
I think Arebelspy looked into this. I think there is a risk that I have not seen discussed which is the AU sellers actually sign up to steal the identity of your AU buyers. If this happens once you are dead and likely getting sued.I see the risk. But it seems like a bad bet for an identity thief to sign up as an AU seller for the purpose of stealing the identity of an AU buyer who likely has a low credit score.
Anyone else having a rough time adding AUs to Citi?
A few days ago I had to make several calls into Citi to get an AU added because they were not showing up when I checked my account online.
And last night I wasted 30 minutes on the phone trying to add an AU, transferred from rep to rep and they told me they kept getting errors. I finally gave up, but will try again later.
Anyone else having a rough time adding AUs to Citi?
A few days ago I had to make several calls into Citi to get an AU added because they were not showing up when I checked my account online.
And last night I wasted 30 minutes on the phone trying to add an AU, transferred from rep to rep and they told me they kept getting errors. I finally gave up, but will try again later.
I think Arebelspy looked into this. I think there is a risk that I have not seen discussed which is the AU sellers actually sign up to steal the identity of your AU buyers. If this happens once you are dead and likely getting sued.I think the risks of getting caught would be too high for a tradeline seller to be directly invoved in identity theft. The tradeline provider could potentially sell AU information on the black market to indirectly be involved in identity theft. If done carefully (secure communication and record keeping, plausible explaination for receipt of funds) they probably could prevent their link to the crime from being discovered.
Anyone else having a rough time adding AUs to Citi?Yes, I added 2, which did not show up.
A few days ago I had to make several calls into Citi to get an AU added because they were not showing up when I checked my account online.
And last night I wasted 30 minutes on the phone trying to add an AU, transferred from rep to rep and they told me they kept getting errors. I finally gave up, but will try again later.
what trade line companies do you guys use?
Has anyone ever bought a tradeline?
8. At this time we are not selling USAA, Chase, or Elan. We are not selling these cards because we strongly believe that these banks are conducting internal audits relating to authorized user accounts. We feel the risk is too high for card closures. This will change in the future when we know the risk has decreased. We will keep you posted.
9. We are selling B of A cards once again. However, this is still one of the highest risk cards for card closure. If you wish to have your B of A reactivated please let me know.
10. We believe the audit has ended for Discover and we can begin selling it again. If you would like to keep your Discover card on "resting" status please let me know. As a reminder Discover usually requires a copy of ID and SS card, these can be found in the portal in the customer profile.
My first sale was added towards the end of August and the card closed in September. I should have been paid at the end of October, correct?
The email ARS referenced above implies you should see a direct deposit by 11/10.
I have 2 cards with the new company now. Both 2 years old. 1 has an 11k limit. The other has a 15k limit. I think the second card is in a more expensive price tier. I have never sold anything on the second card, but the first one sells pretty decently. Should I lower the limit on the second one with the company so it falls into the cheaper tier?
Secondly, just got approved for a card with a 24k limit but its brand new. How soon could i reasonably list it?
I have 2 cards with the new company now. Both 2 years old. 1 has an 11k limit. The other has a 15k limit. I think the second card is in a more expensive price tier. I have never sold anything on the second card, but the first one sells pretty decently. Should I lower the limit on the second one with the company so it falls into the cheaper tier?
Secondly, just got approved for a card with a 24k limit but its brand new. How soon could i reasonably list it?
Usually these cards are supposed to age for at least 3 years. So I'm impressed the new company has sold tradelines for your card that is 2 years old with only an 11k limit.
They aren't taking 12 mo old cards right now unless they have a very high limit, but there are people selling spots on cards < 2 yrs.
They aren't taking 12 mo old cards right now unless they have a very high limit, but there are people selling spots on cards < 2 yrs.
What is the definition of a very high limit?
I have a Capital One card that says "business" on it but appears to be reporting on my personal credit report. Can it be used for piggybacking?
Does anyone have any recommendations for which banks / cards would be better to do this with?
Barclay is the best, IMO.
Does anyone have any recommendations for which banks / cards would be better to do this with?
Right now Discover, Bank of America, Barclays, Citi, and US Bank cards are working. But a lot can change in two years, there are constant changes when certain companies do an audit to watch for activity like this, resulting in the tradeline companies pausing the use of those cards.
...but not remove online. Does anyone have experice with this? I hate to call because I give them opportunity to ask questions and I am not too cool under pressure.
Does anyone know if adding authorized users for tradeline purposes affects my ability to do Chase credit card approvals, under their 5/24 approval/denial policy? I'm very interested in doing another round of Chase Sapphire cards, so I don't want to jeopardize that... yet.It would affect the client's 5/24 status potentially (if you add them to a <24mo old account), but it wouldn't affect yours in any way.
Does anyone know if adding authorized users for tradeline purposes affects my ability to do Chase credit card approvals, under their 5/24 approval/denial policy? I'm very interested in doing another round of Chase Sapphire cards, so I don't want to jeopardize that... yet.Adding an AU does nothing to your credit report. Doesn't show up or affect it in any way.
Does anyone know if adding authorized users for tradeline purposes affects my ability to do Chase credit card approvals, under their 5/24 approval/denial policy? I'm very interested in doing another round of Chase Sapphire cards, so I don't want to jeopardize that... yet.
Anyone else have similar experiences?
I eagerly signed up at the beginning of 2017, but I was only getting sales on an old but low credit limit card. Since they gave users the opportunity to cut prices on better cards, I have not received a sale. It’s been over six months. In all honesty, I’m thinking about closing my account as it seems to be a waste of time. Oh well the whopping $225 I earned was nice.
I eagerly signed up at the beginning of 2017, but I was only getting sales on an old but low credit limit card. Since they gave users the opportunity to cut prices on better cards, I have not received a sale. It’s been over six months. In all honesty, I’m thinking about closing my account as it seems to be a waste of time. Oh well the whopping $225 I earned was nice.
Can you explain what you mean by the bolded bit? Did I miss something?
Holy crap - you're buying $30k worth of gift cards each month???
I do a fair amount of manufactured spend churning Visa Gift Cards either through online portals or for fuel rewards, mostly on my 2% cards with no annual fee.
It's worth about $600/month for 8 Walmart trips every month across a couple of credit cards.
As long as I pay off balances before the payment cycles close would I be OK, or should I get new credit cards to churn gift cards on?
^^well, it's now Thursday and I haven't yet been paid for September adds.
I do a fair amount of manufactured spend churning Visa Gift Cards either through online portals or for fuel rewards, mostly on my 2% cards with no annual fee.For tradeline sales, the balance on the closing date is the important thing. It should be small, but enough above zero to post to the credit report. I don't think a manufactured spending charge that got paid off before the statement closes would be a problem. I'm surprised that you have a manufactured spending system that is worthwhile for anything other than sign up bonus spending thresholds. The pattern others here have talked about here is is 1) open cards with big bonuses, 2) manufacture spending if needed to get the bonus, 3) convert to no fee product before paying annual fee if applicable, 4) offer for tradeline sales if possible after the card ages.
It's worth about $600/month for 8 Walmart trips every month across a couple of credit cards.
As long as I pay off balances before the payment cycles close would I be OK, or should I get new credit cards to churn gift cards on?
Holy crap - you're buying $30k worth of gift cards each month???
yeah, wut? TEACH ME
I do a fair amount of manufactured spend churning Visa Gift Cards either through online portals or for fuel rewards, mostly on my 2% cards with no annual fee.
It's worth about $600/month for 8 Walmart trips every month across a couple of credit cards.
As long as I pay off balances before the payment cycles close would I be OK, or should I get new credit cards to churn gift cards on?
You have to know that you'll get shut down eventually. It's not a sustainable practice. Read flyertalk.
I do a fair amount of manufactured spend churning Visa Gift Cards either through online portals or for fuel rewards, mostly on my 2% cards with no annual fee.
It's worth about $600/month for 8 Walmart trips every month across a couple of credit cards.
As long as I pay off balances before the payment cycles close would I be OK, or should I get new credit cards to churn gift cards on?
You have to know that you'll get shut down eventually. It's not a sustainable practice. Read flyertalk.
Folks have been doing it for years so it has been sustainable. But yeah starting now is late in the game, wells are starting to all dry up. Post office just announced no more gift cards for money orders so Walmart or other grocery stores are the go to. YMMV with WMT though.
Or are you saying that selling tradelines is not sustainable?
You used to be able to buy coins from the US Mint and then deposit the coins in your bank account. Those were the days.
You used to be able to buy coins from the US Mint and then deposit the coins in your bank account. Those were the days.
You used to be able to buy coins from the US Mint and then deposit the coins in your bank account. Those were the days.
It pays to have your finger on the pulse. Used to be "easy" and lucrative to MS, now it appears to be the Golden Age Of Bank Account Bonuses (https://www.doctorofcredit.com/golden-age-bank-account-bonuses-dont-miss/)
Or perhaps it was. We were in for several thousand for the year in bank account bonuses (or like 20% of our retirement spending or something) and then all of a sudden we both started getting declined
Easy come, easy go
^^well, it's now Thursday and I haven't yet been paid for September adds.
September payout just showed up in my account (pending) this morning.
ACH can be slow because it is a "batch" process with a middleman between the banks. The sender cannot accurately predict when the ACH will show up in the recipient's account, nor when the recipient bank will clear it.
https://www.avidxchange.com/ach-vs-wire/
I recently began using Zelle when a friend needed to send me money. It's really easy, and really fast. Typically the payment shows up within seconds on my end (pending, but usable/added to the account balance) and fully clears no later than the next day.
You activate Zelle with your bank and give them an email address or phone number for Zelle. The sender does NOT need your account numbers or routing, they just need the email or phone you gave your bank - and at least with my bank, I used a different email address for Zelle, so the payer doesn't even need to know the email your bank uses to send you alerts/account resets/etc. This also allows you to quickly send money between your own accounts - you just give a different Zelle email to each bank.
Some formerly proprietary quick payment methods (ie ChasePay) are really Zelle now. A large chunk of major and minor banks support it: BoA, Chase, Ally, Citi, Capital One, USAA, US Bank, etc.
I do a fair amount of manufactured spend churning Visa Gift Cards either through online portals or for fuel rewards, mostly on my 2% cards with no annual fee.
It's worth about $600/month for 8 Walmart trips every month across a couple of credit cards.
As long as I pay off balances before the payment cycles close would I be OK, or should I get new credit cards to churn gift cards on?
but you can basically pay off all of the amount due except for like $3so then the statement closes with a $3 balance and reports
Quotebut you can basically pay off all of the amount due except for like $3so then the statement closes with a $3 balance and reports
Make sure it's not a card that gives a credit for small balances, I'd have it closer to $10 for that reason.
Off topic,, but how'd you get paid to offer an opinion on fried chicken?
Holy crap - you're buying $30k worth of gift cards each month???Considerably less. The credit card is not the only source of rewards.
No arbitrage is sustainable in the long term. It gets harder and harder, and then the bubble pops.I do a fair amount of manufactured spend churning Visa Gift Cards either through online portals or for fuel rewards, mostly on my 2% cards with no annual fee.
It's worth about $600/month for 8 Walmart trips every month across a couple of credit cards.
As long as I pay off balances before the payment cycles close would I be OK, or should I get new credit cards to churn gift cards on?
You have to know that you'll get shut down eventually. It's not a sustainable practice. Read flyertalk.
And then there's Flyertalk. But truth be told the real action is now in small groups, either Facebook or Slack. I think I prefer it that way. A lot of manufactured spend depends on the locale.Holy crap - you're buying $30k worth of gift cards each month???
yeah, wut? TEACH ME
reddit.com/r/churning/
Part of the problem with arbitrage is that if everyone knows the deal then things get too efficient and the profit opportunities dry up.
You used to be able to buy coins from the US Mint and then deposit the coins in your bank account. Those were the days.
It pays to have your finger on the pulse. Used to be "easy" and lucrative to MS, now it appears to be the Golden Age Of Bank Account Bonuses (https://www.doctorofcredit.com/golden-age-bank-account-bonuses-dont-miss/)
Or perhaps it was. We were in for several thousand for the year in bank account bonuses (or like 20% of our retirement spending or something) and then all of a sudden we both started getting declined
Easy come, easy go
QuoteYou need to have utilization under 10%, but you can basically pay off all of the amount due except for like $3so then the statement closes with a $3 balance and reports., then pay that off (before it earns any interest).
Is the 10% rule have some post date requirement? I have a very mature card (7+yrs) with a 25K limit but have been using it for a decent portion of my life. I would imagine there are plenty of months where I exceeded the 10%, especially back before it was higher limit.
Thanks! Kinda coming in late here as well, but very intrigued in Tradelines.
Yep.Part of the problem with arbitrage is that if everyone knows the deal then things get too efficient and the profit opportunities dry up.
We call that "the free market" and it's the crowning achievement of modern capitalism.
You used to be able to buy coins from the US Mint and then deposit the coins in your bank account. Those were the days.
It pays to have your finger on the pulse. Used to be "easy" and lucrative to MS, now it appears to be the Golden Age Of Bank Account Bonuses (https://www.doctorofcredit.com/golden-age-bank-account-bonuses-dont-miss/)
Or perhaps it was. We were in for several thousand for the year in bank account bonuses (or like 20% of our retirement spending or something) and then all of a sudden we both started getting declined
Easy come, easy go
I never really got bank bonuses. Sure you get $200, but you tie up 20k for six months. That’s a 2% return
You used to be able to buy coins from the US Mint and then deposit the coins in your bank account. Those were the days.
It pays to have your finger on the pulse. Used to be "easy" and lucrative to MS, now it appears to be the Golden Age Of Bank Account Bonuses (https://www.doctorofcredit.com/golden-age-bank-account-bonuses-dont-miss/)
Or perhaps it was. We were in for several thousand for the year in bank account bonuses (or like 20% of our retirement spending or something) and then all of a sudden we both started getting declined
Easy come, easy go
I never really got bank bonuses. Sure you get $200, but you tie up 20k for six months. That’s a 2% return
There are plenty that require a direct deposit or a bill pay rather than a high balance. I have about $15k set aside to use for bank bonuses, and I've made ~$2k in bonuses this year. The two major issues with it are a lack of scalability (i.e. if I had a partner, I could have used $30k to get a $4k return, but no more) and a limited number of options (the last bonus I completed was in August). The site linked above (Golden Age Of Bank Account Bonuses (https://www.doctorofcredit.com/golden-age-bank-account-bonuses-dont-miss/)) was really helpful to me if you want to learn more. I won't derail this thread any further.
What would expectations be as far as time spent and income (roughly) for credit lines like this:
...
I've never tied up $20K. Most of the time I get around $150 for $500-1000/month direct deposit. That money does not sit there, I use it for my general expenses. Normally there is a $1000 ish sitting there to avoid fees but that is it.You used to be able to buy coins from the US Mint and then deposit the coins in your bank account. Those were the days.
It pays to have your finger on the pulse. Used to be "easy" and lucrative to MS, now it appears to be the Golden Age Of Bank Account Bonuses (https://www.doctorofcredit.com/golden-age-bank-account-bonuses-dont-miss/)
Or perhaps it was. We were in for several thousand for the year in bank account bonuses (or like 20% of our retirement spending or something) and then all of a sudden we both started getting declined
Easy come, easy go
I never really got bank bonuses. Sure you get $200, but you tie up 20k for six months. That’s a 2% return
Was told the money should be in my account today... still nothing. I have not received an add for an AU since the first time I pointed out I wasn't paid back in September. Prior to that I was getting several AUs at least every other month. Coincidence? Possibly... doesn't feel like it though.
Old company is taking Chase again. Do you know if they take AU's SSN over the phone?
Gotcha. I only hold Chase cards so I guess I'm sitting this one out.Yep. Down to just under 400k now, we've been spending them recently without any efforts to accumulate more.
ARS - I think I saw that you had 500K UR's, did you accumulate all of those through churning?
Yep. All the other companies shut down the one card. Chase shuts them all down. I don't personally use Chase for this reason. Even though the rate of closures is low, not worth it to me.
That is my understanding, yes. All your Chase accounts, and I have heard accounts associated with your address (e.g. potentially spouse's accounts). Further, they blacklist you from applying for new accounts, from what I understand.
I cannot confirm this.
I can confirm B of A just shuts down the one card, and this is the same with all other providers; just shut down the one card, and you can still get new accounts with them.
I should know this, but when is the payout? I added two users on October 6th for an October 9th statement closing date. Should I have gotten paid end of November or do they typically go a few days past? It has been a while since I had an add.
I should know this, but when is the payout? I added two users on October 6th for an October 9th statement closing date. Should I have gotten paid end of November or do they typically go a few days past? It has been a while since I had an add.
Whatever you do, do NOT contact them to find out why you haven't been paid because it seems they will vindictively punish you if you're a "problem" account.
I would have thought that I wouldn't get paid until after I was told to remove them as AU. It would seem odd to me to be paid before the 60-90 days was up. I could end up removing them too early whether by accident or not.
Speaking of removing and adding, I see that I apparently have 2 new AUs on one card later this month to replace the current two. Is it wise to remove both in the same day and then add 2 others the next day? I'd think it would better to deal with only one AU at a time (i.e., never add/delete more than 1 per day or at least per call).
As mentioned above by multiple people, we haven't had a single add since we complained about not getting paid one time.
I hate to complain about free money, but I'm disappointed at how things have worked out so far.
I hate to complain about free money, but I'm disappointed at how things have worked out so far.
I don't feel like it's complaining, nor is it free money. You have a contract with them. They are selling access to a product on your behalf.
I just chalk this inconvenience up to each tradeline actually being a few more minutes of work to set calendar reminders and politely follow up with the company. I had to follow up twice last month about a missing payment, but it did finally arrive on 11/20. Still had a sale for December on the same card. FWIW, I think the lack of sales is due to a glut of cardholders overall, not "retribution" for asking about money you're owed.
Just to add my 2 cents..
I think they are small and disorganized. I have had good responses from the owner who seems to also do the accounting.
Just to add my 2 cents..
I think they are small and disorganized. I have had good responses from the owner who seems to also do the accounting.
Added the AU, then a month later, Capital One decided to reduce my credit limit, for literally no reason
Easy money, yes, but also hassle factor is important.
Yeah, all mine are done online (Discover, Cap 1, Barclay, B of A--though B of A's removal is phone).
I have had similar thoughts with citi.Easy money, yes, but also hassle factor is important.
Probably me complaining about free/easy money, but the hassle factor has been enough of a problem enough with Citi that I don't think I want to bother continue to sell TLs on those card. You have to call in, they end up taking a while, putting you on hold, making lots of mistakes, and sometimes randomly drop the AU so it doesn't post. Probably still a decent pay off per hour, but not sure if I care for the hassle.
Prefer to stick to Discover et al that is all online and no real problems.
I have had similar thoughts with citi.Easy money, yes, but also hassle factor is important.
Probably me complaining about free/easy money, but the hassle factor has been enough of a problem enough with Citi that I don't think I want to bother continue to sell TLs on those card. You have to call in, they end up taking a while, putting you on hold, making lots of mistakes, and sometimes randomly drop the AU so it doesn't post. Probably still a decent pay off per hour, but not sure if I care for the hassle.
Prefer to stick to Discover et al that is all online and no real problems.
Has nothing to do with "new company" just the way citi organises things.
I have had a total of 4 adds to citi, 2 at a time. Payout is low, as it's a newer card.
Even when added online AUs don't always show. Calling in takes forever and they don't get what you want...
I have been toying with taking my citi card out of the portal once we are back on the road.
I have also been thinking about just taking the risk and skipping the call in part.
I know ARS often does not add the SSNs. So I could keep Citi on, do what I can online without calling in.
I'll see how the ones I just added a few days ago will post and then take a decision.
I would have thought that I wouldn't get paid until after I was told to remove them as AU. It would seem odd to me to be paid before the 60-90 days was up. I could end up removing them too early whether by accident or not.Turns out I had been paid already for my first 2 adds. I was expecting some kind of notice from them or on their website, which makes it appear I hadn't been paid yet. I assume the add on the other card will be paid in a couple weeks since the closing date for it was about 3 weeks after the first card.
I would have thought that I wouldn't get paid until after I was told to remove them as AU. It would seem odd to me to be paid before the 60-90 days was up. I could end up removing them too early whether by accident or not.
Speaking of removing and adding, I see that I apparently have 2 new AUs on one card later this month to replace the current two. Is it wise to remove both in the same day and then add 2 others the next day? I'd think it would better to deal with only one AU at a time (i.e., never add/delete more than 1 per day or at least per call).
The new company told me that cards had to be 2 yrs old minimum.
The new company told me that cards had to be 2 yrs old minimum.
At this point, they probably have a glut of cards.
I just got my first order for a citi card. The instructions said I have to call in for citi, because if I do it online the ssn won't be entered. I called and added the AU, and the citi rep said he was going to send a card to the AU address asap. I requested he send the card to my address instead. I was under the impression the cc company will never ship to the AU address, but he seemed very quick to get it sent to that address?
My understanding is that it will not work, that they show up because you are also personally liable, but it will not show up for AUs.
Be interesting to test it. Add one of your kids, then check their report free with credit karma or something in a month.
My understanding is that it will not work, that they show up because you are also personally liable, but it will not show up for AUs.
Be interesting to test it. Add one of your kids, then check their report free with credit karma or something in a month.
I added my wife as an AU to my capital one business card and its not appearing on her credit report which is weird since this is the first business card I've owned that has shown up on my credit report.
I'm not sure if this has been discussed yet but I can't find anything on it. Also not sure if I should be starting a new thread, but I suspect I can get my questions answered in here.
Can you start an LLC and open a solo 401k selling tradelines?
Frugalnacho if you're already maxing out your employee 401k deduction at your main job, don't bother going through the hassle of opening up a solo 401k, just do a Sep-ira.
If you're thinking the solo 401k is a way to do after tax contributions for the mega back door roth, that is possible, but given the fee to set that up, i think it only makes sense if you're making a few thousand dollars from the tradelines at the very least.
It seems many here are making a few hundred with tradelines at best, with a few making thousands.
Will they tell you when to remove an AU? I added one back in October, and got paid in December, but don't have a notice to remove them.
Haven't been paid yet this month, wish they'd get better about making payments on time.
New info coming soon for both companies.
New company is dropping rates to be more in line with the industry. They will be sending an email soon, and I'll be posting here soon.
Old company has changed some card requirements and limits.
Possible new recommendation coming soon.
Also new thread likely starting soon, this one is probably long enough.
Probably next week, as I'm currently in a bit of a personal situation with family. Cheers!
While my first 2 adds were paid fine without any notice, I just sent him an email asking when I should expect payment for one of those I just removed.He replied quickly and apologized for the delay. He said my payment should post within 2 days.
Would this income be the type that the new tax bill will allow the 20% pass through?
So how much is everyone making? I got to the game late and only cleared one AU so far, so $75 for me. Got 2 cards with lots of slots just going unused.
If anyone wants some other data-points, wife and I have had 5 cards active on the "old recommendation" since about August, and have had four tradeline sales in that time for roughly $1000 in revenue. Not bad for some clicking around. I had a quick sale on Chase (which was removed after some changes) and no bites since then, wife has had a few more sales on her cards (higher limits and longer credit histories).
I got curious and tallied up today: first four months of this year my wife and I rang up ~$1,000 in sales between the two of us assuming they all pay out (one didn't post).
So relatively consistent dollar wise with what I said before, though last year, we had fewer sales, at higher payout each (before the price was cut).
If that averages out, it's still "free" $3,000 a year. I won't sneeze at that.
That's for about five cards distributed semi randomly between old and new recommendation; we added some new cards, and some cards, i.e. Chase, are no longer being sold. We are pretty lazy, if the card was already getting sales on the old recommendation, we kept it and didn't move over.
Mid year update: exactly $2,000 in sales between wife and I. Not a lot of money but it's free and easy; covers roughly one month of our expenses in retirement so far. Wondering if I killed the goose that lays the golden egg a bit by putting freeze on Discover, will see *shrugs*
FWIW, approximately the same or a bit more from bank bonuses (https://forum.mrmoneymustache.com/share-your-badassity/bank-account-churning-how-to-make-$1600-in-a-year-by-being-organized). Between the two that could cover a good chunk (~20-25%) of our current retirement expenses if we stay thrifty. I don't expect the free money (or the super low expenses) to last for ever, but you don't look a gift horse in the mouth.
So how much is everyone making? I got to the game late and only cleared one AU so far, so $75 for me. Got 2 cards with lots of slots just going unused.
So how much is everyone making? I got to the game late and only cleared one AU so far, so $75 for me. Got 2 cards with lots of slots just going unused.
Three $75 sales in consecutive months at the start of the year. Nothing since. I removed all my cards earlier this month. Not worth my time to be on demand to add someone combined with the tax complications.
Three $75 sales in consecutive months at the start of the year. Nothing since. I removed all my cards earlier this month. Not worth my time to be on demand to add someone combined with the tax complications.
What are the tax complications? Aren't tradesales taxed as plain ol' income?
Three $75 sales in consecutive months at the start of the year. Nothing since. I removed all my cards earlier this month. Not worth my time to be on demand to add someone combined with the tax complications.
What are the tax complications? Aren't tradesales taxed as plain ol' income?
If you're using the company mentioned in this thread, you'll get a 1099 for the income which, depending on how you view it, should be reported as gross income on a Schedule C or on line 21 of Form 1040.
Complications-wise, it is one more form to wait for and enter the data from into TurboTax or whatever you use. It increases AGI, so if you're close to an AGI cliff you need to plan for or accommodate that. If you enter it on Schedule C, you may also need/want to keep track of business expense deductions against that business income (I certainly would consider any annual fees you pay to be business expenses) and enter that into the appropriate places. Finally, if you enter it on Schedule C, it will have the side effect of raising your Social Security benefits by probably a miniscule degree when you collect those, which could put you into a higher tax bracket when you're 70.
Are there any other reasons to regularly use a card that offers inferior rewards?Banks sometimes close accounts that have no activity, so it's probably best to put a token charge on accounts you want to keep active every year or two even if you don't have a TL sale on the card.
Do you regularly charge expenses to cards waiting for a tradeline? I find I spend to meet sign up bonuses, then after that I go with the best rewards which means several of my cards are totally useless. Like my 12 year old BoA card that gets 1.5% cash back with no special categories - why would I ever use that card when I have at least 2 cards already that offer 2%? I'll charge on it as per the guidelines given once I sell a tradeline on it, but not until then.
Do I have any incentive to actually use any of the cards I plan to sell tradelines on? Are there any other reasons to regularly use a card that offers inferior rewards?
I am curious what people think about this Reddit post that describes "Bust-out" scores, creation of "synthetic identities" and cautions against adding unknown authorized users to your accounts:
https://www.reddit.com/r/churning/comments/7jla34/card_shutdowns_and_bustout_score_risk_factors/
This part of the author's post is especially pertinent to the tradeline sales industry:
"I want to add one final caution. The KEY method used in creating synthetic identities for large-scale bust-out fraud is associating the synthetic identity with a real person with a long and established tradeline by adding the synthetic identity as an Authorized User. You should NEVER allow your identity to be linked to someone you do not know through a process such as selling access to a tradeline to a supposed credit repair firm. This has a very high likelihood of linking you a synthetic identity and could pose enormous risks in the future as these webs of fraud are ferreted out using analytical techniques to discover these links."
If you're using the company mentioned in this thread, you'll get a 1099 for the income which, depending on how you view it, should be reported as gross income on a Schedule C or on line 21 of Form 1040.
... If you enter it on Schedule C, you may also need/want to keep track of business expense deductions against that business income (I certainly would consider any annual fees you pay to be business expenses) and enter that into the appropriate places.
If you're using the company mentioned in this thread, you'll get a 1099 for the income which, depending on how you view it, should be reported as gross income on a Schedule C or on line 21 of Form 1040.
... If you enter it on Schedule C, you may also need/want to keep track of business expense deductions against that business income (I certainly would consider any annual fees you pay to be business expenses) and enter that into the appropriate places.
Can you guys help me understand - what are the pros & cons of reporting this tradeline income on Schedule C vs line 21 of Form 1040?
And, what would determine whether it is reported in Schedule C versus line 21 on Form 1040?
(I have very little experience with non-W2 income, so thanks!)
Can you guys help me understand - what are the pros & cons of reporting this tradeline income on Schedule C vs line 21 of Form 1040?
And, what would determine whether it is reported in Schedule C versus line 21 on Form 1040?
(I have very little experience with non-W2 income, so thanks!)
Can you guys help me understand - what are the pros & cons of reporting this tradeline income on Schedule C vs line 21 of Form 1040?
And, what would determine whether it is reported in Schedule C versus line 21 on Form 1040?
(I have very little experience with non-W2 income, so thanks!)
Discussed in more detail on breakout thread: Small Business and Miscellaneous Income Best Practices (https://forum.mrmoneymustache.com/taxes/small-business-and-miscellaneous-income-best-practices/msg1412209/#msg1412209)
Breaks down to ease of filing vs. do you want to deduct business expenses, shelter some income in SEP IRA, solo 401k, etc
Also, you can "get out" of FICA if
a) You have other source of income (like job) that puts you over SS threshold
b) You can use S Corp to split income between salary and investment income, but almost certainly overkill for this, unless you have A LOT of sales
a) You have other source of income (like job) that puts you over SS threshold
Quick question.
When a potential buyer selects a tradeline with a tradeline company, are they able to see the name of the seller before they decide to buy? If so, is it the full name or just the first name with initial? How does it work with the "old" and "new" tradeline companies, any differences?
If buyers can see the name, especially the full name, i have two concerns:
-Privacy (self explanatory).
-For those who have foreign names, some buyers may choose another tradeline because of that, e.g. the name Bill Jones appears more trustworthy than Mohammed iShaq (both are made up names).
Have we concluded that this income does not qualify for the 20% pass-through deduction?
Is there a concise example of who and what kind of businesses will be eligible for the new pass through tax deduction?
I'm betting thats going to require the IRS to fully write their guidelines and publish which probably won't be until end of January.... Does anybody know how long they took in the Bush tax cuts to redefine their rulebook?
Have we concluded that this income does not qualify for the 20% pass-through deduction?
Three $75 sales in consecutive months at the start of the year. Nothing since.
Any updates on payments? like others above I haven't been paid for my Oct or Nov adds.
I also sent an email (as stated in my earlier post) and have received no reply. Maybe we should revive talks of just doing this ourselves
I've been reading the MMM blog for years and shared the information with my three adult children who have also read some of the posts, but this is the first time I've actually ever needed to PM another member.
So, here I am! A "new" member who has probably read every blog post MMM wrote and hundreds of hours worth of forum discussions.
I've been researching various tradelines and there are only three that seem legit. The others have horrible reviews (one has an "F" on the BBB site). Two seem to be the ones recommended in the old TL thread and this new one. I know we can't mention names.
I don't understand the delays in payment, this guy has to be making money hand over fist.
I don't understand the delays in payment, this guy has to be making money hand over fist.
I think it's an administrative problem, rather than lacking the funding.
An update - I added an AU at the beginning and just received payment the beginning of January. I'm happy to get payment but this seems like a very long time.
The KEY method used in creating synthetic identities for large-scale bust-out fraud is associating the synthetic identity with a real person with a long and established tradeline by adding the synthetic identity as an Authorized User. You should NEVER allow your identity to be linked to someone you do not know through a process such as selling access to a tradeline to a supposed credit repair firm. This has a very high likelihood of linking you a synthetic identity and could pose enormous risks in the future as these webs of fraud are ferreted out using analytical techniques to discover these links.
Is no one concerned that these trade lines are likely being used at least in some part by folks to quickly build their credit score and then rack up a bunch of debt and bust-out? The increase in bust outs is what's causing the recent Chase shut downs and freezes.
https://www.reddit.com/r/churning/comments/7jla34/card_shutdowns_and_bustout_score_risk_factors/QuoteThe KEY method used in creating synthetic identities for large-scale bust-out fraud is associating the synthetic identity with a real person with a long and established tradeline by adding the synthetic identity as an Authorized User. You should NEVER allow your identity to be linked to someone you do not know through a process such as selling access to a tradeline to a supposed credit repair firm. This has a very high likelihood of linking you a synthetic identity and could pose enormous risks in the future as these webs of fraud are ferreted out using analytical techniques to discover these links.
I am curious what people think about this Reddit post that describes "Bust-out" scores, creation of "synthetic identities" and cautions against adding unknown authorized users to your accounts:
https://www.reddit.com/r/churning/comments/7jla34/card_shutdowns_and_bustout_score_risk_factors/
This part of the author's post is especially pertinent to the tradeline sales industry:
"I want to add one final caution. The KEY method used in creating synthetic identities for large-scale bust-out fraud is associating the synthetic identity with a real person with a long and established tradeline by adding the synthetic identity as an Authorized User. You should NEVER allow your identity to be linked to someone you do not know through a process such as selling access to a tradeline to a supposed credit repair firm. This has a very high likelihood of linking you a synthetic identity and could pose enormous risks in the future as these webs of fraud are ferreted out using analytical techniques to discover these links."
Oh yes, totally.
This is why it's important to use a good tradeline company. Who verifies their authorized users through actual, in-depth, comprehensive methods.
Fraud is a huge concern. And one most TL companies don't give a crap about, because they can make money allowing anyone to buy TLs.
There's a reason why I've researched 15+ tradeline companies (and narrowed from there to a handful to research in-depth, including talking to the owners of a half-dozen) and can only recommend two.
I think people using other tradeline companies who don't utilize the best (and yes, expensive--we're talking at least $20-$30 per AU, which cuts into profit margins, and why bad companies don't want to do it, along with the effort involved) methods for AU quality control are being foolish.
It's not worth linking to that type of activity for a few hundred bucks. Helping actual people improve their credit scores? Awesome! Possibly adding synthetic identities, or an identity that has been stolen, or someone being manipulated? Terrible, and so not worth it.
It's an industry fraught with risks. So who you use is crucial. I don't research these companies for my own amusement. :)
I'd rather have a few sales from a good company than trying to get more from a bad one, and getting shut down very quickly, and being tied to fraud and risking liability there.
This has been an interesting read. It sounds like the norm is now 1) very slow activity due to low demand and 2) only spotty performance with actual payment when a tradeline is sold. Are these issues universal or is there a minority of squeaky wheels on an otherwise lucrative path?
Those both sound like idiosyncratic issues that could be explained just by the operations capability of one firm. Or is the experience the same for the old recommendation?
GRANT!
We've missed you, old friend.
ARS, did you ever hear back from the owner of #2 about the claims/concerns as mentioned in your recent mod post?
ARS, did you ever hear back from the owner of #2 about the claims/concerns as mentioned in your recent mod post?
Yep, that day. Before the poster edited their post.
I'd guess you or the new company owner are planning on updating us when something reportable happens. As the posts stand now it is somewhat of a cliffhanger for those of us interested in what's happening. Thanks in advance.
I spoke with the owner again about this, he's working on being more timely. The good thing is that no one has ever not been paid for an AU, but yes, some have been delayed (past a reasonable amount even, in my opinion).
Not intentional, just no news to report.
QuoteYou need to have utilization under 10%, but you can basically pay off all of the amount due except for like $3so then the statement closes with a $3 balance and reports., then pay that off (before it earns any interest).
Is the 10% rule have some post date requirement? I have a very mature card (7+yrs) with a 25K limit but have been using it for a decent portion of my life. I would imagine there are plenty of months where I exceeded the 10%, especially back before it was higher limit.
Thanks! Kinda coming in late here as well, but very intrigued in Tradelines.
Just on the months you have an AU on it. The past doesn't matter (except for all on time payments). There's no history of utilization stored on a credit report.
Hello all. I have been a FI blog reader for some time, but recently moreso and stumbled upon Keith the Wealthy Accountant's post and from there, here, where I have done some research. The only forum I have really been active on is r/personalfinace (and some r/financialindependence) as u/ClosertothesunNA (old gaming tag).
I am interested in doing this as a side gig, but a lot of the goings on here (problems with companies and warnings about authorization) leads me to prefer to list my own tradelines for sale, if possible. But there seem to be a few barriers there, and I wonder if I could discuss this with anyone, or post here. I have some specific questions about verifying users and how/whether I should protect my own identity.
It's quite a bit of effort, as well.
Some users are doing it, but most seem to be happy taking the easy money, even if it's less than you could get hustling for your own sales.
The main benefit of this "side gig" is the lack of time it takes. The amount/hour it pays is silly... once you start putting in serious time to making it happen, well, yeah, you make more dollars, but your dollar per hour goes way down.
It may still be more than you make elsewhere though, and worth it to you, but many of us are just collecting the extra easy money, and happy with that level of it.
I haven't had any orders from the new company since November last year. Had a few orders last year prior to that. Is it just me? Are you guys still getting orders?
I haven't had any orders from the new company since November last year. Had a few orders last year prior to that. Is it just me? Are you guys still getting orders?
No orders for me in nearly a year. I've pretty much given up on it.
I haven't had any orders from the new company since November last year. Had a few orders last year prior to that. Is it just me? Are you guys still getting orders?
No orders for me in nearly a year. I've pretty much given up on it.
Same here but I might be on a blacklist cause I didn't want to upload my banking data to an insecure website.
I used the technique mentioned here of shifting credit limits between cards successfully with my two Chase cards. Worked like a charm!
Then I tried to do it with my two Citi cards and the rep told me each card has a CL based on conditions at the time I got the card so I can't reallocate between cards.
One is a Citibank AAdvantage with 53,300k CL and the other is Citi Double Cash with 15k limit. I wanted to move 18k so that one would have 35.3k and the other would have 33k.
(The Double Cash had a CL increase less than 6 months ago, so I couldn't increase it that way.)
She asked if there was anything else she could help me with so I went ahead and asked for a CL increase to 65k on my AAdvantage card. I had been hesitant to increase that one because it already is so ridiculously high, but since she asked and I'd been turned down for a reallocation, I thought why not?
So are you getting a lot of tradeline sales on that 53K credit line Citi AAdvantage card?
....I did have to be bold/confident, because they initially told me it couldn't be done - my answer was that I had already done it on another card)
Anyone else getting credit card offers for an AU? I just got a capital one offer addressed to the AU I added at my address.
Anyone else getting credit card offers for an AU? I just got a capital one offer addressed to the AU I added at my address.
Yes, but definitely a very rare occurrence. I just shred it and don't give it a second thought.
Hello all. I have been a FI blog reader for some time, but recently moreso and stumbled upon Keith the Wealthy Accountant's post and from there, here, where I have done some research. The only forum I have really been active on is r/personalfinace (and some r/financialindependence) as u/ClosertothesunNA (old gaming tag).
I am interested in doing this as a side gig, but a lot of the goings on here (problems with companies and warnings about authorization) leads me to prefer to list my own tradelines for sale, if possible. But there seem to be a few barriers there, and I wonder if I could discuss this with anyone, or post here. I have some specific questions about verifying users and how/whether I should protect my own identity.
I believe most have concluded that path to be too risky.
The deadline for 1099-MISC reporting is Jan 31, I believe? I hope they get them out in a timely fashion, as I like to get my taxes done early.
Anyone else not been paid for November adds yet? Wondering if I should send another follow-up email.
I haven't been paid yet for an October 20 add (posted 11/7).
I'm still waiting on my October add that posted 10/26 . Kinda irritating that they are processing nov adds already and havent gotten to mine.You're not the only one - I haven't been paid for October either. Was told that payment was sent out, but I haven't seen it yet - which means Monday at the earliest.
I finally got an add on one of my Chase cards.
I ha e 100,000 points on that sapphire card
Should I convert those to $?
Will that chase card getting shut down affect my chase Reserve card? I have several hundred thousand points on that one.
AU has not returned a rental car which was due on 12/31/2017, yet. Gist was return the car immediately or the house would be raided by cops/DMV.
Gist was return the car immediately or the house would be raided by cops/DMV.
If you get your front door kicked down in a predawn raid, be sure to come back here to post pictures of the damage. After you make bail, I mean.
AU has not returned a rental car which was due on 12/31/2017, yet. Gist was return the car immediately or the house would be raided by cops/DMV.
If you get your front door kicked down in a predawn raid, be sure to come back here to post pictures of the damage. After you make bail, I mean.
Gist was return the car immediately or the house would be raided by cops/DMV.
If you get your front door kicked down in a predawn raid, be sure to come back here to post pictures of the damage. After you make bail, I mean.
Highly doubt the police get involved in recovering rental cars. Otherwise, why would repo companies exist?
A guy who works at Enterprise told me people fail to return rental cars frequently. They basically stake out the last known address or place of employment, wait until someone leaves the car parked on the street or off private property, and then drive it away with a spare key.
Yeah, that is a weird one.
Naturally any false arrest settlement would put you pretty much instantly FI, but it sure isn't worth it.
I have a mailbox service (www.travelingmailbox.com (http://www.travelingmailbox.com)) since I have no permanent address, and I think that's one big reason why I never get mail for former AUs (they are not authorized to receive mail for those people, just myself and my wife). I've never got a phone call either (I don't know how people's phones are attached to their address anyways, unless it's a landline), and this FedEx package similarly wouldn't happen.
I'd suggest anyone worried about something like this use a mail service for any credit card stuff related to AUs (and write off the expense, of course).
How does this work with Banking? I thought that banks need to have a physical address on file and can't accept a PO Box #.
Yeah, that is a weird one.
Naturally any false arrest settlement would put you pretty much instantly FI, but it sure isn't worth it.
I have a mailbox service (www.travelingmailbox.com (http://www.travelingmailbox.com)) since I have no permanent address, and I think that's one big reason why I never get mail for former AUs (they are not authorized to receive mail for those people, just myself and my wife). I've never got a phone call either (I don't know how people's phones are attached to their address anyways, unless it's a landline), and this FedEx package similarly wouldn't happen.
I'd suggest anyone worried about something like this use a mail service for any credit card stuff related to AUs (and write off the expense, of course).
How does this work with Banking? I thought that banks need to have a physical address on file and can't accept a PO Box #.
I've never got a phone call either (I don't know how people's phones are attached to their address anyways, unless it's a landline)...
Ok, some first hand endorsement of Joe's background checks on TL companies.
With very, very few AUs from the new company, I decided to take a shot at the company who made a thread here. (if the thread is gone...oh well). I put a BoA card on it which has been resting forever, and I could care less if it's closed. Almost immediately, 2 AUs. Wow....this is half of what I got for 2017 with the "new" company. Seemed great. I added the AUs no problem then got the cards in the mail.
Then the email. One of the AUs used a stolen credit card to pay for the tradeline, remove the AU and watch my cc statements. Wonderful. So I closed my account with them. On the plus side, they did pay the AU that was ok.....and they pay more than the new company.
So I'll just stick with companies that have been checked out. Not worth being all stressed out that something could be messed up.
Was the tax form sent by email on listed somewhere on their portal?
Thanks sol. I missed your wit. :)
The other company emails it so I assumed.... Ya know, what happens when you do that.
Anyone ever got an email from the new place saying a AU failed to post? I know I added them on time. Seems odd and wonder what it means
I have had non posting for a Citibank card, sometimes they fail to post correctly.
I have had non posting for a Citibank card, sometimes they fail to post correctly.
Citi doesn't request the AU's SSN when adding so I assume they would be more likely to post incorrectly.
I have had non posting for a Citibank card, sometimes they fail to post correctly.
Citi doesn't request the AU's SSN when adding so I assume they would be more likely to post incorrectly.
For Citi you're much better off calling in to add the A.U. so that the social security is added. Doing it online in which the social security is not required could be problematic and cause the AU new tradeline not to post to the credit report.
I think I'll be bowing out of this. I've made a few bucks, but I can't shake the feeling that both my Barclay cards are going to get shutdown if I don't quit. Plus the new company kinda sucks to deal with. I'll see if I can get my last two sales commissions out of them and then I'm out.
That stuff and the poster above talking about menacing communications from a rental car company from something an AU did....
Good luck all......
Dealing with Citi is a pain in the ass.
Isn't this unethical?
I guess that depends on you. When you add an authorized user, it usually asks what your relationship to the person is, and you choose: Spouse, or Other (some CCs have "Spouse, Child, Other" and similar options..., but there's always an "Other" choice from what I've seen). I, obviously, choose other.
Adding them, or removing them, doesn't require lying, or doing anything illegal. You add someone online, and then call to remove them. I actually did this the other day, I called and said "I have two authorized users on my account I'd like to remove." The customer service lady said no problem, had me verify their names, she confirmed they were removed, I said thanks, have a good day, that was it.
It does potentially violate the credit card company's terms of service, which means they (as a recourse for that violation) can shut down your card. Okay. I obviously don't have a problem with it.
Our credit card system in the U.S. is unique. The credit card companies make billions each year on people paying interest. I'm not too worried about them.
One more perspective--as Meadow Lark said in her journal when someone asked about the ethical implications:
"I don't see it as fraud. It's not illegal. I'm not saying the AU is my kid or my husband - there is no lying. There are a lot of different ethical frameworks people have. Within my framework, this is ethical. It's fine if we disagree. I believe there is nothing wrong with helping other people improve their credit. I believe there is nothing wrong with profiting from a loop hole in a financial system that was designed to foster increased income inequality. I could go on and on, but I don't want to bore you."
If you feel it's unethical, that's fine. It's definitely not worth doing anything you feel is unethical simply for money. Steer clear, in that case. :)
It's tax time. Is everyone planning to file a schedule C (business profit and loss) and a schedule SE (self employment taxes) for all of their tradeline sales?
Is there any way to avoid doing so? Seems like a giant pain for everyone, for such a tiny amount of money.
It's tax time. Is everyone planning to file a schedule C (business profit and loss) and a schedule SE (self employment taxes) for all of their tradeline sales?
Is there any way to avoid doing so? Seems like a giant pain for everyone, for such a tiny amount of money.
Possibly. If you read the last sentence of the instructions for box 7 on Form 1099-MISC, it says you can, under certain criteria, report the income as other income on line 21 of Form 1040.
It is up to you to determine if your facts and circumstances meet those criteria.
It's tax time. Is everyone planning to file a schedule C (business profit and loss) and a schedule SE (self employment taxes) for all of their tradeline sales?
Is there any way to avoid doing so? Seems like a giant pain for everyone, for such a tiny amount of money.
It's tax time. Is everyone planning to file a schedule C (business profit and loss) and a schedule SE (self employment taxes) for all of their tradeline sales?
Is there any way to avoid doing so? Seems like a giant pain for everyone, for such a tiny amount of money.
Earn $599 or less and hope they don't send a 1099?
https://www.irs.gov/businesses/small-businesses-self-employed/am-i-required-to-file-a-form-1099-or-other-information-return
It's tax time. Is everyone planning to file a schedule C (business profit and loss) and a schedule SE (self employment taxes) for all of their tradeline sales?
Is there any way to avoid doing so? Seems like a giant pain for everyone, for such a tiny amount of money.
Right, you still need to declare the income, I was just stating that you will not receive a 1099 if the income was under $600. It's up to you to report the amount of income (easy if it was all post mid-March when the portal was activated, otherwise you'll need to look at your bank statements).
Legally and ethically you are required to report the income.
It's tax time. Is everyone planning to file a schedule C (business profit and loss) and a schedule SE (self employment taxes) for all of their tradeline sales?
Is there any way to avoid doing so? Seems like a giant pain for everyone, for such a tiny amount of money.
Possibly. If you read the last sentence of the instructions for box 7 on Form 1099-MISC, it says you can, under certain criteria, report the income as other income on line 21 of Form 1040.
It is up to you to determine if your facts and circumstances meet those criteria.
If I had a sale in Oct but didn't get paid until Jan, is that 2017 or 2018 income?
As a data point, I received a 1099 from Citi for $400 from the checking account bonus I received.
How do you guys add tradelines for barclaycard? I did it online a couple of times (there is no field to enter SSN) and the tradelines posted. Is it ok to add them online instead of calling barclays even though you don't add SSN?
It's tax time. Is everyone planning to file a schedule C (business profit and loss) and a schedule SE (self employment taxes) for all of their tradeline sales?
Is there any way to avoid doing so? Seems like a giant pain for everyone, for such a tiny amount of money.
Earn $599 or less and hope they don't send a 1099?
https://www.irs.gov/businesses/small-businesses-self-employed/am-i-required-to-file-a-form-1099-or-other-information-return
That’s called “tax evasion” and it’s a crime.
Or to address your central point more directly: yes, that is also tax evasion.
I made $500 from 3 AUs added in 2017. I am waiting for a 1099 form. I could have had two more adds in 2017.
all those who are filling out schedule C's should be opening SEP IRA's to defer 20% of the taxes.
and in 2018 we'll all be able to get a 20% tax break on top of that due to the new tax cuts.
all those who are filling out schedule C's should be opening SEP IRA's to defer 20% of the taxes.
and in 2018 we'll all be able to get a 20% tax break on top of that due to the new tax cuts.
Agreed! I recommend a SEP with Schwab, was easy to open and has no minimums or fees. I just sent off my 2017 contribution on Saturday.
all those who are filling out schedule C's should be opening SEP IRA's to defer 20% of the taxes.
and in 2018 we'll all be able to get a 20% tax break on top of that due to the new tax cuts.
Agreed! I recommend a SEP with Schwab, was easy to open and has no minimums or fees. I just sent off my 2017 contribution on Saturday.
Does it work if you have a job and earned income in addition to income from tradelines? Also, if you already contribute to 401K and ROTH IRA?
all those who are filling out schedule C's should be opening SEP IRA's to defer 20% of the taxes.
and in 2018 we'll all be able to get a 20% tax break on top of that due to the new tax cuts.
all those who are filling out schedule C's should be opening SEP IRA's to defer 20% of the taxes.
and in 2018 we'll all be able to get a 20% tax break on top of that due to the new tax cuts.
I asked this in a thread in the Tax forum, but could you open a Simple IRA instead? Those have a $12,500 limit that I think is separate from tIRA and Roth Iras. If so, I could just throw all of my tradeline income into one instead of just 20% of it into my SEP. I admit I don't know much about Simple IRAs, it seems there are some weird contributions rules that you need to choose from.
Here is the link I was looking at: https://www.irs.gov/retirement-plans/simple-ira-tips-for-the-sole-proprietor
As long as you don't have a 401(k). They are subject to the same limit according to a tax expert that posted here.
How much can you contribute to a SEP if you maxed out your 401K contributions for 2017?As long as you don't have a 401(k). They are subject to the same limit according to a tax expert that posted here.
I see, I knew there had to be a catch. Guess I'll stick with my SEP then.
My original agreement from last year was to be paid $250 per AU.
Looks like I only got $200.
Can he just change it like that if we had an agreement?
How much can you contribute to a SEP if you maxed out your 401K contributions for 2017?As long as you don't have a 401(k). They are subject to the same limit according to a tax expert that posted here.
I see, I knew there had to be a catch. Guess I'll stick with my SEP then.
And can you get a tax deduction on a SEP?
My original agreement from last year was to be paid $250 per AU.
Looks like I only got $200.
Can he just change it like that if we had an agreement?
No.
Contact the owner and let him know about the error.
If you don't get a response after a bit, contact me.
They are planning on dropping the prices paid to be more in line with the industry (they currently pay the highest prices, and it's not sustainable as the prices charged to AUs for tradelines has dropped over the last year), but not until all payments are caught up.
This will be announced ahead of time, and you will have the opportunity to remove your cards from availability if you don't want to continue selling them at those prices.
You should always be paid at the rate that was agreed upon ahead of time.
:)
SEP is considered from employer portion, so yes, assuming you haven't hit the limit for all employer contributions which is something ridiculous like $50k..Actually the 54K limit is per-employer. So if you've got a very generous employer and a big side business, you could get $108K, as an example.
My Discover got shut down yesterday as well :(
I had a limit of 2 users, but I guess Discover is still not safe to use!
My Discover Card was just shut down as well.
I used the card monthly and always activated and used the AU cards.
The company portal appears to be down. Anybody else able to get in?
Got an update from the owner with a much encouraging progress on the late payments: All November payments have been made, and about 1/3 of the December (due 9 days ago). Hopefully should be all caught up this month.
PM me if you did not yet receive payment for an AU add that posted in November.
The company portal appears to be down. Anybody else able to get in?
Down for me too. Times out on some sort of SQL database connection request.
How can they even know it's a tradeline if it's only one AU? I've added family members with different last names as AU on accounts (not on discover though). Seems ridiculous they would cancel the card for adding a single AU. What's the point of them even allowing AU if that's gonna be their policy?
Has anybody been instructed to leave an AU on for longer because they "purchased an extra month"? I'm just wondering if this counts as another sale and I should expect to get paid for it, or not.
How can they even know it's a tradeline if it's only one AU? I've added family members with different last names as AU on accounts (not on discover though). Seems ridiculous they would cancel the card for adding a single AU. What's the point of them even allowing AU if that's gonna be their policy?
If I was a credit card company, I'd be looking at ways to identify fraudulent (paid stranger) AUs. I can think of several different ways to do that.
CCs already have a vast store of knowledge about you. They can probably identify your ten closest relatives already, despite some of those people having different names. I'd look at your usage history on my company's card and all of your other cards, because it seems unlikely an ordinary user would add and then immediately remove 6-10 AUs per card in a year. Then I'd look at geographic proximity, because you're more likely to personally know somebody in your town than you are someone in Iran. I'd also keep a database of known fraudulent AUs, by name and SS and the CC used to purchase the slot, because while some of these purchasers are probably legitimate Americans in need of credit repair, others are apparently international crime syndicates and hackers who buy these things as part of a larger enterprise.
If it was really important to me, and none of those were working, I'd just pay the tradeline company directly for information about their adds. Money talks.
What part of the paid tradelines process is fraudulent?
Its going to a take a lot of money for a tradeline company to provide all of their AU cardholders and forfeit their future income streams. This could also have potential legal implications due to a third party sharing private information without consent.
I have a problem. Was late adding an AU, and the task disappeared on me. I emailed Erica asking for DOB, SSN, and address. She emailed (in plaintext!) the first 2 back to me, but no address. So Now I've been calling the office, emailing, etc, since noon trying to get hold of her without a response.OK, I figured things out. I can remove the person from the card in the history section and they become visible again in the card history. Then I can get the information into Discover.
Is there anything I can do in the next 1 hour 45 minutes I haven't done?
They seem to routinely delay payments, or pay lower amounts than promised. They offer you advice on how to lie on the phone to the credit card reps. There is no transparency around why some of us are making $25k and some $300 per year on the same number of cards. Prices appear to be secretly negotiable. The tax reporting is kind of on the honor system. We know that some of the AUs are buying slots with stolen credit card numbers. The whole thing is very slightly shady, right? I mean I'm still doing it, I'm just not ignoring the warning signs here.
What part of the paid tradelines process is fraudulent?
The part where you claim the AU is personally known to you. It's a tiny white lie, but it's still a lie.
I received my 1099-MISC for 2017 and did not open it right away as I am in the middle of moving. It is for exactly double the amount of money that they paid me for 2017. I have sent them a e-mail requesting they send me a corrected 1099.
Be sure that what your received from them is for the correct amount you earned.
I received my 1099-MISC for 2017 and did not open it right away as I am in the middle of moving. It is for exactly double the amount of money that they paid me for 2017. I have sent them a e-mail requesting they send me a corrected 1099.
Be sure that what your received from them is for the correct amount you earned.
Anyone else get a 1099-MISC? Are they filing these with IRS or just issuing to us? I've got a big refund coming so I'd like to file as soon as possible, but I don't want to file with one number and have them submit a different, incorrect, number to the IRS. Odds that I can file with my actual payment data and not get flagged by IRS?
I received my 1099-MISC for 2017 and did not open it right away as I am in the middle of moving. It is for exactly double the amount of money that they paid me for 2017. I have sent them a e-mail requesting they send me a corrected 1099.
Be sure that what your received from them is for the correct amount you earned.
Anyone else get a 1099-MISC? Are they filing these with IRS or just issuing to us? I've got a big refund coming so I'd like to file as soon as possible, but I don't want to file with one number and have them submit a different, incorrect, number to the IRS. Odds that I can file with my actual payment data and not get flagged by IRS?
If you get a 1099, there's no reason it wouldn't also be filed wih the IRS.
I received my 1099-MISC for 2017 and did not open it right away as I am in the middle of moving. It is for exactly double the amount of money that they paid me for 2017. I have sent them a e-mail requesting they send me a corrected 1099.
Be sure that what your received from them is for the correct amount you earned.
Anyone else get a 1099-MISC? Are they filing these with IRS or just issuing to us? I've got a big refund coming so I'd like to file as soon as possible, but I don't want to file with one number and have them submit a different, incorrect, number to the IRS. Odds that I can file with my actual payment data and not get flagged by IRS?
Just got 2 more adds on my citi card. I called the rep to add them yesterday, but neither one is showing up on my account as an AU yet. I really hope I don't have to call in a second time to add them, again.
What was the consensus on how to report the income with no 1099? I made $75 last year. Where do I add it to my tax return?
Just got 2 more adds on my citi card. I called the rep to add them yesterday, but neither one is showing up on my account as an AU yet. I really hope I don't have to call in a second time to add them, again.
What was the consensus on how to report the income with no 1099? I made $75 last year. Where do I add it to my tax return?
Just got 2 more adds on my citi card. I called the rep to add them yesterday, but neither one is showing up on my account as an AU yet. I really hope I don't have to call in a second time to add them, again.
What was the consensus on how to report the income with no 1099? I made $75 last year. Where do I add it to my tax return?
Just checked online and no AU are added. I called back in, got transferred to fraud prevention and had to re verify my account. Then I readded the 2 AU. He assured me they are on the account, although when I checked online afterwards it didn't show them. I guess I'll just check back tomorrow. Kind of ridiculous if I have to call in a third time to add them though.
Are there time lines I should be worried about? Both these citi orders were placed before my cards closing date, and I tried to add them unsuccessfully multiple times before the closing date. Now the closing date has passed, so if I am still able to add them now it won't be reported to the credit bureau for another month.
I'm thinking of selling tradelines, but 95% of my accounts are with Chase. From the research here, I've read that Chase is the most likely to cancel ALL credit cards at one time and the most risky.
My biggest concern with having Chase cards cancelled is losing all the rewards points I've accumulated. Does anyone knows if Chase will also cancel business credit cards along with all the personal credit card? My thought process here is I could transfer all my rewards points to the business card if it's a way to shield the points.
Anyone have any thoughts on this?
I'm thinking of selling tradelines, but 95% of my accounts are with Chase. From the research here, I've read that Chase is the most likely to cancel ALL credit cards at one time and the most risky.
My biggest concern with having Chase cards cancelled is losing all the rewards points I've accumulated. Does anyone knows if Chase will also cancel business credit cards along with all the personal credit card? My thought process here is I could transfer all my rewards points to the business card if it's a way to shield the points.
Anyone have any thoughts on this?
I'm thinking of selling tradelines, but 95% of my accounts are with Chase. From the research here, I've read that Chase is the most likely to cancel ALL credit cards at one time and the most risky.
My biggest concern with having Chase cards cancelled is losing all the rewards points I've accumulated. Does anyone knows if Chase will also cancel business credit cards along with all the personal credit card? My thought process here is I could transfer all my rewards points to the business card if it's a way to shield the points.
Anyone have any thoughts on this?
Still unable to add them, I think citi's AU adding mechanism is fucked up. I can't view my AU on the website or the mobile app, it just gives me an error.
Are there time lines I should be worried about? Both these citi orders were placed before my cards closing date, and I tried to add them unsuccessfully multiple times before the closing date. Now the closing date has passed, so if I am still able to add them now it won't be reported to the credit bureau for another month.
I'm thinking of selling tradelines, but 95% of my accounts are with Chase. From the research here, I've read that Chase is the most likely to cancel ALL credit cards at one time and the most risky.
My biggest concern with having Chase cards cancelled is losing all the rewards points I've accumulated. Does anyone knows if Chase will also cancel business credit cards along with all the personal credit card? My thought process here is I could transfer all my rewards points to the business card if it's a way to shield the points.
Anyone have any thoughts on this?
Bad news, my bank of america credit card was closed. It had a credit limit of $30,000. I had been with bank of america for 15 years. My credit score after this was closed by BOA dropped about 40 points from 830 to 790. Just a word of caution. For me I am not attempting to get anything with credit in the near future. But anyone who is trying to buy a house or buy anything with credit may be ultimately detrimentally affected.
Anybody been paid or not for December adds? I try to be patient...
Bad news, my bank of america credit card was closed. It had a credit limit of $30,000. I had been with bank of america for 15 years. My credit score after this was closed by BOA dropped about 40 points from 830 to 790. Just a word of caution. For me I am not attempting to get anything with credit in the near future. But anyone who is trying to buy a house or buy anything with credit may be ultimately detrimentally affected.
I registered two card back in late January:
- Barclay Mastercard, 2 years old, $20.5k limit
- Discover, 3 years old, $10.5k limit
They have not contacted me at all to add an AU to either of these cards......so I have made no money.
Any advice? Or do I just wait it out and hope they sell one of my slots soon?
FJ
Bad news, my bank of america credit card was closed. It had a credit limit of $30,000. I had been with bank of america for 15 years. My credit score after this was closed by BOA dropped about 40 points from 830 to 790. Just a word of caution. For me I am not attempting to get anything with credit in the near future. But anyone who is trying to buy a house or buy anything with credit may be ultimately detrimentally affected.
Bad news, my bank of america credit card was closed. It had a credit limit of $30,000. I had been with bank of america for 15 years. My credit score after this was closed by BOA dropped about 40 points from 830 to 790. Just a word of caution. For me I am not attempting to get anything with credit in the near future. But anyone who is trying to buy a house or buy anything with credit may be ultimately detrimentally affected.
My BofA card closed in January (20k limit and 13 yrs old). It now shows closed (canceled by credit grantor) on my credit report but my score hasn't budged. I only regret it will not be making me any more money.
My advice is if you don't want your BofA card closed then retire it. I only had 3 AUs added over the course of a year. I never even bothered to remove 2 of the AUs. How they closed it for irregular AU activity is beyond me. Since it isn't volume it must be related to the unrelated names and there non local addresses?
Bad news, my bank of america credit card was closed. It had a credit limit of $30,000. I had been with bank of america for 15 years. My credit score after this was closed by BOA dropped about 40 points from 830 to 790. Just a word of caution. For me I am not attempting to get anything with credit in the near future. But anyone who is trying to buy a house or buy anything with credit may be ultimately detrimentally affected.
My BofA card closed in January (20k limit and 13 yrs old). It now shows closed (canceled by credit grantor) on my credit report but my score hasn't budged. I only regret it will not be making me any more money.
My advice is if you don't want your BofA card closed then retire it. I only had 3 AUs added over the course of a year. I never even bothered to remove 2 of the AUs. How they closed it for irregular AU activity is beyond me. Since it isn't volume it must be related to the unrelated names and there non local addresses?
I put the address as my own.
I registered two card back in late January:
- Barclay Mastercard, 2 years old, $20.5k limit
- Discover, 3 years old, $10.5k limit
They have not contacted me at all to add an AU to either of these cards......so I have made no money.
Any advice? Or do I just wait it out and hope they sell one of my slots soon?
FJ
UPDATE: I've been a member of the site for over 1 year, and have gotten ZERO sales. is this normal?
My FICO just went up to 844, so I would LOVE to make some money doing this.
FJ
Bad news, my bank of america credit card was closed. It had a credit limit of $30,000. I had been with bank of america for 15 years. My credit score after this was closed by BOA dropped about 40 points from 830 to 790. Just a word of caution. For me I am not attempting to get anything with credit in the near future. But anyone who is trying to buy a house or buy anything with credit may be ultimately detrimentally affected.
My BofA card closed in January (20k limit and 13 yrs old). It now shows closed (canceled by credit grantor) on my credit report but my score hasn't budged. I only regret it will not be making me any more money.
My advice is if you don't want your BofA card closed then retire it. I only had 3 AUs added over the course of a year. I never even bothered to remove 2 of the AUs. How they closed it for irregular AU activity is beyond me. Since it isn't volume it must be related to the unrelated names and there non local addresses?
I put the address as my own.
Bad news, my bank of america credit card was closed. It had a credit limit of $30,000. I had been with bank of america for 15 years. My credit score after this was closed by BOA dropped about 40 points from 830 to 790. Just a word of caution. For me I am not attempting to get anything with credit in the near future. But anyone who is trying to buy a house or buy anything with credit may be ultimately detrimentally affected.
My BofA card closed in January (20k limit and 13 yrs old). It now shows closed (canceled by credit grantor) on my credit report but my score hasn't budged. I only regret it will not be making me any more money.
My advice is if you don't want your BofA card closed then retire it. I only had 3 AUs added over the course of a year. I never even bothered to remove 2 of the AUs. How they closed it for irregular AU activity is beyond me. Since it isn't volume it must be related to the unrelated names and there non local addresses?
I put the address as my own.
How do you put your own address? The card site says you're should put the address they give you. Does that not really matter?
I registered two card back in late January:
- Barclay Mastercard, 2 years old, $20.5k limit
- Discover, 3 years old, $10.5k limit
They have not contacted me at all to add an AU to either of these cards......so I have made no money.
Any advice? Or do I just wait it out and hope they sell one of my slots soon?
FJ
UPDATE: I've been a member of the site for over 1 year, and have gotten ZERO sales. is this normal?
My FICO just went up to 844, so I would LOVE to make some money doing this.
FJ
Bad news, my bank of america credit card was closed. It had a credit limit of $30,000. I had been with bank of america for 15 years. My credit score after this was closed by BOA dropped about 40 points from 830 to 790. Just a word of caution. For me I am not attempting to get anything with credit in the near future. But anyone who is trying to buy a house or buy anything with credit may be ultimately detrimentally affected.
My BofA card closed in January (20k limit and 13 yrs old). It now shows closed (canceled by credit grantor) on my credit report but my score hasn't budged. I only regret it will not be making me any more money.
My advice is if you don't want your BofA card closed then retire it. I only had 3 AUs added over the course of a year. I never even bothered to remove 2 of the AUs. How they closed it for irregular AU activity is beyond me. Since it isn't volume it must be related to the unrelated names and there non local addresses?
I put the address as my own.
How do you put your own address? The card site says you're should put the address they give you. Does that not really matter?
Where? I thought other users posted they've used their own address. Seemed easier than giving out 2 suspicious out of state addresses.
What's the difference between using my address and the one provided?
Where? I thought other users posted they've used their own address. Seemed easier than giving out 2 suspicious out of state addresses.
Some credit cards allow you to add AU's online via a form. Presumably that is where the previous poster is referring to entering the AU's address.What's the difference between using my address and the one provided?
Advantages of adding the AU with your address:
1. It's faster and easier during the adding process.
2. The CC CSR will be less suspicious, so the add is more likely to be processed.
Advantages of adding the AU with the AU's address:
1. The AU is more likely to be added successfully at the credit bureau because there is an additional piece of matching data.
2. The AU will not know your name or where you live.
3. Any repo men will go to the AU's address and not yours.
Personally I make the decision on the fly based on how suspicious the CSR is and whether or not they ask me if I want to add the AU address.
Where? I thought other users posted they've used their own address. Seemed easier than giving out 2 suspicious out of state addresses.
Some credit cards allow you to add AU's online via a form. Presumably that is where the previous poster is referring to entering the AU's address.What's the difference between using my address and the one provided?
Advantages of adding the AU with your address:
1. It's faster and easier during the adding process.
2. The CC CSR will be less suspicious, so the add is more likely to be processed.
Advantages of adding the AU with the AU's address:
1. The AU is more likely to be added successfully at the credit bureau because there is an additional piece of matching data.
2. The AU will not know your name or where you live.
3. Any repo men will go to the AU's address and not yours.
Personally I make the decision on the fly based on how suspicious the CSR is and whether or not they ask me if I want to add the AU address.
The first one I added (back in october) I used the AU address. I gave it to the rep over the phone. Recently I added 2 more AU, and when the rep got to the address section the inflection of her voice made me feel like she was leading me to use my own address instead of a different one. Perhaps she knew what was up and just didn't feel like typing out 2 addresses. So I just went along with it and said to use my address. It was something along the lines of "...Do you have a SSN you'd like to add. Ok what is that? Thanks. And what about an address...should I just use your current address on file?"
Does the TL company want me to use their address though? They do provide it for me. I always have the rep read back the name (and spell it) and the SSN so I know it's correct. And since I've dealt only with citi so far I end up calling 2-3 times each time I have to add an AU.
(I will say parenthetically that I've never added a Citi AU and I've never had the problems you describe, so I think Citi just is bad at this AU stuff. I've had good luck with other CC companies and have only failed to add an AU one time, which I think was due to the CC company's computer system not wanting to have more than 2 AUs at a time. The rest have been added in a single phone call without any issues.)
Did anyone else receive an email from Erica at the new company to share some documents? The email wants my google password, I am not sure I want to sign in with google why can't they just do it at the portal?
Anyone know what documents these are?
I thought this was some sort of tax form and signed in to my yahoo email. I changed the password shortly after when I realized it wasn't. Also ran a virus scan. Anything else I should do?
I clicked the link, but did not enter any information. I'm OK right?Most likely. The link may have been crafted so that they know that it came from YOUR email, which makes it more valuable on SPAM lists.
If you clicked on a link in your email, you're potentially compromised and should probably stop using that computer temporarily. (Disconnect it from the internet so he can't use it for a botnet or cryotocurrency mining, then change all of your passwords using a different machine.)Compromise based simply on clicking a link is unlikely, but may possible depending on your browser (in)security. Code on the destination page could attempt to find security flaws in your browser, operating system, or other devices on your home network. Many consumer routers ship with easy to guess default credentials - if the attacker can change your router settings, they can open up your home network to attacks from the outside and direct any of your network traffic through networks that the attacker controls.
Depending on how complicated the hack is, visiting an email link can potentially give a hacker full remote access to your computer, which he can use to harvest your passwords to other accounts, monitor your activity, or encrypt your hard drive to ask for ransom (probably in bitcoin!).
I also got the phishing attempt from erica.
I stupidly clicked on the link in the email but it looked likea broken link to nowhere.
not very happy.
i never receied any email from the company regarding the phishing attempt.
My Discover got shut down yesterday as well :(
I had a limit of 2 users, but I guess Discover is still not safe to use!
Disappointing to read about these Discover card account closings because I reliably sell 1-2 slots (max is 2 for me) every month via TL co. #1 (and have done so for the past two years). I would really like to know what flags trigger an audit by Discover... Perhaps it's random. Card use or lack therof? Activation (or not) of AU's card after you receive it? I use my Discover card regularly for Amazon purchases -- don't know if this factors in or not.
Anyone hear anything from either of Tradeline companies about the Discover shutdowns? Did anyone who got their card shut down communicate the shutdown to the company? Usually there is a note sent out when cards are getting shut down, or cards are rested, etc. but I haven't seen anything. I just had a discover sale, so far no shutdown, but keeping fingers crossed...
If the CC takes SSN, you can probably skip address. It may not match and you won't be paid...
Barclays does not take SSN on web site so I input the address. However, BC seems to be very lax...
If the CC takes SSN, you can probably skip address. It may not match and you won't be paid...
Barclays does not take SSN on web site so I input the address. However, BC seems to be very lax...
Citi website does not have SSN either, so you have to call in. Are you sure you're not supposed to call in to Barclays to put in SSN? I was under the impression the SSN is the most important piece of information and must be added (which is why I have to call citi instead of doing it online).
I just got an add on my BoA card. BoA lets me add everything online myself, which is so much easier. I don't understand why all cc companies don't let us just add AU directly with all the info via web page. When I call it in that's all the rep is doing is just typing the information I give them, except there is potential for errors since we are literally playing telephone.
If the CC takes SSN, you can probably skip address. It may not match and you won't be paid...
Barclays does not take SSN on web site so I input the address. However, BC seems to be very lax...
Citi website does not have SSN either, so you have to call in. Are you sure you're not supposed to call in to Barclays to put in SSN? I was under the impression the SSN is the most important piece of information and must be added (which is why I have to call citi instead of doing it online).
If the CC takes SSN, you can probably skip address. It may not match and you won't be paid...
Barclays does not take SSN on web site so I input the address. However, BC seems to be very lax...
Citi website does not have SSN either, so you have to call in. Are you sure you're not supposed to call in to Barclays to put in SSN? I was under the impression the SSN is the most important piece of information and must be added (which is why I have to call citi instead of doing it online).
You are supposed to. All of my BC adds have worked without SSN. I'm being lazy..
If the CC takes SSN, you can probably skip address. It may not match and you won't be paid...
Barclays does not take SSN on web site so I input the address. However, BC seems to be very lax...
Citi website does not have SSN either, so you have to call in. Are you sure you're not supposed to call in to Barclays to put in SSN? I was under the impression the SSN is the most important piece of information and must be added (which is why I have to call citi instead of doing it online).
I just got an add on my BoA card. BoA lets me add everything online myself, which is so much easier. I don't understand why all cc companies don't let us just add AU directly with all the info via web page. When I call it in that's all the rep is doing is just typing the information I give them, except there is potential for errors since we are literally playing telephone.
Except for piggybackers, it's a feature that probably isn't used very much by regular users. Not worth the IT development and support costs. Even though I like BofA for doing so, if I were the CEO or a shareholder I would think it a mistake.
If the CC takes SSN, you can probably skip address. It may not match and you won't be paid...
Barclays does not take SSN on web site so I input the address. However, BC seems to be very lax...
Citi website does not have SSN either, so you have to call in. Are you sure you're not supposed to call in to Barclays to put in SSN? I was under the impression the SSN is the most important piece of information and must be added (which is why I have to call citi instead of doing it online).
I just got an add on my BoA card. BoA lets me add everything online myself, which is so much easier. I don't understand why all cc companies don't let us just add AU directly with all the info via web page. When I call it in that's all the rep is doing is just typing the information I give them, except there is potential for errors since we are literally playing telephone.
Except for piggybackers, it's a feature that probably isn't used very much by regular users. Not worth the IT development and support costs. Even though I like BofA for doing so, if I were the CEO or a shareholder I would think it a mistake.
But they already have the feature (or else how could the reps do it?). How does it make sense to employ a rep for me to call into three times(looking at you citi) to add an AU, but not just roll that feature into your main website? Surely those reps don't work for free.
https://www.wsj.com/articles/the-new-id-theft-thousands-of-credit-applicants-who-dont-exist-1520350404
Here's an article that discusses a type of credit card fraud. The guy created tons of fictitious people and applied for loans in their name. CPNs are referenced, and so is bust out fraud.
I called citi and added 2 unrelated AU at the same time. Citi send both cards in the same envelope addressed to the first AU at my address. Seems kind of weird that they would send both in the same envelope, even though it's the same address. Seems super weird that they would address it to only one of the AU too.
https://www.wsj.com/articles/the-new-id-theft-thousands-of-credit-applicants-who-dont-exist-1520350404I emailed 2 TL companies about a similar article from the GAO (https://www.gao.gov/assets/690/686869.pdf) (Step 4) just before Christmas, and this one never replied (no real surprise, eh?).
Here's an article that discusses a type of credit card fraud. The guy created tons of fictitious people and applied for loans in their name. CPNs are referenced, and so is bust out fraud.
I have extreme issues with this company. I don't think they vet users to the level they say. And they do not pay you unless you ask. And they mess that up too. I'm pretty well done with this company I have better ones I use and they are much better organized how can you say you actually do all of these things to vet your clients but can't pay someone on time. Is not 1930 the computer and automated payment systems gave been invented
That was the message I received from Discover right before I was notified that the account had been closed. It's disappointing but at least I made a nice chunk of change first.
I have extreme issues with this company. I don't think they vet users to the level they say. And they do not pay you unless you ask. And they mess that up too. I'm pretty well done with this company I have better ones I use and they are much better organized how can you say you actually do all of these things to vet your clients but can't pay someone on time. Is not 1930 the computer and automated payment systems gave been invented
https://www.wsj.com/articles/the-new-id-theft-thousands-of-credit-applicants-who-dont-exist-1520350404
Here's an article that discusses a type of credit card fraud. The guy created tons of fictitious people and applied for loans in their name. CPNs are referenced, and so is bust out fraud.
That is a disturbing yet clarifying article. Thanks for posting. Hopefully the tradeline companies are doing all they can to prevent CPN's from slipping through the cracks into their system.
Perhaps BofA is not far behind Discover. I have a feeling tradelines is going to be a thing of the past soon. Sucks for those getting the bulk of the sales.
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
Perhaps BofA is not far behind Discover. I have a feeling tradelines is going to be a thing of the past soon. Sucks for those getting the bulk of the sales.
Perhaps BofA is not far behind Discover. I have a feeling tradelines is going to be a thing of the past soon. Sucks for those getting the bulk of the sales.
To me it sucks more for those who just got a couple of sales and were canceled anyway.
Perhaps BofA is not far behind Discover. I have a feeling tradelines is going to be a thing of the past soon. Sucks for those getting the bulk of the sales.
BofA has already been removd from the other site i use. I find it interesting the this site is still allowing those cards.
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
I called to ask both of those questions - I was told I could write a letter to the corporate office if I wanted to know why the card was closed. I was also told that the card was closed permanently.
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
I called to ask both of those questions - I was told I could write a letter to the corporate office if I wanted to know why the card was closed. I was also told that the card was closed permanently.
Same here. Then I actually wrote a letter to the corporate office asking to know the reason for closure. Their reply to my letter was even less helpful/informative than they were on the phone.
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
I called to ask both of those questions - I was told I could write a letter to the corporate office if I wanted to know why the card was closed. I was also told that the card was closed permanently.
Same here. Then I actually wrote a letter to the corporate office asking to know the reason for closure. Their reply to my letter was even less helpful/informative than they were on the phone.
It seems pretty obvious to me that the answer is "because you're selling tradelines" but their customer service department won't let them tell customers to fuck off, so they talk around it with vague generalities.
Am I the only one who sees absolutely no mystery in banks shutting down these cards? They think you've violated their terms of service. You are exposing the bank to outside risks and offering them no profit in return. They have the right to terminate you at any time for any reason. Seems pretty clear cut to me; if they think you're selling tradelines they will squash you, and then laugh when you act all innocent and offended about it.
"But WHY can't I game the system for personal profit?" probably isn't going to get you very far.
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
I called to ask both of those questions - I was told I could write a letter to the corporate office if I wanted to know why the card was closed. I was also told that the card was closed permanently.
Same here. Then I actually wrote a letter to the corporate office asking to know the reason for closure. Their reply to my letter was even less helpful/informative than they were on the phone.
It seems pretty obvious to me that the answer is "because you're selling tradelines" but their customer service department won't let them tell customers to fuck off, so they talk around it with vague generalities.
Am I the only one who sees absolutely no mystery in banks shutting down these cards? They think you've violated their terms of service. You are exposing the bank to outside risks and offering them no profit in return. They have the right to terminate you at any time for any reason. Seems pretty clear cut to me; if they think you're selling tradelines they will squash you, and then laugh when you act all innocent and offended about it.
"But WHY can't I game the system for personal profit?" probably isn't going to get you very far.
Agreed...but there is no false innocence since there is nothing to hide. If people want to pay me to add them as an AU, I see no legal issue with it and nowhere in the terms that says I can't do so.
Does the bank really have any outside risk or is it the party who is giving these folks a loan/better rate due to an inflated credit score the ones really at risk?
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
I called to ask both of those questions - I was told I could write a letter to the corporate office if I wanted to know why the card was closed. I was also told that the card was closed permanently.
Same here. Then I actually wrote a letter to the corporate office asking to know the reason for closure. Their reply to my letter was even less helpful/informative than they were on the phone.
It seems pretty obvious to me that the answer is "because you're selling tradelines" but their customer service department won't let them tell customers to fuck off, so they talk around it with vague generalities.
Am I the only one who sees absolutely no mystery in banks shutting down these cards? They think you've violated their terms of service. You are exposing the bank to outside risks and offering them no profit in return. They have the right to terminate you at any time for any reason. Seems pretty clear cut to me; if they think you're selling tradelines they will squash you, and then laugh when you act all innocent and offended about it.
"But WHY can't I game the system for personal profit?" probably isn't going to get you very far.
Agreed...but there is no false innocence since there is nothing to hide. If people want to pay me to add them as an AU, I see no legal issue with it and nowhere in the terms that says I can't do so.
Does the bank really have any outside risk or is it the party who is giving these folks a loan/better rate due to an inflated credit score the ones really at risk?
The bank has no way of knowing which future bank will be defrauded by the credit score boost, it could be their own bank. why take the risk? Especially since the majority of the cards being used for this activity have minimal spend. Like seriously, what benefit does the bank have allow it to keep happening once they catch on?
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
I called to ask both of those questions - I was told I could write a letter to the corporate office if I wanted to know why the card was closed. I was also told that the card was closed permanently.
Same here. Then I actually wrote a letter to the corporate office asking to know the reason for closure. Their reply to my letter was even less helpful/informative than they were on the phone.
It seems pretty obvious to me that the answer is "because you're selling tradelines" but their customer service department won't let them tell customers to fuck off, so they talk around it with vague generalities.
Am I the only one who sees absolutely no mystery in banks shutting down these cards? They think you've violated their terms of service. You are exposing the bank to outside risks and offering them no profit in return. They have the right to terminate you at any time for any reason. Seems pretty clear cut to me; if they think you're selling tradelines they will squash you, and then laugh when you act all innocent and offended about it.
"But WHY can't I game the system for personal profit?" probably isn't going to get you very far.
Agreed...but there is no false innocence since there is nothing to hide. If people want to pay me to add them as an AU, I see no legal issue with it and nowhere in the terms that says I can't do so.
Does the bank really have any outside risk or is it the party who is giving these folks a loan/better rate due to an inflated credit score the ones really at risk?
The bank has no way of knowing which future bank will be defrauded by the credit score boost, it could be their own bank. why take the risk? Especially since the majority of the cards being used for this activity have minimal spend. Like seriously, what benefit does the bank have allow it to keep happening once they catch on?
I don't think defrauded is the right term since banks/lenders know that being an AU boosts credit scores without the obligation. Diligent financial underwriters that look at more than just the credit score can see this and discount it if they decide to do so.
Anyone who's had their Discover card canceled, ever called to find out what their exact reasoning is? Or been able to have them reopened?
I called to ask both of those questions - I was told I could write a letter to the corporate office if I wanted to know why the card was closed. I was also told that the card was closed permanently.
Same here. Then I actually wrote a letter to the corporate office asking to know the reason for closure. Their reply to my letter was even less helpful/informative than they were on the phone.
It seems pretty obvious to me that the answer is "because you're selling tradelines" but their customer service department won't let them tell customers to fuck off, so they talk around it with vague generalities.
Am I the only one who sees absolutely no mystery in banks shutting down these cards? They think you've violated their terms of service. You are exposing the bank to outside risks and offering them no profit in return. They have the right to terminate you at any time for any reason. Seems pretty clear cut to me; if they think you're selling tradelines they will squash you, and then laugh when you act all innocent and offended about it.
"But WHY can't I game the system for personal profit?" probably isn't going to get you very far.
Agreed...but there is no false innocence since there is nothing to hide. If people want to pay me to add them as an AU, I see no legal issue with it and nowhere in the terms that says I can't do so.
Does the bank really have any outside risk or is it the party who is giving these folks a loan/better rate due to an inflated credit score the ones really at risk?
The bank has no way of knowing which future bank will be defrauded by the credit score boost, it could be their own bank. why take the risk? Especially since the majority of the cards being used for this activity have minimal spend. Like seriously, what benefit does the bank have allow it to keep happening once they catch on?
I don't think defrauded is the right term since banks/lenders know that being an AU boosts credit scores without the obligation. Diligent financial underwriters that look at more than just the credit score can see this and discount it if they decide to do so.
Do you see how ridiculous that sounds? "banks should allow me to add stranger AU's because the underwriters should know better". Yeah...no.
I guess "The Top Is In"
I don't think defrauded is the right term since banks/lenders know that being an AU boosts credit scores without the obligation. Diligent financial underwriters that look at more than just the credit score can see this and discount it if they decide to do so.
Do you see how ridiculous that sounds? "banks should allow me to add stranger AU's because the underwriters should know better". Yeah...no.
I tried logging into the web portal this morning and got the message "UserName and/or Password Not Found or account has been disabled." Anyone else having issues?
I tried logging into the web portal this morning and got the message "UserName and/or Password Not Found or account has been disabled." Anyone else having issues?
It gave me an error about needing a capital letter, lowercase letter, number, and symbol, which I did have, but finally realized it had a hidden maximum length, so if you're getting that error, try a shorter password.I hate hidden password rules, especially those that prevent more secure passwords (characters not allowed, maximum length). NIST guidelines (https://pages.nist.gov/800-63-3/sp800-63b.html#sec5) suggest a password field should allow at least 64 characters.
can anyone share experience using Chase cards? any good companies that still take them and how has it gone
thanks
I logged in on the weekend and immediately had to choose a new password.I tried logging into the web portal this morning and got the message "UserName and/or Password Not Found or account has been disabled." Anyone else having issues?
Working for me, though it did have me reset my password when logging in, I believe implemented recently as a security measure.
It gave me an error about needing a capital letter, lowercase letter, number, and symbol, which I did have, but finally realized it had a hidden maximum length, so if you're getting that error, try a shorter password.
Then... she read my old PW!! I worked in IT network support for 20 yrs. I've never seen a system where ANYONE could 'read' someone's PW!! That is NOT a secure system!!!
QuoteThen... she read my old PW!! I worked in IT network support for 20 yrs. I've never seen a system where ANYONE could 'read' someone's PW!! That is NOT a secure system!!!
Wow. This emphasizes the importance of unique passwords for every website. I’m also glad I quit selling tradelines a few months ago.
It really depends on the credit card company you're thinking of using. Obviously Discover, Bank of America, and Chase are a problem.That is now. I suspect it to change, and keep changing over time.
I think Barclay, PNC, US Bank, Citi still ok.
I just added an AU on Discover using the old company, and it went through fine. I've found myself making more purchases on my Discover card as an incentive to keep my card open. I've also been selecting 'don't send a card' to keep Discover's costs low. Based on the article above, I've decided to check all the uploaded IDs before adding a user.
i still haven't got paid for AU added 12/7.
Cliff hasn't responded to my email about it i sent 5 days ago.
i still haven't got paid for AU added 12/7.
Cliff hasn't responded to my email about it i sent 5 days ago.
first timer question. I just got my first check from the new company for an add back in December running through February. At what point do you get notified to remove the AU? Or do you simply wait a few days after the billing period ends and remove them? I have yet to get any communications about removal....
I just added an AU on Discover using the old company, and it went through fine. I've found myself making more purchases on my Discover card as an incentive to keep my card open. I've also been selecting 'don't send a card' to keep Discover's costs low. Based on the article above, I've decided to check all the uploaded IDs before adding a user.
How do you "check" IDs before adding?
first timer question. I just got my first check from the new company for an add back in December running through February. At what point do you get notified to remove the AU? Or do you simply wait a few days after the billing period ends and remove them? I have yet to get any communications about removal....
From my experience it should be right about now you get the removal request. However like all things with this company you sometimes have to email and pester them
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?
I don't think it will ruin it. Even if this is the only credit card on your report, from my understanding it will still be included in your score for several years to come until it is completely removed from the calculation.
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?
Did they actually give a reason for the closure? What exactly did it say?
But yeah, you are unlikely to get it reopened if they closed it for tradelines. Call in, maybe you will get lucky.
Are people with account closures getting them shortly after adding/removing an AU or long after? I had two sales a year ago so hoping I’m safe, but wondering what the trigger is. Are we taking monthly sales or just a few here and there?
I had my Bank of America cards shut down after I added 3 users to each one in a short amount of time. It was soon after I had added one. One card I had not used for a year and then used it and added. I don't know if we can figure out the trigger. I suspet they were doing an audit. I also was called 6 months ago by Discover and they asked me to confirm the AU which my wife did. She is the cool cucumber, I was nervous. Now I limit myself to 2 user per card per 2-3 month period. Currently I have another user lined up I may add them first, but then quickly remove the old one so that I only have 2 again. I like the money but understand the game could be over at any time. I consider the money a bonus.
- if you have a card you don't want shut down, don't sell tradelines on it. Simple.
They just had a major health scare recently with their new baby so he has more important things on his mind at this point I am sure.
I'm surprised arebelspy hasn't chimed in here lately. He started this whole thing and now that it's blowing up with numerous complaints he's disappeared?
I had my Bank of America cards shut down after I added 3 users to each one in a short amount of time. It was soon after I had added one. One card I had not used for a year and then used it and added. I don't know if we can figure out the trigger. I suspet they were doing an audit. I also was called 6 months ago by Discover and they asked me to confirm the AU which my wife did. She is the cool cucumber, I was nervous. Now I limit myself to 2 user per card per 2-3 month period. Currently I have another user lined up I may add them first, but then quickly remove the old one so that I only have 2 again. I like the money but understand the game could be over at any time. I consider the money a bonus.
Are people with account closures getting them shortly after adding/removing an AU or long after? I had two sales a year ago so hoping I’m safe, but wondering what the trigger is. Are we taking monthly sales or just a few here and there?
20 AUs added on one card. Holy crap.
20 AUs added on one card. Holy crap.
I don't think it's that many given it was over the course of a year and a half. Works out to little over 1 per month.
20 AUs added on one card. Holy crap.
I don't think it's that many given it was over the course of a year and a half. Works out to little over 1 per month.
I’m curious if anyone uses Traveling Mailbox, a UPS store address, or similar service to protect their privacy when selling Tradelines. Or to protect the AU from being associated with your address?
I have one BoA card with the "old" company. I only sell two TLs on it and since last fall they have been staggered where I only add/remove one per month. The company was resting the card for several months last summer.
So with that background in mind, something has changed with BoA. Previously, all the customer service reps followed the same script: destroy the card and any checks, you will still be responsible for any charges made, yadda yadda. Easy peasy. With the last two it's changed. On one call the rep asked my relationship with the AU. They also offered to issue a new account number of prevent future unauthorized use. On the other, the rep wanted to make sure the AU I was removing wasn't deceased. Again, they offered a new card and number.
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Another data point about BofA. They blocked my card after i added 3 AUs. I called them and they re-activated the card. I will put this card on hold with a tradeline company and will see what happens to other AU sellers who report in this thread. If BofA continues to block or cancel accounts, I will not use their card for tradelines anymore.
Another data point about BofA. They blocked my card after i added 3 AUs. I called them and they re-activated the card. I will put this card on hold with a tradeline company and will see what happens to other AU sellers who report in this thread. If BofA continues to block or cancel accounts, I will not use their card for tradelines anymore.
I haven’t called BoA yet about my blocked card; would you mind elaborating a little bit on how your phone conversation went? It still shows in my online account, but it’s clearly restricted since I can’t even see the add authorized user link anymore (unlike on my other BoA card).
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?
Did they actually give a reason for the closure? What exactly did it say?
But yeah, you are unlikely to get it reopened if they closed it for tradelines. Call in, maybe you will get lucky.
I tried calling and the initial operator looking at my account saw something about authorized users, but couldn't give me further details and told me to call another number. I haven't called that other number yet. If I call and they ask why I added these people, I guess I can't lie and I'll tell the truth.
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?
Did they actually give a reason for the closure? What exactly did it say?
But yeah, you are unlikely to get it reopened if they closed it for tradelines. Call in, maybe you will get lucky.
I tried calling and the initial operator looking at my account saw something about authorized users, but couldn't give me further details and told me to call another number. I haven't called that other number yet. If I call and they ask why I added these people, I guess I can't lie and I'll tell the truth.
I just added my Discover with the "old" company and got two AUs. Went to remove them today on Discover's website, and got a message saying I had previously posted a fraud alert with a credit bureau and to call them. Guess this game is over.
Question;
Are we suppose to put (at least) a small charge on all cards that are registered with a tradeline Co. every month or just the mo's that they have an AU?
I know to put a charge on all cards every few mo's to keep the account active.
Question;
Are we suppose to put (at least) a small charge on all cards that are registered with a tradeline Co. every month or just the mo's that they have an AU?
I know to put a charge on all cards every few mo's to keep the account active.
Question;
Are we suppose to put (at least) a small charge on all cards that are registered with a tradeline Co. every month or just the mo's that they have an AU?
I know to put a charge on all cards every few mo's to keep the account active.
Just the months they have an AU.
at least 1 charge on every TL card every month, whether there is an AU or not.I'm a gonna need a tie breaker...
I'm a gonna need a tie breaker...LOL. I'd vote for every month if you want to appear less suspicious to the bank. To that end I've also decided to use them a bit more as well instead of just a charge or two.
I'm a gonna need a tie breaker...LOL. I'd vote for every month if you want to appear less suspicious to the bank. To that end I've also decided to use them a bit more as well instead of just a charge or two.
For another post above, I had let my BoA acct sit dormant a couple years before getting a letter that it would be closed if I didn't call or make a charge by a certain time.
New company also recommends making a charge with the AU's card. I don't do that and have never had a problem.
The old tradeline company is looking for more cards.
After still more research, they are still only one of two companies that I'd recommend (and currently the main one I'd recommend, since the "new" company, as we've been calling it, has a huge glut of cards).
Criteria: Minimum $5k limit, minimum two years old. Barclays, Capital One, Citibank, Discover, PNC, US Bank, USAA.
They obviously pay more for higher limits. Card age has no effect on payments with this company.
Here is their commission schedule (click to expand):Spoiler: show
They're also offering a $150 signup bonus this month--April 2018--for referrals, which I told them to give to you (that will be paid with your first payment when your first AU posts).
If you originally got it when tradeline stuff started in July 2016 with "old company" it's the same info, but if you only ever signed up with "new company" post-January 2017, feel free to PM me for a referral for their information. :)
Disclaimer: I will get a referral commission when you sell AU spots, but you will get paid the same whether you use my referral or not--it will not reduce your payment to have me as the referral, and for this month, you'll make $150 more than you would otherwise due to the signup bonus.
This was a concern in the past, they specifically told me today they will take people moving from another company.
Make sure you do email the other company to remove the cards though (you don't want sales on both overloading your number of slots, nor to have to cancel on one of them after they sell a slot, and it is against the terms and conditions of the companies to have your card enrolled with anyone else but them).
I had 3 adds in Feb. 2 on my citi card ($75 each), and 1 on my BoA ($175).
I just noticed there was a $50 payment in my checking account 10 days ago (the description matches the payment I received several months ago for my first sale exactly, so it's the same tradeline company). This is much sooner than I expected for any of these adds, and doesn't match any of the expected payments. What's up with that?
Data point:
Capital One restricted one of my best cards last April after adding only 3 AUs on the card. They requested that I provide all sorts of information on each AU, and the tradeline company basically told me it was a lost cause - the card was going to be closed.
Fast forward to today: Capital One never did close the account, however there has been a restriction on it ever since. After reading an earlier post about calling and asking to have restrictions lifted, I decided I had nothing to lose and gave it a shot. Five short minutes later, they told me that after reviewing my account they couldn't see why the account should have been restricted and lifted it!
This card was opened in 2004 and had a $12k limit, so I submitted a credit limit increase request for a $16k limit. Hopefully that comes through as it would bump me from $150 to $175 per add! I just thought others who have had this happen might be interested!
For those who had Discover cards shut down:
1) Did you have a discover checking or savings account also?
2) Did you have a balance on the card when shut down?
Curious if any of this would impact closure...
Possibly related to AU activity - but I think it could also be something else - all 3 of my citibank cards were closed today. The front-line CSRs can't tell me anything and said I should wait for the letter in the mail. Maybe they think I'm a blowout risk? Does anyone have any experience with getting more info from citibank, or someone to talk to about reconsideration?
How many AUs did you add and what was the frequency? This is first I've heard of a Citi card going down potentially for AU.
One of the cards sent me an electronic message stating the reason for closure was, "too many recent credit inquiries" - so I guess maybe not AU related? I am trying to reach someone to talk about it and see if they will reconsider.
I'm with the old company. I just lost my 14-year old Discover card, even with fairly heavy charging.
Damn, Discover send me the dreaded "WE ARE NO LONGER ABLE TO MEET YOUR SERVICING NEEDS" emailThat is quite alarming. Regular use and no AUs in 12 months!!!
I'm actually surprise since it's been 12 months since I had only two adds. I've been using it regularly, but really only for reward category spending. It's a pretty old account, too... over a decade. In the end, it probably wasn't worth giving up the future rewards for those two adds.
So now what... am I blacklisted from Discover or can I just apply again some day?
The website says my account will be credited with my rewards points if account is closed... hope so, or it hurts even more
More data: I didn't have a savings/checking account (at one point I did, but only churned it for the bonus years ago), and I did have a few hundred dollar outstanding balance.
In the end, Discover has not made money with me. I first opened my account with them for a large balance transfer promotion: 0% INDEFINITELY as long as I made 2 purchases per month and minimum payments. It took me like 5 years to pay off the balance transfer, and I made 2 tiny purchases per month so they never made more than a couple cents in interest. Later on, I only used the card for 5% categories. And then I had a couple piggybacking adds. So I definitely made a few thousand from the relationship and they got very little. So I guess I don't really blame them
I'm actually surprise since it's been 12 months since I had only two adds.That is quite alarming. Regular use and no AUs in 12 months!!!
<snip>
So now what... am I blacklisted from Discover or can I just apply again some day?
I'm actually surprise since it's been 12 months since I had only two adds.That is quite alarming. Regular use and no AUs in 12 months!!!
<snip>
So now what... am I blacklisted from Discover or can I just apply again some day?
Some people may think that the CC companies are monitoring accounts on a regular basis and looking for activity they don't like so they can close your account. And some CC companies may do so; I have no direct knowledge.
What I think is more likely, at least currently and the near term, is that they are periodically running queries to collect lists of accounts they may want to review, and then reviewing and closing those that they deem misfit clients (like me). So while the "misfit" behavior may have occurred in what we view as the distant past, the company eventually gets around to the review and closure step later.
dragoncar and others, I am particularly interested in data points related to blacklisting. If you get another card with Discover (or not) and happen to remember to post an update, I really would appreciate it. It helps others assess the ongoing risk of this activity - getting accounts closed is one thing, being blacklisted for life is obviously a more significant risk.
I'm actually surprise since it's been 12 months since I had only two adds.That is quite alarming. Regular use and no AUs in 12 months!!!
<snip>
So now what... am I blacklisted from Discover or can I just apply again some day?
Some people may think that the CC companies are monitoring accounts on a regular basis and looking for activity they don't like so they can close your account. And some CC companies may do so; I have no direct knowledge.
What I think is more likely, at least currently and the near term, is that they are periodically running queries to collect lists of accounts they may want to review, and then reviewing and closing those that they deem misfit clients (like me). So while the "misfit" behavior may have occurred in what we view as the distant past, the company eventually gets around to the review and closure step later.
dragoncar and others, I am particularly interested in data points related to blacklisting. If you get another card with Discover (or not) and happen to remember to post an update, I really would appreciate it. It helps others assess the ongoing risk of this activity - getting accounts closed is one thing, being blacklisted for life is obviously a more significant risk.
I think you are right!
I’m also concerned more with blacklisting or even adverse credit scoring due or cross-issuer blacklistin (eg chase sees me as a greater risk because discover closed my account with a negative flag on credit report)
I’m happy to reapply to discover but I’m gonna want a nice bonus for the hard pull :-) will let everyone know if I get any more data, and definitely let you know what happened to my rewards points within a month. My last statement said I had zero rewards points but I haven’t seen their value credited to my account so while I’m not going to fight them in the closure I may have words with them over a few hundred in rewards points
Just received the: WE ARE NO LONGER ABLE TO MEET YOUR SERVICING NEEDS
email.
21 year old card with my recurring NPR donation.
I had two AU adds eight months ago . . .
And closed with no warning.
Discover was my first foray into gaming the system . . . the 1% rebate in 1997 meant I was living large by paying only 99% as much as other consumer suckas . . .
RIP my first love
At this point, is there anyone still actively selling tradelines on their Discover card and have not had their card shut down?
At this point, is there anyone still actively selling tradelines on their Discover card and have not had their card shut down?
I have my Discover card enrolled with the old recommended company, and have been getting fairly regular* sales on my Discover card. So far no shutdown, which each add I keep wondering if it will be my last one. I think I'll get another one this month. Will report back if card shut down when I add AU or remove previous AUs. I had some hiccups last time Discover seemed to be auditing and rested my card then. Put it back for sales after that, and so far no problems.. knocking on wood.
arebelspy -
If I am already with the "old" company and want to add another card with them, do i get a referral bonus for that or no?
I signed up with the old company with two cards about two weeks ago. No bites. I will be patient.
I moved a couple cards over to the old company recently. One of the cards shows 2 orders in the portal, though i haven't received the info to add them yet. Assume that is due to them doing their AU diligence. Good sign, though.
I moved 3 cards from the "new" company to the "old and immediately got 5/6 slots filled! Really happy with their volume, just hope it stays steady!
Apologies if this is answered elsewhere above (couldn't find it if so), but can anyone confirm that I do not need to activate the AU card that just arrived by mail? Can I just cut it up immediately for security's sake? Thanks!Disposing of it without activating it is fine.
Apologies if this is answered elsewhere above (couldn't find it if so), but can anyone confirm that I do not need to activate the AU card that just arrived by mail? Can I just cut it up immediately for security's sake? Thanks!Disposing of it without activating it is fine.
Some people activate it, and even put a charge on it, but most of us don't bother, and it doesn't seem to raise issues.
For Discover I don’t even have an AU card sent (there is an option when you add online not to send the card). So far always posted and no issues.
I got an add for my CITI card w/ the new Co.Citi card numbers for AUs are the same as the main cardholder number though, right? So it shouldn't matter if you charge on yours or theirs.
The EMail telling me includes:
We have also found that making at least 1 small purchase to the authorized user card that you get in the mail from the bank is a good way to keep the card active and minimize the chance of closure due to lack of activity. This is just a suggestion.
I logged in tonight and got a popup that said "URGENT: Upload cards - Picture of AU card required"
Anyone received this before? I don't believe I have the card.
It's also not clear on the site where I would even upload this picture if i had it as there's no active hyperlink on the popup box giving me this message.
Is this Discover? Whe I first started doing Tradelines I remember Discover used to ask for drivers license uploads. I have not been asked lately.
Have you activated and used the AU card yet? If no you could say the card was never delivered or lost.
Godd luck, Let us know how it goes.
Just got my first add with old TL co. on a US Bank card, so I logged in to see how to do the add... Do I really need to mail or fax in a paper form? I don't see an online form. I hope not. What a pain. Form also asks for AUs "signature..."
Is this Discover? Whe I first started doing Tradelines I remember Discover used to ask for drivers license uploads. I have not been asked lately.
Have you activated and used the AU card yet? If no you could say the card was never delivered or lost.
Godd luck, Let us know how it goes.
Just got my first add with old TL co. on a US Bank card, so I logged in to see how to do the add... Do I really need to mail or fax in a paper form? I don't see an online form. I hope not. What a pain. Form also asks for AUs "signature..."
All mine have been the same as the primary card, which I find odd. But oh well.I got an add for my CITI card w/ the new Co.Citi card numbers for AUs are the same as the main cardholder number though, right? So it shouldn't matter if you charge on yours or theirs.
The EMail telling me includes:
We have also found that making at least 1 small purchase to the authorized user card that you get in the mail from the bank is a good way to keep the card active and minimize the chance of closure due to lack of activity. This is just a suggestion.
I logged in tonight and got a popup that said "URGENT: Upload cards - Picture of AU card required"A few months ago this happened to me with the "new" company.
Anyone received this before? I don't believe I have the card.
It's also not clear on the site where I would even upload this picture if i had it as there's no active hyperlink on the popup box giving me this message.
How do you remove an AU from bank of america via the website? I can't find any options to manage or remove AU, only to add them.
Is this Discover? Whe I first started doing Tradelines I remember Discover used to ask for drivers license uploads. I have not been asked lately.
Have you activated and used the AU card yet? If no you could say the card was never delivered or lost.
Godd luck, Let us know how it goes.
Capital One asked me for the signed social security cards and drivers licenses of my AUs. One AU had both items on the website under "Documents". For the other AU I had to write to the TL company and they sent them to me attached to an email.
The difficult part was CapOne wanted them FAXed back LOL! I haven't had a FAX machine in 20 years, and didn't want to go out to a Kinko's or such, so I found a free email-to-FAX program that let me send the first two FAXes free. I didn't anticipate needing to send more, so that's what I used.
Is this Discover? Whe I first started doing Tradelines I remember Discover used to ask for drivers license uploads. I have not been asked lately.
Have you activated and used the AU card yet? If no you could say the card was never delivered or lost.
Godd luck, Let us know how it goes.
Capital One asked me for the signed social security cards and drivers licenses of my AUs. One AU had both items on the website under "Documents". For the other AU I had to write to the TL company and they sent them to me attached to an email.
The difficult part was CapOne wanted them FAXed back LOL! I haven't had a FAX machine in 20 years, and didn't want to go out to a Kinko's or such, so I found a free email-to-FAX program that let me send the first two FAXes free. I didn't anticipate needing to send more, so that's what I used.
Well shit, Capital One just restricted both of my accounts and told me I need to supply them with images of DL's and SS cards for all of my past AU's. Not sure that's possible or reasonable to ask. I may just forget about it and abandon those 2 cards.
The TL company should be able to provide, if you want to jump through the hoops. Some CC companies still close after providing all of that info, so it may not be worth it. I can't recall about Cap One, maybe someone else who had that request from them can chime in, or you can try to dig back through the thread.
I had that happen and the TL company said they were going to close the account regardless, so I just dropped the matter and did nothing. Fast forward a year, and the account has never been closed - just restricted. I called them and asked them to remove the restriction, which they promptly did after speaking with a supervisor (stating it was an error on their part). I removed the AUs from the card and started using it again with no problems. The TL company advised me to not use it for selling TL's, at least for now. I may add a family member at some point in the future (with a different name/address that can not easily be linked to me) and see if they restrict it again. If not, I will probably re-enroll it. Good luck to you, YMMV for sure.
Thanks for the data point, hope my experience goes as well as yours did.
Is this Discover? Whe I first started doing Tradelines I remember Discover used to ask for drivers license uploads. I have not been asked lately.
Have you activated and used the AU card yet? If no you could say the card was never delivered or lost.
Godd luck, Let us know how it goes.
Capital One asked me for the signed social security cards and drivers licenses of my AUs. One AU had both items on the website under "Documents". For the other AU I had to write to the TL company and they sent them to me attached to an email.
The difficult part was CapOne wanted them FAXed back LOL! I haven't had a FAX machine in 20 years, and didn't want to go out to a Kinko's or such, so I found a free email-to-FAX program that let me send the first two FAXes free. I didn't anticipate needing to send more, so that's what I used.
Well shit, Capital One just restricted both of my accounts and told me I need to supply them with images of DL's and SS cards for all of my past AU's. Not sure that's possible or reasonable to ask. I may just forget about it and abandon those 2 cards.
Just got my first add with old TL co. on a US Bank card, so I logged in to see how to do the add... Do I really need to mail or fax in a paper form? I don't see an online form. I hope not. What a pain. Form also asks for AUs "signature..."
I have US Bank cards with new company. I call the number on the back of my card and add over the phone with a CSR. They'll ask for name, DOB, SSN, and address. They'll read a disclosure. That's it. Of all of the CC banks, US Bank currently seems to be the least suspicious / caring about AU activity.
Just got my first add with old TL co. on a US Bank card, so I logged in to see how to do the add... Do I really need to mail or fax in a paper form? I don't see an online form. I hope not. What a pain. Form also asks for AUs "signature..."
I have US Bank cards with new company. I call the number on the back of my card and add over the phone with a CSR. They'll ask for name, DOB, SSN, and address. They'll read a disclosure. That's it. Of all of the CC banks, US Bank currently seems to be the least suspicious / caring about AU activity.
Thank you. I'm impressed with their customer service and how quickly these transactions take place over the phone. No muss, no fuss.
I assume you have to also call to remove AUs?
I signed up 2 TLs x 2 US Bank cards with old TL co. ($75 per AU add for 15k credit line) last month and sold all 4 spots this month (!) so hopefully this continues and hopefully my calling 4x in the span of 2 days doesn't send up any flags.
I got an add with "new" company for an 82 year old today.
At this point, is there anyone still actively selling tradelines on their Discover card and have not had their card shut down?
I have my Discover card enrolled with the old recommended company (I like working with this company), and have been getting fairly regular* sales on my Discover card. So far no shutdown, which each add I keep wondering if it will be my last one. I think I'll get another one this month. Will report back if card shut down when I add AU or remove previous AUs.
At this point, is there anyone still actively selling tradelines on their Discover card and have not had their card shut down?
I have my Discover card enrolled with the old recommended company (I like working with this company), and have been getting fairly regular* sales on my Discover card. So far no shutdown, which each add I keep wondering if it will be my last one. I think I'll get another one this month. Will report back if card shut down when I add AU or remove previous AUs.
My Discover card was shut down yesterday.
Had an add last week. Don't know if related to last add, or systematic review.
I got an add with "new" company for an 82 year old today.
I googled the name and found some info on him, but nothing suspicious.
Out of curiosity why would someone that age need to boost their credit? Reverse Mortgage or something like that?
Someone please enlighten me. Thanks
I'm not switching because once I do sales will dry up for everyone. Same reason I don't buy stocks
I switched two cards to the old company in April, no sales yet. Do I still get the $150 bonus?
At this point, is there anyone still actively selling tradelines on their Discover card and have not had their card shut down?
I have my Discover card enrolled with the old recommended company (I like working with this company), and have been getting fairly regular* sales on my Discover card. So far no shutdown, which each add I keep wondering if it will be my last one. I think I'll get another one this month. Will report back if card shut down when I add AU or remove previous AUs.
My Discover card was shut down yesterday.
Had an add last week. Don't know if related to last add, or systematic review.
Same here. I had been resting my card since February so I assume this is an ongoing audit.
If I already had cards with the old company and added a brand new card a few days ago, do I get a $150 bonus?
Any updates on the new company regarding timing of payouts? For February adds, I didn't get paid until 4/13 after begging multiple times. I still haven't been paid for March adds either but haven't resorted to begging yet...
Signed up with old company about a week ago. Looking forward to trying this out.Still waiting on a sale. :-) 10k/2-3 year Citi card. I’m probably in a saturated group.
I have a Citi card - are they shutting down like discover?
Barclays is my favorite. All add/removes done online, never had an issue with one posting, never heard of them doing audits and mass closing accounts.Nice, okay thanks for the info. I’ll have to pick one up soon and then use it in a few years once it’s aged up. :-)
What's the maximum number of AUs you feel "safe" to keep open on a Barclaycard credit card? 2 AUs at a time? 5? 10?
Barclays is my favorite. All add/removes done online, never had an issue with one posting, never heard of them doing audits and mass closing accounts.
What's the maximum number of AUs you feel "safe" to keep open on a Barclaycard credit card? 2 AUs at a time? 5? 10?
Any updates on the new company regarding timing of payouts? For February adds, I didn't get paid until 4/13 after begging multiple times. I still haven't been paid for March adds either but haven't resorted to begging yet...
About the same as it's been since the fall... they're around a month behind (but slowly have caught up), but have always paid everyone. I now just count on a two month lag for those payments. Hopefully it'll be all caught up soon.
sorry to be a newb, but just found out about this shiznat. why the secrecy w/ regards to the names of the "old"/"new" TL companies? Anyhow if anyone would be so kind as to PM me the names of these companies I'd be much obliged. Would love to get my feet wet. Gracias.
I think it's also because a Google search with the name of the companies will pull up this thread. I guess we don't want that association for obvious reasons.
Ymmv on lost stolen , product change more successful for me
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Barclays is my favorite. All add/removes done online, never had an issue with one posting, never heard of them doing audits and mass closing accounts.Just added an AU on Barclays online, but there's no spot on the website to add the AU's SSN - how do you all go about that? Do you call Barclays, or does it post w/o the SSN?
You can call and add the SSN, but I never have. I do add their address as an optional field, to help ensure it posts. (It does not send them a card to that address ever.)
You can call and add the SSN, but I never have. I do add their address as an optional field, to help ensure it posts. (It does not send them a card to that address ever.)Same experience here. Never add SSN and they post. I stopped having cards sent to me too a few months back. Everything still posts fine.
You can call and add the SSN, but I never have. I do add their address as an optional field, to help ensure it posts. (It does not send them a card to that address ever.)
I did that for a Citibank AU and it didn't post. Maybe it works differently with Barclays for some reason?
Leslie recently told me nothing less than 5 years old.
RE BOA shutdown, Mine was shut down, charges declined, I believe I then got a message on the website when I logged in.
I called over the weekend and they said they would re instate me, but then I received a letter in the mail that they closed my accounts. Maybe wait for the letter?
Leslie recently told me nothing less than 5 years old.
Ok I thought it was posted on here they would accept cards 2 years and older.
So do I have this right? The old company is now using Elan Financial Services credit cards? For some reason I thought those credit cards weren't able to be used by the tradeline companies, at least the new company didn't seem to be able to use them. Why is the old company now able to?Where did you read that they can/do?
You can call and add the SSN, but I never have. I do add their address as an optional field, to help ensure it posts. (It does not send them a card to that address ever.)
Secondcor, I would call them they just want to verify purchases that has happened to me before.
However if the charges are fraudulent, then they will have to shut the card down. But they will re issue a new card and likley reissue to your AU a new card as well.
So discover credited my rewards to my card on the statement after the statement in which they closed my account
Now waiting to see how long it takes to get a check
I’m with old company and just got my first sale! I don’t see the AU’s SSN/DOB though, where do I find that on the website? I just see their full name.
@lexde, what web sites do you use for background checks?Westlaw.
That's weird.Thanks. I’ll reach out and ask!
Definitely don't add them if you aren't comfortable.
I'd contact the tradeline company and ask what verification they did. It may just be an old person who never had much use for credit before, but now wants to boost their credit to do a reverse mortgage or something. They likely have talked with the AU.
I have had a couple of older folks. Oldest was 89, I think. It all worked out (so far anyway!)Well yeah. I wasn’t going to say exactly what I did just that I had some concerns. But it should be fine, I added them so we will see how it goes.
You may not want to mention the westlaw lookup. That may violate your agreement or theirs.
@ditkanate — thanks!
I feel weird about adding my AU. His name seems fake and he’s 70 years old. I ran a background check just out of curiosity and only his current address shows up.
It looks like this is probably a fake person. :-/ I have never had such a scarce pull from my background checks even for undocumented non residents...
Westlaw.
Edited to add: typical results are +/- 30-70 pages depending on age, moves, bankruptcies, criminal or civil records, etc. This one was 2-3 lines with name and current address.
That's my guess at this point. :-)
Westlaw.
Edited to add: typical results are +/- 30-70 pages depending on age, moves, bankruptcies, criminal or civil records, etc. This one was 2-3 lines with name and current address.
Maybe he's a new immigrant to the country.
Potentially not even a real person. Synthetic identity fraud is a real thing.Looks like the only thing that is real for someone involved in Synthetic ID Fraud is their name and age. According to the article Sol linked, to the process involves finding a SSN that has no credit report yet (most likely issued to a child) then applying for credit using that number to create a new credit file. For this to work nothing on the application should link back to the real credit file (by using phone number, email address, mailing address that has never been previously associated with the person's name and the false SSN). Creates a nice clean credit file which piggybacking fills with a credit history.
https://frankonfraud.com/fraud-trends/is-credit-repair-fueling-the-rise-in-synthetic-id-fraud/
short answer: Some (lots?) of these tradeline buyers aren't real people at all. They're fake identities created with fake numbers, which then use tradelines to artificially inflate their credit scores, then they take out huge loans and credit debts which they then promptly default on. It's a scam, and we're all supporting it. Ask the FBI: https://archives.fbi.gov/archives/newark/press-releases/2013/eighteen-people-charged-in-international-200-million-credit-card-fraud-scam
Alternately, some of these "credit repair" companies are doing what they call "file segregation" for a client, which is basically the same thing except there's a real person behind it who wants to keep their new fake credit profile clean instead of cashing out and burning it. They change the IDs enough to generate a second credit report for the same individual, but in order to get the second profile up and running they need to buy your credit payment history (your tradeline) so that the new profile isn't worthless to them. Details: https://nacso.org/news/credit-scams-avoid/
@arebelspy can you explain what measures the recommended companies use to prevent sales to someone trying to use this process to "rebuild" their credit?
That's weird.
Definitely don't add them if you aren't comfortable.
I'd contact the tradeline company and ask what verification they did. It may just be an old person who never had much use for credit before, but now wants to boost their credit to do a reverse mortgage or something. They likely have talked with the AU.
@ditkanate — thanks!
I feel weird about adding my AU. His name seems fake and he’s 70 years old. I ran a background check just out of curiosity and only his current address shows up.
It looks like this is probably a fake person. :-/ I have never had such a scarce pull from my background checks even for undocumented non residents...
The new company is continuously trying to add 3 AUs to BoA cards. Just getting more cavalier and more dangerous all the time.The first time I added 3 users to BofA I was immediately shut down. This was in 2016.
Had my second spot sold today, too. Nice!
Is it every wise to make a few small charges on AU's card after you get it in the mail? Does that make it any less suspicious for the CC companies? Thanks.
Yeah, add him as an AU to start building his credit (though you can do it later--the whole point of piggybacking is it gives them the whole history of the card later) and then lock his credit profile so people can't apply for something in his name.It is a good idea to establish a credit profile matching your child's name and SSN as soon as you have the SSN issued. Until there is a credit profile, all the credit agencies can tell is that the SSN has been issued - making it easier for someone else to establish a profile with that SSN in their own name.
Congrats, DC!
Hope Barclays isn't catching on the way Discover seems to have. Those slots have sold reliably well for me.
In other news, my Barclays card listed with old TL company is an LL BEAN Visa, and I just noticed a statement on their card home page that they're changing the card over to Citibank. Old TL co. says they'll just change it over because they do accept Citibank, but just fyi in case anyone else has an LL Bean Visa in one of these systems.
3. Having said all of that, if I were on the other side, I could make the argument for the cardholder who sells an AU slot having liability (although I personally don't find it convincing). The somewhat silly hypothetical I think of is the person who furnishes a gun to a murderer. In the piggybacking scenario, the cardholder sells an AU slot to a fraudster. And in doing so, they sell the fraudster the hypothetical gun (a good credit profile) that is used to harm another bank. Does it seem like a stretch to you as well?!
Thanks for your very helpful and informative post, PointsLawyer. I am concerned enough about fraud after reading recent posts on this page that I am going to stop my modest tradeline sales (one card, 2 AUs so far) as soon as I get paid for the two I've already laid the groundwork for. I definitely don't want to contribute to anything illegal or abusive, even if my own involvement is not illegal. I'll be content to collect my $300 and pass Go.
Thank you pointslawyer!
Zeroing on Point #3:
It reminds me of how bartenders are held liable if they over-serve patrons who are visibly intoxicated and then get in an accident.
In the bar analogy, the TL company is the establishment (bar or restaurant) and we credit card holders are the bartenders. But I'm not sure what the "visibly intoxicated" is analogous to. Is there some effort we are supposed to make to determine the AU is legitimate?
Maybe selling CLs is more like private sales of guns where the seller isn't required to do a background check.
3. Having said all of that, if I were on the other side, I could make the argument for the cardholder who sells an AU slot having liability (although I personally don't find it convincing). The somewhat silly hypothetical I think of is the person who furnishes a gun to a murderer. In the piggybacking scenario, the cardholder sells an AU slot to a fraudster. And in doing so, they sell the fraudster the hypothetical gun (a good credit profile) that is used to harm another bank. Does it seem like a stretch to you as well?!
Can I ask you, PointsLawyer, why is it worth someone to retain you when their card was shut down, and what do you estimate the cost to them will be (in terms of your billing and hours)?Cost of lawyer will eventually fall on the bank if the bank is found to be in the wrong.
A. The banks have a hole in their defenses. First, the CRAs allow piggybacking to work. Second, the CRAs are overly reliant on the credit reporting system in granting credit lines. This is for the banks to fix--not the cardholder's fault.The financial industry could shut this down immediately if they set it up so that piggybacking doesn't work. Already doesn't work with American Express because they report the date the AU was added where others report the date the credit line was opened.
Yep. I don't know of a single attorney who would do this with any other arrangement. It'd have to be contingency (if plaintiff wins, attorney gets a percentage of entire award, nothing if they lose usually).Can I ask you, PointsLawyer, why is it worth someone to retain you when their card was shut down, and what do you estimate the cost to them will be (in terms of your billing and hours)?Cost of lawyer will eventually fall on the bank if the bank is found to be in the wrong.
Yep. I don't know of a single attorney who would do this with any other arrangement. It'd have to be contingency (if plaintiff wins, attorney gets a percentage of entire award, nothing if they lose usually).Can I ask you, PointsLawyer, why is it worth someone to retain you when their card was shut down, and what do you estimate the cost to them will be (in terms of your billing and hours)?Cost of lawyer will eventually fall on the bank if the bank is found to be in the wrong.
Can I ask you, PointsLawyer, why is it worth someone to retain you when their card was shut down, and what do you estimate the cost to them will be (in terms of your billing and hours)?
A. The banks have a hole in their defenses. First, the CRAs allow piggybacking to work. Second, the CRAs are overly reliant on the credit reporting system in granting credit lines. This is for the banks to fix--not the cardholder's fault.The financial industry could shut this down immediately if they set it up so that piggybacking doesn't work. Already doesn't work with American Express because they report the date the AU was added where others report the date the credit line was opened.
I think ARS and the rest of us would basically like to know what a typical award is, and what percent is lost to legal feesYep. I don't know of a single attorney who would do this with any other arrangement. It'd have to be contingency (if plaintiff wins, attorney gets a percentage of entire award, nothing if they lose usually).Can I ask you, PointsLawyer, why is it worth someone to retain you when their card was shut down, and what do you estimate the cost to them will be (in terms of your billing and hours)?Cost of lawyer will eventually fall on the bank if the bank is found to be in the wrong.
Basically, what is your opinion of a consumer taking the approach of "Hey, I did nothing wrong. I used a service you provide, no fraud occurred, any private arrangement I have with my acquaintance is none of your business." What is the likelihood of that working to keep the account open?
Can you elaborate on what critera does (and doesn't) make for a good case?
Say someone reading this thread had a card shut down, what would make it worthwhile (what red flags should they look for) to send it to you?
As I said above, banks can typically close your card at any time and for pretty much any reason. But, they have to provide the specific reason for the closure. The point of this legal requirement is to allow someone with credit to understand their credit -- the requirement is educational in nature.So basically all the banks have to do is say, "We closed your account because we don't like how often you change authorized users on your account," and they'd be in compliance with the law, but instead they are being vague about their reasons. All the while it would be super simple for them to make changes that would make piggybacking ineffective and it would just stop happening.
Dumb Q: does "no late payments" refer to a payment past due date which goes away after you pay the late fee, or a payment 30+ days past due date which shows up on your credit report?
For those of you who have your and spouse's cards enrolled: do you typically call for your spouse to ask for the AU removal, or do you have her/him call? It's easier for me to just call but I don't want to get sent to fraud detection, etc.
For those of you who have your and spouse's cards enrolled: do you typically call for your spouse to ask for the AU removal, or do you have her/him call? It's easier for me to just call but I don't want to get sent to fraud detection, etc.If you are not a co-signor on the account, they should not allow you to make changes. If they do then any other AU could as well. It turns out I had been considered just an AU on my wife's card so I had to actually fill out an app to get approved to be a joint owner before I could add/remove AUs so she wouldn't have to deal with it.
How quickly do you add AU? I got an email monday evening saying I had new AU to add, but I didn't have time to log in and get the info and call yet. I got an email from TL company today asking if they were added saying there were due by 5/21 (the night I got the notification). Now I'm ready to add them, but the email made it sound like if they weren't added by 5/21 she had to replace them, so I don't know if I should go ahead and add them or if she's going to move them to another card. This card has been filling up consistently and I just removed 2 AU last week, so I expect I'd get another 2 slots right away.
Do you jump on adding AU immediately? What's a reasonable time frame to get them added? I feel like it often takes a week or so to show up after adding them anyway.
Fuck it I added them before hearing back. 20 minute phone call to citi. I'll probably have to call back at least once to re add them because citi.Do you have issues with Citi cards? I added my AUs online to my AAdvantage cards with no problems.
Fuck it I added them before hearing back. 20 minute phone call to citi. I'll probably have to call back at least once to re add them because citi.Do you have issues with Citi cards? I added my AUs online to my AAdvantage cards with no problems.
Fuck it I added them before hearing back. 20 minute phone call to citi. I'll probably have to call back at least once to re add them because citi.Do you have issues with Citi cards? I added my AUs online to my AAdvantage cards with no problems.
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If my card closing date is the 22nd, why did they wait until the 16th to request I remove the previous AU? What advantage did having them on from the 23rd to the 16th if I just remove them at that point?
If my card closing date is the 22nd, why did they wait until the 16th to request I remove the previous AU? What advantage did having them on from the 23rd to the 16th if I just remove them at that point?
They like us to leave a user on for a full two months. For some cards it's three months. Look at your card history and I bet that user they asked you to remove on May 16th was added on March 16th.
I assume that having a user on for less than two months looks suspicious.
When is the last time payments were sent from the new TL? I haven't' rec'd payments for 2/3 or 3/3 ads. I have emailed the owner and haven't heard back.
I get that, but then it jams me up for the next round by only allowing like 5 days to sell the tradeline, notify me, and have me contact citi, and have citi actually add them. The same thing happened last time. I was contacted on the 21st to add AU, and it ended up being an ordeal because I had to call citi 3 times before they actually showed up. A few hours notice is not enough time to get me to add them, and have citi actually add them to my account.
My Barclay account shows shopping activity by a recently added AU through the "old" company. I just got notification of a fraud alert from Barclay. I received the card a week or so ago and never activated it. I'm going to notify the "old" company, but does anyone have any advice or seen this happen before?
My Barclay account shows shopping activity by a recently added AU through the "old" company. I just got notification of a fraud alert from Barclay. I received the card a week or so ago and never activated it. I'm going to notify the "old" company, but does anyone have any advice or seen this happen before?
My Barclay account shows shopping activity by a recently added AU through the "old" company. I just got notification of a fraud alert from Barclay. I received the card a week or so ago and never activated it. I'm going to notify the "old" company, but does anyone have any advice or seen this happen before?
Is it showing the transaction on the AU's card # or yours?
@arebelspy , could you tell us how much you've been making via tradelines the last few years?
Ditto with others. It's a very, very, very long thread to slog thru, and I would love some summary info to share with others.
My Barclay account shows shopping activity by a recently added AU through the "old" company. I just got notification of a fraud alert from Barclay. I received the card a week or so ago and never activated it. I'm going to notify the "old" company, but does anyone have any advice or seen this happen before?
Is it showing the transaction on the AU's card # or yours?
The transactions show the last four digits of the AU's card.
The two charges are very suspicious-looking, regardless of which card. Just gobbledygook letters stringed together for the vendor name. Like this: ouorjlfjflmf (not the actual name, but for illustrative purposes). So Barclays would likely have flagged them even if the purchases were made on my own card.
I spoke with the rep from the "old" company, and I asked whether it was possible it is just run-of-the-mill fraudulent activity that just happens to be on the AU's card, trying to give the AU the benefit of the doubt. She said it's possible, but she's calling the user to get some extra details. I've been instructed to hold off just yet in calling Barclays back while they assess the situation, but she said the likely next step is to remove him as an AU as a precaution.
I had two orders through them and received two separate unmarked envelopes with what felt like cards inside; to be transparent, I never opened the envelopes because they were the only CCs I was expecting and I assumed that what's they were, so I can't say with 100% certainty that I do have the AU's card. That's my mistake, and one I won't repeat.
I will report back!
My Barclay account shows shopping activity by a recently added AU through the "old" company. I just got notification of a fraud alert from Barclay. I received the card a week or so ago and never activated it. I'm going to notify the "old" company, but does anyone have any advice or seen this happen before?
Is it showing the transaction on the AU's card # or yours?
The transactions show the last four digits of the AU's card.
The two charges are very suspicious-looking, regardless of which card. Just gobbledygook letters stringed together for the vendor name. Like this: ouorjlfjflmf (not the actual name, but for illustrative purposes). So Barclays would likely have flagged them even if the purchases were made on my own card.
I spoke with the rep from the "old" company, and I asked whether it was possible it is just run-of-the-mill fraudulent activity that just happens to be on the AU's card, trying to give the AU the benefit of the doubt. She said it's possible, but she's calling the user to get some extra details. I've been instructed to hold off just yet in calling Barclays back while they assess the situation, but she said the likely next step is to remove him as an AU as a precaution.
I had two orders through them and received two separate unmarked envelopes with what felt like cards inside; to be transparent, I never opened the envelopes because they were the only CCs I was expecting and I assumed that what's they were, so I can't say with 100% certainty that I do have the AU's card. That's my mistake, and one I won't repeat.
I will report back!
It very much depends on how many cards you have, and how desirable you are.
For a broad rule of thumb, without knowing anything about the ages, card types, etc., I think it's reasonable to assume 1-2 sales every 2 months per card that is at least 3-5 years old (a lot older, and you'll see closer to 2+ reliably, younger more towards 1). Times, say $150 per sale (assuming a 20k limit or so). That leaves you with 150-300 per two months times 12 months a year = $900-1800 per card per year.
If your card is newer, or lower limits, cut that in half or more (since the amount when you make a sale is half as much, plus you'll make them much less frequently). Say $300/year for a weaker card (a handful of sales at $75 per sale)?
Times the number of cards you have. 2-3 strong ones, and a handful of weaker ones should net you in the 4-5k range. If you and a spouse can each do that, you get to the low five figures pretty easily. Not a bad supplemental FIRE income, for almost no effort.
The key though is that the amount of work is so low--the dollar per hour is great whether you see a few sales or a lot.
My Barclay account shows shopping activity by a recently added AU through the "old" company. I just got notification of a fraud alert from Barclay. I received the card a week or so ago and never activated it. I'm going to notify the "old" company, but does anyone have any advice or seen this happen before?
Is it showing the transaction on the AU's card # or yours?
I've added my sister as an AU on a few of my cards over the years and I'm pretty sure that the account number on her card has always been the same as the number on my card. The current card she has is the same account number.
The transactions show the last four digits of the AU's card.
The two charges are very suspicious-looking, regardless of which card. Just gobbledygook letters stringed together for the vendor name. Like this: ouorjlfjflmf (not the actual name, but for illustrative purposes). So Barclays would likely have flagged them even if the purchases were made on my own card.
I spoke with the rep from the "old" company, and I asked whether it was possible it is just run-of-the-mill fraudulent activity that just happens to be on the AU's card, trying to give the AU the benefit of the doubt. She said it's possible, but she's calling the user to get some extra details. I've been instructed to hold off just yet in calling Barclays back while they assess the situation, but she said the likely next step is to remove him as an AU as a precaution.
I had two orders through them and received two separate unmarked envelopes with what felt like cards inside; to be transparent, I never opened the envelopes because they were the only CCs I was expecting and I assumed that what's they were, so I can't say with 100% certainty that I do have the AU's card. That's my mistake, and one I won't repeat.
I will report back!
So, does the person who purchased the AU line have the ability to check their own credit history and see the account number? Not sure how it shows up on someone's credit report when they are an authorized user.I don't think full account numbers show on any credit report (I doubt the issuer provides the full account number to the credit reporting agencies). Piggybacking largely works because the account shows up on the AU's report almost the same as if they were the primary account holder.
How quickly do you add AU? I got an email monday evening saying I had new AU to add, but I didn't have time to log in and get the info and call yet. I got an email from TL company today asking if they were added saying there were due by 5/21 (the night I got the notification). Now I'm ready to add them, but the email made it sound like if they weren't added by 5/21 she had to replace them, so I don't know if I should go ahead and add them or if she's going to move them to another card. This card has been filling up consistently and I just removed 2 AU last week, so I expect I'd get another 2 slots right away.
Do you jump on adding AU immediately? What's a reasonable time frame to get them added? I feel like it often takes a week or so to show up after adding them anyway.
So, does the person who purchased the AU line have the ability to check their own credit history and see the account number? Not sure how it shows up on someone's credit report when they are an authorized user.I don't think full account numbers show on any credit report (I doubt the issuer provides the full account number to the credit reporting agencies). Piggybacking largely works because the account shows up on the AU's report almost the same as if they were the primary account holder.
It very much depends on how many cards you have, and how desirable you are.
For a broad rule of thumb, without knowing anything about the ages, card types, etc., I think it's reasonable to assume 1-2 sales every 2 months per card that is at least 3-5 years old (a lot older, and you'll see closer to 2+ reliably, younger more towards 1). Times, say $150 per sale (assuming a 20k limit or so). That leaves you with 150-300 per two months times 12 months a year = $900-1800 per card per year.
If your card is newer, or lower limits, cut that in half or more (since the amount when you make a sale is half as much, plus you'll make them much less frequently). Say $300/year for a weaker card (a handful of sales at $75 per sale)?
Times the number of cards you have. 2-3 strong ones, and a handful of weaker ones should net you in the 4-5k range. If you and a spouse can each do that, you get to the low five figures pretty easily. Not a bad supplemental FIRE income, for almost no effort.
The key though is that the amount of work is so low--the dollar per hour is great whether you see a few sales or a lot.
Haha my experience is the opposite... I have one card that is very old (20+ yrs) and has a high limit (20k+) and I rarely see any sales on it. I also have a very new card (2 yrs) with a middling limit (10k) that books solid, every slot always full.
How quickly do you add AU? I got an email monday evening saying I had new AU to add, but I didn't have time to log in and get the info and call yet. I got an email from TL company today asking if they were added saying there were due by 5/21 (the night I got the notification). Now I'm ready to add them, but the email made it sound like if they weren't added by 5/21 she had to replace them, so I don't know if I should go ahead and add them or if she's going to move them to another card. This card has been filling up consistently and I just removed 2 AU last week, so I expect I'd get another 2 slots right away.
Do you jump on adding AU immediately? What's a reasonable time frame to get them added? I feel like it often takes a week or so to show up after adding them anyway.
Well apparently if you don't add them by the due date you don't get paid. So I got 6 hours notice to add them (got emails at 5:29 PM and 5:48PM on 5/21 that were apparently due to add by 5/21). Since I added them late (48 hours after notified) I got to take all the risk of adding weird names to my card, used up my 2 slots (since it's suspicious to remove AU so quickly I've been instructed to leave them), got to sit on the phone with citi for 20 minutes, and I don't get paid. wtf new company?
The old tradeline company is looking for more cards.
...
Disclaimer: I will get a referral commission when you sell AU spots, but you will get paid the same whether you use my referral or not--it will not reduce your payment to have me as the referral, and for this month, you'll make $150 more than you would otherwise due to the signup bonus.
I have already gotten five calls to my personal phone asking for my authorized user since adding them a few days ago. The people calling do not identify themselves and tell me that the line is being recorded and ask for them by name. Has anybody else had this issue?Yes, but not recently.
Well on the upside it looks like the AU add was successful at leastI have already gotten five calls to my personal phone asking for my authorized user since adding them a few days ago. The people calling do not identify themselves and tell me that the line is being recorded and ask for them by name. Has anybody else had this issue?Yes, but not recently.
In my case, it seemed to be debt collectors looking for the AU.
Well on the upside it looks like the AU add was successful at leastI have already gotten five calls to my personal phone asking for my authorized user since adding them a few days ago. The people calling do not identify themselves and tell me that the line is being recorded and ask for them by name. Has anybody else had this issue?Yes, but not recently.
In my case, it seemed to be debt collectors looking for the AU.
I have already gotten five calls to my personal phone asking for my authorized user since adding them a few days ago.Why is your phone now linked to the AU? I never answer unknown numbers but I've never had a message for anyone else yet.
That’s precisely what I’d like to know. Citi has my phone number, but they don’t report it. So I am concerned that I’m getting these phone calls. Tradeline sellers are supposed to be more or less anonymous. It took them ~4 days to find my number and start asking for my AU’s without identifying who they are or why they’re calling.I have already gotten five calls to my personal phone asking for my authorized user since adding them a few days ago.Why is your phone now linked to the AU? I never answer unknown numbers but I've never had a message for anyone else yet.
Crazy. I haven't gotten any calls, but I think my number isn't very Google-able. I know some people have gotten a few.
Can you block the number(s)?
I just received a call from Capital One they asked me questions about the authorized user and the mentioned that they could not verify a connection to me through public records. They said that they will send a package that requires more information about the Authorized user.
Any ideas? What do you guys say when they ask you who is the authorized user?
I just received a call from Capital One they asked me questions about the authorized user and the mentioned that they could not verify a connection to me through public records. They said that they will send a package that requires more information about the Authorized user.
Any ideas? What do you guys say when they ask you who is the authorized user?
This is worrying - I've been adding 2 AUs on Capital One almost every 2 months, for years and I haven't received any similar calls. I'm wondering what happens if you ignore the package? I might ask the tradeline company what you should do.
Whatever happened to the idea of Mustachians starting our own tradeline company? Is anyone still working on that?
I have already gotten five calls to my personal phone asking for my authorized user since adding them a few days ago. The people calling do not identify themselves and tell me that the line is being recorded and ask for them by name. Has anybody else had this issue?
As I said above, banks can typically close your card at any time and for pretty much any reason. But, they have to provide the specific reason for the closure. The point of this legal requirement is to allow someone with credit to understand their credit -- the requirement is educational in nature.So basically all the banks have to do is say, "We closed your account because we don't like how often you change authorized users on your account," and they'd be in compliance with the law, but instead they are being vague about their reasons. All the while it would be super simple for them to make changes that would make piggybacking ineffective and it would just stop happening.
Well on the upside it looks like the AU add was successful at leastI have already gotten five calls to my personal phone asking for my authorized user since adding them a few days ago. The people calling do not identify themselves and tell me that the line is being recorded and ask for them by name. Has anybody else had this issue?Yes, but not recently.
In my case, it seemed to be debt collectors looking for the AU.
As long as we're looking at silver linings, you could monitor the calls for FDCPA violations... ;-)
I just received a call from Capital One they asked me questions about the authorized user and the mentioned that they could not verify a connection to me through public records. They said that they will send a package that requires more information about the Authorized user.
Any ideas? What do you guys say when they ask you who is the authorized user?
This is worrying - I've been adding 2 AUs on Capital One almost every 2 months, for years and I haven't received any similar calls. I'm wondering what happens if you ignore the package? I might ask the tradeline company what you should do.
When I tried to ignore a similar situation with my Barclays card (mentioned upthread), they froze my account and very nearly accused me of unethical behavior. I cannot access my account online, my card was declined when I did a test transaction, and I (obviously) cannot add or remove AUs.
I have asked the New Company (through whom the AU sales occurred on this card) for advice about a week ago and have yet to receive any response.
I then emailed the 'new' company and asked them for those documents. The 'new' company then stated that 'Capital One looks like they are going to close your account and is looking for further information from you. Unfortunately, we do not provide ids. In every case when it is requested and even when submitted they close your account.'
I then emailed the 'new' company and asked them for those documents. The 'new' company then stated that 'Capital One looks like they are going to close your account and is looking for further information from you. Unfortunately, we do not provide ids. In every case when it is requested and even when submitted they close your account.'
This must be a very new policy. When Capital One asked for drivers licenses and social security cards for my two AUs on March 24th, the new company already had both documents for one of the AUs on their website and promptly emailed me the docs for the other AU. I submitted to CapOne and my restrictions were removed.
The card wasn't shut down.
Regarding the SS numbers, I know Citi doesn't post correctly without the SS#, so I have to call in the AU, even though the website has an area where an AU can be added. The online area doesn't have a field for SS#.
Look on the new company website on your tasks page and see if the phrase "must be called in" in next to those AUs.
I just received a call from Capital One they asked me questions about the authorized user and the mentioned that they could not verify a connection to me through public records. They said that they will send a package that requires more information about the Authorized user.
Any ideas? What do you guys say when they ask you who is the authorized user?
This is worrying - I've been adding 2 AUs on Capital One almost every 2 months, for years and I haven't received any similar calls. I'm wondering what happens if you ignore the package? I might ask the tradeline company what you should do.
When I tried to ignore a similar situation with my Barclays card (mentioned upthread), they froze my account and very nearly accused me of unethical behavior. I cannot access my account online, my card was declined when I did a test transaction, and I (obviously) cannot add or remove AUs.
I have asked the New Company (through whom the AU sales occurred on this card) for advice about a week ago and have yet to receive any response.
Whatever happened to the idea of Mustachians starting our own tradeline company? Is anyone still working on that?
Yea what's up with this? We gotta be able to run it better than the current companies.
Whatever happened to the idea of Mustachians starting our own tradeline company? Is anyone still working on that?
Yea what's up with this? We gotta be able to run it better than the current companies.
On the logistics and supply side? Sure, while multitasking. From the beach.
But the hard part is finding the buyers, and that's the sticking point I haven't figured out yet. Anyone have any bright ideas on where to locate a steady stream of non-fraudulent credit line purchasers. If we can solve that part, we can have our own company up and running before summer is over.
Whatever happened to the idea of Mustachians starting our own tradeline company? Is anyone still working on that?
On the logistics and supply side? Sure, while multitasking. From the beach.
But the hard part is finding the buyers, and that's the sticking point I haven't figured out yet. Anyone have any bright ideas on where to locate a steady stream of non-fraudulent credit line purchasers. If we can solve that part, we can have our own company up and running before summer is over.
Whatever happened to the idea of Mustachians starting our own tradeline company? Is anyone still working on that?
Yea what's up with this? We gotta be able to run it better than the current companies.
On the logistics and supply side? Sure, while multitasking. From the beach.
But the hard part is finding the buyers, and that's the sticking point I haven't figured out yet. Anyone have any bright ideas on where to locate a steady stream of non-fraudulent credit line purchasers. If we can solve that part, we can have our own company up and running before summer is over.
Why don't we set up the logistics and supply side, and recruit salespeople to find buyers. We get a cut of their sales. And the salespeople can each recruit their own team of salespeople, and get a cut of their sales, and so on. The whole organization could be shaped like a reverse funnel.
I would love to be a part of the mustachian Tradeline company. Also unlike probably a lot of FIRE folks, I am willing to put the hours in and have done some small ventures before
Why don't we set up the logistics and supply side, and recruit salespeople to find buyers. We get a cut of their sales. And the salespeople can each recruit their own team of salespeople, and get a cut of their sales, and so on. The whole organization could be shaped like a reverse funnel.
To the first sentence: I definitely had an affiliate thing set up for bringing in AUs.
I lol'd at the rest. :DI would love to be a part of the mustachian Tradeline company. Also unlike probably a lot of FIRE folks, I am willing to put the hours in and have done some small ventures before
Then go, make it happen. You have a willing group of cardholders.
No one needs permission to start anything; just go and do it! :)
I would love to be a part of the mustachian Tradeline company. Also unlike probably a lot of FIRE folks, I am willing to put the hours in and have done some small ventures before
The problem here is one of profit. This is a high risk venture requiring full time work from a single individual person, plus staff later on. That person will want to make money, and probably should be allowed to retain the profits from their venture.
...
And it's not exactly a part time gig. If you have a day job, you probably can't do this business the right way. If you don't have a day job because you are retired (like rebs) then all of this hard work probably doesn't appeal to you. We need someone who is young and hungry enough to put in the long hours for their chance at riches.
How is the forum going to feel about sol (or anyone else here) making $200k/year off of the member's credit cards? I'd probably be pissed to see one person getting rich, while the per-sale fee to cardholders continues to decline. But I don't think anyone is likely to put in the time and effort required to do this properly without the opportunity for significant personal profit.
For me the sticking point is PCI compliance and best practices around handling SSNs.
Why don't we set up the logistics and supply side, and recruit salespeople to find buyers. We get a cut of their sales....
Yup, marketing is the sticking point. I started down this road a while back, just shortly after ARS. The webdev, legal work, accounting, is all pretty straightforward. Most of it can be handled by one person. This forum itself is a gold mine of available card holders. But who is going to buy? I had a few ideas for finding buyers. I think the discussion is somewhere in this thread, in fact.
In the end it was more work than I could put in. Too big an unknown.
ETA: I formed an LLC, finalized a company logo, hired a webdev who had the website up and running, retained an accountant (although he never had to do anything), and consulted with an attorney about the language of the contracts. All I had left to do was advertise here for card holders, and figure who would buy this stuff.
This would be a great space for mortgage brokers to get into, since they can go back and say "hey these are your quotes, but I can probably lower this payment by $X if you pay $Y to a buddy of mine."
But maybe this runs afoul of ethics rules
The old tradeline company is looking for more cards.
...
Disclaimer: I will get a referral commission when you sell AU spots, but you will get paid the same whether you use my referral or not--it will not reduce your payment to have me as the referral, and for this month, you'll make $150 more than you would otherwise due to the signup bonus.
The old company shows the commission amount / date to be paid. Is this supposed to include the referral bonus? Mine only shows the base amount for the card issuer/limit.
The old tradeline company is looking for more cards.
...
Disclaimer: I will get a referral commission when you sell AU spots, but you will get paid the same whether you use my referral or not--it will not reduce your payment to have me as the referral, and for this month, you'll make $150 more than you would otherwise due to the signup bonus.
The old company shows the commission amount / date to be paid. Is this supposed to include the referral bonus? Mine only shows the base amount for the card issuer/limit.
Full payment received in addition to the referral bonus - and right on time no less! I think I shall be dropping the new company.
This would be a great space for mortgage brokers to get into, since they can go back and say "hey these are your quotes, but I can probably lower this payment by $X if you pay $Y to a buddy of mine."
But maybe this runs afoul of ethics rules
I have also considered real estate transactions to be a rich environment for finding legitimate buyers, and I don't think it is at ALL beneath a mortgage broker to help a buyer improve their credit. Mortgage brokers are some of the shadiest people a normal law-abiding citizen will ever deal with. Slightly shadier than used car salesmen.
This would be a great space for mortgage brokers to get into, since they can go back and say "hey these are your quotes, but I can probably lower this payment by $X if you pay $Y to a buddy of mine."
But maybe this runs afoul of ethics rules
I have also considered real estate transactions to be a rich environment for finding legitimate buyers, and I don't think it is at ALL beneath a mortgage broker to help a buyer improve their credit. Mortgage brokers are some of the shadiest people a normal law-abiding citizen will ever deal with. Slightly shadier than used car salesmen.
I don't think this actually improves credit for a mortgage right ? It only works for renters and car buyers?
The old tradeline company is looking for more cards.
...
Disclaimer: I will get a referral commission when you sell AU spots, but you will get paid the same whether you use my referral or not--it will not reduce your payment to have me as the referral, and for this month, you'll make $150 more than you would otherwise due to the signup bonus.
The old company shows the commission amount / date to be paid. Is this supposed to include the referral bonus? Mine only shows the base amount for the card issuer/limit.
Full payment received in addition to the referral bonus - and right on time no less! I think I shall be dropping the new company.
I received the bonus today but not the payment for an add which shows as paid today. So maybe it will hit my account tomorrow.
I received the total for 2 adds and the bonus today all as one payment. I'm impressed with the "old" company so far.
I received the total for 2 adds and the bonus today all as one payment. I'm impressed with the "old" company so far.
It's a sign of how far we've come that paying the correct amount at the agreed upon time counts as impressive improvement.
I received the total for 2 adds and the bonus today all as one payment. I'm impressed with the "old" company so far.
It's a sign of how far we've come that paying the correct amount at the agreed upon time counts as impressive improvement.
Indeed it is a low bar. But after only having dealt with the "new" company until now, this feels like a breath of fresh air.
is there anyone on here who is selling tradelines on a particular card for over 2 years and having them not shut down? i wonder what is a typical lifespan of a tradeline with a carefull piggybacking strategy
Citi's site doesn't let me add the SS# online so I have to call, and the calls to them generally suck and take forever. I tried adding online once but the AU didn't post since I didn't add the social.
I received the total for 2 adds and the bonus today all as one payment. I'm impressed with the "old" company so far.
It's a sign of how far we've come that paying the correct amount at the agreed upon time counts as impressive improvement.
Indeed it is a low bar. But after only having dealt with the "new" company until now, this feels like a breath of fresh air.
Hey I'm right there with you, bud. We switched our cards too, and are much happier.
Got my first sale from the old company, for a card I transferred from the new company, that had 6 sales on it in 2017. Today I got a letter from US Bank. The card is now "restricted". I haven't called them yet. I'm interpreting that meaning no more AUs can be added to that card, but I'm not sure what happens to the AU I just added. And whether or not I can use the card for small purchases anymore. I sent a copy of the letter to the old company today, no response yet. I have a balance on the card that I'll pay down slowly. Hopefully I can get that card reinstated eventually. But that one is done for tradelines.
I paid the minimum for those two months.You felt paying interest would look less suspicious?
Citi's site doesn't let me add the SS# online so I have to call, and the calls to them generally suck and take forever. I tried adding online once but the AU didn't post since I didn't add the social.
For Citi, after the AU has been added online, I've been submitting the AUs SSN through the secure contact us link and its worked fine so far. Have not had to call in yet after 15 or so AU aDDS.
Citi's site doesn't let me add the SS# online so I have to call, and the calls to them generally suck and take forever. I tried adding online once but the AU didn't post since I didn't add the social.
For Citi, after the AU has been added online, I've been submitting the AUs SSN through the secure contact us link and its worked fine so far. Have not had to call in yet after 15 or so AU aDDS.
How do you draft an online message to let them know you want to add the SSN with the Authorized User?
For Citi, after the AU has been added online, I've been submitting the AUs SSN through the secure contact us link and its worked fine so far. Have not had to call in yet after 15 or so AU aDDS.
How do you draft an online message to let them know you want to add the SSN with the Authorized User?
How quickly do you add AU? I got an email monday evening saying I had new AU to add, but I didn't have time to log in and get the info and call yet. I got an email from TL company today asking if they were added saying there were due by 5/21 (the night I got the notification). Now I'm ready to add them, but the email made it sound like if they weren't added by 5/21 she had to replace them, so I don't know if I should go ahead and add them or if she's going to move them to another card. This card has been filling up consistently and I just removed 2 AU last week, so I expect I'd get another 2 slots right away.
Do you jump on adding AU immediately? What's a reasonable time frame to get them added? I feel like it often takes a week or so to show up after adding them anyway.
Well apparently if you don't add them by the due date you don't get paid. So I got 6 hours notice to add them (got emails at 5:29 PM and 5:48PM on 5/21 that were apparently due to add by 5/21). Since I added them late (48 hours after notified) I got to take all the risk of adding weird names to my card, used up my 2 slots (since it's suspicious to remove AU so quickly I've been instructed to leave them), got to sit on the phone with citi for 20 minutes, and I don't get paid. wtf new company?
Anyone had their US Bank card shut down before? Had 2 sales from the "old" company last month, after many months of no activity from the "new" company. Today I got an email from Netflix to update my payment details. I'd been charging Netflix to my US Bank card for the nominal tradeline activity. I updated the card details with Netflix but still kept getting an error message. Now I log in to my US Bank account online and there aren't any accounts listed. I'm assuming it's a shutdown?
Kinda sucks, actually got sales for once and kapow. No more. :(
How do you draft an online message to let them know you want to add the SSN with the Authorized User?
Two methods:
Under "Services" select "Statements & Documents". From that page click "View Secure Message Center."
Or, on the front page at the very bottom in the black area with all of the categories, under the "Help & Support" choices, select "Contact us." On the next page, at the bottom on a white background is "Read messages from secure message center." (In spite of it's name, it allows you to send, not just read.)
Anyone had their US Bank card shut down before? Had 2 sales from the "old" company last month, after many months of no activity from the "new" company. Today I got an email from Netflix to update my payment details. I'd been charging Netflix to my US Bank card for the nominal tradeline activity. I updated the card details with Netflix but still kept getting an error message. Now I log in to my US Bank account online and there aren't any accounts listed. I'm assuming it's a shutdown?
Kinda sucks, actually got sales for once and kapow. No more. :(
Received the letter today and I quote:
"Dear CARDHOLDER NAME: (that's not me protecting my identity, that's actually what it says on the letter)
The overall credit performance of our cardmembers is periodically reviewed. As a result of a recent review your account has been restricted effective immediately. Our decision was based on the following principal reason(s):
- The pattern of adding and removing authorized users on your account(s) poses a risk to the bank.
if you have any questions about this decision, you can speak with one of our Credit Specialists blah blah blah blah.
Sincerely,
Risk Department"
Anyone had their US Bank card shut down before? Had 2 sales from the "old" company last month, after many months of no activity from the "new" company. Today I got an email from Netflix to update my payment details. I'd been charging Netflix to my US Bank card for the nominal tradeline activity. I updated the card details with Netflix but still kept getting an error message. Now I log in to my US Bank account online and there aren't any accounts listed. I'm assuming it's a shutdown?
Kinda sucks, actually got sales for once and kapow. No more. :(
Received the letter today and I quote:
"Dear CARDHOLDER NAME: (that's not me protecting my identity, that's actually what it says on the letter)
The overall credit performance of our cardmembers is periodically reviewed. As a result of a recent review your account has been restricted effective immediately. Our decision was based on the following principal reason(s):
- The pattern of adding and removing authorized users on your account(s) poses a risk to the bank.
if you have any questions about this decision, you can speak with one of our Credit Specialists blah blah blah blah.
Sincerely,
Risk Department"
I just got the exact same letter. Same scenario as you. I added two AUs with the old company after many months of no activity with the new company and now my account is restricted. Apparently US Bank is cracking down.
I paid the minimum for those two months.
You felt paying interest would look less suspicious?
How do you draft an online message to let them know you want to add the SSN with the Authorized User?
Two methods:
Under "Services" select "Statements & Documents". From that page click "View Secure Message Center."
Or, on the front page at the very bottom in the black area with all of the categories, under the "Help & Support" choices, select "Contact us." On the next page, at the bottom on a white background is "Read messages from secure message center." (In spite of it's name, it allows you to send, not just read.)
My question is not how to send receive emails, but what are you going to state in this email to them? "Include the social security number for the authorized user for this card"
Wow, that sounds awfully specific. Nothing like "unable to service your needs"
How do you draft an online message to let them know you want to add the SSN with the Authorized User?
Two methods:
Under "Services" select "Statements & Documents". From that page click "View Secure Message Center."
Or, on the front page at the very bottom in the black area with all of the categories, under the "Help & Support" choices, select "Contact us." On the next page, at the bottom on a white background is "Read messages from secure message center." (In spite of it's name, it allows you to send, not just read.)
My question is not how to send receive emails, but what are you going to state in this email to them? "Include the social security number for the authorized user for this card"
I tell them "Please add SSN # xxx-xx-xxxx for authorized user Joe schmoe". The card number referenced is already selected in the secure message center.
Anyone had their US Bank card shut down before? Had 2 sales from the "old" company last month, after many months of no activity from the "new" company. Today I got an email from Netflix to update my payment details. I'd been charging Netflix to my US Bank card for the nominal tradeline activity. I updated the card details with Netflix but still kept getting an error message. Now I log in to my US Bank account online and there aren't any accounts listed. I'm assuming it's a shutdown?
Kinda sucks, actually got sales for once and kapow. No more. :(
Received the letter today and I quote:
"Dear CARDHOLDER NAME: (that's not me protecting my identity, that's actually what it says on the letter)
The overall credit performance of our cardmembers is periodically reviewed. As a result of a recent review your account has been restricted effective immediately. Our decision was based on the following principal reason(s):
- The pattern of adding and removing authorized users on your account(s) poses a risk to the bank.
if you have any questions about this decision, you can speak with one of our Credit Specialists blah blah blah blah.
Sincerely,
Risk Department"
For my US Bank card I had originally listed it with the "new" company.
Had 4 sales in 2017:
1 in May 2017
2 in June 2017
1 in Oct 2017
Didn't see any sales for a while so moved it over to the "old" company when ARS posted the referral bonus from them.
Got 2 sales right away in April.
Had my account restricted in late may. Haven't done anything to remedy it and likely won't any time soon.
Btw am i the only one who gets almost no sales with the "new" company? I got only one sale this year. I always registered AUs on time but refused to register one or two because they were too risky.
Those of you who are 'restricted' on US Bank, have you tried making small purchases since the letter arrived? I haven't yet, but am wondering exactly what 'restricted' means.
Those of you who are 'restricted' on US Bank, have you tried making small purchases since the letter arrived? I haven't yet, but am wondering exactly what 'restricted' means.
I found out about my restriction before the letter arrived because my Netflix payment wouldn't go through. When I log in to US Bank online my credit card doesn't show up under my accounts at all. It's like the card doesn't exist.
I'm wondering if the AU's that are one there will stay listed on there indefinitely... and if so will that continue to help them, or do restricted cards not get reported to the credit bureaus?
I received 2 identical copies of the US Bank warning letter as well. I’m putting them on hold.
Those of you who are 'restricted' on US Bank, have you tried making small purchases since the letter arrived? I haven't yet, but am wondering exactly what 'restricted' means.
I'm wondering if the AU's that are one there will stay listed on there indefinitely... and if so will that continue to help them, or do restricted cards not get reported to the credit bureaus?
True story.
Back in November 2017 I purchased a tradeline. I wanted to see how the process works, etc. It wasn't the new company or the old company. It's another company that I'll call BMS.
The tradeline is guaranteed to stay on the credit report for 60 days. When I checked my report today, it was still there - 6 months later. I called BMS to ask about their process. The cardholder has officially removed me from his/her card, it's just up to the bank how long the account stays on my report. The rep I spoke to actually bragged that they've seen accounts stay on reports 5 years after they are removed.
Moral: if you're selling tradelines, potentially LOTS of people have your account on their reports.
Fun fact: this cardholder has been charging $2/month, just like the advice given on this thread. Which one of you am I piggybacking on?!
True story.
Back in November 2017 I purchased a tradeline. I wanted to see how the process works, etc. It wasn't the new company or the old company. It's another company that I'll call BMS.
The tradeline is guaranteed to stay on the credit report for 60 days. When I checked my report today, it was still there - 6 months later. I called BMS to ask about their process. The cardholder has officially removed me from his/her card, it's just up to the bank how long the account stays on my report. The rep I spoke to actually bragged that they've seen accounts stay on reports 5 years after they are removed.
Moral: if you're selling tradelines, potentially LOTS of people have your account on their reports.
Fun fact: this cardholder has been charging $2/month, just like the advice given on this thread. Which one of you am I piggybacking on?!
Citi cards are dropping like flies - not a huge loss but sucks the income isnt there - it was a pain to call in each month to add users on those cards - guess i'll just churn them.
Citi cards are dropping like flies - not a huge loss but sucks the income isnt there - it was a pain to call in each month to add users on those cards - guess i'll just churn them.
@boarder42 Which citi cards are you getting closed down?
A data point I've noticed with the new company is that on one of my cards, I mostly get AU requests from people who live within like 20 miles of me. I live in a major city with a significant immigrant population, I wonder if it is just coincidence, or, if they're keeping it to locals to make it seem like it's people I might reasonably know. 9 times out of 10, AUs on that card have been from addresses I might actually have driven past on my way to work.
A data point I've noticed with the new company is that on one of my cards, I mostly get AU requests from people who live within like 20 miles of me. I live in a major city with a significant immigrant population, I wonder if it is just coincidence, or, if they're keeping it to locals to make it seem like it's people I might reasonably know. 9 times out of 10, AUs on that card have been from addresses I might actually have driven past on my way to work.
Same for me with new company when I got orders from them.
A data point I've noticed with the new company is that on one of my cards, I mostly get AU requests from people who live within like 20 miles of me. I live in a major city with a significant immigrant population, I wonder if it is just coincidence, or, if they're keeping it to locals to make it seem like it's people I might reasonably know. 9 times out of 10, AUs on that card have been from addresses I might actually have driven past on my way to work.
How do you organize your cards and adds? Do you simply rely on the company to to send you the info on when to remove? Or do you keep an overall spreadsheet with all of your cards, remove dates, commission, etc? Or does anyone keep more detailed spreadsheets for each card with the names of those you added, dates, etc? Trying to be efficient.
How do you organize your cards and adds? Do you simply rely on the company to to send you the info on when to remove? Or do you keep an overall spreadsheet with all of your cards, remove dates, commission, etc? Or does anyone keep more detailed spreadsheets for each card with the names of those you added, dates, etc? Trying to be efficient.
I keep an Excel spreadsheet. One row per AU. Columns are: CL, expected commission, AU name, and then dates for: AU added, purchase made, AU card received, AU card activated, received payment, removed AU, destroyed card. Personally I also have ticklers in my todo folder for each of my piggybacking cards for two days after the closing dates to add a charge if I have active AUs. That way there is a balance on the card the entire duration that an AU is on there. @arebelspy doesn't do these subsequent purchases and he has reported that they're not necessary for piggybacking to work, but the companies recommend it and it's a small effort so I do it.
I recently had 5 authorized users on my Citi card at one time. I just recently removed 3, and now down to 2 left.
How do you organize your cards and adds? Do you simply rely on the company to to send you the info on when to remove? Or do you keep an overall spreadsheet with all of your cards, remove dates, commission, etc? Or does anyone keep more detailed spreadsheets for each card with the names of those you added, dates, etc? Trying to be efficient.
I recently had 5 authorized users on my Citi card at one time. I just recently removed 3, and now down to 2 left.
That's good to know. How long did you keep five users on at one time?
How do you organize your cards and adds? Do you simply rely on the company to to send you the info on when to remove? Or do you keep an overall spreadsheet with all of your cards, remove dates, commission, etc? Or does anyone keep more detailed spreadsheets for each card with the names of those you added, dates, etc? Trying to be efficient.
I have a spreadsheet tab that lists: which card, request to add date, AU name, Order # from the portal, date added, date removed, amount owed, and date paid.
Because I'm an Excel nerd, the "date paid" column has both estimated and actual dates (the estimated ones are followed by a question mark "?", when the payment comes in it formats differently so it's easy to see), and underneath it totals up how much I expect to get paid in the calendar year, and then calculates the self-employment taxes I should expect to have taken out.
Elsewhere in my personal budget tab, it takes both the anticipated income and tax liability into account, and on my taxes tab it calculates the appropriate SEP IRA maximum contribution & eligible deduction.
How do you calculate SEP IRA? Would you be able to share the formula? Is it applicable to a person with a full time job who already contributes to 401K and ROTH IRA and is ineligible for a tax-deductible IRA?
Glad to see I am not the only one sheltering some of this income with a SEP IRA. Maybe a CPA on the forum could chime in regarding the passthrough deduction aspect.
Glad to see I am not the only one sheltering some of this income with a SEP IRA. Maybe a CPA on the forum could chime in regarding the passthrough deduction aspect.
Glad to see I am not the only one sheltering some of this income with a SEP IRA. Maybe a CPA on the forum could chime in regarding the passthrough deduction aspect.
Short of not wanting to do all the math is it pretty safe to just throw 20% of whatever I earn in a SEP IRA? I did some part time work for my old company and earned quite a bit of non-taxed income on top of bank bonuses and selling tradelines.
Hey everyone!
I have PM'd Arebelspy, but if his travelogue/blog is anything to go by he is probably out and about adventuring and has had little time to get back to my message.
I am wondering if any of you could PM me with suggestions for a reputable company or the experiences that you have had with your companies.
Thank you!
From what I understand, this has been true for at l ast 2 years but the industry is still going strong.
Has anyone gotten mail for their AUs from a different credit card company than the one you added them to? I added an AU to my US Bank card last summer and just got mail from Discover for them marked 'Statement enclosed'. Like they used my address to open an account at Discover or something. What do I do with it? I was thinking of marking it 'Not at this address. Return to sender'.
Has anyone gotten mail for their AUs from a different credit card company than the one you added them to? I added an AU to my US Bank card last summer and just got mail from Discover for them marked 'Statement enclosed'. Like they used my address to open an account at Discover or something. What do I do with it? I was thinking of marking it 'Not at this address. Return to sender'.
Hey everyone!
I have PM'd Arebelspy, but if his travelogue/blog is anything to go by he is probably out and about adventuring and has had little time to get back to my message.
I am wondering if any of you could PM me with suggestions for a reputable company or the experiences that you have had with your companies.
Thank you!
PM sent to you with all the info.
Finally got an ad with the old company. Opened when Joe mentioned it here and the bonus money for the first sale was included. Looking forward to getting some money off tradelines again. It's been a loooooong time for me.
Just PM me (http://forum.mrmoneymustache.com/pm/?sa=send;u=25) if you want a referral/more info/have questions.
While I am coincidentally traveling today (in an airport lounge at the moment), I respond to all PMs within 24 hours, and typically much shorter. Please don't clutter the thread with "PM me referral please!" :)
Hi everyone,
As I mentioned upthread, my Barclays card was an LL Cool Bean Visa that was switched over to Shitibank and is now a MasterCard.
I'm looking for a new Barclays card because of the convenience (adding / deleting AUs online) and their seeming apathy WRT how many AUs I add to such cards. I'd like to obtain it ASAP so that I can start seasoning it.
Any suggestions for a good Barclays card - or from another good Piggybacking option?
Hi everyone,
As I mentioned upthread, my Barclays card was an LL Cool Bean Visa that was switched over to Shitibank and is now a MasterCard.
I'm looking for a new Barclays card because of the convenience (adding / deleting AUs online) and their seeming apathy WRT how many AUs I add to such cards. I'd like to obtain it ASAP so that I can start seasoning it.
Any suggestions for a good Barclays card - or from another good Piggybacking option?
Can the miles earned with the Barclays Aviator card (they have a 50,000 bonus going now with the $95 annual fee) be merged with miles from an AAdvantage card?
I already have an aAdvantage card with 100,000s of miles and would be interested in being able to pool them.
Hi everyone,
As I mentioned upthread, my Barclays card was an LL Cool Bean Visa that was switched over to Shitibank and is now a MasterCard.
I'm looking for a new Barclays card because of the convenience (adding / deleting AUs online) and their seeming apathy WRT how many AUs I add to such cards. I'd like to obtain it ASAP so that I can start seasoning it.
Any suggestions for a good Barclays card - or from another good Piggybacking option?
I received an email from the new company that they will no longer accept USAA, Cap 1, US Bank, or Elan. They expect it to be temporary while the companies do internal reviews. It's too bad because my CapitalOne has had two adds every two months.
I received an email from the new company that they will no longer accept USAA, Cap 1, US Bank, or Elan. They expect it to be temporary while the companies do internal reviews. It's too bad because my CapitalOne has had two adds every two months.
Holy crap, I just got an add for my Chase card! I've had it enrolled for a year and a half, but never had a single AU - which is a shame, because it's got a $30k limit and is 14 years old. Anyone have any experience with how these post? I wonder if that has anything to do with the other issuers being pulled for the time being...
Holy crap, I just got an add for my Chase card! I've had it enrolled for a year and a half, but never had a single AU - which is a shame, because it's got a $30k limit and is 14 years old. Anyone have any experience with how these post? I wonder if that has anything to do with the other issuers being pulled for the time being...
Just PM me (http://forum.mrmoneymustache.com/pm/?sa=send;u=25) if you want a referral/more info/have questions.
While I am coincidentally traveling today (in an airport lounge at the moment), I respond to all PMs within 24 hours, and typically much shorter. Please don't clutter the thread with "PM me referral please!" :)
They allow chatbots in the lounges now?
FYI, Barclays AU limit (if it exists) must be more than 36 AU's. I had asked earlier in the thread and others mentioned or asked as well. If I hit a limit, I will post again.Closer to 50 ime
Happy 4th, yall! :)
Can the miles earned with the Barclays Aviator card (they have a 50,000 bonus going now with the $95 annual fee) be merged with miles from an AAdvantage card?
I already have an aAdvantage card with 100,000s of miles and would be interested in being able to pool them.
What do you mean by AAdvantage card? Are you referring to the Citi AAdvantage card? The Barclays Aviator card is also an AAdvantage card.
If so, Assuming you're providing both Barclays and Citi with the same AAdvantage number with your application, all your points/miles earned will be posted to your American Airlines AAdvantage account. No need to do anything extra to pool or combine them.
I just wanted to say that it's taken me several days but I've finally read through this ENTIRE thread. :) Fascinating stuff. I'm usually more of a lurker than a poster but I want to thank you all the info you provide. I'll have to season some cards but I may have a few to throw into the system...
I just wanted to say that it's taken me several days but I've finally read through this ENTIRE thread. :) Fascinating stuff. I'm usually more of a lurker than a poster but I want to thank you all the info you provide. I'll have to season some cards but I may have a few to throw into the system...
Just interested - for someone like you new to Tradelines and reading about all the cards shut down and possibly increasing risk, how do you come to the conclusion that it is worth the (steadily declining) income? Also, as a disclaimer, I don't see this living up to the headline '20 - 40k/yr side gig', even in its heyday. Maybe a 2 - 4k side hustle or a 40 - 200k full on business opportunity, from what I have been reading, personally. But owning a Tradeline business might eventually expose you to fraudulent activity against the interest of some very deep pockets, not to mention that you could be facilitating some criminal activity you would probably not want to be associated with...
I dunno, my personal jury is still out on this, otherwise I would have recommended it to folks that I know need the extra money and have the credit history to offer.
I had this same concern and that is why I did my homework as to how these identities are verified. You do not want to add your tradelines to synthetic identities or cpns. Do your homework on how your company is verifying this.
I also found after digging into my mother’s finances she has been being robbed by banks for centuries with ridiculous interest rates. So first I fixed her finances up. But the amount of people out there needing help with their finances in this is sky high - and most don’t even know it. It funnels enormous amounts to some big wig banker which I don’t care to support. So if I can help someone get their feet back up in the credit world I am ok with that. As long as my credit tradeline vendor is doing their process to verify these are real people then I am all good. I will not stand to be added to fraudulent identities to Eli reinforce a synthetic identity which also leads to more shit downs. This area is where I did my own homework the most.
I just wanted to say that it's taken me several days but I've finally read through this ENTIRE thread. :) Fascinating stuff. I'm usually more of a lurker than a poster but I want to thank you all the info you provide. I'll have to season some cards but I may have a few to throw into the system...
Just interested - for someone like you new to Tradelines and reading about all the cards shut down and possibly increasing risk, how do you come to the conclusion that it is worth the (steadily declining) income? Also, as a disclaimer, I don't see this living up to the headline '20 - 40k/yr side gig', even in its heyday. Maybe a 2 - 4k side hustle or a 40 - 200k full on business opportunity, from what I have been reading, personally. But owning a Tradeline business might eventually expose you to fraudulent activity against the interest of some very deep pockets, not to mention that you could be facilitating some criminal activity you would probably not want to be associated with...
I dunno, my personal jury is still out on this, otherwise I would have recommended it to folks that I know need the extra money and have the credit history to offer.
I personally say 2-4K is low if you don’t mind a more aggressive view toward all of this.
The most aggressive view is selling your own tradelines directly to people. Drawback is more risk and ultimately if you want to effectively counter that you need to fully incorporate and invest in proper data safety and identity verification protocols. I personally started selling directly and sold 16 lines in the last thirty days. Most of these were people just trying to buy one line and after it worked they were thrilled and resigned for an additional line. In doing this I did detect at least one person I suspected to be giving me a synthetic identity and I refunded him. Another person was openly trying to get me to add a cpn and I kept saying no.
Personally with this avenue - self selling lines - I cut off promoting this way as I do not want to go through all the necessary steps of incorporating and data safety and signing up to fill identity verification portals. But I now have more requests than I can fill from people who bought one line and it worked and now want more, and also these people who told their friends about me. I also treat each one very well, giving them basic advice most of us know about in regards to credit cards, how to build credit, and how to remove negative marks on credit.
I also signed my cards up with two vendors. One vendor would not take a certain brand of card but a different vendor would take another one as they figured out how to make it post.
With these two vendors, in the last thirty days one of them gave me four sales and another gave me seven sales. The one that gave me seven sales I actually had to refuse the last offer as it was pushing one of my cards past what I considered a comfortable line of AU lines. I’ll also be honest that I did double list one brand of card with both vendors but did it to the limit I considered acceptable - offered one AU slot with one vendor and two AU slots with the other.
Anyways I believe this area of the world - credit repair and tradelines - is saturated in potential. There are so many people that pay hundreds of thousands of dollars of extra interest over their life time due to poor credit.
I personally say 2-4K is low if you don’t mind a more aggressive view toward all of this.
The most aggressive view is selling your own tradelines directly to people. Drawback is more risk and ultimately if you want to effectively counter that you need to fully incorporate and invest in proper data safety and identity verification protocols. I personally started selling directly and sold 16 lines in the last thirty days. Most of these were people just trying to buy one line and after it worked they were thrilled and resigned for an additional line. In doing this I did detect at least one person I suspected to be giving me a synthetic identity and I refunded him. Another person was openly trying to get me to add a cpn and I kept saying no.
Personally with this avenue - self selling lines - I cut off promoting this way as I do not want to go through all the necessary steps of incorporating and data safety and signing up to fill identity verification portals. But I now have more requests than I can fill from people who bought one line and it worked and now want more, and also these people who told their friends about me. I also treat each one very well, giving them basic advice most of us know about in regards to credit cards, how to build credit, and how to remove negative marks on credit.
I also signed my cards up with two vendors. One vendor would not take a certain brand of card but a different vendor would take another one as they figured out how to make it post.
With these two vendors, in the last thirty days one of them gave me four sales and another gave me seven sales. The one that gave me seven sales I actually had to refuse the last offer as it was pushing one of my cards past what I considered a comfortable line of AU lines. I’ll also be honest that I did double list one brand of card with both vendors but did it to the limit I considered acceptable - offered one AU slot with one vendor and two AU slots with the other.
Anyways I believe this area of the world - credit repair and tradelines - is saturated in potential. There are so many people that pay hundreds of thousands of dollars of extra interest over their life time due to poor credit.
Geez, how many open credit card lines did you just have laying around when you started this just 30 days ago?
I personally say 2-4K is low if you don’t mind a more aggressive view toward all of this.
The most aggressive view is selling your own tradelines directly to people. Drawback is more risk and ultimately if you want to effectively counter that you need to fully incorporate and invest in proper data safety and identity verification protocols. I personally started selling directly and sold 16 lines in the last thirty days. Most of these were people just trying to buy one line and after it worked they were thrilled and resigned for an additional line. In doing this I did detect at least one person I suspected to be giving me a synthetic identity and I refunded him. Another person was openly trying to get me to add a cpn and I kept saying no.
Personally with this avenue - self selling lines - I cut off promoting this way as I do not want to go through all the necessary steps of incorporating and data safety and signing up to fill identity verification portals. But I now have more requests than I can fill from people who bought one line and it worked and now want more, and also these people who told their friends about me. I also treat each one very well, giving them basic advice most of us know about in regards to credit cards, how to build credit, and how to remove negative marks on credit.
I also signed my cards up with two vendors. One vendor would not take a certain brand of card but a different vendor would take another one as they figured out how to make it post.
With these two vendors, in the last thirty days one of them gave me four sales and another gave me seven sales. The one that gave me seven sales I actually had to refuse the last offer as it was pushing one of my cards past what I considered a comfortable line of AU lines. I’ll also be honest that I did double list one brand of card with both vendors but did it to the limit I considered acceptable - offered one AU slot with one vendor and two AU slots with the other.
Anyways I believe this area of the world - credit repair and tradelines - is saturated in potential. There are so many people that pay hundreds of thousands of dollars of extra interest over their life time due to poor credit.
I personally say 2-4K is low if you don’t mind a more aggressive view toward all of this.
The most aggressive view is selling your own tradelines directly to people. Drawback is more risk and ultimately if you want to effectively counter that you need to fully incorporate and invest in proper data safety and identity verification protocols. I personally started selling directly and sold 16 lines in the last thirty days. Most of these were people just trying to buy one line and after it worked they were thrilled and resigned for an additional line. In doing this I did detect at least one person I suspected to be giving me a synthetic identity and I refunded him. Another person was openly trying to get me to add a cpn and I kept saying no.
Personally with this avenue - self selling lines - I cut off promoting this way as I do not want to go through all the necessary steps of incorporating and data safety and signing up to fill identity verification portals. But I now have more requests than I can fill from people who bought one line and it worked and now want more, and also these people who told their friends about me. I also treat each one very well, giving them basic advice most of us know about in regards to credit cards, how to build credit, and how to remove negative marks on credit.
I also signed my cards up with two vendors. One vendor would not take a certain brand of card but a different vendor would take another one as they figured out how to make it post.
With these two vendors, in the last thirty days one of them gave me four sales and another gave me seven sales. The one that gave me seven sales I actually had to refuse the last offer as it was pushing one of my cards past what I considered a comfortable line of AU lines. I’ll also be honest that I did double list one brand of card with both vendors but did it to the limit I considered acceptable - offered one AU slot with one vendor and two AU slots with the other.
Anyways I believe this area of the world - credit repair and tradelines - is saturated in potential. There are so many people that pay hundreds of thousands of dollars of extra interest over their life time due to poor credit.
How are you self selling and verifying data?
I declined my 1 sale in the past 1.5 months (5 cards listed all over 2 years) because when I googled the guy, there was criminal record, active lawsuits, liens, etc.
I just wanted to say that it's taken me several days but I've finally read through this ENTIRE thread. :) Fascinating stuff. I'm usually more of a lurker than a poster but I want to thank you all the info you provide. I'll have to season some cards but I may have a few to throw into the system...
Just interested - for someone like you new to Tradelines and reading about all the cards shut down and possibly increasing risk, how do you come to the conclusion that it is worth the (steadily declining) income? Also, as a disclaimer, I don't see this living up to the headline '20 - 40k/yr side gig', even in its heyday. Maybe a 2 - 4k side hustle or a 40 - 200k full on business opportunity, from what I have been reading, personally. But owning a Tradeline business might eventually expose you to fraudulent activity against the interest of some very deep pockets, not to mention that you could be facilitating some criminal activity you would probably not want to be associated with...
I dunno, my personal jury is still out on this, otherwise I would have recommended it to folks that I know need the extra money and have the credit history to offer.
Yeah, I'd say most people are making in that 2-4k range now that the card companies are pretty saturated with cards so you may not max out all your spots every month. There are at least a few people who are making in the low 5 figures though, people with a bunch of cards and
I wrote a post a few weeks ago (probably a few pages back?) about realistic expectations on income currently.
The $/hour remains the same as in the post title, because no extra effort is needed. So a few thousand dollar side gig for very little effort isn't bad.
Also, if you're seeing less sales, so you're only making a few hundred, that likely proportionally reduces your risk of card shut down. Not totally, as there are definite sweeps and someone with a small number of sales can still get shut down, but someone with a ton of sales is more likely to get shut down. So yes, less money than when it was unknown, but less risk of shutdown as well.
Everyone will make their own decisions. I respect those that don't want to sell tradelines for whatever reason (risk/reward, ethics, whatever). I think it's still worth it, personally, as the easiest side-gig I've ever heard of. :)
Is it just me, or is Barclays getting more stringent. Was told you have to fax or mail in a valid driver's license, ID, SSN card etc for them to add a SSN to an AU. You can't do it just by calling alone. Is this new? I thought they asked for SSN when you added an AU online and didn't have to call or send anything in.
Is it just me, or is Barclays getting more stringent. Was told you have to fax or mail in a valid driver's license, ID, SSN card etc for them to add a SSN to an AU. You can't do it just by calling alone. Is this new? I thought they asked for SSN when you added an AU online and didn't have to call or send anything in.
I had a Barclay ad last week and only had to call to attach the SS#. I think this was my first AU with them, though.
YMMV but I don't add SSN for barclays. No issues with many adds.
YMMV but I don't add SSN for barclays. No issues with many adds.
In general I've been doing this for about a year and a half, with a number of cards and quite a number of AU's.
My data points suggest it's drying up for me:
1. Barclays put a security fraud alert and locked me out of my accounts. New Company thinks that Barclay's is concerned about the most recent AU I added - like the person has shown up on a "bad list" of some kind. At this point based on recommendation of New Company, I am not adding any more AU's (I can't anyway, Barclays won't let me), and just waiting until the two AU's I have with that card age off. Then I can probably call and get the security fraud alert removed.
2. USBank has sent me two "knock it off or we'll close your accounts" letters on two different cards I have with them that I've added AU's on in the past. At this point my plan is to add one more AU each and then permanently rest these cards with New Company.
3. USAA just put a security lock on my account and called me this morning. They said "knock it off and don't do it again or we'll close our business with you." Since I have my auto insurance, homeowner's insurance, main checking account, and a credit card with them, it's not worth the continued risk. So I promised them I'd stop, and just sent Old Company a "please rest my card permanently".
I'm all for going after loopholes and things like this, and I don't have an issue with any of them. I will also compliment @arebelspy for being up front about these possibilities and always saying that it is up to each person's comfort level. But dealing with these security holes is extra time and effort, and for some reason I don't have the oomph to try to dance my way around them. I'll probably continue with the other cards and companies until they also tell me to stop, and I may add fresh cards that aren't with USAA, but I guess a security hold and dealing with it are where my personal limit is.
Because I think it's worthwhile, if anyone wants any data points on any of the above, I'll be happy to answer questions.
<snip>
How much have you made in the last yr and a half on all tradelines?
How many lines were you recently adding/removing per what time frame on the cards with recent security locks?
What other cards are you adding AU lines to with no complaints from bank? And how many lines per unit of time are you doing with them?
What explanation does new card company have for not vetting the “bad name” before giving it to you considering that is why we go through the middle man?
<snip>
How much have you made in the last yr and a half on all tradelines?
How many lines were you recently adding/removing per what time frame on the cards with recent security locks?
What other cards are you adding AU lines to with no complaints from bank? And how many lines per unit of time are you doing with them?
What explanation does new card company have for not vetting the “bad name” before giving it to you considering that is why we go through the middle man?
I'd rather not answer the first question, as I don't see it's relevancy and it is my policy to not discuss income or assets.
For the second question, you'd need to define recently. I'll use the last six months as an arbitrary measure. On Barclays, I had two AU's. On USBank, I had two adds on one of the cards and zero adds on the other. On USAA, I had two AU's; one successful and one not.
For the third question, I have a Chase card and a BofA card that have had a few adds each with no issues.
For the fourth question, the New Company did not provide an explanation and I did not ask for one. I assume that the credit card companies have more thorough fraud protection than New Company due to the relative sizes of the two businesses. I expect the company to do good but not necessarily perfect vetting.
In general I've been doing this for about a year and a half, with a number of cards and quite a number of AU's.
My data points suggest it's drying up for me:
1. Barclays put a security fraud alert and locked me out of my accounts. New Company thinks that Barclay's is concerned about the most recent AU I added - like the person has shown up on a "bad list" of some kind. At this point based on recommendation of New Company, I am not adding any more AU's (I can't anyway, Barclays won't let me), and just waiting until the two AU's I have with that card age off. Then I can probably call and get the security fraud alert removed.
2. USBank has sent me two "knock it off or we'll close your accounts" letters on two different cards I have with them that I've added AU's on in the past. At this point my plan is to add one more AU each and then permanently rest these cards with New Company.
3. USAA just put a security lock on my account and called me this morning. They said "knock it off and don't do it again or we'll close our business with you." Since I have my auto insurance, homeowner's insurance, main checking account, and a credit card with them, it's not worth the continued risk. So I promised them I'd stop, and just sent Old Company a "please rest my card permanently".
I'm all for going after loopholes and things like this, and I don't have an issue with any of them. I will also compliment @arebelspy for being up front about these possibilities and always saying that it is up to each person's comfort level. But dealing with these security holes is extra time and effort, and for some reason I don't have the oomph to try to dance my way around them. I'll probably continue with the other cards and companies until they also tell me to stop, and I may add fresh cards that aren't with USAA, but I guess a security hold and dealing with it are where my personal limit is.
Because I think it's worthwhile, if anyone wants any data points on any of the above, I'll be happy to answer questions.
Thanks for the data/report, 2ndCor!
Seems like there's two ways to go:
1) Run cards until the issuers get mad, then stop.
2) Run them until they get cancelled, being willing to burn them out to eke out an extra few sales.
Option one seems like the route you're taking, and it seems prudent--make some money off the cards, then stop sales on them and keep the cards. Win-win (even if a shame you can't keep selling indefinitely).
If you literally don't care about the card at all, and would be cancelling it anyways, option two makes sense. (E.g. I have a few Barclay's I got for the miles and would have cancelled for the $89 annual fee, but I sell lines on them and have kept them open. I would cancel, and would be fine if they closed them for me, not worried about the tiny credit ding.)
Even if each card is only good for a few hundred/few thousand in tradeline sales before stopping, better than nothing if they're just sitting in a drawer, especially if you have quite a few in that position.
Would you say what you did with tradeline sales to this point was worth it overall?
@MasterStache, my USAA card was with Old Company at the time that I got the warning call from USAA, and most of the AU sales on it were with Old Company.
The Barclay's online form doesn't let you put in a SSN. They recommend you call and add it, but I've never had an issue with one posting without.
It uses the other info: The person's name, DOB, and address. (Other cc companies won't let you put an address, but do allow a SSN.) Given enough data, they match it to the right person.
I added Joe Schmoe on my Citi card as an AU a couple months ago. Yesterday I got snail mail from Chase noting they were closing Joe Schmoe's account due to potential fraud. Any ideas on how this can happen? The last four numbers of the Chase account for Joe Schmoe were not any of mine but it was sent to my address.
How quickly do you add AU? I got an email monday evening saying I had new AU to add, but I didn't have time to log in and get the info and call yet. I got an email from TL company today asking if they were added saying there were due by 5/21 (the night I got the notification). Now I'm ready to add them, but the email made it sound like if they weren't added by 5/21 she had to replace them, so I don't know if I should go ahead and add them or if she's going to move them to another card. This card has been filling up consistently and I just removed 2 AU last week, so I expect I'd get another 2 slots right away.
Do you jump on adding AU immediately? What's a reasonable time frame to get them added? I feel like it often takes a week or so to show up after adding them anyway.
Well apparently if you don't add them by the due date you don't get paid. So I got 6 hours notice to add them (got emails at 5:29 PM and 5:48PM on 5/21 that were apparently due to add by 5/21). Since I added them late (48 hours after notified) I got to take all the risk of adding weird names to my card, used up my 2 slots (since it's suspicious to remove AU so quickly I've been instructed to leave them), got to sit on the phone with citi for 20 minutes, and I don't get paid. wtf new company?
How do you see which AU are currently on your BoA account? I have a different AU I've added that should still be on there, but I don't know how to verify that. Hopefully they didn't just remove this AU without my request like they did the previous one. I suppose I could call in and talk to a rep, but I'm afraid that would be suspicious and also I'd sound like an idiot for not knowing who my current AU are (even though I know who it's supposed to be).
How do you see which AU are currently on your BoA account? I have a different AU I've added that should still be on there, but I don't know how to verify that. Hopefully they didn't just remove this AU without my request like they did the previous one. I suppose I could call in and talk to a rep, but I'm afraid that would be suspicious and also I'd sound like an idiot for not knowing who my current AU are (even though I know who it's supposed to be).
Interesting! I understand your reluctance to call and ask suspicious questions. I agree that it would be better to find out another way.
I don't see a way to find out on the BofA website. (Some of the other cards have sections where we can manage our AUs, but BofA doesn't even provide good results for info in their search bar! "Authorized users" or "add user" search terms return results like "What is Twitter?" HA! Useless.)
I would send an email to the TL company and ask how an AU could have been removed. I wouldn't think the TL company could do it, or would do it, and would find it very difficult and rare for an AU to remove himself. The TL company is a good resource for these kinds of questions.
Also, the TL company runs credit reports on the buyers (to confirm the add occurred or didn't occur) so they will know which of the AUs were on the card as of the date of their last credit reports (IF it shows on the credit report).
If you do decide to call BofA to be sure, maybe you can call and say you want to confirm that an AU is still on. If they say "No, would you like to add him back?" ask if he was able to remove himself and say you will chat with him and find out if he removed himself and get back to them.
Frankly, I wouldn't bother. I would just communicate with the TL company to get as close to the perfect answer as possible. If the card wasn't on an AU's last credit report, it doesn't mean he's not still an AU on the card; it just didn't report correctly (yet). But if the card WAS on someone's last credit report, then you know he was an AU as of the last closing date anyway.
There's got to be like a 99% chance that someone you added is still on. And if the TL says his credit report shows he is still on (most likely), just leave it until they instruct you to remove it.
The rarity and difficulty of an AU removing himself wouldn't make it worth my while to investigate to the nth degree.
Expect closures with Discover.
I had one discover card closed last summer. They will blacklist you also, because after my card was closed, I tried to apply for a new one, ~9 months afterwards. They responded with something to the effect of "Due to your previous history, you cannot apply for more Discover cards."
My wife has a discover card that we are seasoning. Once the tradeline is old enough to sell, we plan to churn through selling as many spots as we can, before they inevitably shut down the card.
How many slots did you sell and how fast before they closed?I sold a total of 7 spots from Jan 2017 to July 2017. Never more than 2 at a time. It went like Jan 2, Mar 2, May 1, Jul 2 spots. Closed in Jul 2017.
And did you have any ther “irregular” activity around that time that would have caused them to close?No irregular activity as far as I know. I got paid for all spots. I just logged in one day and my Discover online account said I had $0 available credit. Somewhere in the middle of this thread are a few posts describing from other members what happened when they tried calling the executive office.
And were you running purchased through it as well?Yes, like $3-5 worth of amazon gc per month that where AUs.
Wow!
This is concerning. I believe, no one was reporting blacklisting before.
I got my BOA closed in the past, but not only BOA let me keep other BOA accounts, they also let me to open new ones later on.
I got my BOA closed in the past for "irregular AU activity", but not only BOA let me keep other BOA accounts, they also let me to open new ones later on.
One may want to occasionally run a larger transaction than just $3-$5 through the card a month.
I have no proof, but just put myself in the shoes of the cc company. If they look at your account and see that you add an AU and then charge only amazon GCs, that is sure screaming "Tradeline". What I do is literally use the card that the AU goes on to do the next purchase I need to do. Gas, grocery shopping, lunch out. At least it's something different every time.
Anyone had closures on discover in the last couple months?
Maybe they finished their review?
I know they were doing all sorts of reviews 3-5 months ago. Asking for documents from various people I know that do have a discover card but never had anything to do with tradelines.
One good thing about Discover is that right after you add the AU it reports it to credit agencies. Does not wait until closing statement.
I am hard to believe that only two AUs added would cause them to a) think you are selling tradelines, 2) cause them to close you down. I know that at that time Discover was pretty much asking everyone to send them a copy of drivers license and SS card and filled out ssa-89 (form they use to verify you as legit and not synthetic) and only gave you a 10 day time period to get this letter and send it back (clock started from when they mailed it to you, so really you only had 5 business days to handle and send back). Anyone who didn’t do that was closed down. So maybe it was that? Or you had a super sketch person added as an AU. But isn’t that was these middle men are paid to detect and handle?
I don’t know what all this concern is about closed cards. Yes it is good to know which ones are touchy at what time.
I have 16 cards. 7 of them I am using for personal use. 9 of them I am using for tradelines. I made 3k in three months. All my nine cards have ~3 AU lines sold. Let’s say I continue to run ten hard and do ~3 lines every two months. Let’s say five cards get closed down in six months (that would be more than expected) then I would have made 12k by then. Let’s say I keep running my five remaining cards hard for six more months and make another 4.5 k and all those then get closed down. Ok so I walk away a year from now with 16.5k. Maybe I some of those banks I can’t reopen a card with and others I can. There are plenty of banks out there. I still have my other 7 I never sold tradelines with. Maybe I just apply for some new cards and move my business over to them and start using my previous 7 cards for tradelines and make another 14k in the next year.
I am working with a different company that is aggrsssively marketing to the people who want tradelines.It is a booming area in demand and anyone who tells you otherwise is not tracking with the benefits a regular person gets from increased credit score in the idiotic buy things now on credit world we live in.
Any tips on increasing credit lines to make credit cards eligible for selling tradelines and getting paid more?
I have many cards but only 3 of them can be used for tradelines at the moment. I shifted my credit lines from other cards to those cards so other cards with the same banks have something like 1-5K credit limits. There seems to be a maximum total credit limit with issuers like Barclays and BofA because when I apply for new cards with them they no longer auto approve me even though my FICO is pretty high. I have to call them and re-distribute credit limits from other cards with the same bank to a new card before they finalize approval process and send it to me. I have a regular job and a pretty decent salary as well. Not sure what else I can do to increase my credit limit.
@MasterStache
Once you have been dabbling in travel hacking a bit longer you will see you can sign up for so many cards every few months and will soon have more cards than you can do anything with. If your credit age and depth is low and you only have three cards to your name then you shouldn’t do tradelines until you build your credit up a bit, or at least yes - take a conservative approach.
@MasterStache
Once you have been dabbling in travel hacking a bit longer you will see you can sign up for so many cards every few months and will soon have more cards than you can do anything with. If your credit age and depth is low and you only have three cards to your name then you shouldn’t do tradelines until you build your credit up a bit, or at least yes - take a conservative approach.
Been travel hacking for many years now with several dozen cards between my wife and I, but thanks for the advice. You are missing the keyword "churning." I can tell you from personal experience signing up for tons of card every few months has become increasingly difficult, again with rules being instituted by numerous CC companies. Add in blacklisting, and the going just gets tougher
@MasterStache
Once you have been dabbling in travel hacking a bit longer you will see you can sign up for so many cards every few months and will soon have more cards than you can do anything with. If your credit age and depth is low and you only have three cards to your name then you shouldn’t do tradelines until you build your credit up a bit, or at least yes - take a conservative approach.
Been travel hacking for many years now with several dozen cards between my wife and I, but thanks for the advice. You are missing the keyword "churning." I can tell you from personal experience signing up for tons of card every few months has become increasingly difficult, again with rules being instituted by numerous CC companies. Add in blacklisting, and the going just gets tougher
Ok - just pointing out the math and the rough odds. I personally think 20k over the next year even if all my 9 cards get shut down and I get blacklisted with those banks (4) would be worth it and I think that all of them being shit down and being completely blacklisted with all of ten is beyond all datapoints seen. Like from what I have seen BofA might close your one card but let you open another.
And if those 4 banks all blacklisted me there are plenty of other banks to go to. And banks are not fancy enough from what I see to cross reference black lists.
Just putting out the numbers for “worst case” scenarios.
But each to their preference.
I haven't read all of those ~3000 posts, but it seems this strategy applies to the US only. How many banks are there that accept foreigners opening cards? In case it's not possible, are there markets with characteristics similar to the US (consumerism, highly developed financial system, tradeline/piggyback companies available...) that welcome foreigners to enter? Thank you.
Got an email this evening for a last minute add as they call it requesting the add by the end of day tomorrow for my Discover card. This is the first add I've had in 10 months or so and I'm not sure why the add must be done by tomorrow. My statement closing date isn't until the 2nd and I have a payment slated to go at the end of the week to pay off the balance, which due to a large purchase exceeds 15% utilization. I can move the payment up to tomorrow so it will hopefully post but I didn't even think this would show on the AUs credit report until at least my close date. Is that right? I feel bad but I may not be able to take this add also due to traveling and poor internet access.
Got an email this evening for a last minute add as they call it requesting the add by the end of day tomorrow for my Discover card. This is the first add I've had in 10 months or so and I'm not sure why the add must be done by tomorrow. My statement closing date isn't until the 2nd and I have a payment slated to go at the end of the week to pay off the balance, which due to a large purchase exceeds 15% utilization. I can move the payment up to tomorrow so it will hopefully post but I didn't even think this would show on the AUs credit report until at least my close date. Is that right? I feel bad but I may not be able to take this add also due to traveling and poor internet access.
Discover does not not wait until closing statement, it reports AUs immediately.
I'd move up the payment and add the AU (probably will take about the same amount of time as it took to write this post--3-5 min), but email them immediately if you can't.
They've seen increased sales, and people not seeing sales have seen them, but a bunch of people have flaked on doing the adds, so they've had to remove some people (thus seeing increased activity going forward for those who do their adds).
from very breif research some apparently, like Amex, may let you "transfer" your credit history from other countries they are in, if you have cards with them, but Amex doesn't work for tradelines.Thanks @rebel, that's also what my prior research turned out. How unfortunate.
Read this:from very breif research some apparently, like Amex, may let you "transfer" your credit history from other countries they are in, if you have cards with them, but Amex doesn't work for tradelines.Thanks @rebel, that's also what my prior research turned out. How unfortunate.
On a related note, from what I read on the net, one of the better ways to get an SSN is to work for a US company. But can I work outside the US while still benefit from the SSN? Are there even better, easier methods to get SSNs? Oh, and are there any members here on MMM fora who own a business & are kind enough to give me a token job?
@dragoncar
Perhaps you should have been doing more adds and it would have been more worthwhile. If you were doing two slots every two months for a year and then been shut down you would have walked away with 2k (assuming this is a 10k plus line that is over 2 years old). Instead you did two slots and then nothing for a year and then were shut down.
There is a lot of demand out there for these lines. I am using a different company than the old or new, but all I am saying is there is demand. The company I work with takes several actions to vet users and I am sure the new and old companies do to - but nothing is foolproof.
This advice is gold. Right up there with “make more money” and “be more attractive”
New company has been very quiet for me lately
I didn't get that email. Care to share the list of banks?
I received an email from the new company that they will no longer accept USAA, Cap 1, US Bank, or Elan. They expect it to be temporary while the companies do internal reviews.
I didn't get that email. Care to share the list of banks?
This advice is gold. Right up there with “make more money” and “be more attractive”
To be fair, have you even tried those things?
It’s still possible to tryThis advice is gold. Right up there with “make more money” and “be more attractive”
To be fair, have you even tried those things?
It's not possible for those of us who are butt ugly and stupid.
It’s still possible to tryThis advice is gold. Right up there with “make more money” and “be more attractive”
To be fair, have you even tried those things?
It's not possible for those of us who are butt ugly and stupid.
Read this: https://www.ssa.gov/pubs/EN-05-10096.pdfThanks Orin! It's a legal document, and my head gets a little dizzy whenever it comes to reading such, but I think there are answers to my questions:
The short version - with my brief understanding - is you have to get a USA work visa and then you can get a ssn. I do not know all the ins and outs on getting a work visa but I do not think it would be worth it just to get a ssn to build credit and eventually have lines worth selling for tradelines. To get a work visa I believe you would need to get someone to sponsor you and there would be fees.Read this: https://www.ssa.gov/pubs/EN-05-10096.pdfThanks Orin! It's a legal document, and my head gets a little dizzy whenever it comes to reading such, but I think there are answers to my questions:
- No I won't be able to work outside the US & get an SSN, at least at 1st.
- Working is still the best method.
Please correct me if I'm wrong. For the last part of my questions, maybe I'd have to post at the 'Ask a Mustachian' forum...
You two are very kind. Orin! It's beginning to dawn on me that maybe it's not worth it, as you said. Following CanuckExpat's mentioned way incurs different fees on its own. Not to mention even if I'm successful after a long quest to have 10+ credit cards, I'd still have to spend on stuffs to build up my score & suffer the annual fees for nearly 10 years before they're ripe for tradelines.
Secondly, I'm too unfamiliar with the scene that I don't have the proper numbers; and even if I had, I wouldn't be able crunch the numbers to see if it's a worthy investment or not.
You don't need a good credit score to sell tradelines, all that matters is that the tradeline in question is clean: low credit utilization, no late payments. All your other credit pieces could be crap (or nonexistent), but that doesn't hurt the tradeline buyer.That bolded part is quite an eye-opener for me, merula :) Then from an MMM or any financial-aware guy's perspective, there's no reason not to churn the cards! Could you please point me to some thread or article that teaches the know-how?
You also don't have to pay annual fees to sell tradelines. It's just that most people participating from this forum started with credit card churning (in which you sign up for a bunch of cards to get the bonuses), and bonuses are higher for annual-fee cards, so those were the cards available to a lot of people when they learned about tradelines.
A question about credit score: what would be my score if I just register for a card & leave it as is? Or should I just buy 1 & only 1 thing, pay it back right away & enjoy all the mentioned prerequisites of low credit utilization & no late payments for, like, eternity?
Or should I just buy 1 & only 1 thing, pay it back right away & enjoy all the mentioned prerequisites of low credit utilization & no late payments for, like, eternity?
That bolded part is quite an eye-opener for me, merula :) Then from an MMM or any financial-aware guy's perspective, there's no reason not to churn the cards! Could you please point me to some thread or article that teaches the know-how?There's a journal here on the forums dedicated to credit card churning and how to manufacture spending to meet the spending requirements of the sign up bonuses.
For the bonuses, you will probably have to spend a certain amount of money in the first few months. For example, charge $2000 on the card in the first 3 months.Another reason for canceling the card when churning is that sometimes you can get the sign up bonus for a credit card product again if you haven't had that product for more than a year or two. Typical churning pattern is: apply for the card, get the card, meet the spend requirement, pay off the balance, collect the bonus, cancel the card. It doesn't usually take more than a few months per card if you meet the spend requirement quickly. Usually the bonus isn't available to collect until a month or two after the statement where you first fulfilled all the requirements.
With trade lines the eternity part of your statement makes sense. Without trade lines, I would cancel the card before the one-year anniversary in order to avoid the annual fee. An annual fee of $95 or $199 is acceptable if I'm getting even one sale on the card per year.
I used to be a churner, but selling tradelines is MUCH more lucrative, and for far less work.
The two activities aren't entirely mutually exclusive, but there are some conflicts. For tradeline selling, you want to build your credit limits up and let them age, while with churning, you don't really care about credit limits or age as long as you meet the spend requirements, and you're constantly opening/closing cards.
So what I do now is, every year, I pick 2 or 3 cards, novel to me, that have good sign-up bonuses. Go through the process to get the bonuses, then don't close the cards. Let them age, and then refer them to the TL companies when they mature. Because I don't close the cards, I can't get repeat bonuses, but that's ok, like I said, because selling the TLs is so much more lucrative. I'm on year 3 of this, and I'm running out of cards to sign up for.
Thank you for your interest in our program! We are currently only looking for cards with a minimum $10,000 credit limit, at least 5 years of history, and from one of the following bank issuers: Barclay, Discover, PNC, USAA, Elan, Cap One
So I tried to enter the game with the old company and got back this email. Seems like they went very strict on the cards they are accepting now. Very few banks and harder limits.QuoteThank you for your interest in our program! We are currently only looking for cards with a minimum $10,000 credit limit, at least 5 years of history, and from one of the following bank issuers: Barclay, Discover, PNC, USAA, Elan, Cap One
They'll lower it again at some point as either cards are cancelled, withdrawn, or business grows, I'm sure.
I would cancel the card before the one-year anniversary in order to avoid the annual fee.Then it would cost you practically nothing, aside from some telephone call fee & time to manage the stuff, am I getting it right? :)
I just converted my amex point earnings from 2 cards to $1750 of Charles Schwab index funds (love their super low cost international fund).Wow this is great, for it looks like there are ways to convert bonuses to cash! And my country has Amex, too! Could you elaborate a little more?
And my country has Amex, too! Could you elaborate a little more?
The bonuses are bigger for annual-fee cards doesn't mean they are bigger than the annual fees. Not to mention that usually the bonuses come in form of air miles (that link robartsd kindly show me) or gift cards, coupons... In other words, you have to spend more on stuffs to get the bonuses - which seems to contradict the MMM spirit, no?
Has anyone ever had the same AU make a second request to be added to one of your tradelines? I just got an email from new company asking me to add "X" as an AU to my Discover card. The "X" name rang a bell, so I checked and I had added this same person as an AU to my Citibank card in Sept 2017. This seems weird to me, but I guess someone is wanting to bump their credit score up higher than before.
Has anyone ever had the same AU make a second request to be added to one of your tradelines? I just got an email from new company asking me to add "X" as an AU to my Discover card. The "X" name rang a bell, so I checked and I had added this same person as an AU to my Citibank card in Sept 2017. This seems weird to me, but I guess someone is wanting to bump their credit score up higher than before.
Has not happened to me but I would not be alarmed.
Has anyone ever had the same AU make a second request to be added to one of your tradelines? I just got an email from new company asking me to add "X" as an AU to my Discover card. The "X" name rang a bell, so I checked and I had added this same person as an AU to my Citibank card in Sept 2017. This seems weird to me, but I guess someone is wanting to bump their credit score up higher than before.
Has not happened to me but I would not be alarmed.
The trade lines sell packages like “two high limit cards plus 4 newer cards for $2000”
So the trade line may try to match clients that are already on your trade line since it makes it seem more legitimate (one less strange address on their credit report)
I wanted to put out a PSA of sorts.
There is a poster who PM'd me suggesting a new company. The web site sounded familiar, so I contacted @arebelspy . He confirmed that it was one discussed previously in the thread and that this company did not properly vet AUs (in his view, which I trust). If you received such a PM recently from another forum member, I would suggest you read back through the thread before making a decision.
I am only putting this out there because I don't want to see anyone burned by bad AUs.
I've been with the "new" company for a little over 2 weeks now... Not a word. :|
Anyone else not getting AUs? I have 3 cards up (2 years old, 10k each). Hmm...
I've been with the "new" company for a little over 2 weeks now... Not a word. :|
Anyone else not getting AUs? I have 3 cards up (2 years old, 10k each). Hmm...
I think this is the slow time of year. I've been filled up every month on my Barclays card all year until this one (only a few days until my August closing date). My other cards are empty this month too, first time this year for that as well.
I've been with the "new" company for a little over 2 weeks now... Not a word. :|
Anyone else not getting AUs? I have 3 cards up (2 years old, 10k each). Hmm...
Has anyone ever had the same AU make a second request to be added to one of your tradelines? I just got an email from new company asking me to add "X" as an AU to my Discover card. The "X" name rang a bell, so I checked and I had added this same person as an AU to my Citibank card in Sept 2017. This seems weird to me, but I guess someone is wanting to bump their credit score up higher than before.
I've been with the "new" company for a little over 2 weeks now... Not a word. :|
Anyone else not getting AUs? I have 3 cards up (2 years old, 10k each). Hmm...
I'm with the new company and noticed that when I add a new card, the "My Cards" page on their website shows "UNAVAILABLE" for both cells/fields for the month in which I added the card; and only shows "AVAILABLE" for the next months after the month in which the card was added.
Look on your "My Cards" page and click the blue "expand all" bar. There's an array with the months labeled at the top and two (or three) cells in each column. They either say "AVAILABLE", "UNAVAILABLE" or "John Smith" (have the name of the AU).
Hey everyone,
I got a new baby on the way and I’m in Desperate need of an extra income. How’s the authorized user business? Is it dependable? How long does it take to get started? I’ve done my research and found a few companies but they have no reviews. I would appreciate your feedback on your companies to see which one I should choose and trust.
Is anyone else worried about having their home address on a bunch of random people's credit reports?
I'm planning on moving in the next year or so, and wondering if I should pay for a UPS Store box or travelling mailbox service for all my banking going forward, including AU sales. I could make up the ~$200/yr in AU sales pretty easily, but wondering if I'm just being paranoid and throwing money away.
Is anyone else worried about having their home address on a bunch of random people's credit reports?
I'm planning on moving in the next year or so, and wondering if I should pay for a UPS Store box or travelling mailbox service for all my banking going forward, including AU sales. I could make up the ~$200/yr in AU sales pretty easily, but wondering if I'm just being paranoid and throwing money away.
I bought a tradeline once. (I think everyone who wants to sell tradelines should buy at least one.)
I didn't get any info about the cardholder. Just info about the card: open date, current balance, payment history.
Is anyone else worried about having their home address on a bunch of random people's credit reports?
I'm planning on moving in the next year or so, and wondering if I should pay for a UPS Store box or travelling mailbox service for all my banking going forward, including AU sales. I could make up the ~$200/yr in AU sales pretty easily, but wondering if I'm just being paranoid and throwing money away.
I bought a tradeline once. (I think everyone who wants to sell tradelines should buy at least one.)
I didn't get any info about the cardholder. Just info about the card: open date, current balance, payment history.
Interesting. So it didn't show up as an address on your credit report?
Is anyone else worried about having their home address on a bunch of random people's credit reports?
I'm planning on moving in the next year or so, and wondering if I should pay for a UPS Store box or travelling mailbox service for all my banking going forward, including AU sales. I could make up the ~$200/yr in AU sales pretty easily, but wondering if I'm just being paranoid and throwing money away.
I bought a tradeline once. (I think everyone who wants to sell tradelines should buy at least one.)
I didn't get any info about the cardholder. Just info about the card: open date, current balance, payment history.
Interesting. So it didn't show up as an address on your credit report?
I never thought to look in the address section of the credit report. But I did just now, and sure enough, there is a strange address in there I don't recognize.
Dang it! Now I guess I'll have to get a private PO box.
Something to keep in mind if you have someone close to you who needs a boost that you don't want to add to a card being used for tradelines.
My niece's husband needed some help with his credit score for a car loan, so I added him to several of my cards - three of which were AmEx. I had her send me an update each time his credit score updated with a new account. All told, his score went from a 550 to a 720! Several of the larger boosts he got were when an AmEx card posted. While arebelspy is correct that they show as being a new account and you don't get the age benefit, it seems that the available credit portion made up for that. Total available credit from AmEx from the cards that I added him to was ~$50,000 total from three cards. Obviously, other factors on their credit (bankruptcy, foreclosures, etc.) may keep it from having as significant of an impact as it did in his case, but AmEx cards can help. Something to keep in mind if you have someone close to you who needs a boost that you don't want to add to a card being used for tradelines.Yes, the benefit from a new high-limit/low utilization card being added to your report would depend on the type of credit history you have; an aged card with similar limit and utilization would always be better though. I don't know why the industry doesn't all work more like Amex - I think it would make credit scores more reliable.
I've had issues with Discover's website. I ended up using the Edge browser, and it works. Maybe a conflict with one of my extensions? IDK.
A data point I've noticed with the new company is that on one of my cards, I mostly get AU requests from people who live within like 20 miles of me. I live in a major city with a significant immigrant population, I wonder if it is just coincidence, or, if they're keeping it to locals to make it seem like it's people I might reasonably know. 9 times out of 10, AUs on that card have been from addresses I might actually have driven past on my way to work.
You should stop on your way in, get out of the car and yell at the building "YOU'RE WELCOME!".
ducky19,
I wanted to let you know that AU's on AmEx cards post like they just got a new card for whatever your limit is, so they don't add to the Average Age of Accounts. Won't help your friends credit much if any.
ducky19,
I wanted to let you know that AU's on AmEx cards post like they just got a new card for whatever your limit is, so they don't add to the Average Age of Accounts. Won't help your friends credit much if any.
This probably depends on his credit profile. For someone with a low overall credit limit, increasing the limit can have a very big impact. For another person who already has a very large overall credit limit, the new credit might have a small negative impact. Typically those with poor credit can use the benefit of a higher overall credit limit. Credit available to credit used ratio is a large component of credit score modeling.
My niece's husband needed some help with his credit score for a car loan, so I added him to several of my cards - three of which were AmEx. I had her send me an update each time his credit score updated with a new account. All told, his score went from a 550 to a 720! Several of the larger boosts he got were when an AmEx card posted. While arebelspy is correct that they show as being a new account and you don't get the age benefit, it seems that the available credit portion made up for that. Total available credit from AmEx from the cards that I added him to was ~$50,000 total from three cards. Obviously, other factors on their credit (bankruptcy, foreclosures, etc.) may keep it from having as significant of an impact as it did in his case, but AmEx cards can help. Something to keep in mind if you have someone close to you who needs a boost that you don't want to add to a card being used for tradelines.
Open question to the thread audience:
I have a Chase card listed with New Company with 2 AU slots. Both slots are currently filled with New Company clients. But one AU was added in April and - I think - should have come off by now.
I have a private client interested in a slot on this same Chase card.
I have asked New Company about the April AU and they say I need to leave that AU on until September, which seems way too long. I have shared this opinion with them but they haven't gotten back to me yet today.
1. Has anyone had experience with having 3 AUs on a Chase card - pro or con?
2. Would you:
a. Wait for mid-September to remove the April AU, possibly disappointing and/or losing the private client?
b. Add the private client now and have three AU's for a bit, possibly jeopardizing the two AU's with New Company and the Chase line?
c. Remove the April AU early and hope that New Company doesn't notice, possibly jeopardizing relationship with New Company?
d. Other?
Open question to the thread audience:
I have a Chase card listed with New Company with 2 AU slots. Both slots are currently filled with New Company clients. But one AU was added in April and - I think - should have come off by now.
I have a private client interested in a slot on this same Chase card.
I have asked New Company about the April AU and they say I need to leave that AU on until September, which seems way too long. I have shared this opinion with them but they haven't gotten back to me yet today.
1. Has anyone had experience with having 3 AUs on a Chase card - pro or con?
2. Would you:
a. Wait for mid-September to remove the April AU, possibly disappointing and/or losing the private client?
b. Add the private client now and have three AU's for a bit, possibly jeopardizing the two AU's with New Company and the Chase line?
c. Remove the April AU early and hope that New Company doesn't notice, possibly jeopardizing relationship with New Company?
d. Other?
If it was added in April (and closed in April), 3 months is the max. I'd read your agreement carefully, and check with them again and clarify if the AU has paid to be on longer (and, if so, when your extra payment will be). The owner is out of town for the next week, but any of the other primary ladies you've dealt with should be able to look it up if you email them directly (PM me if you need the info).
I wouldn't do b, personally. Not worth raising flags with Chase.
I'd ask about if they paid to extend, and, if so, do A. If not, do C.
QuoteI paid the minimum for those two months.
You felt paying interest would look less suspicious?
NO, Once Cap One placed me on restricted status, I was not able to add AU, however the ones on there still posted. I paid the minimum to make my small balance last 3 months, in that way I am assured the AU will post adn I will get paid for those two. But now we are done - unable to add any more AU.
FWIW, in the portal in the card history, it shows from June to December with the other AU filling a slot in August and September. All the other slots are listed as AVAILABLE or UNAVAILABLE; the April AU is not listed anywhere on that screen.The AU that they claim is supposed to be on for at least 5 months doesn't even show on the screen???
FWIW, in the portal in the card history, it shows from June to December with the other AU filling a slot in August and September. All the other slots are listed as AVAILABLE or UNAVAILABLE; the April AU is not listed anywhere on that screen.The AU that they claim is supposed to be on for at least 5 months doesn't even show on the screen???
I did have an AU re-up, but they notified me of that fact.
ETA: But this does seem to indicate that the removal notices are either not fully automated or are not perfectly processed. I think this is the second time I've had to ask about removing with New Company when the AU had been on a longer time that I thought.Agreed. Their communication is not that great. Perhaps simply because they were overwhelmed with MMM folks the past 2 years and grew way too fast. Even though I did have some sales for the 11 months I've been doing this, I have rested my cards with them and moved elsewhere.
ETA: But this does seem to indicate that the removal notices are either not fully automated or are not perfectly processed. I think this is the second time I've had to ask about removing with New Company when the AU had been on a longer time that I thought. I do know that I have an AU on one of my cards that they're wanting me to leave on for longer because of an ongoing audit...IIRC that is one with USBank.
ETA: But this does seem to indicate that the removal notices are either not fully automated or are not perfectly processed. I think this is the second time I've had to ask about removing with New Company when the AU had been on a longer time that I thought. I do know that I have an AU on one of my cards that they're wanting me to leave on for longer because of an ongoing audit...IIRC that is one with USBank.
Yeah, that's really weird. I've always gotten notified when it's time to remove an AU. I wonder if they turned off notifications for removal for you because of that one or something?
ETA: But this does seem to indicate that the removal notices are either not fully automated or are not perfectly processed. I think this is the second time I've had to ask about removing with New Company when the AU had been on a longer time that I thought. I do know that I have an AU on one of my cards that they're wanting me to leave on for longer because of an ongoing audit...IIRC that is one with USBank.
Yeah, that's really weird. I've always gotten notified when it's time to remove an AU. I wonder if they turned off notifications for removal for you because of that one or something?
Maybe. To be clear, I think I have been notified to remove AU's by automatic portal email in the past. But it's not 100% of the time, which is odd but instructive. :shrug:
I would expect that if you had zero balance, it wouldn't report. If the buyer needed that report to up his score, that didn't happen, so he's going to want his money back so you're not getting paid.
If you're lucky, the buyer already took a snapshot of his score and whoever he's trying to buy from already checked and recorded his score from a previous month and he actually doesn't need it anymore, in which case, you'd be in the clear.
When I have an AU, I go buy $10 in gas on each card with an AU on it in one visit. That way, it's done.
I actually do the same thing with my low balance forgiveness card. Pump in $0.95, then $1.99 with another, then $0.93 with another..... I do tend to pick dead times of the day to do that and if the station gets busy, I stop and mark my list for cards used, then resume next time.
I am still being instructed in my portal to remove au on a specific date but I never get notifications via email. This applies to my boa and Citi cards with new company.
Talked to the TL company about the notifications. They believe everything is working as normal, but people not getting notifications are likely expecting them for Capital One or US Bank, both of which are on hold (apparently even from removing AUs) due to ongoing audits. I guess removing AUs right now during the audit may raise a red flag? I guess this was mentioned in a recent email newsletter they sent out.
Additionally, B of A, Capital One, and Chase cards require AUs to stay on for 75 days after the card reports (approximately 82 days from the add request), rather than 60 days of other issuers.
Email them if you have any questions, or PM me and I can try to get it addressed.
I am still being instructed in my portal to remove au on a specific date but I never get notifications via email. This applies to my boa and Citi cards with new company.
Do you get the texts?
I got an email/text today. If it's just the emails not showing up, maybe your ISP is filtering them as spam or something?
BoA doesn't have an auto payment option (it's the only card that doesn't) so I have to log on manually and schedule a payment.
BoA doesn't have an auto payment option (it's the only card that doesn't) so I have to log on manually and schedule a payment.
I have 4 BoA cards and they're all on auto payment. They could be cumbersome or somewhat hidden to get to, but they're definitely there somehwere.
Do you use Amazon ever? Set up an Amazon gift card balance auto fill for $2, and a BofA auto pay for $2.
Assuming you spend at least $24/yr on Amazon, you'll use the small gift balance eventually.
Good to know. Same principle though.
I'm betting most people in the US, on this forum, that don't boycott Amazon spend at least $60/yr there.
BoA doesn't have an auto payment option (it's the only card that doesn't) so I have to log on manually and schedule a payment.
I have 4 BoA cards and they're all on auto payment. They could be cumbersome or somewhat hidden to get to, but they're definitely there somehwere.
There is an auto payment option but only for a fixed dollar amount, I cannot choose to pay the balance in full. Legend has it that it can technically be done if I want to call boa and request a special form that I fax back after filling out with my bank details and signing. I thought I was going crazy because surely they must have auto payment option like every other card in existence? but no, they make it intentionally cumbersome. I decided to boycott boa rather than jump through those hopes so I didn't use the card for several years. I've only started using it again since I started selling tradelines and they still have no auto payment option
My mustachian problem of the day is that my oldest card I want to start selling Tradelines on declined raising the limit due to low utilization of the card. I guess my monthly charity contribution for the last two years to keep the account "active" is meaningless. Now I will have to switch spending over to it for a month? one billing cycle? before requesting again. Wonder how much is "enough."
Anybody got a clue?
My mustachian problem of the day is that my oldest card I want to start selling Tradelines on declined raising the limit due to low utilization of the card. I guess my monthly charity contribution for the last two years to keep the account "active" is meaningless. Now I will have to switch spending over to it for a month? one billing cycle? before requesting again. Wonder how much is "enough."
Anybody got a clue?
I have exactly the same problem. My plan is to switch to that card until I'm allowed to ask for a CL increase again, 6 months.
My mustachian problem of the day is that my oldest card I want to start selling Tradelines on declined raising the limit due to low utilization of the card. I guess my monthly charity contribution for the last two years to keep the account "active" is meaningless. Now I will have to switch spending over to it for a month? one billing cycle? before requesting again. Wonder how much is "enough."
Anybody got a clue?
I have exactly the same problem. My plan is to switch to that card until I'm allowed to ask for a CL increase again, 6 months.
I did a double take at your 6 months before requesting again, and went to go look at my rejection letter. 6 months only comes up as the wait time if the limit got changed. Since I was rejected, not approved for "too little" There is no wait time for me so far as I can see based off the letter.
I did a double take at your 6 months before requesting again, and went to go look at my rejection letter. 6 months only comes up as the wait time if the limit got changed. Since I was rejected, not approved for "too little" There is no wait time for me so far as I can see based off the letter...... declined raising the limit due to low utilization of the card.....Now I will have to switch spending over to it for a month? one billing cycle? before requesting again. Wonder how much is "enough." Anybody got a clue?I have exactly the same problem. My plan is to switch to that card until I'm allowed to ask for a CL increase again, 6 months.
Well, I wonder how many months of elevated activity they would like to see before granting the request? My guess is 1 month is too low; 6 months is probably more in the range.
BoA doesn't have an auto payment option (it's the only card that doesn't) so I have to log on manually and schedule a payment.
I have 4 BoA cards and they're all on auto payment. They could be cumbersome or somewhat hidden to get to, but they're definitely there somehwere.
There is an auto payment option but only for a fixed dollar amount, I cannot choose to pay the balance in full. Legend has it that it can technically be done if I want to call boa and request a special form that I fax back after filling out with my bank details and signing. I thought I was going crazy because surely they must have auto payment option like every other card in existence? but no, they make it intentionally cumbersome. I decided to boycott boa rather than jump through those hopes so I didn't use the card for several years. I've only started using it again since I started selling tradelines and they still have no auto payment option
I am set up for autopay balance in full on my BofA cards, and I didn't have to fax anything. They do make it quite tricky to set up, though. IIRC it's a two step process of enabling e-bills and then doing the autopay but they don't call it autopay.
I don't know if it's still true but years ago BofA used to have different IT setups for different states and regions. If that is still so, it may be a YMMV situation.
Can you remove an authorized user from Citi via secure message? Has anyone tried and succeeded in it? Thanks.
BoA doesn't have an auto payment option (it's the only card that doesn't) so I have to log on manually and schedule a payment. I have a monthly reminder set up for the day after closing and I log on an schedule the full payment for the due date. I usually leave the reminder up on my phone and just make my next purchase charged to the card, then I clear out the reminder. I may lose some cash back by using my BoA 1% card instead of a better card for whatever the next purchase is, but the tradeline income easily makes that worthwhile. Between my crazy ass busy job, and my crazy ass wife, and my crazy ass infant that is having sleep issues I am just floating through life like a zombie on auto pilot. I pretty much just move from task to task constantly chugging my way through life without much thought about anything. If it's important I write it down on a list or create a reminder for it, and then I clear that mental bandwidth and don't worry about it until I get reminded or I'm crossing items off my list. I thought I made a charge to the card and cleared the reminder, but apparently I never charged anything. I did add an AU before the closing date (but after last month's closing date), so I would expect that if this $0 balance didn't post that they would see no change in their score. I'm hoping it posts anyway. So far it is listed as neither "posted" or "did not post" in my portal.I don't usually pay any my credit cards through the issuer's website, I pay them through bill pay on my Capital One 360 account. Capital One 360 is set up to receive the bill electronically and automatically set up the payment to pay off the balance. You might see if you can set up BoA to be paid off automatically like this. I prefer this over having the issuer pull the payment because the scheduled payment shows up in my Capital One 360 account allowing me to project future balances of the account more easily.
https://thefinancebuff.com/autopay-bank-america-credit-card.html
Apparently there are two options, both somewhat convoluted, to set up auto pay. When I last inquired I was informed about filling out the form that I had to fax (or snail mail) back, and it took at least 1 billing cycle to set up. Technically doable, but my response at the time was "fuck you boa, how about I just never use your card again" just out of spite for them making it so damn difficult. Literally every other bill I have can be set up to auto pay in the full amount perpetually with just a few minutes and a few clicks.
https://thefinancebuff.com/autopay-bank-america-credit-card.html
Apparently there are two options, both somewhat convoluted, to set up auto pay. When I last inquired I was informed about filling out the form that I had to fax (or snail mail) back, and it took at least 1 billing cycle to set up. Technically doable, but my response at the time was "fuck you boa, how about I just never use your card again" just out of spite for them making it so damn difficult. Literally every other bill I have can be set up to auto pay in the full amount perpetually with just a few minutes and a few clicks.
Navigating Bank of America's site to set up credit card auto pay is like the search for the holy grail.
https://thefinancebuff.com/autopay-bank-america-credit-card.html
Apparently there are two options, both somewhat convoluted, to set up auto pay. When I last inquired I was informed about filling out the form that I had to fax (or snail mail) back, and it took at least 1 billing cycle to set up. Technically doable, but my response at the time was "fuck you boa, how about I just never use your card again" just out of spite for them making it so damn difficult. Literally every other bill I have can be set up to auto pay in the full amount perpetually with just a few minutes and a few clicks.
Navigating Bank of America's site to set up credit card auto pay is like the search for the holy grail.
Have had a couple adds with my 2 Discover cards recently. Just added an AU to one of them yesterday, the add seemed to go through fine online. Today I get a call from Discover's fraud prevention department. Asked me if the AU's were added by me. Yes. What is your relationship with them? Ahhh... business associates.... ?
They asked me to verify the last names of all the AU's on each card. Anyway, I had my spreadsheet handy so I answered them fine and they let it all go through.
But now I'm nervous.
Is the 2-year age a hard and fast minimum? I have a few 18-month old cards, including Duscover with $19k limit.
FYI, Barclays AU limit (if it exists) must be more than 36 AU's. I had asked earlier in the thread and others mentioned or asked as well. If I hit a limit, I will post again.Closer to 50 ime
Happy 4th, yall! :)
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I assume either one of two things is going onWhy would someone spend money boosting the credit score of a stolen identity?
1. Someone stole the person's identity and was using the tradeline to boost her credit score. She caught it and is trying to clean up the mess.
2. She signed up for the tradeline without understanding how it worked. Then she freaked out when she saw a stranger on her report.
I'm expecting #1 to be the case, but hoping for #2.
I assume either one of two things is going onWhy would someone spend money boosting the credit score of a stolen identity?
1. Someone stole the person's identity and was using the tradeline to boost her credit score. She caught it and is trying to clean up the mess.
2. She signed up for the tradeline without understanding how it worked. Then she freaked out when she saw a stranger on her report.
I'm expecting #1 to be the case, but hoping for #2.
I'm having my first real problem with a tradeline. This is with the old company.
After my information showed up on her credit report, one of my AUs called Citi and told them that they didn't know me. Citi put a fraud alert on my account. I called in and verified the names of the AUs and then they told me what happened. I wasn't sure what to do on the call, so I told them that I'd get back to them. I've got an email in to the tradeline company to see how to handle this.
I assume either one of two things is going on
1. Someone stole the person's identity and was using the tradeline to boost her credit score. She caught it and is trying to clean up the mess.
2. She signed up for the tradeline without understanding how it worked. Then she freaked out when she saw a stranger on her report.
I'm expecting #1 to be the case, but hoping for #2.
I'm having my first real problem with a tradeline. This is with the old company.
After my information showed up on her credit report, one of my AUs called Citi and told them that they didn't know me. Citi put a fraud alert on my account. I called in and verified the names of the AUs and then they told me what happened. I wasn't sure what to do on the call, so I told them that I'd get back to them. I've got an email in to the tradeline company to see how to handle this.
I assume either one of two things is going on
1. Someone stole the person's identity and was using the tradeline to boost her credit score. She caught it and is trying to clean up the mess.
2. She signed up for the tradeline without understanding how it worked. Then she freaked out when she saw a stranger on her report.
I'm expecting #1 to be the case, but hoping for #2.
Really strange. Just imagining the conversation between the AU and Citi -- I have a credit card on my CR of which I can only give you the last 4 digits. I don't have any such credit card could you tell me how it got there? And Citi then gave her all the information about the Primary Cardholder so she can verify if it sounds alright. She would not see any of the primary cardholder's information on her CR. Sometimes the address might show up on her CR but it usually takes a couple of cycles. I'm wondering if this is part of some other elaborate scheme. It's a jungle out there ...
I assume either one of two things is going onWhy would someone spend money boosting the credit score of a stolen identity?
1. Someone stole the person's identity and was using the tradeline to boost her credit score. She caught it and is trying to clean up the mess.
2. She signed up for the tradeline without understanding how it worked. Then she freaked out when she saw a stranger on her report.
I'm expecting #1 to be the case, but hoping for #2.
Can you remove an authorized user from Citi via secure message? Has anyone tried and succeeded in it? Thanks.Coincidentally, the old company addressed this during our communication. If this is correct, then using a secure message should work to remove a tradeline for any issuer.
Leslie assured me that there was no way for the AU to get my name from the tradeline company or the credit report. The credit report would only show the credit card issuer and possibly the card holder's address. She was able to check the AU's Experian credit report and my address is on it.It is certainly possible to get your name from a home address. I'm surprised you've never tried that before. Very easy if the locality has a GIS portal tied to Recorder's Office records. It's public information after all. Now if you bought the house via a trust, corporation or some other legal entity, that's an extra level they'd have to dig.
This went much smoother than I expected.
Leslie assured me that there was no way for the AU to get my name from the tradeline company or the credit report. The credit report would only show the credit card issuer and possibly the card holder's address. She was able to check the AU's Experian credit report and my address is on it.It is certainly possible to get your name from a home address. I'm surprised you've never tried that before. Very easy if the locality has a GIS portal tied to Recorder's Office records. It's public information after all. Now if you bought the house via a trust, corporation or some other legal entity, that's an extra level they'd have to dig.
If you want to find a persons name from an address here is an easy way to do it.
https://www.truepeoplesearch.com/
Question on Chase card. I added via the website. There was no place for SS#. I got an email from Chase fraud that it was added and to call if I did not. Since they don't have social how do they give history to that person or do I have to call to add that?
Does anyone have info on the old company? I would like to try some cards there. I think they ran a promotion a few months back
Old tradeline company is looking for cards with high limits (over 20k, at least 5 years old) or very old (over 8 years, any limit).
Companies: Discover, Barclays, US Bank, PNC, Capital One, USAA, NFCU, Bank of America, Chase
If you have a very old/high limit card (45k+, 8+ years old), they're offering a $200 signup bonus right now (actually a referral bonus, but if you use my signup info they'll send it to you when your first AU payment posts).
Overall, nothing's changed on my recommendations; I'd be using new company on cards that are 2+ years, 5k+ limits, or old company on 10k+/5+yr cards.
I continue to look into other companies, and check in with ones I've looked into before, to see if anything has changed and I can recommend them, but for now, still just these two. :)
When you add an AU's address, the card should not be sent to them. You should always confirm this with the customer support person (that the card will be mailed to you), but this is standard practice.
Can anyone advise me on Elan cards? I added an AU by phone and it did not work. They took SSN but I was confused by their handling of cards... Should I supply the AU's address over the phone? If so, how do I stop the card from going to that address? Elan's process is a bit behind some of the other companies, it seems to me.
Thanks for any info!
Can anyone advise me on Elan cards? I added an AU by phone and it did not work. They took SSN but I was confused by their handling of cards... Should I supply the AU's address over the phone? If so, how do I stop the card from going to that address? Elan's process is a bit behind some of the other companies, it seems to me.
Thanks for any info!
Were you able to successfully add the AU?
I just added my Fidelity/Elan card. New Company was wary of the Fidelity card possibly not working.
I didn't want to keep blowing up Joe's inbox.
For Chase cards, if you are caught they close all of your cards, do they also ban you from opening cards in the future or no?
I think as a churner, I probably will never be able to get another chase card anyway due to 5/24 (I currently have 3). So i think my best play is to transfer out all my reward points, or use them all. Then sell AUs until I get caught. Does this sound like the best course?
So I've generally tried to keep things simple and I've only had one credit card for the past 7 years, but never had a late payment and a good credit score. New to the forum and just learned about this and if I can leverage my existing behavior into mostly passive income, I'm pretty interested. I don't want to use my main credit card since I've read Chase can come down on you pretty hard if caught but I'm willing to be patient. If I'd like to open a credit card (or multiple ones) and wait the years necessary for them to be usable on this, which credit cards would be best? Or are any of the eleven issuers listed in the first post equally good still?
So I've generally tried to keep things simple and I've only had one credit card for the past 7 years, but never had a late payment and a good credit score. New to the forum and just learned about this and if I can leverage my existing behavior into mostly passive income, I'm pretty interested. I don't want to use my main credit card since I've read Chase can come down on you pretty hard if caught but I'm willing to be patient. If I'd like to open a credit card (or multiple ones) and wait the years necessary for them to be usable on this, which credit cards would be best? Or are any of the eleven issuers listed in the first post equally good still?
IMO, Barclays. All adds/removes online, never seem to shut anyone down. They do have a hard cap, but you get a lot of sales before that happens.
Yeah. It's not exactly known, but somewhere between 35-50? After that, they just won't let you add any more. But they don't shut down the card even then.
Yeah. It's not exactly known, but somewhere between 35-50? After that, they just won't let you add any more. But they don't shut down the card even then.
35-50 for the life of the card?
or 35-50 added to the card at once?
Barclays told me I hit the max this week. I have added between 35-40 AU's. Not sure of the exact # as I had previously added a couple of family members.If you can get them to upgrade or downgrade you eg arrival to plus it sometimes resets ime
The rep quoted 25 as the limit but I know I exceeded that.
It was my best seller... So sad.
Barclays told me I hit the max this week. I have added between 35-40 AU's. Not sure of the exact # as I had previously added a couple of family members.If you can get them to upgrade or downgrade you eg arrival to plus it sometimes resets ime
The rep quoted 25 as the limit but I know I exceeded that.
It was my best seller... So sad.
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Absolutely! I don't know if it's the fact that they are a British bank and could give two fucks about the tradeline industry or what, but I've definitely never had an issue with them. They are by far the easiest to add/remove users and they always post.
I've got 4 Barclay cards myself and 1 in Mrs. Ducky19's name. Three of mine are generating good sales and just starting to see sales on her card. I opened the last one just recently - it's the Uber card. I don't use Uber, but it had a $100 cash back after $500 spend and no annual fee, so I figured it would be a good one for tradelines. Definitely try to get as many Barclay cards as possible for tradeline sales, double up with a spouse if you can!
@secondcor521 Are you calling the # on the back of your card? They are 24/7 and should answer.
I thought you couldn't get tradelines for cards <2 years. Are you just opening cards two years early in anticipation of putting them up for tradelines later?
@secondcor521 Are you calling the # on the back of your card? They are 24/7 and should answer.
Yes, and the automated system answers my call. But I put in the last four of my card and my birthdate, and I'm calling from my own phone number. When I do that I think it is automatically routing my card to the fraud division, which is apparently not open 24/7.
I thought you couldn't get tradelines for cards <2 years. Are you just opening cards two years early in anticipation of putting them up for tradelines later?
@arebelspy — finally got my referral from you (last cycle didn’t post properly) so thanks again for the free cash.
2x citi paid out $75 each. Did have to call to add the AUs. Easy $300.00.
ETA: But this does seem to indicate that the removal notices are either not fully automated or are not perfectly processed. I think this is the second time I've had to ask about removing with New Company when the AU had been on a longer time that I thought. I do know that I have an AU on one of my cards that they're wanting me to leave on for longer because of an ongoing audit...IIRC that is one with USBank.
Yeah, that's really weird. I've always gotten notified when it's time to remove an AU. I wonder if they turned off notifications for removal for you because of that one or something?
Maybe. To be clear, I think I have been notified to remove AU's by automatic portal email in the past. But it's not 100% of the time, which is odd but instructive. :shrug:
I got email notification of the first couple, but it seems like they've turned that feature off. Now I have to note the removal date and set myself a reminder.
What happens if you don't charge anything on a card during the billing period? I don't regularly use one of my cards so I set a reminder to charge one thing to it, then schedule payment for the due date. Billing cycle just ended so I went to schedule payment and apparently I fucked up and didn't make a charge this month because my balance is $0. So that card won't report anything? How does this affect the tradeline?
Do you have to be a U.S Citizen to sell tradelines? I have some friends in the UK who would like to participate in selling tradelines but most companies are U.S based.
It could raise a flag selling a tradeline to a U.S citizen and having a UK address pop up on their credit report.
Do you have to be a U.S Citizen to sell tradelines? I have some friends in the UK who would like to participate in selling tradelines but most companies are U.S based.
It could raise a flag selling a tradeline to a U.S citizen and having a UK address pop up on their credit report.
You do not need to be a US Citizen, but you need US credit cards. It doesn't work with non-US cards. Do any US credit cards let you have an overseas address for the mailing address?
I see, thanks.
Is there anything useful i can do with a couple long standing AMEX cards with high limits? Are any of the trade line companies accepting them? Thank you.
Has anyone had success with AU on Chase Sapphire Reserve? That card requires a $75 per AU, but perhaps that would make it less vulnerable to "audit?"
Dear All,
Please advise if a middle name needs to be used when adding an AU. I know that a general consensus here is to add a name just like it appears on SSN card, however I saw some situations when SSN card would have first and middle name, but what about a Capital one AU adding process for example - it doesnt even allow for a middle name. Also, i saw discrepancies b/n how an AU's name appears on their credit reports (and for example TU and EXp would have it differently) and on their SSN cards. So confusing...Many thanks!
In between my work and the Subway restaurant that I go to at lunch time is a Bank of America. Perhaps I'll bring in a folding table and stack of fliers and sit in the lobby one of these days to promote tradelines. I've actually had one BoA tradeline sold, so why not? What could possibly go wrong?
Thanks, Joe for the help! It looks like I have made my first sale with the old company, but I don't see info about the buyer yet. Is this a normal process? How long should I wait for my dashboard info to update with buyer info?
In between my work and the Subway restaurant that I go to at lunch time is a Bank of America. Perhaps I'll bring in a folding table and stack of fliers and sit in the lobby one of these days to promote tradelines. I've actually had one BoA tradeline sold, so why not? What could possibly go wrong?
Has anyone heard if CapOne is still on the aggressive auditing warpath, or is it safe to open that card up for lines again?
I have a question about the address situation.
Do you add the AU using your address or the AU's address? AU's address, to increase chances of the tradeline reporting correctly to the bureaus.
If you use yours, does it end up on the AU's credit report, for the AU to see? If you use your address, yes, it will show up on the AU's credit report.
If you use their address, how does the AU card not go to their address? Policy of all CC companies to send the card to the original owner's address. I agree though, there is a very small but non-zero chance a card can be sent to the wrong address.
I read through a good 15-20 pages in this thread and didn't see the answer. Maybe I'm just slow on the pick up here...
It looks like a few cards, such as Barclay and Bank of America, require a Hard Pull in order to obtain a CL increase. Are you guys finding a way to increase it without a pull, or do you just figure it is worth the pull in order to possibly increase your tradelines income?
It looks like a few cards, such as Barclay and Bank of America, require a Hard Pull in order to obtain a CL increase. Are you guys finding a way to increase it without a pull, or do you just figure it is worth the pull in order to possibly increase your tradelines income?
It is the pretty typical for a credit limit increase to be a hard pull. I think Discover does some soft pulls.
I don’t know what all this concern is about closed cards. Yes it is good to know which ones are touchy at what time.
I have 16 cards. 7 of them I am using for personal use. 9 of them I am using for tradelines. I made 3k in three months. All my nine cards have ~3 AU lines sold. Let’s say I continue to run ten hard and do ~3 lines every two months. Let’s say five cards get closed down in six months (that would be more than expected) then I would have made 12k by then. Let’s say I keep running my five remaining cards hard for six more months and make another 4.5 k and all those then get closed down. Ok so I walk away a year from now with 16.5k. Maybe I some of those banks I can’t reopen a card with and others I can. There are plenty of banks out there. I still have my other 7 I never sold tradelines with. Maybe I just apply for some new cards and move my business over to them and start using my previous 7 cards for tradelines and make another 14k in the next year.
I am working with a different company that is aggrsssively marketing to the people who want tradelines.It is a booming area in demand and anyone who tells you otherwise is not tracking with the benefits a regular person gets from increased credit score in the idiotic buy things now on credit world we live in.
I'm going to pull my most valuable card and only use the "throwaway accounts" that I never use.
Discover just terminated my card. I had been having the majority of my AUs on this card. 11 year old account, 25k limit, 850 FICO score according to Discover and 820 according to credit karma. They reason they stated was "not able to meet my business needs". I tried to add an AU and passed on to multiple security folks until I was informed my card had been terminated.
The risk is real. I'm going to pull my most valuable card and only use the "throwaway accounts" that I never use.
Discover just terminated my card. I had been having the majority of my AUs on this card. 11 year old account, 25k limit, 850 FICO score according to Discover and 820 according to credit karma. They reason they stated was "not able to meet my business needs". I tried to add an AU and passed on to multiple security folks until I was informed my card had been terminated.
The risk is real. I'm going to pull my most valuable card and only use the "throwaway accounts" that I never use.
I've been selling tradelines with a couple of different companies for a couple of years now. The most activity was often with 3 cards I had with Citi. Citi shut all three of them down this past summer, due to "security risks". I tried to call and talk to them, but there was no discussing it. Capital One also put one of mine in a "restricted state" after I tried to add an AU. They wanted a copy of the persons DL and SS cards in order to remove the restriction (meaning I could no longer use it until then). Of course that was not going to happen. I eventually just closed it myself.
If you do this often and long enough, your cards will get shut down. I do not say that to discourage anyone, as its easy money while it lasts, but it will eventually come to and end.
Discover just terminated my card. I had been having the majority of my AUs on this card. 11 year old account, 25k limit, 850 FICO score according to Discover and 820 according to credit karma. They reason they stated was "not able to meet my business needs". I tried to add an AU and passed on to multiple security folks until I was informed my card had been terminated.
The risk is real. I'm going to pull my most valuable card and only use the "throwaway accounts" that I never use.
I've been selling tradelines with a couple of different companies for a couple of years now. The most activity was often with 3 cards I had with Citi. Citi shut all three of them down this past summer, due to "security risks". I tried to call and talk to them, but there was no discussing it. Capital One also put one of mine in a "restricted state" after I tried to add an AU. They wanted a copy of the persons DL and SS cards in order to remove the restriction (meaning I could no longer use it until then). Of course that was not going to happen. I eventually just closed it myself.
If you do this often and long enough, your cards will get shut down. I do not say that to discourage anyone, as its easy money while it lasts, but it will eventually come to and end.
Why "of course that was not going to happen?" Don't the tradeline companies have those documents, and won't they provide them if your credit card company is demanding them?
Discover just terminated my card. I had been having the majority of my AUs on this card. 11 year old account, 25k limit, 850 FICO score according to Discover and 820 according to credit karma. They reason they stated was "not able to meet my business needs". I tried to add an AU and passed on to multiple security folks until I was informed my card had been terminated.
The risk is real. I'm going to pull my most valuable card and only use the "throwaway accounts" that I never use.
I've been selling tradelines with a couple of different companies for a couple of years now. The most activity was often with 3 cards I had with Citi. Citi shut all three of them down this past summer, due to "security risks". I tried to call and talk to them, but there was no discussing it. Capital One also put one of mine in a "restricted state" after I tried to add an AU. They wanted a copy of the persons DL and SS cards in order to remove the restriction (meaning I could no longer use it until then). Of course that was not going to happen. I eventually just closed it myself.
If you do this often and long enough, your cards will get shut down. I do not say that to discourage anyone, as its easy money while it lasts, but it will eventually come to and end.
Why "of course that was not going to happen?" Don't the tradeline companies have those documents, and won't they provide them if your credit card company is demanding them?
I have no idea if they actually request copies of the actual DL and SS cards of the tradeline clients. Bottom line is that they will not provide copies to a seller at the request of the credit card company. At least that is what I was told when this happened. And if I was a customer using a tradeline company, I would not be too keen on using one that provided that information to someone like myself. I said obviously, because it seemed obvious to me at the time that they were not going to provide me those documents to give to my credit card company, and that is exactly what happened.
They're asking for the DL and SS cards to confirm that the person is a real, US citizen/permanent resident and it's not a synthetic identify fraud issue.
They're asking for the DL and SS cards to confirm that the person is a real, US citizen/permanent resident and it's not a synthetic identify fraud issue.
Yes, I know why they asked for it. And it's the same reason they will ultimately close your cards down. They are protecting themselves from what they see as risky practices. I think for most credit card companies, from their perspective, constantly adding and removing AU's creates a growing number of cards with access to your account and increases the risk of fraudulent activity. And that's basically what I was told by Citi. I don't think they see it from the perspective of "gaming the system" to artificially inflate credit scores. I wonder if that even enters their line of thinking.
And to answer the other guys question, I have worked with 3 different tradeline companies. Two I found about here, one of which I have never had a single sale with, and the other, at most sporadic. Honestly, the one I found on my own, I made way more money from. Well, until things start getting shut down. And that's not a knock on anyone here and the companies they recommended. My only point in making these posts was to say, that in my experience, it's not if cards get shut down but when. I suppose my issue with Capital One might have been avoidable with a different company, but I think the end result would have eventually happened, regardless. I still have a few cards I use for this and will continue to do so, as long as they remain open.
It definitely can be a lucrative gig, while it lasts.
They're asking for the DL and SS cards to confirm that the person is a real, US citizen/permanent resident and it's not a synthetic identify fraud issue.
Yes, I know why they asked for it. And it's the same reason they will ultimately close your cards down. They are protecting themselves from what they see as risky practices. I think for most credit card companies, from their perspective, constantly adding and removing AU's creates a growing number of cards with access to your account and increases the risk of fraudulent activity. And that's basically what I was told by Citi. I don't think they see it from the perspective of "gaming the system" to artificially inflate credit scores. I wonder if that even enters their line of thinking.
And to answer the other guys question, I have worked with 3 different tradeline companies. Two I found about here, one of which I have never had a single sale with, and the other, at most sporadic. Honestly, the one I found on my own, I made way more money from. Well, until things start getting shut down. And that's not a knock on anyone here and the companies they recommended. My only point in making these posts was to say, that in my experience, it's not if cards get shut down but when. I suppose my issue with Capital One might have been avoidable with a different company, but I think the end result would have eventually happened, regardless. I still have a few cards I use for this and will continue to do so, as long as they remain open.
It definitely can be a lucrative gig, while it lasts.
It's a mileage card that is 20 years old that gives us a $99 companion fare every year and that we put almost every expense that we can on. We travel by plane a minimum of twice a year and it rewards us very, very well for the $75 fee.I'm going to pull my most valuable card and only use the "throwaway accounts" that I never use.
Why? What's the utility of keeping your "best" card to yourself?
From my perspective a six month old card with a $10k limit and a 10 year old card with a $30k limit both meet my personal spending needs identically well. Why not make money off of the old card while you still can? Is there some other benefit to keeping it around, besides tradelines?
Even if all of my current credit cards were to get shut down in the next few months I'm pretty confident I could still find a new new credit card, somewhere, that would work just fine for my grocery shopping and cell phone bill. I guess I don't understand the desire to protect your oldest card from closure.
Joe,
I sent you a PM (I think) on here. Have read a bunch of this thread already and very interested in digging into this more after you mentioned it Sunday at Camp Mustache Toronto.
Thanks!
That's right, there's TWO of us. Haha. Actually heard about Camp Mustache and the forum primarily from the other David, David #1. :)
TWO Davids from Ann Arbor? Hmmm...
That's right, there's TWO of us. Haha. Actually heard about Camp Mustache and the forum primarily from the other David, David #1. :)
Did I meet you at a MMM meeting at the Grizzly Peak ?
for Barclays AU's since they don't ask for a SS online, Do you guys call them Barclays to add the SS over the phone so it reports correctly?
Data point- an AMEX AU was added for a family member in early August and hasn't posted yet. Not sure how long it'll take, or if it'll post at all.Date of add as authorized user doesn't matter. Date of first statement with a balance due should determine when the line gets reported to credit agencies.
for Barclays AU's since they don't ask for a SS online, Do you guys call them Barclays to add the SS over the phone so it reports correctly?
This is what the company says to do, yes.
I never do--I just don't give the SSN info. I do always put in their address, which is an optional add on Barclay's site.
I've never had one not report with their name, dob, address.
Discover closed my account with the message "we are no longer able to meet your servicing needs." No clue about why - I haven't had an add since late last year. Pretty normal usage on it.
Two updates from my world.
1. Wrapped up first batch of piggybacking-closure cases favorably!
I continue to suspect that companies do periodic audits where they query their databases for what they consider to be risky behavior. They then either human review or (less likely) do mass closings.
If this is accurate, then there could be a long while between when one does what they consider risky and the account closure. It also means that "normal usage" may not inoculate one against account closure.
I continue to think that the total number of AU's added to a line, perhaps limited to those that don't reside at the same address or share the same last name, would be the search criteria that they use.
I also don't think they expend much energy or effort on this kind of thing overall, since the direct cost to them is pretty low. Their main business risk would be loss due to fraud or punitive damages by not complying with federal restrictions on foreign nationals subject to sanction or something like that.
@Shade00, there also is the possibility that the reason for closure may not be related to AUs. It's possible that some other behavior is what triggered the closure. I don't know about you, but I typically do multiple things on each credit line that the CC companies don't like.
Thanks for the great post. I am probably on the other side, looking to purchase the trade-lines as most from what I have read are selling them.
Question, as I dont know too much about how this works, except for the fact that the history of the credit gets piggy backed onto the new authorized user and this is what helps increase the score.
My question is that after a month or two of adding and removing the said user, does the credit stop reporting?
I emailed the OP regarding the recommended companies, and have yet to get a response.
thanks guys.
My question is that after a month or two of adding and removing the said user, does the credit stop reporting?
Data point- an AMEX AU was added for a family member in early August and hasn't posted yet. Not sure how long it'll take, or if it'll post at all.Date of add as authorized user doesn't matter. Date of first statement with a balance due should determine when the line gets reported to credit agencies.
Data point- an AMEX AU was added for a family member in early August and hasn't posted yet. Not sure how long it'll take, or if it'll post at all.Date of add as authorized user doesn't matter. Date of first statement with a balance due should determine when the line gets reported to credit agencies.
The card is used for small purchases all the time. It's a business account, so that might make a difference, I suppose.
I've been getting my citi spots filled regularly - but with this last round of AUs I've had to get cleared by the fraud department. They just ask me to give them a text message and "verify" me.
Should I be concerned about these extra steps? Maybe let my 2 AU spots cool off? Or not worry about it?
Heads up data point regarding Fidelity/Elan:
I have been selling Tradelines with a Fidelity (Elan) CC pretty successfully for several months. The adds have to be done by phone. My latest add was going straightforward, then part way through the call the CSR said "Oh, I have to transfer you to a different department". I was transferred to someone who did the usual security verification (but much less friendly than normal CSR) who then proceeded to ask very pointed questions about my pattern of AU adding and removal. I must have satisfied him, because he went ahead to add the AU. Next time I went to make a purchase on this card, it was declined, I also noticed I couldn't log into my account online anymore. When I called in to check, I was told my account was under review, and someone would contact me. Nobody ever contacted me, but I can log back into my account now. I have temporarily frozen the card for AU sales, I imagine some time in the future I am going to get this card shut down.
That's the way the cookie crumbles.
Heads up data point regarding Fidelity/Elan:
I have been selling Tradelines with a Fidelity (Elan) CC pretty successfully for several months. The adds have to be done by phone. My latest add was going straightforward, then part way through the call the CSR said "Oh, I have to transfer you to a different department". I was transferred to someone who did the usual security verification (but much less friendly than normal CSR) who then proceeded to ask very pointed questions about my pattern of AU adding and removal. I must have satisfied him, because he went ahead to add the AU. Next time I went to make a purchase on this card, it was declined, I also noticed I couldn't log into my account online anymore. When I called in to check, I was told my account was under review, and someone would contact me. Nobody ever contacted me, but I can log back into my account now. I have temporarily frozen the card for AU sales, I imagine some time in the future I am going to get this card shut down.
That's the way the cookie crumbles.
Can confirm: Card Closed
Nice little letter for my collection
I've been getting my citi spots filled regularly - but with this last round of AUs I've had to get cleared by the fraud department. They just ask me to give them a text message and "verify" me.
Should I be concerned about these extra steps? Maybe let my 2 AU spots cool off? Or not worry about it?
That’s all they did for mine. I couldn’t tell you if it was the same for your situation, though.I've been getting my citi spots filled regularly - but with this last round of AUs I've had to get cleared by the fraud department. They just ask me to give them a text message and "verify" me.
Should I be concerned about these extra steps? Maybe let my 2 AU spots cool off? Or not worry about it?
the last one on my citi i tried they wanted to transfer me, and i got "scared" so didn't - is that all they had you do? i had them stop selling mine for a bit because it concerned me.
Question for the Hive...Is the mailing/primary address not in the US? Personally I wouldn’t risk that.
I just received my first AU with citizenship not of the US. Have you had this? Is it a concern?
Question for the Hive...Is the mailing/primary address not in the US? Personally I wouldn’t risk that.
I just received my first AU with citizenship not of the US. Have you had this? Is it a concern?
Does anyone actually activate the AU card? I haven't so far, but sometimes wonder if this looks suspicious to the CC company.
Does anyone actually activate the AU card? I haven't so far, but sometimes wonder if this looks suspicious to the CC company.
Non-US citizens can still have valid SSN if they are authorized to work in the US, or in some rare cases where they need one for a validated non-work reason.
I would bet that the number is their real SSN, and they're a resident alien.
Guess I missed that recommendation. I never have activated one, but I wouldn't purchase with one unless it was online since it's obvious the AU doesn't live in your area (99.9% of the time at least).Does anyone actually activate the AU card? I haven't so far, but sometimes wonder if this looks suspicious to the CC company.
I always do. But I do not use it to make a purchase (as New Company recommends).
So, I have a question for the group as I'm unsure of what to do here. I have a removal task in the portal from a couple days ago but didn't receive a text message. Should I go ahead and remove the AU?
I'm assuming yes, but thought I'd ask anyway.
Heads up data point regarding Fidelity/Elan:
I have been selling Tradelines with a Fidelity (Elan) CC pretty successfully for several months. The adds have to be done by phone. My latest add was going straightforward, then part way through the call the CSR said "Oh, I have to transfer you to a different department". I was transferred to someone who did the usual security verification (but much less friendly than normal CSR) who then proceeded to ask very pointed questions about my pattern of AU adding and removal. I must have satisfied him, because he went ahead to add the AU. Next time I went to make a purchase on this card, it was declined, I also noticed I couldn't log into my account online anymore. When I called in to check, I was told my account was under review, and someone would contact me. Nobody ever contacted me, but I can log back into my account now. I have temporarily frozen the card for AU sales, I imagine some time in the future I am going to get this card shut down.
That's the way the cookie crumbles.
Can confirm: Card Closed
Nice little letter for my collection
About how many AU spots had you sold on that card?
I had the same situation - I removed the AU and got an Email from the Co. a few days later that I did it prematurely and therefore would not get paid for the AU add. I Emailed them back that their portal is confusing and they should look into improving it.So, I have a question for the group as I'm unsure of what to do here. I have a removal task in the portal from a couple days ago but didn't receive a text message. Should I go ahead and remove the AU?
I'm assuming yes, but thought I'd ask anyway.
I would remove the AU *if* the "Remove On" date has passed. If the "Remove On" date is in the future, I would wait until that date and remove them after that date.
I have two remove tasks in the portal, but the date is something like 1/17/19, so I'm waiting on those for now.
Heads up data point regarding Fidelity/Elan:
I have been selling Tradelines with a Fidelity (Elan) CC pretty successfully for several months. The adds have to be done by phone. My latest add was going straightforward, then part way through the call the CSR said "Oh, I have to transfer you to a different department". I was transferred to someone who did the usual security verification (but much less friendly than normal CSR) who then proceeded to ask very pointed questions about my pattern of AU adding and removal. I must have satisfied him, because he went ahead to add the AU. Next time I went to make a purchase on this card, it was declined, I also noticed I couldn't log into my account online anymore. When I called in to check, I was told my account was under review, and someone would contact me. Nobody ever contacted me, but I can log back into my account now. I have temporarily frozen the card for AU sales, I imagine some time in the future I am going to get this card shut down.
That's the way the cookie crumbles.
Can confirm: Card Closed
Nice little letter for my collection
About how many AU spots had you sold on that card?
About 10
Anyone have any issues with Citi regarding reading secure messages? For instance if I request to remove an authorized user I can read their response to confirm he/she was removed. However if I send a SM wanting to include the SS with a recent AU add I did online, I cannot read their response. It errors out and boots me off Citi's website. Could be something with my browser settings perhaps?
I think it's just their website - try it in an incognito window.
It is probably a filter for PII. I noticed that Chase filters out location details on secure messages. Citi is probably doing something similar for anything it deems protected.
So I read this article and then thought about selling my tradelines.
Figured out aI could probably make at least $500 per month according to a quote I received from splendindcredit.com.
On the other hand I could buy tradelines and there are wildly varying prices out there but one quote I saw was for $1000 for a 25k line.
I am personally unfortunately in a situation where I have a lot of debt due to some poor decisions made starting a business with the wrong partners so I'm in the market for refinancing unsercured debt at a lower rate.
My wife and I make an excellent income we both work for Tesla for 4 and 5 years respectively.
Currently we pull in $212k per year together.
We both have a long history of 100% on time payment with the exception of one delinquent account on my wife's credit from a credit union checking account that went negative because of a silly fee.
At the moment we pay around $1600 on credit card interest per month at about 16.69% interest apr.
That said we do have about $32k in available credit on our cards, having just paid off over $26k in cash over the last 30 days.
I could use some help in the utilization department mainly everything else on my personal individual credit is 100% clean (my wife's sily delinquency on the checking account notwithstanding which I think is technically classified as a "late payment" since we paid the bill as soon as we realized the erorr).
Anybody interested in disintermediating the tradeline brokers?
I can add you to accounts in kind or pay good money to be added as an authorized for aged accounts with large lines and 100% on time payment history.
I could really use the help me get refinancing on this credit card debt into personal loans by lowering my utilization ratio thus boosting my score so I can qualify.
I have 15 month old son please consider if you are able to help I'm happy to compensate you in any way I can within reason we can find a win-win Situation.
So I read this article and then thought about selling my tradelines.
Figured out aI could probably make at least $500 per month according to a quote I received from splendindcredit.com.
On the other hand I could buy tradelines and there are wildly varying prices out there but one quote I saw was for $1000 for a 25k line.
I am personally unfortunately in a situation where I have a lot of debt due to some poor decisions made starting a business with the wrong partners so I'm in the market for refinancing unsercured debt at a lower rate.
My wife and I make an excellent income we both work for Tesla for 4 and 5 years respectively.
Currently we pull in $212k per year together.
We both have a long history of 100% on time payment with the exception of one delinquent account on my wife's credit from a credit union checking account that went negative because of a silly fee.
At the moment we pay around $1600 on credit card interest per month at about 16.69% interest apr.
That said we do have about $32k in available credit on our cards, having just paid off over $26k in cash over the last 30 days.
I could use some help in the utilization department mainly everything else on my personal individual credit is 100% clean (my wife's sily delinquency on the checking account notwithstanding which I think is technically classified as a "late payment" since we paid the bill as soon as we realized the erorr).
Anybody interested in disintermediating the tradeline brokers?
I can add you to accounts in kind or pay good money to be added as an authorized for aged accounts with large lines and 100% on time payment history.
I could really use the help me get refinancing on this credit card debt into personal loans by lowering my utilization ratio thus boosting my score so I can qualify.
I have 15 month old son please consider if you are able to help I'm happy to compensate you in any way I can within reason we can find a win-win Situation.
Wait. What? You're offering to buy and sell tradelines directly right here on this forum? On your first post?? And you're naming a non-approved tradeline vendor???
Sheesh.
This won't be up long.
It is probably a filter for PII. I noticed that Chase filters out location details on secure messages. Citi is probably doing something similar for anything it deems protected.
I figured that was the case but wondered if there was a way around that so I could see their response to my messages. At this point I am kind of guessing they are successfully attaching the SS# to the AU.
It is probably a filter for PII. I noticed that Chase filters out location details on secure messages. Citi is probably doing something similar for anything it deems protected.
I figured that was the case but wondered if there was a way around that so I could see their response to my messages. At this point I am kind of guessing they are successfully attaching the SS# to the AU.
I've done the chat thing with them and asked them to verify that the AU has a SS# attached to their account. Yes or no question. Seemed to work, but at this point I'm not sure it's actually easier than calling. Even though calling Citi sucks.
I have a new person listed in my Customer Documents with a last name that is 25 letters long. I'm hoping when the order comes through that I'll be able to add this user without calling in!
added my first AU to Discover a couple weeks ago (Have only been using my Barclays card up til now).
Discover left me a VM to call them immediately this afternoon, and I noticed when I tried to log in I get this message:
Please Contact Customer Service
Due to special conditions related to your credit card account, we cannot provide you with access to your account information at this time.
Please contact Customer Service so we can help you resolve this issue.
Has anyone experienced this? I was unable to call them back today, so will find out tomorrow. Questions typically asked? What do you answer if asked how you know the AU?
Since it's the first time, it's probably them just waiting for you to confirm that it's legit. I seem to recall that happening when I started using my Discover.
If I added a Discover user on 8/11/18, shouldn't I have been told to remove them by now? Or does Discover just need to stay on longer?
If I added a Discover user on 8/11/18, shouldn't I have been told to remove them by now? Or does Discover just need to stay on longer?
If I added a Discover user on 8/11/18, shouldn't I have been told to remove them by now? Or does Discover just need to stay on longer?
The new company is not the best with communication (or timeliness)... but they're especially bad about following up with removals. I typically remove the user myself if 3 months have passed since my add date (unless they explicitly ask me to extend it... and pay me appropriately).
If I added a Discover user on 8/11/18, shouldn't I have been told to remove them by now? Or does Discover just need to stay on longer?
Are you with the new company? And is your Discover card on hold?
Shortly after I added a couple AUs a few months ago, the new company put my card on hold. I figured it was when Discover was doing audits and they wanted to minimize activity that might get a card closed. So I've still got those AUs on my card.
If you find out something different, please let us know.
I have been putting two AU on my Discover every 2-3 months for about 2 years. They have put my account on hold twice and I had to call adn confirm the AU , but I dont know if it was an audit or because I added them online and not on the phone. I think you could go with Discover for quite a while if you limit your AU to two.
I added an AU on my chase card tonoght, they will not take the social security nuber this is not new but tonight they only took the name and DOB. anyone else have this problem with chase?
I for sure dont want my card closed but i need the $.
seeing how much you can get paid for something you were going to throw out anyway.
I for sure dont want my card closed but i need the $.
I won't speak to your personal situation, but, to anyone reading along and considering this gig, I would really, really recommend not doing this with any card you don't want closed.
You really have to think of the card as disposable.
Before I sign up a card to sell tradelines, I make sure I empty it completely--earn any bonuses, cash in any rewards, etc--and treat it as if the card is already closed.
Basically, if you can get in the mindset that you want this card closed, but don't want to go through the hassle of calling in and dealing with the credit card company, and then the tradeline people come along and say "wouldn't you rather get paid for closing your credit card? We'll pay you $50, $250, maybe $1000 or more to get your card closed", it's a much better way to look at it. It certainly makes it more fun... seeing how much you can get paid for something you were going to throw out anyway.
seeing how much you can get paid for something you were going to throw out anyway.
A friend of mine works in a warehouse that manufactures "quartz" countertops. They sell their finished product for thousands of dollars per kitchen, but they generate huge amounts of waste material and were previously paying a service to come haul it away to the dump. Then they started grinding up their expensive countertop scraps and giving it away free to the city to use as road fill material for potholes and such, but at least they didn't have to pay to have it hauled off. Then they started selling it by the cubic yard to construction companies to use as road fill material, and raked in huge new dollars from what was previously a waste product. Then they started bagging it and selling it as decorative ground cover in home and garden stores, and got paid even more. Now the stuff goes for $25 per bag instead of $25 per cubic yard instead of free to the city instead of costing them money to dispose of. This is how all companies operate, constantly finding ways to turn byproducts into profit streams, and I like the idea of using your mailbox full of credit card offers the same way.
I found this out when I got 4 notification emails, all for the same Discover It card. I have to remove 2 of my AU's from August and then add 2 other ones. What would be the best order of operation to get these 4 things accomplished? I was thinking Add 1 user, then wait a day and Add the next one...then wait maybe a week and remove the 2 old ones? I did email the New Company to see what the latest is with Discover and how I should proceed so I'll see what they think too.
For those who are paid by direct deposit- do you think that ups your chances of shut downs? For example, if I'm using a B of A card for TL, and I also bank with them, and then they see a TL company paying me in my checking account, wouldn't that be a huge red flag? Can you request a paper check with both companies?
Have any of the two recommended companies ever accepted Wells Fargo or Synchrony bank cards? Wells Fargo started me out at $11k, and I could probably get that higher in a year, and I already have a year old synchrony card with a $15k limit on it.
Lastly, the whole time reading through the thread I kept thinking to myself that SURELY the "new" company would get their shit together by the time I made it to the end of the thread. It appears they are still ironing out issues. What in the actual fuck? Come on! So yeah, if one of y'all could get the mustchian TL company up and going right before I'm ready to take the plunge, that's would be greeeeeeeeat. :) kthxbye
For those who are paid by direct deposit- do you think that ups your chances of shut downs? For example, if I'm using a B of A card for TL, and I also bank with them, and then they see a TL company paying me in my checking account, wouldn't that be a huge red flag? Can you request a paper check with both companies?
No, I don't think it would be a problem. I think New Company does ACH deposits under an innocuous name; BofA is too busy to track down whether any given deposit is from a TL company. You could ask the TL companies to send you a check but I think they would rather do ACH deposits.Have any of the two recommended companies ever accepted Wells Fargo or Synchrony bank cards? Wells Fargo started me out at $11k, and I could probably get that higher in a year, and I already have a year old synchrony card with a $15k limit on it.
Not to my knowledge.Lastly, the whole time reading through the thread I kept thinking to myself that SURELY the "new" company would get their shit together by the time I made it to the end of the thread. It appears they are still ironing out issues. What in the actual fuck? Come on! So yeah, if one of y'all could get the mustchian TL company up and going right before I'm ready to take the plunge, that's would be greeeeeeeeat. :) kthxbye
New Company has been fine for me personally. There may be some complaints on this thread, but given the number of TLs, AU buyers, and AU sellers, I think the percentage is pretty low.
I found this out when I got 4 notification emails, all for the same Discover It card. I have to remove 2 of my AU's from August and then add 2 other ones. What would be the best order of operation to get these 4 things accomplished? I was thinking Add 1 user, then wait a day and Add the next one...then wait maybe a week and remove the 2 old ones? I did email the New Company to see what the latest is with Discover and how I should proceed so I'll see what they think too.
New Company gives you advice on how to do this. I think one of their rules is to never perform add and remove operations in the same phone call. And I think another rule is that it is OK to add multiple or remove multiple in a single call. But check what they've told you either online or in emails or in the documentation they sent you when you signed up with them.
Personally I would remove both old ones in one phone call, then add first AU in one phone call, then add second AU in one phone call - as long as that comported with all of New Company's guidance.
I found this out when I got 4 notification emails, all for the same Discover It card. I have to remove 2 of my AU's from August and then add 2 other ones. What would be the best order of operation to get these 4 things accomplished? I was thinking Add 1 user, then wait a day and Add the next one...then wait maybe a week and remove the 2 old ones? I did email the New Company to see what the latest is with Discover and how I should proceed so I'll see what they think too.
New Company gives you advice on how to do this. I think one of their rules is to never perform add and remove operations in the same phone call. And I think another rule is that it is OK to add multiple or remove multiple in a single call. But check what they've told you either online or in emails or in the documentation they sent you when you signed up with them.
Personally I would remove both old ones in one phone call, then add first AU in one phone call, then add second AU in one phone call - as long as that comported with all of New Company's guidance.
Why not add and remove with discover through their online portal? Why over the phone?
I am such an idiot. I received an AU card in the mail today and in trying to activate the card I noticed that I mixed up the First and Last name. And since it is a Barclay card, I did not provide the SSN because they seem to post with just the Name, DOB and address. Now I have to figure out how to fix this mess...
There may be some complaints on this thread, but given the number of TLs, AU buyers, and AU sellers, I think the percentage is pretty low.
There may be some complaints on this thread, but given the number of TLs, AU buyers, and AU sellers, I think the percentage is pretty low.
Indeed!
I've thought the same thing.
Given the amount (hundreds of thousands of dollars) Mustachians have collectively made on tradelines since I posted about it over two years ago, the amount of complaints in proportion to that has been shockingly small:
- Credit cards being closed
- Some junk mail, if your address is used
- Some spam phone calls from debt collectors, if your phone number is easily linked to your address
- Some slow responses when asking questions of customer service
- Some payments being a bit later than expected
..I mean, not ideal, sure. But, relatively minor things (or potentially expected, like card closures) and, as you say, given the number of people and sales, even these issues are quite infrequent. E.g. we don't have dozens and dozens of people getting cards shut down all the time. Some randomly are, and it sucks if you're the one with the bad luck, but in general, it's not often.
And given the amount of money and lack of effort/time needed, tradeline sales continue to astound me as about the best, easiest, highest paying per hour side-gig I've ever heard of, and still going strong.
Discover closed my account with the message "we are no longer able to meet your servicing needs." No clue about why - I haven't had an add since late last year. Pretty normal usage on it.
I continue to suspect that companies do periodic audits where they query their databases for what they consider to be risky behavior. They then either human review or (less likely) do mass closings.
If this is accurate, then there could be a long while between when one does what they consider risky and the account closure. It also means that "normal usage" may not inoculate one against account closure.
I continue to think that the total number of AU's added to a line, perhaps limited to those that don't reside at the same address or share the same last name, would be the search criteria that they use.
I also don't think they expend much energy or effort on this kind of thing overall, since the direct cost to them is pretty low. Their main business risk would be loss due to fraud or punitive damages by not complying with federal restrictions on foreign nationals subject to sanction or something like that.
@Shade00, there also is the possibility that the reason for closure may not be related to AUs. It's possible that some other behavior is what triggered the closure. I don't know about you, but I typically do multiple things on each credit line that the CC companies don't like.
There may be some complaints on this thread, but given the number of TLs, AU buyers, and AU sellers, I think the percentage is pretty low.
Indeed!
I've thought the same thing.
Given the amount (hundreds of thousands of dollars) Mustachians have collectively made on tradelines since I posted about it over two years ago, the amount of complaints in proportion to that has been shockingly small:
- Credit cards being closed
- Some junk mail, if your address is used
- Some spam phone calls from debt collectors, if your phone number is easily linked to your address
- Some slow responses when asking questions of customer service
- Some payments being a bit later than expected
..I mean, not ideal, sure. But, relatively minor things (or potentially expected, like card closures) and, as you say, given the number of people and sales, even these issues are quite infrequent. E.g. we don't have dozens and dozens of people getting cards shut down all the time. Some randomly are, and it sucks if you're the one with the bad luck, but in general, it's not often.
And given the amount of money and lack of effort/time needed, tradeline sales continue to astound me as about the best, easiest, highest paying per hour side-gig I've ever heard of, and still going strong.
I think something for people to remember is that people tend to post about the negative occurrences on this thread and not the positives. So let me take a minute and do that.
I have had 49 AUs between Old Company, New Company, and private sales across seven cards over the past 27 months.
I have had no cards closed. No impact on me.
One of my cards had a security fraud alert placed on it for a few months. I had an uncomforable phone call with the security analyst until I realized I could hang up on him. Waited a few months, called back with some trepidation, went through the security process, and am now adding AUs on that card again. Total time: 15 minutes.
I received a note on my front door that a repo man had visited. I called him and told him the guy didn't live here. Five minutes.
I received about six USAA privacy notices addressed to former AUs. 30 seconds to drop them in recycling.
Of those 49 AUs, only two have not posted. I did not get paid for those two.
I've been FIREd for about 33 months, and my piggybacking income - which was unplanned when I retired - covers about 25% of my living expenses.
I also have a BofA with a $21k limit and long credit history I'd like to use for this, but I have a balance transfer on it right now that I'll have to work on paying down.
For those who are paid by direct deposit- do you think that ups your chances of shut downs? For example, if I'm using a B of A card for TL, and I also bank with them, and then they see a TL company paying me in my checking account, wouldn't that be a huge red flag? Can you request a paper check with both companies?
Great results, how many cards are you using for tradelines?
I also have a BofA with a $21k limit and long credit history I'd like to use for this, but I have a balance transfer on it right now that I'll have to work on paying down.
Is it possible to transfer the balance again (to a new card)? Or is it not allowed because it was a transfer initially? If you can, be on the look-out for a free balance-transfer offer for a new card. That will make your BofA immediately available for use.
Maybe even paying for a balance transfer to another card makes sense. Calculate what you would earn from TL sales vs. what it would cost to transfer the balance to another card.
If you can't do a balance transfer, I would look at all options for paying off the BofA so the card could start earning money.
For those who are paid by direct deposit- do you think that ups your chances of shut downs? For example, if I'm using a B of A card for TL, and I also bank with them, and then they see a TL company paying me in my checking account, wouldn't that be a huge red flag? Can you request a paper check with both companies?
I did worry about that. I bank with Chase and have a long history. I opened an online savings account elsewhere (BankOnCit which pays a higher interest rate anyway.) It's an easy way to keep track of my TL money as that is the only activity in that account.
Has anyone had experience on how long it takes for your first sale after you start? I put in 2 cards in August -...maybe it just takes time?
Has anyone had experience on how long it takes for your first sale after you start? I put in 2 cards in August -...maybe it just takes time?
Every time I add a card to New Company, the name field says "unavailable" for the first 2 months.
If you're at the new company, look at the "my cards" page, click "expand all". You'll have the 7-month view which shows 2 or 3 slots under each card. The slots will either have the AU's name, or the word "available" or "unavailable".
See in which month "available" appeared for each card. I would suspect the August and September fields say "unavailable"...maybe even October if you joined in late August. That would mean November is the first month your cards have been available for sales.
Also check "my tasks" just to be sure you didn't miss a task. That's a long shot though as they send both email and text.
If you don't get any sales this month, call or email them. There may be a reason like your W-9 or bank form didn't upload.
Has anyone had experience on how long it takes for your first sale after you start? I put in 2 cards in August - one Chase with $25k credit limit that has been open 4 years and one Elan with a $25k credit limit that has been open for 10+ years. If I never get any sales I'm not concerned, but just wondering if I have the wrong type of cards in or maybe it just takes time?
Great results, how many cards are you using for tradelines?
I started with seven and am down to six after voluntarily sidelining my USAA card. I've got one or two more to add when they age past a year.
I will note that some of my cards are way more popular with the AUs than others, but I think I've had multiple sales on all of them.
Also, if anyone is curious, I seem to be very popular with people of Armenian heritage living in California.
Great results, how many cards are you using for tradelines?
I started with seven and am down to six after voluntarily sidelining my USAA card. I've got one or two more to add when they age past a year.
I will note that some of my cards are way more popular with the AUs than others, but I think I've had multiple sales on all of them.
Also, if anyone is curious, I seem to be very popular with people of Armenian heritage living in California.
My USAA card is by far my best selling and most profitable card. Did USAA request that you stop selling AU spots? That's my fear.
Has anyone noticed that the secure email function on Citi has vanished? I logged in yesterday to sent a message to add SSN for an AU and the only options under "Contact Us" are Chat, Call and Mail.
A question about Barclays. I just tried to add an AU on their website as usual. After entering all the information, proceeding to add an AU and answering a security question, i was sent to the account summary page for that card instead of getting a confirmation that it has been added. I checked the list of AUs and didn't see the new one. Also, i always get an email confirmation after adding AUs but this time i didn't.
Does anybody know what could have happened there? I did add quite a lot of AUs to this card but don't know exactly how many. Could it be that I have hit the limit on the number of AUs? I didn't get any warnings or messages about that though. Everything was as usual except no confirmation. What should i do?
Edit: just tried adding the same AU online one more time and this time it did work as usual with account showing and instant email confirmation.A question about Barclays. I just tried to add an AU on their website as usual. After entering all the information, proceeding to add an AU and answering a security question, i was sent to the account summary page for that card instead of getting a confirmation that it has been added. I checked the list of AUs and didn't see the new one. Also, i always get an email confirmation after adding AUs but this time i didn't.
Does anybody know what could have happened there? I did add quite a lot of AUs to this card but don't know exactly how many. Could it be that I have hit the limit on the number of AUs? I didn't get any warnings or messages about that though. Everything was as usual except no confirmation. What should i do?
Is it showing now? Did you get an email confirming it?
If not, do you think you have done more than 20 AUs on that card? I hit the limit of AUs on a barclay card around 35. When I went to add the next one, it would give a web site error message. Eventually, a phone rep told me I had hit the limit (very nicely - they don't seem to care).
Hope this helps.
I have two Discover IT cards. One of them got shut down yesterday from Discover after about 11-12 AU slots in the last five months.
I called in to find out why. Was only able to be told it was a "Business decision" and given an address I could write to for more specifics.
Never overdue or late on this card.
I do have three other cards with other banks with high balances (0% bt). I don't know if that triggered it or the AU slots.
They still left me with my second Discover IT card (which is 5 1/2 years old)
Anyways - 11 slots at $150 each was worth it. ($1650).
Great results, how many cards are you using for tradelines?
I started with seven and am down to six after voluntarily sidelining my USAA card. I've got one or two more to add when they age past a year.
I will note that some of my cards are way more popular with the AUs than others, but I think I've had multiple sales on all of them.
Also, if anyone is curious, I seem to be very popular with people of Armenian heritage living in California.
My USAA card is by far my best selling and most profitable card. Did USAA request that you stop selling AU spots? That's my fear.
Essentially, yes. I sold several AUs on it, and then they called me about my activity. They used the "We're disappointed in you" approach, which worked with my personality. So I told them I would stop and I have.
I also have several other banking and insurance products with USAA and have been a member with them for over 30 years, so I felt it was worth protecting the relationship.
Edit: just tried adding the same AU online one more time and this time it did work as usual with account showing and instant email confirmation.
Not sure what went wrong yesterday.
Yes I did more than 20, not sure if I did 35.
Did you manage to reset that limit?
Edit: just tried adding the same AU online one more time and this time it did work as usual with account showing and instant email confirmation.A question about Barclays. I just tried to add an AU on their website as usual. After entering all the information, proceeding to add an AU and answering a security question, i was sent to the account summary page for that card instead of getting a confirmation that it has been added. I checked the list of AUs and didn't see the new one. Also, i always get an email confirmation after adding AUs but this time i didn't.
Does anybody know what could have happened there? I did add quite a lot of AUs to this card but don't know exactly how many. Could it be that I have hit the limit on the number of AUs? I didn't get any warnings or messages about that though. Everything was as usual except no confirmation. What should i do?
Is it showing now? Did you get an email confirming it?
If not, do you think you have done more than 20 AUs on that card? I hit the limit of AUs on a barclay card around 35. When I went to add the next one, it would give a web site error message. Eventually, a phone rep told me I had hit the limit (very nicely - they don't seem to care).
Hope this helps.
Not sure what went wrong yesterday.
Yes I did more than 20, not sure if I did 35.
Did you manage to reset that limit?
Can someone PM me with the info on old company and new company? I’m only signed up with one and not sure which they are. Assume both companies are reputable.
I just recently sold my first two tradelines. I was shocked and happy to finally get the ball rolling. Today I received mail from Experian for one of my tradeline buyers. Near the top of the first page it says Dispute Results. I'm guessing she is disputing some of the information in her credit history but I really don't understand what this letter is talking about. The one thing I do understand is under the list of addresses my address is at the top. I'm not real thrilled with that. Might have to get a PO Box if I'm going to continue selling tradelines.
I just recently sold my first two tradelines. I was shocked and happy to finally get the ball rolling. Today I received mail from Experian for one of my tradeline buyers. Near the top of the first page it says Dispute Results. I'm guessing she is disputing some of the information in her credit history but I really don't understand what this letter is talking about. The one thing I do understand is under the list of addresses my address is at the top. I'm not real thrilled with that. Might have to get a PO Box if I'm going to continue selling tradelines.
My guess is that she is disputing your address from her credit history. If that's the case, it's totally fine. She's just saying she didn't live there, which is true.
That was my original thought but I'm still not sure. I guess I'll have to contact the tradeline company to see if they can clue me in.
Woo Hoo! First Post :)
Took me a few tries to get registered, but now I'm ready to get started with this cool venture!
@ars: Thanks a million (or a hundred thousand, at least) for bringing this to our attention and for so carefully tending the flock. PM sent for TL co. referrals.
Thanks ARS for your reply about the TL companies!
I tried to respond to your PM, but I can't for the life of me figure out which blog post is the "first blog post". The oldest? The one on the front page? I understand the desire for security, but that's seriously annoying!
I am such an idiot. I received an AU card in the mail today and in trying to activate the card I noticed that I mixed up the First and Last name. And since it is a Barclay card, I did not provide the SSN because they seem to post with just the Name, DOB and address. Now I have to figure out how to fix this mess...
Whoops!
Although I also never bother with the SSN because they post with just the name, dob, address (the stuff you can put in online, without calling), in this case I'd likely call in now and add the SSN and hope that it still posts with the first/last name reversed (using the DOB, address, and SSN as enough info).
Thanks ARS for your reply about the TL companies!
I tried to respond to your PM, but I can't for the life of me figure out which blog post is the "first blog post". The oldest? The one on the front page? I understand the desire for security, but that's seriously annoying!
Yeah, the first is the oldest one, "Meet Mr Money Mustache (https://www.mrmoneymustache.com/2011/04/06/meet-mr-money-mustache/)". You can find all posts here (https://www.mrmoneymustache.com/all-the-posts-since-the-beginning-of-time/).
Awesome! You're a champ!
I got the puzzles all figured out now (I generally have to listen to the letters, since my old eyes can't handle the captchas... my wife laughs at me when I smear the screen with my nose trying to read them! :) so I guess I'm officially part of the mustache community, though only slightly stubbly...
Feel free to email me directly using the email address I PM'd you, if you like or have more questions. :)
Oh, and I mentioned this to family memembers and they wanted NO part of it and I didn't stop hearing about it for at least 2 weeks. They think it's a crime but and it can't be that easy etc. .. but it really is NOT A CRIME but does carry a bit of risk as far as cancellation is concerned.
Oh, and I mentioned this to family memembers and they wanted NO part of it and I didn't stop hearing about it for at least 2 weeks. They think it's a crime but and it can't be that easy etc. .. but it really is NOT A CRIME but does carry a bit of risk as far as cancellation is concerned.
I would not tell my wife in a million years what's going on.
That's why I am divorced. Well, not literally because of TL, but in general to be able to do with my money whatever I want.I would not tell my wife in a million years what's going on.
That sounds like a healthy relationship dynamic.
I would not tell my wife in a million years what's going on.
That sounds like a healthy relationship dynamic.
Oh, and I mentioned this to family memembers and they wanted NO part of it and I didn't stop hearing about it for at least 2 weeks. They think it's a crime but and it can't be that easy etc. .. but it really is NOT A CRIME but does carry a bit of risk as far as cancellation is concerned.
If you read CreditBoards, there is a recent thread there on Tradelines. Their stance is that selling tradelines is illegal, although I have not seen them cite any evidence. But as a site focused on do it yourself credit repair, score improvement, and qualifying for credit cards, it makes sense for them to take that view.
Has anyone had experience on how long it takes for your first sale after you start? I put in 2 cards in August - one Chase with $25k credit limit that has been open 4 years and one Elan with a $25k credit limit that has been open for 10+ years. If I never get any sales I'm not concerned, but just wondering if I have the wrong type of cards in or maybe it just takes time?We're still waiting too :) But didn't start until Sept/Oct. Oh well, it will happen when it happens and will be a nice bonus if it does.
Why would you need a brokers license? Doesn't make any sense to me.
Anyone ever gotten an "error" when trying to add an AU online with Chase?
I entered the person's info in the Add an AU, and when I clicked on SAVE I get this error:
"It looks like this part of our site isn't working right now."
I will call them if it isn't working in the next day or two, but I am just curious if this definitely means my account has been "flagged" or something.
Did you use Secure Message on a Chase card? I just submitted a secure message to Chase so we shall see.
Strange because this is the first AU I have added on this card. (though I did add my wife and 3 kids many many years ago and recently removed the kids).
Did you use Secure Message on a Chase card? I just submitted a secure message to Chase so we shall see.
Strange because this is the first AU I have added on this card. (though I did add my wife and 3 kids many many years ago and recently removed the kids).
Yes, I used “secure message center” for a Chase card, I just told them I wanted to add an AU for card ending in xxxx. I have two cards and it’s letting me add for one, but I get the error with the other one.
I tried different browsers and different computers in case that was the issue. My only other thinking is maybe the website doesn’t like an address and there is a redirect to the wrong error page. I suppose I could ask Chase, but I don’t want any unnecessary attention.
Can someone PM me with the info on old company and new company? I’m only signed up with one and not sure which they are. Assume both companies are reputable.
PM sent.
I've search everywhere but does anyone know how to view your Chase AU's?
I had some family added a while back to help with Credit Score and want to remove one or two if they don't need it anymore but I cannot find a place to view them online.
It doesn't specify any card being ok or not.
Can someone confirm something for me?
When a person is added as an AU on a Non-Amex card, the tradeline has no mention of when the AU was actually added, correct? So the tradeline history appears the same as it does for the primary, correct (other than the Authorized User Status)?
Someone had mentioned on another forum being added as an AU on a 2+ year old credit card could impact 5/24 Chase status, which I believe is false but wanted to confirm.
One minor nit - I don't think the credit report even distinguishes between an AU and the actual account holder. From a credit report point of view, I think a credit line is a credit line. Obviously the card issuer would know, but I don't think they report that bit of information to the CRAs.
Other than that very minor point, your understanding matches mine.
One minor nit - I don't think the credit report even distinguishes between an AU and the actual account holder. From a credit report point of view, I think a credit line is a credit line. Obviously the card issuer would know, but I don't think they report that bit of information to the CRAs.
Other than that very minor point, your understanding matches mine.
Hmm, I'll have to double check, but when I looked at my spouses report it showed her status as an authorized user at least on one of the cards.
Just curious, I don't show that any tradelines have been added to my card yet, but I just received a report today on my credit that someone applied for credit using my social. Now, they listed their name and address. Is this normal for tradelines usage?
Thank you
One minor nit - I don't think the credit report even distinguishes between an AU and the actual account holder. From a credit report point of view, I think a credit line is a credit line. Obviously the card issuer would know, but I don't think they report that bit of information to the CRAs.
Other than that very minor point, your understanding matches mine.
Hmm, I'll have to double check, but when I looked at my spouses report it showed her status as an authorized user at least on one of the cards.
Likewise - I am an AU on one of my wife's cards, shows up on Credit Karma as an Authorized User.
One minor nit - I don't think the credit report even distinguishes between an AU and the actual account holder. From a credit report point of view, I think a credit line is a credit line. Obviously the card issuer would know, but I don't think they report that bit of information to the CRAs.
Other than that very minor point, your understanding matches mine.
Hmm, I'll have to double check, but when I looked at my spouses report it showed her status as an authorized user at least on one of the cards.
Likewise - I am an AU on one of my wife's cards, shows up on Credit Karma as an Authorized User.
I stand corrected. I just checked my Credit Karma report, and I'm listed as an AU on one of my Dad's cards. So it is distinguished on the credit report.
Bogleheads post from today: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=266187
Is anyone worried about doing tradelines with Fidelity (Elan)? Based on what I've read in this thread, it seems like Elan can be quite sensitive at times. I still have yet to make a sale with my Fidelity card, but I'm thinking about just pulling it. I'm wondering if a shutdown would occur, could it possibly affect other accounts held at Fidelity as well.
FYI - with Citibank I successfully removed a user just doing the online Live Chat. Now that the secured message system is gone, that's one easy way to do it without calling in. Haven't tried adding one like that yet, but will give it a go with my next Citi order.
I had a an order on 6/25 and still haven't seen a payment. Is it common to go this long and do you always have to nag them to get paid?
I know Barclays is a pretty preferred tradeline card. There's no SS# spot when added online. What's the best way to add the SS#. I actually sold one spot yesterday and called it in. The 2nd spot sold tonight and I'm not crazy about calling in again.I just never add an SSN with Barclay's. I've always found the rest of the info (name, DOB, and address) is enough, and I've never had one not post.
Any opinions from the group on this new pricing? I am thinking I will wait. I have a few Barclays cards I am aging. Since BC has an AU limit, I am thinking I will wait and get more per sale.
The 2nd spot sold tonight and I'm not crazy about calling in again.
Any opinions from the group on this new pricing? I am thinking I will wait. I have a few Barclays cards I am aging. Since BC has an AU limit, I am thinking I will wait and get more per sale.
$25 per Add is not worth it for me. I'm waiting too.
I had a an order on 6/25 and still haven't seen a payment. Is it common to go this long and do you always have to nag them to get paid?
Nope. An order on 6/25 likely posted early July, meaning payment should be end of September (two months later).
Contact the TL company, and if you can't get ahold of them, PM me details (your name/email and which TL company) and I can contact them to find out.
I had a an order on 6/25 and still haven't seen a payment. Is it common to go this long and do you always have to nag them to get paid?
Nope. An order on 6/25 likely posted early July, meaning payment should be end of September (two months later).
Contact the TL company, and if you can't get ahold of them, PM me details (your name/email and which TL company) and I can contact them to find out.
It is a very common problem with the "new" company (at least for me, and plenty of others who have posted in this thread.) After finally receiving the last payment I was due, after about a month of constant nagging, I shut down my account and moved all my cards to the "old" company. The new company pays promptly when they say they will, without the need to ask.
Quick question about Barclaycard. Is there a limit to how many AUs you can keep at the same time? For example, if you have 10 AUs linked to one card and active at the moment, can you add more AUs or do you have to remove some existing AUs to be able to do so?
Quick question about Barclaycard. Is there a limit to how many AUs you can keep at the same time? For example, if you have 10 AUs linked to one card and active at the moment, can you add more AUs or do you have to remove some existing AUs to be able to do so?
Not sure of a limit of AUs at one time but I was capped at 5 on my best BC card. I had it full at 5 AU's frequently with no issues. Hope this helps.
I just got my first add on a Capital One card. It doesn't look like I can add the AU's address in the online form - do you guys just put in all the other info (name, ssn, birthdate) and hope it posts? Or do I need to call and make sure they put in the address?
I just got my first add on a Capital One card. It doesn't look like I can add the AU's address in the online form - do you guys just put in all the other info (name, ssn, birthdate) and hope it posts? Or do I need to call and make sure they put in the address?
I've never had a Capital One AU not post without an address. I wouldn't worry about calling in the address.
Quick question about Barclaycard. Is there a limit to how many AUs you can keep at the same time? For example, if you have 10 AUs linked to one card and active at the moment, can you add more AUs or do you have to remove some existing AUs to be able to do so?
Not sure of a limit of AUs at one time but I was capped at 5 on my best BC card. I had it full at 5 AU's frequently with no issues. Hope this helps.
BTW i was referring to the limit set by the bank, not any tradeline company. I have >5 AUs right now on my BarclayCard and so far no issues with adding more AUs. Just wondering if anybody else had any issues in this case and what was the maximum number of AUs they could keep at the same time on one card.
I have a problem with my Citicard which I use for tradelines.
The last couple of times i called to add an AU, after entering all the details the rep transferred me to fraud dept. Fraud asked a couple of questions about my address etc and texted to verify my phone number,, nothing unusual or unreasonable. After i finished the calls I logged on to the web site to make sure that the AU was added in the system and double check their name and address. However, within a few hours after each of these calls i received an email saying that "the AU request wasn't completed". In the body of the email, it says that a system issue prevented them from processing a card request for the AU. It's too early to tell if these tradelines posted with the bureaus. To me it looks like the AUs are in the system and will likely post, but for whatever reason the bank doesn't issue actual cards. Perhaps they saw that there was no spend by previous AUs and blocked the system from issuing new AU cards for this account.
Has anybody else had a similar issue? If so, did your tradelines post in this case?
Well, I took to this new low bar offer with the old company, printed my credit karma and started sending in everything that looked like it might stick. Got one "regular" card registered and several, new $25 cards up and running. Sold 2 $25 spots (a Barclay card). To compare, I have NEVER had 2 spots sold with both companies in total for any month and on average have only sold a spot about once every 3 months between the 2 companies. I'm quite happy to pull in $50 in one month. To re-iterate, I ONLY list cards that can be burned. I sort of expect that they will be.
thank you, this is very helpful.I have a problem with my Citicard which I use for tradelines.
The last couple of times i called to add an AU, after entering all the details the rep transferred me to fraud dept. Fraud asked a couple of questions about my address etc and texted to verify my phone number,, nothing unusual or unreasonable. After i finished the calls I logged on to the web site to make sure that the AU was added in the system and double check their name and address. However, within a few hours after each of these calls i received an email saying that "the AU request wasn't completed". In the body of the email, it says that a system issue prevented them from processing a card request for the AU. It's too early to tell if these tradelines posted with the bureaus. To me it looks like the AUs are in the system and will likely post, but for whatever reason the bank doesn't issue actual cards. Perhaps they saw that there was no spend by previous AUs and blocked the system from issuing new AU cards for this account.
Has anybody else had a similar issue? If so, did your tradelines post in this case?
I had the same thing with Citi a couple times. It ended up posting both times despite Citi telling me that adding the AU failed.
A question about taxes. If you get an order and register it on Dec 18 and get paid in 2019, should you include this payment in 2018 or 2019 taxable income?
I had a an order on 6/25 and still haven't seen a payment. Is it common to go this long and do you always have to nag them to get paid?
Nope. An order on 6/25 likely posted early July, meaning payment should be end of September (two months later).
Contact the TL company, and if you can't get ahold of them, PM me details (your name/email and which TL company) and I can contact them to find out.
It is a very common problem with the "new" company (at least for me, and plenty of others who have posted in this thread.) After finally receiving the last payment I was due, after about a month of constant nagging, I shut down my account and moved all my cards to the "old" company. The new company pays promptly when they say they will, without the need to ask.
I had a an order on 6/25 and still haven't seen a payment. Is it common to go this long and do you always have to nag them to get paid?
Nope. An order on 6/25 likely posted early July, meaning payment should be end of September (two months later).
Contact the TL company, and if you can't get ahold of them, PM me details (your name/email and which TL company) and I can contact them to find out.
It is a very common problem with the "new" company (at least for me, and plenty of others who have posted in this thread.) After finally receiving the last payment I was due, after about a month of constant nagging, I shut down my account and moved all my cards to the "old" company. The new company pays promptly when they say they will, without the need to ask.
With the "new" company I never had an issue previously, but I had to message them last month about payment that was a couple months past due and they got it paid quickly. However I sent them an email 2 weeks ago about several adds from August that had not been paid out and haven't heard back from them. I just sent another email, but this has me wondering if they are having issues. I may be switching to the old company for several of our cards if this keeps happening. I do this as an easy way to make some extra money, I don't want to be constantly digging through my accounts to make sure I was paid for adds.
My goal when doing this is to turn this into an all yearly expense job. $22,000 a year should do it.
My goal when doing this is to turn this into an all yearly expense job. $22,000 a year should do it.
My goal when doing this is to turn this into an all yearly expense job. $22,000 a year should do it.ARS noted that his own sales have not maintained that level some pages ago. I think he benefited quite a bit from being the early mustachian to the game.
I guess I`m just aiming too high. :P
I haven`t even started yet. I do however want to figure out some side gigs to make my goals happen.
Congratulations Ducky19 for your success in this!
I guess I`m just aiming too high. :P
I haven`t even started yet. I do however want to figure out some side gigs to make my goals happen.
Congratulations Ducky19 for your success in this!
Turn a hobby or a passion into some side income. That's what many people, including myself, have done.
That wasn’t supposed to happen!
We apologize for the inconvenience, but we could not complete your request. Please try again.
For Barclaycard, those who hit the limit of maximum tradelines and couldn't add any more AUs, what message did you receive?Ime that meant you hit limit
I just received this message when I tried to add two users. Tried again and got the same message. Never received it before. Does it mean I hit my limit?QuoteThat wasn’t supposed to happen!
We apologize for the inconvenience, but we could not complete your request. Please try again.
For Barclaycard, those who hit the limit of maximum tradelines and couldn't add any more AUs, what message did you receive?Ime that meant you hit limit
I just received this message when I tried to add two users. Tried again and got the same message. Never received it before. Does it mean I hit my limit?QuoteThat wasn’t supposed to happen!
We apologize for the inconvenience, but we could not complete your request. Please try again.
Sent from my Redmi Note 5 using Tapatalk
If you can product change it seems to reset limit but I have only been able to do that on one of our cards( arrival plus downgraded to arrival)For Barclaycard, those who hit the limit of maximum tradelines and couldn't add any more AUs, what message did you receive?Ime that meant you hit limit
I just received this message when I tried to add two users. Tried again and got the same message. Never received it before. Does it mean I hit my limit?QuoteThat wasn’t supposed to happen!
We apologize for the inconvenience, but we could not complete your request. Please try again.
Sent from my Redmi Note 5 using Tapatalk
That's what it looks like to me as well. Is it worth trying to call them and reset the limit? Anything else that can be done in this case?
If you can product change it seems to reset limit but I have only been able to do that on one of our cards( arrival plus downgraded to arrival)For Barclaycard, those who hit the limit of maximum tradelines and couldn't add any more AUs, what message did you receive?Ime that meant you hit limit
I just received this message when I tried to add two users. Tried again and got the same message. Never received it before. Does it mean I hit my limit?QuoteThat wasn’t supposed to happen!
We apologize for the inconvenience, but we could not complete your request. Please try again.
Sent from my Redmi Note 5 using Tapatalk
That's what it looks like to me as well. Is it worth trying to call them and reset the limit? Anything else that can be done in this case?
Sent from my Redmi Note 5 using Tapatalk
Another question: what is the AU limit for Barclaycard? I have counted 35 AUs total that I added for that card that doesn't seem to work anymore.
I know Barclays is a pretty preferred tradeline card. There's no SS# spot when added online. What's the best way to add the SS#. I actually sold one spot yesterday and called it in. The 2nd spot sold tonight and I'm not crazy about calling in again.I just never add an SSN with Barclay's. I've always found the rest of the info (name, DOB, and address) is enough, and I've never had one not post.
I know several others do the same thing.
There are people who do add it (and the TL companies recommend you do). Add them like normal online and then calling to add the SSN, like you did, is the correct way.
I had a an order on 6/25 and still haven't seen a payment. Is it common to go this long and do you always have to nag them to get paid?
Nope. An order on 6/25 likely posted early July, meaning payment should be end of September (two months later).
Contact the TL company, and if you can't get ahold of them, PM me details (your name/email and which TL company) and I can contact them to find out.
They said it did not report so that is why I never got paid. I guess they post login credentials on the portal and you are supposed to login to see the proof.
It is a very common problem with the "new" company (at least for me, and plenty of others who have posted in this thread.) After finally receiving the last payment I was due, after about a month of constant nagging, I shut down my account and moved all my cards to the "old" company. The new company pays promptly when they say they will, without the need to ask.
Anyone been paid for their late October adds yet?
Anyone been paid for their late October adds yet?
Or early October? ;-)
Anyone ever add an AU to BBVA Compass? I'm all over the site and find nothing. Not even a search function. I'll call if I have to, but of course would rather not.
***edit: Answering my own question, since I had to add the tradeline, I called in. There is no online way to add, so I did it with the CSR. No issues. Easy enough.
So how much is everyone making? I got to the game late and only cleared one AU so far, so $75 for me. Got 2 cards with lots of slots just going unused.
If everything pays out, we'll have made a little under $4000 between the two of us for 2017 (and a few sales made towards end of this year, which will pay out next year)
Which two cards?Three actually, a discover card each between wife and I, and a Fidelity/Elan card
Which two cards?Three actually, a discover card each between wife and I, and a Fidelity/Elan card
I added a line to my Barclays yesterday online (I think only 4th or 5th total with them so definitely not because I hit a max), but it never showed up on my account page. Called, phone support said they see the AU as pending, but they are confirming the AU details first before they add him officially. Notified TL company of this situation, they said sometimes this happens, and we're waiting until Friday [the deadline Barclays gave me] to see if it shows as added or they'll have to cancel the order.
This ever happen to anyone? Does this mean I should no longer do online adds?
I added a line to my Barclays yesterday online (I think only 4th or 5th total with them so definitely not because I hit a max), but it never showed up on my account page. Called, phone support said they see the AU as pending, but they are confirming the AU details first before they add him officially. Notified TL company of this situation, they said sometimes this happens, and we're waiting until Friday [the deadline Barclays gave me] to see if it shows as added or they'll have to cancel the order.
This ever happen to anyone? Does this mean I should no longer do online adds?
I had Barclays get sideways with me about one AU once, but not in the way you describe.
There's always risks associated with this type of activity. Inform yourself fully, evaluate the risk/reward ratio from your perspective, and then decide. It's really that simple.
Which two cards?Three actually, a discover card each between wife and I, and a Fidelity/Elan card
It would be really helpful I think if you could describe what sort of AU activity you had on the cards, what the CC companies' behavior was right before the shutdowns, and anything you think might have been a risk factor to the shutdowns.
Which two cards?Three actually, a discover card each between wife and I, and a Fidelity/Elan card
It would be really helpful I think if you could describe what sort of AU activity you had on the cards, what the CC companies' behavior was right before the shutdowns, and anything you think might have been a risk factor to the shutdowns.
For Discover, I had about ten sales in 2017, and five in 2018. Then saw a strange notification (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1558307/#msg1558307) on website with one add, sometime after my Discover card was shut down. Otherwise nothing unusual. Many people here reported Discover shutdowns around the same time.
Fidelity/Elan, I had about ten sales in 2018, all by phone. My last add on that call got escalated and questions were asked (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2177015/#msg2177015). That specific AU was added, but soon after my card was closed.
It has been a little while, but it's possible I could have done something to raise attention with Fidelity/Elan. I was travelling, with the kids, and harried. I called late at night and remember being a little confused myself on the phone. It could also have been random.
I added a line to my Barclays yesterday online (I think only 4th or 5th total with them so definitely not because I hit a max), but it never showed up on my account page. Called, phone support said they see the AU as pending, but they are confirming the AU details first before they add him officially. Notified TL company of this situation, they said sometimes this happens, and we're waiting until Friday [the deadline Barclays gave me] to see if it shows as added or they'll have to cancel the order.
This ever happen to anyone? Does this mean I should no longer do online adds?
I had Barclays get sideways with me about one AU once, but not in the way you describe.
There's always risks associated with this type of activity. Inform yourself fully, evaluate the risk/reward ratio from your perspective, and then decide. It's really that simple.
I meant should I call in for future adds vs the website, not adds in general. :) But yes--agreeing with the sentiment.
If a cc company closes a card because of Terms of Agreement breach, does it effect the other cards you have with the same company? I have a couple of Chase cards I may be willing to use for tradelines, but I also have a Chase Sapphire that I want to keep for just travel points. I would hate to lose any of these cards, but I would especially hate losing the Sapphire.
Questions about barclaycard product change to reset the tradeline limit (which I think I hit on one of my cards).
Is there a way to make sure that the card opening date doesn't reset when you change the product? I suppose it has to be a visa card if the previous card is also a visa, but is there any other way to make sure it doesn't just register as a brand new card with the bureaus and become useless for tradeline sales?
Is it possible to switch to a bacrlaycard uber card, keep the current card opening date which is 5+ years back (even though it's a new product) and get a signup bonus which is 200 for 400 spend? The bonus is not necessary because the card is good anyway, a free card with no foreign transaction fees.
If a cc company closes a card because of Terms of Agreement breach, does it effect the other cards you have with the same company? I have a couple of Chase cards I may be willing to use for tradelines, but I also have a Chase Sapphire that I want to keep for just travel points. I would hate to lose any of these cards, but I would especially hate losing the Sapphire.
Most of them just close that one line. Chase closes them all, which is why many of us don't enroll our Chase cards. Not worth severing that relationship.
Questions about barclaycard product change to reset the tradeline limit (which I think I hit on one of my cards).
Is there a way to make sure that the card opening date doesn't reset when you change the product? I suppose it has to be a visa card if the previous card is also a visa, but is there any other way to make sure it doesn't just register as a brand new card with the bureaus and become useless for tradeline sales?
Is it possible to switch to a bacrlaycard uber card, keep the current card opening date which is 5+ years back (even though it's a new product) and get a signup bonus which is 200 for 400 spend? The bonus is not necessary because the card is good anyway, a free card with no foreign transaction fees.
Anyone had a CC application denied for the following reason? Just received this denial from CapitalOne. I've opened 7-8 tradelines in the previous 24 months.
Thank you for applying for a credit card issued by Capital One®. Unfortunately, after reviewing your
application and information obtained from your consumer credit report(s) from the agencies detailed
on the back of this letter - we cannot approve your request at this time.
The reason(s) for our decision are:
• Based on your credit report from Trans Union,number of bank cards tradelines opened in the
last 24 months
Does the requirement that credit utilization of accounts not exceed 15% apply to each account used for AUs or does it apply to all total credit available on all my cards?
I have a PNC card that the new company is currently resting and it currently has no AUs (credit limit $25k). I would like to do a $10,000 balance transfer offer for which PNC is offering 0% interest until Feb 28, 2020. I would stop charging to the card and allow no new AUs. Will this cause any problem for the other AUs I have on other (non-PNC) cards? I guess I would also have to notify the tradeline company that I want to rest the card until I say otherwise.
I am trying to look at options for getting cash if this Federal govt. shutdown nonsense is going to continue much longer.
Does the requirement that credit utilization of accounts not exceed 15% apply to each account used for AUs or does it apply to all total credit available on all my cards?
I have a PNC card that the new company is currently resting and it currently has no AUs (credit limit $25k). I would like to do a $10,000 balance transfer offer for which PNC is offering 0% interest until Feb 28, 2020. I would stop charging to the card and allow no new AUs. Will this cause any problem for the other AUs I have on other (non-PNC) cards? I guess I would also have to notify the tradeline company that I want to rest the card until I say otherwise.
I am trying to look at options for getting cash if this Federal govt. shutdown nonsense is going to continue much longer.
Just for that card. That's the one that shows up on their credit report, and your utilization on that card will affect them. On your other cards won't.
Questions about barclaycard product change to reset the tradeline limit (which I think I hit on one of my cards).
Is there a way to make sure that the card opening date doesn't reset when you change the product? I suppose it has to be a visa card if the previous card is also a visa, but is there any other way to make sure it doesn't just register as a brand new card with the bureaus and become useless for tradeline sales?
Is it possible to switch to a bacrlaycard uber card, keep the current card opening date which is 5+ years back (even though it's a new product) and get a signup bonus which is 200 for 400 spend? The bonus is not necessary because the card is good anyway, a free card with no foreign transaction fees.
Barclays has good CS reps, so I would recommend you call. However, in my experience, you can only downgrade, not product change. ie you can go from Arrival+ to Arrival; not Arrival to Uber.
If this is confirmed, it may make sense for folks to season a BC card with an annual fee to allow for future downgrade.
P.S. You might also try the stolen card/lost card function on the web site. This did not work for me. I assume it is tied into the same process as AU's on the back-end and couldn't "make" a new card. Worth a shot!
Questions about barclaycard product change to reset the tradeline limit (which I think I hit on one of my cards).
Is there a way to make sure that the card opening date doesn't reset when you change the product? I suppose it has to be a visa card if the previous card is also a visa, but is there any other way to make sure it doesn't just register as a brand new card with the bureaus and become useless for tradeline sales?
Is it possible to switch to a bacrlaycard uber card, keep the current card opening date which is 5+ years back (even though it's a new product) and get a signup bonus which is 200 for 400 spend? The bonus is not necessary because the card is good anyway, a free card with no foreign transaction fees.
Barclays has good CS reps, so I would recommend you call. However, in my experience, you can only downgrade, not product change. ie you can go from Arrival+ to Arrival; not Arrival to Uber.
If this is confirmed, it may make sense for folks to season a BC card with an annual fee to allow for future downgrade.
P.S. You might also try the stolen card/lost card function on the web site. This did not work for me. I assume it is tied into the same process as AU's on the back-end and couldn't "make" a new card. Worth a shot!
Thank you! What do you mean lost/stolen card function didn't work for you? They issued a new card with a different number, right? Do you mean your tradeline limit didn't reset after that? How about credit card history with the bureaus, did the card opening date remain the same?
When you report a card lost or stolen, does anybody know what happens to your current authorized users? If they don't have actual cards, do they stay as AUs on a replaced card?
As of Jan 15, 2019 - Credit Score: 827
All Credit Reports are locked - by preference due to poor security controls at the 3 major agencies
Daily Active Accounts
Chase Visa 1 - 30.0K, 4.5 Years (Gas, Groceries, Etc go here for points hacks)
Chase Visa 2 - 16.7K, 11 Years (Automated bills go here)
(Not Willing to enroll either of these due to fear of Chase Canceling Visa 1)
Old Cards that I never closed, to retain their positive impact on my credit history.
Capital One Visa - 7K, 18 Years
Capital One MasterCard - 7.4K, 9.5 Years
Discover - 6K, 8 Years
Questions
1 - Will Tradeline Selling work with locked credit reports?
2 - I See Discover has a cap of 5 AU. What is the AU cap on Capital One?
3 - Does the Tradeline Company keep track of Max AU (when to Add/Remove)?
4 - Is it *Worth* risking my 18 year old Credit Line (oldest in history)?
Thanks Folks!
Utilization with New Company has gone way down for me. I have 5 cards listed.
Only had one slot sell since September. October=0, November=1, December=0. So far January=0. (I had 3 in September; 2 in August; 4 in July. So these last few months have really lowered my averages). July/Aug/Sept slots=9. Oct/Nov/Dec/halfJan slots=1.
I added a line to my Barclays yesterday online (I think only 4th or 5th total with them so definitely not because I hit a max), but it never showed up on my account page. Called, phone support said they see the AU as pending, but they are confirming the AU details first before they add him officially. Notified TL company of this situation, they said sometimes this happens, and we're waiting until Friday [the deadline Barclays gave me] to see if it shows as added or they'll have to cancel the order.
This ever happen to anyone? Does this mean I should no longer do online adds?
I added a line to my Barclays yesterday online (I think only 4th or 5th total with them so definitely not because I hit a max), but it never showed up on my account page. Called, phone support said they see the AU as pending, but they are confirming the AU details first before they add him officially. Notified TL company of this situation, they said sometimes this happens, and we're waiting until Friday [the deadline Barclays gave me] to see if it shows as added or they'll have to cancel the order.
This ever happen to anyone? Does this mean I should no longer do online adds?
Turns out this was TL company error. They gave me the wrong first name. It's interesting that, without even giving Barclays an SSN, they knew to flag immediately and ultimately not add this AU because of this mistake. I'm also curious to see what the fallout will be, if any, on my account for future adds.
Does anybody else get requests from Discover for AU's proof of address and SSN for every single add? I do for some reason, starting late last year.
Turns out this was TL company error. They gave me the wrong first name. It's interesting that, without even giving Barclays an SSN, they knew to flag immediately and ultimately not add this AU because of this mistake. I'm also curious to see what the fallout will be, if any, on my account for future adds.
Anyone added an AU to Citi Cards, recently? Since, secure messaging is no longer available I been calling to make new adds. I was transferred to the Fraud division for additional confirmation and I didn't think much of it since it happens sometimes.
But yesterday the Rep clearly told me that the AU card will be sent to the AU's address, I stressed that I want the AU card to be mailed to my address and not to the AU. Then I was transferred to the Fraud division for additional confirmation. The Fraud specialist confirmed that since I asked that the card be mailed to my address and not to the AU they had to do the additional screening. I added AUs yesterday (separately during different times of the day) and was transferred to the Fraud division on both occasions.
In the past the AU cards were always sent to the primary cardholder by default. I'm not sure if this has now changed with Citi but thought of putting this out here so people may want to make sure that the AU card is being sent to them.
Another option to avoid annual fees would be to downgrade the cards. That way in a couple of years you could sell tradelines on those cards as well.
Has anybody had any luck trying to move credit line from one Citicard to another? I have an older card which i use for tradelines and a couple of cards that I opened recently for signup bonuses and will probably have to close them this year to avoid paying annual fees. For the last citicard I had to close, i asked the rep to move the credit line to the old card but he said he couldn't do that.I did get Citi to move credit limit from my older "Thank You" card to my newer "Double Cash" card, but I don't think they would entertain the idea of moving all my credit limit from one card to another prior to closing the card. I'm sure it helped that I had specific spending I was trying to do on the "Double Cash" card at the time.
If you are successful with the product change, you might move some of your credit limit from your older card if it would provide a better overall balance of your total credit limit with Citi.Another option to avoid annual fees would be to downgrade the cards. That way in a couple of years you could sell tradelines on those cards as well.
Is it possible with AAdvantage cards? If possible, the cards don't have high enough credit lines for me to be able to make decent money on them. It's still better than nothing, so that's probably what I'll try to do.
Is it possible with AAdvantage cards? If possible, the cards don't have high enough credit lines for me to be able to make decent money on them. It's still better than nothing, so that's probably what I'll try to do.
I’m... dumb.
I forgot to remove AUs and was wondering why the AU requests dried up. Oops. Hopefully I can fill more spots again now, and maybe open up a second card for TL use. :-)
Well, when you put it that way ... :-)I’m... dumb.
I forgot to remove AUs and was wondering why the AU requests dried up. Oops. Hopefully I can fill more spots again now, and maybe open up a second card for TL use. :-)
You're... busy with life (plant, dog, wall vermin, ex, work drama).
Doesn't the company send you reminders to remove?
QuoteIs it possible with AAdvantage cards? If possible, the cards don't have high enough credit lines for me to be able to make decent money on them. It's still better than nothing, so that's probably what I'll try to do.
A bit out of date, but I PC'd an AAdvantage card a couple years ago. I went to a Dividend, but they REALLY wanted me to switch to a Double Cash instead. I bet they would be happy to switch you over to a Double Cash, maybe several other options if you ask nicely/persistently enough. I think there is also a no-fee Aadvantage that is rarely mentioned that you could downgrade to. However, I doubt that it would be possible to switch to a different co-branded card.
On another note, I just finished reading the entire thread. Overall, it seems like the new company has somewhat better rates, but frequently requires nudging to get paid and is overall sloppier. As far as I have seen, the new company is also the only one who has had "bad eggs" - people the CC companies have flagged for fraud - slip through their system, if just a few. Does that mesh with everyone's current experience?
@ Padonak
Yes, I did have to wait a year. That doesn't mean you have to pay the annual fee. They will charge it, but it's refundable if you cancel or product change within 30 (I think - may be more or less) days.
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Wow, really? First, I don't know too many people who even have their SS card any more. Second, I thought the government said you're not supposed to give your card to anyone, and you're not really supposed to give your SSN to anyone unless it's for official government purposes.
I'd consider (a) asking them to add without the SS card based on the above principles, (b) tell them they can't ask for the SS card because it violates US federal law (maybe it does?) and see what they say, (c) wait and see; maybe they'll add the AU anyway (not likely), or (d) give up and tell the TL company it didn't work this time.
Is this with new TL company? I had an issue like yours and it was with new TL company and Barclays.
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Wow, really? First, I don't know too many people who even have their SS card any more. Second, I thought the government said you're not supposed to give your card to anyone, and you're not really supposed to give your SSN to anyone unless it's for official government purposes.
I'd consider (a) asking them to add without the SS card based on the above principles, (b) tell them they can't ask for the SS card because it violates US federal law (maybe it does?) and see what they say, (c) wait and see; maybe they'll add the AU anyway (not likely), or (d) give up and tell the TL company it didn't work this time.
Is this with new TL company? I had an issue like yours and it was with new TL company and Barclays.
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Wow, really? First, I don't know too many people who even have their SS card any more. Second, I thought the government said you're not supposed to give your card to anyone, and you're not really supposed to give your SSN to anyone unless it's for official government purposes.
I'd consider (a) asking them to add without the SS card based on the above principles, (b) tell them they can't ask for the SS card because it violates US federal law (maybe it does?) and see what they say, (c) wait and see; maybe they'll add the AU anyway (not likely), or (d) give up and tell the TL company it didn't work this time.
Is this with new TL company? I had an issue like yours and it was with new TL company and Barclays.
I thought the deal with Barclays was that you put in the info online and it'll post without a social.
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Several months ago Capital One required color copies of the every AU I'd ever added. The New Company sent them to me. One was rejected by CapOne because it wasn't signed and another was rejected because it was black and white. Now my account is restricted.
With barclaycard, if it's no longer possible to add an AU online (likely due to hitting the limit on this card), has anybody tried to add the same AU over the phone? If so, did it work?
I have a card for which I'm sure I hit the limit, because multiple attempts to add new AUs failed. I reported it as lost and got a new card, still have the same problem. Product change is not an option for this particular card according to the representative on the phone. The last thing i can try is to add the AU over the phone... not sure if it's worth trying, perhaps it could trigger an additional review.
With barclaycard, if it's no longer possible to add an AU online (likely due to hitting the limit on this card), has anybody tried to add the same AU over the phone? If so, did it work?
I have a card for which I'm sure I hit the limit, because multiple attempts to add new AUs failed. I reported it as lost and got a new card, still have the same problem. Product change is not an option for this particular card according to the representative on the phone. The last thing i can try is to add the AU over the phone... not sure if it's worth trying, perhaps it could trigger an additional review.
You could try but I doubt it will work. I was in that same boat a few months ago. The rep will be confused for a while too as to why it isn't working over the phone. They eventually get a supervisor involved and find the AU limit.
Right now Barclay is my only tradeline card. Can anyone provide datapoints for what the AU limit might be (including over period of time)?
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Wow, really? First, I don't know too many people who even have their SS card any more. Second, I thought the government said you're not supposed to give your card to anyone, and you're not really supposed to give your SSN to anyone unless it's for official government purposes.
I'd consider (a) asking them to add without the SS card based on the above principles, (b) tell them they can't ask for the SS card because it violates US federal law (maybe it does?) and see what they say, (c) wait and see; maybe they'll add the AU anyway (not likely), or (d) give up and tell the TL company it didn't work this time.
Is this with new TL company? I had an issue like yours and it was with new TL company and Barclays.
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Wow, really? First, I don't know too many people who even have their SS card any more. Second, I thought the government said you're not supposed to give your card to anyone, and you're not really supposed to give your SSN to anyone unless it's for official government purposes.
I'd consider (a) asking them to add without the SS card based on the above principles, (b) tell them they can't ask for the SS card because it violates US federal law (maybe it does?) and see what they say, (c) wait and see; maybe they'll add the AU anyway (not likely), or (d) give up and tell the TL company it didn't work this time.
Is this with new TL company? I had an issue like yours and it was with new TL company and Barclays.
It was the new company. Also the new company says that if you add online barclays wont let you put the social in so you have to call. The new company claims without the social it wont post
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Wow, really? First, I don't know too many people who even have their SS card any more. Second, I thought the government said you're not supposed to give your card to anyone, and you're not really supposed to give your SSN to anyone unless it's for official government purposes.
I'd consider (a) asking them to add without the SS card based on the above principles, (b) tell them they can't ask for the SS card because it violates US federal law (maybe it does?) and see what they say, (c) wait and see; maybe they'll add the AU anyway (not likely), or (d) give up and tell the TL company it didn't work this time.
Is this with new TL company? I had an issue like yours and it was with new TL company and Barclays.
It was the new company. Also the new company says that if you add online barclays wont let you put the social in so you have to call. The new company claims without the social it wont post
That's a real contradiction to what arebelspy has said in the past about Barclays
Just got shut down with Chase. I had two cards with new company for about nine months. The letter stated they were closing account because of Adding and/or removing multiple authorized users in a short period of time. Both accounts received the same letter. I had 5 adds on the higher limit card during that time and none on my other card. I had been with them over 10 years.Sorry for your loss. How many AUs in total did you put on each Chase card in that 9months?
Just got shut down with Chase. I had two cards with new company for about nine months. The letter stated they were closing account because of Adding and/or removing multiple authorized users in a short period of time. Both accounts received the same letter. I had 5 adds on the higher limit card during that time and none on my other card. I had been with them over 10 years.
I had 5 AU's in total on one card during that period. Yes, they shut down all my accounts. The one card did not have any AU's at all but they also shut it down as it is their policy. I got the same letter for the card that had no AU's ever added saying it had too many adds even though that card had none. I have stellar credit and been with them a long time so this sucks.
I had 5 AU's in total on one card during that period. Yes, they shut down all my accounts. The one card did not have any AU's at all but they also shut it down as it is their policy. I got the same letter for the card that had no AU's ever added saying it had too many adds even though that card had none. I have stellar credit and been with them a long time so this sucks.
Had an issue with barclays. They demanded a physical copy of the AU's SS card. Obviously didnt have it. Not sure what to do
Wow, really? First, I don't know too many people who even have their SS card any more. Second, I thought the government said you're not supposed to give your card to anyone, and you're not really supposed to give your SSN to anyone unless it's for official government purposes.
I'd consider (a) asking them to add without the SS card based on the above principles, (b) tell them they can't ask for the SS card because it violates US federal law (maybe it does?) and see what they say, (c) wait and see; maybe they'll add the AU anyway (not likely), or (d) give up and tell the TL company it didn't work this time.
Is this with new TL company? I had an issue like yours and it was with new TL company and Barclays.
It was the new company. Also the new company says that if you add online barclays wont let you put the social in so you have to call. The new company claims without the social it wont post
That's a real contradiction to what arebelspy has said in the past about Barclays
I have talked to Arebelspy a lot but never on this topic of Barclays. I am just going by the adding instructions the company gives in their dashboard. I'll post back and let the thread know how it goes
When does the new company send out 1099's? I got one from the old company already along with every bank I have money in and every brokerage and every W2. Don't see anywhere on the site where they'd be.
New company emailed me a password-protected copy of my 1099, so I assume they aren't sending hard copies. I suggest checking your emails.
New company emailed me a password-protected copy of my 1099, so I assume they aren't sending hard copies. I suggest checking your emails.
I got one from the old company. I'll check my snail mail today.
I get both text and email from both companies to add and to remove. The old company's web page is nice in that it shows how many spots are sold and how many total spots are available for each card. So I know that if one card says 2/2, that it's not going to be sold until at least one AU is removed.
New company sent me a physical 1099; old company sent me an electronic 1099.
Just posting to say that I did receive a 1099 from the new company even though it was less than $600. So anybody who may be trying to skirt reporting that income - beware.
Just posting to say that I did receive a 1099 from the new company even though it was less than $600. So anybody who may be trying to skirt reporting that income - beware.
Is there a way to check online which companies sent you 1099s and for what amounts for 2018 tax year before you file taxes?
For example, in case one of the 1099s gets lost in the mail or you change an address and by mistake receive a 1099 to your previous address.
Just posting to say that I did receive a 1099 from the new company even though it was less than $600. So anybody who may be trying to skirt reporting that income - beware.
Is there a way to check online which companies sent you 1099s and for what amounts for 2018 tax year before you file taxes?
For example, in case one of the 1099s gets lost in the mail or you change an address and by mistake receive a 1099 to your previous address.
My 30-year BoA card was just closed (supposedly during a periodic review) for irregular AU activity. I don't know whether the rep really couldn't or just wouldn't give me more details when I pressed him several times such as what would constitute irregular activity or why their site says it's "a great way to extend your credit line" to others.
I requested to re-open and he said the reply back was "the terms & conditions you originally agreed to are no longer available". I pressed him on that, too. I can see T&C changing but how do they become unavailable? I wondered if he was just playing with me.
It had 3 current AUs and 9 prior to that since Sep 2017.
Emphasis added. Bummer. Old Company recommends a max of 2 AUs at a time on BofA cards.
My 30-year BoA card was just closed (supposedly during a periodic review) for irregular AU activity. I don't know whether the rep really couldn't or just wouldn't give me more details when I pressed him several times such as what would constitute irregular activity or why their site says it's "a great way to extend your credit line" to others.
I requested to re-open and he said the reply back was "the terms & conditions you originally agreed to are no longer available". I pressed him on that, too. I can see T&C changing but how do they become unavailable? I wondered if he was just playing with me.
It had 3 current AUs and 9 prior to that since Sep 2017.
New company emailed me a password-protected copy of my 1099, so I assume they aren't sending hard copies. I suggest checking your emails.
I got one from the old company. I'll check my snail mail today.
New company emailed me a password-protected copy of my 1099, so I assume they aren't sending hard copies. I suggest checking your emails.
I got one from the old company. I'll check my snail mail today.
I haven't got the 1099 from the New Company, yet. I emailed them but as usual no response. I know the amount that they paid me in 2018 but am not confident that they will report it correctly to the IRS. So now am held up and probably will have to request Joe to nudge them.
The problem with Citi is that they issue actual cards and mail them to my address but put AU's name on the envelope. Then the postman most of the time doesn't deliver these letters because the name on the mailbox doesn't match the name on the letter.
The problem with Citi is that they issue actual cards and mail them to my address but put AU's name on the envelope. Then the postman most of the time doesn't deliver these letters because the name on the mailbox doesn't match the name on the letter.
I hate that some Credit Card Companies do this. I have the same problem with letters not being delivered to me because it is not my name on the outside. I'm signed up for Informed Delivery, so I will see that a card is coming, but then I won't get it because it isn't my name. So stupid.
When I'm going to do my taxes HR Block is making me create a business to input my 1099-MISC from my (1) tradeline. Is there any way to input this so I won't have to pay self employment taxes? Bummed because this and a $800 side gig is forcing me to pay for the $70 small business package from HR Block, or $100 from TurboTax!
When I'm going to do my taxes HR Block is making me create a business to input my 1099-MISC from my (1) tradeline. Is there any way to input this so I won't have to pay self employment taxes? Bummed because this and a $800 side gig is forcing me to pay for the $70 small business package from HR Block, or $100 from TurboTax!
When I'm going to do my taxes HR Block is making me create a business to input my 1099-MISC from my (1) tradeline. Is there any way to input this so I won't have to pay self employment taxes? Bummed because this and a $800 side gig is forcing me to pay for the $70 small business package from HR Block, or $100 from TurboTax!
TaxAct is $57.95 for the Premier package. Don't forget to go through ebates for 10% back.
Can everybody report their income as other income and not pay self employment taxes or is there an income limit?
For example, if the total income is a couple of thousand with 1099 recieved from both tradeline companies, does it have to be reported as earned income?
However when I check the availability of my card it shows a new person listed for March 2019 and April 2019, but I never received a message to add them. Their name is followed by (C.O.) for April. Should I be expecting them to add a task to add this person some time in March?Yes, that is a future spot sold on that card.
However when I check the availability of my card it shows a new person listed for March 2019 and April 2019, but I never received a message to add them. Their name is followed by (C.O.) for April. Should I be expecting them to add a task to add this person some time in March?Yes, that is a future spot sold on that card.
However when I check the availability of my card it shows a new person listed for March 2019 and April 2019, but I never received a message to add them. Their name is followed by (C.O.) for April. Should I be expecting them to add a task to add this person some time in March?Yes, that is a future spot sold on that card.
When are they going to notify me to add them? Waiting until my billing cycle gets closer so they can jam me up and make it a last minute add?
However when I check the availability of my card it shows a new person listed for March 2019 and April 2019, but I never received a message to add them. Their name is followed by (C.O.) for April. Should I be expecting them to add a task to add this person some time in March?Yes, that is a future spot sold on that card.
When are they going to notify me to add them? Waiting until my billing cycle gets closer so they can jam me up and make it a last minute add?
I'd guess it's more to make sure it isn't cancelled.
Does a five minute thing that you have multiple days to do really "jam you up"?
Has anybody received recent tradeline orders? I haven't gotten any orders since mid February. Seems odd given that I got a few in a row in January and beginning of February. I wonder if it's seasonal?
Has anybody received recent tradeline orders? I haven't gotten any orders since mid February. Seems odd given that I got a few in a row in January and beginning of February. I wonder if it's seasonal?
Citi canceled my TL card as well as my AA miles card. Fun while it lasted I guess.
Citi canceled my TL card as well as my AA miles card. Fun while it lasted I guess.Just to clarify, you used one Citi card for tradelines and they cancelled all your cards, not only the one you used?
Has anybody received recent tradeline orders? I haven't gotten any orders since mid February. Seems odd given that I got a few in a row in January and beginning of February. I wonder if it's seasonal?
Has anybody received recent tradeline orders? I haven't gotten any orders since mid February. Seems odd given that I got a few in a row in January and beginning of February. I wonder if it's seasonal?
I've had 2 on my $50 line in February and just got an order on my $225 last week. I just bumped up the limit on my third card, so it will probably take a couple of months before I get orders on it. It always seems like it takes time for the cards to get orders when they go to a higher bracket.Has anybody received recent tradeline orders? I haven't gotten any orders since mid February. Seems odd given that I got a few in a row in January and beginning of February. I wonder if it's seasonal?
Nope. i had one in November and nothing since. (new company)
He has some interesting points to make against piggybacking.
Link (starts at 8:55): https://clark.com/podcasts/3-18-19-trouble-saving-for-retirement-bad-529-plans-home-ownership-on-the-rise/
My recollection is that credit reports show the first several digits, no the last 4.
My recollection is that credit reports show the first several digits, no the last 4.
No, as that would be incredibly insecure given how accessible credit reports are. I just checked mine, it doesn’t provide any of the numbers, all “x’s” for almost every account -- only a couple did provide the last 4 (I have around 35 from churning). Even when you log into your cc Account it will only provide the last 4.
First 4 only identify the issuing bank, correct?
Do you guys use the AU cards or just stick them in a drawer? Thinking that I’d use them to do the occasional gas or grocery purchase to at least show some usage. Does it even matter?
Do you guys use the AU cards or just stick them in a drawer? Thinking that I’d use them to do the occasional gas or grocery purchase to at least show some usage. Does it even matter?
Personally I just stick them in a drawer, and have never had one not post. YMMV.
Do you guys use the AU cards or just stick them in a drawer? Thinking that I’d use them to do the occasional gas or grocery purchase to at least show some usage. Does it even matter?
Do you guys use the AU cards or just stick them in a drawer? Thinking that I’d use them to do the occasional gas or grocery purchase to at least show some usage. Does it even matter?
Do you guys use the AU cards or just stick them in a drawer? Thinking that I’d use them to do the occasional gas or grocery purchase to at least show some usage. Does it even matter?Somewhere in all these tradeline posts was someone claiming their bank sent AU cards with different acct numbers. In that case, you should use the card. The huge majority of banks issue AU cards with the same number so it doesn't matter. Perhaps they were confused and were trying to use a business card for tradelines??? I don't see why a bank would use different numbers, but that stuck out at me since I found it so odd.
Got an add for my Citi card. I added the AU online and then called in to add the social. Very painless and quick process. I know folks have had issues with Citi being a PITA before.
Got an add for my Citi card. I added the AU online and then called in to add the social. Very painless and quick process. I know folks have had issues with Citi being a PITA before.
That's a shock! A few months ago I added a friend to my Citi card, it was at least 45 minutes of nonsense to the point I'm not sure I'll use any of my Citi cards for tradelines.
Got an add for my Citi card. I added the AU online and then called in to add the social. Very painless and quick process. I know folks have had issues with Citi being a PITA before.
That's a shock! A few months ago I added a friend to my Citi card, it was at least 45 minutes of nonsense to the point I'm not sure I'll use any of my Citi cards for tradelines.
I was thinking it may be because you added the AU online first. I can't remember if I did or not but I'm leaning towards I didn't. If there's ever a next time I will try that.
I was fully expecting the third degree. Perhaps it was because I had already added the AU online or maybe I just got lucky and got a really good rep? I dunno.
Got an add for my Citi card. I added the AU online and then called in to add the social. Very painless and quick process. I know folks have had issues with Citi being a PITA before.Does this work consistently (adding Citi AUs online and then calling to add the social)? How many AUs did you add the same way? Did they all post? Has anybody else done the same? I always add Citi AUs over the phone but it's a major pain do add and even remove them.
It didn't get cut off. You just posted above the comment you were responding to.
My last post got cut off. What I said was if there's a next time I'll try adding the AU online and call the ssn in. Thanks masterstache.
Got an add for my Citi card. I added the AU online and then called in to add the social. Very painless and quick process. I know folks have had issues with Citi being a PITA before.Does this work consistently (adding Citi AUs online and then calling to add the social)? How many AUs did you add the same way? Did they all post? Has anybody else done the same? I always add Citi AUs over the phone but it's a major pain do add and even remove them.
It didn't get cut off. You just posted above the comment you were responding to.
My last post got cut off. What I said was if there's a next time I'll try adding the AU online and call the ssn in. Thanks masterstache.
Oh well Citi closed my card because of all the authorized user activity on it over the last 2 years.Did Citi close just one card which you used for tradelines or all your Citi cards?
It was a good run and I probably made around $5000 from that card.
Oh well Citi closed my card because of all the authorized user activity on it over the last 2 years.Yeah, it's not uncommon for cards without any activity to get closed after a period of time. Usually just one small transaction a year is enough to keep them open indefinitely.
It was a good run and I probably made around $5000 from that card.
FYI @lexde and others, I am staying pretty busy with "old company". Yall may want to give them a shot.
Could someone give me a referral to the "new" company? I went with the >20k limit one for one card. Now I've got another lower limit card (10k) I want to add.
When people ask for a recommendation, I tell them if they have cards that fit old company's requirements (10k minimum, 5+ years old, Barclays, Capital One, Citibank, Discover, Elan, PNC, US Bank, USAA, Bank of America, Chase), enroll there, if not (if cards are younger/lower limit), enroll with new company.
Still haven't found any other companies worth working with, and occasional sales with cards that are newer are worth it, but yeah, the volume isn't as good (or saturation is higher), unfortunately.
Go between those places where your cards fit, basically.
My experience with the old company was really good with the "younger cards." YMMV of course.
My experience with the old company was really good with the "younger cards." YMMV of course.
Sure, but they haven't accepted those except for a brief period a year ago. If that changes, I'll post here. :)
Sure. They're definitely still useful if enrolled. My point was it's not helpful for anyone right now, as they haven't accepted cards like that for a year. But I'll post if that changes. I'm glad it worked well for you. :)
Sure. They're definitely still useful if enrolled. My point was it's not helpful for anyone right now, as they haven't accepted cards like that for a year. But I'll post if that changes. I'm glad it worked well for you. :)
Hmm, I didn't realize they stopped taking those cards. The email I got from them seeking enrollment for these younger cards was back in December 2018 (about 4 months ago). I am sure they had a huge influx in that short time period.
So I am curious on how you all are able to get your credit limits to a point to qualify for the 'old company'. It seems every card I get the credit line is $9k. When I call to get the limit raised I typically get a hard inquiry and the limit is only ever raised $100-$200. (Chase and Discover are my 2 oldest cards, but my BoA and Citi did the same thing)
My credit score is pretty good, normally sitting around 780-800. Mine and my spouses combined income is a touch higher than 100k. I have never had a late payment. The only thing I can think of is my student loan debt that is, between the both of us, around $90,000. Is it really the case that my student loan debt is preventing me from getting the limits raised or am I missing out on something that is causing the lower limits?
Just had my first issue with Barclays where the tradeline only reported to one bureau. Anyone else have this happen?
I haven't gotten a spot on my card filled in almost 5 months now... has anyone else had this issue?It had been barren since October but got 4 AU's in last month with new company.
Am I the only one who invariably has to send at least 2 reminders every time I'm due payment from the new company?
Really kind of gets old.
Hi Authorized Credit Card User Slot Sellers for Fun and Profit,
Sorry in advance as I know its somewhere in this mega thread already, but what is the guidance on the Max AUs for a Chase card?
Thanks!
I'm new to selling and just got a notice to remove my 2nd client from my Chase card. Chase's website allowed me to add clients online, but according to the website, I have to call a live phone rep to remove. Talking to a live person makes me nervous about them noticing all my authorized user activity. Do all Chase cards require removals by phone?? I'm wondering how people manage to do this for years before getting their cards cancelled.
I only ever sold tradelines on one of the cards, and it's been about a year since my last sale.
I find it weird they did so after such a long break. At least mine had been fairly active.
Am I the only one who invariably has to send at least 2 reminders every time I'm due payment from the new company?I've been paid on time every time with new and old company.
Really kind of gets old.
Even though discover canceled my account months (a year?) ago, they still send me free credit monitoring alerts, so I’ve got that going for me, which is nice
Even though discover canceled my account months (a year?) ago, they still send me free credit monitoring alerts, so I’ve got that going for me, which is nice
They canceled one of my cards too. Did you even attempt to re-open it? They closed mine without any explanation and I never called to dispute it.
Barclays is really taking care of me. After maxing out AU's a few months ago on my first card, I put it in the sock drawer. They increased my limit. LOL
Anyone else have sales stop with the new company? I've had one $50 sale in the last 8 months.I had one or two sales last year, none this year.
Barclays is really taking care of me. After maxing out AU's a few months ago on my first card, I put it in the sock drawer. They increased my limit. LOL
They increased your credit limit or the limit of AU's?
Anyone else have sales stop with the new company? I've had one $50 sale in the last 8 months.
Yea I'm thinking I should pull my cards and switch to the old company instead. Are sales more steady with them?
Hi
I keep seeing tradeline companies being refereed to as new and old company. Curious if someone can lmk who these companies are I'm interested in purchasing tradelines but most of my search efforts have left me uncomfortable.
Thx
I just received a settlement from Discover card.
Their letter included discussion of irregular AU activity.
Their letter included discussion of irregular AU activity.
My understanding from PointsLawyer is that if this is what they send you, there's no case. If they send you nonsense/generic letter without telling you the reason, then he can pursue a settlement. Likely he will chime in soon.
I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.
Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?
Their letter included discussion of irregular AU activity.
My understanding from PointsLawyer is that if this is what they send you, there's no case. If they send you nonsense/generic letter without telling you the reason, then he can pursue a settlement. Likely he will chime in soon.
I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.
Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?
It's a federal law so it would work with any US issuer.
You can only sue them if they violate the law. Closing your cards doesn't violate the law. Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law. @PointsLawyer can probably give a better, more precise, explanation.
I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.
Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?
It's a federal law so it would work with any US issuer.
You can only sue them if they violate the law. Closing your cards doesn't violate the law. Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law. @PointsLawyer can probably give a better, more precise, explanation.
Nailed it. I have experience bringing claims against most major banks. Happy to give more precise explanations in a more appropriate forum. Here, I'm just trying to share some generalized legal knowledge.
Not legal advice. Informational purposes only. Not trying to solicit clients.
I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.
Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?
It's a federal law so it would work with any US issuer.
You can only sue them if they violate the law. Closing your cards doesn't violate the law. Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law. @PointsLawyer can probably give a better, more precise, explanation.
Nailed it. I have experience bringing claims against most major banks. Happy to give more precise explanations in a more appropriate forum. Here, I'm just trying to share some generalized legal knowledge.
Not legal advice. Informational purposes only. Not trying to solicit clients.
So if they send you a letter decreasing your limit because you don't use your card as much as they think you should with your limit, that's good enough?
I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.
Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?
It's a federal law so it would work with any US issuer.
You can only sue them if they violate the law. Closing your cards doesn't violate the law. Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law. @PointsLawyer can probably give a better, more precise, explanation.
Nailed it. I have experience bringing claims against most major banks. Happy to give more precise explanations in a more appropriate forum. Here, I'm just trying to share some generalized legal knowledge.
Not legal advice. Informational purposes only. Not trying to solicit clients.
So if they send you a letter decreasing your limit because you don't use your card as much as they think you should with your limit, that's good enough?
I'm not @PointsLawyer, but for the purposes of the law that is being referenced, as long as they give you a reason for an adverse action, then they're complying with the law, yes. Of course, there are lots of other laws regarding credit that they have to comply with. For example, they can't decrease your limit because of your race or gender.
As a practical matter, they won't decrease your limit if you don't use the card very much. They will close it if you don't use it for a "long" time, where long is usually at least a year.
I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.
Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?
It's a federal law so it would work with any US issuer.
You can only sue them if they violate the law. Closing your cards doesn't violate the law. Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law. @PointsLawyer can probably give a better, more precise, explanation.
Nailed it. I have experience bringing claims against most major banks. Happy to give more precise explanations in a more appropriate forum. Here, I'm just trying to share some generalized legal knowledge.
Not legal advice. Informational purposes only. Not trying to solicit clients.
So if they send you a letter decreasing your limit because you don't use your card as much as they think you should with your limit, that's good enough?
I'm not @PointsLawyer, but for the purposes of the law that is being referenced, as long as they give you a reason for an adverse action, then they're complying with the law, yes. Of course, there are lots of other laws regarding credit that they have to comply with. For example, they can't decrease your limit because of your race or gender.
As a practical matter, they won't decrease your limit if you don't use the card very much. They will close it if you don't use it for a "long" time, where long is usually at least a year.
There was a recent thread where AmEx decreased limits on a ton of people. Apparently someone called in and had the original limit reinstated though.
I was looking into getting a Barclays card but noticed on their website that they have many off brand cards like Barnes & Noble and AAdvantage Aviator. For the purpose of trade lines are these considered Barclay cards?Yes.
Thanks in advance
Thanks Nightzephyr.
Anyone who knows if the $25 and $50 payments that are mentioned as being frequent sales by a few recent posters are just relics that were registered long ago, or if they are accepted by New Company?
At the risk of asking a dumb question, can I try to enroll with all my supported cards in both the Old and New Companies at the same time (in order to increase chances of obtaining sales), or would that not work? I realize that you'd have to be careful about exceeding AU limits in the case of sales on the same card by both companies. But it seems like some people/cards are not reaching the cardholder's desired goals in terms of frequency of sales, so I'm wondering about enrolling with both companies at once.
I've got an 8 yr old Chase card with 14K limit (could probably get this bumped pretty easy). I know Chase is iffy, but in reality I don't particularly care if something were to happen. Do you think it's worth me throwing this up there?If you have no other Chase accounts to lose I suppose. I'm not sure if anyone has stated whether you are also blacklisted from future applications. That would suck if you play the rewards game.
At the risk of asking a dumb question, can I try to enroll with all my supported cards in both the Old and New Companies at the same time (in order to increase chances of obtaining sales), or would that not work? I realize that you'd have to be careful about exceeding AU limits in the case of sales on the same card by both companies. But it seems like some people/cards are not reaching the cardholder's desired goals in terms of frequency of sales, so I'm wondering about enrolling with both companies at once.While it could be possible in theory to allow each company to sell only 1 slot (for a max of 2 at any one time), at least the contract you agree to with the new company specifies that you will only deal with them. I did suspend my cards with the new company while I transitioned elsewhere so there was the potential of overlap.
Credit Card Cash Flow (aka Grand Teton Professionals)
At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumers’ credit. The company and other defendants are charged with violating the FTC Act and several provisions of the Credit Repair Organizations Act, the Telemarketing Sales Rule, the Consumer Review Fairness Act, the Truth in Lending Act, and the Electronic Funds Transfer Act.
...
The FTC charges that the defendants, using such trade names as Deletion Experts, Inquiry Busters, and Top Tradelines, used deceptive websites, unsolicited emails, and text messages to target consumers with false promises of substantially improving consumers’ credit scores by claiming to remove all negative items and hard inquiries from consumers’ credit reports. The defendants also falsely claimed to substantially improve consumers’ credit scores by promising to add consumers as “authorized users” to other individuals’ credit accounts, a practice known as adding “tradelines” or “piggybacking” credit. In most instances, however, the defendants were not able to substantially improve consumers’ credit scores.
The complaint also alleges that the defendants charged illegal upfront fees and failed to provide consumers with required disclosures about their credit repair services. The defendants also advised consumers to mislead credit bureaus by filing false identity theft affidavits and to mislead lenders by claiming to be authorized users on other individuals’ credit accounts, according to the FTC.
I've had 3 credit cards from 2 companies shut down in the past month. US Bank closed my account (and REI branded card). Then a couple weeks later Capital One "restricted" my 2 cards with them, only one of which I was selling tradelines on.
Such is life with the US Bank card. But with Capital One they are restricting my brand new Venture card that still has 56,000 points on it from my sign up bonus. They say to remove the restriction I need to provide them with copies of the driver's license and SS card of every AU I ever added. I'm assuming this is not possible but asked the old company anyway; haven't heard back.
I'm also guessing there isn't anything I can do about this so the accounts will get closed.
I only had two other eligible cards; a Chase and a Citi card. I've stopped new sales on them for now. I may continue with Citi but I have several cards and checking with Chase so don't want to those to get shut down.
If I continue this in the future I will make sure to collect all bonuses and rewards as quickly as possible so they don't get lost if/when my accounts get closed.
I've had 3 credit cards from 2 companies shut down in the past month. US Bank closed my account (and REI branded card). Then a couple weeks later Capital One "restricted" my 2 cards with them, only one of which I was selling tradelines on.
I sold 9 TL on my Capital One card plus I added my brother so 10 AU. For the REI branded US Bank card I had 12 AU. These were all with the old company. Had at most 2 at once and left them on for 2 months.Just added the 12th to my USB last week.
Sorry if I have missed this question but I didnt want to dif through tons of pages to come up with no answer. Is there a limit for the new company on how old the card can be? For instance I just signed up with discover and Citi cash back cards but obviously dont have the 2 year age limit.
Hey, I'm new here, but have been selling tradelines for about a year. Can someone tell me who the new and old company is referenced in this forum? I'm looking to find the highest payers. Thanks!
I'm looking for recommendations for a new credit card that offers good/frequent balance transfer deals but can eventually be used for selling tradelines after the account ages. Although I can find info on which cards offer initial balance transfer deals at opening, its hard to know after the initial period whether the card will regularly offer 0% balance transfers with a low fee and decent length. So far my Discover is my best balance transfer card, but they're also my highest credit limit so I'd rather move my balances elsewhere and use it for tradeline income instead. I already have cards from BofA, Chase, Amazon/Chase, Discover, Citi, Sears/Citi, CapOne, and Amex.
In the several months since I've been selling tradelines on just two cards, I've been paying down debt almost twice as fast. I'm really thankful for the information I've gotten from this forum, as it's making a huge difference to my financial situation, in spite of my being challenged by a lackluster income.
Barclay is also the gold standard for tradelines as you can add up to 6 AU at a time and they have zero track record of shutting down cards.
FWIW, I only do 2 AU's per card with Barclays. Never had an issue.
Pigs get fed, hogs get slaughtered :)
FWIW, I only do 2 AU's per card with Barclays. Never had an issue.
Pigs get fed, hogs get slaughtered :)
Thanks.
I always go with the company's recommendations. They recommended 5 slots with Barclays. (This particular card is with Old Company.)
Agree with you on pigs/hogs. Trying to be a pig. :-)
FWIW, I only do 2 AU's per card with Barclays. Never had an issue.
Pigs get fed, hogs get slaughtered :)
Thanks.
I always go with the company's recommendations. They recommended 5 slots with Barclays. (This particular card is with Old Company.)
Agree with you on pigs/hogs. Trying to be a pig. :-)
Interesting..... I have one Barclays card with the old company and it's shown as 2 slots. Mine is a "new/low limit" card from their program last year for $25 and 2 months. They fill 2 slots every cycle.
If I had a card get cancelled for fraud (mine), do I need to do anything with the tradeline company for the new card?No, it should keep the same limits, history, etc., you'll just be reissued a new card. You'll still add AUs the same way, shouldn't affect anything with tradeline sales.
Is there a way to recover information in the portal for the "new company"? I accidentally closed my task before I fully added the user to my card. I need to input their address. I suppose I'll have to wait until tomorrow to get a response back from the company but wondering if there was any other way.
Thanks.
I’m with Old Company and I’ve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.
Looking for clarification or if I’m just reading the chart wrong?
I’m with Old Company and I’ve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.
Looking for clarification or if I’m just reading the chart wrong?
I did, and they told me “it’s $75”. This doesn’t seem right. :-/I’m with Old Company and I’ve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.
Looking for clarification or if I’m just reading the chart wrong?
It appears it should be $125. I would email the old company about it.
Ah, okay. It is a Citi card. Thanks for the clarification!I’m with Old Company and I’ve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.
Looking for clarification or if I’m just reading the chart wrong?
Old Company has two sets of banks with different length cycles and therefore different payouts. If your $11k card is with Barclay, Citibank, Discover, PNC, or US Bank, it's $75 and a 2 month cycle. If it's with Bank of America, Capital One, or USAA, it's $125 and a 3 month cycle.
(Note: this info is copied off the document they sent me in April 2018, so it might be out of date.)
Ah, okay. It is a Citi card. Thanks for the clarification!I’m with Old Company and I’ve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.
Looking for clarification or if I’m just reading the chart wrong?
Old Company has two sets of banks with different length cycles and therefore different payouts. If your $11k card is with Barclay, Citibank, Discover, PNC, or US Bank, it's $75 and a 2 month cycle. If it's with Bank of America, Capital One, or USAA, it's $125 and a 3 month cycle.
(Note: this info is copied off the document they sent me in April 2018, so it might be out of date.)
Ah, okay. It is a Citi card. Thanks for the clarification!I’m with Old Company and I’ve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.
Looking for clarification or if I’m just reading the chart wrong?
Old Company has two sets of banks with different length cycles and therefore different payouts. If your $11k card is with Barclay, Citibank, Discover, PNC, or US Bank, it's $75 and a 2 month cycle. If it's with Bank of America, Capital One, or USAA, it's $125 and a 3 month cycle.
(Note: this info is copied off the document they sent me in April 2018, so it might be out of date.)
I have a document from Old Company dated 3/5/19 which says that a card like that should be $75 for a 2 month cycle but it would be for cards that are 5+ years old. You getting it on a 3 year card is a bit of a puzzle.
I have seen similar instances where the numbers they provide don't 100% match what their documentation says. I suspect this is either just simple employee error or their payout schedule changes frequently, or both.
Is there a way to recover information in the portal for the "new company"? I accidentally closed my task before I fully added the user to my card. I need to input their address.Unless they have changed their site since I last used it, if you hover the mouse over the AU's DOB it shows their address.
Has anyone started a solo 401k with this 1099 income?
Has anyone started a solo 401k with this 1099 income?
I already had one prior to this, but I contribute income from this to it.
There's a good thread about setting up a solo 401k for mega backdoor roth at https://forum.mrmoneymustache.com/taxes/anyone-execute-a-mega-backdoor-roth-in-solo-401k/
Has anyone started a solo 401k with this 1099 income?
I already had one prior to this, but I contribute income from this to it.
There's a good thread about setting up a solo 401k for mega backdoor roth at https://forum.mrmoneymustache.com/taxes/anyone-execute-a-mega-backdoor-roth-in-solo-401k/
As far as I know it's fine to use either for a sole proprietorship, but I am not a tax professional.
When I get paid, it only references my name and not my business name because I only have them my social... Do you think I should change this to them cutting checks to my EIN business name instead, or does it matter? It's sole proprietorship.
Does anyone know if I need to change my 1099 to reference my EIN instead of my social? I'd hate to fund my solo 401k and find out it's not allowed.
Can we make a list of cards that can be used for TL sales and add comments about positives (+) and negatives (-)?
In my experience:
-Barclaycard:
+Easy to add and remove AUs online. An option to just register AUs without issuing cards. Never heard of them shutting down accounts for AU activity.
-There seems to be a hard lifetime limit of 30 something AUs per card.
-Discover:
+An option to add and remove AUs online.
-Random audits and calls about new AUs. Sometimes card get suspended. Sometimes they ask for AU's supporting documents. Reports of card shutdowns.
-Citi:
+The only plus is that they can be used for TL sales.
-Have to call to register an AU and deal with customer service reps (some of them are smarter than others, let's put it this way). Sometimes you get transferred to another department for additional verification. They shut down cards for excessive AU activity and may even blacklist you even for life according to some reports.
BofA:
+Can register AU online.
-They shut down accounts for excessive AU activity.
Comments about other issuers would be highly appreciated.
I've done that call with Discover a couple times. That exact number (even with the different end digit between them calling and the call back number).
They just ask for the AU names. That's all.
Look them up first and have them on hand.
They haven't cancelled my cards.
YMMV of course, but that's what has happened to me twice.
I want to be able to just put my tradeline cards in the sock drawer and go 'auto pilot', but I feel like the reason they have not cancelled is because I actually use them (somewhat).They MUST be used (somewhat) or they won't report. So if you want to auto-pilot then setup something you have to pay monthly (e.g., Netflix) on auto-pay. However, usage has no bearing on whether they get closed or not though if you don't charge anything for a year or two, they will likely close it down. My BoA was going to get closed for inactivity, but then I started doing tradelines on it until they closed it down for that. :P
What are your most popular cards?
How often are you asking for CC limit raises and applying for new cards?
I want to be able to just put my tradeline cards in the sock drawer and go 'auto pilot', but I feel like the reason they have not cancelled is because I actually use them (somewhat).
What are your most popular cards?
How often are you asking for CC limit raises and applying for new cards?
I want to be able to just put my tradeline cards in the sock drawer and go 'auto pilot', but I feel like the reason they have not cancelled is because I actually use them (somewhat).
Both of those can be automated.What are your most popular cards?
How often are you asking for CC limit raises and applying for new cards?
I want to be able to just put my tradeline cards in the sock drawer and go 'auto pilot', but I feel like the reason they have not cancelled is because I actually use them (somewhat).
I set a reminder for myself every 6 months to buy a $5 GC from Amazon on my inactive cards. A bit of a pain, because you then have to remember to pay them off (and they all close at different times), but it beats having them cancel an old card with a high limit.
At the gas pump....put in $2. Next card, put in $2. Next card, put in $2......etc. I always do this on the way home on a nice, sunny day.
I do the refill as ARS mentioned above. I have only tried it with my busiest card, so not sure about multiple cards. However, it would be easy enough to setup an extra amazon account or 7 :)
How often do i need to use my cards (e.g. $2.50 purchase on Amazon) if I am not using them for AUs but would like to keep them from getting closed due to inactivity? If I don't use them for TLs, I don't need the bureaus to regularly post details about these cards. In this case, would one transaction per year per card be enough?
I got a letter from a bill collector for a former AU today.... Not the first time I've gotten mail for an AU but it usually looks like credit card offers or junk. Wonder if I will get an in-person visit next?I wonder if one of your cards reports your address instead of their's to their report? I've never received mail for an AU though I have only been doing this 2 years.
I wonder if one of your cards reports your address instead of their's to their report? I've never received mail for an AU though I have only been doing this 2 years.
I will contact both companies to get their current schedule to update the OP, and post when done.
Editing to add: I suppose there is a limit to how much credit you can open across all cards? I have about $150k across six cards. I'm wondering how much more I can get, whether by opening new cards or asking for increases. I suppose the only way to know for sure is to go after it.
Editing to add: I suppose there is a limit to how much credit you can open across all cards? I have about $150k across six cards. I'm wondering how much more I can get, whether by opening new cards or asking for increases. I suppose the only way to know for sure is to go after it.
In my experience, it is a function of your annual income, how many issuers you elect to do business with, and possibly whether you open business cards or not.
I don't know offhand, but I think I have somewhere around 8x reported income across 23 cards across 9 issuers (all the usual suspects).
Wow 8x! Okay then I have some room before I hit the ceiling. Going to apply for a few more cards this week.
What's the deal with using cards for low balance forgiveness? Which cards can be used and for how much and how often?
What's the deal with using cards for low balance forgiveness? Which cards can be used and for how much and how often?
There's a list somewhere. Maybe DoC. Off the top of my head, Wells $1.99, Discover, $1.99, Barclays $0.99, Citi $0.99. There's more but mine are all tied up with tradelines, so I'd have to go back to the list to be sure.
At the risk of seeming like an idiot, could someone please explain what "low balance forgiveness" is, and what the figures in the quote above represent?
At the risk of seeming like an idiot, could someone please explain what "low balance forgiveness" is, and what the figures in the quote above represent?
If you charge a certain amount or less in a billing cycle (with nothing else on the balance- examples given in the quote), the cc company will cancel the debt out, so basically its free money.
They will often do the same if you say, charge $2,000 and pay $1,999.52. They'll forgive the 48 cents that you're short. It generates goodwill for the customer, and as @HBFIRE points out, it costs them more to chase you for it than to just zero it out.
If you want to attempt to get low balance forgiveness on the remainder of a larger purchase, pay down the purchase to a low balance forgiveness level before the statement date after it is charged. For instance, you can charge $2000 the day after your statement, post a payment of $1999 the day before your statement and likely get $1 balance forgiven on the statement. But if you charge $2000 on the day before you statement and post a payment of $1999 on the statement due date the remaining $1 principle plus interest must be below the low balance forgiveness threshold on your next statement (not likely - daily interest on $2000 is more than $0.50/day at 10% interest). If your balance is not below the low balance forgiveness, your entire balance is likely below the minimum payment threshold so the entire balance would be due as a minimum payment and a partial payment would yield a late fee instead of low balance forgiveness.
They will often do the same if you say, charge $2,000 and pay $1,999.52. They'll forgive the 48 cents that you're short. It generates goodwill for the customer, and as @HBFIRE points out, it costs them more to chase you for it than to just zero it out.
I would not recommend doing this. What they technically can and probably will do is then charge you interest on the average balance of the bill you almost paid off and add the next month minimum interest charge since you didn't pay it off.
I would like to know how is this 1099-MISC income reported? On Schedule C? Any ways to shelter it from taxes? SEP IRA/Solo 401k? Any details would be highly appreciated.
Had my Discover card shut down today after a weird call with a rep. Was hoping it was just another fraud call. Easy come, easy go.
I emailed the old company to ask about starting tradeline sales. They answered they’re only accepting cards 5+ years old and $30k+ Credit limits.
I'm still waiting on payment from the new company for orders in January & February. Seems long to me based on other payments. Anyone else not getting paid in a timely fashion?
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I'm still waiting on payment from the new company for orders in January & February. Seems long to me based on other payments. Anyone else not getting paid in a timely fashion?
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It's a constant struggle for me. I usually give it an extra month, then start emailing. Sometimes takes a few tries before I get a response.
I'm still waiting on payment from the new company for orders in January & February. Seems long to me based on other payments. Anyone else not getting paid in a timely fashion?
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It's a constant struggle for me. I usually give it an extra month, then start emailing. Sometimes takes a few tries before I get a response.
This is the reason I don't deal with the "new" company anymore, despite the slightly higher payouts. I moved all my cards to the "old" company 2 years ago. The Old company has never been late, never required extra emails, and never paid out the wrong amount.
I'm still waiting on payment from the new company for orders in January & February. Seems long to me based on other payments. Anyone else not getting paid in a timely fashion?
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It's a constant struggle for me. I usually give it an extra month, then start emailing. Sometimes takes a few tries before I get a response.
Hi all,
Can someone share (or tell me where to find) the names of the companies for this? I've got several older credit cards with high limits and want to get started with this!
Also, how many cards do you recommend applying for at one time?
Any and all info greatly appreciated!
Not the first time I've gotten mail for an AU but it usually looks like credit card offers or junk. Wonder if I will get an in-person visit next?
Not the first time I've gotten mail for an AU but it usually looks like credit card offers or junk. Wonder if I will get an in-person visit next?
FWIW, we use a travelling mailbox service (http://www.fi35.com/retirement-reflections-two-years-jobless-homeless-and-parenting/) as mailing address. We have that address originally for other reasons, but it's proven handy for selling tradelines since no mail comes to us. The services usually only accept mail addressed directly to you, so anything addressed to AU is automatically destroyed, including the AU card (at least this was my understanding).
One caveat, we have never had a problem, but recently I had communication from one credit card company regarding returned mail. I assume this was AU cards sent to mailbox address which were returned to sender instead of destroyed. That triggered a little bit of account double checking, enough that it became easier for me to rest that card than deal with it.
I've used traveling mailbox for the last four years (aug 2015 - aug 2019) as my address on everything (banks, ccs, etc) with no issues.
They do send back mail, so AU cards are returned. Never had an issue with that.
I've used traveling mailbox for the last four years (aug 2015 - aug 2019) as my address on everything (banks, ccs, etc) with no issues.
They do send back mail, so AU cards are returned. Never had an issue with that.
Thanks. I am considering three mail forwarding companies: Traveling Mailbox, Escapees and St Brandan's Isle. Do you know if Traveling Mailbox is less likely to get flagged by banks as a non-residential address? Why did you choose Traveling Mailbox vs its competitors?
Do you put that traveling mailbox address as your home address with the banks? If so, have you ever had problems with the address not being residential? AFAIK many banks have databases of residential vs commercial/mail forwarding addresses. They can flag and even freeze or close accounts registered with mail forwarding addresses.
Discover has requested a callback (via email and mail, the number matches that on the back of my card) to discuss in detail the 2 tradeline I have added. Has anyone else been asked for this, and if so what has been shared?
Discover has requested a callback (via email and mail, the number matches that on the back of my card) to discuss in detail the 2 tradeline I have added. Has anyone else been asked for this, and if so what has been shared?
I don't sell tradelines, but I've followed along here occasionally. I added a cousin to an old high limit account a few years ago to help with her credit score. The card came to my house, as expected.
A couple weeks ago, my mother added me to her Chase Sapphire account. We were renting a car, I was driving, and we wanted the extra insurance.
Instead of sending the card to her house, it came to mine.
If I were selling tradelines, this would make me very nervous. Why would they send the card to me???
Has anyone figured out a work around for the AU limit on Barclay's cards?I tried replacing the card and changing the product... didn't work. What's the limit btw? I think it was about 34 on the card I tried to replace.
I don't sell tradelines, but I've followed along here occasionally. I added a cousin to an old high limit account a few years ago to help with her credit score. The card came to my house, as expected.
A couple weeks ago, my mother added me to her Chase Sapphire account. We were renting a car, I was driving, and we wanted the extra insurance.
Instead of sending the card to her house, it came to mine.
If I were selling tradelines, this would make me very nervous. Why would they send the card to me???
That's really weird, and against their protocol.
I imagine your mom might be able to call and find out why.
In any case, it's not something I worry about in the slightest. In a combined 20ish years between the 2 TL companies, they've never once had an AU make an unauthorized charge on a card they're authorized on.
In 3+ years since I first posted and many many (thousands?) of AU sales for Mustachians, no one has ever reported an issue with an AU making a charge on their CC.
It's just not something I'd worry about at all, personally.
I don't sell tradelines, but I've followed along here occasionally. I added a cousin to an old high limit account a few years ago to help with her credit score. The card came to my house, as expected.
A couple weeks ago, my mother added me to her Chase Sapphire account. We were renting a car, I was driving, and we wanted the extra insurance.
Instead of sending the card to her house, it came to mine.
If I were selling tradelines, this would make me very nervous. Why would they send the card to me???
That's really weird, and against their protocol.
I imagine your mom might be able to call and find out why.
In any case, it's not something I worry about in the slightest. In a combined 20ish years between the 2 TL companies, they've never once had an AU make an unauthorized charge on a card they're authorized on.
In 3+ years since I first posted and many many (thousands?) of AU sales for Mustachians, no one has ever reported an issue with an AU making a charge on their CC.
It's just not something I'd worry about at all, personally.
I trust Chase not to send it to the AU address because in their online "add AU" process they explicitly say which address they'll send it to, and it's always my address, not the AU address.
I've added AUs to multiple cards across multiple issuers and never had one go to the AU address. I did have one CSR once say they were going to ship it to the AU, but I asked her to send it to me instead, and it came to me. I think she was an inexperienced CSR.
There are a couple of issuers, and Chase may be one of them, where if you specifically ask them to send the card to the AU, they will. If it was a family member, that's probably what I would do. It's what I'm guessing @geekette's Mom did in this case.
Discover has requested a callback (via email and mail, the number matches that on the back of my card) to discuss in detail the 2 tradeline I have added. Has anyone else been asked for this, and if so what has been shared?
See this post, and the 3 replies after it: https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2423321/#msg2423321 (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2423321/#msg2423321)
Discover has requested a callback (via email and mail, the number matches that on the back of my card) to discuss in detail the 2 tradeline I have added. Has anyone else been asked for this, and if so what has been shared?
See this post, and the 3 replies after it: https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2423321/#msg2423321 (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2423321/#msg2423321)
Thanks again - just off a LONG call with DC. They wanted to verify the recent AU adds (May and July), confirm the SSN/Addresses, and requested reason behind the add
What reason did you provide?
What reason did you provide?
They are 2 individuals who helped me earn some side money and who may have need to access to my credit card for future purchasing requirements - and if so I will deliver the cards to them directly.
For those of you with multiple Barclay cards, it is true you can't access them all from a single online account? I just got my first 2 from them and that is what the rep said though one is a business version.
For those of you with multiple Barclay cards, it is true you can't access them all from a single online account? I just got my first 2 from them and that is what the rep said though one is a business version.
I can access both of my Barclays cards from a single login, although in my case both are personal cards.
Is anyone having problems adding AUs to their USAA card? I need to add 2 AUs and USAA couldn't do it for me yesterday nor today. They claim it's the system but I'm wondering if it's a subtle "hey chill out with these AUs." The don't know when it will be working again.
Hi,
How often can you apply for a new Barclay card? I applied for one recently and got accepted (for $14K). I applied for another one a few days later and was denied. Thoughts?
Also, do you get any warnings before they shut down a card? I can't find anything written specifically on my agreement that states you cannot have multiple AUs (or that being a reason for them to shut down your card.
Thanks all!
Thanks for the feedback. I already have 2 AUs and they want to add two more (all with the same company) so that must be what's causing the problem. I'm surprised the tradeline company isn't aware of this limitation.
I have only had a single $50 sale in the last year with the new company. Did this completely dry up for anyone else? Will I have more luck if I switch over to the old company?Yeah, old company is seeing more sales (and no payout lag), but their card restrictions are higher (30k minimum limits, 5 years old).
I have only had a single $50 sale in the last year with the new company. Did this completely dry up for anyone else? Will I have more luck if I switch over to the old company?Yeah, old company is seeing more sales (and no payout lag), but their card restrictions are higher (30k minimum limits, 5 years old).
If your cards fit, I tend to recommend people go there. If your cards don't, better to use new company and get occasional sales than a riskier company, IMO, but YMMV.
Why does the new company send rules out about prompt replies but they don't show the same courtesy when it comes to payment? I bet if I would never say anything I would never get paid. I don't think I have got a payment yet without me pestering them. Orders from March and June.
Can a BBVA credit card be used for tradelines with any of the companies?
I have only had a single $50 sale in the last year with the new company. Did this completely dry up for anyone else? Will I have more luck if I switch over to the old company?Yeah, old company is seeing more sales (and no payout lag), but their card restrictions are higher (30k minimum limits, 5 years old).
If your cards fit, I tend to recommend people go there. If your cards don't, better to use new company and get occasional sales than a riskier company, IMO, but YMMV.
I don't have any cards that qualify for that. Did too many mustachians flood the market? Or is there something else going on causing a drought? Or am I just on the unlucky end of the sales spectrum? Or did I get black balled or something? I was late to the game, but I feel like I sold a decent amount in 2018 right up until about august, and since then I had just a single $50 sale on one card in early 2019.
I just got a request to add an AU. Capitol One is asking me for the persons phone number, which the tradeline company didnt supply. Do I just use mine?
I always use my number when I have to give a phone number (as with Capital One).
There's no need for it (it doesn't report to the credit bureaus, so it's not helpful for having the TL report), so I'd rather have my number on there, for security purposes and if they call it, I want to be the one answering.
I'm new here and I know this thread has been going on for 3 years about these two tradeline companies that pay card holders, but has anyone sold directly to buyers? If so, what's been your experience?
I tried to search the thread and can't seem to find the info although I know it's probably in there...
Does anyone know for Barclays what kind of error message you receive when you hit the max lifetime AUs allowed?
It looks like I have had 33 AUs, trying to add #34 and I am getting an error. I sent a message through the message center, they replied saying I have to call. I still have AUs on the card, but don't really want to call and draw attention to the fact I have had so many AUs.
Thanks!
[...]
Something I'm wondering: how on earth do people get such high credit limits?
[...]
I'm curious, does my high student loan balance prevent me from significantly increasing my credit limits?
[...]
Any "flaws" in my plan moving forward? Is there any reason for me to wait until I have higher limits/older accounts? Also, any thoughts/comments on cc limits are welcome. Otherwise, I'll be pm'ing arebelspy later for more info on tradeline companies.
I personally wouldn't sell TL on Chase either. I'm not sure if it has been said that it results in a "blacklist" per se, but they will close ALL Chase CC accounts you have open at the time if they close one for TL. It's unknown (to me at least) if you can ever open another one with Chase.
Having a high income helps. They want to see you have the means to pay them back. It's hard (but not impossible) to get a CL above maybe 1/2 of your income. Ask them how they define household income; maybe you can report a higher income than what you think.
Sometimes there are glitches in the matrix which allow you to get higher limits. These are rare.
Having a high income helps. They want to see you have the means to pay them back. It's hard (but not impossible) to get a CL above maybe 1/2 of your income. Ask them how they define household income; maybe you can report a higher income than what you think.
Sometimes there are glitches in the matrix which allow you to get higher limits. These are rare.
My overall CL is 5 times higher than my income, but somewhere on the forum I've read that someone had CL 8 times more than their income. So, I have ways to go. I report my actual income, haven't tried to impose I make more to get a higher CL. I just keep asking for an increase every 6 months every card I own. Some (BOA) do report to credit companies, so I only ask them once a year. I found out that some companies that notoriously refused to increase my credit limit, eventually gave up (after 3 years of trying) and increased, I guess their policies have changed (my income or debt hasn't changed so much, no.... actually my debt increased, income hasn't changed).
My Barclays is on a fraud hold, I think because I had 3 AU's on at once. Those 3 AU's are due to come off now, so I'm going to call in to ask them to remove the three AU's and take my card off fraud hold.
has anyone here had experience with Citi cards and whether or not you have to call in the SSN?
It was not required in order to add the AU (actually there was no way to add it online, in fact), but the instructions from the tradeline company say to make sure to add the SSN.
The Citi chat rep says I'd have to call the fraud department to add the SSN, and that seems like it would arouse suspicion.
Citi does require a call in and they connected me to the fraud department many times for adding the SSN and sending the card out with no problems.
That same card did just cancel my account though (after a couple years of doing tradelines).
"Your account has been closed because you recently added and/or deleted an excessive number of authorized users on one or more of your Citi accounts."
Oh well, good while it lasted and not an account I particularly needed (though it was pretty old). I didn't read through the whole thread, but has anyone ever called in and fought the closure with success?
has anyone here had experience with Citi cards and whether or not you have to call in the SSN?
It was not required in order to add the AU (actually there was no way to add it online, in fact), but the instructions from the tradeline company say to make sure to add the SSN.
The Citi chat rep says I'd have to call the fraud department to add the SSN, and that seems like it would arouse suspicion.
Sorry to hear about the closure. Out of curiousity, how many AUs did you add and over what period of time?
If I do a product change from Capital One Savor ($95 AF) to the SavorOne ($0 AF) card, would that change cause a reset in the length of credit for that particular card? Does the answer depend on if a new card number is issued or not?
Sorry to hear about the closure. Out of curiousity, how many AUs did you add and over what period of time?
I always had 2 or less except for a couple times when I carried 3. One thing I can think of that might have flagged me is that I added someone, and then the company emailed me to say that the person cancelled their order and I needed to take them off. I still got paid, but I added and deleted someone within a couple days. That was the last person I added before the closure.
I haven't asked for a credit line increase anywhere for probably 3 years....and even then, it was on exactly one card. Asked on 3 and got them. +$4k-$5k on each. 2 of them were my most used cards, so show up at the top of my credit karma listing by usage. The other was in my tradeline regular usage, so looking to potentially jump up a class. Asked in a 4th this morning, for another tradeline used card.Asking for a soft pull increase never hurts. As long as you're asking for increases from one issuer, you might as well ask for an increase from every issuer. If you have multiple cards with the same issuer, you might want to select only one of the cards to ask for an increase on.
Does anyone know if paying off balances on credit cards before calling for credit line increase helps in getting it? I mean paying off balances on other cards, not the one you are asking for increase on.
Does anyone know if paying off balances on credit cards before calling for credit line increase helps in getting it? I mean paying off balances on other cards, not the one you are asking for increase on.
I had that happen to me where the user canceled their order, I just left them on until I got another order. That said, I'm about to put my Citi cards on full rest - it has really become such a pain to add a user with them! I get transferred to the fraud department probably 75% of the time. This last time I spent 10 minutes on hold before they tried another department who basically just said, "yup, they're on there, have a good day". I'm really trying to expand my Barclay position as they are super easy to add/remove and have never once given me any crap about a user. Plus you can have more users than with other cards.
I contacted the new company to enroll a 1-year old card but was told they want at least two cards if they're only a year old. For just a single card it would need to be 2+ years old. Very quick response to my emails, so that was nice.
What cards does everyone recommend to get and sit on for future tradelines? I'm sick of the churning game and not looking to get the sweetest sign up bonuses, or deal with cards with annual fees. I just want a fee free card with a small to modest sign up bonus that I can get and hold onto for future use. Or maybe 2, or as many as they will let me get so I have a good arsenal in a couple of years.
Can business credit cards be used for tradelines?No, they don't report to the credit bureaus.
From reading the posts it seems that it's rare to get adds to the cards with the new company. How often do you guys get adds? I see that some people don't get any for a year or so? I'm wondering if it's easier with the old company.
I have a question for the experienced tradeliners, do you get away with adding online without calling in? Or do you add online then call or secure message the social?
I currently call in every AU. I used to add online discover and Capitol one but Discover asked me for paperwork for one user ( it was posted in time but what a pain for them) and Cap one restricrted my card for months until I faxed them my social security card and my drivers license for proof of who I was). NOW able to use again for tradelines and I heard I can use the mobile app to add and delete them.
What is your experience adding AU online?
I just got a few sales for the first time, all through the "new company". All AU's added by phone. First 2 were for Barclays, added w/o a problem. Just b/c I'm a little paranoid, when I supplied the AU's addresses, I made sure to tell the CSR that I didn't want the cards sent to the AU addresses, but instead to me. She assured me they never send them to the AU (maybe she remarked that they only do so if the card owner requests it specifically, I can't remember). Point is, they don't automatically send them to the AU. They did request addresses for each of the 2 AU's however, which I supplied. So far, so good.How long have you been with them before you got sales?
When I got notified of an add for an AU through Discover a few days ago, I tried to add it online. It kept rejecting the add by saying the AU had an invalid address. When I went to the boilerplate stuff from the "new company's" email, I saw buried in there a line saying that Discover has a glitch in their online add system, so if the AU is rejected online for reason of an invalid address, you need to call it in. So I called it in. At the time, I assumed that the AU's address would be needed in order for it to report to the correct person. When the CSR asked me for my address, I said "do you mean the AU address?" She said, "well wherever you want the card to go" (or something to that effect). I was a little taken aback by that, because I guess my takeaway from this thread was that it wasn't SOP for the CC companies to mail the cards to anyone but the cardholder. Just to be sure, I said to the CSR "You mean if I give you the AU address, you send the CC to them" and she said "Yes, that's where we'd send it". Remember here, my original assumption was that I needed to supply the AU address for correct reporting. The CSR never asked me for the AU address after I gave her my address, though. Still and all, the online Discover add form did have a requirement for the AU address, which is what ended up sending me to the phone to do the add in the first place. It all felt a little like a brush with something risky.
Has anyone had a similar experience adding an AU on Discover? Am I the only one who inadvertently came thisclose to having the CC sent to the AU?
I just got a few sales for the first time, all through the "new company". All AU's added by phone. First 2 were for Barclays, added w/o a problem. Just b/c I'm a little paranoid, when I supplied the AU's addresses, I made sure to tell the CSR that I didn't want the cards sent to the AU addresses, but instead to me. She assured me they never send them to the AU (maybe she remarked that they only do so if the card owner requests it specifically, I can't remember). Point is, they don't automatically send them to the AU. They did request addresses for each of the 2 AU's however, which I supplied. So far, so good.
When I got notified of an add for an AU through Discover a few days ago, I tried to add it online. It kept rejecting the add by saying the AU had an invalid address. When I went to the boilerplate stuff from the "new company's" email, I saw buried in there a line saying that Discover has a glitch in their online add system, so if the AU is rejected online for reason of an invalid address, you need to call it in. So I called it in. At the time, I assumed that the AU's address would be needed in order for it to report to the correct person. When the CSR asked me for my address, I said "do you mean the AU address?" She said, "well wherever you want the card to go" (or something to that effect). I was a little taken aback by that, because I guess my takeaway from this thread was that it wasn't SOP for the CC companies to mail the cards to anyone but the cardholder. Just to be sure, I said to the CSR "You mean if I give you the AU address, you send the CC to them" and she said "Yes, that's where we'd send it". Remember here, my original assumption was that I needed to supply the AU address for correct reporting. The CSR never asked me for the AU address after I gave her my address, though. Still and all, the online Discover add form did have a requirement for the AU address, which is what ended up sending me to the phone to do the add in the first place. It all felt a little like a brush with something risky.
Has anyone had a similar experience adding an AU on Discover? Am I the only one who inadvertently came thisclose to having the CC sent to the AU?
[
How long have you been with them before you got sales?
Hey guys, I have tried to read some of the old pages, but it may be faster to ask you guys.I'm out of town this weekend traveling without a laptop, but I'll PM you a breakdown early this week.
Would you guys recommend the old or the new company for consistency of tradelines? If there is a glut for either of them?
I have 3 cards, all 3-4 years old. One (Discover) 19k limit, two (Chase) 22k limit. Any considerations I should make?
Hey guys, I have tried to read some of the old pages, but it may be faster to ask you guys.
Would you guys recommend the old or the new company for consistency of tradelines? If there is a glut for either of them?
I have 3 cards, all 3-4 years old. One (Discover) 19k limit, two (Chase) 22k limit. Any considerations I should make?
I am prepared to lose those cards. They both are pretty replaceable. I'm surprised you feel that - is it not a matter of simply limiting the AU adds to a certain frequency or number?
I am prepared to lose those cards. They both are pretty replaceable. I'm surprised you feel that - is it not a matter of simply limiting the AU adds to a certain frequency or number?
I am prepared to lose those cards. They both are pretty replaceable. I'm surprised you feel that - is it not a matter of simply limiting the AU adds to a certain frequency or number?
I am prepared to lose those cards. They both are pretty replaceable. I'm surprised you feel that - is it not a matter of simply limiting the AU adds to a certain frequency or number?
The problem with Chase is that if they decide to shut you down, the belief is they'll close all your accounts: all your credit cards, plus, any checking or savings accounts, and bar you from ever opening one again afterward.
Not everyone is willing to permanently burn a major national bank for the rest of their lives, not knowing what the future may hold. Chase fronts a lot of credit cards that they may want to open in the future, or may be the biggest bank in their hometown, or they may have or expect to have a financial relationship with them someday.
I'd say go full out on Discover if you are going to use it.
A question about barclaycard. In these two scenarios, what happens to existing tradelines that haven't yet posted? Do they still stay on the account and get reported to the bureaus?
1) Card is reported as lost
2) You product change this card to another card.
A question about barclaycard. In these two scenarios, what happens to existing tradelines that haven't yet posted? Do they still stay on the account and get reported to the bureaus?
1) Card is reported as lost
2) You product change this card to another card.
I'm not specifically sure about Barclays in those scenarios. But, in the case of a lost card, I'm pretty sure that replacement cards for you and the AU would be sent to your address. I think I hit that scenario once.
In the case of a product change, normally the line stays reporting to the credit bureaus with the same card history and card age. However, I would be a little concerned that a product change could reset the card age, so I probably wouldn't do it with a piggybacking card even if it's probably OK. If you did product change, I would expect new cards for you and the AU to be sent to your address. If the card age does reset, then you run the risk of hurting, not helping, the AU's credit score by lowering their average age, which is bad for everyone.
In both cases, the AU would still stay on the account and the account should still be reported to the bureaus.
A question about barclaycard. In these two scenarios, what happens to existing tradelines that haven't yet posted? Do they still stay on the account and get reported to the bureaus?
1) Card is reported as lost
2) You product change this card to another card.
I'm not specifically sure about Barclays in those scenarios. But, in the case of a lost card, I'm pretty sure that replacement cards for you and the AU would be sent to your address. I think I hit that scenario once.
In the case of a product change, normally the line stays reporting to the credit bureaus with the same card history and card age. However, I would be a little concerned that a product change could reset the card age, so I probably wouldn't do it with a piggybacking card even if it's probably OK. If you did product change, I would expect new cards for you and the AU to be sent to your address. If the card age does reset, then you run the risk of hurting, not helping, the AU's credit score by lowering their average age, which is bad for everyone.
In both cases, the AU would still stay on the account and the account should still be reported to the bureaus.
Thank you Secondcor, the reason I'm asking I think I have hit a tradeline limit on my Barclaycard so I can't add any more tradelines to it. I'd like to try changing the product and see if it resets the tradeline limit which I think is about 35 AUs. As far as I know, reporting the card lost won't change the tradeline limit but a product change might. If anybody has any recent experience with product change please let me know.
Settlement was a check.
The terms bar me from sharing the amount, but I was very pleased with the what we received.
Yes, @PointsLawyer represented me.
We began the process last October, and I signed the agreement last month.
I fully endorse @PointsLawyer
He was excellent throughout the process
Settlement was a check.
The terms bar me from sharing the amount, but I was very pleased with the what we received.
Yes, @PointsLawyer represented me.
We began the process last October, and I signed the agreement last month.
I fully endorse @PointsLawyer
He was excellent throughout the process
Can also reccomend and vouch for PointsLawyer.
Worked with him on closed Discover card. Easy from my side of the equation
You don't need to worry about the old company.
How long does it take to get adds?
Thanks. Maybe I should have enrolled newer cards with the old company and older cards with the new company. I did the opposite and have not had any adds yet.How long does it take to get adds?
100% YMMV. Depends on what cards you have with them and the demand they have. The old company seems to have steady demand for low limit, newer cards (cheap for AU to buy). Mine get filled every 2 month period. I get maybe 4 total with the new company per year. Higher limit, older cards, even with a request to pay at next notch down in order to move card sales along. So you could have a sale right before your next closing date or it could be next July.
Right now I'd add everything eligible with old company, and anything they don't take I'd add to New Company.Is possible to have the new company remove all my cards so I can enroll them with the old company? Or can I have the cards enrolled with both and as soon as one of the companies sell the spot can remove it from the other company then?
Is possible to have the new company remove all my cards so I can enroll them with the old company?
Or can I have the cards enrolled with both and as soon as one of the companies sell the spot can remove it from the other company then?
Thanks, I just did thatIs possible to have the new company remove all my cards so I can enroll them with the old company?
Yep. Just email them and ask them to put the cards on hold.
You don't need to worry about the old company.
+1. Or the new company.
I just got setup with the old company on a newer card. They sent me the paperwork last month but I was in the middle of moving and didn't get to it until this weekend. I've got my first card ready to go so excited to see if I can sell a slot by the end of the month. If my statement close date is the 27th that means I'll probably get requests to add towards the end of the month?
What do you guys say if a customer service rep asks why you are adding someone as an authorized user?
What do you guys say if a customer service rep asks why you are adding someone as an authorized user?
What do you guys say if a customer service rep asks why you are adding someone as an authorized user?
What do you guys say if a customer service rep asks why you are adding someone as an authorized user?
OH - I have been activating each card and then making a small purchase on the activated card!
Is this NOT required then?
OH - I have been activating each card and then making a small purchase on the activated card!
Is this NOT required then?
OH - I have been activating each card and then making a small purchase on the activated card!
Is this NOT required then?
Another thought...
I make the small charge, but I also always pay off the balance in full every 2 weeks. Is this kosher, or should I allow the balance to float a month?
Hey all! For anyone adding AU’s to USSA accounts, have any of your accounts been closed?
Hey all! For anyone adding AU’s to USSA accounts, have any of your accounts been closed?
No, but they spoke with me once after I had added a number of AUs and guilted me into stopping on that card.
USAA seems to trigger on having 3 AUs on at any given time. Also, one of the companies has advice about deleting the AU's customer profiles as you go along. I never bothered doing this, and suspect it was part of what led to my lecture from them. I still have like 13 acquaintances associated with my profile, which is obviously a lot from their perspective.
So if I were to give advice, it would be to never do more than 2 at a time at USAA, and delete/disassociate their profiles as you go along, as the TL companies recommend.
just received a voicemail with something akin to:
Hello, this is agent 'bob smith' with westlake location services attempting to contact 'tradeline named individual'
It is critical that 'tradeline named individual' returns this call or we will move ahead with proceedings as referenced in the certified mail shown as delivered on data 'x'
We may be reached 24 hours at phone number xxx
Thoughts folks? I added this tradeline individual on 8/19
......
First, they shouldn't have your phone number associated with the AU, so you did something wrong there.
1 - I've never given phone number out in this process
2 - Already did :)
3 - 100% agreed
just received a voicemail with something akin to:Sounds like a collections agency call call. If they are persistent in calling you about a former AU, you can tell them that you are no longer in contact with the person. I've gotten collection calls for people I actually know, but usually they just leave off after one message. They're trying to use any avenue to contact the person, but they also don't want to waste their time. The only persistent collections calls I've gotten were for my late father. Those generally gave up after I explained that the estate was insolvent and very unlikely to pay anything to any creditor.
Hello, this is agent 'bob smith' with westlake location services attempting to contact 'tradeline named individual'
It is critical that 'tradeline named individual' returns this call or we will move ahead with proceedings as referenced in the certified mail shown as delivered on data 'x'
We may be reached 24 hours at phone number xxx
Thoughts folks? I added this tradeline individual on 8/19
Settlement was a check.Can also reccomend and vouch for PointsLawyer.
The terms bar me from sharing the amount, but I was very pleased with the what we received.
Yes, @PointsLawyer represented me.
We began the process last October, and I signed the agreement last month.
I fully endorse @PointsLawyer
He was excellent throughout the process
Worked with him on closed Discover card. Easy from my side of the equation
Yes I concur. I got a settlement too. I think I got the taxation figured out for it which PointsLawyer helped with.
Ditto. I've sold many lines on Discover in the last three years with no issues.
While there's a risk a card gets shut down at any time, I would still follow best practices to hope it lasts as long as possible.I'd say go full out on Discover if you are going to use it.
So this seems like bad advice, to me. Valid based on the sample size of 1 for DC, but when you look at all the users selling lines on Discover (or any issuer, for that matter), versus the few that have been shut down, it seems worth it to limit the AUs, keep your head down, and cross your fingers. Tends to work out more often than not.
(Also if we all keep pretending this is a real thing, maybe we can get DC to try again and lose more cards! Good work, team.)
Settlement was a check.Can also reccomend and vouch for PointsLawyer.
The terms bar me from sharing the amount, but I was very pleased with the what we received.
Yes, @PointsLawyer represented me.
We began the process last October, and I signed the agreement last month.
I fully endorse @PointsLawyer
He was excellent throughout the process
Worked with him on closed Discover card. Easy from my side of the equation
Yes I concur. I got a settlement too. I think I got the taxation figured out for it which PointsLawyer helped with.
I hate to give up money for work I could do myself, but at this point I’m obviously too lazy to file anything solo. Did he me mention what the statute of limitations is on these claims?
First post here...
I started selling tradelines with another non-MMM endorsed company (not the OLD or the NEW) company discussed here in February 2019. I got orders pretty much every month that I marketed, mostly every other month 1-2 users. I sold a 31k 14 year Citi, 30k 2 year Discover, and 15 year 10k Capital One. Made a pretty good amount. Started marketing with the NEW company in maybe April/May. I've had 2 orders total so far. One on Discover and one on Capital one. Payment on the Discover took about 4 months with multiple emails. Super frustrating. Capital one user is still added and no payment yet.
Got a call from the Capital One fraud department this week and my card is restricted. Asking for copies of the social security card and drivers license of ALL AUs I've ever added, which is 8 in total (including 6 from other company, 1 from NEW company, and my husband, who was added over a decade ago). Contacted other company and they were semi-helpful, I got most of the SS cards and DLs from 2 AUs added this month. Erica from NEW company basically said...in so many words...they are shutting down your card we're not helping you and no we don't get ID from our customers.
I'm...peeved. I thought that this new company would at least TRY to support us in case of an audit/restriction. Clearly they know capital one does this, so why not require the DL and SS card if you order a tradeline? Makes sense to me.
Anyway, right now my plan is to stall with capital one as long as possible, it's my oldest credit line and I'll be bummed if it closes. I'm uncertain if I should send all the documents I have in terms of DL and SS cards for AUs to capital one or just ignore them. Or just call them every 2 weeks and say I'm still working or getting the documents for the foreseeable future and hope they give up? I seem to remember reading here that people had restricted cards for like 6 months or more and when they called they got the restriction removed easily.
Has anyone here successfully gotten and capital one restriction removed and kept your card open? Or am I doomed regardless and I should just ignore CO until I get the cancellation notice?
Had the exact same thing happen to my Capital One card a couple of years ago. They put a restriction on it and asked for all of that documentation, Erica said "they are closing your account, sorry but there's nothing we can do about it", etc. etc. I decided to just ignore Capital One's requests and they never did close my account - although it was restricted and I was unable to use it. A year or so later, I thought what the hell, let's see if we can get that removed. Called Capital One and after a five minute phone call, was told the account should have never been restricted and was offered an apology! They removed the restriction and I've been using the card periodically ever since.
The tradeline company should definitely get them up front when they purchase the lines to protect cardholders.
Interesting. I can't decide if I should do the same as you and ignore them or go ahead and send the documents I do have and hope it's enough. I only for sure have 3 of 8 users with both DL and SS card. Not sure if sending some would be worse than sending nothing. Might get more, waiting on tradeline company. Although if I was an AU that purchased a tradeline and the company contacted me 6 months later asking for a copy of my drivers license I would think they were crazy. The tradeline company should definitely get them up front when they purchase the lines to protect cardholders.
Maybe. Since only a small percentage of added AU's have problems, getting documents upfront on 100% of the customers to address problems with the 5% (?) may not be very efficient. Also, asking customers for that kind of stuff may result in lost sales. Finally, keeping that kind of information is a security / id theft nightmare waiting to happen for the TL companies.
I'd like it if they did, but I can certainly understand if/why they don't.
Maybe. Since only a small percentage of added AU's have problems, getting documents upfront on 100% of the customers to address problems with the 5% (?) may not be very efficient. Also, asking customers for that kind of stuff may result in lost sales. Finally, keeping that kind of information is a security / id theft nightmare waiting to happen for the TL companies.
I'd like it if they did, but I can certainly understand if/why they don't.
I mean they clearly already have all that information. It being in image/picture form instead of in an excel spreadsheet hardly seems worse or less secure. I get an excel spreadsheet with my authorized users name, address, dob, ssn, mothers maiden name, the whole nine. And I think the numbers of people selling tradelines having problems with restrictions/shut-downs is MUCH higher than 5%. Most likely over 50%, maybe approaching 80%. I have absolutely no data for this, I just think if you do it enough it's just part of the game. I knew it was a risk when I started, I guess I just wasn't expecting it so early with so few adds. 7 users plus my husband for a 15 year card doesn't seem that "excessive" to me.
Is there a reason that we don't or can't name companies here? Can we hear from ppl who have used other companies and their experiences? I've found two other companies online called Tradeline Supply Company and Boost My Score (not OLD or NEW that are referenced on this thread) and was wondering if anyone had any dealings with them.
I got an add today without a SSN
mail says no SSN or BD needed
this is a first
I asked rep E. of new company about it and she said that's fine and they have a way to "force" the line posting
Anyone have any insight on this.
I am curious what additional measures they take to make the line post
didn't want to ask company though
Denise NJ -- I had good experience with TLS they did ask for my Credit Karma password though and I gave it, and changed my password afterwards.That's true. If you're not uncomfortable sharing all of the CK information with a company, there's not much risk in sharing a password and changing it once they gather the information they need. Even if you use the same password on other sites (definitely not recommended), you could change it to something unique temporarily to share with the company then change it back immediately after they've verified the information they wanted from CK.
Denise NJ -- I had good experience with TLS they did ask for my Credit Karma password though and I gave it, and changed my password afterwards. they also sent 1099. I did get shut down on BOA but I added like 4 users. I dont use them anymore, they did give me alot of business though.
Another good card is TD bank, They tolerate a lot of users without any trouble. i have 7-9 on mine.
Denise NJ -- I had good experience with TLS they did ask for my Credit Karma password though and I gave it, and changed my password afterwards.That's true. If you're not uncomfortable sharing all of the CK information with a company, there's not much risk in sharing a password and changing it once they gather the information they need. Even if you use the same password on other sites (definitely not recommended), you could change it to something unique temporarily to share with the company then change it back immediately after they've verified the information they wanted from CK.
That's a weird one. I haven't had that.
Personally I would:
- Confirm with them that they verified the identity and that they are an American citizen (usually asked by the CC issuer)
- I'd request that you get paid regardless of if the AU post or not, if they're going to use a way that doesn't include SSN, and thus might have a higher chance of not posting.
My understanding is you always say yes because they're always a citizen--they only take US citizens. New immigrants are prime candidates to be helped by this, but it would be new citizens who have no credit.pming you
If she said something that seems to counteract this, please PM me details.
I'm wondering if I should go to the old company? Would that make a difference? I have a Cap1 card with $13k limit, 12 years old.
I'd love to know, for anyone willing to share, an approximate figure of what your 2019 income was. It doesn't have to be detailed, like how many cards and or how many sales, but in general, I'd like to know if this is a 20-40k/yr side gig or a 2-4k/yr side gig. I have some valuable cards and could start applying for new cards to season them, but I'm only really interested if this really is a 20k-ish side gig.
I'm wondering if I should go to the old company? Would that make a difference? I have a Cap1 card with $13k limit, 12 years old.
It's hard to tell. I'm sure everyone wants sales, and those who aren't getting sales may decide to switch from old to new or vice versa. Switching might help or hurt, and I don't know of any way to figure out which company has more of an excess supply. I suspect, but don't know, that they both have quite a supply right now due to this thread.
It does seem that they just present the cards to customers and the customers pick based on their own preferences. I suspect, but don't know, that the companies might only (or might preferentially) present cards that have upcoming closing dates in order to maximize throughput and sales. That's what I'd try, anyways. All the customer probably knows is the issuer, credit line, and price to buy a slot, plus maybe how many cycles they'll get as an AU. I have no idea how they sort them to the customer - maybe the customer can sort by age, credit limit, or price. I don't believe that they guide customers to any particular person's card.
So if you enroll with either company, you're hoping that your card stands out in the crowd. 12 years is an old card, but $13K is a relatively low limit in terms of piggybacking. It's hard to predict how it would sell given that those two factors might cancel each other out a bit.
And the companies aren't going to go through anything special to market your cards versus mine or anyone else's. One of the companies did do a thing once where they would let you decide to lower your commission (which they probably then discounted to the end AU) so you might get more sales at a lower rate. I never did that and don't know if that's currently a thing, but you could inquire if that interested you.
I have one card that seems to be quite popular relative to the others, and I really don't know why. I have another card which I thought would be more popular but it rarely gets sales. I don't get it.
If you use a card for selling tradelines (Barclaycard in my case), when is it safe to lower its credit limit so that existing AUs are not affected?
For example. Let's say my statement date is Jan 1. I added an AU on Dec 30 and it has already posted. The tradeline company requires that I keep the AU for about two months, so until end of February. Can I lower my credit limit on this card after January 1? February 1? March 1?
I'd love to know, for anyone willing to share, an approximate figure of what your 2019 income was. It doesn't have to be detailed, like how many cards and or how many sales, but in general, I'd like to know if this is a 20-40k/yr side gig or a 2-4k/yr side gig. I have some valuable cards and could start applying for new cards to season them, but I'm only really interested if this really is a 20k-ish side gig.
Curious to get the experiences of others who have had their cards shut down. Between my wife and I we had about 10 cards (Barclays, Chase, Discover, and Capital One) and made $12,350 last year. Unfortunately, in September Chase shut down all of my Chase cards and my wife's. We tried again and again to get someone to tell us what, if anything, we could do to get the cards activated again, but it was like talking to a wall. Now on New Years day we had all our Capital One cards shut down. They wanted a copy of the front and back of each AUs driver's license and SS card. Obviously we don't have that. I just issue this as a warning for others that just see the easy money. It was literally a $1,000/hr side hustle while it worked. However, we didn't just lose the credit cards we had with the tradeline company, all our cards with a particular vendor (Capital One and Chase) in this case were shut down whether we used them for tradelines or not. Give this some serious thought before you add cards or have other cards with a vendor that you can't afford to lose because of their age or credit limit. Our credit score took a huge hit. To be clear, we didn't get greedy and only added 2 AUs to a card at a time and followed all other guidelines from the tradeline company.
All this to say, I have two questions for those who have experienced something similar:
1. Has anyone had any luck convincing the credit card companies to re-open accounts they have restricted or shut down for suspected tradeline activity?
2. Has anyone tried applying for cards in the future with the same vendor who shut down their accounts? For example, I obviously want to continue travel hacking and want to apply for Chase cards again in the future. Am I able to do so or am I essentially blacklisted in the future based on my current cards being shut down? Any thoughts?
for those that have had cards shut down, did you have a chance to use your rewards pts/$ afterwards? or they did burn once the acct card got closed?
Since most with Chase UR pts are saving them up for better exchange rate for travel rather than consistently cashing them out, potential dangerous situation there?
Damn, sucks you got so many shut down at once.
I don't use Chase at all--not worth the risk to me for them to shut down everything. They are the one who will do that, as far as I'm aware. And I have a lot of cards with them, and like 400k UR points.
I've had a B of A shut down (and my wife as well), but we continue to have other cards with them (and sell tradelines on the other cards, even). They don't seem to mind.
I've had a Capital One shut down, but just had the one card with them, so I don't know if they would have shut down other cards. Good to know they shut down multiple on you, though that sucks. I don't think anyone else has reported having multiple shut down from anyone but Chase, that I recall.
Hopefully you can, after awhile, get access to reopening new cards with them, even if they don't reinstate those ones.
for those that have had cards shut down, did you have a chance to use your rewards pts/$ afterwards? or they did burn once the acct card got closed?
Since most with Chase UR pts are saving them up for better exchange rate for travel rather than consistently cashing them out, potential dangerous situation there?
Just to follow-up, I was using the tradeline company recommended by the Wealthy Accountant's blog. I started with the old and then new companies recommended here, but at the time the rates across the board were better with the Wealthy Accountant's recommended tradeline company for what it's worth. We followed the usual guidelines of only 2 AUs at a time, keep them on for at least 2 months, etc.
To date Barclaycard has been incredible. This tradeline company makes an exception for Barclaycard and lets you add 6 AUs at once. Apparently Barclaycard's policy is to allow up to 54 AUs before they shut down your card (according to tradeline company representative). However, after shutting down my Chase and Capital One cards I'm gonna take a mini retirement from tradelines before I lose any more cards.
Good to know they shut down multiple on you, though that sucks. I don't think anyone else has reported having multiple shut down from anyone but Chase, that I recall.
From the new company regarding payout date: 10 weeks after the closing date
Just to follow-up, I was using the tradeline company recommended by the Wealthy Accountant's blog. I started with the old and then new companies recommended here, but at the time the rates across the board were better with the Wealthy Accountant's recommended tradeline company for what it's worth. We followed the usual guidelines of only 2 AUs at a time, keep them on for at least 2 months, etc.
Yeah. They tend to see a lot higher rate of shut down due to sketchy AUs. Their AU verification methods are much worse, IMO, so it leads to more shutdowns. Even if you follow the guidelines of limiting the number of AUs, if they are AUs that get red flagged, then you do too.
Not worth seeing a higher volume of sales or slightly higher amount per sale if it leads to a quicker shut down, for me personally. I'd rather keep the cards open for a long time and slowly milk them. For someone wanting to burn through them quicker and maximize profit in the short run, there are plenty of tradeline companies that can do that.
Just to follow-up, I was using the tradeline company recommended by the Wealthy Accountant's blog. I started with the old and then new companies recommended here, but at the time the rates across the board were better with the Wealthy Accountant's recommended tradeline company for what it's worth. We followed the usual guidelines of only 2 AUs at a time, keep them on for at least 2 months, etc.
Yeah. They tend to see a lot higher rate of shut down due to sketchy AUs. Their AU verification methods are much worse, IMO, so it leads to more shutdowns. Even if you follow the guidelines of limiting the number of AUs, if they are AUs that get red flagged, then you do too.
Not worth seeing a higher volume of sales or slightly higher amount per sale if it leads to a quicker shut down, for me personally. I'd rather keep the cards open for a long time and slowly milk them. For someone wanting to burn through them quicker and maximize profit in the short run, there are plenty of tradeline companies that can do that.
Could very well be. I guess I didn't do enough due diligence on their buyer sourcing and vetting methods. For the community, do you have certain questions you'd ask a tradeline company when vetting? Clearly I didn't ask the right ones on how they source and vet their buyers. I know they used third party referrals, but was told anecdotally they have very stringent parameters, but maybe not.
From the new company regarding payout date: 10 weeks after the closing date
It's been 12+ weeks and still no payment nor any response from the owner to my repeated inquiries about my payment. It was my only sale with new company last year. Very disappointing to say the least. But I am also not sweating it. Old company is just a pleasure to work with and they have been getting all my cards.
Has anyone with a credit card shutdown due to authorized users had success getting approved again after reapplying?
I have been shut down by Citi, Disco, and BofA and wondering if it’s worth reapplying at some point.
QuoteHas anyone with a credit card shutdown due to authorized users had success getting approved again after reapplying?
I have been shut down by Citi, Disco, and BofA and wondering if it’s worth reapplying at some point.
You have had alot of shut downs, do you care to share or have any thoughts on why they shut you down? I know BOA shut me down becasue I put too many users on at once, and Capital one shut me down I believe Because I added all users on line. They did re open my accunt though after I provided my social security card.
QuoteHas anyone with a credit card shutdown due to authorized users had success getting approved again after reapplying?
I have been shut down by Citi, Disco, and BofA and wondering if it’s worth reapplying at some point.
You have had alot of shut downs, do you care to share or have any thoughts on why they shut you down? I know BOA shut me down becasue I put too many users on at once, and Capital one shut me down I believe Because I added all users on line. They did re open my accunt though after I provided my social security card.
BofA shut me down a few years ago. I added 3 users at once and was immediately shut down. If I opened BofA again I’d only add one user at a time.
Citi - I was adding users for a few years and eventually was shut down.
Disco - same situation as Citi
I'd love to know, for anyone willing to share, an approximate figure of what your 2019 income was. It doesn't have to be detailed, like how many cards and or how many sales, but in general, I'd like to know if this is a 20-40k/yr side gig or a 2-4k/yr side gig. I have some valuable cards and could start applying for new cards to season them, but I'm only really interested if this really is a 20k-ish side gig.
It likely isn't a 20k+ gig anymore, but solid low five-figures if you have the cards. If you're seasoning new ones, it won't be. Then likely low four-figures. If you just have a single card or two that's eligible, low three figures.
First, it depends on the details of the cards (their limits and ages and especially how many you have enrolled) for how many sales you get.
I know a few people making low five figures (10-15k range) per year. Based on information I have of MMM members, I'd say the average person has 1-2 cards enrolled, sees a sale or two every few months and makes $600-$1500 per year.
Regardless of what you make, the main benefit is the lack of time/effort required. It pays about $1000/hour because it takes about 5 minutes to add someone, 5 minutes to remove them two months later, and you get paid $150-200 for that effort. So whether you're doing it 60+ times a year and making 10k+ (and spending 10 hours a year doing it) or doing it 6 times a year (and spending 1 hour a year doing it, making about $1000 doing it), the effort to amount ratio is well worth it, for me personally.
If it's only worth it to you if you make 20k doing it for 20 hours (~2 hours/mo, say 10 AUs/mo), it likely won't be that. You'd want a dozen+ cards, old/high limits. More doable if you have a spouse with lots of cards.
I think it's most valuable for those new to MMM--still getting their financial stuff together, perhaps in debt, wanting a side-gig to accelerate things, but don't know where to start or don't have a lot of time. Even a few hundred or few thousand bucks can make a big difference to them, and the amount of effort or energy required is so low that it's huge to them.
From the new company regarding payout date: 10 weeks after the closing date
It's been 12+ weeks and still no payment nor any response from the owner to my repeated inquiries about my payment. It was my only sale with new company last year. Very disappointing to say the least. But I am also not sweating it. Old company is just a pleasure to work with and they have been getting all my cards.
I feel your pain. You would think after years of dropping the ball on untimely payments/non responsiveness, they would have figured out a better system.
I'm assuming the old company hasn't gotten any better with sales
I'm assuming the old company hasn't gotten any better with sales
Better than what? I fill 8 to 10 spots a month with them.
It's been 3 months now and I have not gotten any adds neither from old or new company, is this normal?
All my cards are 5+, one is 30K and the other two are $17,000 and $19,000. I have gotten 0 adds since I joined.I'm assuming the old company hasn't gotten any better with sales
Better than what? I fill 8 to 10 spots a month with them.
What kind of cards do you use? I have 5+ years, 20k+ credit line and don't get a lot of orders. I heard that there is more demand for cheaper cards.
From the new company regarding payout date: 10 weeks after the closing date
It's been 12+ weeks and still no payment nor any response from the owner to my repeated inquiries about my payment. It was my only sale with new company last year. Very disappointing to say the least. But I am also not sweating it. Old company is just a pleasure to work with and they have been getting all my cards.
I feel your pain. You would think after years of dropping the ball on untimely payments/non responsiveness, they would have figured out a better system.
From the new company regarding payout date: 10 weeks after the closing date
It's been 12+ weeks and still no payment nor any response from the owner to my repeated inquiries about my payment. It was my only sale with new company last year. Very disappointing to say the least. But I am also not sweating it. Old company is just a pleasure to work with and they have been getting all my cards.
I feel your pain. You would think after years of dropping the ball on untimely payments/non responsiveness, they would have figured out a better system.
No such issues with old company. Move your cards there if possible.
It sounds like there is room for a business-minded mustachian to establish a better-ran company.
I'm assuming the old company hasn't gotten any better with sales
Better than what? I fill 8 to 10 spots a month with them.
What kind of cards do you use? I have 5+ years, 20k+ credit line and don't get a lot of orders. I heard that there is more demand for cheaper cards.
BoostMyScore was actually bought out by another company so their going to transition cardholders over
30K card, 20 years perfect history, 3 sales in 3 years
10K card, 24 months old, 6 spots sold in the last year
1K card, 18 months old, haven't had a month without both spots sold
30K card, 20 years perfect history, 3 sales in 3 years
10K card, 24 months old, 6 spots sold in the last year
1K card, 18 months old, haven't had a month without both spots sold
Is that right? A $1000 card? I didn't know you could get one that low.
30K card, 20 years perfect history, 3 sales in 3 years
10K card, 24 months old, 6 spots sold in the last year
1K card, 18 months old, haven't had a month without both spots sold
Is that right? A $1000 card? I didn't know you could get one that low.
I know, right? Funny thing is it started at a $500 card and I had to bug them for a limit increase. Twice. They wouldn't do one until the card was 12 months old.
I only opened it to sell tradelines on it and it's my most consistent seller. I have no idea what 18 months of on-time payments could possibly do on only a $1000 credit line, but, apparently someone out there is buying it.
30K card, 20 years perfect history, 3 sales in 3 years
10K card, 24 months old, 6 spots sold in the last year
1K card, 18 months old, haven't had a month without both spots sold
Is that right? A $1000 card? I didn't know you could get one that low.
I know, right? Funny thing is it started at a $500 card and I had to bug them for a limit increase. Twice. They wouldn't do one until the card was 12 months old.
I only opened it to sell tradelines on it and it's my most consistent seller. I have no idea what 18 months of on-time payments could possibly do on only a $1000 credit line, but, apparently someone out there is buying it.
What bank is it? Maybe I'll pick one up. And do you have a referral link?
30K card, 20 years perfect history, 3 sales in 3 years
10K card, 24 months old, 6 spots sold in the last year
1K card, 18 months old, haven't had a month without both spots sold
Is that right? A $1000 card? I didn't know you could get one that low.
I know, right? Funny thing is it started at a $500 card and I had to bug them for a limit increase. Twice. They wouldn't do one until the card was 12 months old.
I only opened it to sell tradelines on it and it's my most consistent seller. I have no idea what 18 months of on-time payments could possibly do on only a $1000 credit line, but, apparently someone out there is buying it.
What bank is it? Maybe I'll pick one up. And do you have a referral link?
Citi. Somewhere else in the thread it was mentioned how comically tight they are in limits.
YMMV, of course, I just signed up out of the blue and that's the limit they gave me. I guess you can always call in and have an existing line reduced. Tell them you're lowering your limits for whatever reason... getting finances under control, adjusting your credit score, whatever.
And thanks, but, it doesn't appear the Citi Double Cash card gives referral links.
What is the payout on that type of card (1 year, <10k limit)?
Anyone gotten their 1099-MISC from the New Company yet? I realize it's early, but I never got one last year until I e-mailed them about it.
Are you guys doing the self-employment schedules or reporting your sales as other income? Not excited about paying self-employment taxes, but I don't want to get myself in trouble either. Would appreciate any guidance from those of you who've been doing this for a while.
If anyone doesn't want to post publicly about how they report the income, I would appreciate PMs as well. Thanks!
I report tradeline income as Schedule C income, not as a hobby. Last year used QBI deduction (20% of that income) and opened a SEP IRA to reduce it even further.
I report tradeline income as Schedule C income, not as a hobby. Last year used QBI deduction (20% of that income) and opened a SEP IRA to reduce it even further.
I've never once made a single transaction using any AU cards over 2 years 30+ adds between Chase/Citi/Barlcays and never had an issue with posting
Is someone suggesting that the AU card needs to be used at all for it to post correctly?
or actually I assume you're probably be talking about just using each actual main card you're selling off of
If you aren't ever losing money, then it may be difficult to justify it as a hobby.The IRS doesn't care if you claim a routinely profitable activity as a hobby unless it is depended on for a significant portion of your income. A few hours a month for what amounts to pocket change is fine as a hobby; since it also never shows a loss it is fine as a business too.
Anyone gotten their 1099-MISC from the New Company yet? I realize it's early, but I never got one last year until I e-mailed them about it.
If you aren't ever losing money, then it may be difficult to justify it as a hobby.The IRS doesn't care if you claim a routinely profitable activity as a hobby unless it is depended on for a significant portion of your income. A few hours a month for what amounts to pocket change is fine as a hobby; since it also never shows a loss it is fine as a business too.
If you aren't ever losing money, then it may be difficult to justify it as a hobby.The IRS doesn't care if you claim a routinely profitable activity as a hobby unless it is depended on for a significant portion of your income. A few hours a month for what amounts to pocket change is fine as a hobby; since it also never shows a loss it is fine as a business too.
Pretty sure the IRS want's you to claim the income and pay taxes on it. I don't know what (if any) tax difference there is between claiming $1,000 in income from a hobby versus a business. I think the distinction is mainly so somebody can't say they have a "business" that losses thousands every year (reducing taxable income) when really it's a hobby like raising horses, hunting, skiing, crafting, etc.
There are tax differences between deciding something is a hobby versus a business:I think business losses can even be deducted against other income (if not, I'm certain it can be carried forward to deduct against business income in another year). I don't think the IRS cares if you consider selling tradelines to be a hobby or a business; but they certainly would not be OK with not reporting it at all (unless you are not required to file).
1. Business income is earned income and can contribute to eligibility for IRA contributions (and thus the retirement savings tax credit). With a person with really low income, it may affect whether or not they meet the requirement to file.
Hobby income is considered unearned income.
2. A person pays both sides of Social Security and Medicare taxes on business income, and receives a credit or adjustment for one half of those taxes. Not so with a hobby.
3. A person can deduct business expenses against business income. Not so with a hobby.
4. A person may qualify for the QBI business deduction with business income. Not so with a hobby.
5. Business income is usually reported on Schedule C. Hobby income is included with other income on Schedule 1 line 8 (on a 2019 return).
Pretty sure most of that is right. If not, someone more qualified will come along and correct me.
There are tax differences between deciding something is a hobby versus a business:I think business losses can even be deducted against other income (if not, I'm certain it can be carried forward to deduct against business income in another year). I don't think the IRS cares if you consider selling tradelines to be a hobby or a business; but they certainly would not be OK with not reporting it at all (unless you are not required to file).
1. Business income is earned income and can contribute to eligibility for IRA contributions (and thus the retirement savings tax credit). With a person with really low income, it may affect whether or not they meet the requirement to file.
Hobby income is considered unearned income.
2. A person pays both sides of Social Security and Medicare taxes on business income, and receives a credit or adjustment for one half of those taxes. Not so with a hobby.
3. A person can deduct business expenses against business income. Not so with a hobby.
4. A person may qualify for the QBI business deduction with business income. Not so with a hobby.
5. Business income is usually reported on Schedule C. Hobby income is included with other income on Schedule 1 line 8 (on a 2019 return).
Pretty sure most of that is right. If not, someone more qualified will come along and correct me.
How much difference does it make if you report tradeline income as a hobby or business? Let's say your salary is 100K and you earn another 5K selling tradelines (not my numbers, just an example). What would be the difference approx? You would have to pay FICA taxes on business income but not hobby income, correct? But also you would be able to claim QBI deduction (only 80% of business income is taxable) and open a SEP IRA, so that would offset some of the FICA payments.
How do you add the SSN online through Barclays? I saw a previous post that said to opt out of getting a card, but I don’t get the option to add the SSN.
How do you add the SSN online through Barclays? I saw a previous post that said to opt out of getting a card, but I don’t get the option to add the SSN.
You don't. Just the address is enough to post for the AU.
last time I tried on Barclays pretty sure it was just name/DOB, also never seen any card ask for address we aren't even given it
strange since there are a few with common names, and DOB could overlap
How much difference does it make if you report tradeline income as a hobby or business? Let's say your salary is 100K and you earn another 5K selling tradelines (not my numbers, just an example). What would be the difference approx? You would have to pay FICA taxes on business income but not hobby income, correct? But also you would be able to claim QBI deduction (only 80% of business income is taxable) and open a SEP IRA, so that would offset some of the FICA payments.
It would be hard to say. It would depend partly on how much in business expenses you chose to deduct, as well as your overall AGI (Social Security taxes end at a certain amount of earned income).
But roughly 15.3% of net income for SE taxes minus 7.65% of net income for SE tax adjustment minus 20% of QBI. So probably in most cases worth it to report as business income.
Unfortunately I gave up on this gig some time ago. Discover closed my account back in 2018 and they would never give me any information about exactly why, but AUs is the only thing I can fathom. I haven't had any luck with AUs on my Citi card. They never seem to report properly despite following the instructions to call in and add SSN and so on.
Has anyone had any luck opening a new Discover card after getting an account closed? I would like to get another one but not sure how long I should wait or if they will ever give me another one.
Unfortunately I gave up on this gig some time ago. Discover closed my account back in 2018 and they would never give me any information about exactly why, but AUs is the only thing I can fathom. I haven't had any luck with AUs on my Citi card. They never seem to report properly despite following the instructions to call in and add SSN and so on.
Has anyone had any luck opening a new Discover card after getting an account closed? I would like to get another one but not sure how long I should wait or if they will ever give me another one.
I think you can sue them for canceling without telling you. You'll have to search this thread but I know some ppl got a cash settlement from discover for this very reason. Somone on here is an attorney and handled it for them.
From the new company regarding payout date: 10 weeks after the closing date
It's been 12+ weeks and still no payment nor any response from the owner to my repeated inquiries about my payment. It was my only sale with new company last year. Very disappointing to say the least. But I am also not sweating it. Old company is just a pleasure to work with and they have been getting all my cards.
I feel your pain. You would think after years of dropping the ball on untimely payments/non responsiveness, they would have figured out a better system.
I am seriously so annoyed with the new company. I've only had 3 adds with them over the last year, and I have not gotten paid within 2 months of "on-time" (11 weeks after is what they told me is standard) and have had to send follow-up after follow-up email. I'm so frustrated! I just emailed Cliff for the 3rd time about my AU added in September 2019. After I get paid for my last add I am DONE with them. It's not worth the hassle of chasing down my payment every. single. time. ACCKK!
Ugh. Sounds like the late payment issues have gotten way worse. I've contacted them for a few people and been able to get payment, but this sounds pretty widespread. As always, anyone can feel free to PM me with issues.
Something I just happened to notice. Closing dates change. Is there any standard practice to notify the TL company? I was updating my spread sheet and noticed that the closing date the TL has and what's on my last statement is now about half a month apart. Or am I wrong here?
Doctor of credit is probably the best source of information about credit card applications, churning restrictions etc
Doctor of credit is probably the best source of information about credit card applications, churning restrictions etc
Thanks. Ah, I see why my application was rejected now. I didn`t know that Capital One limits one card per 6 months.
Just out of curiosity, is there a reason why we are not using the direct names of the tradeline companies?
Doctor of credit is probably the best source of information about credit card applications, churning restrictions etc
Thanks. Ah, I see why my application was rejected now. I didn`t know that Capital One limits one card per 6 months.
Same issue here. No payment for months and response has been almost non existent. And when Cliff does respond and says they will pay it never happens.From the new company regarding payout date: 10 weeks after the closing date
It's been 12+ weeks and still no payment nor any response from the owner to my repeated inquiries about my payment. It was my only sale with new company last year. Very disappointing to say the least. But I am also not sweating it. Old company is just a pleasure to work with and they have been getting all my cards.
I feel your pain. You would think after years of dropping the ball on untimely payments/non responsiveness, they would have figured out a better system.
I am seriously so annoyed with the new company. I've only had 3 adds with them over the last year, and I have not gotten paid within 2 months of "on-time" (11 weeks after is what they told me is standard) and have had to send follow-up after follow-up email. I'm so frustrated! I just emailed Cliff for the 3rd time about my AU added in September 2019. After I get paid for my last add I am DONE with them. It's not worth the hassle of chasing down my payment every. single. time. ACCKK!
I am leaving them too. I just need to remove a couple users and get paid. they owe me $1000+. Ive been asking about payment since november, Erica and Cliff, no answers.
@EliteZags I too am interested in Amex tradeline company. I also am looking for other companies if others have suggestions. My previous companies have gone out of business or are selling poorly. Most of my cards are under 3 years old but between $4000 & $13,000. I'd be glad to mention you referred me.
Also, AMEX cards don't work because authorized users on AMEX cards do NOT inherit the card history.
ie. If you had you amex open since 2010, but added an AU on 01/2020, on the AU's credit report, it will show a new AMEX card starting on 01/2020 for them, not 2010.
If a tradeline company claims to be able to accept AMEX cards, they are lying to you.
Also, AMEX cards don't work because authorized users on AMEX cards do NOT inherit the card history.
ie. If you had you amex open since 2010, but added an AU on 01/2020, on the AU's credit report, it will show a new AMEX card starting on 01/2020 for them, not 2010.
If a tradeline company claims to be able to accept AMEX cards, they are lying to you.
ARS, how does adding someone as a AU change their DTI? Don't their debt and income stay the same?Pretty sure he meant credit utilization ratio.
I did, thanks for the clarification. :)ARS, how does adding someone as a AU change their DTI? Don't their debt and income stay the same?Pretty sure he meant credit utilization ratio.
Also, does anyone know if I can add my wife's cards to my account too?
Unfortunately both old and new company aren't accepting new cards right now, unless they're very old/high limit.
What other credit card companies(that work for tradelines) have a completely online system for adding AUs? I have USAA, Discover, CapitalOne and Barclays currently. Calling in every time for USAA can be a bit of a hassle sometimes. Trying to get a few more cards seasoning for if/when cards start getting accepted again. Also, does anyone know if I can add my wife's cards to my account too?
What other credit card companies(that work for tradelines) have a completely online system for adding AUs? I have USAA, Discover, CapitalOne and Barclays currently. Calling in every time for USAA can be a bit of a hassle sometimes. Trying to get a few more cards seasoning for if/when cards start getting accepted again. Also, does anyone know if I can add my wife's cards to my account too?
Chase and Barclays are the ones I know for sure. USBank you have to call in for adds, but can SM to remove. I've shifted to SMs to remove in all cases just because it's easiest for me that way and seems to work just fine.
At least 20k, sometimes 30. They fluctuate based on need.Unfortunately both old and new company aren't accepting new cards right now, unless they're very old/high limit.
Thanks again @arebelspy for sharing this little side business with the rest of us.
Question: Do you know what the old company is looking for these days in terms of cards? Wondering if you know the current definition of 'high limit'. I have some I would like to add but they were not the right fit the last time they opened up for new cards. Thanks for any info!
What other credit card companies(that work for tradelines) have a completely online system for adding AUs? I have USAA, Discover, CapitalOne and Barclays currently. Calling in every time for USAA can be a bit of a hassle sometimes. Trying to get a few more cards seasoning for if/when cards start getting accepted again. Also, does anyone know if I can add my wife's cards to my account too?
Chase and Barclays are the ones I know for sure. USBank you have to call in for adds, but can SM to remove. I've shifted to SMs to remove in all cases just because it's easiest for me that way and seems to work just fine.
What other credit card companies(that work for tradelines) have a completely online system for adding AUs? I have USAA, Discover, CapitalOne and Barclays currently. Calling in every time for USAA can be a bit of a hassle sometimes. Trying to get a few more cards seasoning for if/when cards start getting accepted again. Also, does anyone know if I can add my wife's cards to my account too?
Chase and Barclays are the ones I know for sure. USBank you have to call in for adds, but can SM to remove. I've shifted to SMs to remove in all cases just because it's easiest for me that way and seems to work just fine.
USBank: top: Customer service .... then Self Service .... then Add Authorized User
:D
As of a month ago, old company was accepting old credit over $20k.
Hello,
Can anyone recommend any good reputable companies. I've been scammed before and Im hoping someone can help me out before I give up completely.
PM
Thank you
Has anybody used BBVA credit cards for selling tradelines?
Has anybody used BBVA credit cards for selling tradelines?
I have a "new, low limit" one with the old company. 2 AUs every 2 months. If you have an old, high limit card, they'll take it.
Has anybody used BBVA credit cards for selling tradelines?
I have a "new, low limit" one with the old company. 2 AUs every 2 months. If you have an old, high limit card, they'll take it.
Has anybody used BBVA credit cards for selling tradelines?
I have a "new, low limit" one with the old company. 2 AUs every 2 months. If you have an old, high limit card, they'll take it.
Are you able to add AU online with BBVA? I haven't seen anywhere that's an option...
Maybe one of us Mustachians could start a tradeline company and fix some of the issues we have been experiencing?
Maybe one of us Mustachians could start a tradeline company and fix some of the issues we have been experiencing?
I would like to start tradelining, but all my credit cards dont have high enough limits. I will be raising the limits on these as much as I can but if they question my income I might have a problem haha. I just got my first barclays card, the AAdvantage Aviator Red World Elite Mastercard. I will be getting 60k miles after the first purchase. It has a $99 fee, but after the first year I will downgrade.
I hope to start tradelining this card soon, but I don't think its eligible for the new or the old company. Does anyone have any alternative companies they currently recommend?
ARS tried for real a couple years ago - there are some significant barriers to entry it turns out.Maybe one of us Mustachians could start a tradeline company and fix some of the issues we have been experiencing?
This has been talked about for years in this thread, but no one has stepped up yet.
I tried building a tradeline company a couple years ago. The biggest hurdle I faced was finding customers. Who buys AU slots? Most people are completely unaware of them, so they have to be educated. It requires a source of leads and a sales team to go after them. I never found a good answer to this question.
The rest of the stuff - business, accounting, legal, etc - was pretty run-of-the-mill.
I tried building a tradeline company a couple years ago. The biggest hurdle I faced was finding customers. Who buys AU slots? Most people are completely unaware of them, so they have to be educated. It requires a source of leads and a sales team to go after them. I never found a good answer to this question.I can imagine it would require a significant marketing budget. I wonder what sort of marketing would be most effective at generating leads.
The rest of the stuff - business, accounting, legal, etc - was pretty run-of-the-mill.
You'll need to call for both of those things.
I just had an add with the new company, their instructions don't say when I can remove the AU, do you guys know, or does it depend on the bank?
thanksI just had an add with the new company, their instructions don't say when I can remove the AU, do you guys know, or does it depend on the bank?
They will usually send you a notification when it's time to remove.
Not sure what's going on with bank of america. I got a notice to remove an AU so I called up BoA yesterday and was told the wait time was 2 hours and 47 minutes, so I hung up and decided to try again today. Today I was told it was a 27 minute wait time, and was given the option to get a call back. That was an hour ago and I haven't been called back.Probably because many call centers are closed and/or employees are missing work.
Not sure what's going on with bank of america. I got a notice to remove an AU so I called up BoA yesterday and was told the wait time was 2 hours and 47 minutes, so I hung up and decided to try again today. Today I was told it was a 27 minute wait time, and was given the option to get a call back. That was an hour ago and I haven't been called back.Probably because many call centers are closed and/or employees are missing work.
Not sure what's going on with bank of america. I got a notice to remove an AU so I called up BoA yesterday and was told the wait time was 2 hours and 47 minutes, so I hung up and decided to try again today. Today I was told it was a 27 minute wait time, and was given the option to get a call back. That was an hour ago and I haven't been called back.
If you enroll spouses card, is it necessary to tell the company that the card is in your spouses name?
Thanks. I'm only wondering whether I will get paid or not by the tradeline company if the name on the card is my husband's not mine and they don't know that.If you enroll spouses card, is it necessary to tell the company that the card is in your spouses name?
I might set up a spouse as a separate client with a separate email and separate cards, for two reasons. First, if we were also doing bank bonuses, it would be helpful to have two different paychecks from the company to more easily facilitate getting multiple bank bonuses at a time. And second, just because I view it as cleaner somehow - it makes things line up with the tradeline company the way things actually are, and it doesn't misrepresent to the tradeline company whose card it actually is.
But as a practical matter, if you're sharing finances, I think it would work just fine. I can't think of a reason it wouldn't.
Actually, now that I think about it, there are a couple of minor practical snags to consider:
First, if you get the email to add an AU on your spouse's card and they have to call in to add the AU, then you'd have to coordinate that handoff with your spouse. Sometimes their can be tight timeframes to add AUs, and if you're busy or don't share an email or aren't otherwise able to coordinate the handoff (and hand-back to mark the AU as added) then that could occasionally create minor issues and perhaps even a situation where you're not able to add the AU in time, which is generally not good for anyone.
Second, from a tax perspective, if you're using your piggybacking income to contribute to a retirement plan, then the income and the retirement plan both have to be in your name. This could affect you in situations where you're claiming the retirement savings tax credit because there is a per-spouse limit and spouses' contributions are treated individually. Or if you want to max everything out, then having that income in just your name could hamper that goal, but that is probably only in extreme scenarios.
HTH.
Thanks. I'm only wondering whether I will get paid or not by the tradeline company if the name on the card is my husband's not mine and they don't know that.If you enroll spouses card, is it necessary to tell the company that the card is in your spouses name?
I might set up a spouse as a separate client with a separate email and separate cards, for two reasons. First, if we were also doing bank bonuses, it would be helpful to have two different paychecks from the company to more easily facilitate getting multiple bank bonuses at a time. And second, just because I view it as cleaner somehow - it makes things line up with the tradeline company the way things actually are, and it doesn't misrepresent to the tradeline company whose card it actually is.
But as a practical matter, if you're sharing finances, I think it would work just fine. I can't think of a reason it wouldn't.
Actually, now that I think about it, there are a couple of minor practical snags to consider:
First, if you get the email to add an AU on your spouse's card and they have to call in to add the AU, then you'd have to coordinate that handoff with your spouse. Sometimes their can be tight timeframes to add AUs, and if you're busy or don't share an email or aren't otherwise able to coordinate the handoff (and hand-back to mark the AU as added) then that could occasionally create minor issues and perhaps even a situation where you're not able to add the AU in time, which is generally not good for anyone.
Second, from a tax perspective, if you're using your piggybacking income to contribute to a retirement plan, then the income and the retirement plan both have to be in your name. This could affect you in situations where you're claiming the retirement savings tax credit because there is a per-spouse limit and spouses' contributions are treated individually. Or if you want to max everything out, then having that income in just your name could hamper that goal, but that is probably only in extreme scenarios.
HTH.
Thanks. I'm only wondering whether I will get paid or not by the tradeline company if the name on the card is my husband's not mine and they don't know that.If you enroll spouses card, is it necessary to tell the company that the card is in your spouses name?
I might set up a spouse as a separate client with a separate email and separate cards, for two reasons. First, if we were also doing bank bonuses, it would be helpful to have two different paychecks from the company to more easily facilitate getting multiple bank bonuses at a time. And second, just because I view it as cleaner somehow - it makes things line up with the tradeline company the way things actually are, and it doesn't misrepresent to the tradeline company whose card it actually is.
But as a practical matter, if you're sharing finances, I think it would work just fine. I can't think of a reason it wouldn't.
Actually, now that I think about it, there are a couple of minor practical snags to consider:
First, if you get the email to add an AU on your spouse's card and they have to call in to add the AU, then you'd have to coordinate that handoff with your spouse. Sometimes their can be tight timeframes to add AUs, and if you're busy or don't share an email or aren't otherwise able to coordinate the handoff (and hand-back to mark the AU as added) then that could occasionally create minor issues and perhaps even a situation where you're not able to add the AU in time, which is generally not good for anyone.
Second, from a tax perspective, if you're using your piggybacking income to contribute to a retirement plan, then the income and the retirement plan both have to be in your name. This could affect you in situations where you're claiming the retirement savings tax credit because there is a per-spouse limit and spouses' contributions are treated individually. Or if you want to max everything out, then having that income in just your name could hamper that goal, but that is probably only in extreme scenarios.
HTH.
They pay you as long as the line shows up on the AU's report. All you represent to the TL company is the issuer (Citi, Chase, etc), the age of the line (3 years or whatever), and the CL ($15,000 or whatever). Nowhere in the process does your name show up on the AU's report, which is all the AU or the TL company would look at. So it should work as far as I can tell.
At the end of the year, the 1099 will be issued to you in your name, so again, it could matter from a tax perspective.
Thanks. I'm only wondering whether I will get paid or not by the tradeline company if the name on the card is my husband's not mine and they don't know that.If you enroll spouses card, is it necessary to tell the company that the card is in your spouses name?
I might set up a spouse as a separate client with a separate email and separate cards, for two reasons. First, if we were also doing bank bonuses, it would be helpful to have two different paychecks from the company to more easily facilitate getting multiple bank bonuses at a time. And second, just because I view it as cleaner somehow - it makes things line up with the tradeline company the way things actually are, and it doesn't misrepresent to the tradeline company whose card it actually is.
But as a practical matter, if you're sharing finances, I think it would work just fine. I can't think of a reason it wouldn't.
Actually, now that I think about it, there are a couple of minor practical snags to consider:
First, if you get the email to add an AU on your spouse's card and they have to call in to add the AU, then you'd have to coordinate that handoff with your spouse. Sometimes their can be tight timeframes to add AUs, and if you're busy or don't share an email or aren't otherwise able to coordinate the handoff (and hand-back to mark the AU as added) then that could occasionally create minor issues and perhaps even a situation where you're not able to add the AU in time, which is generally not good for anyone.
Second, from a tax perspective, if you're using your piggybacking income to contribute to a retirement plan, then the income and the retirement plan both have to be in your name. This could affect you in situations where you're claiming the retirement savings tax credit because there is a per-spouse limit and spouses' contributions are treated individually. Or if you want to max everything out, then having that income in just your name could hamper that goal, but that is probably only in extreme scenarios.
HTH.
Is a charge of as small as $4.50 enough to have it still be reported to the credit agencies, like equifax, transunion, experian ?
Yes, and that's fine. I don't see it as a problem. Is this a problem? I just want to make sure I get paid by the tradeline company.Thanks. I'm only wondering whether I will get paid or not by the tradeline company if the name on the card is my husband's not mine and they don't know that.If you enroll spouses card, is it necessary to tell the company that the card is in your spouses name?
I might set up a spouse as a separate client with a separate email and separate cards, for two reasons. First, if we were also doing bank bonuses, it would be helpful to have two different paychecks from the company to more easily facilitate getting multiple bank bonuses at a time. And second, just because I view it as cleaner somehow - it makes things line up with the tradeline company the way things actually are, and it doesn't misrepresent to the tradeline company whose card it actually is.
But as a practical matter, if you're sharing finances, I think it would work just fine. I can't think of a reason it wouldn't.
Actually, now that I think about it, there are a couple of minor practical snags to consider:
First, if you get the email to add an AU on your spouse's card and they have to call in to add the AU, then you'd have to coordinate that handoff with your spouse. Sometimes their can be tight timeframes to add AUs, and if you're busy or don't share an email or aren't otherwise able to coordinate the handoff (and hand-back to mark the AU as added) then that could occasionally create minor issues and perhaps even a situation where you're not able to add the AU in time, which is generally not good for anyone.
Second, from a tax perspective, if you're using your piggybacking income to contribute to a retirement plan, then the income and the retirement plan both have to be in your name. This could affect you in situations where you're claiming the retirement savings tax credit because there is a per-spouse limit and spouses' contributions are treated individually. Or if you want to max everything out, then having that income in just your name could hamper that goal, but that is probably only in extreme scenarios.
HTH.
Wouldn't someone purchasing that tradeline get associated with your husband's credit history instead of your credit history if the card is in your husband's name? There may be a lot of shared accounts on your credit reports, but you will have separate and independent credit reports and I would think each tradeline account would be restricted to only listing cards under their own name.
My wife isn't signed up, but I am assuming when we do sign her up she will need to provide her SSN, contact info, etc along with the cards, and set up her own account and the tradeline company would deal with her directly.
I have both my spouse and my cards combined with one company. I do remember last year when the trade line company pulled my credit karma report, some of my spouses cards showed up as mine .But did you tell the company which cards are in your name and which ones are your spouse's name?
https://www.ftc.gov/system/files/documents/cases/192_3059_boost_my_score_complaint_filed_0.pdf
What do you all think of this lawsuit? Is this something we need to worry about?
https://www.ftc.gov/system/files/documents/cases/192_3059_boost_my_score_complaint_filed_0.pdf
What do you all think of this lawsuit? Is this something we need to worry about?
Yeah, Lifehacker posted about it like 3 weeks ago:Hey thanks! I should have searched first. Hopefully our little gig doesn't get shut down, but if it is predatory and not helping the customers than ethically I would have trouble continuing to supply the tradelines. I hope this works out ok, seems like they were just not doing this properly and got sued.
https://twocents.lifehacker.com/dont-pay-for-credit-repair-piggyback-scams-1842243066
Same thing as the previous FTC judgement/settlement.
The key takeaways:
1) Don't promise things re: score bump.
2) Don't do credit repair and take payment up front.
Neither are allowed. Notice the FTC headline on the press release is that the company "deceived consumers" (item 1). And said they did item 2, which is illegal.
Tradelines itself is fine. Both companies that ran afoul of the FTC did both of those things not allowed. Neither TL company I use does (and I spoke with both owners at length after the previous FTC ruling, last Spring/early Summer IIRC).
It remains to be seen if the FTC will go after them, as they do somewhat seem to be targeting tradeline companies, but it would have to be on different issues than the previous two complaints.
Has anyone had any luck getting through to Citi lately?I have the same problem, been trying to remove one for over a week now.
I have an AU add that I need to request, but their phone lines are so busy that they don't even put you on hold. The automated system just tells you to try again later and hangs up on you (after wasting 5 minutes of your time going through the automated prompts, argh).
Has anyone had any luck getting through to Citi lately?I have the same problem, been trying to remove one for over a week now.
I have an AU add that I need to request, but their phone lines are so busy that they don't even put you on hold. The automated system just tells you to try again later and hangs up on you (after wasting 5 minutes of your time going through the automated prompts, argh).
Chat is unavailable as well
Has anyone had any luck getting through to Citi lately?I have the same problem, been trying to remove one for over a week now.
I have an AU add that I need to request, but their phone lines are so busy that they don't even put you on hold. The automated system just tells you to try again later and hangs up on you (after wasting 5 minutes of your time going through the automated prompts, argh).
Chat is unavailable as well
I'm sitting on hold as we speak. There's no other way to add/remove, so we just have to wait, I guess.
The leads are weak.
Is the new company still taking one-year old cards? I've got a Barclay's card with $15k limit that's about to hit the one-year mark.
Is the new company still taking one-year old cards? I've got a Barclay's card with $15k limit that's about to hit the one-year mark.
Nope.
You have to keep your ear to the ground (or just watch this thread). They tend to open up for new/low limit cards now and then and close up accepting them fairly quickly. I've got in twice.
Is the new company still taking one-year old cards? I've got a Barclay's card with $15k limit that's about to hit the one-year mark.
Nope.
You have to keep your ear to the ground (or just watch this thread). They tend to open up for new/low limit cards now and then and close up accepting them fairly quickly. I've got in twice.
I got one new card in with the old company several months ago but nothing yet. I'd hoped to have one with each to double my chances.
I have 4 AU adds that just popped up today with the New Company. It is the same two people, twice. They both are to be added on a Barclay card and also on a Discover card. Both people have an identical address, and when I google it, it is a UPS store. Should I be concerned at all by doing these adds?
I have 4 AU adds that just popped up today with the New Company. It is the same two people, twice. They both are to be added on a Barclay card and also on a Discover card. Both people have an identical address, and when I google it, it is a UPS store. Should I be concerned at all by doing these adds?
I have 4 AU adds that just popped up today with the New Company. It is the same two people, twice. They both are to be added on a Barclay card and also on a Discover card. Both people have an identical address, and when I google it, it is a UPS store. Should I be concerned at all by doing these adds?My first guess would be that it is likely a couple (unmarried or married without name change) looking to improve credit scores for both of them in advance of a joint major purchase. If they are approaching the purchase with similar credit and need their combined income to qualify for the loan, it could make sense to purchase the same tradeline slots for both of them. No harm in asking the TL company to make sure it is OK though.
Unfortunately I gave up on this gig some time ago. Discover closed my account back in 2018 and they would never give me any information about exactly why, but AUs is the only thing I can fathom. I haven't had any luck with AUs on my Citi card. They never seem to report properly despite following the instructions to call in and add SSN and so on.
Has anyone had any luck opening a new Discover card after getting an account closed? I would like to get another one but not sure how long I should wait or if they will ever give me another one.
I think you can sue them for canceling without telling you. You'll have to search this thread but I know some ppl got a cash settlement from discover for this very reason. Somone on here is an attorney and handled it for them.
@PointsLawyer.
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.How many AUs have you had on that card?
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
See the post directly above yours. Contact that guy!
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
At least one of the companies does warn that BofA is more likely to shut down accounts.
I personally would be curious - if you're willing to share and have the data - if your AU activity ever exceeded the recommendations of the company you were using. The company I use recommends a max of 2 AUs at a time and leaving AUs on for 4 months for BofA cards.
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
At least one of the companies does warn that BofA is more likely to shut down accounts.
I personally would be curious - if you're willing to share and have the data - if your AU activity ever exceeded the recommendations of the company you were using. The company I use recommends a max of 2 AUs at a time and leaving AUs on for 4 months for BofA cards.
I added 6 AU total, never exceeded 2 simultaneously.
Feb 2018
Mar 2018
Jun 2018
Jul 2018
Sep 2018
Dec 2019
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
At least one of the companies does warn that BofA is more likely to shut down accounts.
I personally would be curious - if you're willing to share and have the data - if your AU activity ever exceeded the recommendations of the company you were using. The company I use recommends a max of 2 AUs at a time and leaving AUs on for 4 months for BofA cards.
I added 6 AU total, never exceeded 2 simultaneously.
Feb 2018
Mar 2018
Jun 2018
Jul 2018
Sep 2018
Dec 2019
Thanks for the data point. Do you know if you left them on for 4 months each?
(I'm not trying to be critical. I'm just trying to use others' experiences to assess whether my current MO is appropriate or too conservative or too risky.)
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
At least one of the companies does warn that BofA is more likely to shut down accounts.
I personally would be curious - if you're willing to share and have the data - if your AU activity ever exceeded the recommendations of the company you were using. The company I use recommends a max of 2 AUs at a time and leaving AUs on for 4 months for BofA cards.
I added 6 AU total, never exceeded 2 simultaneously.
Feb 2018
Mar 2018
Jun 2018
Jul 2018
Sep 2018
Dec 2019
Thanks for the data point. Do you know if you left them on for 4 months each?
(I'm not trying to be critical. I'm just trying to use others' experiences to assess whether my current MO is appropriate or too conservative or too risky.)
I did whatever the TL company asked (I don't remember if it's the new or old company, it's the one with Cliff). It looks like it was around 3 months for each add between add and remove date.
How do you check online your AUs?Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
See the post directly above yours. Contact that guy!
I thought that was only applicable when they blew you off and didn't give you a specific reason? It sounds like they very clearly called me out on my AU usage as the reason to shut it down. I'll have to read the letter when I get home.
I don't remember how many AU I've added. I'd have to log in and check when I get home.
How do you check online your AUs?Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
See the post directly above yours. Contact that guy!
I thought that was only applicable when they blew you off and didn't give you a specific reason? It sounds like they very clearly called me out on my AU usage as the reason to shut it down. I'll have to read the letter when I get home.
I don't remember how many AU I've added. I'd have to log in and check when I get home.
Ok, thanksHow do you check online your AUs?Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
See the post directly above yours. Contact that guy!
I thought that was only applicable when they blew you off and didn't give you a specific reason? It sounds like they very clearly called me out on my AU usage as the reason to shut it down. I'll have to read the letter when I get home.
I don't remember how many AU I've added. I'd have to log in and check when I get home.
I checked in the tradeline company's portal.
SO what did the latter exactly say?How do you check online your AUs?Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
See the post directly above yours. Contact that guy!
I thought that was only applicable when they blew you off and didn't give you a specific reason? It sounds like they very clearly called me out on my AU usage as the reason to shut it down. I'll have to read the letter when I get home.
I don't remember how many AU I've added. I'd have to log in and check when I get home.
I checked in the tradeline company's portal.
SO what did the latter exactly say?
Credit card ending in: XXXX
Frugalnacho:
Unfortunately, we've made the decision to close your credit card. Here's what you need to know.
We carefully reviewed your account history, credit report(s) provided by the credit reporting agency(ies) listed below and current economic and loss trends. We also considered your relationship with us and, unfortunately, we had to close your account because of the following reason(s):
Irregular authorized user activity on one or more of your accounts
You'll also find important information on Page 2 in the Equal Credit Opportunity Act Notice.
Things you need to do
Keep making your monthly payments. You'll continue to get a monthly statement until your account balance is paid in full. You can still use Mobile and Online Banking to see your account and make your payments.
Cancel any recurring payments. Contact any businesses that are billing your account to cancel the payments and make other payment arrangements. This will help you avoid fees or service interruptions.
Destroy any credit cards and cash advance checks associated with this account. We won't process any more transactions on this account.
Make other arrangements for overdraft protection. If your account is enrolled in overdraft protection, it can no longer be used to provide this service.
We're here to help
We want you to be financially successful. Learn more about understanding credit in the enclosed brochure and on our Better Money Habits website, which provides tools and information to help you manage your money. We hope you'll check it out at
bettermoneyhabits.com/healthycredit.
Let us know if you have any questions about this decision by writing to us at Bank of America, PO Box 982235, El Paso, TX 79998-2235.
Want to know more about your credit?
Since you have the right to a free copy of your credit report, we recommend you start there to get the best understanding.
Trans Union, PO Box 1000, Chester, PA 19016-1000. Their phone
number is 1.800.888.4213 and their website is
www.transunion.com/myoptions
The Fair Credit Reporting Act Notice on page 2 provides details about your right to know the information in your credit report.
Please see the important disclosures on the next page
FAIR CREDIT REPORTING ACT NOTICE
The credit reporting agency indicated in this letter did not make the decision to take adverse action and is unable to provide you with the specific reasons why this action was taken. You have the right to obtain a free copy of your consumer report by contacting the credit reporting agency, if you request it no later than 60 days after you receive this notice. You also have the right to dispute the accuracy or completeness of any information in your consumer report.
EQUAL CREDIT OPPORTUNITY ACT NOTICE
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning Bank of America, N.A., 100 N. Tryon Street, Charlotte, NC 28255, is the Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, DC 20006.
CREDIT SCORE DISCLOSURE
Your credit score, a FICO score, used by us in taking the above action is 807, which was created on April 09, 2020 and provided by a credit reporting agency, Trans Union, PO Box 1000, Chester, PA 19016-1000. Their phone number is 1.800.888.4213 and their website is
www.transunion.com/myoptions. The range of possible scores is 300 to 850. Your credit score is a number that reflects the information in your credit report. Your credit score can change, depending on how the information in your credit report changes.
The key factors that adversely affected your credit score are:
Proportion of loan balances to loan amounts is too high
Too many accounts with balances
Too many inquiries last 12 months
Length of time revolving accounts have been established
Please note that these factors relate only to your credit score. The reason(s) for our credit decision are given separately at the beginning of this letter. If you have questions regarding your credit score or the factors affecting the score, please contact Trans Union, PO Box 1000, Chester, PA 19016-1000. Their phone number is 1.800.888.4213 and their website is www.transunion.com/myoptions.
Thanks. do you only have one CC with them?SO what did the latter exactly say?Quote from: BoA buttholesCredit card ending in: XXXX
Frugalnacho:
Unfortunately, we've made the decision to close your credit card. Here's what you need to know.
We carefully reviewed your account history, credit report(s) provided by the credit reporting agency(ies) listed below and current economic and loss trends. We also considered your relationship with us and, unfortunately, we had to close your account because of the following reason(s):
Irregular authorized user activity on one or more of your accounts
You'll also find important information on Page 2 in the Equal Credit Opportunity Act Notice.
Things you need to do
Keep making your monthly payments. You'll continue to get a monthly statement until your account balance is paid in full. You can still use Mobile and Online Banking to see your account and make your payments.
Cancel any recurring payments. Contact any businesses that are billing your account to cancel the payments and make other payment arrangements. This will help you avoid fees or service interruptions.
Destroy any credit cards and cash advance checks associated with this account. We won't process any more transactions on this account.
Make other arrangements for overdraft protection. If your account is enrolled in overdraft protection, it can no longer be used to provide this service.
We're here to help
We want you to be financially successful. Learn more about understanding credit in the enclosed brochure and on our Better Money Habits website, which provides tools and information to help you manage your money. We hope you'll check it out at
bettermoneyhabits.com/healthycredit.
Let us know if you have any questions about this decision by writing to us at Bank of America, PO Box 982235, El Paso, TX 79998-2235.
Want to know more about your credit?
Since you have the right to a free copy of your credit report, we recommend you start there to get the best understanding.
Trans Union, PO Box 1000, Chester, PA 19016-1000. Their phone
number is 1.800.888.4213 and their website is
www.transunion.com/myoptions
The Fair Credit Reporting Act Notice on page 2 provides details about your right to know the information in your credit report.
Please see the important disclosures on the next page
FAIR CREDIT REPORTING ACT NOTICE
The credit reporting agency indicated in this letter did not make the decision to take adverse action and is unable to provide you with the specific reasons why this action was taken. You have the right to obtain a free copy of your consumer report by contacting the credit reporting agency, if you request it no later than 60 days after you receive this notice. You also have the right to dispute the accuracy or completeness of any information in your consumer report.
EQUAL CREDIT OPPORTUNITY ACT NOTICE
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning Bank of America, N.A., 100 N. Tryon Street, Charlotte, NC 28255, is the Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, DC 20006.
CREDIT SCORE DISCLOSURE
Your credit score, a FICO score, used by us in taking the above action is 807, which was created on April 09, 2020 and provided by a credit reporting agency, Trans Union, PO Box 1000, Chester, PA 19016-1000. Their phone number is 1.800.888.4213 and their website is
www.transunion.com/myoptions. The range of possible scores is 300 to 850. Your credit score is a number that reflects the information in your credit report. Your credit score can change, depending on how the information in your credit report changes.
The key factors that adversely affected your credit score are:
Proportion of loan balances to loan amounts is too high
Too many accounts with balances
Too many inquiries last 12 months
Length of time revolving accounts have been established
Please note that these factors relate only to your credit score. The reason(s) for our credit decision are given separately at the beginning of this letter. If you have questions regarding your credit score or the factors affecting the score, please contact Trans Union, PO Box 1000, Chester, PA 19016-1000. Their phone number is 1.800.888.4213 and their website is www.transunion.com/myoptions.
Yes that was my only account with them.I'm wondering if you have more than one CC if they close them all or just the one that had AUs
Yes that was my only account with them.I'm wondering if you have more than one CC if they close them all or just the one that had AUs
Thanks, good to know!Yes that was my only account with them.I'm wondering if you have more than one CC if they close them all or just the one that had AUs
They only close the accounts in question.
Data point: In 2017, I had 3 CCs with them, 2 used for selling tradelines. Both of those were shut down, my last CC wasn't. I have since opened 2 more CCs with BofA, back up to 3 total. I'm letting them season to drop them back into the AU game soon.
So:
- Bofa only closes the AU cards.
- They don't blacklist you from applying for new cards afterwards.
Yes that was my only account with them.I'm wondering if you have more than one CC if they close them all or just the one that had AUs
They only close the accounts in question.
Data point: In 2017, I had 3 CCs with them, 2 used for selling tradelines. Both of those were shut down, my last CC wasn't. I have since opened 2 more CCs with BofA, back up to 3 total. I'm letting them season to drop them back into the AU game soon.
So:
- Bofa only closes the AU cards.
- They don't blacklist you from applying for new cards afterwards.
I have 4 AU adds that just popped up today with the New Company. It is the same two people, twice. They both are to be added on a Barclay card and also on a Discover card. Both people have an identical address, and when I google it, it is a UPS store. Should I be concerned at all by doing these adds?My first guess would be that it is likely a couple (unmarried or married without name change) looking to improve credit scores for both of them in advance of a joint major purchase. If they are approaching the purchase with similar credit and need their combined income to qualify for the loan, it could make sense to purchase the same tradeline slots for both of them. No harm in asking the TL company to make sure it is OK though.
RE Bank of America I had two newish cards with them, say a year old each. I used both for trade lines and was shut down after a few months. They shut both cards that had tradelines on them. I may have added 3 ton4 on each card. I have not applied for another card again, it has been 2.5 years.I was advised to never use more than one card for trade lines from the same bank
That is interesting about not using the same bank cards, could be an important data point regarding shutdowns that’s missing.
That is interesting about not using the same bank cards, could be an important data point regarding shutdowns that’s missing.I believe that's in the old company's instructions.
Currently I have been using only one card per bank and have not been shut down in years. I have had to answer to fraud department a few times with TD bank and discover. But I continue to add tradelines up until the recommended amount. Discover 2or 3 users at a time. Barclays up to 5, Citibank up to 3, Capital One 2 maybe 3 max.
That is interesting about not using the same bank cards, could be an important data point regarding shutdowns that’s missing.
Currently I have been using only one card per bank and have not been shut down in years. I have had to answer to fraud department a few times with TD bank and discover. But I continue to add tradelines up until the recommended amount. Discover 2or 3 users at a time. Barclays up to 5, Citibank up to 3, Capital One 2 maybe 3 max.
I love Barclays they are so laid back. My next card is a 2 year old Barclays, I feel that I am coming to the plateau of AU, that I can add to my old Barclays, so I hope you are right and I can chug along with the newer card when the inevitable 30 or 35 user endpoint arrives. I wonder if Discover has something similar?Barclays is the best. So easy to add and remove AU's. Exactly zero issues to this point. I've got one BofA card and had I think 3 or 4 spots sold last year, so not a lot. Still up and running. My highest value card is USAA but I cringe every time I get an AU add with them.
Any tips on credit line increase requests with Barclays? I tried to increase my credit line a few months ago but they declined and said that I already had enough between 3 or 4 cards I had with them at the time.
Any tips on credit line increase requests with Barclays? I tried to increase my credit line a few months ago but they declined and said that I already had enough between 3 or 4 cards I had with them at the time.
Probably not helpful but I have found over many years that Barclays is very conservative with credit limits. I think they also do a hard pull if you request the increase. May not be worth the hard pull.
I was just looking through the Barclay offerings yesterday. My spouse and I both fell back under 5/24 and hit the Chase cards pretty hard for a bit. I am thinking long(er) term for selling tradelines. We have a couple Barclaycards in the system that sell routinely. I see Barclays has quite a few offerings. Wondering if they all will work for tradelines? Honestly I don't know that I can get any use from any of the sign up bonuses. Already have the Arrival and Aviator cards.Any tips on credit line increase requests with Barclays? I tried to increase my credit line a few months ago but they declined and said that I already had enough between 3 or 4 cards I had with them at the time.
Probably not helpful but I have found over many years that Barclays is very conservative with credit limits. I think they also do a hard pull if you request the increase. May not be worth the hard pull.
My experience with Barclays: they wouldn't approve more than 4 cards at any one time for me or my wife. Our total credit limit is identical across all of our cards ($42,000 each), so I'm guessing they peg that to a percentage of your total self reported income (in our case 28%). If you want a higher limit, you can always update your income information and then make the request. No guarantees this will work, but if you are going to risk the hard inquiry (can confirm) it would be worth doing.
My wife and I also recently hit the limit of AU on one card each. I added them up and it was 30 users on each card. Once I get notification to remove the final user on each of those accounts, I will be closing them and applying for another card. Barclays is by far the best issuer for selling tradelines. I have offered (and sold) as many as six slots with each of my cards and have had exactly ZERO issues. If you're just getting into the credit card churning game, there are better cards to get for the sign up bonus (though Barclays does have some decent ones). But if you're looking to get into the tradeline sales game, Barclays is the way to go, hands down. I have made just under $10,000 over the past 4 years on just those cards alone. The rest of my cards barely total $3,000 and are much more painful for adds, removals, or both.
With the new company how long does it take for the AU to post? I added an AU in March and it still showing as pending on their portal.
I was just looking through the Barclay offerings yesterday. My spouse and I both fell back under 5/24 and hit the Chase cards pretty hard for a bit. I am thinking long(er) term for selling tradelines. We have a couple Barclaycards in the system that sell routinely. I see Barclays has quite a few offerings. Wondering if they all will work for tradelines? Honestly I don't know that I can get any use from any of the sign up bonuses. Already have the Arrival and Aviator cards.Any tips on credit line increase requests with Barclays? I tried to increase my credit line a few months ago but they declined and said that I already had enough between 3 or 4 cards I had with them at the time.
Probably not helpful but I have found over many years that Barclays is very conservative with credit limits. I think they also do a hard pull if you request the increase. May not be worth the hard pull.
My experience with Barclays: they wouldn't approve more than 4 cards at any one time for me or my wife. Our total credit limit is identical across all of our cards ($42,000 each), so I'm guessing they peg that to a percentage of your total self reported income (in our case 28%). If you want a higher limit, you can always update your income information and then make the request. No guarantees this will work, but if you are going to risk the hard inquiry (can confirm) it would be worth doing.
My wife and I also recently hit the limit of AU on one card each. I added them up and it was 30 users on each card. Once I get notification to remove the final user on each of those accounts, I will be closing them and applying for another card. Barclays is by far the best issuer for selling tradelines. I have offered (and sold) as many as six slots with each of my cards and have had exactly ZERO issues. If you're just getting into the credit card churning game, there are better cards to get for the sign up bonus (though Barclays does have some decent ones). But if you're looking to get into the tradeline sales game, Barclays is the way to go, hands down. I have made just under $10,000 over the past 4 years on just those cards alone. The rest of my cards barely total $3,000 and are much more painful for adds, removals, or both.
I was just looking through the Barclay offerings yesterday. My spouse and I both fell back under 5/24 and hit the Chase cards pretty hard for a bit. I am thinking long(er) term for selling tradelines. We have a couple Barclaycards in the system that sell routinely. I see Barclays has quite a few offerings. Wondering if they all will work for tradelines? Honestly I don't know that I can get any use from any of the sign up bonuses. Already have the Arrival and Aviator cards.Any tips on credit line increase requests with Barclays? I tried to increase my credit line a few months ago but they declined and said that I already had enough between 3 or 4 cards I had with them at the time.
Probably not helpful but I have found over many years that Barclays is very conservative with credit limits. I think they also do a hard pull if you request the increase. May not be worth the hard pull.
My experience with Barclays: they wouldn't approve more than 4 cards at any one time for me or my wife. Our total credit limit is identical across all of our cards ($42,000 each), so I'm guessing they peg that to a percentage of your total self reported income (in our case 28%). If you want a higher limit, you can always update your income information and then make the request. No guarantees this will work, but if you are going to risk the hard inquiry (can confirm) it would be worth doing.
My wife and I also recently hit the limit of AU on one card each. I added them up and it was 30 users on each card. Once I get notification to remove the final user on each of those accounts, I will be closing them and applying for another card. Barclays is by far the best issuer for selling tradelines. I have offered (and sold) as many as six slots with each of my cards and have had exactly ZERO issues. If you're just getting into the credit card churning game, there are better cards to get for the sign up bonus (though Barclays does have some decent ones). But if you're looking to get into the tradeline sales game, Barclays is the way to go, hands down. I have made just under $10,000 over the past 4 years on just those cards alone. The rest of my cards barely total $3,000 and are much more painful for adds, removals, or both.
I've opened several of their cards with little regard to the bonuses. The Uber card initially offered $100 cash back, but then changed it to $100 Uber Cash (which I have no use for). As far as I know they should all work for selling tradelines. If you're opening it for that specific purpose I would stick to the ones with no annual fee.
I was just looking through the Barclay offerings yesterday. My spouse and I both fell back under 5/24 and hit the Chase cards pretty hard for a bit. I am thinking long(er) term for selling tradelines. We have a couple Barclaycards in the system that sell routinely. I see Barclays has quite a few offerings. Wondering if they all will work for tradelines? Honestly I don't know that I can get any use from any of the sign up bonuses. Already have the Arrival and Aviator cards.Any tips on credit line increase requests with Barclays? I tried to increase my credit line a few months ago but they declined and said that I already had enough between 3 or 4 cards I had with them at the time.
Probably not helpful but I have found over many years that Barclays is very conservative with credit limits. I think they also do a hard pull if you request the increase. May not be worth the hard pull.
My experience with Barclays: they wouldn't approve more than 4 cards at any one time for me or my wife. Our total credit limit is identical across all of our cards ($42,000 each), so I'm guessing they peg that to a percentage of your total self reported income (in our case 28%). If you want a higher limit, you can always update your income information and then make the request. No guarantees this will work, but if you are going to risk the hard inquiry (can confirm) it would be worth doing.
My wife and I also recently hit the limit of AU on one card each. I added them up and it was 30 users on each card. Once I get notification to remove the final user on each of those accounts, I will be closing them and applying for another card. Barclays is by far the best issuer for selling tradelines. I have offered (and sold) as many as six slots with each of my cards and have had exactly ZERO issues. If you're just getting into the credit card churning game, there are better cards to get for the sign up bonus (though Barclays does have some decent ones). But if you're looking to get into the tradeline sales game, Barclays is the way to go, hands down. I have made just under $10,000 over the past 4 years on just those cards alone. The rest of my cards barely total $3,000 and are much more painful for adds, removals, or both.
I've opened several of their cards with little regard to the bonuses. The Uber card initially offered $100 cash back, but then changed it to $100 Uber Cash (which I have no use for). As far as I know they should all work for selling tradelines. If you're opening it for that specific purpose I would stick to the ones with no annual fee.
I have the Arrival card which provided a pretty nice bonus but when I looked at the rest of their cards none really made sense to me. I don't plan on flying anywhere for a while, and if I did it would probably not be with any of the airlines they have cards for. I've got a 15k limit on the Arrival card. When you opened additional accounts did they provide you with a similar limit to the ones you already had? If I'm going to open a new CC a few hundred dollars in signup bonus now seems a better deal than being able to sell tradelines in a year or two - and maybe not getting any sales with a new or lower limit card. I added one newer card with the old company when they were accepting those about six months ago and nothing yet. I guess in a year or two after the recession there will probably be an uptick in people looking to fix their credit. So maybe now is the time to start seasoning some cards.
Hey Michael. I think that cards added at the old company can take 6 months to start to get AUs but then they'll become pretty regular. I've got a bunch of new/low limit ones with them from the first time they did it and one from 6 months ago. The first round ones get 2 AUs every period (2 months) and the newest add got it's first AU this week.
Even a $500 bonus now pales in comparison to thousands in potential tradeline sales with another Barclaycard. I have opened BofA and other cards over the last year or so for bonuses and future tradeline sales. Since we can't travel we have a backlog of miles and points that we keep piling on. I might just go ahead and open a couple more Barclaycards and sock drawer them for now.
Just had my bank of america account shut down for irregular AU activity. My wife just got the letter at home and I'm at work, so I haven't read it yet. Bummer, that was an old ass account with high limits.
I've got an easy way to manufacture spending for an investment account so I can easily hit whatever sign-up bonus there might be then just let it season.I'm intrigued?
I've got an easy way to manufacture spending for an investment account so I can easily hit whatever sign-up bonus there might be then just let it season.I'm intrigued?
I've got an easy way to manufacture spending for an investment account so I can easily hit whatever sign-up bonus there might be then just let it season.I'm intrigued?
Link in my signature. More information here: https://forum.mrmoneymustache.com/reader-recommendations/kickfurther-earn-20-annualized-returns/
You can fund inventory purchases with a credit card for eCommerce businesses that offer annualized returns in the 15-25% range. Up until a couple of months ago the default rate was pretty low. The risk profile has certainly changed since then but there's still a lot of solid companies offering 3-9 month investments to fund their inventory purchases. You pay a 1.5% fee when you withdraw the money but if you get some credit card rewards that will essentially negate that - plus you would have earned some interest on the money you invested.
I've got about $10k spread across 20 deals or so. 5-10 have completed and paid out, a few are struggling, the rest are paying out on time or haven't started paying out yet but will start in the next few months.
I have one Barclay's card (no annual fee) and I'm thinking of applying for more, since you guys are praising their cards so much, but I'm afraid this will drag my credit card history down. How much does it matter?
do the extra credit pulls do much damage with a 800+ score? I'm considering regularly opening new lines to start them seasoning, so even if a few cards get shut down in the future, I'll always have a pipeline of new seasoned cards ready to go.
My credit score is right around 800 and I have 4 cards now with about $50k in available credit. HH Income is a bit over $100k now but will drop back to around $90k in several months. One of those cards is about 10 years old, another around 20, and the last two are only about a year old.
Is there a rule of thumb about how much available credit before you start getting rejected for new cards or credit limit increases? I.e. 100% of HH income, 150%? I have no other debt, no mortgage, paid off student loans and last car loan years ago.
I'm generally averse to debt but at some point in the next five years I'll be buying a house so a strong credit score will obviously help with that. I'm also planning to buy a business in the next few years so the bank and SBA will be looking at my personal credit as well. However, in the short term if I open up a few new cards and my score drops 30-40 points it doesn't matter.
My credit score is right around 800 and I have 4 cards now with about $50k in available credit. HH Income is a bit over $100k now but will drop back to around $90k in several months. One of those cards is about 10 years old, another around 20, and the last two are only about a year old.
Is there a rule of thumb about how much available credit before you start getting rejected for new cards or credit limit increases? I.e. 100% of HH income, 150%? I have no other debt, no mortgage, paid off student loans and last car loan years ago.
I'm generally averse to debt but at some point in the next five years I'll be buying a house so a strong credit score will obviously help with that. I'm also planning to buy a business in the next few years so the bank and SBA will be looking at my personal credit as well. However, in the short term if I open up a few new cards and my score drops 30-40 points it doesn't matter.
It's not really very well known. I'm over 400% currently. Very roughly speaking, the major issuers will all issue you somewhere around 1x HHI across all your cards with them, so if you hit them all up, you could probably easily get to 4x to 5x.
With an 800 credit score, you shouldn't have to worry about getting a mortgage with the best rate AFAIK.
@arebelspy, not sure if you want to suggest keeping this thread just about piggybacking, or if general credit questions like this are OK. (If I were king I'd make a separate thread, but I'm not. :) )
P.S. The NFL card used to do a decent bonus for minimal spend. You could get that or another one and let it age for 2 years.That's the card I was looking at. I have 4 future TL cards in the sock drawer right now that I am letting age. They were nice big sign up bonuses (BofA, CapOne etc.). I am going to have to decide if I want to bite the bullet on some of these non bonus/smaller bonus Barclaycards. Decisions decisions.
@arebelspy, not sure if you want to suggest keeping this thread just about piggybacking, or if general credit questions like this are OK. (If I were king I'd make a separate thread, but I'm not. :) )
I'll go on a little tangent too. Has anyone looked into applying for EIDL (Economic Injury Disaster Loan) provided by the Small Business Administration based on their TL business income? Last year, I had a few thousand dollars of business income (1099) based on my TL sales. I also had a W2 job which was my main source of income. This year, my TL sales slowed down and pretty much stopped in March. As far as I know, sole props may qualify for $1000 EIDL grant per employee (including the owner) even if they are not registered as companies or have additional employees. I don't know all the details and obviously don't want to apply for something I'm not entitled to.I've looked into it. I have an actual side business as well (carpentry work) that brings in some decent income. Obviously that isn't happening with the stay at home orders. But since we are perfectly fine financially I decided there are far more folks out there who actually need the money. I just wouldn't feel right.
Link to SBA web site:
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance#section-header-4
Even a $500 bonus now pales in comparison to thousands in potential tradeline sales with another Barclaycard. I have opened BofA and other cards over the last year or so for bonuses and future tradeline sales. Since we can't travel we have a backlog of miles and points that we keep piling on. I might just go ahead and open a couple more Barclaycards and sock drawer them for now.
I've been averaging around 8.5k yearly. My year over year sales have been pretty stable over the past 3 years.
It's YMMV of course. This year has been great so far. Got 2 more adds today in fact. Last year wasn't bad. First couple years were much slower. But I also have more cards in the system now. As I said earlier my spouse and I both fell back under 5/24 and hit Chase cards pretty hard. First business then personal. Now that we are both back over 5/24 we have opened a couple other good bonus cards that will be used for future tradelines. If they don't pan out, then we still got good bonuses with them. That is the route we have taken FWIW.I've been averaging around 8.5k yearly. My year over year sales have been pretty stable over the past 3 years.
But what are the age & limits of your cards? Are you making that much with cards that are a couple years old, or does the bulk come from cards 10+ years old?
I certainly plan to do some other cards once I get all I want out of Chase, but I have a difficult time justifying foregoing great bonuses that can only be earned when under 5/24.
I've been averaging around 8.5k yearly. My year over year sales have been pretty stable over the past 3 years.
But what are the age & limits of your cards? Are you making that much with cards that are a couple years old, or does the bulk come from cards 10+ years old?
I certainly plan to do some other cards once I get all I want out of Chase, but I have a difficult time justifying foregoing great bonuses that can only be earned when under 5/24.
My first tradeline sale!
I added a Barclay's card with the old company a few days ago and just got a sale. It's a newer card so only $50. But I just got hit with the first $89 annual fee so this will take care of half that. Meanwhile the Capital One card I added six months ago when they were taking newer cards hasn't done anything yet. The removal date is three months from now in August so I wonder if that's changed from the 2-month cycle that was originally posted.
My first tradeline sale!
I added a Barclay's card with the old company a few days ago and just got a sale. It's a newer card so only $50. But I just got hit with the first $89 annual fee so this will take care of half that. Meanwhile the Capital One card I added six months ago when they were taking newer cards hasn't done anything yet. The removal date is three months from now in August so I wonder if that's changed from the 2-month cycle that was originally posted.
I very rarely pay an annual fee, especially on a card that is already a year old. And by rarely I actually mean never thus far, now that I think about it. Almost always the benefits are not worth the annual fee in years 2-N.
Have you considered downgrading? Most cards have downgrade-to-$0-annual-fee options, and you'll still keep the same credit line and limit and age on your credit report. Sometimes the account number even stays the same.
Anyway, consider downgrading. And if you don't downgrade and report your TL sales on Schedule C, don't forget to deduct the $89. :)
I just asked Barclays for credit line increase and that dropped my credit score (Transunion) by 2 points. Is that a lot? Currently credit karma reports my score as 785 (Transunion) and 800 (Equifax).I have one Barclay's card (no annual fee) and I'm thinking of applying for more, since you guys are praising their cards so much, but I'm afraid this will drag my credit card history down. How much does it matter?
If your score is good now, I would say minimal. It will reduce your average age of accounts a bit. If you have a decent avg age now (older cards basically), then I really wouldn't worry about it.
If you post some more info, I am sure more specific advice can be given (if you like).
P.S. The NFL card used to do a decent bonus for minimal spend. You could get that or another one and let it age for 2 years.
I just asked Barclays for credit line increase and that dropped my credit score (Transunion) by 2 points. Is that a lot? Currently credit karma reports my score as 785 (Transunion) and 800 (Equifax).I have one Barclay's card (no annual fee) and I'm thinking of applying for more, since you guys are praising their cards so much, but I'm afraid this will drag my credit card history down. How much does it matter?
If your score is good now, I would say minimal. It will reduce your average age of accounts a bit. If you have a decent avg age now (older cards basically), then I really wouldn't worry about it.
If you post some more info, I am sure more specific advice can be given (if you like).
P.S. The NFL card used to do a decent bonus for minimal spend. You could get that or another one and let it age for 2 years.
If I don't ever plan to take out a loan, does any of this matter? When I apply for a cc, do they look at my score when deciding how much creditline to give me?
Ouch, I know a lot of folks prefer the cashback option. Barclays is P2's main spend card because of the 2X points on everything. We stay in cabins and an occasional Airbnb so Barclays comes in handy for wiping out those travel charges.My first tradeline sale!
I added a Barclay's card with the old company a few days ago and just got a sale. It's a newer card so only $50. But I just got hit with the first $89 annual fee so this will take care of half that. Meanwhile the Capital One card I added six months ago when they were taking newer cards hasn't done anything yet. The removal date is three months from now in August so I wonder if that's changed from the 2-month cycle that was originally posted.
I very rarely pay an annual fee, especially on a card that is already a year old. And by rarely I actually mean never thus far, now that I think about it. Almost always the benefits are not worth the annual fee in years 2-N.
Have you considered downgrading? Most cards have downgrade-to-$0-annual-fee options, and you'll still keep the same credit line and limit and age on your credit report. Sometimes the account number even stays the same.
Anyway, consider downgrading. And if you don't downgrade and report your TL sales on Schedule C, don't forget to deduct the $89. :)
So I just called to try and downgrade (15 minutes on hold, not too bad) but the representative said there is no longer a free option available. I guess the Barclay Arrival has been discontinued. But she did inform me I could use 8,000 points to pay for the annual fee. Of course as luck would have it I just used 15,000 of my 17,000 points as a $75 cash back statement credit about three hours ago. And of course that is non-reversible. So I basically wasted about 10,000 points by not calling first. Well I just need to get a couple more sales this year to make up for it. By next year I should be getting $175 per spot too.
ThanksI just asked Barclays for credit line increase and that dropped my credit score (Transunion) by 2 points. Is that a lot? Currently credit karma reports my score as 785 (Transunion) and 800 (Equifax).I have one Barclay's card (no annual fee) and I'm thinking of applying for more, since you guys are praising their cards so much, but I'm afraid this will drag my credit card history down. How much does it matter?
If your score is good now, I would say minimal. It will reduce your average age of accounts a bit. If you have a decent avg age now (older cards basically), then I really wouldn't worry about it.
If you post some more info, I am sure more specific advice can be given (if you like).
P.S. The NFL card used to do a decent bonus for minimal spend. You could get that or another one and let it age for 2 years.
If I don't ever plan to take out a loan, does any of this matter? When I apply for a cc, do they look at my score when deciding how much creditline to give me?
When you are talking scores around 800, 2 points is pocket change. Nothing to worry about. My score fluctuates 15-20 points in any given year but still stays around 800.
I'm curious, is it better to have one credit card with with higher creditline or two or more with lower creditlines from the same bank?If you are talking about tradelines, then that would depend. For instance between my spouse and I we have 4 Barclaycards in the system. But I only have 1 USAA card because it's far more prone to getting shut down.
Yes, for tradelines. I'm thinking of another Barclay's card. But does Barclay's look at how many cards you already have with them to determine the amount of credit line to give you. For example, with BofA I applied for a new card, this was my second. Then I asked for a credit increase on the first card and they said they couldn't increase it because I just got a new card.I'm curious, is it better to have one credit card with with higher creditline or two or more with lower creditlines from the same bank?If you are talking about tradelines, then that would depend. For instance between my spouse and I we have 4 Barclaycards in the system. But I only have 1 USAA card because it's far more prone to getting shut down.
Ouch, I know a lot of folks prefer the cashback option. Barclays is P2's main spend card because of the 2X points on everything. We stay in cabins and an occasional Airbnb so Barclays comes in handy for wiping out those travel charges.My first tradeline sale!
I added a Barclay's card with the old company a few days ago and just got a sale. It's a newer card so only $50. But I just got hit with the first $89 annual fee so this will take care of half that. Meanwhile the Capital One card I added six months ago when they were taking newer cards hasn't done anything yet. The removal date is three months from now in August so I wonder if that's changed from the 2-month cycle that was originally posted.
I very rarely pay an annual fee, especially on a card that is already a year old. And by rarely I actually mean never thus far, now that I think about it. Almost always the benefits are not worth the annual fee in years 2-N.
Have you considered downgrading? Most cards have downgrade-to-$0-annual-fee options, and you'll still keep the same credit line and limit and age on your credit report. Sometimes the account number even stays the same.
Anyway, consider downgrading. And if you don't downgrade and report your TL sales on Schedule C, don't forget to deduct the $89. :)
So I just called to try and downgrade (15 minutes on hold, not too bad) but the representative said there is no longer a free option available. I guess the Barclay Arrival has been discontinued. But she did inform me I could use 8,000 points to pay for the annual fee. Of course as luck would have it I just used 15,000 of my 17,000 points as a $75 cash back statement credit about three hours ago. And of course that is non-reversible. So I basically wasted about 10,000 points by not calling first. Well I just need to get a couple more sales this year to make up for it. By next year I should be getting $175 per spot too.
I haven't heard of any shutdowns with Barclays. There is of course always that possibility.Ouch, I know a lot of folks prefer the cashback option. Barclays is P2's main spend card because of the 2X points on everything. We stay in cabins and an occasional Airbnb so Barclays comes in handy for wiping out those travel charges.My first tradeline sale!
I added a Barclay's card with the old company a few days ago and just got a sale. It's a newer card so only $50. But I just got hit with the first $89 annual fee so this will take care of half that. Meanwhile the Capital One card I added six months ago when they were taking newer cards hasn't done anything yet. The removal date is three months from now in August so I wonder if that's changed from the 2-month cycle that was originally posted.
I very rarely pay an annual fee, especially on a card that is already a year old. And by rarely I actually mean never thus far, now that I think about it. Almost always the benefits are not worth the annual fee in years 2-N.
Have you considered downgrading? Most cards have downgrade-to-$0-annual-fee options, and you'll still keep the same credit line and limit and age on your credit report. Sometimes the account number even stays the same.
Anyway, consider downgrading. And if you don't downgrade and report your TL sales on Schedule C, don't forget to deduct the $89. :)
So I just called to try and downgrade (15 minutes on hold, not too bad) but the representative said there is no longer a free option available. I guess the Barclay Arrival has been discontinued. But she did inform me I could use 8,000 points to pay for the annual fee. Of course as luck would have it I just used 15,000 of my 17,000 points as a $75 cash back statement credit about three hours ago. And of course that is non-reversible. So I basically wasted about 10,000 points by not calling first. Well I just need to get a couple more sales this year to make up for it. By next year I should be getting $175 per spot too.
I had planned some travel but that's obviously on hold for a while. I figured now that this card was at risk of being shut down I didn't want to keep a balance on my reward points.
I haven't heard of any shutdowns with Barclays. There is of course always that possibility.
Premium Rewards? Got one for my spouse last year and one for me earlier this year. Already collected the bonuses and sitting in the sock drawer. This is why I haven't made the plunge into the other Barclay products. Some good sign up bonuses on other future tradeline cards.I haven't heard of any shutdowns with Barclays. There is of course always that possibility.
I figure better safe than sorry. No reason to keep building up those reward points if the primary use has now switched to tradeline sales.
I just applied for a Bank of America card with a $500 sign-up bonus. I figure I'll claim that, get the statement credit, and then start seasoning it for tradeline sales. Probably add a second Barclays card as well. So far their online interface has been very easy with the two I've added. Same with requesting a credit increase. No sitting on hold and talking to someone. Just fill out a quick form and get an email an hour or two later with the decision.
Does anyone get AU that have multiple last names? The last several for me have had 2 last names and no middle name. It's not hyphenated, it's two separate names, and based on the first name I'm sure it's a male. Is this a thing in mexican culture?
Does anyone get AU that have multiple last names? The last several for me have had 2 last names and no middle name. It's not hyphenated, it's two separate names, and based on the first name I'm sure it's a male. Is this a thing in mexican culture?
I just received one with two last names as well.Does anyone get AU that have multiple last names? The last several for me have had 2 last names and no middle name. It's not hyphenated, it's two separate names, and based on the first name I'm sure it's a male. Is this a thing in mexican culture?
Yes and yes, but in my case I believe the name was Asian in origin.
I just received one with two last names as well.Does anyone get AU that have multiple last names? The last several for me have had 2 last names and no middle name. It's not hyphenated, it's two separate names, and based on the first name I'm sure it's a male. Is this a thing in mexican culture?
Yes and yes, but in my case I believe the name was Asian in origin.
That surnaming convention is the norm in Spain and in most hispanic countries in the americas. You take a paternal and maternal surname from your respective parents. There is no dash and it's not combined into a longer surname. Those are attempts to convert those last names into the american conventions.
If you are male, you pass on your paternal surname, and if female, you pass on your maternal surname.
I had a non-Chase card pass the 1 year mark, so I sent the new company an email to see what their minimums were. $20k limit AND 10 years old. I guess I'll check back in another year or two.I canceled a Capital One card about 3 years ago because they lowered my CL and I was just pissed at them. Ha, whoops!
I'm still kicking myself for buying in to Dave Ramsey wholeheartedly ~5 years back and cancelling my cards.
An added perk of doing all these AUs is the mail that comes to "them". I seem to get Cap One and Discover offers for all of them. I also get collection agency letters for many of them. I laugh, opening either. If they include a paid return envelope, I stuff it with junk and mail it back.
PSA: I just received a letter in the mail from Barclay for one of my wife's accounts that we're seasoning that stated if she didn't use the card within 30 days they would be closing the account. I promptly added $5 to our Amazon account with it, then went and checked to see when the last statement balance was on it. Turns out it was right at a year ago, May 2019. I don't recall ever having this happen before with Barclay, so I don't know if this is new or if I've just always used all of our cards at least once a year, but I thought I would pass it along in case any of you have some sitting in your sock drawer collecting dust. I'm glad they at least sent a warning before just closing it - I've had that happen a few times in the past year from other issuers. Thankfully they were low limit cards I didn't really care about. At any rate, don't let your cards get cancelled folks!
PSA: I just received a letter in the mail from Barclay for one of my wife's accounts that we're seasoning that stated if she didn't use the card within 30 days they would be closing the account. I promptly added $5 to our Amazon account with it, then went and checked to see when the last statement balance was on it. Turns out it was right at a year ago, May 2019. I don't recall ever having this happen before with Barclay, so I don't know if this is new or if I've just always used all of our cards at least once a year, but I thought I would pass it along in case any of you have some sitting in your sock drawer collecting dust. I'm glad they at least sent a warning before just closing it - I've had that happen a few times in the past year from other issuers. Thankfully they were low limit cards I didn't really care about. At any rate, don't let your cards get cancelled folks!
I tried to get my barclay fee waived or downgrade it but spent hours on hold before they disconnected me. Secure message they said they couldn’t refund fees or downgrade and I have to call. Finally got through and they said they can’t. So I had to cancel
My gut tells me this is due to decreased call center staffing but I’m not going to pay an annual fee for a travel card when I can’t travel
That's pretty much the logic I am using to keep my Aviator card as well. I'll happily pay the annual fee in order to potentially make thousands in tradeline sales.PSA: I just received a letter in the mail from Barclay for one of my wife's accounts that we're seasoning that stated if she didn't use the card within 30 days they would be closing the account. I promptly added $5 to our Amazon account with it, then went and checked to see when the last statement balance was on it. Turns out it was right at a year ago, May 2019. I don't recall ever having this happen before with Barclay, so I don't know if this is new or if I've just always used all of our cards at least once a year, but I thought I would pass it along in case any of you have some sitting in your sock drawer collecting dust. I'm glad they at least sent a warning before just closing it - I've had that happen a few times in the past year from other issuers. Thankfully they were low limit cards I didn't really care about. At any rate, don't let your cards get cancelled folks!
I tried to get my barclay fee waived or downgrade it but spent hours on hold before they disconnected me. Secure message they said they couldn’t refund fees or downgrade and I have to call. Finally got through and they said they can’t. So I had to cancel
My gut tells me this is due to decreased call center staffing but I’m not going to pay an annual fee for a travel card when I can’t travel
Yeah, that really sucks. We just hit the limit on # of users on her Aaviator card and it just renewed with the fee. I waited until the last AU was removed then told them using Secure Message we wanted to close it and have the fee refunded. They at least did that, but we were cancelling the card off the bat. I don't blame you for not wanting to pay the fee if you can't travel. The only reason I justified the fee while using it for AU is that it made $125 per user and sold out consistently. Makes a $99 fee seem pretty insignificant!
Why not use free Barclay's card for that?That's pretty much the logic I am using to keep my Aviator card as well. I'll happily pay the annual fee in order to potentially make thousands in tradeline sales.PSA: I just received a letter in the mail from Barclay for one of my wife's accounts that we're seasoning that stated if she didn't use the card within 30 days they would be closing the account. I promptly added $5 to our Amazon account with it, then went and checked to see when the last statement balance was on it. Turns out it was right at a year ago, May 2019. I don't recall ever having this happen before with Barclay, so I don't know if this is new or if I've just always used all of our cards at least once a year, but I thought I would pass it along in case any of you have some sitting in your sock drawer collecting dust. I'm glad they at least sent a warning before just closing it - I've had that happen a few times in the past year from other issuers. Thankfully they were low limit cards I didn't really care about. At any rate, don't let your cards get cancelled folks!
I tried to get my barclay fee waived or downgrade it but spent hours on hold before they disconnected me. Secure message they said they couldn’t refund fees or downgrade and I have to call. Finally got through and they said they can’t. So I had to cancel
My gut tells me this is due to decreased call center staffing but I’m not going to pay an annual fee for a travel card when I can’t travel
Yeah, that really sucks. We just hit the limit on # of users on her Aaviator card and it just renewed with the fee. I waited until the last AU was removed then told them using Secure Message we wanted to close it and have the fee refunded. They at least did that, but we were cancelling the card off the bat. I don't blame you for not wanting to pay the fee if you can't travel. The only reason I justified the fee while using it for AU is that it made $125 per user and sold out consistently. Makes a $99 fee seem pretty insignificant!
The free cards don’t net me AA miles.Why not use free Barclay's card for that?That's pretty much the logic I am using to keep my Aviator card as well. I'll happily pay the annual fee in order to potentially make thousands in tradeline sales.PSA: I just received a letter in the mail from Barclay for one of my wife's accounts that we're seasoning that stated if she didn't use the card within 30 days they would be closing the account. I promptly added $5 to our Amazon account with it, then went and checked to see when the last statement balance was on it. Turns out it was right at a year ago, May 2019. I don't recall ever having this happen before with Barclay, so I don't know if this is new or if I've just always used all of our cards at least once a year, but I thought I would pass it along in case any of you have some sitting in your sock drawer collecting dust. I'm glad they at least sent a warning before just closing it - I've had that happen a few times in the past year from other issuers. Thankfully they were low limit cards I didn't really care about. At any rate, don't let your cards get cancelled folks!
I tried to get my barclay fee waived or downgrade it but spent hours on hold before they disconnected me. Secure message they said they couldn’t refund fees or downgrade and I have to call. Finally got through and they said they can’t. So I had to cancel
My gut tells me this is due to decreased call center staffing but I’m not going to pay an annual fee for a travel card when I can’t travel
Yeah, that really sucks. We just hit the limit on # of users on her Aaviator card and it just renewed with the fee. I waited until the last AU was removed then told them using Secure Message we wanted to close it and have the fee refunded. They at least did that, but we were cancelling the card off the bat. I don't blame you for not wanting to pay the fee if you can't travel. The only reason I justified the fee while using it for AU is that it made $125 per user and sold out consistently. Makes a $99 fee seem pretty insignificant!
Sometimes fee cards will get higher credit limits.I see.
OK, I thought it was just for tradelines.The free cards don’t net me AA miles.Why not use free Barclay's card for that?That's pretty much the logic I am using to keep my Aviator card as well. I'll happily pay the annual fee in order to potentially make thousands in tradeline sales.PSA: I just received a letter in the mail from Barclay for one of my wife's accounts that we're seasoning that stated if she didn't use the card within 30 days they would be closing the account. I promptly added $5 to our Amazon account with it, then went and checked to see when the last statement balance was on it. Turns out it was right at a year ago, May 2019. I don't recall ever having this happen before with Barclay, so I don't know if this is new or if I've just always used all of our cards at least once a year, but I thought I would pass it along in case any of you have some sitting in your sock drawer collecting dust. I'm glad they at least sent a warning before just closing it - I've had that happen a few times in the past year from other issuers. Thankfully they were low limit cards I didn't really care about. At any rate, don't let your cards get cancelled folks!
I tried to get my barclay fee waived or downgrade it but spent hours on hold before they disconnected me. Secure message they said they couldn’t refund fees or downgrade and I have to call. Finally got through and they said they can’t. So I had to cancel
My gut tells me this is due to decreased call center staffing but I’m not going to pay an annual fee for a travel card when I can’t travel
Yeah, that really sucks. We just hit the limit on # of users on her Aaviator card and it just renewed with the fee. I waited until the last AU was removed then told them using Secure Message we wanted to close it and have the fee refunded. They at least did that, but we were cancelling the card off the bat. I don't blame you for not wanting to pay the fee if you can't travel. The only reason I justified the fee while using it for AU is that it made $125 per user and sold out consistently. Makes a $99 fee seem pretty insignificant!
You can use Barclay cards for "low balance forgiveness". Go to Amazon, add 99 cents, wait for your statement closing and they forgive the 99 cents. If you sell no tradelines, it's a good way to keep the card active for free. Well, actually, they pay you 99 cents a month.Hmmm, I may have to throw Barclays in the mix as well then. USAA forgives 0.99 cents and Wells Fargo 1.99. I got in on the 12 month Hulu deal for $2/mo using my Wells Fargo. I basically pay 0.17 in taxes for Hulu every month and the rest is written off.
I just keep my credit cards with fees now, for a few reasons. I've had close to 20 cards across the companies, so I'm running out of no-fee credit cards to apply for. I deduct the fees as a business expense. And I figure a sub $100 dollar fee for >$1000 sales per year is good trade-off.
PSA: I just received a letter in the mail from Barclay for one of my wife's accounts that we're seasoning that stated if she didn't use the card within 30 days they would be closing the account. I promptly added $5 to our Amazon account with it, then went and checked to see when the last statement balance was on it. Turns out it was right at a year ago, May 2019. I don't recall ever having this happen before with Barclay, so I don't know if this is new or if I've just always used all of our cards at least once a year, but I thought I would pass it along in case any of you have some sitting in your sock drawer collecting dust. I'm glad they at least sent a warning before just closing it - I've had that happen a few times in the past year from other issuers. Thankfully they were low limit cards I didn't really care about. At any rate, don't let your cards get cancelled folks!
How many AU can you have on a card simultaneously? I have a citi with 2 slots in the portal that sell pretty regularly. My wife is also an AU on the and is listed as such in the portal. I already have the 2 slots filled, for a total of 3 current AU, and I just got a request to add another. Did they forget to tell me to remove the AU that has already posted? Should I go ahead and remove her before adding the new guy? Or just add the new guy anyway? I emailed the company, but probably won't get a response until tomorrow.
I want to get more cards for tradelines. I already have 2 BA that I'm using. I'm seasoning 2 Barclays cards and 2 Discover cards. What other cards would you guys recommend?More Barclaycards ( :
But if you use more than one card from the same bank and just keep adding AUs doesn't your chance of getting your cards cancelled go way up?I want to get more cards for tradelines. I already have 2 BA that I'm using. I'm seasoning 2 Barclays cards and 2 Discover cards. What other cards would you guys recommend?More Barclaycards ( :
Only have 1 CapOne card in the system but it has been very reliable and sells pretty frequently. It's an old card with a higher limit though.
I want to get more cards for tradelines. I already have 2 BA that I'm using. I'm seasoning 2 Barclays cards and 2 Discover cards. What other cards would you guys recommend?
But if you use more than one card from the same bank and just keep adding AUs doesn't your chance of getting your cards cancelled go way up?I want to get more cards for tradelines. I already have 2 BA that I'm using. I'm seasoning 2 Barclays cards and 2 Discover cards. What other cards would you guys recommend?More Barclaycards ( :
Only have 1 CapOne card in the system but it has been very reliable and sells pretty frequently. It's an old card with a higher limit though.
Not with Barclays. I have been with this thread from the get go and read the entire previous one and have not heard of anyone having a card shut down by Barclay. They truly don't give an f and allow the most user slots of any issuer that I know of. Maybe it's because they are a British company and not US based?
How many AU can you have on a card simultaneously? I have a citi with 2 slots in the portal that sell pretty regularly. My wife is also an AU on the and is listed as such in the portal. I already have the 2 slots filled, for a total of 3 current AU, and I just got a request to add another. Did they forget to tell me to remove the AU that has already posted? Should I go ahead and remove her before adding the new guy? Or just add the new guy anyway? I emailed the company, but probably won't get a response until tomorrow.
I want to get more cards for tradelines. I already have 2 BA that I'm using. I'm seasoning 2 Barclays cards and 2 Discover cards. What other cards would you guys recommend?
My favorites are Barclays, USBank, Capital One and Chase because I can add AUs online without the hassle of phone interaction. Of course Chase and Cap One are notorious for restricting your ability to be granted a new card with the famous Chase 5/24 and Cap One is even more stringent.
Oh I know they do, but they are based in the UK.
Not with Barclays. I have been with this thread from the get go and read the entire previous one and have not heard of anyone having a card shut down by Barclay. They truly don't give an f and allow the most user slots of any issuer that I know of. Maybe it's because they are a British company and not US based?
Barclays bank has a huge presence in the US, especially in NYC.
I want to get more cards for tradelines. I already have 2 BA that I'm using. I'm seasoning 2 Barclays cards and 2 Discover cards. What other cards would you guys recommend?
My favorites are Barclays, USBank, Capital One and Chase because I can add AUs online without the hassle of phone interaction. Of course Chase and Cap One are notorious for restricting your ability to be granted a new card with the famous Chase 5/24 and Cap One is even more stringent.
Are you currently selling tradelines with Chase? I never wanted to risk it with Chase because we have numerous cards with them and routinely collect tons of UR points. I haven't run into any issues landing CapOne cards but we haven't been churning as hard the last couple years. Ramping it back up this year though.
I think it's @Car Jack who is selling tradelines with US Bank. I don't have any US Bank cards. I looked into their cards a while back but none really appealed to me. May check them out again.I want to get more cards for tradelines. I already have 2 BA that I'm using. I'm seasoning 2 Barclays cards and 2 Discover cards. What other cards would you guys recommend?
My favorites are Barclays, USBank, Capital One and Chase because I can add AUs online without the hassle of phone interaction. Of course Chase and Cap One are notorious for restricting your ability to be granted a new card with the famous Chase 5/24 and Cap One is even more stringent.
Are you currently selling tradelines with Chase? I never wanted to risk it with Chase because we have numerous cards with them and routinely collect tons of UR points. I haven't run into any issues landing CapOne cards but we haven't been churning as hard the last couple years. Ramping it back up this year though.
I sold with both Chase and Capital One. Chase had pissed me off (don't remember why) so I decided it was worth the risk of card closure. I made $1,375 off of them before they closed all of my accounts. Good riddance as far as I'm concerned.
Capital One I made a little less than $1,000 from before they restricted my account. I waited a year and got the restriction removed, but now they've restricted my other account. Not really worth the hassle. I've never had any experience with US Bank, so would love to hear more about your experience with them @MasterStache . A big selling point for me is being able to remove users online as well. Adding them online is great, but if I have to call in for a removal it defeats the purpose of having online adding IMO.
catica, did the AU card come to your address?Yes, it came to my address. I have it in my hand. But why did I get fraud alerts referencing a debit card that I do not have? Weird, no?
I would call and freeze the account and tell them that your AU did not make those charges. I would then call company two and tell them. Keep us updated please, I have never heard of that happening.
I just filled up the last spot on my two cards with the old company. They're newer cards so only $25-50 each but that's still $150 in a couple of months and then I can do it all over again. The first card I added back in December and nothing until now. Then both spots sold back to back just before the statement closing date. The other card I added last month and both spots sold within a few days. I've got one more card to add, my Citibank Costco Visa. I just submitted a request to increase the limit and they instantly bumped it up from $8,500 to $11,500 (no credit check) so now it should be eligible.
I just filled up the last spot on my two cards with the old company. They're newer cards so only $25-50 each but that's still $150 in a couple of months and then I can do it all over again. The first card I added back in December and nothing until now. Then both spots sold back to back just before the statement closing date. The other card I added last month and both spots sold within a few days. I've got one more card to add, my Citibank Costco Visa. I just submitted a request to increase the limit and they instantly bumped it up from $8,500 to $11,500 (no credit check) so now it should be eligible.
You didn't mention what card issuer your two cards were with, but if they are with Barclay you are seriously selling yourself short by enrolling them while they pay out so low. There is a lifetime max of 25-35 (results vary, mine have all seem to hit at 30) authorized users you can add to their cards for some reason. By waiting to enroll them until they are seasoned, you'll make a lot more money in the long run. Now if you're talking about a different issuer, disregard this post.
I've got one more card to add, my Citibank Costco Visa.
Has anybody received court notices for their AUs? I received a notice letter for my previous AU sent to my home address. If I remember correctly, that AU wasn't in my state when I registered them a couple of years ago but they are being sued in my state now. A collection company is suing them for a couple of thousand bucks on behalf of one of the banks for credit card debt. They sent me a notice by regular and another one by certified mail which of course I didn't sign for. I used AU's address when registered them, not sure why whoever sues them think they live at my address.
Is the max lifetime per Barclay card or for all of your Barclay cards?I just filled up the last spot on my two cards with the old company. They're newer cards so only $25-50 each but that's still $150 in a couple of months and then I can do it all over again. The first card I added back in December and nothing until now. Then both spots sold back to back just before the statement closing date. The other card I added last month and both spots sold within a few days. I've got one more card to add, my Citibank Costco Visa. I just submitted a request to increase the limit and they instantly bumped it up from $8,500 to $11,500 (no credit check) so now it should be eligible.
You didn't mention what card issuer your two cards were with, but if they are with Barclay you are seriously selling yourself short by enrolling them while they pay out so low. There is a lifetime max of 25-35 (results vary, mine have all seem to hit at 30) authorized users you can add to their cards for some reason. By waiting to enroll them until they are seasoned, you'll make a lot more money in the long run. Now if you're talking about a different issuer, disregard this post.
No it's for each card.Is the max lifetime per Barclay card or for all of your Barclay cards?I just filled up the last spot on my two cards with the old company. They're newer cards so only $25-50 each but that's still $150 in a couple of months and then I can do it all over again. The first card I added back in December and nothing until now. Then both spots sold back to back just before the statement closing date. The other card I added last month and both spots sold within a few days. I've got one more card to add, my Citibank Costco Visa. I just submitted a request to increase the limit and they instantly bumped it up from $8,500 to $11,500 (no credit check) so now it should be eligible.
You didn't mention what card issuer your two cards were with, but if they are with Barclay you are seriously selling yourself short by enrolling them while they pay out so low. There is a lifetime max of 25-35 (results vary, mine have all seem to hit at 30) authorized users you can add to their cards for some reason. By waiting to enroll them until they are seasoned, you'll make a lot more money in the long run. Now if you're talking about a different issuer, disregard this post.
OK, good, thanksNo it's for each card.Is the max lifetime per Barclay card or for all of your Barclay cards?I just filled up the last spot on my two cards with the old company. They're newer cards so only $25-50 each but that's still $150 in a couple of months and then I can do it all over again. The first card I added back in December and nothing until now. Then both spots sold back to back just before the statement closing date. The other card I added last month and both spots sold within a few days. I've got one more card to add, my Citibank Costco Visa. I just submitted a request to increase the limit and they instantly bumped it up from $8,500 to $11,500 (no credit check) so now it should be eligible.
You didn't mention what card issuer your two cards were with, but if they are with Barclay you are seriously selling yourself short by enrolling them while they pay out so low. There is a lifetime max of 25-35 (results vary, mine have all seem to hit at 30) authorized users you can add to their cards for some reason. By waiting to enroll them until they are seasoned, you'll make a lot more money in the long run. Now if you're talking about a different issuer, disregard this post.
catica, did the AU card come to your address?Yes, it came to my address. I have it in my hand. But why did I get fraud alerts referencing a debit card that I do not have? Weird, no?
I would call and freeze the account and tell them that your AU did not make those charges. I would then call company two and tell them. Keep us updated please, I have never heard of that happening.
Note to clarify, the charge on my card that I said I didn't recognize is actually hubby's. So, the only mystery is that I'm getting alerts for some debit card that is not mine with the AU's name.
Fraud dept. just called (automated message) referenced that debit card again and asked for AU. I said that he wasn't at this address and the machine hung up.
I'm pretty sure tangling up the AU with your credit report entangles them with your address as well. I've also gotten stuff in the mail when I didn't use my own address, so now I simply use my own address for each one because it's easier.
The credit card issuer is the bank I use. I was told to ignore the calls and notifications but the new company. They said it was normal to get the notifications and calls. So all is good, I think.catica, did the AU card come to your address?Yes, it came to my address. I have it in my hand. But why did I get fraud alerts referencing a debit card that I do not have? Weird, no?
I would call and freeze the account and tell them that your AU did not make those charges. I would then call company two and tell them. Keep us updated please, I have never heard of that happening.
Note to clarify, the charge on my card that I said I didn't recognize is actually hubby's. So, the only mystery is that I'm getting alerts for some debit card that is not mine with the AU's name.
Fraud dept. just called (automated message) referenced that debit card again and asked for AU. I said that he wasn't at this address and the machine hung up.
Did you figure any of this out yet? @Catica
Is the credit card issuer also a bank you use? You mentioned debit cards... Just curious but I also realize you may not want to divulge too many details. Hope it all works out OK for you!
Anyone add an AU on Chase via the chase.com web site in the past day or two?
It's not working for me currently. I think it's just a generic website issue and will probably call in the AU if I can't get the website to work in the next few days.
Just curious.
Anyone add an AU on Chase via the chase.com web site in the past day or two?
It's not working for me currently. I think it's just a generic website issue and will probably call in the AU if I can't get the website to work in the next few days.
Just curious.
I had that issue about a month ago for my last add which I eventually called in
Dang, BofA dropped the CL on my card. Looks like quite a few CC issuers are doing this.Did they say why?
No, but again, some credit card issuers are doing this because of the pandemic and economic undoing. I believe it has something to do with decreasing their credit risk/credit exposure.Dang, BofA dropped the CL on my card. Looks like quite a few CC issuers are doing this.Did they say why?
I never had that happen on my chase card, but I always call in the AU. Did you add online? That could be the reason why they locked your account, happened to me with another bank. TD once called me to confirm that I did add 3 AU online.[/quote]
NoDang, BofA dropped the CL on my card. Looks like quite a few CC issuers are doing this.Did they say why?
NoDang, BofA dropped the CL on my card. Looks like quite a few CC issuers are doing this.Did they say why?
@PointsLawyer batsignal.
NoDang, BofA dropped the CL on my card. Looks like quite a few CC issuers are doing this.Did they say why?
@PointsLawyer batsignal.
I thought he dealt with closures only. Can you get a settlement because they lowered your credit limit?
NoDang, BofA dropped the CL on my card. Looks like quite a few CC issuers are doing this.Did they say why?
@PointsLawyer batsignal.
I thought he dealt with closures only. Can you get a settlement because they lowered your credit limit?
I thought the law included any adverse action without explanation, but I could be misremembering.
Hi all,
I've got a Key Mastercard that I've had for 23 YEARS and it only has a $9K limit. I called last July to increase the limit but they said since I hadn't used it for a while, they wouldn't do it. So I bought a bunch of grocery store gift cards. Called back in November and they said that I had to wait 6 months between requests. So called back in May. They said since I had some activity on my credit report (I had increased limits on another card - but my score is 820), they couldn't increase it 'at this time'. WHAT?!?! I've had the damn card for 23 years and never a late payment! I've had no problem getting my limit increased on my other cards. Oh - I only use one card, and I pay it off every 2 weeks.
Has anyone else had this issue with Key? I would love to use this card for selling tradelines.
Any help is super appreciated here.
Hi all,
I've got a Key Mastercard that I've had for 23 YEARS and it only has a $9K limit. I called last July to increase the limit but they said since I hadn't used it for a while, they wouldn't do it. So I bought a bunch of grocery store gift cards. Called back in November and they said that I had to wait 6 months between requests. So called back in May. They said since I had some activity on my credit report (I had increased limits on another card - but my score is 820), they couldn't increase it 'at this time'. WHAT?!?! I've had the damn card for 23 years and never a late payment! I've had no problem getting my limit increased on my other cards. Oh - I only use one card, and I pay it off every 2 weeks.
Has anyone else had this issue with Key? I would love to use this card for selling tradelines.
Any help is super appreciated here.
You can do it later. I think a lot of us make sure it's the next day so we don't remove it early. I expect they don't put your card back in play for buyers until the number of AUs on the card is below the max they set.
I got a "remove user" from the new company a week ago. Add date? Beginning of August last year. Really?
How many AU can you have on a card simultaneously? I have a citi with 2 slots in the portal that sell pretty regularly. My wife is also an AU on the and is listed as such in the portal. I already have the 2 slots filled, for a total of 3 current AU, and I just got a request to add another. Did they forget to tell me to remove the AU that has already posted? Should I go ahead and remove her before adding the new guy? Or just add the new guy anyway? I emailed the company, but probably won't get a response until tomorrow.
I was instructed to add the AU anyway, and the previous AU that has posted will overlap until early June. Citi added the AU, then transferred me to the fraud department where they sent me a text message with an authorization code and also made me verify my address. Everything seems to have gone through, but it makes me a little nervous that they flagged me and sent me to the fraud department.
has anyone out there done the research/crowdsourced data to put together a guide on how often you can request credit limit increases for different issuers? Part of my strategy is to gradually increase the limit on cards so they can qualify for higher payouts.
I used to regularly get CL increases without a problem, but lately i've been getting more rejections, either due to low utilization, enough credit extended already, or new credit having been recently opened.
I know there is no obligation for the issuers to be more specific than that, but I'd like to have a better idea of what each issuer's guidelines are so I can better manage my limit increase requests.
sigh.....
One of my AUs called the cc company to "dispute" being an AU on the card and demanded he be removed. cc company closes the card and issues a new one, sending me a text saying it's been closed by request. I call in and get the name of the AU who did this.....who I've been paid for and who is scheduled to be removed next Wednesday. I guess these people aren't rocket scientists. They pay to be an AU and then go to the trouble of getting themselves removed as an AU. I'm hoping the other AU isn't affected by this clown.
I've heard other stories like this here. I did learn that I needed to change my telephone number on the account. The fraud department tried to call me on our landline.....which has absolutely nothing plugged into it. Changed that for the future.
The joys of tradeline sales, I guess.
Yeah sometimes one of these AU clients becomes hyper-vigilant about their credit report, and when they pull it suddenly they see an address or something on there they've never heard of, and think they're victims of identity theft. D'oh!
I think a lot of AUs are trying to improve their credit two ways at the same time--removing items that shouldn't be there to clean up bad things on their report, and adding tradelines to add good things.
If they're using a company to credit repair at the same time as they add tradelines, there can be miscommunication and the tradeline may be disputed. It isn't common, but does seem to happen, and that's my guess as to why.
I am having some troubles with the 'new' company. I had 3 add requests in 2 months to my Capital One card, added them all within 1 day of the requests, and got cards for them all. The 'new' company then asked me to add a 4th in that same 2 month period. I had researched this and believe the safe limit for Capital One is 2-3 adds in 3 months (as far as I know). So I emailed the 'new' company that same day and requested the 4th add request be removed. Erica agreed but 2 weeks later removed the 3rd and 4th adds. I have sent several emails detailing this and trying to get the 3rd added back on but I am not getting a positive response, just delay tactics.
I allso have 2 AU payments that are past due. This accounts for: reporting 9 days after the due date and then 10 weeks after the report date. 1 card is over a month late and the other just a few days. I have emailed Erica and Cliff but again I am getting delay tactics.
I have clearly detailed these problems to them but I am getting no where. Is anyone having these problems? What is the best way to deal with the 'new' company on this? Is contacting the Better Business Bruere the correct resolution?
Thanks in advance
John
I had a weird experience with Citi today.That's odd, I've never received that message. In fact I called yesterday to add the SS after adding the AU online and it took about 2 minutes. The CSR did voluntarily tell me adding the SS does it help it to post the AU's credit report, but it isn't necessary. Better safe than sorry.
I added an AU online and got an error message "can't help you with that...call this number" or some such thing.
While reaching for my phone, I went back to my AU screen and it actually did have the AU on the card.
I decided not to call, because it shows the AU on the account now and I don't want to get unnecessary attention
But I am wondering if I should?
Last time I had a city add, months ago, I called to try and add the SSN and they told me that wasn't possible after I had been on hold for ever.
The AU posted anyways, but it's always a bit of a nail biter for me, as I had several not post a while ago.
I'd prefer not to call, but if anyone has any insight on what that error message could have triggered, please let me know.
Yep, Old Company is top notch if you have cards that qualify. Basically zero problems, ever.
New Company struggles with customer service and on time payments. Not detail oriented, and no good processes for handling administrative tasks.
However, they do the entire AU process excellently, especially their process for verifying AUs, so it's something I begrudgingly put up with (while checking out other tradeline companies hoping to find another useful one). I haven't found any besides those two who properly vet AUs. Most don't want to spend the money and time it takes to do it right. Very shortsighted, IMO.
To my knowledge, everyone has always gotten paid from New Company, even if late. It's a trade off. I personally would rather wait a few months for payment than risk having a card shut down or participate in fraud or have the company fold (like BoostMyScore.net did a few months back). To each his own! :)
Do you all "rest" your cards at all? I've heard here and there that adding and removing AUs too frequently might be flagged as suspicious behavior, so it might be good to give cards a break every once in a while.
But there doesn't seem to be any consensus whether this helps at all, or any general guidelines on how frequently to rest cards/ and for how long.
Do you all "rest" your cards at all? I've heard here and there that adding and removing AUs too frequently might be flagged as suspicious behavior, so it might be good to give cards a break every once in a while.
But there doesn't seem to be any consensus whether this helps at all, or any general guidelines on how frequently to rest cards/ and for how long.
I do not. I personally think that there are three ways to get flagged for suspicious behavior:
1. Add AUs which are synthetic identities or otherwise problematic. I minimize this risk by using the two companies recommended by @arebelspy in this thread.
2. Exhibit risky behavior when talking with customer service representatives, such as adding and removing AUs in a single phone call. I minimize this risk by reading and following all of the AU companies' recommendations in these matters.
3. Add and remove lots of AUs over time. I believe that CC companies may periodically decide to run queries on their customer databases looking for people who have added and removed some threshold number of AUs on their accounts, maybe with special attention to those who don't share surnames with the CC holder. So if my name is John Smith and I add my son Fred Smith who lives at my address as an AU, I'm probably just a normal person. If my name is John Smith and I've added Fred Jones, Amanda Brady, Kevin Hicks, Jane Austen, and 22 more of my closest friends in the past year, I'm probably a piggybacker. They may also focus their criteria on people who have more than a threshold number of AUs on their account at any point in time - most ordinary people do not have five AUs on their card at once.
This third risk is outlined in this thread and by the TL companies, and I accept this risk as a part of the deal. I minimize its impact on me by having multiple credit cards and only piggybacking on cards and with CC companies that I am willing to have shut down at some point.
Resting credit cards probably helps only with the third risk, and while it's helping you avoid getting your CC shut down, you are also not making any sales. I don't think there's any way to quantify the benefit. But I think ARS has said and most people understand that each person needs to find their own comfort level with this and any other hack or game that exists. We all get to roll the dice and take our chances.
What could cause AU not to post? I added two AUs two days apart to the same card and the one added two days later already posted but the earlier one didn't. Should I be concerned? This is with the old company.
Thanks!
What could cause AU not to post? I added two AUs two days apart to the same card and the one added two days later already posted but the earlier one didn't. Should I be concerned? This is with the old company.
Thanks!
How many AU can you have on a card simultaneously? I have a citi with 2 slots in the portal that sell pretty regularly. My wife is also an AU on the and is listed as such in the portal. I already have the 2 slots filled, for a total of 3 current AU, and I just got a request to add another. Did they forget to tell me to remove the AU that has already posted? Should I go ahead and remove her before adding the new guy? Or just add the new guy anyway? I emailed the company, but probably won't get a response until tomorrow.
I was instructed to add the AU anyway, and the previous AU that has posted will overlap until early June. Citi added the AU, then transferred me to the fraud department where they sent me a text message with an authorization code and also made me verify my address. Everything seems to have gone through, but it makes me a little nervous that they flagged me and sent me to the fraud department.
This happens from time to time. I recently had one not post. The old company said to check a day or 2 after adding to see that the AU was really added. I don't, but it's the best practice. I've only lost 2 AUs ever for not posting and I'm pretty sure the other one, I forgot to put any purchases on it.
Most likely scenarios, in no particular order:
1. Some error in the process of adding the AU by you. This would include:
A. Not typing or transferring the key AU information of name, address, SSN, and DOB.
B. Not completing the process with the CC company. Some CC companies now have an authentication at the end of the process, which I sometimes almost forget to do.
C. Failing to put a purchase on the card before the closing date.
D. Failing to add the user before the closing date.
E. Accidentally adding them to the wrong card, I suppose.
2. Some error in adding the AU by the CC company. If you called in:
A. They may have failed to enter the key AU information correctly, or have failed to complete the process on their end somehow.
B. They may have suspected fraud. Normally this would result in the card being locked and the AU added anyway, but it's possible if the CSR thought fraud and was highly energetic that they would refuse to add the AU and possibly lock the card. Alas, this explanation would make more sense if it were the second AU that you added failed.
I'd be concerned only to the extent that I'd have lost that commission and somewhat damaged the TL company's reputation and somewhat damaged the TL company's opinion of me, which might affect their decision to send commissions my way in the future. And if it's consistently happening, I'd carefully go over my practices and make sure I was doing everything correctly.
But, if it's just a one-off, which is the most likely scenario, the TL companies say it happens from time to time without rhyme or reason, and other than a lost commission and slight inconvenience to the TL company to reassign that AU to someone else I wouldn't worry about it.
Just had my first two not post, both in the last couple of months after going a few years without problems. I think it was because I added them online and did not call in, and could not add the SSN online. Company said it was OK to do it this way back when the customer service phone line waits were hours due to coronavirus. But now that things have settled and customer service waits are back to normal, I'm back to calling in with a SSN if there's no place for it online and haven't had problems. They did show up on my CC account, I got the card in the mail, activated it, and made purchases on the card, but, no luck without that SSN apparently.
Thank you all for the explanations. I'm disappointed as this was $250. I never call in to add AUs and I was not advised to call a day or two after to confirm, and also was not told to charge the card issued to the AU :(
So if they didn't post, can I call in and remove them or do I need to wait 3 moths like I do with the ones that posted?
Thank you all for the explanations. I'm disappointed as this was $250. I never call in to add AUs and I was not advised to call a day or two after to confirm, and also was not told to charge the card issued to the AU :(
So if they didn't post, can I call in and remove them or do I need to wait 3 moths like I do with the ones that posted?
How many AU can you have on a card simultaneously? I have a citi with 2 slots in the portal that sell pretty regularly. My wife is also an AU on the and is listed as such in the portal. I already have the 2 slots filled, for a total of 3 current AU, and I just got a request to add another. Did they forget to tell me to remove the AU that has already posted? Should I go ahead and remove her before adding the new guy? Or just add the new guy anyway? I emailed the company, but probably won't get a response until tomorrow.
I was instructed to add the AU anyway, and the previous AU that has posted will overlap until early June. Citi added the AU, then transferred me to the fraud department where they sent me a text message with an authorization code and also made me verify my address. Everything seems to have gone through, but it makes me a little nervous that they flagged me and sent me to the fraud department.
They are getting more aggressive with the adds now. In my previous post they had me add a 3rd tradeline AU onto a card that my wife was already an AU on and said it was fine. I have since removed one AU, and I've had my wife, and 2 tradeline AU on the card. I just got notice to add 2 additional AU, but haven't received notice to remove any others.
So my citi card is going to have me, my wife, and 4 tradeline AU on it for some period of time.
I just got 2 separate emails telling me that the AU request wasn't completed, "Your authorized user request wasn't completed. Please resubmit your request"
I logged into my citi account just to see what's up, because I've had them alert me before, but then it still lists the AU as on the account. But my account is gone. I have access to my other citi card, but the card that I added the AU on is just gone. When I go to my accounts it only lists my costco card, my citi double card is nowhere. Hmmm.
Trying to do a Barclay add and the customer service rep just skipped the SSN question and issued the card. Then said he couldn't go back and add the SSN until after I receive the card. Ugh...
How many AU can you have on a card simultaneously? I have a citi with 2 slots in the portal that sell pretty regularly. My wife is also an AU on the and is listed as such in the portal. I already have the 2 slots filled, for a total of 3 current AU, and I just got a request to add another. Did they forget to tell me to remove the AU that has already posted? Should I go ahead and remove her before adding the new guy? Or just add the new guy anyway? I emailed the company, but probably won't get a response until tomorrow.
I was instructed to add the AU anyway, and the previous AU that has posted will overlap until early June. Citi added the AU, then transferred me to the fraud department where they sent me a text message with an authorization code and also made me verify my address. Everything seems to have gone through, but it makes me a little nervous that they flagged me and sent me to the fraud department.
They are getting more aggressive with the adds now. In my previous post they had me add a 3rd tradeline AU onto a card that my wife was already an AU on and said it was fine. I have since removed one AU, and I've had my wife, and 2 tradeline AU on the card. I just got notice to add 2 additional AU, but haven't received notice to remove any others.
So my citi card is going to have me, my wife, and 4 tradeline AU on it for some period of time.
I just got 2 separate emails telling me that the AU request wasn't completed, "Your authorized user request wasn't completed. Please resubmit your request"
I logged into my citi account just to see what's up, because I've had them alert me before, but then it still lists the AU as on the account. But my account is gone. I have access to my other citi card, but the card that I added the AU on is just gone. When I go to my accounts it only lists my costco card, my citi double card is nowhere. Hmmm.
So I finally got around to doing this, and my cards don't qualify. They have really tightened the requirements, want $20k limits which is not anywhere near my limits on any of my cards (I don't even have $10k limit, and only 2 cards with $5k)
Does anyone else have any leads on other services like this? I'm kicking myself for waiting.
So I finally got around to doing this, and my cards don't qualify. They have really tightened the requirements, want $20k limits which is not anywhere near my limits on any of my cards (I don't even have $10k limit, and only 2 cards with $5k)
Does anyone else have any leads on other services like this? I'm kicking myself for waiting.
Does anybody know if a person can sort of "accelerate" the number of on-time payments on a single credit card by splitting a payment into 2 payments, both paid before the due date for that payment? I was just rejected by Cap One for a credit line increase, which the explanation claimed was because I almost never use the card. (This is true). So I just started using the card. Meantime, I found an old letter from Cap One while doing some cleaning, which stated that I could apply for a credit line increase after 5 on-time payments. That started me wondering about a way to expedite the process w/o waiting the 5-6 mo. that process would normally take. If the 1st technique I asked about wouldn't work, does anybody out there know of any other tricks to accomplish this?
I would list with the old company and see how it goes no need to pull it from company 2I don't believe that's allowed per each company's contract.
How many AU can you have on a card simultaneously? I have a citi with 2 slots in the portal that sell pretty regularly. My wife is also an AU on the and is listed as such in the portal. I already have the 2 slots filled, for a total of 3 current AU, and I just got a request to add another. Did they forget to tell me to remove the AU that has already posted? Should I go ahead and remove her before adding the new guy? Or just add the new guy anyway? I emailed the company, but probably won't get a response until tomorrow.
I was instructed to add the AU anyway, and the previous AU that has posted will overlap until early June. Citi added the AU, then transferred me to the fraud department where they sent me a text message with an authorization code and also made me verify my address. Everything seems to have gone through, but it makes me a little nervous that they flagged me and sent me to the fraud department.
They are getting more aggressive with the adds now. In my previous post they had me add a 3rd tradeline AU onto a card that my wife was already an AU on and said it was fine. I have since removed one AU, and I've had my wife, and 2 tradeline AU on the card. I just got notice to add 2 additional AU, but haven't received notice to remove any others.
So my citi card is going to have me, my wife, and 4 tradeline AU on it for some period of time.
I just got 2 separate emails telling me that the AU request wasn't completed, "Your authorized user request wasn't completed. Please resubmit your request"
I logged into my citi account just to see what's up, because I've had them alert me before, but then it still lists the AU as on the account. But my account is gone. I have access to my other citi card, but the card that I added the AU on is just gone. When I go to my accounts it only lists my costco card, my citi double card is nowhere. Hmmm.
I initiated online chat and the citi rep said they still see my account on their side. They said I need to clear my cache and cookies, and when that failed they said I had to call in to tech support.
After calling in I was given the same advice. When that failed they said try a different browser. When that failed they said to just re link the card. When that failed they said my account needs to be deleted and I need to create a brand new account and relink both cards. After they deleted my username I was unable to choose the same username, so I had to create a new one. After that I have no access to the website at all. After logging in it just says "we've encountered an issue". I was instructed to wait an hour and then try logging back in (that was several hours ago, still no good).
The rep assured me she could still see both my cards from her end, and that my automatic payments were still in effect (she claimed those can only be canceled by calling in and requesting the stop, not even deleting the account will negate them apparently).
I guess I just don't have access to see my citi cards online any longer? I am going to wait until next week and see if the technical issues are on their end and fixed, but this has been going on since Tuesday and they didn't post anything about server maintenance that I could see, and the rep wasn't aware of any maintenance going on until she put me on hold to go and talk to the "tech department", and afterwards claimed they are doing maintenance. But I also feel like they are perpetually doing some kind of maintenance and will announce when users should expect down time, which they haven't done.
Also despite the email telling me that my AU failed to post, while I was on hold waiting for the rep the automated system told me that there were changes to my account on the day I added AU and that a new card was already in the mail to my address.
If you have cards that qualify with old company, I'd do that.Thanks, I just did that
I'd use new company for cards that old company doesn't take (card issuers they don't use or limits/age lower they take).
I have 2 Bank of America Cards that qualify for Tradelines with the old company. I'm told that using 2 or more cards from the same lender increases the risk of closure since the overall numbers of AU being added and removed is increased. Each of these cards would earn $200 per spot. Is it worth risking? Would you do it?
I have 2 Bank of America Cards that qualify for Tradelines with the old company. I'm told that using 2 or more cards from the same lender increases the risk of closure since the overall numbers of AU being added and removed is increased. Each of these cards would earn $200 per spot. Is it worth risking? Would you do it?
The old company told me that.I have 2 Bank of America Cards that qualify for Tradelines with the old company. I'm told that using 2 or more cards from the same lender increases the risk of closure since the overall numbers of AU being added and removed is increased. Each of these cards would earn $200 per spot. Is it worth risking? Would you do it?
Who told you that, and what was the factual basis for their assertion?
FWIW, I have two cards with two different CC cards enrolled with one of the recommended TL companies, both have had multiple AUs on them and none of the four cards have been shut down.
However, there is always a risk to account closure (read the OP); nothing is guaranteed. I only enroll cards that I am willing to have get locked or closed.
The old company told me that.I have 2 Bank of America Cards that qualify for Tradelines with the old company. I'm told that using 2 or more cards from the same lender increases the risk of closure since the overall numbers of AU being added and removed is increased. Each of these cards would earn $200 per spot. Is it worth risking? Would you do it?
Who told you that, and what was the factual basis for their assertion?
FWIW, I have two cards with two different CC cards enrolled with one of the recommended TL companies, both have had multiple AUs on them and none of the four cards have been shut down.
However, there is always a risk to account closure (read the OP); nothing is guaranteed. I only enroll cards that I am willing to have get locked or closed.
Are the cards that you have enrolled from the same bank?
Does anybody know if a person can sort of "accelerate" the number of on-time payments on a single credit card by splitting a payment into 2 payments, both paid before the due date for that payment? I was just rejected by Cap One for a credit line increase, which the explanation claimed was because I almost never use the card. (This is true). So I just started using the card. Meantime, I found an old letter from Cap One while doing some cleaning, which stated that I could apply for a credit line increase after 5 on-time payments. That started me wondering about a way to expedite the process w/o waiting the 5-6 mo. that process would normally take. If the 1st technique I asked about wouldn't work, does anybody out there know of any other tricks to accomplish this?The cli after 5 payments is usually offered on their 2nd tier account and often those accounts never increase or increase only minimally . It maybe better to open a new one
It would be good to know which banks close all the accounts vs which ones only shut down one card. I know Chase closes all accounts.I have 2 Bank of America Cards that qualify for Tradelines with the old company. I'm told that using 2 or more cards from the same lender increases the risk of closure since the overall numbers of AU being added and removed is increased. Each of these cards would earn $200 per spot. Is it worth risking? Would you do it?
I don't have a BofA card so I can't speak directly to how they look at that, but I would not. At each bank I will only actively sell one card but I will have others that are seasoning, so when the active card gets shut down (I'm operating off the assumption that it will get shut down at some point), I have a seasoned card ready to take its place. This obviously won't work for banks that shut down all your accounts at once.
It's in their FAQ. I was reminded of it today when I asked them to add another card of mine.The old company told me that.I have 2 Bank of America Cards that qualify for Tradelines with the old company. I'm told that using 2 or more cards from the same lender increases the risk of closure since the overall numbers of AU being added and removed is increased. Each of these cards would earn $200 per spot. Is it worth risking? Would you do it?
Who told you that, and what was the factual basis for their assertion?
FWIW, I have two cards with two different CC cards enrolled with one of the recommended TL companies, both have had multiple AUs on them and none of the four cards have been shut down.
However, there is always a risk to account closure (read the OP); nothing is guaranteed. I only enroll cards that I am willing to have get locked or closed.
Are the cards that you have enrolled from the same bank?
Interesting.
Yes, I have two Chase cards enrolled and two USBank cards enrolled with the old company. They didn't mention that to me when I enrolled them.
I had my BOA cards shut down i was placing 4 user on each card with one of the companies not listed here. Since then I lplayed nice no more than 2 users at a time on either of my chase cards for a total of 4users on cards. Discover has had 40 users but only 2 at a time. It has been a while since BOA shut me down.But did you have more than one card from BOA enrolled in tradelines?
It's in their FAQ. I was reminded of it today when I asked them to add another card of mine.The old company told me that.I have 2 Bank of America Cards that qualify for Tradelines with the old company. I'm told that using 2 or more cards from the same lender increases the risk of closure since the overall numbers of AU being added and removed is increased. Each of these cards would earn $200 per spot. Is it worth risking? Would you do it?
Who told you that, and what was the factual basis for their assertion?
FWIW, I have two cards with two different CC cards enrolled with one of the recommended TL companies, both have had multiple AUs on them and none of the four cards have been shut down.
However, there is always a risk to account closure (read the OP); nothing is guaranteed. I only enroll cards that I am willing to have get locked or closed.
Are the cards that you have enrolled from the same bank?
Interesting.
Yes, I have two Chase cards enrolled and two USBank cards enrolled with the old company. They didn't mention that to me when I enrolled them.
It would be good to know which banks close all the accounts vs which ones only shut down one card. I know Chase closes all accounts.I have 2 Bank of America Cards that qualify for Tradelines with the old company. I'm told that using 2 or more cards from the same lender increases the risk of closure since the overall numbers of AU being added and removed is increased. Each of these cards would earn $200 per spot. Is it worth risking? Would you do it?
I don't have a BofA card so I can't speak directly to how they look at that, but I would not. At each bank I will only actively sell one card but I will have others that are seasoning, so when the active card gets shut down (I'm operating off the assumption that it will get shut down at some point), I have a seasoned card ready to take its place. This obviously won't work for banks that shut down all your accounts at once.
I have received the message "Your authorized user request wasn't completed. Please resubmit your request" a couple times too. But when I log in to check, the AUs are clearly there. So I just ignored the texts and everything worked out fine.
What are your thoughts about it distorting the risk for lenders? We provide loans to individuals based on their credit score which has been boosted through this. The scores are artificially high and receive a loan, whereas they never should have received one based on their scoring. It messes with peer to peer lending as well, the individuals behind those loans are still the bad payers that they always were, despite the boosted score.
TL;DR It's cheaper for the individuals to boost their credit score and default on the next loan, compared to the goods they receive on which they default.
Has anyone been affected by boosted scores on the lender side?
A rep from a tradeline company (not the 2 discussed on this thread) told me that for those who hit their lifetime AU limit on Barclays cards, sometimes asking for a new card number will reset the limit. He said they've seen a 50/50 success rate with that.
I've read through this whole thread, and I don't think I've actually read a confirmed instance of someone successfully resetting their Barclays AU limit. Seems like a legend. Has anyone actually successfully reset their Barclays limit? I would love to try and report my results to the group here, but I'm probably still 15 or so AU's away from the limit.
Point of reference: Bank of America shut down all of my accounts, not just those I was selling tradelines on. This included a business account. Thankfully, I wasn't relying on any of them.
Does selling tradelines count as work for those who receive unemployment insurance? In many states, if you earn more than a certain amount per week and/or work more than a certain number of hours, you have to report it and it makes you ineligible for UI or your UI is reduced.
A rep from a tradeline company (not the 2 discussed on this thread) told me that for those who hit their lifetime AU limit on Barclays cards, sometimes asking for a new card number will reset the limit. He said they've seen a 50/50 success rate with that.
I've read through this whole thread, and I don't think I've actually read a confirmed instance of someone successfully resetting their Barclays AU limit. Seems like a legend. Has anyone actually successfully reset their Barclays limit? I would love to try and report my results to the group here, but I'm probably still 15 or so AU's away from the limit.
Point of reference: Bank of America shut down all of my accounts, not just those I was selling tradelines on. This included a business account. Thankfully, I wasn't relying on any of them.
Point of reference: Bank of America shut down all of my accounts, not just those I was selling tradelines on. This included a business account. Thankfully, I wasn't relying on any of them.
Can also confirm this recently, last month or so: My wife was selling AU's on two BOA personal cards. Immediately after an AU add something triggered a security alert (locked out of her account, had to reset password, verify identity, etc.). End result was all her BOA personal credit cards, and a business credit card were shut down.
So it seems that if you do tradelines on more than one BOA cards, eventually all your BOA credit cards will get shut down. So, it's wise to just use one BOA card for tradelines. Has anyone had all their BOA accounts shutdown after using just one card for tradelines?I have. I lost all 3 BOA cards that I had, and only one was being used for tradelines.
How many AUs did you have at any given time on that card? How frequently were you removing and adding them? Which tradeline company was it with?So it seems that if you do tradelines on more than one BOA cards, eventually all your BOA credit cards will get shut down. So, it's wise to just use one BOA card for tradelines. Has anyone had all their BOA accounts shutdown after using just one card for tradelines?I have. I lost all 3 BOA cards that I had, and only one was being used for tradelines.
"Old" company.How many AUs did you have at any given time on that card? How frequently were you removing and adding them? Which tradeline company was it with?So it seems that if you do tradelines on more than one BOA cards, eventually all your BOA credit cards will get shut down. So, it's wise to just use one BOA card for tradelines. Has anyone had all their BOA accounts shutdown after using just one card for tradelines?I have. I lost all 3 BOA cards that I had, and only one was being used for tradelines.
"Old" company.How many AUs did you have at any given time on that card? How frequently were you removing and adding them? Which tradeline company was it with?So it seems that if you do tradelines on more than one BOA cards, eventually all your BOA credit cards will get shut down. So, it's wise to just use one BOA card for tradelines. Has anyone had all their BOA accounts shutdown after using just one card for tradelines?I have. I lost all 3 BOA cards that I had, and only one was being used for tradelines.
One of my tradelines disputed the entry on their credit report. I'm sure that's probably what tipped off BOA.
Ha! that could have been it. Will you be trying to apply for more cards from then after some time passes?
Hi all,Yes, same experience here. I got denied for Barclays and Capital One, and can't get any more credit increase on any card. I think I need to sit and wait and maybe use the cards that are just sitting and not being used.
Has anyone had any issues getting new cards? I requested 2 credit increases last May. Wanted to try to get some more cards but was denied by Citi and Barclays for having 'too many credit inquiries' on my account. How often do you wait between different credit line increase requests and trying to open up a new account? I have excellent credit. Thoughts? Thank you!
On Aug 15, once again Old Company is opening enrollment for cards that are 6 months - 2 years in age with the following payouts:Knowing that there is a lifetime AU limit on most cards, is it worth enrolling those cards that will only earn $25 per spot? Probably not.Spoiler: show
Email them then (or just do a scheduled email now so you don't forget) with your card issuer, limit, opening date, statement date. They requested no emails to enroll cards before the 15th.
They had enrollment open for shorter cards about a year and four months ago, and a number of people saw significant sales on those cards.
Knowing that there is a lifetime AU limit on most cards, is it worth enrolling those cards that will only earn $25 per spot? Probably not.
I don't think it looks suspicious. It just looks like you want to simplify. Obviously you want to keep the total amount of credit line as it helps your credit score. It seems totally reasonable to me that anyone would request that.Thanks. That's reassuring. I'll give them a call and use the large charge coming up if asked.
If you feel you need an excuse to explain needing so much credit (which you haven't previously been using to a high percentage), you can think of some big expense coming up. I one time asked for a CL increase and said I was getting ready to do some home remodeling. (which I was).
This fall my daughter is going to graduate school so if I request a CL increase and am asked why, I will use that as my reason.
If the CSR asks you, she most likely just needs to fill in a blank on her form. She is unlikely to dig. (like in the grad school example, I don't think she'll ask me "do you mean tuition, room and board, or travel expenses?" Or in the home improvement example she didn't follow up with "Does your contractor accept cards? Or are you simply charging materials at Home Depot?" )
Does anyone one have any kind of idea of chances getting an AU add on a card with a credit line over $30,000 vs a card between $15,000-$20,000? I'm wondering if there is a lesser chance of getting an AU add on a card that's $30,000 because it's more expensive. The pay commission difference is $50 between these two credit lines with the old company, so it's not huge, and I'm wondering if it's worth getting a credit line increase to over $30,000 if it means that a chance of getting an AU add drops significantly.
This may sound like a stupid question, but could someone clarify what everyone means by "The Old Company" and why no one is using the name of the company? I'm also wondering if there is a "New Company" that I should be switching to?
I have been with my tradeline company for several years, and haven't visited this thread in quite a while. Just wanted to make sure I'm up to date, but there are 85 pages of posts and it would take me forever to try to sort out what happened.
On Aug 15, once again Old Company is opening enrollment for cards that are 6 months - 2 years in age with the following payouts:Spoiler: show
Email them then (or just do a scheduled email now so you don't forget) with your card issuer, limit, opening date, statement date. They requested no emails to enroll cards before the 15th.
They had enrollment open for shorter cards about a year and four months ago, and a number of people saw significant sales on those cards.
Could a kind person please PM me companies you guys recommend for this? Thank you :)
Just got my Discover login locked and they are requiring a 4506T verification. Normally this is used for income verification purposes, but it's weird this is happening out of the blue so I'm pretty sure it's tied to authorized user additions. Has anyone had this? My limit on this card is around 35 K, so it's possible with the current economic conditions they are verifying income on higher limits.
On Aug 15, once again Old Company is opening enrollment for cards that are 6 months - 2 years in age with the following payouts:Spoiler: show
Email them then (or just do a scheduled email now so you don't forget) with your card issuer, limit, opening date, statement date. They requested no emails to enroll cards before the 15th.
They had enrollment open for shorter cards about a year and four months ago, and a number of people saw significant sales on those cards.
They also seem to be open for older cards too, correct? Just want to be sure I am not mis-reading the email somehow. Thanks!
What do you mean by "they only open up sign ups for cardholders once a year or so"? I thought you could join any time as long as you have cards they accept.On Aug 15, once again Old Company is opening enrollment for cards that are 6 months - 2 years in age with the following payouts:Spoiler: show
Email them then (or just do a scheduled email now so you don't forget) with your card issuer, limit, opening date, statement date. They requested no emails to enroll cards before the 15th.
They had enrollment open for shorter cards about a year and four months ago, and a number of people saw significant sales on those cards.
They also seem to be open for older cards too, correct? Just want to be sure I am not mis-reading the email somehow. Thanks!
Yes, good clarification; OldCompany is opening enrollment for all cards. They are just taking cards as young as six months old.
There are no restrictions on the age or limit as long as they are 6 months or older.
As has been documented in this thread, OldCompany seems to be the best Tradeline company in the business. NewCompany is good, but struggles with customer support and their payments take much longer to receive. Everything related to that with OldCompany is automated.
Personally, I'd be switching any cards you have for tradelining to OldCompany, if you aren't already there. IMO, anyone with cards for tradelining should be enrolled with them. And since they only open up signups for cardholders once a year or so, in the last few years, it's worth jumping on and getting your cards enrolled when they do.
Also, clarification: the owner told me you can email them now with your card issuer, limit, opening date, statement date. They will start enrolling the cards on the 15th.
Feel free to PM me if you need a referral. :)
Yes, that's true, you can join any time if you have cards they accept. However, they change the requirements of what they accept.Thanks for the explanation. I signed up in November 2019 with cards <20K but about 8yrs old, that's why I though they were always open to older cards.
So you can join any time if you have very old/high limit cards. For a time they allowed enrollment only for cards of limit 20k+ and 10+ years in age (must meet both requirements). Then for like six months they weren't onboarding any cards, regardless of age/limit.
And then sometimes they open enrollment to everything, to restock their card inventory.
In 2019 the enrollment was open to all cards for about a month in March, and now it's open again here in Aug 2020. When they get enough cards, they shut down onboarding new ones for a long time, excepting if you have very high limit/very old ones.
Right now they're opening enrollment for all cards 6+ months old, with no limit. That's what I meant by they only open enrollment about once a year--completely open enrollment with broad eligibility.
Thus, if you aren't using them, it's a great time to switch all your cards to them. I imagine they'll shut down enrollment again after a few weeks, as they did last time.
Just got my Discover login locked and they are requiring a 4506T verification. Normally this is used for income verification purposes, but it's weird this is happening out of the blue so I'm pretty sure it's tied to authorized user additions. Has anyone had this? My limit on this card is around 35 K, so it's possible with the current economic conditions they are verifying income on higher limits.
This just happened to me too. The person I spoke with said "it's nothing you did; all accounts are subject to security review"... So I signed the form and put my card on hold with Old Company and am waiting to see what happens. My limit on that card is $14k for what it's worth.
I have 6 Barclay and 2 Discover cards that are just over 6 months old. I'm deliberating whether it's worth using them for TL already or better wait until they age and can earn better commission? Barclay has lifetime AU and Discover might get shutdown before it makes any decent amount. What would you do?
Thanks. I think I'll wait.I have 6 Barclay and 2 Discover cards that are just over 6 months old. I'm deliberating whether it's worth using them for TL already or better wait until they age and can earn better commission? Barclay has lifetime AU and Discover might get shutdown before it makes any decent amount. What would you do?
I would wait if I were you, especially on the Barclays cards. 6 BC cards - wow! It would let them age and then they will start printing money for you. Best of luck with whatever you decide.
Thanks. I think I'll wait.I have 6 Barclay and 2 Discover cards that are just over 6 months old. I'm deliberating whether it's worth using them for TL already or better wait until they age and can earn better commission? Barclay has lifetime AU and Discover might get shutdown before it makes any decent amount. What would you do?
I would wait if I were you, especially on the Barclays cards. 6 BC cards - wow! It would let them age and then they will start printing money for you. Best of luck with whatever you decide.
OK, so I totally lied after I double-checked. I have 5 cards, 2 under my name and 3 under my spouse. My cards were opened in 12/19 and 05/20 and his 11/19, 05/20 and 06/20 (BTW, this one is weird because he got denied but then they send the card). So I really only have 2 cards from Barclay ready for TL.Thanks. I think I'll wait.I have 6 Barclay and 2 Discover cards that are just over 6 months old. I'm deliberating whether it's worth using them for TL already or better wait until they age and can earn better commission? Barclay has lifetime AU and Discover might get shutdown before it makes any decent amount. What would you do?
I would wait if I were you, especially on the Barclays cards. 6 BC cards - wow! It would let them age and then they will start printing money for you. Best of luck with whatever you decide.
Yes, definitely wait on the Barclays cards. I'm curious though, how did you open so many Barclays cards in such a short period of time? Or maybe i misread your post. I thought you had to wait at least 6 months or so between Barclays cards openings, and even then, I'd imagine they wouldn't be so inclined to just continue opening cards for you unless you have good utilization on your existing cards.
OK, so I totally lied after I double-checked. I have 5 cards, 2 under my name and 3 under my spouse. My cards were opened in 12/19 and 05/20 and his 11/19, 05/20 and 06/20 (BTW, this one is weird because he got denied but then they send the card). So I really only have 2 cards from Barclay ready for TL.Thanks. I think I'll wait.I have 6 Barclay and 2 Discover cards that are just over 6 months old. I'm deliberating whether it's worth using them for TL already or better wait until they age and can earn better commission? Barclay has lifetime AU and Discover might get shutdown before it makes any decent amount. What would you do?
I would wait if I were you, especially on the Barclays cards. 6 BC cards - wow! It would let them age and then they will start printing money for you. Best of luck with whatever you decide.
Yes, definitely wait on the Barclays cards. I'm curious though, how did you open so many Barclays cards in such a short period of time? Or maybe i misread your post. I thought you had to wait at least 6 months or so between Barclays cards openings, and even then, I'd imagine they wouldn't be so inclined to just continue opening cards for you unless you have good utilization on your existing cards.
I am glad to hear the old company is taking new cards. I have a tradelines company that I have worked with for 3 years, pm me if you want more info he takes 2 year old cards or older. Likes high limits. Pays well and quickly. I probably should not post his email but it is [Mod Edit: Redacted]. I dont even want a referal fee, just to get forum members on board as i was given the same opportunity 3 years ago.Ohh, I'm already with the old and new company, so I got my foot in the door :). Thanks.
I am glad to hear the old company is taking new cards. I have a tradelines company that I have worked with for 3 years, pm me if you want more info he takes 2 year old cards or older. Likes high limits. Pays well and quickly. I probably should not post his email but it is [Mod Edit: Redacted]. I dont even want a referal fee, just to get forum members on board as i was given the same opportunity 3 years ago.
But as I stated I have been with this company for 3 years car jack. So none of those things you have mentioned has happened. Furthermore on my young cards or lower limit cards I get paid 75 to 150
Per AU. So the new company and the old company are not the only game in town FYI.
Hey, I haven't been around a ton lately, but I've been having serious payment problems with New Company and wanted to lurk to see if others were as well, just to see ARS's note about Old Company opening up on the 15th.Yeah, that's the big drawback with new company. Payments take forever. To my knowledge, everyone has always been paid, but it's a pain.
I'd love to switch everything over there but I don't actually know who Old Company is. If anyone could hit me up with the name via PM I'd be eternally grateful.
I know there is an extremely high risk of getting shut down by Chase but what if you only added one AU and then un-enrolled the card? Would you risk it?
Because if the risk is low I don't mind getting $250. To me that's not a small amount.I know there is an extremely high risk of getting shut down by Chase but what if you only added one AU and then un-enrolled the card? Would you risk it?
For at most a couple hundred bucks? I mean, your odds of getting shut down for one AU are extremely small, but why risk it for such a small return? If you value your Chase cards, I wouldn't. I had 3 of mine enrolled and made $1375 on them before they shut me down. I personally didn't care about the cards I had, so it wasn't a big loss to me when they closed my accounts.
I think that depends. We racked up roughly 500K UR points in the last 10 months, which is worth about $7500 in travel and/or cash back. Even selling a couple spots wasn't worth the risk for us.Because if the risk is low I don't mind getting $250. To me that's not a small amount.I know there is an extremely high risk of getting shut down by Chase but what if you only added one AU and then un-enrolled the card? Would you risk it?
For at most a couple hundred bucks? I mean, your odds of getting shut down for one AU are extremely small, but why risk it for such a small return? If you value your Chase cards, I wouldn't. I had 3 of mine enrolled and made $1375 on them before they shut me down. I personally didn't care about the cards I had, so it wasn't a big loss to me when they closed my accounts.
I will never rack up that much. I don't know how. Even when I got sign up bonus etc, the most I had was 160000 and I could only get one one ticket for that.I think that depends. We racked up roughly 500K UR points in the last 10 months, which is worth about $7500 in travel and/or cash back. Even selling a couple spots wasn't worth the risk for us.Because if the risk is low I don't mind getting $250. To me that's not a small amount.I know there is an extremely high risk of getting shut down by Chase but what if you only added one AU and then un-enrolled the card? Would you risk it?
For at most a couple hundred bucks? I mean, your odds of getting shut down for one AU are extremely small, but why risk it for such a small return? If you value your Chase cards, I wouldn't. I had 3 of mine enrolled and made $1375 on them before they shut me down. I personally didn't care about the cards I had, so it wasn't a big loss to me when they closed my accounts.
I will never rack up that much. I don't know how. Even when I got sign up bonus etc, the most I had was 160000 and I could only get one one ticket for that.I think that depends. We racked up roughly 500K UR points in the last 10 months, which is worth about $7500 in travel and/or cash back. Even selling a couple spots wasn't worth the risk for us.Because if the risk is low I don't mind getting $250. To me that's not a small amount.I know there is an extremely high risk of getting shut down by Chase but what if you only added one AU and then un-enrolled the card? Would you risk it?
For at most a couple hundred bucks? I mean, your odds of getting shut down for one AU are extremely small, but why risk it for such a small return? If you value your Chase cards, I wouldn't. I had 3 of mine enrolled and made $1375 on them before they shut me down. I personally didn't care about the cards I had, so it wasn't a big loss to me when they closed my accounts.
I have CSP and I already used up those points. So now it's not making me much. There is no way I will rack up any significant amount of points any more. How do you get 500K points?I will never rack up that much. I don't know how. Even when I got sign up bonus etc, the most I had was 160000 and I could only get one one ticket for that.I think that depends. We racked up roughly 500K UR points in the last 10 months, which is worth about $7500 in travel and/or cash back. Even selling a couple spots wasn't worth the risk for us.Because if the risk is low I don't mind getting $250. To me that's not a small amount.I know there is an extremely high risk of getting shut down by Chase but what if you only added one AU and then un-enrolled the card? Would you risk it?
For at most a couple hundred bucks? I mean, your odds of getting shut down for one AU are extremely small, but why risk it for such a small return? If you value your Chase cards, I wouldn't. I had 3 of mine enrolled and made $1375 on them before they shut me down. I personally didn't care about the cards I had, so it wasn't a big loss to me when they closed my accounts.
If you have the CSR card those 160K points are still worth $2400 in travel/cash back.
any data points of getting various cards shutdown and whether the points/rewards were still redeemable afterwards and with which providers?
2 player mode we both fell back below 5/24 earlier this year. Approved for a couple Chase Biz cards then a couple personal cards. I also have Chase Ink which gives me 5% cash back at office supple stores. I've hit up multiple Staples and OD/OM VGC deals over the past 10 months.I have CSP and I already used up those points. So now it's not making me much. There is no way I will rack up any significant amount of points any more. How do you get 500K points?I will never rack up that much. I don't know how. Even when I got sign up bonus etc, the most I had was 160000 and I could only get one one ticket for that.I think that depends. We racked up roughly 500K UR points in the last 10 months, which is worth about $7500 in travel and/or cash back. Even selling a couple spots wasn't worth the risk for us.Because if the risk is low I don't mind getting $250. To me that's not a small amount.I know there is an extremely high risk of getting shut down by Chase but what if you only added one AU and then un-enrolled the card? Would you risk it?
For at most a couple hundred bucks? I mean, your odds of getting shut down for one AU are extremely small, but why risk it for such a small return? If you value your Chase cards, I wouldn't. I had 3 of mine enrolled and made $1375 on them before they shut me down. I personally didn't care about the cards I had, so it wasn't a big loss to me when they closed my accounts.
If you have the CSR card those 160K points are still worth $2400 in travel/cash back.
any data points of getting various cards shutdown and whether the points/rewards were still redeemable afterwards and with which providers?
What's OD/OM VGC deal?2 player mode we both fell back below 5/24 earlier this year. Approved for a couple Chase Biz cards then a couple personal cards. I also have Chase Ink which gives me 5% cash back at office supple stores. I've hit up multiple Staples and OD/OM VGC deals over the past 10 months.I have CSP and I already used up those points. So now it's not making me much. There is no way I will rack up any significant amount of points any more. How do you get 500K points?I will never rack up that much. I don't know how. Even when I got sign up bonus etc, the most I had was 160000 and I could only get one one ticket for that.I think that depends. We racked up roughly 500K UR points in the last 10 months, which is worth about $7500 in travel and/or cash back. Even selling a couple spots wasn't worth the risk for us.Because if the risk is low I don't mind getting $250. To me that's not a small amount.I know there is an extremely high risk of getting shut down by Chase but what if you only added one AU and then un-enrolled the card? Would you risk it?
For at most a couple hundred bucks? I mean, your odds of getting shut down for one AU are extremely small, but why risk it for such a small return? If you value your Chase cards, I wouldn't. I had 3 of mine enrolled and made $1375 on them before they shut me down. I personally didn't care about the cards I had, so it wasn't a big loss to me when they closed my accounts.
If you have the CSR card those 160K points are still worth $2400 in travel/cash back.
What's OD/OM VGC deal?
Thanks.What's OD/OM VGC deal?
Based on acronyms, Office Depot/Office Max Vanilla(and/or Visa) Gift Card. Probably can get more info googling or looking at reddit for current churning info.
What Arebelspy said. As to further not hijack this thread a good source is Doctor Of Credit.Thanks.What's OD/OM VGC deal?
Based on acronyms, Office Depot/Office Max Vanilla(and/or Visa) Gift Card. Probably can get more info googling or looking at reddit for current churning info.
PSA: Reminder gang to enroll your cards if you haven't yet!
I did a credit limit increase on 2 Barclays cards. Both approved, very simple online request. In the past, I remember BC being more stingy / strict. Not sure if I got lucky or if they have become more lax. If you are on the cusp of one of the brackets, you might want to do the same.
Did they pull your credit score? Also did you have high utilization on these cards?
Does the old company no longer accept USAA? I don't see it on the list for open enrollment.
Does the old company no longer accept USAA? I don't see it on the list for open enrollment.
They do.
Cards they're taking:Spoiler: show
I just tried remove AU from my BOA card and the customer service agent said she couldn't remove it for some reason. She transferred me to the dispute dept. for some reason. I hung up and will call another day again. Should I be concerned or was she just incompetent?
I just asked Old Company a couple weeks ago for an updated list of accepted issuers, and they gave me a much shorter one than this. They specifically stated that they are not accepting Wells Fargo at all. Where is this list from? Do I just have the wrong contact over there?
Point of reference: Bank of America shut down all of my accounts, not just those I was selling tradelines on. This included a business account. Thankfully, I wasn't relying on any of them.
Can also confirm this recently, last month or so: My wife was selling AU's on two BOA personal cards. Immediately after an AU add something triggered a security alert (locked out of her account, had to reset password, verify identity, etc.). End result was all her BOA personal credit cards, and a business credit card were shut down.
Tangential related warning if relevant, the net result on her credit score for those cards being closed seems to be about a 50 point ding. One of the closed cards was a bit older, and as a result her average age of credit now probably seems younger. The dip in credit score is not at all the end of the world for us, more a slight chuckle/annoyance but thought it might be worth pointing out this happened as a warning for anyone who it might have larger impact on. Always one more thing to consider
Closure data point.
I had two USBank cards shut down.
The lines were approaching five years old. The letter from USBank said "The pattern of adding and removing authorized users on your accounts poses a risk to the bank." The letter and the closure were effective July 31.
They were with New Company from 1/2017 through 6/2019, then with Old Company from 7/2019 to now. I had a total of 18 AUs with New Company and 27 AUs with Old Company across these two cards. I never had more than three AUs on either card at any one time.
I followed all recommendations from both New Company and Old Company. Although it is disappointing, it is not surprising and I certainly expected this to happen at some point.
I still have little to no need to use credit cards, and I still have twelve credit cards from nine other issuers, and I am comfortable with the ongoing risk. So I plan to (a) continue selling on my other cards with Old Company, (b) age a couple of cards and enroll them when they get old enough, and (c) try to get more USBank credit cards for either SUBs or piggybacking at some point in the future.
Happy to give more details or answer questions although I may decline to answer some types of questions to maintain my privacy.
@Catica I don’t know if discover has a hard limit on AU. I do know I have one and I must have put 30 or more on there. When they send out the card it had a number on it that seems to be the number of AU added as it goes up on each card. If I am correct about that then I have had 40 users on discover.Thanks. I think I'll let them age a bit. It doesn't seem worth getting $25 per spot.
The discover is my oldest card and did tradelines on it from 3 different companies and only 2 to 3 users at a time rarely 4 users.
Point of reference: Bank of America shut down all of my accounts, not just those I was selling tradelines on. This included a business account. Thankfully, I wasn't relying on any of them.
Can also confirm this recently, last month or so: My wife was selling AU's on two BOA personal cards. Immediately after an AU add something triggered a security alert (locked out of her account, had to reset password, verify identity, etc.). End result was all her BOA personal credit cards, and a business credit card were shut down.
Tangential related warning if relevant, the net result on her credit score for those cards being closed seems to be about a 50 point ding. One of the closed cards was a bit older, and as a result her average age of credit now probably seems younger. The dip in credit score is not at all the end of the world for us, more a slight chuckle/annoyance but thought it might be worth pointing out this happened as a warning for anyone who it might have larger impact on. Always one more thing to consider
Just got my Discover login locked and they are requiring a 4506T verification. Normally this is used for income verification purposes, but it's weird this is happening out of the blue so I'm pretty sure it's tied to authorized user additions. Has anyone had this? My limit on this card is around 35 K, so it's possible with the current economic conditions they are verifying income on higher limits.
The customer service rep you talk to when you call just presses the same CLI button as you do. They have no higher decision making authority.Thanks!
If you apply for a CLI and get denied, you can talk to someone who may actually do something about it. To do that, search online for something called a 'recon number' for your particular credit card. Recon stands for reconsideration. In that case, you may plead your case for a CLI. These recon numbers are usually shared on credit-specific sites and forums.
Dang I just got an email from Capital One-- they are decreasing my CL from $30k to $10k!!!! It's a 13 yr old card too.
In the 2.5 years of selling AU spots, it's brought in over $8k.... and to make matters worse... we just signed to build a new house and will be shopping for a good mortgage loan rate! UGH!!!
I am going to call this afternoon to see if they will reconsider. Has anyone else had to go through this recently?
The reason for the reduction was due using only a portion of my CL. I've heard Chase and Cap One have been doing some auditing and reducing CL recently due to COVID/economy issues.
Dang I just got an email from Capital One-- they are decreasing my CL from $30k to $10k!!!! It's a 13 yr old card too.
In the 2.5 years of selling AU spots, it's brought in over $8k.... and to make matters worse... we just signed to build a new house and will be shopping for a good mortgage loan rate! UGH!!!
I am going to call this afternoon to see if they will reconsider. Has anyone else had to go through this recently?
The reason for the reduction was due using only a portion of my CL. I've heard Chase and Cap One have been doing some auditing and reducing CL recently due to COVID/economy issues.
Please report back if they agree to re instate your higher credit limit, I also got decreased by chase and Capital one.
Closure data point.
I had two USBank cards shut down.
The lines were approaching five years old. The letter from USBank said "The pattern of adding and removing authorized users on your accounts poses a risk to the bank." The letter and the closure were effective July 31.
They were with New Company from 1/2017 through 6/2019, then with Old Company from 7/2019 to now. I had a total of 18 AUs with New Company and 27 AUs with Old Company across these two cards. I never had more than three AUs on either card at any one time.
I followed all recommendations from both New Company and Old Company. Although it is disappointing, it is not surprising and I certainly expected this to happen at some point.
I still have little to no need to use credit cards, and I still have twelve credit cards from nine other issuers, and I am comfortable with the ongoing risk. So I plan to (a) continue selling on my other cards with Old Company, (b) age a couple of cards and enroll them when they get old enough, and (c) try to get more USBank credit cards for either SUBs or piggybacking at some point in the future.
Happy to give more details or answer questions although I may decline to answer some types of questions to maintain my privacy.
Further update, I received a phone call and an email from USBank reaching out to review my USBank checking account activity. The CSR seemed mystified as to why I was referrred to their department for review, and I didn't express my opinion that it was due to my piggybacking activity on my USBank credit cards. Anyway, he said that generally they reviewed to see if customers were using personal checking accounts for business activity, and the flagged activity clearly was not that (it was just general cash flow and paying my kids' college tuition bills and such). He said he'd make some notes and close out the referral.
(My commissions from piggybacking go into a different checking account.)
What's the best way to ask for credit line increase? Online or call? I'm specifically interested in Barclays. When I tried doing it online I got denied and it was a hard pull (showed up in Credit Karma, I'm not sure if it means hard or soft pull actually). If I was to call is it up to the person I'm talking to or are they going to do the same thing I've done myself online? Anyone know?
I don’t remember now but I think they said something about having multiple cards with them and the total credit being already high.What's the best way to ask for credit line increase? Online or call? I'm specifically interested in Barclays. When I tried doing it online I got denied and it was a hard pull (showed up in Credit Karma, I'm not sure if it means hard or soft pull actually). If I was to call is it up to the person I'm talking to or are they going to do the same thing I've done myself online? Anyone know?
What was the reason you were denied? There is a reason, either you've opened accounts too recently, your usage of the card is too low, your stated annual income isn't high enough, or some other reason. The reason isn't purely because you attempted online. If you didn't get a reason right away, some companies will send you a letter telling you why your request was denied. That way you'll have a better idea of what you need to change the next time you ask for an increase
Any tips on how to best "spend" on these cards without raising red flags? Most of the cards I posted for tradelines were sitting unused for the last several months/years. Obviously I will be keeping below 10% utilization. I was thinking about just buying a $10 Amazon giftcard on each card every month - any issues I may be overlooking with this strategy?
Dang I just got an email from Capital One-- they are decreasing my CL from $30k to $10k!!!! It's a 13 yr old card too.
In the 2.5 years of selling AU spots, it's brought in over $8k.... and to make matters worse... we just signed to build a new house and will be shopping for a good mortgage loan rate! UGH!!!
I am going to call this afternoon to see if they will reconsider. Has anyone else had to go through this recently?
The reason for the reduction was due using only a portion of my CL. I've heard Chase and Cap One have been doing some auditing and reducing CL recently due to COVID/economy issues.
If you have a bunch of cards doing tradelines, it helps to keep a spread sheet with the closing and pay dates and when you last made a purchase. I color code so I can see which ones have AU's on them and write myself notes like "spend Barclays" when I'm out on errands. If I need to just get them done, then $3 on Amazon it is.
I also do low balance forgiveness and there, amazon is the absolute best way. Too difficult to maximize $1.99 with a gas pump.
I am also wondering that when a card has a balance it reports (I know that). But then the next period it goes to zero, does it still report? Just for that period since it just went to zero?
We recommend a security closure when removing users to prevent fraudulent use of the account. If you refuse to close you will be responsible for all charges made by the authorized user unit the account is security closed.
I just had citi recommend a "security closure" when removing an AU. Seems bizarre.Quote from: Citi RepWe recommend a security closure when removing users to prevent fraudulent use of the account. If you refuse to close you will be responsible for all charges made by the authorized user unit the account is security closed.
If anyone knows of a decent Tradeline company that sells CITI card, and you are willing to share, please PM me the info.
I am also looking into the old company but I'm not sure if they are selling CITI still.
Gotta make up for the loss of my Cap One CL somehow :-)
(went from $30k CL down to $10k)
I have a question about Barclay tradelines. I have a Barclay card that is now eligible. I have read in the past that Barclay will not close accounts, but only allows a lifetime max of AU's. Is this correct? Is there a reason I should take the old company's recommendation and add only 2 AU's at a time, or should I max them out?
I'm starting to get adds for my discover card now, and holy shit it's easy. Everything is done online for the adds and the removal, it's so fast and easy compared to every other card I've been dealing with! I think i'm going to go apply for additional discover cards for me and my wife.
I had a weird experience with Citi today.
I added an AU online and got an error message "can't help you with that...call this number" or some such thing.
While reaching for my phone, I went back to my AU screen and it actually did have the AU on the card.
I decided not to call, because it shows the AU on the account now and I don't want to get unnecessary attention
But I am wondering if I should?
Last time I had a city add, months ago, I called to try and add the SSN and they told me that wasn't possible after I had been on hold for ever.
The AU posted anyways, but it's always a bit of a nail biter for me, as I had several not post a while ago.
I'd prefer not to call, but if anyone has any insight on what that error message could have triggered, please let me know.
If anyone knows of a decent Tradeline company that sells CITI card, and you are willing to share, please PM me the info.
I am also looking into the old company but I'm not sure if they are selling CITI still.
Gotta make up for the loss of my Cap One CL somehow :-)
(went from $30k CL down to $10k)
Old Company does indeed take Citibank.
I tried to add a couple of cards with the old company about two weeks ago. One of them was a citi card. They said they were not actively enrolling citi cards due to recent posting issues. They offered to give it a shot with a single spot but I declined that option and stuck with just adding the other card. I dislike dealing with posting issues but may see if anything changes down the road.
On their open enrollment emails Citi was missing from the list. That was my experience anyway.
I have a question about Barclay tradelines. I have a Barclay card that is now eligible. I have read in the past that Barclay will not close accounts, but only allows a lifetime max of AU's. Is this correct? Is there a reason I should take the old company's recommendation and add only 2 AU's at a time, or should I max them out?
All issuers probably close accounts from time to time, so I wouldn't take the lack of Barclays action as a guarantee.
There has been some anecdotal data on this thread about Barclays having a lifetime max. IIRC it's 35-45 or thereabouts.
The degree of risk you take is up to you. Personally I follow the TL company's recommendations to the letter as best I can (and still had two US Bank CC's shut down recently, FWIW). Others don't. I happen to suspect that more AUs at a time increases your risk of getting shut down, but I also don't think it's a hard and fast rule.
I have a number of barclay cards with old company. I added 2 more when they opened up a while back. They asked me if I wanted more than 2 spots each. I didn't give it a second thought at the time. I always have done 2 per and have been happy with the sales. I am now wondering if I should increase this knowing that shutdown risk is pretty low with BC and these sell well. Maybe 3 spots per card..
Anyone have any further thoughts or opinions on this? Thanks for any input!
I have a number of barclay cards with old company. I added 2 more when they opened up a while back. They asked me if I wanted more than 2 spots each. I didn't give it a second thought at the time. I always have done 2 per and have been happy with the sales. I am now wondering if I should increase this knowing that shutdown risk is pretty low with BC and these sell well. Maybe 3 spots per card..
Anyone have any further thoughts or opinions on this? Thanks for any input!
Is there a huge difference for you based on whether you get the income from selling three spots vs two?
Given that each Barclays card has a life time maximum number of users you can add, I'd operate under the assumption that given enough time, you will make those sales and max out the card. So if I could spread out the taxable income longer, and lower the risk of shutdown, I would. Your calculus could be different.
Last time I had a city add, months ago, I called to try and add the SSN and they told me that wasn't possible after I had been on hold for ever.
Another question about Synchrony (which I realize is likely to be fairly uncommon in credit portfolios here vs. some of the bigger issuers, ah well).
[1] First, regarding my earlier question, seeing that one of my cards from them is a VISA and one a MC, I'm wondering if anyone guesses I might be safer from any blowback if my tradeliner goes south because different networks? I go to different websites to manage them so they could be mostly unrelated.
Turns out that they each have different numbers of allowed AUs, too.
However, they both require calling to remove AUs (after what looks like easy online adds).
[2] My question is, can the reps see all of your AUs at once when you call? Because the number allowed is kind of ridic, and I can't imagine that it wouldn't look weird to have so many at once.
Yes, I know I can limit the number. I'd rather let it ride if it's OK by OC.
[1] First, regarding my earlier question, seeing that one of my cards from them is a VISA and one a MC, I'm wondering if anyone guesses I might be safer from any blowback if my tradeliner goes south because different networks? I go to different websites to manage them so they could be mostly unrelated.
Turns out that they each have different numbers of allowed AUs, too.
However, they both require calling to remove AUs (after what looks like easy online adds).Quote1. I highly doubt it. Risk is usually by the issuer (Chase, Citi, Discover, etc.), not by credit card backend processing network. It sort of sounds like you might actually have cards by two different issuers. I've only had one Synchrony Bank card, and it was just to get a decent discount on some car tires several years ago.
[2] My question is, can the reps see all of your AUs at once when you call? Because the number allowed is kind of ridic, and I can't imagine that it wouldn't look weird to have so many at once.
Yes, I know I can limit the number. I'd rather let it ride if it's OK by OC.Quote2. Probably, but I've always thought that the frontline CSRs doing the adds and removes don't look at that and don't care.
How many slots to allow is always up to you. Personally I've always gone with the TL company's recommendations.
I'm not sure if you just use one what the consequences for the other will be.
Chase is well known for shutting down all credit cards, and sometimes all accounts. I had two USBank accounts shut down, but I was adding AUs on both. My USBank checking account got reviewed but they left it open.
If it's from two different issuers, then consequences usually don't transfer. But again, hard to tell without seeing the cards, and I would not recommend posting images of your card here.
I think the best advice is what arebelspy says in the original post - or at least I'm pretty sure it's there - don't use any CCs for piggybacking that you're not OK with getting shut down.
I have been with the New Company for about 2 years now, but I recently started with the Old Company for a few of my newly seasoned cards.
Quote from Old Company regards Citi: "Citibank must be added by phone only using the name and social, it will not post if added online. After you add the AU, check your online account the next day to make sure they are on your AU list, and to be safe check it again the day before your statement date. Citibank has dropped AUs from accounts in the past so it's always good to check your account after you add them."
With the New Company, I have always done my Citi adds online because I hate calling in. So do you guys actually call in to add users when it comes to Citi?
FYI, looking back at my entire 2 year history with the New Company, I have had 58 orders in total. Only 2 of those orders have not posted, with both of them being from Citi (I'm 6 out of 8 for Citi posting). it makes me wonder if I should be calling in instead.
I have a number of barclay cards with old company. I added 2 more when they opened up a while back. They asked me if I wanted more than 2 spots each. I didn't give it a second thought at the time. I always have done 2 per and have been happy with the sales. I am now wondering if I should increase this knowing that shutdown risk is pretty low with BC and these sell well. Maybe 3 spots per card..
Anyone have any further thoughts or opinions on this? Thanks for any input!
Is there a huge difference for you based on whether you get the income from selling three spots vs two?
Given that each Barclays card has a life time maximum number of users you can add, I'd operate under the assumption that given enough time, you will make those sales and max out the card. So if I could spread out the taxable income longer, and lower the risk of shutdown, I would. Your calculus could be different.
Maybe just to churn through the card's max AUs and then replace the card with a new one? But might as well let the new one age while that's happening, unless they just won't issue you more without closing some.
I have been with the New Company for about 2 years now, but I recently started with the Old Company for a few of my newly seasoned cards.I've noticed Citi is more likely to not post verse other cars issuers even adding over the phone.
Quote from Old Company regards Citi: "Citibank must be added by phone only using the name and social, it will not post if added online. After you add the AU, check your online account the next day to make sure they are on your AU list, and to be safe check it again the day before your statement date. Citibank has dropped AUs from accounts in the past so it's always good to check your account after you add them."
With the New Company, I have always done my Citi adds online because I hate calling in. So do you guys actually call in to add users when it comes to Citi?
FYI, looking back at my entire 2 year history with the New Company, I have had 58 orders in total. Only 2 of those orders have not posted, with both of them being from Citi (I'm 6 out of 8 for Citi posting). it makes me wonder if I should be calling in instead.
I have been with the New Company for about 2 years now, but I recently started with the Old Company for a few of my newly seasoned cards.I've noticed Citi is more likely to not post verse other cars issuers even adding over the phone.
Quote from Old Company regards Citi: "Citibank must be added by phone only using the name and social, it will not post if added online. After you add the AU, check your online account the next day to make sure they are on your AU list, and to be safe check it again the day before your statement date. Citibank has dropped AUs from accounts in the past so it's always good to check your account after you add them."
With the New Company, I have always done my Citi adds online because I hate calling in. So do you guys actually call in to add users when it comes to Citi?
FYI, looking back at my entire 2 year history with the New Company, I have had 58 orders in total. Only 2 of those orders have not posted, with both of them being from Citi (I'm 6 out of 8 for Citi posting). it makes me wonder if I should be calling in instead.
That's exactly my experience with Citi.
If I call in the entire add (all of the info, without starting the process online), the CSR just goes down the list: Name, date of birth, social security number..." .
Whereas if I start the add online and then just call in to add the SSN it would be confusing to the CSR. I'd get comments like "the authorized user is already added" or "You don't need the SSN" or " I can't add the SSN" or they might finally say "Yes, I did it" but the AU didn't post so I had my doubts.
I've been getting a ton of adds recently with the New Company. I was lazy and didn't switch to the old company and boom, getting close to maxing out the three cards I have with them almost all in a spare of 1-2 months (2x discover cards and one BoA), including some adds that required an urgent off cycle credit report which was something new for me.
While working with some cards I noticed that US Bank is administered by Elan Financial. I also have a Fidelity card that is administered by Elan Financial. From prior reading in this forum I believe that when US Bank shuts a card down they shut down all US Bank cards.
I am now curious if a shut down of a US Bank card would get my Fidelity card shut down as well?
Just a note, I'm OK if this happens, just trying to learn more. Even if all my TL cards got shut down I have 2 more cards that don't qualify for TLs.
Thanks in advance
John
No, these are all pretty old cards. They even had me do off cycle report request so they could max out the cards. I'm thinking everyone was leaving the new company for the old and they don't have enough cards for their demand???QuoteI've been getting a ton of adds recently with the New Company. I was lazy and didn't switch to the old company and boom, getting close to maxing out the three cards I have with them almost all in a spare of 1-2 months (2x discover cards and one BoA), including some adds that required an urgent off cycle credit report which was something new for me.
I had a similar experience a few months ago. The card got 4 adds in 2 months, with only 1 ever prior to that. However I believe the reason was, the card was 10-11 months old. By adding at that moment the new company only had to pay me the lower rate. But the AU would be on there for about 3 months and get a posting that looks like at least a 1 year. The new company was likely charging for the higher level than what I was getting paid.
My guess is your cards are at that point as well?
No, these are all pretty old cards. They even had me do off cycle report request so they could max out the cards. I'm thinking everyone was leaving the new company for the old and they don't have enough cards for their demand???
Been forgetting to ask the group about this...
Does anyone know of other good cards from "Elan"? Like the other poster a couple of messages back, I only have the Fidelity card with them. It is easy for AU's and posts reliably. I would like to start seasoning another one but have not been able to find much... (Most of my searches show that Elan is good at advertising their card services to banks and CU's).
thanks for any pointers!
Same crap different year. 02/25/2020 order still not paid. They are batting 100% on non-payment so far since I signed up. I like how they send you a new order and it says to respond immediately. Them paying you the same respect to you.... not so much.Unfortunately you'll have to get used to it )-:
I guess I'll have to send an email again.
The payment issues are so wide spread and have been happening for so long that I can't believe it's not intentional at this point. You've mastered this business, all except being able to pay people on time? GTFO with that nonsense.
The payment issues are so wide spread and have been happening for so long that I can't believe it's not intentional at this point. You've mastered this business, all except being able to pay people on time? GTFO with that nonsense.
Agree. Just seeing if you miss one equals more money for them.
Been forgetting to ask the group about this...
Does anyone know of other good cards from "Elan"? Like the other poster a couple of messages back, I only have the Fidelity card with them. It is easy for AU's and posts reliably. I would like to start seasoning another one but have not been able to find much... (Most of my searches show that Elan is good at advertising their card services to banks and CU's).
thanks for any pointers!
You mean besides all the US Bank cards?
Ent credit union offers an Elan card.
https://www.ent.com/personal/loans/credit-cards/
I had one once but it got shut down due to suspicious authorized user activity.
Ent credit union offers an Elan card.
https://www.ent.com/personal/loans/credit-cards/
I had one once but it got shut down due to suspicious authorized user activity.
Is it available to everyone?
Can someone post the list of cards taken by the old company again?
Been forgetting to ask the group about this...
Does anyone know of other good cards from "Elan"? Like the other poster a couple of messages back, I only have the Fidelity card with them. It is easy for AU's and posts reliably. I would like to start seasoning another one but have not been able to find much... (Most of my searches show that Elan is good at advertising their card services to banks and CU's).
thanks for any pointers!
Very fascinated by this topic and interested.
I only have one card (my personal Chase Sapphire), which I will never use for trade lines. I would like to start applying for a BUNCH more so that I can potentially do this in a few years.
I have been trying to search for information on how many cards I can apply for in a short period (1 day - 1 month), but have had a hard time finding any decent information. Anyone able to shed light on that?
My personal situation:
-I have good credit (760-770 score)
-My credit utilization has been hovering between 10-20%, but I raised my credit line today, so now it should mostly stay under 10%
-My debt is: student loans, a mortgage, and a vehicle payment (6k balance on the vehicle)
I would like to get set up with 5+ cards that I basically never use and just let them age so that I can do tradelines later. A couple other questions I have:
-Can I get Credit Card X with 0 annual fee and just never use it ever and let it age and then do this? Seems like card issuers might not love that...?
-If No, how often do I have to use Card X if my only intention is to age it so that I can do this?
-I have concerns about my credit score being dinged if I go out and apply for a bunch of cards. I would like to invest in a SFH rental property in the next year, so keeping a high score is important.
Thanks so much for this info!
Very fascinated by this topic and interested.
I only have one card (my personal Chase Sapphire), which I will never use for trade lines. I would like to start applying for a BUNCH more so that I can potentially do this in a few years.
I have been trying to search for information on how many cards I can apply for in a short period (1 day - 1 month), but have had a hard time finding any decent information. Anyone able to shed light on that?
My personal situation:
-I have good credit (760-770 score)
-My credit utilization has been hovering between 10-20%, but I raised my credit line today, so now it should mostly stay under 10%
-My debt is: student loans, a mortgage, and a vehicle payment (6k balance on the vehicle)
I would like to get set up with 5+ cards that I basically never use and just let them age so that I can do tradelines later. A couple other questions I have:
-Can I get Credit Card X with 0 annual fee and just never use it ever and let it age and then do this? Seems like card issuers might not love that...?
-If No, how often do I have to use Card X if my only intention is to age it so that I can do this?
-I have concerns about my credit score being dinged if I go out and apply for a bunch of cards. I would like to invest in a SFH rental property in the next year, so keeping a high score is important.
Thanks so much for this info!
Can someone post the list of cards taken by the old company again?
Bank of America, Barclays, BBVA, Capital One, Chase, Citibank, Discover, Elan/Fidelity, NFCU, PNC, Synch Bank (Care Credit), TD Bank, US Bank, and USAA.
Can someone post the list of cards taken by the old company again?
Bank of America, Barclays, BBVA, Capital One, Chase, Citibank, Discover, Elan/Fidelity, NFCU, PNC, Synch Bank (Care Credit), TD Bank, US Bank, and USAA.
I was not able to add an USAA card within the last couple of weeks. Apparently there are issues with USAA allowing authorized users who are not related to the primary cardholder.
The payment issues are so wide spread and have been happening for so long that I can't believe it's not intentional at this point. You've mastered this business, all except being able to pay people on time? GTFO with that nonsense.
I've had issues with the new company in the past, but I don't think I've reconciled any of my payments for 2020 yet (it's been a wild year and I've really not been paying close attention to my finances). I suspect when I go to reconcile everything I'll be back to also bitch about delayed payments.
The payment issues are so wide spread and have been happening for so long that I can't believe it's not intentional at this point. You've mastered this business, all except being able to pay people on time? GTFO with that nonsense.
I've had issues with the new company in the past, but I don't think I've reconciled any of my payments for 2020 yet (it's been a wild year and I've really not been paying close attention to my finances). I suspect when I go to reconcile everything I'll be back to also bitch about delayed payments.
hooooo boy, I should have been more on top of paying attention to payments coming in (or not coming in rather). Have they (new company) switched book keeping methods? Previously the payments would show up in my bank account as something like "ACH Deposit COMPANY NAME TYPE: QUICKBOOKS CO: COMPANY NAME", but I haven't received a deposit since July 2019 even though I've had a lot of sales. Currently seeing a $1,000 discrepancy between my orders and deposits to my checking account. Some of that is recent stuff that shouldn't have posted, but at least have of it is long over due.
Paging @arebelspy to get to the bottom of this mystery.
ETA: I've emailed my spreadsheet directly to arebelspy.
The payment issues are so wide spread and have been happening for so long that I can't believe it's not intentional at this point. You've mastered this business, all except being able to pay people on time? GTFO with that nonsense.
I've had issues with the new company in the past, but I don't think I've reconciled any of my payments for 2020 yet (it's been a wild year and I've really not been paying close attention to my finances). I suspect when I go to reconcile everything I'll be back to also bitch about delayed payments.
hooooo boy, I should have been more on top of paying attention to payments coming in (or not coming in rather). Have they (new company) switched book keeping methods? Previously the payments would show up in my bank account as something like "ACH Deposit COMPANY NAME TYPE: QUICKBOOKS CO: COMPANY NAME", but I haven't received a deposit since July 2019 even though I've had a lot of sales. Currently seeing a $1,000 discrepancy between my orders and deposits to my checking account. Some of that is recent stuff that shouldn't have posted, but at least half of it is long over due.
Paging @arebelspy to get to the bottom of this mystery.
ETA: I've emailed my spreadsheet directly to arebelspy.
My USAA is still going strong after 3 years. I absolutely keep it to no more than 2 AUs at a time. Even though it's my highest payout card, I cringe a bit when I get an AU sale because of the hassle of adding the AU. They truly need an automated way of adding AUs.Can someone post the list of cards taken by the old company again?
Bank of America, Barclays, BBVA, Capital One, Chase, Citibank, Discover, Elan/Fidelity, NFCU, PNC, Synch Bank (Care Credit), TD Bank, US Bank, and USAA.
I was not able to add an USAA card within the last couple of weeks. Apparently there are issues with USAA allowing authorized users who are not related to the primary cardholder.
It's possible to do that, but USAA doesn't like it and will discourage the practice if they catch you.
Also, USAA's computer systems will throw weird errors if you try to add a third AU at any given time. The USAA CSRs usually are unfamiliar with this and will not really know how to proceed. My solution was to never have more than 2 AUs on my USAA CCs.
I don't know if they switched, but they did owe me in that range when I left. I didn't like being that much of a creditor, and I couldn't come up with any good answer for why they were paying late. And yes, being months overdue was not uncommon in my experience.
@arebelspy Do you know how long the enrollment period will be this time around? I have another card to enroll that just hit 2 years.... Thanks for any info!
I'd enroll anything 6+ months now, even if you wait for it to hit a certain age (2+ years or whatever) to make it "live."
I'd enroll anything 6+ months now, even if you wait for it to hit a certain age (2+ years or whatever) to make it "live."
Ah, so we can enroll now and put on hold until 2 years it sounds like.
Need to do that. I was aging some but don't want to do the $50 a spot thing.
Had a whoops today. Was adding someone to Barclay's and not paying attention to what I was doing. Accidentally used my address instead of the AU's. By the time I realized what I had done, I no longer had the correct address to use. I immediately emailed New Company but with the holiday, I don't expect this to be resolved in my favor. Any recommendations in the meantime?Call the CC company and have them update the address for the AU. Shouldn't be an issue.
Had a whoops today. Was adding someone to Barclay's and not paying attention to what I was doing. Accidentally used my address instead of the AU's. By the time I realized what I had done, I no longer had the correct address to use. I immediately emailed New Company but with the holiday, I don't expect this to be resolved in my favor. Any recommendations in the meantime?Call the CC company and have them update the address for the AU. Shouldn't be an issue.
When I clicked "added" all that info (his address, social, etc) was no longer accessible to me so I couldn't call in to add info.
I always cut and paste the user info into a document. I started doing this when I began, worried that I might need to verify some of his info when I called in to remove the user.
When I clicked "added" all that info (his address, social, etc) was no longer accessible to me so I couldn't call in to add info.
As I said before, if you tell the TL company the situation, they'll give it to you again. Hassle, but workable.
When I clicked "added" all that info (his address, social, etc) was no longer accessible to me so I couldn't call in to add info.
As I said before, if you tell the TL company the situation, they'll give it to you again. Hassle, but workable.
Yes I reached out the moment I realized my error, but as I mentioned, with it being a holiday weekend I didn't expect, nor have I gotten, a response.
The payment issues are so wide spread and have been happening for so long that I can't believe it's not intentional at this point. You've mastered this business, all except being able to pay people on time? GTFO with that nonsense.
I've had issues with the new company in the past, but I don't think I've reconciled any of my payments for 2020 yet (it's been a wild year and I've really not been paying close attention to my finances). I suspect when I go to reconcile everything I'll be back to also bitch about delayed payments.
hooooo boy, I should have been more on top of paying attention to payments coming in (or not coming in rather). Have they (new company) switched book keeping methods? Previously the payments would show up in my bank account as something like "ACH Deposit COMPANY NAME TYPE: QUICKBOOKS CO: COMPANY NAME", but I haven't received a deposit since July 2019 even though I've had a lot of sales. Currently seeing a $1,000 discrepancy between my orders and deposits to my checking account. Some of that is recent stuff that shouldn't have posted, but at least half of it is long over due.
Paging @arebelspy to get to the bottom of this mystery.
ETA: I've emailed my spreadsheet directly to arebelspy.
I was last paid in July and it was listed in Mint as "NEW COMPANY INC QUICKBOOKS PPD ID: 123456789"
Needed arebelspy to get me that payment (about $700 was owed at the time)
I'm caught up for now but expect another $850 by 12/31. I am not sure how much pressure to apply but I'd like to be current by EOY so as to be doing my taxes (and contributions) correctly. I expect another couple of hundred early next year.
I find you really, really need to track every sale on a spreadsheet. I put what card got a slot sold, the date, the name, the order #, the date I did the addition, the date I did the removal, how much I should get paid, what day I expect to be paid, and then if I did get paid. That way I can see how much is past due.
It sucks that they're absolutely terrible at paying out. But it is what it is. The owner guy never responds to emails. The woman who is the contact will reply but won't deal with bugging the owner guy about payments. Only arebelspy does anything useful.
Honestly I'd be fine letting the amount I'm owed grow and then get a payout only when it hits a large enough number, say every six months. It just sucks it's so hard to get them to do their job.
Just an FYI with the new company as well, I had/have an issue with them dropping the fee on a couple cards without even telling me. They were only dropped by $25 but should not have been as the CL's never changed or anything else that would have impacted the fee. I emailed about missing payments and the issue with the fees. Surprisingly I haven't heard back. </sarcasm>
Just an FYI with the new company as well, I had/have an issue with them dropping the fee on a couple cards without even telling me. They were only dropped by $25 but should not have been as the CL's never changed or anything else that would have impacted the fee. I emailed about missing payments and the issue with the fees. Surprisingly I haven't heard back. </sarcasm>
I encountered the same thing in 2018. Supposedly they have another person with exact same name as me and got us mixed up, so I was receiving the normal payment which differed from the MMM referral payment (which was $25 more). Supposedly got sorted out after getting arebelspy involved, but I still don't think they paid me all the money that was due. I'm unsure if that $50 payment was to rectify some previous wrong payments, or is a new payment for a different AU. Impossible to tell since none of their payments are coded or identified in anyway. I planned to wait until more time past and I would be able to match everything up in retrospect, but that's also proving difficult now. The only thing I can tell for sure is that there is a $1,000 discrepancy between sales and payments.
Just an FYI with the new company as well, I had/have an issue with them dropping the fee on a couple cards without even telling me. They were only dropped by $25 but should not have been as the CL's never changed or anything else that would have impacted the fee. I emailed about missing payments and the issue with the fees. Surprisingly I haven't heard back. </sarcasm>
I encountered the same thing in 2018. Supposedly they have another person with exact same name as me and got us mixed up, so I was receiving the normal payment which differed from the MMM referral payment (which was $25 more). Supposedly got sorted out after getting arebelspy involved, but I still don't think they paid me all the money that was due. I'm unsure if that $50 payment was to rectify some previous wrong payments, or is a new payment for a different AU. Impossible to tell since none of their payments are coded or identified in anyway. I planned to wait until more time past and I would be able to match everything up in retrospect, but that's also proving difficult now. The only thing I can tell for sure is that there is a $1,000 discrepancy between sales and payments.
I've kept track along the way with both Old and New Company exactly to avoid this situation. Old Company makes it easier because they pay pretty regularly - any adds this month are paid end of next. They don't itemize it by order, but if I ever am unsure I clarify with them so as to keep the running tally going.
(Of course I was the nerdy 17 year old manually reconciling my checkbook with my bank statement every month before Quicken.)
@arebelspy Do you know how long the enrollment period will be this time around? I have another card to enroll that just hit 2 years.... Thanks for any info!
They opened enrollment on the 15th of Aug, had about half the cards they wanted to add by the 28th of Aug. Cards maybe slowed coming in though so IDK? Could be a week, could be a month.
I'd enroll anything 6+ months now, even if you wait for it to hit a certain age (2+ years or whatever) to make it "live."
Back in July, Discover blocked my account for a while. They wanted a 4506-T form. I sent it in and they unblocked the account.I get it from Discover occasionally. Typically it's not a big deal. One time they requested address verification documents for the AU but failed to notify me in time for the AU to post. I would just login to Discover daily to see what the status is.
In late August I was able to add an AU as usual.
I just tried to add another AU and this message popped up.
"Verification of your authorized users is in progress.We will notify you of a final decision in 3-5 days, but it can take up to 30 days if we need more information from you."
Anyone else get this message? Is this card done for?
Well, with my first AU on my BoA card, they shut down all my cards (2 in total). For irregular authorized user activity. This was the first ever AU added to the card. I've always used only cards that can get burned, so this won't hurt all that much.
Beware.
Well, with my first AU on my BoA card, they shut down all my cards (2 in total). For irregular authorized user activity. This was the first ever AU added to the card. I've always used only cards that can get burned, so this won't hurt all that much.Could you please give a bit more details. Were you using the card beyond TL? How old was the card, or how long is your relationship with BoA. Did you have anything else with BoA (checking?). How long have you had the AU on the card? Did it have time to get posted?
Beware.
Well, with my first AU on my BoA card, they shut down all my cards (2 in total). For irregular authorized user activity. This was the first ever AU added to the card. I've always used only cards that can get burned, so this won't hurt all that much.
Beware.
Oh boy. I hope that doesn't become a thing. That would be really frustrating. They've always had that all automated, I don't know why that would change. It shows payment made on the paychex website?
Oh boy. I hope that doesn't become a thing. That would be really frustrating. They've always had that all automated, I don't know why that would change. It shows payment made on the paychex website?
It shows paid on the card portal (not the paychex website). I don't know that I've ever used the paychex website other then to get my 1099 for 2019....
UPDATE: Just checked Paychex website and it is NOT listed there, so the OLD Company obviously did not process August Month-End Payroll :(
I just added my first AUs to a barclay card. I unchecked the box to have them send me credit cards for the AUs. Was that a mistake?
My end of August payment also came through fine.
My end of August payment also came through fine.
Do you happen to have Capital One enrolled with them? I do know they didn't do some July payouts because of a problem with Capital One (Capital One had a major update and dropped a lot of credit limits, they had 30+ orders impacted by that and were manually verifying with all the cardholders their limit).
Yes, posted 8/31 minus for the AUs on my 3 CCs from CapOne.
My end of August payment also came through fine.
Do you happen to have Capital One enrolled with them? I do know they didn't do some July payouts because of a problem with Capital One (Capital One had a major update and dropped a lot of credit limits, they had 30+ orders impacted by that and were manually verifying with all the cardholders their limit).
Yes - my card is CapOne
Yes, that's correct. My sales on CapOne are marked as pending and should be paid next month (September). I have confirmed with them that my CL hasn't changed (got reduced) for any of my CapOne cards listed with them. Besides sending the Credit Karma screen shot they asked for, I also added my CapOne website screen shot for each of my CapOne cards.Yes, posted 8/31 minus for the AUs on my 3 CCs from CapOne.
Ah, so you had sales on Cap One cards and not Cap One cards and got paid for other cards, but not the Cap One cards?
Makes sense.
The weird thing then is WFUDEAC's showing paid on the portal, rather than pending.
Thanks for the detailed reply, ilsy!
I am planning to sign up for a whole round of as many no fee cards as I can to let them season for tradelines. I also want to request a credit increase on my citi card (I inquired about moving some credit limit from one card to another, but citi said they don't do that and I have to request an increase for a specific card).
I've applied for 2 cards simultaneously by having both applications open in separate tabs and submitting them within seconds of each other. Will this same technique work for up to 4-5 different cards? Should I request a credit increase on my citi before or after this round of applications, or is it not advisable to attempt both in such a short time period?
I had a BoA account that was shut down due to tradelines earlier this year. I don't have any accounts with any of the others I listed. I was thinking of adding a second discover card since I now know I can have 2 account with them.
I don't need pristine credit for anything in particular, but will it affect my tradeline sales? I assume applying for 6 cards will be 6 hard inquiries, and each will lower my score 5-10 points, so potentially a 30-60 point drop bringing me to around 770-800. Is my understanding of that correct? And does my credit score have an impact on raising the score of the AU, or does it strictly come from the perfect track record of the individual account?
I had a BoA account that was shut down due to tradelines earlier this year. I don't have any accounts with any of the others I listed. I was thinking of adding a second discover card since I now know I can have 2 account with them.
I don't need pristine credit for anything in particular, but will it affect my tradeline sales? I assume applying for 6 cards will be 6 hard inquiries, and each will lower my score 5-10 points, so potentially a 30-60 point drop bringing me to around 770-800. Is my understanding of that correct? And does my credit score have an impact on raising the score of the AU, or does it strictly come from the perfect track record of the individual account?
Answers about my BoA closure.
Just added the AUs. 2 cards. Cards open around 5 years. I do nothing with BoA other than cc's. I typically only put enough dollars on them to report and only when there's an AU on it (what I do with all my cards). I had zero rewards on them. I believe they allow cashing in of any amount as I see I recently cashed in $1.17. I do regularly cash rewards as soon as possible.
I'll re-iterate that I only use cards that can burn. I've considered closing the BoA cards before learning about tradelines. They don't give low balance forgiveness, so unlike Wells and Citi and Discover and USBank, they give me zilch without an Au.
How do you add a name that has accented letters like á? I got one final add today before I pulled my cards from new company and the name contains an á. I tried entering it online (With the intention of calling in the SSN), but apparently I cannot type it into the field, and I also can't paste anything into the field, so I'm restricted to english letters.
How do you add a name that has accented letters like á? I got one final add today before I pulled my cards from new company and the name contains an á. I tried entering it online (With the intention of calling in the SSN), but apparently I cannot type it into the field, and I also can't paste anything into the field, so I'm restricted to english letters.
Several ways to do this. See https://appuals.com/how-to-type-characters-with-accents-on-windows/ assuming you're using a Windows machine.
How do you add a name that has accented letters like á? I got one final add today before I pulled my cards from new company and the name contains an á. I tried entering it online (With the intention of calling in the SSN), but apparently I cannot type it into the field, and I also can't paste anything into the field, so I'm restricted to english letters.
Several ways to do this. See https://appuals.com/how-to-type-characters-with-accents-on-windows/ assuming you're using a Windows machine.
I think the restriction is on citi's end. I know how to type alternative characters and also use the copy/paste function, but citi's website doesn't allow any of that. None of the commands to type it showed up in the field, and it seems like pasting into the fields was forbidden. I just entered it without the accent, then called citi to add the SSN. I have a hard time getting citi to type in plain english characters, or do anything, so I'm not sure they would have had the ability to type it exactly as I intended anyway. Just adding the SSN took 4 explanations and 2 reps to accomplish.
Answers about my BoA closure.Thanks, that helps. I think I might be fine.
Just added the AUs. 2 cards. Cards open around 5 years. I do nothing with BoA other than cc's. I typically only put enough dollars on them to report and only when there's an AU on it (what I do with all my cards). I had zero rewards on them. I believe they allow cashing in of any amount as I see I recently cashed in $1.17. I do regularly cash rewards as soon as possible.
I'll re-iterate that I only use cards that can burn. I've considered closing the BoA cards before learning about tradelines. They don't give low balance forgiveness, so unlike Wells and Citi and Discover and USBank, they give me zilch without an Au.
Answers about my BoA closure.
Just added the AUs. 2 cards. Cards open around 5 years. I do nothing with BoA other than cc's. I typically only put enough dollars on them to report and only when there's an AU on it (what I do with all my cards). I had zero rewards on them. I believe they allow cashing in of any amount as I see I recently cashed in $1.17. I do regularly cash rewards as soon as possible.
I'll re-iterate that I only use cards that can burn. I've considered closing the BoA cards before learning about tradelines. They don't give low balance forgiveness, so unlike Wells and Citi and Discover and USBank, they give me zilch without an Au.
@Car Jack, which TL company was this card with? Old, New, or Other?
I had a BoA account that was shut down due to tradelines earlier this year. I don't have any accounts with any of the others I listed. I was thinking of adding a second discover card since I now know I can have 2 account with them.
I don't need pristine credit for anything in particular, but will it affect my tradeline sales? I assume applying for 6 cards will be 6 hard inquiries, and each will lower my score 5-10 points, so potentially a 30-60 point drop bringing me to around 770-800. Is my understanding of that correct? And does my credit score have an impact on raising the score of the AU, or does it strictly come from the perfect track record of the individual account?
I've done a minimum of 24 apps/CLI requests in the last 16 months and my credit score has only varied form about 800 to 819, currently at 815, barely touches it. Exactly 50% success for both. My success has dropped off lately, but I have done at least 9 in the last 2 months. If rejected the most common reasons are too many recent applications or too many new CCs. General credit pull back is probably affecting it also. I have shifted to about 30/70 apps/CLI. So with my recent lack of success is looks like my CLI are performing poorly, didn't expect that.
I just signed on with the Old company and received an AU. Yea! Citicard was not listed on the summary of the number of cycles per card but I was told that it was for two months. However, my order indicates to remove the AU in three months. I asked for clarification and was told that they were having some glitches in the system and that it indeed was a two month cycle and should be removed in mid November. However, online it still indicates Dec which would be 3 months. Has anyone else faced this issue and removed the AU in the “appropriate cycle month” instead of what it indicates on the order and it was OK?Yes, just remove when they tell you it's ok to remove. They will not update the on line removal date.
I just signed on with the Old company and received an AU. Yea! Citicard was not listed on the summary of the number of cycles per card but I was told that it was for two months. However, my order indicates to remove the AU in three months. I asked for clarification and was told that they were having some glitches in the system and that it indeed was a two month cycle and should be removed in mid November. However, online it still indicates Dec which would be 3 months. Has anyone else faced this issue and removed the AU in the “appropriate cycle month” instead of what it indicates on the order and it was OK?
Just submitted all my apps. TD Bank is down for maintenance, I didn't know that when I began app-o-rama.
Capital One - Approved
Discover - Approved
US Bank - Under Review
TD Bank - Couldn't apply
PNC Bank - Denied
BoA - Denied
I submitted them all within a few minutes of each other. I applied for them all simultaneously in an attempt to sneak them all in and bamboozle them into approving me. If I applied for them over time I'm afraid they pull my credit and see I've been applying for a new credit card every month and deny me. I'm not sure how well it worked though. I guess I will reapply for some of them later.
Just did app-o-rama for the wife:
BoA - Approved
Discover - Approved
Capital One - Requesting additional information regarding income
US Bank - Under Review
TD Bank - Couldn't apply
PNC Bank - Denied
Citi - Denied
Applied for a Barclaycard and got auto declined. Haven't applied for any cards since end of February, waited and hoped that I would qualify for a Barclaycard. I already have four cards with Barclays so maybe that's the reason. I couldn't even reach a person over the phone and ask why my application was declined. Will have to wait for the decline letter.
Did they pull your credit score? Also did you have high utilization on these cards?
From Credit Karma, it looks like they did a soft pull. (I could be wrong but I think they used to do a hard pull).
Very low utilization on both. $0 on one and $50/monthly charge on the second.
@frugalnacho I saw that you wrote the following a few months ago.
"I'm pretty sure tangling up the AU with your credit report entangles them with your address as well. I've also gotten stuff in the mail when I didn't use my own address, so now I simply use my own address for each one because it's easier."
Have you had any issues with using your own address? Which cards did you use it with? Both Chase and Discover specifically indicate to use the AU's address and not my own. Because Chase doesn't take the SSN, I was wondering if it would even work without their specific address. Just curious as much as anything. I don't have my Chase signed up with the Tradeline company but was going to add my own personal AU to it.
Any insight from others is appreciated.
@frugalnacho I saw that you wrote the following a few months ago.
"I'm pretty sure tangling up the AU with your credit report entangles them with your address as well. I've also gotten stuff in the mail when I didn't use my own address, so now I simply use my own address for each one because it's easier."
Have you had any issues with using your own address? Which cards did you use it with? Both Chase and Discover specifically indicate to use the AU's address and not my own. Because Chase doesn't take the SSN, I was wondering if it would even work without their specific address. Just curious as much as anything. I don't have my Chase signed up with the Tradeline company but was going to add my own personal AU to it.
Any insight from others is appreciated.
Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.
Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.
Same here. I even get occasional phone calls for which I just tell them they have the wrong number and I never hear back from them. Our mail carrier delivers everything including sometimes the neighbors mail. I'm not even sure he looks at the names. Probably just glances at the address.Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.
I get cards all the time. And collection agency letters. And letters from creditors to tell the AU that the account is going to collections. Always makes me wonder what these people are thinking.....pay money to become an AU to improve their score, then stop paying bills.
Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.
Clearly, someone is selling addresses. Just received an offer from Progressive for insurance targeted at a long ago AU. His name comes in various letters all the time. Most are from collection agencies, but insurance companies seem to like sending letters as well, offering to write insurance.
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!
Barclays is the easiest. It's all done online.
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!
Barclays is the easiest. It's all done online.
Agreed, but they do have an AU limit. I hit it on one of mine.
Not sure the limit (It's on one of these pages), but they won't close your card down.Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!
Barclays is the easiest. It's all done online.
Agreed, but they do have an AU limit. I hit it on one of mine.
Hey Car Jack, what is the Barclaycard limit?
Once you hit it, do they close your card down?
And if so, were you able to open a new account shortly after?
What are some good Elan cards to apply for?
Agree about Barclays, of course.
Elan is pretty good too. All online. Unknown if there are any AU limits or a limit to the # of cards.
Agree about Barclays, of course.
Elan is pretty good too. All online. Unknown if there are any AU limits or a limit to the # of cards.
Well, elan restricted my card. They cited pattern of adding & removing authorized users.
21 AU's over 2 years, so a good run.
Hope I was unlucky and they are not going to get more aggressive with others.
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!
Barclays is the easiest. It's all done online.
Agreed, but they do have an AU limit. I hit it on one of mine.
Hey Car Jack, what is the Barclaycard limit?
Once you hit it, do they close your card down?
And if so, were you able to open a new account shortly after?
Agree about Barclays, of course.
Elan is pretty good too. All online. Unknown if there are any AU limits or a limit to the # of cards.
Well, elan restricted my card. They cited pattern of adding & removing authorized users.
21 AU's over 2 years, so a good run.
Hope I was unlucky and they are not going to get more aggressive with others.
If they didn't outright cancel the card and only restricted it, oftentimes those restrictions are temporary.
So after following this thread for a few years, and having opened and seasoned a few cards, I finally signed up with the old company. I just got my first sale today! Woo hoo!!
It was on my Barclay's card. I did the online add (pretty simple), but there's no place to add the SSN. Looking at the PDF instructions from the company, it mentions only name, address and DOB. So I assume I'm good?
I'm sure this has been asked and answered many times already. Sorry for the repeat.
Yep, but make sure to put the AU's address, so it will post without the SSN.
I've never had a Barclays not post, and I've never called in to add the SSN.
The payment issues are so wide spread and have been happening for so long that I can't believe it's not intentional at this point. You've mastered this business, all except being able to pay people on time? GTFO with that nonsense.
I've had issues with the new company in the past, but I don't think I've reconciled any of my payments for 2020 yet (it's been a wild year and I've really not been paying close attention to my finances). I suspect when I go to reconcile everything I'll be back to also bitch about delayed payments.
hooooo boy, I should have been more on top of paying attention to payments coming in (or not coming in rather). Have they (new company) switched book keeping methods? Previously the payments would show up in my bank account as something like "ACH Deposit COMPANY NAME TYPE: QUICKBOOKS CO: COMPANY NAME", but I haven't received a deposit since July 2019 even though I've had a lot of sales. Currently seeing a $1,000 discrepancy between my orders and deposits to my checking account. Some of that is recent stuff that shouldn't have posted, but at least half of it is long over due.
Paging @arebelspy to get to the bottom of this mystery.
ETA: I've emailed my spreadsheet directly to arebelspy.
I decided a couple months ago to open some new cards so I can start seasoning them for future tradeline selling. Based on the info from this awesome thread, I first applied for and was approved for a Barclays card in August. Now, I want to open a second and possibly third and I'm not sure which ones to apply for. I currently have cards with Barclays, Citi, Chase, and Bank of America. Given that, I've narrowed the list down to the following issuers: Discover, PNC, US Bank, and Capital One. Which of these should I apply for and in what order? Also, is it ok to apply for two cards at the same time, or should I wait a few months between each?
Thanks in advance for your help and feedback.
-Jason
I decided a couple months ago to open some new cards so I can start seasoning them for future tradeline selling. Based on the info from this awesome thread, I first applied for and was approved for a Barclays card in August. Now, I want to open a second and possibly third and I'm not sure which ones to apply for. I currently have cards with Barclays, Citi, Chase, and Bank of America. Given that, I've narrowed the list down to the following issuers: Discover, PNC, US Bank, and Capital One. Which of these should I apply for and in what order? Also, is it ok to apply for two cards at the same time, or should I wait a few months between each?
Thanks in advance for your help and feedback.
-Jason
For piggybacking purposes, the thing I prefer to focus on is ease of adding and removing AUs. High credit limits and not getting shut down are also useful features. USBank (and Chase IIRC) can add online and remove via a SM. CapOne (and Barclays) can add and remove online. I don't know about the others.
If you don't have too many cards already (and by too many I mean 10+) and aren't worried about the near-term credit hit, then you can probably apply for two cards and get approved for both pretty easily. You do also want to be sure that you're following the issuer rules and restrictions (Chase 5/24 for example; other issuers have other less famous rules that they enforce). But if it's two cards by two different issuers I can't imagine a problem there. You can read about the issuer restrictions on Doctor of Credit and probably elsewhere as well.
As far as order goes, I usually order my apps in order of importance or value to me of getting the card. Since you're only doing two, you could have both apps filled out and open in two tabs on your browser and then try to submit them as simultaneously as possible. Doing it this way makes it somewhat possible that the two issuers' computers will not see your app to the other. Of course if you aren't auto-approved and a human looks at it, they'll probably notice the other app. Even so, applying for two cards isn't that strange. Credit analysts do look askance at application sprees though and will be somewhat concerned with large numbers of apps at one time (been there, done that, have the t-shirt).
I still have two AUs on my Discover card that were added back in August. I was going to remove them tomorrow, 10/13/2020, per the removal date indicated by the Old Company.This just happened to me this morning! I have 4 on right now. They must have done some sort of sweep. But I didn't see anywhere a max number of users in a period, only not more than 5 at a time. My message says until April--ugh
I received two new orders today. When I tried to add two new AUs on my Discover card today, I got the following message:
You've reached the maximum number of requests to add Authorized Users at this time.
You'll be able to add your next Authorized User on 11/13/2020 if you have fewer than 5 Authorized Users at that time.
I only have two AUs posted on my card right now. I should still be able to add three more AUs, but it looks like Discover is doing some kind of check to see how many AUs have been added the past few months and it looks like there's some kind of limit now.
Has anyone else encountered this?
I still have two AUs on my Discover card that were added back in August. I was going to remove them tomorrow, 10/13/2020, per the removal date indicated by the Old Company.This just happened to me this morning! I have 4 on right now. They must have done some sort of sweep. But I didn't see anywhere a max number of users in a period, only not more than 5 at a time. My message says until April--ugh
I received two new orders today. When I tried to add two new AUs on my Discover card today, I got the following message:
You've reached the maximum number of requests to add Authorized Users at this time.
You'll be able to add your next Authorized User on 11/13/2020 if you have fewer than 5 Authorized Users at that time.
I only have two AUs posted on my card right now. I should still be able to add three more AUs, but it looks like Discover is doing some kind of check to see how many AUs have been added the past few months and it looks like there's some kind of limit now.
Has anyone else encountered this?
September 2019: | 2 |
October 2019: | 2 |
February 2020: | 2 |
April 2020: | 1 |
June 2020: | 2 |
August 2020: | 2 |
I just got this email:
Hello Credit Partners,
We are writing to our credit partner network to let you know that Discover appears to have made some policy changes in regards to the volume of authorized users (AU’s) they are allowing their card holders to add and remove every year.
We have been able to confirm directly with Discover that they say their new policy is 7 AU’s every year, possibly on a rolling 12 month cycle. However, we are also watching our statistics closely and we have more than one confirmed instance of a credit partner still being able to add an AU with more than 7 AU’s in their history in the last 12 months and more than one instance of a credit partner with less than 7 AU’s in the last year being restricted on adding AU’s. Therefore, it does not appear that these rules are being enforced uniformly across the board with everyone.
In response, we have temporarily reduced the maximum number of AU’s to one per Discover card while we continue to monitor and track stats on the situation.
If you receive a message from Discover saying that you cannot add another AU until a certain date, please let us know that date so we can note you account.
We will keep you informed on any new developments we find out as the information comes in.
Old company really slowed down for me in the past few months and then did not pay me until I emailed them months after they should have paid. I may have to say good bye to them altogether.
This whole gig was better a few years ago for sure.
No, I mean Old company for sure ( it was the only company on here for a while...as you know since you are the Godfather and all...:). ), it super slowed down for me and the payments just stopped. The new company has been consistent and easy to deal with.Old company really slowed down for me in the past few months and then did not pay me until I emailed them months after they should have paid. I may have to say good bye to them altogether.
This whole gig was better a few years ago for sure.
Old company's payments are all automated monthly. Did you mean new company? They're the only ones with late payments AFAIK.
For me it's as good as it's ever been, old company is seeing tons of growth/sales.
No, I mean Old company for sure ( it was the only company on here for a while...as you know since you are the Godfather and all...:). ), it super slowed down for me and the payments just stopped. The new company has been consistent and easy to deal with.Old company really slowed down for me in the past few months and then did not pay me until I emailed them months after they should have paid. I may have to say good bye to them altogether.
This whole gig was better a few years ago for sure.
Old company's payments are all automated monthly. Did you mean new company? They're the only ones with late payments AFAIK.
For me it's as good as it's ever been, old company is seeing tons of growth/sales.
For piggybacking purposes, the thing I prefer to focus on is ease of adding and removing AUs. High credit limits and not getting shut down are also useful features. USBank (and Chase IIRC) can add online and remove via a SM. CapOne (and Barclays) can add and remove online. I don't know about the others.
If you don't have too many cards already (and by too many I mean 10+) and aren't worried about the near-term credit hit, then you can probably apply for two cards and get approved for both pretty easily. You do also want to be sure that you're following the issuer rules and restrictions (Chase 5/24 for example; other issuers have other less famous rules that they enforce). But if it's two cards by two different issuers I can't imagine a problem there. You can read about the issuer restrictions on Doctor of Credit and probably elsewhere as well.
As far as order goes, I usually order my apps in order of importance or value to me of getting the card. Since you're only doing two, you could have both apps filled out and open in two tabs on your browser and then try to submit them as simultaneously as possible. Doing it this way makes it somewhat possible that the two issuers' computers will not see your app to the other. Of course if you aren't auto-approved and a human looks at it, they'll probably notice the other app. Even so, applying for two cards isn't that strange. Credit analysts do look askance at application sprees though and will be somewhat concerned with large numbers of apps at one time (been there, done that, have the t-shirt).
Discover is also added/removed online. Super easy.
I'm skeptical that submitting the apps simultaneously can actually bamboozle anyone based on my recent experience of applying for 13 cards between myself and my wife. I didn't submit them simultaneously, but some within seconds of each other, and all within a few minute time span. Many of the rejections were instantaneous and the reasoning given in the follow up letter was that I had applied for too many credit accounts recently. Since I haven't applied for a new card in like 2 years, they must be talking about the accounts I applied to just seconds before submitting their application.
A database can be updated in a fraction of a second. There's no reason to think that you clicking submit on two applications as quickly as you can (probably taking 1-2 second) will outrun the computer. Especially since credit card companies have a vested interest in denying credit to someone trying to submit multiple applications simultaneously. Even for those of us just trying to take advantage of tradelines or rewards. There's also fraud prevention. How many completely fraudulent credit card applications are submitted by bots or some person committing identity theft? Limiting applications is a risk management strategy. Better to have only one card approved than 5-10 which could be used for fraud - ultimately leaving the credit card company (well the bank issuing the card) on the hook.
Officially hit 5 figures this year for the first time on tradeline sales! Big thanks to @arebelspy for turning me onto this! To date I've made a little over $23k selling tradelines!
Officially hit 5 figures this year for the first time on tradeline sales! Big thanks to @arebelspy for turning me onto this! To date I've made a little over $23k selling tradelines!
Nice, Ducky! What's your card inventory look like?
Officially hit 5 figures this year for the first time on tradeline sales! Big thanks to @arebelspy for turning me onto this! To date I've made a little over $23k selling tradelines!+1
Officially hit 5 figures this year for the first time on tradeline sales! Big thanks to @arebelspy for turning me onto this! To date I've made a little over $23k selling tradelines!
Officially hit 5 figures this year for the first time on tradeline sales! Big thanks to @arebelspy for turning me onto this! To date I've made a little over $23k selling tradelines!+1
I may reach 5 figures in sales this year as well. Discover being put on hold may put me just under the 10K mark.
Got a funny add today from the new company. Like this.
First name: Joe
Last name: Joe Blow
Yah, I emailed them to ask. I think the AU screwed up and the tradeline company just let it slide right through.
Question about Fidelity cards. Some people earlier in this thread mentioned that Fidelity closed their cards after they sold a certain number of tradelines (around 10 if i remember). If Fidelity closes your card for selling tradelines and you have more than one Fidelity card, does it close just that card or all your cards with them? If you also have investment accounts with Fidelity, do these get closed too?
Question about Fidelity cards. Some people earlier in this thread mentioned that Fidelity closed their cards after they sold a certain number of tradelines (around 10 if i remember). If Fidelity closes your card for selling tradelines and you have more than one Fidelity card, does it close just that card or all your cards with them? If you also have investment accounts with Fidelity, do these get closed too?
Here is my experience. Fidelity card closed by Elan. Other card issued by elan unaffected (so far - it has been a couple of weeks). Fidelity accounts are unaffected. I don't do a lot of business with Fidelity but several accounts are still there & working.
BTW, I wonder if my elan/fidelity closure was triggered by opening a new elan issued card. All happened in the same ~30 days. I thought I was smart getting a new elan card to season for two years. Not so sure now. However, this could be a coincidence.
valley bank
valley bank
What credit limit did you get if you don't mind me asking? Are they generous with credit limits compared to other issuers?
valley bank
What credit limit did you get if you don't mind me asking? Are they generous with credit limits compared to other issuers?
20K limit. Seems in line with other lenders.
Does anyone have a current payout schedule they can send me (for the Old Company)? I have been out of the game a few years and I am just getting organized to start back up.
Thanks in advance!
Does anyone have a current payout schedule they can send me (for the Old Company)? I have been out of the game a few years and I am just getting organized to start back up.
Thanks in advance!
This post (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2676897/#msg2676897) should still be accurate.
I'm sure lots of you maximize cards that are either aging for tradelines or aren't accepted by doing the low balance forgiveness thing, adding either 99 cents or $1.99 to your amazon gift card. Well, I did this with my Citizen's Bank Visa with 99 cents and got unexpected results. The 99 cents was not forgiven, but my automatic payment didn't pay. I found this out when going in a couple months later, having bought a $500 Visa gift card at Stop & Shop for 3X gas points (yet 2 more "scams" I work). I go to redeem my $25 accumulated bonus at Citizens and it won't let me, saying the account is ineligible for rewards. I call and ask why. They say that because my account is past due, I can't get rewards. I'm like "what? I'm on auto pay. How can I be past due?". They upgrade to a supervisor and figure out that since their MINIMUM payment for auto pay is $1, it didn't accept the 99 cent payment. They did correct the whole thing and there's no charges or fees or credit reporting or anything, but what a freaking clown show. I was able to redeem this morning.
Just something to keep your eye on if you're always looking for more freebies out there.
A tip and a story.
When you receive an AU's card, put it somewhere and keep it until it is removed. Why? If the TL doesn't post in the AU's report for some reason, snapping a picture of it proves you added the card and saves you the payment. Happened to me and I was happy I kept the card. Some card websites have only an "add authorized user" capability but no ability to see AUs.
Also, why are you opening mail addressed to a (former) AU? Just mark as unknown recipient, return to sender and stick it back in the outgoing mail. :)
Also, why are you opening mail addressed to a (former) AU? Just mark as unknown recipient, return to sender and stick it back in the outgoing mail. :)
Entertainment partly and don't want the mail carrier to start returning stuff that's not in our names. I've read others here who have mail carriers who won't deliver something with another addressee's name. Don't need to tempt fate there.
Also, why are you opening mail addressed to a (former) AU? Just mark as unknown recipient, return to sender and stick it back in the outgoing mail. :)
Entertainment partly and don't want the mail carrier to start returning stuff that's not in our names. I've read others here who have mail carriers who won't deliver something with another addressee's name. Don't need to tempt fate there.
It also doesn't work. It will get rid of that particular piece of mail, but all future mail to that name end up in my mailbox. We've owned our house for 10 year now, and it was vacant and in foreclosure for years before that, and we still get mail for the former residents. We must have returned-to-sender dozens of pieces of mail for the former residents, but no matter how many we send back they keep coming regularly. It's not quite as bad with the AU I add, but I still get lots of mail for them, and it's the same story - return to sender is useless.
Our policy now is that anything addressed to our address, but not us, gets tossed in the garbage.
I need an advice. I made a mistake and added AU to a wrong card. What do I do now? Do I do nothing and let it just not post or do I email the company and let them know? Either way I know I'm not getting $, but wondering if I need to tell the company.
But that card is not even enrolled :(I need an advice. I made a mistake and added AU to a wrong card. What do I do now? Do I do nothing and let it just not post or do I email the company and let them know? Either way I know I'm not getting $, but wondering if I need to tell the company.
Yes, tell the company.
Maybe they can shift the order to another card that meets the client's criteria.
But that card is not even enrolled :(I need an advice. I made a mistake and added AU to a wrong card. What do I do now? Do I do nothing and let it just not post or do I email the company and let them know? Either way I know I'm not getting $, but wondering if I need to tell the company.
Yes, tell the company.
Maybe they can shift the order to another card that meets the client's criteria.
Thanks. I notified them. They can't do anything about it but appreciated being told.But that card is not even enrolled :(I need an advice. I made a mistake and added AU to a wrong card. What do I do now? Do I do nothing and let it just not post or do I email the company and let them know? Either way I know I'm not getting $, but wondering if I need to tell the company.
Yes, tell the company.
Maybe they can shift the order to another card that meets the client's criteria.
They can shift it to a different person's card.
You need to tell them simply because the client will be affected. They have someone who paid to get added to a specific card (age/limit) as an AU. It didn't happen. They need to be made aware so they can reach out to the person, fix it, etc. If that person is expecting the bump for a particular purpose, this could affect them quite a bit.
You can always offer to add them to the correct card as well. But yes, contact them ASAP.
I have a 20k Discover & Capital One card listed with the old company that I have been trying to get over that magic 20k level. On both cards I have a attempted a CLI a few times but keep getting turned down for "low usage of existing line of credit in previous month(s)".
Most of my spending goes on my Discover. In the last 6 months I charged 3k, the prior 6 months to that I charged 9.4k (12.4k total). Paying the balance in full every month. I called for reconsideration on Discover but failed, I attempted to get the rep to tell me how much spending I needed, but all he would tell me is "more".
Does anyone know how much spending and over what time period is needed to get a CLI above 20k (for both Discover and Capital One)?
FYI, at the moment I am focusing my spending on Discover. Once I get a successful CLI I will switch spending to the Capital One card. I am also starting to look for more creative ways to spend, like paying utilities with the cards.
but you will eventually run out of slots, and over time the higher CL card earn more than the lower CL one.I have a 20k Discover & Capital One card listed with the old company that I have been trying to get over that magic 20k level. On both cards I have a attempted a CLI a few times but keep getting turned down for "low usage of existing line of credit in previous month(s)".
Most of my spending goes on my Discover. In the last 6 months I charged 3k, the prior 6 months to that I charged 9.4k (12.4k total). Paying the balance in full every month. I called for reconsideration on Discover but failed, I attempted to get the rep to tell me how much spending I needed, but all he would tell me is "more".
Does anyone know how much spending and over what time period is needed to get a CLI above 20k (for both Discover and Capital One)?
FYI, at the moment I am focusing my spending on Discover. Once I get a successful CLI I will switch spending to the Capital One card. I am also starting to look for more creative ways to spend, like paying utilities with the cards.
I'm not really sure anyone can answer that. But I will tell you my lower CL Barclaycard routinely sells more slots than my higher CL Barclaycard. So much so that I've actually considered dropping the CL on the higher limit card.
Yep! That's precisely why I haven't dropped the limit. Logic prevails ( :but you will eventually run out of slots, and over time the higher CL card earn more than the lower CL one.I have a 20k Discover & Capital One card listed with the old company that I have been trying to get over that magic 20k level. On both cards I have a attempted a CLI a few times but keep getting turned down for "low usage of existing line of credit in previous month(s)".
Most of my spending goes on my Discover. In the last 6 months I charged 3k, the prior 6 months to that I charged 9.4k (12.4k total). Paying the balance in full every month. I called for reconsideration on Discover but failed, I attempted to get the rep to tell me how much spending I needed, but all he would tell me is "more".
Does anyone know how much spending and over what time period is needed to get a CLI above 20k (for both Discover and Capital One)?
FYI, at the moment I am focusing my spending on Discover. Once I get a successful CLI I will switch spending to the Capital One card. I am also starting to look for more creative ways to spend, like paying utilities with the cards.
I'm not really sure anyone can answer that. But I will tell you my lower CL Barclaycard routinely sells more slots than my higher CL Barclaycard. So much so that I've actually considered dropping the CL on the higher limit card.
Can you guys clarify for me how the slots work with old company? I currently have 2 AU’s on my PNC card, both set to be removed in December. For a while my dashboard showed 0 of 2 spots available, which corresponds with the FAQ that says 2 AU’s max for PNC. A few weeks ago, it switched to 1 of 2 spots available which I thought was odd. Today I got another order. I thought they were going to only have a limited number of people on each card at a time so now I’m a bit confused. Should I add the order or is this an error?
I did message them but since it’s the weekend not sure if I will hear back before the deadline to add the order.
Hello gang! I ran into something with barclays today and am wondering if anyone else has seen it. I received a new TL to add. When I went into the authorized users screen, I noticed a message saying I needed to verify AU's. When I clicked on the screen, it said I needed to verify two AU's (the 2 current ones) or the card might be restricted. At first, I was alarmed... I went into the screen for each AU and it wanted me to verify DOB, Citizenship and Address. It had DOB and Address populated but neither yes nor no on citizenship. I rarely get non US citizens for TL sales so I knew both of these should be yes. I set them to yes and proceeded. All seems fine.
Has anyone else seen this?
I am hoping it is not a sign that BC is going to tighten up in this area..!
Lastly, the fact that I know I set citizenship when adding these AU's makes me wonder if this was just some glitch in their system.
thanks for any thoughts here!
It's my first year going big on tradelines and I had a question on taxes.
I'm with Old Company for most cards and New Company for 1 card. Old Company sends a 1099 through their payroll company. Looks like 1099 MISC. Does that have to go on Schedule C where I end up paying self employment tax? Or can I report is as "other income" on my 1040 and just pay ordinary income tax rates? In other words, which box on the 1099 MISC is the income reported in?
I don't have to worry about any 1099's from New Company because it seems they'll never pay ;)
I don't have to worry about any 1099's from New Company because it seems they'll never pay ;)
Hello gang! I ran into something with barclays today and am wondering if anyone else has seen it. I received a new TL to add. When I went into the authorized users screen, I noticed a message saying I needed to verify AU's. When I clicked on the screen, it said I needed to verify two AU's (the 2 current ones) or the card might be restricted. At first, I was alarmed... I went into the screen for each AU and it wanted me to verify DOB, Citizenship and Address. It had DOB and Address populated but neither yes nor no on citizenship. I rarely get non US citizens for TL sales so I knew both of these should be yes. I set them to yes and proceeded. All seems fine.
Has anyone else seen this?
I am hoping it is not a sign that BC is going to tighten up in this area..!
Lastly, the fact that I know I set citizenship when adding these AU's makes me wonder if this was just some glitch in their system.
thanks for any thoughts here!
Question about Fidelity cards. Some people earlier in this thread mentioned that Fidelity closed their cards after they sold a certain number of tradelines (around 10 if i remember). If Fidelity closes your card for selling tradelines and you have more than one Fidelity card, does it close just that card or all your cards with them? If you also have investment accounts with Fidelity, do these get closed too?My Fidelity card was closed months ago, but I still have my investment accounts with Fidelity.
Hello gang! I ran into something with barclays today and am wondering if anyone else has seen it. I received a new TL to add. When I went into the authorized users screen, I noticed a message saying I needed to verify AU's. When I clicked on the screen, it said I needed to verify two AU's (the 2 current ones) or the card might be restricted. At first, I was alarmed... I went into the screen for each AU and it wanted me to verify DOB, Citizenship and Address. It had DOB and Address populated but neither yes nor no on citizenship. I rarely get non US citizens for TL sales so I knew both of these should be yes. I set them to yes and proceeded. All seems fine.
Has anyone else seen this?
I am hoping it is not a sign that BC is going to tighten up in this area..!
Lastly, the fact that I know I set citizenship when adding these AU's makes me wonder if this was just some glitch in their system.
thanks for any thoughts here!
Thank you for letting the community know about this. I just logged into my account and checked the US citizen bubble for each user.
Thank you for letting the community know about this. I just logged into my account and checked the US citizen bubble for each user.
What happens if your auth user is not a US citizen? For example, your friend or family member who moved to the US recently and wants to improve their credit history. Does barclays not allow to add them?
Hello gang! I ran into something with barclays today and am wondering if anyone else has seen it. I received a new TL to add. When I went into the authorized users screen, I noticed a message saying I needed to verify AU's. When I clicked on the screen, it said I needed to verify two AU's (the 2 current ones) or the card might be restricted. At first, I was alarmed... I went into the screen for each AU and it wanted me to verify DOB, Citizenship and Address. It had DOB and Address populated but neither yes nor no on citizenship. I rarely get non US citizens for TL sales so I knew both of these should be yes. I set them to yes and proceeded. All seems fine.
Has anyone else seen this?
I am hoping it is not a sign that BC is going to tighten up in this area..!
Lastly, the fact that I know I set citizenship when adding these AU's makes me wonder if this was just some glitch in their system.
thanks for any thoughts here!
It's my first year going big on tradelines and I had a question on taxes.
I'm with Old Company for most cards and New Company for 1 card. Old Company sends a 1099 through their payroll company. Looks like 1099 MISC. Does that have to go on Schedule C where I end up paying self employment tax? Or can I report is as "other income" on my 1040 and just pay ordinary income tax rates? In other words, which box on the 1099 MISC is the income reported in?
I don't have to worry about any 1099's from New Company because it seems they'll never pay ;)
The proper answer is to consult your tax preparer.
If you view it as a business, then it should go on Schedule C. You'll pay SE taxes, but get an adjustment for 1/2 of those. Your income will qualify for contributions to an IRA and towards SS and Medicare. You can deduct business expenses against the income.
If you view it as a hobby that you happen to get income from, then it should go on the Other Income line on Schedule 1. You won't pay SE taxes, won't get the adjustment, and the income won't count for IRA contributions, SS, or Medicare purposes.
To help you decide which is appropriate for you, you might want to look at:
https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses
For those of you who are newer at this - how long did it take you to get an order? I've been all set up in the system for about a week now and... crickets.
-W
For those of you who are newer at this - how long did it take you to get an order? I've been all set up in the system for about a week now and... crickets.
-W
It's my first year going big on tradelines and I had a question on taxes.
I'm with Old Company for most cards and New Company for 1 card. Old Company sends a 1099 through their payroll company. Looks like 1099 MISC. Does that have to go on Schedule C where I end up paying self employment tax? Or can I report is as "other income" on my 1040 and just pay ordinary income tax rates? In other words, which box on the 1099 MISC is the income reported in?
I don't have to worry about any 1099's from New Company because it seems they'll never pay ;)
The proper answer is to consult your tax preparer.
If you view it as a business, then it should go on Schedule C. You'll pay SE taxes, but get an adjustment for 1/2 of those. Your income will qualify for contributions to an IRA and towards SS and Medicare. You can deduct business expenses against the income.
If you view it as a hobby that you happen to get income from, then it should go on the Other Income line on Schedule 1. You won't pay SE taxes, won't get the adjustment, and the income won't count for IRA contributions, SS, or Medicare purposes.
To help you decide which is appropriate for you, you might want to look at:
https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses
I know zilch about filing a business return, but was wondering if it would be more profitable to sell tradelines as a business and file as a business rather than under personal income. Would conducting this effort as a business be more profitable due to the ability to conduct business expenses, such as home office deductions? What is the tax rate on the income if you file it as Schedule C income? Does a business pay self employment tax in addition to income tax?
Somewhere way back in this thread someone posted a link to a thread about taxes. That thread is a good one. I will post it if I can find it.
I am deducting PO box rental. I probably need to deduct the annual fee for 1 CC that has it and is used for TL sales.
I have a "BBVA Amex" card that is not eligible for any tradelines. With PNC buying up BBVA, do you think this card will become eligible for tradelines in the near future?
I've hit the lifetime AU slot limit on a Barclays card. Does anyone know of any tricks to reset the limit?
Somewhere way back in this thread someone posted a link to a thread about taxes. That thread is a good one. I will post it if I can find it.
I am deducting PO box rental. I probably need to deduct the annual fee for 1 CC that has it and is used for TL sales.
Somewhere way back in this thread someone posted a link to a thread about taxes. That thread is a good one. I will post it if I can find it.
I am deducting PO box rental. I probably need to deduct the annual fee for 1 CC that has it and is used for TL sales.
Did you mean this one: Small Business and Miscellaneous Income Best Practices (https://forum.mrmoneymustache.com/taxes/small-business-and-miscellaneous-income-best-practices/msg1412209/) ?
(Thread created to break off tax strategy discussion from Selling Tradelines Side Gig thread.)
I've hit the lifetime AU slot limit on a Barclays card. Does anyone know of any tricks to reset the limit?
I've hit the lifetime AU slot limit on a Barclays card. Does anyone know of any tricks to reset the limit?
Hi Gogore, would you be willing to try requesting a credit card number change on your Barclays card and report back on whether that resets your AU limit. A TL company I've been using said that sometimes that is successful in reseting the limit, though not 100% of the time.
I would try this myself but I'm not at the limit yet.
I've hit the lifetime AU slot limit on a Barclays card. Does anyone know of any tricks to reset the limit?
Hi Gogore, would you be willing to try requesting a credit card number change on your Barclays card and report back on whether that resets your AU limit. A TL company I've been using said that sometimes that is successful in reseting the limit, though not 100% of the time.
I would try this myself but I'm not at the limit yet.
I'm game... the only option for this, I think, is to report the card stolen or lost. Is there a better option?
Anyone having issues with Citi cards reporting on AUs? What do I say to Citi without raising any red flags?
Anyone having issues with Citi cards reporting on AUs? What do I say to Citi without raising any red flags?
Citi has always had issues reporting AUs, in my experience. Even if you do everything correctly with plenty of time to spare, I'd say about 1 in 3 will just not post, inexplicably.
+1 to what Moneytree said. I don't get a lot of Citi adds for that reason I'm sure as the tradeline company knows Citi is hit or miss. Not much you can do really.Anyone having issues with Citi cards reporting on AUs? What do I say to Citi without raising any red flags?
Citi has always had issues reporting AUs, in my experience. Even if you do everything correctly with plenty of time to spare, I'd say about 1 in 3 will just not post, inexplicably.
Is there anything I can say/ask to ensure that it gets fixed? Maybe ask them to remove and re-add? Or is that too fishy?
+1 to what Moneytree said. I don't get a lot of Citi adds for that reason I'm sure as the tradeline company knows Citi is hit or miss. Not much you can do really.Anyone having issues with Citi cards reporting on AUs? What do I say to Citi without raising any red flags?
Citi has always had issues reporting AUs, in my experience. Even if you do everything correctly with plenty of time to spare, I'd say about 1 in 3 will just not post, inexplicably.
Is there anything I can say/ask to ensure that it gets fixed? Maybe ask them to remove and re-add? Or is that too fishy?
+1 to what Moneytree said. I don't get a lot of Citi adds for that reason I'm sure as the tradeline company knows Citi is hit or miss. Not much you can do really.Anyone having issues with Citi cards reporting on AUs? What do I say to Citi without raising any red flags?
Citi has always had issues reporting AUs, in my experience. Even if you do everything correctly with plenty of time to spare, I'd say about 1 in 3 will just not post, inexplicably.
Is there anything I can say/ask to ensure that it gets fixed? Maybe ask them to remove and re-add? Or is that too fishy?
That hasn't been my experience at all with Citi! I have had 7 AUs this year on a couple of different cards, and they have all posted. I had 3 not post with Barclay and 1 with Discover. Citi is admittedly a PITA as far as adding/removing users as you have to call them in. I never do any of the add process online - I know some people will add online then call to add the SS#. If I'm already going to have to call, I may as well just do it all at once. Occasionally I will get sent to their fraud department and have to complete some extra verification steps before they will complete the add, but the last add I've had for Citi that didn't post was January 2019.
Citi is admittedly a PITA as far as adding/removing users as you have to call them in. I never do any of the add process online - I know some people will add online then call to add the SS#. If I'm already going to have to call, I may as well just do it all at once.
Hello gang! I ran into something with barclays today and am wondering if anyone else has seen it. I received a new TL to add. When I went into the authorized users screen, I noticed a message saying I needed to verify AU's. When I clicked on the screen, it said I needed to verify two AU's (the 2 current ones) or the card might be restricted. At first, I was alarmed... I went into the screen for each AU and it wanted me to verify DOB, Citizenship and Address. It had DOB and Address populated but neither yes nor no on citizenship. I rarely get non US citizens for TL sales so I knew both of these should be yes. I set them to yes and proceeded. All seems fine.
Has anyone else seen this?
I am hoping it is not a sign that BC is going to tighten up in this area..!
Lastly, the fact that I know I set citizenship when adding these AU's makes me wonder if this was just some glitch in their system.
thanks for any thoughts here!
Does anyone know the new payment schedule for the old company? I sold my first (after about a year) and got paid $50. This was for a $25k limit card that was 4 years old. I seem to remember a payment schedule that was quite a bit higher than $50.
Does anyone know the new payment schedule for the old company? I sold my first (after about a year) and got paid $50. This was for a $25k limit card that was 4 years old. I seem to remember a payment schedule that was quite a bit higher than $50.
Check out this post:
https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2721828/#msg2721828 (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2721828/#msg2721828)
It should have definitely been more than that. Depending on the issuer (and thus how long you need to leave on the AU, and getting paid more to leave them longer) it should be $175-250.
Email them. Old company's customer support is pretty good. Please post back here results either way.
Does anyone know the new payment schedule for the old company? I sold my first (after about a year) and got paid $50. This was for a $25k limit card that was 4 years old. I seem to remember a payment schedule that was quite a bit higher than $50.
Check out this post:
https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2721828/#msg2721828 (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2721828/#msg2721828)
It should have definitely been more than that. Depending on the issuer (and thus how long you need to leave on the AU, and getting paid more to leave them longer) it should be $175-250.
Email them. Old company's customer support is pretty good. Please post back here results either way.
Thanks for the quick response! Now I’m second guessing myself whether it is the old company or new company, is Erica at the old company? The card is a Chase card.
Just got an another add notice from old company and went to add the user on Discover and got this message
"You've reached the maximum number of requests to add Authorized Users at this time. You'll be able to add your next Authorized User on 03/30/2021 if you have fewer than 5 Authorized Users at that time."
I've been using the card for adds about 2 years now and usually have 2 users at a time. At least Discover gives you this instead of cancelling the card.
Does anyone know an easy way to find the opening date of my old credit cards? Is this only available on creditkarma assuming I no longer have a record of it myself? I'm having trouble signing up for credit karma. It could be because my credit is frozen at the major bureaus or possibly some other reason I don't feel like figuring out just to get an opening date.
Thanks for any help.
Gary
Yea that is true. I had thought of that, but was trying to keep activity (calls, inquiries, etc.) low on the cards I'm trying to use in order to not get red flagged or draw attention. I'm sure asking a simple question like that wouldn't raise any, but it's a risk I'd rather not take unless have to. Especially considering I've already made calls today on all these cards now to increase credit limits and what not.
FYI, enrollment in old company is closed.
I now have my first ever business card - but I can't seem to find the account online. It's a chase card, and I have other chase personal cards. When I login to my chase account it only shows my personal card, but not the business one. Is this normal, or does anybody know how I get access to see my transactions, pay my bill, etc for the business credit card?Not sure why you're asking on this thread, nor why it is this way with Chase, but you're gonna have to register a second account with chase. I just tacked "B" onto the username for my main chase credit cards account to make it easy to remember.
Just got an another add notice from old company and went to add the user on Discover and got this message
"You've reached the maximum number of requests to add Authorized Users at this time. You'll be able to add your next Authorized User on 03/30/2021 if you have fewer than 5 Authorized Users at that time."
I've been using the card for adds about 2 years now and usually have 2 users at a time. At least Discover gives you this instead of cancelling the card.
I believe we determined that Discover has now changed their policy to limit AU activity. I am waiting until 12/2 to be able to add authorized users again. YMMV.
I made a separate thread in Ask a Mustachian but wanted to post here in case, too:
I am providing a "piggyback" to a friend for his credit, and am scratching my head because something seems amiss.
In November, he had a score of 558 due to zero accounts and 1 collection. I disputed the collection for him and actually succeeded in getting it removed. Yay! His credit score went down to "n/a". Great, fresh slate.
I put him on three of my cards, and his score went from 760 to 777 to 790 per CreditKarma. He had no credit, and got added to 3 mature lines with high-ish credit limits, so this tracks.
However, when searching for prequalified credit card offers, he's getting nothing. As though he has zero credit again.
What gives?! Is there something I'm missing?
Transunion is scoring him at 790 and Equifax is scoring him at 785.
Cardmatch is showing ZERO offers.
Advice and input appreciated. Thank you!
I made a separate thread in Ask a Mustachian but wanted to post here in case, too:
I am providing a "piggyback" to a friend for his credit, and am scratching my head because something seems amiss.
In November, he had a score of 558 due to zero accounts and 1 collection. I disputed the collection for him and actually succeeded in getting it removed. Yay! His credit score went down to "n/a". Great, fresh slate.
I put him on three of my cards, and his score went from 760 to 777 to 790 per CreditKarma. He had no credit, and got added to 3 mature lines with high-ish credit limits, so this tracks.
However, when searching for prequalified credit card offers, he's getting nothing. As though he has zero credit again.
What gives?! Is there something I'm missing?
Transunion is scoring him at 790 and Equifax is scoring him at 785.
Cardmatch is showing ZERO offers.
Advice and input appreciated. Thank you!
For those looking to season new cards, JetBlue+ is up to 100k sign up bonus with Barclays and Elan just rolled out a 5% category rotating card (though it's 2k per quarter capped): https://card.myaccountaccess.com/credit/elanmicro/pdfs/categories_max_cash_preferred_visa.pdf Most of the Elan banks have it available (and there are a lot of Elan banks)
Anyone have multiple Elan cards? I have an older one that I currently sell spots on and would love to product change it and get some new ones for the 5% but seems like everyone just has Fidelity only.
For those looking to season new cards, JetBlue+ is up to 100k sign up bonus with Barclays and Elan just rolled out a 5% category rotating card (though it's 2k per quarter capped): https://card.myaccountaccess.com/credit/elanmicro/pdfs/categories_max_cash_preferred_visa.pdf Most of the Elan banks have it available (and there are a lot of Elan banks)
Anyone have multiple Elan cards? I have an older one that I currently sell spots on and would love to product change it and get some new ones for the 5% but seems like everyone just has Fidelity only.
for the Jet blue offer go to Jetblue.com and click on the "best offer ever" link and you'll see the 100k points.Too bad it has $99 annual fee. I'm not sure it's worth it just for tradelines but maybe if one wants points it is? What can 100K points buy?
FYI, enrollment in old company is closed.
They may make some exceptions depending on ages/limits, but yeah, typically for large chunks of time they don't accept any cards, then they reopen enrollment for brief periods when they need new ones. Supply and demand. Hopefully everyone got their cards enrolled in the most recent window, and/or are aging some for the next. :)
For those looking to season new cards, JetBlue+ is up to 100k sign up bonus with Barclays and Elan just rolled out a 5% category rotating card (though it's 2k per quarter capped): https://card.myaccountaccess.com/credit/elanmicro/pdfs/categories_max_cash_preferred_visa.pdf Most of the Elan banks have it available (and there are a lot of Elan banks)
Anyone have multiple Elan cards? I have an older one that I currently sell spots on and would love to product change it and get some new ones for the 5% but seems like everyone just has Fidelity only.
This Elan card looks intriguing. Is there a list of Elan banks? I started searching and found some random credit unions and out-of-state banks. I'm not sure which one of those is most likely to grant a high credit limit suitable for tradelines.
YepFYI, enrollment in old company is closed.
They may make some exceptions depending on ages/limits, but yeah, typically for large chunks of time they don't accept any cards, then they reopen enrollment for brief periods when they need new ones. Supply and demand. Hopefully everyone got their cards enrolled in the most recent window, and/or are aging some for the next. :)
Will they let us know when they are enrolling new cards?
Hello
does this work if I live in the UK?
I’ve only recently started selling trade lines, with the old company. I sold my first slot with Capital One a few weeks ago. I just got the following email from Cap1:
“We need to hear from you—because the Capital One® card we just sent couldn’t be delivered to the address we’ve got on file.
Your card’s been returned to us, so it’s in safe hands. But please, give us a call now at 1‑800‑955‑7070 so we can update your address and get your card back out to you ASAP.”
So apparently the card in the name of the AU was returned. What should I do? Ignore this notice (my preference) or do I need to respond?
TIA
Hello
does this work if I live in the UK?
AFAIK, it does not work in other countries besides the US, as a quirk of how our credit scoring system works.
In theory, it should work anywhere where adding someone as an authorized user immediately bumps their credit score by showing that line of credit (its age and limit) on their report. I have not heard of anyone doing it successfully anywhere else (and have had Canadians and Australians and a few other places look into it, IIRC).
For the new Elan card this message board has a list to a bunch of the banks that have it: https://ficoforums.myfico.com/t5/Credit-Cards/Elan-quot-Max-Cash-quot-vs-US-Bank-Cash/td-p/6198795
Some of them you might even stack a bank account opening bonus from looking on doctor of credit.
As for the JB+ annual fee if you value points around a penny that's about $1k value. Once the card gets to two years old it turns into an ATM for tradelines (my older Barclays usually has 4 spots filled at any given time and as many of us know adding and removing is easy) But you can also product change to the no fee JB card after a year as well.
For the new Elan card this message board has a list to a bunch of the banks that have it: https://ficoforums.myfico.com/t5/Credit-Cards/Elan-quot-Max-Cash-quot-vs-US-Bank-Cash/td-p/6198795
Some of them you might even stack a bank account opening bonus from looking on doctor of credit.
As for the JB+ annual fee if you value points around a penny that's about $1k value. Once the card gets to two years old it turns into an ATM for tradelines (my older Barclays usually has 4 spots filled at any given time and as many of us know adding and removing is easy) But you can also product change to the no fee JB card after a year as well.
My first trade lines sold the other day on 12/3. I figured that both orders would have to be on there for at least 60 days before removing so I set a reminder to check on everything and moved on. 12/11 I get an email suggesting to remove the AUs from the Capital One card. So, I removed them. I really figured that they would have had to of been on there much longer than that. Is it normal to have an AU on for only a week's time? Something wrong with my card perhaps? It is not used often and is mainly held on to for its age, limit, and tradelines now. I've been on with the company since 2019 and these are my first orders so I'm just trying to get an idea of what's going on.
My first trade lines sold the other day on 12/3. I figured that both orders would have to be on there for at least 60 days before removing so I set a reminder to check on everything and moved on. 12/11 I get an email suggesting to remove the AUs from the Capital One card. So, I removed them. I really figured that they would have had to of been on there much longer than that. Is it normal to have an AU on for only a week's time? Something wrong with my card perhaps? It is not used often and is mainly held on to for its age, limit, and tradelines now. I've been on with the company since 2019 and these are my first orders so I'm just trying to get an idea of what's going on.
My first trade lines sold the other day on 12/3. I figured that both orders would have to be on there for at least 60 days before removing so I set a reminder to check on everything and moved on. 12/11 I get an email suggesting to remove the AUs from the Capital One card. So, I removed them. I really figured that they would have had to of been on there much longer than that. Is it normal to have an AU on for only a week's time? Something wrong with my card perhaps? It is not used often and is mainly held on to for its age, limit, and tradelines now. I've been on with the company since 2019 and these are my first orders so I'm just trying to get an idea of what's going on.
My first trade lines sold the other day on 12/3. I figured that both orders would have to be on there for at least 60 days before removing so I set a reminder to check on everything and moved on. 12/11 I get an email suggesting to remove the AUs from the Capital One card. So, I removed them. I really figured that they would have had to of been on there much longer than that. Is it normal to have an AU on for only a week's time? Something wrong with my card perhaps? It is not used often and is mainly held on to for its age, limit, and tradelines now. I've been on with the company since 2019 and these are my first orders so I'm just trying to get an idea of what's going on.
Not sure which company but Old Company is having some portal issues. I had 2 AUs for Cap One that were supposed to be on for 5 months, which ended up being a mistake. I removed them, as instructed, and sold 2 more spots. Those spots didn't show up as filled and got another order. I just emailed the company and they are trying to fix the errors.
Does anyone know the new payment schedule for the old company? I sold my first (after about a year) and got paid $50. This was for a $25k limit card that was 4 years old. I seem to remember a payment schedule that was quite a bit higher than $50.
Check out this post:
https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2721828/#msg2721828 (https://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg2721828/#msg2721828)
It should have definitely been more than that. Depending on the issuer (and thus how long you need to leave on the AU, and getting paid more to leave them longer) it should be $175-250.
Email them. Old company's customer support is pretty good. Please post back here results either way.
Thanks for the quick response! Now I’m second guessing myself whether it is the old company or new company, is Erica at the old company? The card is a Chase card.
That is new company. I'm not sure I have their latest payout schedule, but it should be in the same range, you should absolutely email. Response times can be less than ideal, however.
paying it off twice a months.
Hi,
I want to get 1 (possibly 2) more Barclays cards. I have one, it is about 1 1/2 years old, and I've been using it regularly the last 4 months, paying it off twice a months. I applied for a CapOne card in early Sept (and received it, but a low limit). I have not tried to get anything else since. How long should I wait until I try to get the Barclays card? In early Jan, it will have been 4 months since I tried to get a card. Does 4 months work or shall I wait longer?
Thank you!
What's the fastest way to get a charge onto a card? Yesterday I realized that I didn't have any charges on my card used for an AU so I made 2 small purchases (one was an Amazon gift card.) Both purchases are still pending and my statement closes tonight. Will it not post to the AU account with a 0 balance? I hate to think that I'm going to mess us someone's plan. All my other cards have a small recurring bill. I'll have to make an adjustment for this one.
Hey Shelly, you can set up an automatic monthly charge to your Amazon gift card balance. I do this for $5 on one of my cards so it will have an automatic monthly charge.
Ok, this is new.
I have a USBank Harley Davidson visa. Maybe 6 months ago, they split the card from the USBank site. Ok, no big deal. So I called to remove 2 AUs, for the first time with this card since the separation. They tell me they're sending me a post paid envelop to send back the AUs cards. Uh....what? I have been saving cards lately because some haven't been posting but only have one of the 2 they're going to want back. I plan to send the one I have, wait it out for a month before sending and hope they're ok with it. Perhaps they'll issue a new number? If they kill it, fine.
Forgive me for asking. I've read a bunch but have not found the answers.
It can take 6 months for the Old Company to add you, true?
Where is the sweet spot for income and to be a desirable candidate? Older cards? 5 years or more? Higher balance cards? $5K or more?
I have 2 cards at $5k. One at 30 years and the second at 6 years. Sounds like the best strategy is to sell tradelines with a small reoccurring charge and initiate a new cards for personal use. Please confirm. I'm off to find a new CC and trying to determine what limit I should seek.
Just starting and appreciate all the help and knowledge here. Whole new world, isn't it?!?
Michael in ABQ, do you know if the internal limit for Barclays ever resets after a certain period of time? I'm pretty sure that I'm approaching the 35 limit soon. Barclays has worked really well for me these past several months and I'd hate to lose that asset.Forgive me for asking. I've read a bunch but have not found the answers.
It can take 6 months for the Old Company to add you, true?
Where is the sweet spot for income and to be a desirable candidate? Older cards? 5 years or more? Higher balance cards? $5K or more?
I have 2 cards at $5k. One at 30 years and the second at 6 years. Sounds like the best strategy is to sell tradelines with a small reoccurring charge and initiate a new cards for personal use. Please confirm. I'm off to find a new CC and trying to determine what limit I should seek.
Just starting and appreciate all the help and knowledge here. Whole new world, isn't it?!?
When I enrolled cards with the old company that were less than 2 years old they were a bit slow at first, but after the first sale both filled up both slots every month. Credit limits were in the $15-25k range.
Barclays cards are extremely easy to add and remove AUs online and it seems like they don't every shut down cards until you hit their internal lifetime limit on AUs - I think it's around 35. My one Barclays card is coming up on the two year mark and I stopped selling slots until it gets there. No reason to get $50 a piece when I can get $175.
Ok, this is new.
I have a USBank Harley Davidson visa. Maybe 6 months ago, they split the card from the USBank site. Ok, no big deal. So I called to remove 2 AUs, for the first time with this card since the separation. They tell me they're sending me a post paid envelop to send back the AUs cards. Uh....what? I have been saving cards lately because some haven't been posting but only have one of the 2 they're going to want back. I plan to send the one I have, wait it out for a month before sending and hope they're ok with it. Perhaps they'll issue a new number? If they kill it, fine.
Ok, this is new.
I have a USBank Harley Davidson visa. Maybe 6 months ago, they split the card from the USBank site. Ok, no big deal. So I called to remove 2 AUs, for the first time with this card since the separation. They tell me they're sending me a post paid envelop to send back the AUs cards. Uh....what? I have been saving cards lately because some haven't been posting but only have one of the 2 they're going to want back. I plan to send the one I have, wait it out for a month before sending and hope they're ok with it. Perhaps they'll issue a new number? If they kill it, fine.
Was this a metal credit card? Those can't be destroyed at home with scissors or running through a shredder, they send you return envelopes to get rid of them. Maybe this is just a courtesy if that is the case
Michael in ABQ, do you know if the internal limit for Barclays ever resets after a certain period of time? I'm pretty sure that I'm approaching the 35 limit soon. Barclays has worked really well for me these past several months and I'd hate to lose that asset.Forgive me for asking. I've read a bunch but have not found the answers.
It can take 6 months for the Old Company to add you, true?
Where is the sweet spot for income and to be a desirable candidate? Older cards? 5 years or more? Higher balance cards? $5K or more?
I have 2 cards at $5k. One at 30 years and the second at 6 years. Sounds like the best strategy is to sell tradelines with a small reoccurring charge and initiate a new cards for personal use. Please confirm. I'm off to find a new CC and trying to determine what limit I should seek.
Just starting and appreciate all the help and knowledge here. Whole new world, isn't it?!?
When I enrolled cards with the old company that were less than 2 years old they were a bit slow at first, but after the first sale both filled up both slots every month. Credit limits were in the $15-25k range.
Barclays cards are extremely easy to add and remove AUs online and it seems like they don't every shut down cards until you hit their internal lifetime limit on AUs - I think it's around 35. My one Barclays card is coming up on the two year mark and I stopped selling slots until it gets there. No reason to get $50 a piece when I can get $175.
Even after your Barclays is tapped out you can move credit line from that card to one you open and start seasoning now.
Barclays is stingier than some with additional cards, but if you have one getting another shouldn’t be too hard.
Just tried to sign up for the Barclays uPromise card to start seasoning it. I got the "we're reviewing your application" message, aka denial. I've got an ~800 score, 100k income, and have only opened a few CC accounts in the last couple of years.
I'm thinking of trying a local bank for an Elan card but I'm wondering if their interface will be as easy as Capital One and Barclays to add/remove AUs. I don't want to be calling in every month to make changes.
I'm also considering this Chase Freedom Unlimited card with no annual fee
https://www.doctorofcredit.com/targeted-chase-freedom-freedom-unlimited-200-bonus-5-back-on-groceries-up-to-12k-first-year/
Any other suggestions for new cards to season with the Old Company?
I'm thinking of trying a local bank for an Elan card but I'm wondering if their interface will be as easy as Capital One and Barclays to add/remove AUs. I don't want to be calling in every month to make changes.
Just tried to sign up for the Barclays uPromise card to start seasoning it. I got the "we're reviewing your application" message, aka denial. I've got an ~800 score, 100k income, and have only opened a few CC accounts in the last couple of years.
I'm thinking of trying a local bank for an Elan card but I'm wondering if their interface will be as easy as Capital One and Barclays to add/remove AUs. I don't want to be calling in every month to make changes.
I'm also considering this Chase Freedom Unlimited card with no annual fee
https://www.doctorofcredit.com/targeted-chase-freedom-freedom-unlimited-200-bonus-5-back-on-groceries-up-to-12k-first-year/
Any other suggestions for new cards to season with the Old Company?
Just tried to sign up for the Barclays uPromise card to start seasoning it. I got the "we're reviewing your application" message, aka denial. I've got an ~800 score, 100k income, and have only opened a few CC accounts in the last couple of years.
I'm thinking of trying a local bank for an Elan card but I'm wondering if their interface will be as easy as Capital One and Barclays to add/remove AUs. I don't want to be calling in every month to make changes.
I'm also considering this Chase Freedom Unlimited card with no annual fee
https://www.doctorofcredit.com/targeted-chase-freedom-freedom-unlimited-200-bonus-5-back-on-groceries-up-to-12k-first-year/
Any other suggestions for new cards to season with the Old Company?
Just tried to sign up for the Barclays uPromise card to start seasoning it. I got the "we're reviewing your application" message, aka denial. I've got an ~800 score, 100k income, and have only opened a few CC accounts in the last couple of years.
I'm thinking of trying a local bank for an Elan card but I'm wondering if their interface will be as easy as Capital One and Barclays to add/remove AUs. I don't want to be calling in every month to make changes.
I'm also considering this Chase Freedom Unlimited card with no annual fee
https://www.doctorofcredit.com/targeted-chase-freedom-freedom-unlimited-200-bonus-5-back-on-groceries-up-to-12k-first-year/
Any other suggestions for new cards to season with the Old Company?
Be careful selling tradelines on Chase... if they shut the card down for excessive AUs, they will close ALL of your Chase accounts and ban you from opening a new one or doing business with them in the future.
Seriously consider the impact of getting banned from one of the two/three largest national banks.
And, sure, you might not have any Chase accounts now or expect any in the future, but... in 10/20/30 years from now, who knows what other banks they'll buy/merge with. You might be taking a big risk for a couple of $25 paydays.
Barclays reviews screen is not necessarily a denial. I got $25k CL on my second card with them after an easy phone call. My wife’s first Barclays card was also not auto approved but got even more after a week. Worth calling recon just to get it issued faster.
Right, just accept the risk that the banks you do want to do business with might get gobbled up by a bigger one someday. Like, a few years ago if you'd said "I'm happy never to do business with Chase, I'm just fine with my accounts at my local Washington Mutual...", you'd be disappointed now.
As I'm new to this, just wondering if there's a correlation between actively using the card as your daily card and not being shut down. I can understand why a bank may shut down a card if it appears only being used for tradelines, but would they shut it down if you are charging $2000 per month on that card and selling tradelines on it? Seems like they may be foolish to do that. I find it somewhat funny, especially as I've added users to both Discover and BofA, and on both of those pages it says proudly "Add friends and family as a user", then they shut them down for adding too many "friends" or family. I look it as we are just using either tradeline company to "vet our friends".
As I'm new to this, just wondering if there's a correlation between actively using the card as your daily card and not being shut down. I can understand why a bank may shut down a card if it appears only being used for tradelines, but would they shut it down if you are charging $2000 per month on that card and selling tradelines on it? Seems like they may be foolish to do that. I find it somewhat funny, especially as I've added users to both Discover and BofA, and on both of those pages it says proudly "Add friends and family as a user", then they shut them down for adding too many "friends" or family. I look it as we are just using either tradeline company to "vet our friends".
You'd think after 94 pages of comments we'd have it all figured out... but it depends and really tough to know if any of that helps you but there are plenty of examples of people who used and then lost their cards. Banks certainly will close accounts regardless of TL usage when cards go unused or they lower CL when you don't use them much. Some people follow all the guidelines and still lose accounts. Don't sell anything you aren't afraid to lose.
As your first oh crap call may be with the fraud department even without a shutdown they will look at card patterns. There's some speculation that your overall relationship (tenure, number of accounts) may help you. But banks will shut you down for any number of reasons that want to, including excessive tradelines.
The other risk of your daily card being sold is you have to constantly make sure you're under 10% utilization. If you don't spend much and have a big limit that's easy but for some not selling your daily card may be better.
Right, just accept the risk that the banks you do want to do business with might get gobbled up by a bigger one someday. Like, a few years ago if you'd said "I'm happy never to do business with Chase, I'm just fine with my accounts at my local Washington Mutual...", you'd be disappointed now.
Understood, but I only use Credit Unions for my normal banking and non-tradeline credit cards with very long account history - no chance of Chase buying those up. The only relationship I have with national banks is for credit cards for sign-up bonuses and tradelines. And I never keep much in the way of reward points with them. I don't travel so generally they're only good for cash back. I did have about 25k points on my Barclays card which I just realized can be used for statement credits on grocery, restaurant, and gas - not just travel. It's only good through the end of January but that let me get $0.01 per point whereas straight cash back would have normally been valued at only $0.005 per point.
Just tried to sign up for the Barclays uPromise card to start seasoning it. I got the "we're reviewing your application" message, aka denial. I've got an ~800 score, 100k income, and have only opened a few CC accounts in the last couple of years.
I'm thinking of trying a local bank for an Elan card but I'm wondering if their interface will be as easy as Capital One and Barclays to add/remove AUs. I don't want to be calling in every month to make changes.
I'm also considering this Chase Freedom Unlimited card with no annual fee
https://www.doctorofcredit.com/targeted-chase-freedom-freedom-unlimited-200-bonus-5-back-on-groceries-up-to-12k-first-year/
Any other suggestions for new cards to season with the Old Company?
Another "reviewing application" for the Elan Max Cash Preferred but I was approved for an $18k limit for the Chase Freedom Unlimited. So in just two short years I can start making $200 per tradeline with that. In the meantime, no annual fee and $200 cash back. The 5% on groceries for the first year will be good too as our typical monthly grocery bill is over $1,000 (big family).
Are the companies taking cards right now? I have a couple, between 2-6 years old with between $5K-$30K credit limits that I was hoping to enroll, but I didn't have any success last time I tried to start ip.
My ongoing issues w/my postal carrier not delivering any mail to our address with a different name have caused an issue. PNC is now requiring me to verify the CVV code before they can remove an AU. I told them that I had "misplaced" the card and they told me I have to report it lost/stolen. I asked if I need to complete that before they can remove the AU & they said they will have to verify the CVV before they can remove the AU. Given that I have received 1 out of about 10 AU cards in the last 6 months, I am skeptical I will ever get the replacement card that is sent out and therefore may be in an endless loop to try to remove this user.
I'm considering opening a PO Box to deal with this but not sure it will be any better--during the PO Box enrollment application it asks for your name and suggests there is a fee for each additional name added to the PO Box past a certain point. I'm in Chicago if anyone has specific experience with our post offices btw.
Anyone have a better idea of how to get out of the trap & keep milking this card?
I know these two companies are the only two that take the precautions to be worthy of a recommendation here but if they’re not taking new cards why not use one of the other tradeline companies out there? Or as has been mentioned here why not someone here start a TL company?
My ongoing issues w/my postal carrier not delivering any mail to our address with a different name have caused an issue. PNC is now requiring me to verify the CVV code before they can remove an AU. I told them that I had "misplaced" the card and they told me I have to report it lost/stolen. I asked if I need to complete that before they can remove the AU & they said they will have to verify the CVV before they can remove the AU. Given that I have received 1 out of about 10 AU cards in the last 6 months, I am skeptical I will ever get the replacement card that is sent out and therefore may be in an endless loop to try to remove this user.
I'm considering opening a PO Box to deal with this but not sure it will be any better--during the PO Box enrollment application it asks for your name and suggests there is a fee for each additional name added to the PO Box past a certain point. I'm in Chicago if anyone has specific experience with our post offices btw.
Anyone have a better idea of how to get out of the trap & keep milking this card?
The thing with PNC is that all AU cards have the identical card number and identical CVV number to your card. They will come with an activation sticker that makes it look like you need to activate the card but you don't, it's already active. So if you want you can call in to remove an AU and just give them your CVV number(it's the same). HOWEVER the caveat with doing that is the AU will be removed but the card remains active so if you don't have the card, you potentially have a hot card floating around somewhere out there. The ONLY way to actually de-activate an AU card, if you don't have it and can destroy it, is to declare it lost/stolen. This, however, will cause your card and any other AU cards to be closed and reissued with new numbers. When you call to remove an authorized user, they will read a statement that you are still on the hook for any charges made with the card. They will then ask you if you are in possession of the AU card or if you can gain possession. If you are not/cannot, they will need to report lost/stolen and re-issue your card/other AU cards with new numbers. I do not like the way PNC handles AU's with issuing your CC number CVV number to all authorized user cards, however I have been using PNC for tradelines for a long time and never had a problem from them so I deal with how they do things.
My ongoing issues w/my postal carrier not delivering any mail to our address with a different name have caused an issue. PNC is now requiring me to verify the CVV code before they can remove an AU. I told them that I had "misplaced" the card and they told me I have to report it lost/stolen. I asked if I need to complete that before they can remove the AU & they said they will have to verify the CVV before they can remove the AU. Given that I have received 1 out of about 10 AU cards in the last 6 months, I am skeptical I will ever get the replacement card that is sent out and therefore may be in an endless loop to try to remove this user.
I'm considering opening a PO Box to deal with this but not sure it will be any better--during the PO Box enrollment application it asks for your name and suggests there is a fee for each additional name added to the PO Box past a certain point. I'm in Chicago if anyone has specific experience with our post offices btw.
Anyone have a better idea of how to get out of the trap & keep milking this card?
PSA--
Old company 1099 is available on payroll site. I happened to check today so not sure when posted.
PSA--
Old company 1099 is available on payroll site. I happened to check today so not sure when posted.
Also of note, people will now receive a Form 1099-NEC with an amount in box 1, rather than the old 1099 with an amount in box 7. Same idea, just a new form and new box (and provided earlier).
My first trade lines sold the other day on 12/3. I figured that both orders would have to be on there for at least 60 days before removing so I set a reminder to check on everything and moved on. 12/11 I get an email suggesting to remove the AUs from the Capital One card. So, I removed them. I really figured that they would have had to of been on there much longer than that. Is it normal to have an AU on for only a week's time? Something wrong with my card perhaps? It is not used often and is mainly held on to for its age, limit, and tradelines now. I've been on with the company since 2019 and these are my first orders so I'm just trying to get an idea of what's going on.
Not sure which company but Old Company is having some portal issues. I had 2 AUs for Cap One that were supposed to be on for 5 months, which ended up being a mistake. I removed them, as instructed, and sold 2 more spots. Those spots didn't show up as filled and got another order. I just emailed the company and they are trying to fix the errors.
Has some same issues with old company. Sold 2, show that I still had those lines to sell, and the removal date was 2/29/2020. Emailed them with screen shots and they are trying to fix the issues.
For the old company, I remove when the payment closes. Never been a problem.
For the old company, I remove when the payment closes. Never been a problem.
Do you mean the date you are paid? ie 30/31 of the month
thanks
For the old company, I remove when the payment closes. Never been a problem.
Do you mean the date you are paid? ie 30/31 of the month
thanks
Yep. Usually a few days later, if I remember.
This is not what they recommend though, so proceed at your own risk.
Just got a call asking for one of my recent tradelines. I said I think you have the wrong number and said I'd never heard of the person (it was a woman's name). I'm guessing it was a collections agency of some sort that saw my address pop up on her credit report. The name sounded vaguely familiar and I had to check my spreadsheet I keep of tradelines to make sure. Oh well, small price to pay. Maybe this will help confuse the various data aggregators that already have all of my personal information in a thousand databases.
Just got a call asking for one of my recent tradelines. I said I think you have the wrong number and said I'd never heard of the person (it was a woman's name). I'm guessing it was a collections agency of some sort that saw my address pop up on her credit report. The name sounded vaguely familiar and I had to check my spreadsheet I keep of tradelines to make sure. Oh well, small price to pay. Maybe this will help confuse the various data aggregators that already have all of my personal information in a thousand databases.
I've had this happen a few times too. I'm pretty sure it's just debt collectors. I tell them they have the wrong number and I never hear from them again.
Just a reminder to everyone: you have no responsibility for an AU's debts.
I have had these calls from time to time. And then a couple of years ago someone knocked on my door, showed me his badge, and claimed he was from the State’s Attorney’s office! He showed me some paperwork with a photo and asked if I knew the person. The name did not ring a bell, but as soon as he left, I searched my record of AUs, and sure enough, it was an AU I had previously added!
Hah!Just got a call asking for one of my recent tradelines. I said I think you have the wrong number and said I'd never heard of the person (it was a woman's name). I'm guessing it was a collections agency of some sort that saw my address pop up on her credit report. The name sounded vaguely familiar and I had to check my spreadsheet I keep of tradelines to make sure. Oh well, small price to pay. Maybe this will help confuse the various data aggregators that already have all of my personal information in a thousand databases.
I've had this happen a few times too. I'm pretty sure it's just debt collectors. I tell them they have the wrong number and I never hear from them again.
Just a reminder to everyone: you have no responsibility for an AU's debts.
I have had these calls from time to time. And then a couple of years ago someone knocked on my door, showed me his badge, and claimed he was from the State’s Attorney’s office! He showed me some paperwork with a photo and asked if I knew the person. The name did not ring a bell, but as soon as he left, I searched my record of AUs, and sure enough, it was an AU I had previously added!
I have had these calls from time to time. And then a couple of years ago someone knocked on my door, showed me his badge, and claimed he was from the State’s Attorney’s office! He showed me some paperwork with a photo and asked if I knew the person. The name did not ring a bell, but as soon as he left, I searched my record of AUs, and sure enough, it was an AU I had previously added!
To those who are just considering selling tradelines, if you are not prepared to deal with this situation or things like banks doing fraud investigations and shutting down your cards, maybe find other things to do.
Just got a call asking for one of my recent tradelines. I said I think you have the wrong number and said I'd never heard of the person (it was a woman's name). I'm guessing it was a collections agency of some sort that saw my address pop up on her credit report. The name sounded vaguely familiar and I had to check my spreadsheet I keep of tradelines to make sure. Oh well, small price to pay. Maybe this will help confuse the various data aggregators that already have all of my personal information in a thousand databases.
I've had this happen a few times too. I'm pretty sure it's just debt collectors. I tell them they have the wrong number and I never hear from them again.
Just a reminder to everyone: you have no responsibility for an AU's debts.
I have had these calls from time to time. And then a couple of years ago someone knocked on my door, showed me his badge, and claimed he was from the State’s Attorney’s office! He showed me some paperwork with a photo and asked if I knew the person. The name did not ring a bell, but as soon as he left, I searched my record of AUs, and sure enough, it was an AU I had previously added!
FYI, I emailed old company for payment dating back to July of last year. They responded immediately and I was paid the very next day. Maybe it's getting better?(edited~ oops! I was talking about the new company)
Are the last couple of posts talking about the new company or old company?
In my experience and in the history of this (long) thread, it's always been the new company with late payment problems. So much so that I stopped using them and work only with the old company now.
The old company has always been prompt with payments and it's fully automated.
I've received payments monthly like clockwork from the old company. I didn't pay attention and went over a year without payment from the new company until I first emailed them a breakdown, then sent a copy to Joe, who I assume sent it in as I was paid shortly after that.
This thread has been going on for so long now, the "new" company isn't exactly new. I know the reasons why we didn't want to name the companies before, but can we start using abbreviations for them, like TLM or BC101 and CCPro?
Moderators: Please delete if even the above is not allowed.
This thread has been going on for so long now, the "new" company isn't exactly new. I know the reasons why we didn't want to name the companies before, but can we start using abbreviations for them, like TLM or BC101 and CCPro?
Moderators: Please delete if even the above is not allowed.
I joined the NEW company first. The old company wasn't open to new cards. Later I was able to join the old company. So in my mind I think of them backwards sometimes since I joined NEW first and OLD recently.
As tax filing time is upon us, I'm curious how everyone categorizes their expenses for their tradeline sales?
I only made $400 in 2020 but I had two annual credit card fees and I'm trying to decide whether to put those under "Credit card, loan, and other interest" which I believe will be filled in block 16b on my Schedule C, or if some other category makes more sense.
So some of us got messages from Discover last year that we had to wait to add more authorized users. I had a message that I could not add any more Authorized users until after 12/19/20.
But today, I log into Discover to add my next batch of AUs and now it says that I cannot add anymore until 6/14/21? I haven't added any users to that card in months, so I' not sure why that date was extended for no reason.
Have any of you Discover users run into this? The chat agent told me I had to call their customer protection phone number for help, but I'm hesitant to do so, because if they look further into my account they'll see a ton of past authorized users and might shut me down.
Michael in ABQ, that's interesting to note on the internal trade limit. What's the plan after that limit is reached for said card? I'm wondering if there ever comes a time when you can begin using it for tradelines again. Barclay's has been really good for me in the tradeline space and I'd hope to keep it going. Perhaps I will open another card and let it season for 2 years to hit the bigger tradeoffs.
Are there any other internal AU limits for other cards? If so, how would we find out about them?
Anonymouscow, that's good to know. I didn't think to open another Barclays card now so that'll season in time for the first one to reach it's limits. My initial thought was the limit applied to all Barclays cards, apparently not which is good news. Now, I have homework to find a decent Barclays card to apply for.Michael in ABQ, that's interesting to note on the internal trade limit. What's the plan after that limit is reached for said card? I'm wondering if there ever comes a time when you can begin using it for tradelines again. Barclay's has been really good for me in the tradeline space and I'd hope to keep it going. Perhaps I will open another card and let it season for 2 years to hit the bigger tradeoffs.
Are there any other internal AU limits for other cards? If so, how would we find out about them?
After I reached the limit on my Barclay card I was able to transfer the available credit to a second Barclay card that I had opened 2 years ago. One was 7k and one was 8k, so it ended up being 15k.
I asked if I could change the card that reached the AU limit to something else, but they said they couldn’t change it, I would have to apply for a new card.
I don’t know of limits for any other cards, I haven’t run into any limits except for Barclays.
So some of us got messages from Discover last year that we had to wait to add more authorized users. I had a message that I could not add any more Authorized users until after 12/19/20.
But today, I log into Discover to add my next batch of AUs and now it says that I cannot add anymore until 6/14/21? I haven't added any users to that card in months, so I' not sure why that date was extended for no reason.
Have any of you Discover users run into this? The chat agent told me I had to call their customer protection phone number for help, but I'm hesitant to do so, because if they look further into my account they'll see a ton of past authorized users and might shut me down.
I had that message from Discover and put my card on hold with the TL company until I was able to add more online(3 months). They said I should be able to call in and add without an issue but I decided to play it safe.
Might be a stretch as I know most here don't sell spots on Amx but after around 50 adds they took away my ability to add online. This card is by far my best seller so hope to not lose it but if so it was a good run.
Account still active, no shutdown. Anyone else run into this?
Might be a stretch as I know most here don't sell spots on Amx but after around 50 adds they took away my ability to add online. This card is by far my best seller so hope to not lose it but if so it was a good run.
Account still active, no shutdown. Anyone else run into this?
So my tradeline company let me know that a lot of people are having trouble adding Amex AUs online. So doesn't seem to be just me.
Seems like the worst they will do to anyone is a financial review which can get you shutdown, but they just want to make sure you can pay your bills.
Always good when the best earning card lives another day.
Might be a stretch as I know most here don't sell spots on Amx but after around 50 adds they took away my ability to add online. This card is by far my best seller so hope to not lose it but if so it was a good run.
Account still active, no shutdown. Anyone else run into this?
Hi All,I also just received 2 Barclay's cards. Using the online option, I requested a CL increase on one and immediately got it. I've read that you can bump the Credit Limits (CL) every 6 months without a pull on your credit score. I set a reminder.
Quick question - is there anyway to pay your rent by credit card? My landlady typically only takes checks. I know cashiers checks/money orders can't be purchased with a credit card. I buy so very little (yay!) but want to use my cards to have a better chance of increasing my credit limit. I just got 2 new Barclays cards (yay, again) but both limits are only $5k. I saw somewhere on this site where someone explained how you can buy something - similar to a cashiers check - using your credit card.
Thank you!
Late to the game here but interested. Since 2016, what has significantly changed with all this? It seems like it's harder to get as many AUs as it was prior? For those of you still actively doing this, what are you bringing in per card, on average, and what are some of the risks/caveats you've faced these days?
They sell new slots a day or two before the old slots are even due to be removed.
So my tradeline company let me know that a lot of people are having trouble adding Amex AUs online. So doesn't seem to be just me.Same here. I only have had 22 au so far. I hope it’s only a temporary glitch, and not a crackdown on tradeline sellers.
Seems like the worst they will do to anyone is a financial review which can get you shutdown, but they just want to make sure you can pay your bills.
Always good when the best earning card lives another day.
I got a text and email from the old company that I have to add an AU, but when I log in there are no orders. Strange. Ever happen to anyone else?
I got a text and email from the old company that I have to add an AU, but when I log in there are no orders. Strange. Ever happen to anyone else?
I got a text and email from the old company that I have to add an AU, but when I log in there are no orders. Strange. Ever happen to anyone else?
I'm sure this has been answered many times in this thread but I don't know how to search it out.
2020 was my first year selling tradelines, I got my 1099-NEC for the $500 I was paid. It appears to my untrained eye that the 2 most likely ways to treat this for tax purposes are:
1) consider it a "sporadic activity" and record it on my 1040 as "other income"'; or
2) fill out form 8919 and use "reason code" H (although I'm not sure of this as it appears to create an adverse claim against the tradeline company but I don't see a more relevant code).
I understand no one can offer me tax advice but I'm hoping someone will share how they treat this income themselves.
Thank you.
I'm sure this has been answered many times in this thread but I don't know how to search it out.
2020 was my first year selling tradelines, I got my 1099-NEC for the $500 I was paid. It appears to my untrained eye that the 2 most likely ways to treat this for tax purposes are:
1) consider it a "sporadic activity" and record it on my 1040 as "other income"'; or
2) fill out form 8919 and use "reason code" H (although I'm not sure of this as it appears to create an adverse claim against the tradeline company but I don't see a more relevant code).
I understand no one can offer me tax advice but I'm hoping someone will share how they treat this income themselves.
Thank you.
I'm sure this has been answered many times in this thread but I don't know how to search it out.
2020 was my first year selling tradelines, I got my 1099-NEC for the $500 I was paid. It appears to my untrained eye that the 2 most likely ways to treat this for tax purposes are:
1) consider it a "sporadic activity" and record it on my 1040 as "other income"'; or
2) fill out form 8919 and use "reason code" H (although I'm not sure of this as it appears to create an adverse claim against the tradeline company but I don't see a more relevant code).
I understand no one can offer me tax advice but I'm hoping someone will share how they treat this income themselves.
Thank you.
I'm sure this has been answered many times in this thread but I don't know how to search it out.
2020 was my first year selling tradelines, I got my 1099-NEC for the $500 I was paid. It appears to my untrained eye that the 2 most likely ways to treat this for tax purposes are:
1) consider it a "sporadic activity" and record it on my 1040 as "other income"'; or
2) fill out form 8919 and use "reason code" H (although I'm not sure of this as it appears to create an adverse claim against the tradeline company but I don't see a more relevant code).
I understand no one can offer me tax advice but I'm hoping someone will share how they treat this income themselves.
Thank you.
I did mine as a Schedule C as well. For those who don't know, the main tax implication of the schedule C versus "other income" is that you pay FICA taxes on a Schedule C (Employee & employer portion) but not on "other income". However, I do taxes every year at a VITA site & we are extremely limited in what we will consider "other income". The main types of income we put there are relatives getting payment for foster care, jury duty, nominal fees for surveys, and election judging. Any other 1099 always goes on a Schedule C, even if it's fairly small. I think it's the safest route.
Do tax forms come in the mail or email or do you go to the website to get them? When do you expect them? Has anyone else received them yet? I forget if I'm with old or new company but not sure how long I should wait.
Do tax forms come in the mail or email or do you go to the website to get them? When do you expect them? Has anyone else received them yet? I forget if I'm with old or new company but not sure how long I should wait.
I just emailed w/Erica of the new company b/c I never received my 1099 from them. She told me they only send them out when you receive more than $600 from them. In my case, that's a shame b/c I wanted to have more "earnings" (which posters on this thread have stated that you can count your payments from piggybacking as) so that I could make my full IRA contribution.
Had a sheriff's deputy stop by the house today looking to serve a summons for one of my AUs. I told him the truth, that she had been an authorized user on my credit card, but that she didn't live here and I'd never met her. Would probably have been a little scary had it not been that I had the FBI call once about an AU a few years ago... After that, it's gonna take more than that to rattle me!
Had a sheriff's deputy stop by the house today looking to serve a summons for one of my AUs. I told him the truth, that she had been an authorized user on my credit card, but that she didn't live here and I'd never met her. Would probably have been a little scary had it not been that I had the FBI call once about an AU a few years ago... After that, it's gonna take more than that to rattle me!
Thanks for sharing with the community so we know in advance that these things can happen. I once had someone from the State’s Attorneys office stop by looking for an AU, and I was unsure at the time if it was a previous AU or not. How do you know it was really the FBI that called you a few years ago?
I would think that pointing any authorities to the tradeline company to find out where the suspect actually lives would be helpful. The longer I've been selling tradelines, the more often I receive collection notices on one of them at least weekly. I sort of chuckle with every notice and the offers. Yes, I open them and look to see what the letter says (OMG, I'm committing a Federal offence!). Most say something like "Your original debt was $2950. Collection costs are $495. We're offering you a one time deal to pay $1953 or 10 payments of $200.12."I would not volunteer any information to any authority. You have no obligation to be helpful.
Just tried to add an AU to my barclaycard. First message was "user not added" and then on the Account Services page, the Au's name was highlighted and Barclays requested additional information - to confirm DOB, citizenship, relationship and address, which I did. So now the AU is shown on the list of AUs but I didn't get any messages or emails confirming that AU was added.
Question: does it mean the AU wasn't added? Has anyone seen anything similar?
Just tried to add an AU to my barclaycard. First message was "user not added" and then on the Account Services page, the Au's name was highlighted and Barclays requested additional information - to confirm DOB, citizenship, relationship and address, which I did. So now the AU is shown on the list of AUs but I didn't get any messages or emails confirming that AU was added.
Question: does it mean the AU wasn't added? Has anyone seen anything similar?
I believe once they're fully added, they will show up as having a card which the last 4 digits of will be displayed.
I emailed the old company and got a reply that they're not adding anyone new, but I'd be put on a waitlist (or something like that). Fair enough.
Emailed the new company and didn't get any sort of reply --- do they just not reply when they're not adding new people, or should I follow up?
I've seen a slowdown as well since the fall (after tons of sales last year). I'm thinking there may be a sales boost soon due to tax refunds and stimulus checks; we'll see.
Question for the group on Barclays.
One company I sell with asks for AUs to be called in so you can give the social, the other just to do it online without the social. So far all of the ones I've done online have posted for me but a saw on here someone had some issues with Barclays posting. Anyone have a sense if calling in makes a difference?
Question for the group on Barclays.
One company I sell with asks for AUs to be called in so you can give the social, the other just to do it online without the social. So far all of the ones I've done online have posted for me but a saw on here someone had some issues with Barclays posting. Anyone have a sense if calling in makes a difference?
I just had that happen to me with a Chase card (that I don't sell TLs on)--applied for a new one to get the SW companion pass for post-vaccine times and got pending, then a few days later (with no action on my part) an approved, but they shifted some credit around.
If I were selling lines on the card they moved from, I'd just wait until after a statement close/no one on it (tough if the bonus you're applying for is time sensitive, may need to shut down the card for a month), hit the min spend bonus on the new card and pay it off immediately, then shift the credit back.
Secondor what are SUB's?
re: DISCOVER
I know others have had this happen where you attempt to add an AU and get this message online:
"You've reached the maximum number of requests to add Authorized Users at this time. You'll be able to add your next Authorized User on 2/23/2021 if you have fewer than 5 Authorized Users at that time."
I try to add an AU after the date mentioned, and it then it says the same thing and shows me a new date a few months into the future.
This has happened multiple times. UGH!
I am about to call Discover and see if they can resolve.
Has anyone else called Discover and worked this out?
While you let your Discover cool its jets, you can still milk the card with low balance forgiveness. Go into your Amazon account and do a gift card reload for $1.99 on that discover card, once it's at a zero balance. When the closing date comes, Discover will credit back that $1.99 but you continue to ecru reward points. You could certainly put that $1.99 on the card in other ways, but it's pretty hard to get the exact number filling gas. Amazon works especially well because you can reload as little as 50 cents and you get the full value to use for your regular purchases. I do this with several cards when they're not getting any AUs assigned.+1
Is there a reason not to?
Do we even need the tradeline companies anymore?
Is there a reason not to?
Vetting. Privacy. Billing. Service. Coordination of sales.
Is there a reason not to?
Vetting. Privacy. Billing. Service. Coordination of sales.
None of that is difficult. The hardest part is the marketing, and if ebay can do that for us...
Is there a reason not to?
Vetting. Privacy. Billing. Service. Coordination of sales.
None of that is difficult. The hardest part is the marketing, and if ebay can do that for us...
It's not difficult, but it is time consuming and a hassle. I've done private sales for a few AUs and sales through both Old Company and New Company. As ARS says, private sales are more profitable but I can confirm - having done things both ways - that it is more hassle and time and work.
Personally I'm lazy so I just use one of the companies. For someone with more energy or ambition, private sales or eBay sales may make more sense.
I also think you might be underestimating the value of vetting and the stress of having to do that yourself and the infrastructure to do it well. But that's just my opinion.
Is there a reason not to?
Vetting. Privacy. Billing. Service. Coordination of sales.
None of that is difficult. The hardest part is the marketing, and if ebay can do that for us...
It's not difficult, but it is time consuming and a hassle. I've done private sales for a few AUs and sales through both Old Company and New Company. As ARS says, private sales are more profitable but I can confirm - having done things both ways - that it is more hassle and time and work.
Personally I'm lazy so I just use one of the companies. For someone with more energy or ambition, private sales or eBay sales may make more sense.
I also think you might be underestimating the value of vetting and the stress of having to do that yourself and the infrastructure to do it well. But that's just my opinion.
whats the typical payout increase from selling privately, 2x? 4x?
You guys, I just made $1000 on 4 adds in 15 minutes!!! That blows the $1000/hr in the thread title out of the water, and is by far the most I've made in that amount of time.
I realize I can't make that much every 15 minutes, but it sure is nice when you have clusters like that! That bumps me up to $4790 YTD, hoping to surpass last year's $11k.
Anyone else have good 'leads' on getting into this? I got in touch with both companies A and B and both are currently at limit/capacity and aren't accepting any new sellers into their pools...
It would be interesting to hear. What are everyone's most profitable cards?
Hey guys quick question regarding transferring of credit limit. One company I'm currently talking to has suggested combining 2-3 of my Chase cards to increase my 'power' - in doing so, it seems like you're also increasing your risk... if the card gets shut down that credit limit will have gotten wiped out no?
What strategy(ies) do you guys employ when doing this? And what would you suggest for someone who's just starting out? I don't want to get too greedy starting out.
Hey guys quick question regarding transferring of credit limit. One company I'm currently talking to has suggested combining 2-3 of my Chase cards to increase my 'power' - in doing so, it seems like you're also increasing your risk... if the card gets shut down that credit limit will have gotten wiped out no?
What strategy(ies) do you guys employ when doing this? And what would you suggest for someone who's just starting out? I don't want to get too greedy starting out.
Correct. And IIRC Chase might also close your checking and savings account and any other accounts you have with them too. At least that was true recently.
Correct. Don't get greedy. Except in the case of a few private sales, I have only worked with the companies ARS has recommended, and I follow all of their recommendations. Even so I had a couple of cards shut down last year. So do what they say and understand even so that there is always a risk of getting shut down.
What I haven't done, but you might do with your Chase cards, is look at credit line divided by commission. If you get 3x the commission for 2x the credit line, then maybe that's worth it. But if it's 1.5x the commission for 2x the credit line, maybe not.
Also keep in mind, once you get a system set up, the overhead of doing one AU is pretty much the same regardless of whether the card is young or old and has a low or high limit. That should factor into your strategy.
Some people here are applying for new cards with the relevant issuers in order to start seasoning CLs for use in a couple of years. I think that's a smart idea if it works with the rest of your situation.
...
To say the same thing a slightly different way a second time for emphasis. IMHO, if you go with a random TL company out there, you will likely make more money - maybe much more - than going with one of the two recommended by ARS. But it will - again IMHO - probably result in issues and shutdowns after a much shorter period of time and thus a lower overall income total - with more stress and hassle to boot.
I stipulate that there may be other good companies out there. I only need one or two, and the ones ARS have recommended have worked out well for me for almost five years. So the risk/reward/effort ratio just isn't there for me.
Does anyone know if anything changed recently for AU's with Barclays? I received a card for an AU recently even though I always decline card and noticed that it had a different number than the primary. I might be mistaken as I have not requested a card in a loooong time but I thought BC issued AU's under the same #. Thanks for any info.Just logged on to ask this!
<<snip>>
Ah ok thanks. When you say "3x the commission for 2x the credit line" can you clarify? Or give a real world example/numbers for that? I'm not quite understanding how that translates over...
As far as the companies ARS recommended, I reached out to them in the past two months and neither are accepting new partners unfortunately. That said, I'm currently researching a couple but not quite sure how else to "vet" them according to the "ARS Standard" so would be open to suggestions there. If I do end up going with any of these and the two original companies he recommended open back up to accepting partners, is it difficult to 'switch' over to those companies if at that point in time I had been selling tradelines via other brokers? Or is it all pretty seamless? I would think the latter but I don't know enough about all this.
I just opened a Barclay's card for myself and will probably do the same for my wife and allow them to season after getting the initial spend reward. I'm kicking myself for allowing several long-standing CCs go stale and close (at the discretion of the card issuing banks) after not using, not caring because I thought I would have absolutely no use as far as keeping them open. smh :(
I just opened a Barclay's card for myself and will probably do the same for my wife and allow them to season after getting the initial spend reward. I'm kicking myself for allowing several long-standing CCs go stale and close (at the discretion of the card issuing banks) after not using, not caring because I thought I would have absolutely no use as far as keeping them open. smh :(You aren't alone. I closed several well seasoned cards a couple of years ago to reduce my risk. Now, I'm opening more cards to season for this. Just starting and this site has changed my opinions on a lot of financial stuff and opened more doors. Make decisions with the information that you have available knowing that you will learn and grow in the process. No regrets.
Hey guys quick question regarding transferring of credit limit. One company I'm currently talking to has suggested combining 2-3 of my Chase cards to increase my 'power' - in doing so, it seems like you're also increasing your risk... if the card gets shut down that credit limit will have gotten wiped out no?
What strategy(ies) do you guys employ when doing this? And what would you suggest for someone who's just starting out? I don't want to get too greedy starting out.
I had an interesting non-post. BBVA card that I know for sure I added because I've got the card right here. Sent pictures of that and my account balance and credit karma showing that an amount was on the card. Call the CC co this morning and they don't have the person in their system as an AU. So ok. How'd I get a card with the AUs name on it then? No matter, I know my mileage varies all over the map, so no worries there.I'm new and had this happen also. A call to the company and the card revealed that the AU had removed himself as an AU in violation of the company's agreement. Got paid for the AU slot, but he got fired from the company. I had the AU's card and an email saying he was there.
anyone have much experience with selling Elan cards, specifically Valley?
wondering how listing multiple Elan cards at once goes if they're from the same provider/bank
I opened one earlier this year through Valley and got $20K limit initially, considering applying for another one (preferably with Valley again to simplify billing) to get 2 of them aging for future sales next year
Is the activate under "Activated Cards" on the left? Or under "Authorized Users" on the right?
I just logged on to Barclay's.
On the left, under a silhouette of a card, are three columns: "name on card" "last 4 digits on account" and "activation date". The AU has a "Activate now" under the last column. I'm not going to click it because I don't want to activate his card.
On the right, under a silhouette of a person with a "+" sign, are rows: "name" "Date authorized" "has a card" and "address." There's no alert for me to activate and since it already has a "date authorized", I assume he's officially added.
CITI is being weird for me about adding AUs... I call in, talk to the agent, and get the person added. Then they put me on "a brief hold" while they get a supervisor to verify my account by sending me a pin to my cell phone. All normal so far.
Then, the supervisor makes me go through the entire AU add process again. Name, social, DOB, agree to the disclosures, etc. Entirely repeat the process. I explain the last agent did this, but they keep asking me to verify the details. Ok...
Then, they get an error in the system that the AU is already on my account, added 10 minutes ago. That tends to confuse them but eventually they push it through.
Did 2 adds today and it happened on both calls.
While you let your Discover cool its jets, you can still milk the card with low balance forgiveness. Go into your Amazon account and do a gift card reload for $1.99 on that discover card, once it's at a zero balance. When the closing date comes, Discover will credit back that $1.99 but you continue to ecru reward points. You could certainly put that $1.99 on the card in other ways, but it's pretty hard to get the exact number filling gas. Amazon works especially well because you can reload as little as 50 cents and you get the full value to use for your regular purchases. I do this with several cards when they're not getting any AUs assigned.
While you let your Discover cool its jets, you can still milk the card with low balance forgiveness. Go into your Amazon account and do a gift card reload for $1.99 on that discover card, once it's at a zero balance. When the closing date comes, Discover will credit back that $1.99 but you continue to ecru reward points. You could certainly put that $1.99 on the card in other ways, but it's pretty hard to get the exact number filling gas. Amazon works especially well because you can reload as little as 50 cents and you get the full value to use for your regular purchases. I do this with several cards when they're not getting any AUs assigned.
I didn't know low balance forgiveness was a thing. I have 20+ credit cards and it's always a hassle keeping them going even with auto pay. My wallet just isn't big enough and I don't shop for myself very much especially in person. Do you know of any other card issuers that forgive low balances and what the thresholds are?
While you let your Discover cool its jets, you can still milk the card with low balance forgiveness. Go into your Amazon account and do a gift card reload for $1.99 on that discover card, once it's at a zero balance. When the closing date comes, Discover will credit back that $1.99 but you continue to ecru reward points. You could certainly put that $1.99 on the card in other ways, but it's pretty hard to get the exact number filling gas. Amazon works especially well because you can reload as little as 50 cents and you get the full value to use for your regular purchases. I do this with several cards when they're not getting any AUs assigned.
I didn't know low balance forgiveness was a thing. I have 20+ credit cards and it's always a hassle keeping them going even with auto pay. My wallet just isn't big enough and I don't shop for myself very much especially in person. Do you know of any other card issuers that forgive low balances and what the thresholds are?
... I have 20+ credit cards and it's always a hassle keeping them going even with auto pay. My wallet just isn't big enough and I don't shop for myself very much especially in person.
Which barlcaycard is the easiest to get if you have a high credit score but several relatively recent hard pulls and new account openings? Is there any difference between different cards in terms of approval criteria?
You guys, omg. I didn't' know you could call and ask for a reconsideration! I applied for a Barclays, again, and was denied, again, and so I called for a reconsideration and they approved me over the phone! Yay!!!That's great, which card did you get?
anyone ever had luck in disputing a Chase card closure? like trying to convince them to just restrict adding further AU's but keeping acct open?
not devastated about it since I made over 3K on it
Anyone else not getting paid by the "New Company?" Or at least it was referred to as the new company several years a go when I signed-up. I always have to email them to remind them to pay me, which is fine, but this time they have not replied to my 2 emails in over 1-week, and still no pay for orders from back in December.
Anyone else not getting paid by the "New Company?" Or at least it was referred to as the new company several years a go when I signed-up. I always have to email them to remind them to pay me, which is fine, but this time they have not replied to my 2 emails in over 1-week, and still no pay for orders from back in December.
Question for anybody who may know the answer:
I'm with the old company. I'm relatively new to selling tradelines. I have a capital one card with them that's supposed to be on a 3 month cycle. Recently they have been marking (early) that my AU posted and paying me early, after around only 2 months. If it's posted and they paid me, should I still leave the AU on the card for the full 3 months (until the date they originally specified that I should remove them)? I assume I'll just leave AU on the card until the date they said I can remove them, but wanted to ask your opinion.
Question for anybody who may know the answer:
I'm with the old company. I'm relatively new to selling tradelines. I have a capital one card with them that's supposed to be on a 3 month cycle. Recently they have been marking (early) that my AU posted and paying me early, after around only 2 months. If it's posted and they paid me, should I still leave the AU on the card for the full 3 months (until the date they originally specified that I should remove them)? I assume I'll just leave AU on the card until the date they said I can remove them, but wanted to ask your opinion.
Yes, you must leave the user on your card until the date specified in their system, even if they already paid you. That user paid to be on your card for 3 months.
Which barlcaycard is the easiest to get if you have a high credit score but several relatively recent hard pulls and new account openings? Is there any difference between different cards in terms of approval criteria?
Anyone else not getting paid by the "New Company?" Or at least it was referred to as the new company several years a go when I signed-up. I always have to email them to remind them to pay me, which is fine, but this time they have not replied to my 2 emails in over 1-week, and still no pay for orders from back in December.
How do you get your limits up to $30K? I have a handful of cards and a 750 credit score and my highest limit is I think 15 or 20K. One is 10K and the rest only 5K or less. I use the cards for small purchases and have them all on autopay. I think my Bank of America card is $1,000! I ask for increases and am either denied or they say that based on my use they don't think I need an increase. How often do you request an increase and how? Do you call or go online?
How do you get your limits up to $30K? I have a handful of cards and a 750 credit score and my highest limit is I think 15 or 20K. One is 10K and the rest only 5K or less. I use the cards for small purchases and have them all on autopay. I think my Bank of America card is $1,000! I ask for increases and am either denied or they say that based on my use they don't think I need an increase. How often do you request an increase and how? Do you call or go online?
How do you get your limits up to $30K? I have a handful of cards and a 750 credit score and my highest limit is I think 15 or 20K. One is 10K and the rest only 5K or less. I use the cards for small purchases and have them all on autopay. I think my Bank of America card is $1,000! I ask for increases and am either denied or they say that based on my use they don't think I need an increase. How often do you request an increase and how? Do you call or go online?
I think there are many factors that go into it, including how much total credit you have, income, debt and housing payments, and how much you are using the credit you already have.
I only have anecdotal evidence, but i've found that the premium cards with annual fees are the ones that give really high limits. I only have 2 cards with 30K+ limits and both were cards that had annual fees. What you could try is to get the annual fee waived, or product change the card after getting approved for the high limit.
Has anybody ever tried selling a tradeline on a business card? Two advantages I can see - if you get shutdown it's not on your personal cards, and the banks might be less suspicious of frequent AU activity on business accounts (you're plausibly issuing them to employees etc.). My "business" is from real estate activity and it's not a big deal if they do get shut down.
Has anybody ever tried selling a tradeline on a business card? Two advantages I can see - if you get shutdown it's not on your personal cards, and the banks might be less suspicious of frequent AU activity on business accounts (you're plausibly issuing them to employees etc.). My "business" is from real estate activity and it's not a big deal if they do get shut down.
My reminder just went off to remove an AU from my discover card, but when I go to the discover website that person is no longer listed as an AU. In the tradeline portal I can see that the AU was successfully posted and I was paid for it. Since it posted and I was paid it seems like it shouldn't be an issue, but also WTF? I never removed that AU. I don't remember getting any notifications from discover that they removed any AU for me either.
Anyone had anything similar happen?
I recently had a large purchase come up, and it had to go on cc, so I used my best rewards cc for the situation which is my citi doublecash (2% back). My limit is $9,500 and this purchase brought me to just over $9,000 on the card. I paid the charge off immediately, so when my statement ends it should post with just a few hundred on it and be well under the 10% utilization.
Is doing this likely to cause a problem or issue? I am going to run into this same scenario a couple times over the next couple months, and I would prefer to use my best rewards. I wasn't anticipating that only cc payments would be accepted, so I didn't sign up for any new cards. I could potentially try to sign up for more cards and easily meet the minimum spend with the other planned transactions.
Is citi likely to give me an increased limit due to spending so close to my limit? They've been keeping me at $9,500 so I am just out of the next pricing tier for TL, and they've denied my last couple requests for credit increases.
I recently had a large purchase come up, and it had to go on cc, so I used my best rewards cc for the situation which is my citi doublecash (2% back). My limit is $9,500 and this purchase brought me to just over $9,000 on the card. I paid the charge off immediately, so when my statement ends it should post with just a few hundred on it and be well under the 10% utilization.
Is doing this likely to cause a problem or issue? I am going to run into this same scenario a couple times over the next couple months, and I would prefer to use my best rewards. I wasn't anticipating that only cc payments would be accepted, so I didn't sign up for any new cards. I could potentially try to sign up for more cards and easily meet the minimum spend with the other planned transactions.
Is citi likely to give me an increased limit due to spending so close to my limit? They've been keeping me at $9,500 so I am just out of the next pricing tier for TL, and they've denied my last couple requests for credit increases.
It's unlikely but possible. As I'm sure you know, CCs typically only report statement balances to the CRAs, but they are not restricted from reporting it at other times, so you conceivably run the risk of the CC reporting a mid-cycle balance (for whatever reason) and then aggravating any AUs you have on there.
For simplicity's sake and to avoid any risk of the above, I separate my daily CC usage from my piggybacking cards.
Spending close to your limit might induce Citi to raise your limit. Usually that's one factor they look at. The other big one is your reported household income. And then of course your overall credit score and history.
I suspect, but cannot confirm, that AUs looking at their card options will pick the highest limit and oldest card within a given price range. So if your Citi gets raised to $10.1K, and it's now mixed in with a bunch of other cards that range from $10K to $20K for the same price, I would imagine that a hypothetical AU would pick someone else's $19.8K limit card over yours. So you have to decide if that tradeoff is worth it to you.
But AUs are not the most rational of financial actors, and I can't fully explain the relative popularity of my cards' slots with the above logic, so it's maybe just a hypothetical concern.
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card. Letter says it will have a new #. Yahoo! Any predictions on if that will reset the AU limit AND keep the original open date?? Fingers crossed... :)
This is supposed to happen in May so I will update the thread once I get the card.
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card. Letter says it will have a new #. Yahoo! Any predictions on if that will reset the AU limit AND keep the original open date?? Fingers crossed... :)
This is supposed to happen in May so I will update the thread once I get the card.
Why did this happen? Did you ask for it, or did the old product/card go away for some reason, or ...?
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card. Letter says it will have a new #. Yahoo! Any predictions on if that will reset the AU limit AND keep the original open date?? Fingers crossed... :)
This is supposed to happen in May so I will update the thread once I get the card.
Are people still able to add users to Fidelity/Elan online? I tried, but there is a message that I need to call them. Anyone else experience this?
I'm not playing the tradelines game, but I added my teenage daughters as AUs to help with their credit history and we also got them signed into Credit Karma to watch for fraud. I was surprised to see that they can see the credit line balance and limits via Credit Karma, so you are giving up a tiny amount of personal info the the AUs on your account.
I recently had a large purchase come up, and it had to go on cc, so I used my best rewards cc for the situation which is my citi doublecash (2% back). My limit is $9,500 and this purchase brought me to just over $9,000 on the card. I paid the charge off immediately, so when my statement ends it should post with just a few hundred on it and be well under the 10% utilization.
Is doing this likely to cause a problem or issue? I am going to run into this same scenario a couple times over the next couple months, and I would prefer to use my best rewards. I wasn't anticipating that only cc payments would be accepted, so I didn't sign up for any new cards. I could potentially try to sign up for more cards and easily meet the minimum spend with the other planned transactions.
Is citi likely to give me an increased limit due to spending so close to my limit? They've been keeping me at $9,500 so I am just out of the next pricing tier for TL, and they've denied my last couple requests for credit increases.
It's unlikely but possible. As I'm sure you know, CCs typically only report statement balances to the CRAs, but they are not restricted from reporting it at other times, so you conceivably run the risk of the CC reporting a mid-cycle balance (for whatever reason) and then aggravating any AUs you have on there.
For simplicity's sake and to avoid any risk of the above, I separate my daily CC usage from my piggybacking cards.
Spending close to your limit might induce Citi to raise your limit. Usually that's one factor they look at. The other big one is your reported household income. And then of course your overall credit score and history.
I suspect, but cannot confirm, that AUs looking at their card options will pick the highest limit and oldest card within a given price range. So if your Citi gets raised to $10.1K, and it's now mixed in with a bunch of other cards that range from $10K to $20K for the same price, I would imagine that a hypothetical AU would pick someone else's $19.8K limit card over yours. So you have to decide if that tradeoff is worth it to you.
But AUs are not the most rational of financial actors, and I can't fully explain the relative popularity of my cards' slots with the above logic, so it's maybe just a hypothetical concern.
Are people still able to add users to Fidelity/Elan online? I tried, but there is a message that I need to call them. Anyone else experience this?
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card. Letter says it will have a new #. Yahoo! Any predictions on if that will reset the AU limit AND keep the original open date?? Fingers crossed... :)
This is supposed to happen in May so I will update the thread once I get the card.
Fingers crossed! My Barclays arrival has supposedly been discontinued for a bit, I haven't gotten any such letter. But then again, I'm still going strong. I've had 44 Authorized Users on that card, so I'm expecting to hit the limit any time now.
Wow, 44 users, really!!? My Barclay lifetime limit has always been 30, same for my wife. I wonder why there is such a range?
I was sure I saw something about Discover cards recently, but I can't find the post now. It was in reference to the apparent date limit on adding another user to your Discover card. I recently had one user on my card, and even though it says I can have up to 5 users it said that I couldn't add another until 5/18/21. I received an order for this card and was told that you can still call the order in. I tried it, spoke with a US based CSR who was able to help me add the user in about 10 minutes. Just wanted to throw that out there in case others have run into this issue with Discover.
I was sure I saw something about Discover cards recently, but I can't find the post now. It was in reference to the apparent date limit on adding another user to your Discover card. I recently had one user on my card, and even though it says I can have up to 5 users it said that I couldn't add another until 5/18/21. I received an order for this card and was told that you can still call the order in. I tried it, spoke with a US based CSR who was able to help me add the user in about 10 minutes. Just wanted to throw that out there in case others have run into this issue with Discover.+1 to this. My Discover says I can add again online although I have yet to try. P2 still has a date listed but calling in to add the AU was successful.
Question about Barclaycard. If a card you use for tradelines is re-issued for security reasons because one of the merchants you used it with was compromised, does it make any difference for tradeline sales or existing AUs? The account stays the same, just the main card is re-issued with a different number.
Will "old company" email you when a spot sells? I can't find that info in their FAQ.
Need some urgent advice-
I have 2 bank of america cards signed up with old company. One had a 10k limit and one had a 20k limit (and is a really old card, 15+ yrs)
I opened a new card with them this past week for rewards, and the new card has 20k limit, but they reduced my other two cards to 9k and 12k. Which stinks because it lowers my commission fees on those cards, the 9k one may not be eligible anymore.
Is there anything I can say to the BofA rep that could help me redistribute some of the new card back to the other card (s)?? That seems like a big red flag to me, they are going to ask why, etc. I only put small charges of 30-50$ a month on those two cards and just use them for AUs basically.
I know BoA is risky and gets shutdowns so perhaps I should just leave it alone? I have been getting sales on the two cards thru Old Company this past year. But previous years, hardly any.
Any thoughts.
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card. Letter says it will have a new #. Yahoo! Any predictions on if that will reset the AU limit AND keep the original open date?? Fingers crossed... :)
This is supposed to happen in May so I will update the thread once I get the card.
Hi all, I'm new to tradelines and was wondering if anyone could message me what companies they recommend selling through. I notice "old company" and "new company" being thrown around quite a bit, but would appreciate the help! Thanks!
Would you be kind enough to PM the information as well. Thank you.
Quick question. I've got a CC issued by Elan Financial, but there's an AMEX sticker in the bottom right corner. Assuming 2+ years of history and $10k+ credit limit, does anyone know whether this card would be eligible for tradelines?
Quick question. I've got a CC issued by Elan Financial, but there's an AMEX sticker in the bottom right corner. Assuming 2+ years of history and $10k+ credit limit, does anyone know whether this card would be eligible for tradelines?
Quick question. I've got a CC issued by Elan Financial, but there's an AMEX sticker in the bottom right corner. Assuming 2+ years of history and $10k+ credit limit, does anyone know whether this card would be eligible for tradelines?
I wonder if you can product change to one of their visa or mc products and keep the age of the card? Might be worth a call… I has a citi Amex that recently switched to a MasterCard and kept the age when it reports.
One of my Amex cards is my biggest sellers but it’s the high limit since no age of account reports.
My mailman is becoming suspicious. #mpp
^Thanks for this tip. I did request a small credit increase from Barclay's since my last posting, and they called me to approve it. I think them calling me is weird, but they do that I guess. I'll keep the "large purchase but low utilization" excuse in mind for my next requested increase. Can do this quarterly?Just be aware that Barclays is always a hard pull.
Question about Citibank. I used to sell tradelines on one of their cards and had to spell out all the AU details over the phone every time. Then sometimes i was transfered to another department to check my identity etc. Also there was no option to opt out of receiving a physical card for the AU. That was a couple of years ago. Is it still the same or got better or worse? Is it even worth using Citibank cards for tradelines?
Question about Citibank. I used to sell tradelines on one of their cards and had to spell out all the AU details over the phone every time. Then sometimes i was transfered to another department to check my identity etc. Also there was no option to opt out of receiving a physical card for the AU. That was a couple of years ago. Is it still the same or got better or worse? Is it even worth using Citibank cards for tradelines?
YMMV, but I have always had issues with Citi, still have to spell out all the AU detail every time over the phone, with reps who may or may not get it right. Sometimes they will still not post, and frequently I will be transferred around a bit.
Is it worth it? For me, it is absolutely worth it. In the grand scheme of things I am making one 20 minute phone call and earning $300. I'll take it every time.
Whether it is worth it or not to you is your call.
Strange. I just started selling AU slots on my one Citi personal card with Old Company. There's a place for me in the Citi online portal to add AUs, and I'm pretty sure I used that and didn't call it in.
If an AU doesn't post with Old Company, then I don't get paid. So if Citi is problematic in terms of posting even when I do my part right, then I would include that in my assessment. Maybe it's a 20 minute phone call, but if it's $300 only half the time then that looks to me like an average of $150.
Strange. I just started selling AU slots on my one Citi personal card with Old Company. There's a place for me in the Citi online portal to add AUs, and I'm pretty sure I used that and didn't call it in.
Let us know if these have been posting for you. I would love to skip the phone call, but when I started selling Citi 2 years ago, I would use the online portal to add, but there is no place for the SSN. None of the AUs I added via the Citi online portal ever posted. 0% success rate. Other banks don't ask for the SSN but still post. This has not worked for me with Citi.
Does anyone use amazon gift card reload to ensure balance on rarely used cards? I'd like to set up an automatic reload purchase monthly for 2 separate cards, but amazon is only giving me the option to use one. Adding a second card just changes the monthly reload to the new card.
For Chase cards, is there an option to add an AU and not receive a new card for them (like there is for Barclays)?I didn't think anyone was foolish enough to use Chase cards for this game?
For Chase cards, is there an option to add an AU and not receive a new card for them (like there is for Barclays)?I didn't think anyone was foolish enough to use Chase cards for this game?
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Quick question. I've got a CC issued by Elan Financial, but there's an AMEX sticker in the bottom right corner. Assuming 2+ years of history and $10k+ credit limit, does anyone know whether this card would be eligible for tradelines?
I wonder if you can product change to one of their visa or mc products and keep the age of the card? Might be worth a call… I has a citi Amex that recently switched to a MasterCard and kept the age when it reports.
One of my Amex cards is my biggest sellers but it’s the high limit since no age of account reports.
Great idea. I'll call and ask.
Following up on this. I called Elan Financial and told them I wanted to switch to another product to use the card more (which is actually true). They gave me a list of available options and said the only difference will be the card issuer will be MasterCard instead of AMEX. All account history and credit limit retained.
It appears 3 years is how long you must wait in purgatory if Chase kicks you out.
I prefer to not ruin my relationship with Chase. We've racked up over a million UR points in the last 2-3 years. I understand though it's entirely different for everyone.
I've been selling AUs on both of my Chase cards for 38 months now.
I've had 54 sales (combined) at $275 a pop... just about to hit $15,000 in commissions for those two cards. Not too shabby.
If I lose 'em, I lose 'em.
Today my wife told me a tow truck showed up to our driveway, and the driver was asking for somebody who doesn't live at our house (she had no clue who the person was, but when she told me the story later I recognized the name as somebody I added as an AU). They said the bank sent them to repo the guy's BMW.
(I just started selling tradelines about 8 months ago, cautiously only adding 1 AU to 2 different cards. Maybe I'm being too cautious and could have been adding more than 1 slot to the cards but I was/am just "getting my feet wet" to see how this works.)
Ironically, the repo man was looking for one of my newest AU's that I just added 29 days ago, so he's still an active AU.
Question for those of you that have been selling tradelines for some time:
Is it fairly common/normal to have creditors show up to your door, asking for the name of ______ (insert AU/tradeliine sale)? I was fully aware this could happen, as I read stories on this thread previously that you can expect a call from a creditor asking for the name of an AU or potentially the repo man coming. I guess I just figured it wouldn't have happened so "early" on for me, when I've only added about 8 AU's total since starting tradelines.
Have some of you been doing this for a long time and despite adding lots of AU's (50-75+ etc) never had this experience I had?
I honestly don't mind the repo man so much but my wife did. She isn't too thrilled about this happening in the future over and over.
I'm just trying to gauge other's experiences if this is a fairly common thing or if our repo man experience is the exception and not the rule.
But it gives the neighbors something to talk about especially when they leave empty handed. LOLToday my wife told me a tow truck showed up to our driveway, and the driver was asking for somebody who doesn't live at our house (she had no clue who the person was, but when she told me the story later I recognized the name as somebody I added as an AU). They said the bank sent them to repo the guy's BMW.
(I just started selling tradelines about 8 months ago, cautiously only adding 1 AU to 2 different cards. Maybe I'm being too cautious and could have been adding more than 1 slot to the cards but I was/am just "getting my feet wet" to see how this works.)
Ironically, the repo man was looking for one of my newest AU's that I just added 29 days ago, so he's still an active AU.
Question for those of you that have been selling tradelines for some time:
Is it fairly common/normal to have creditors show up to your door, asking for the name of ______ (insert AU/tradeliine sale)? I was fully aware this could happen, as I read stories on this thread previously that you can expect a call from a creditor asking for the name of an AU or potentially the repo man coming. I guess I just figured it wouldn't have happened so "early" on for me, when I've only added about 8 AU's total since starting tradelines.
Have some of you been doing this for a long time and despite adding lots of AU's (50-75+ etc) never had this experience I had?
I honestly don't mind the repo man so much but my wife did. She isn't too thrilled about this happening in the future over and over.
I'm just trying to gauge other's experiences if this is a fairly common thing or if our repo man experience is the exception and not the rule.
A few years ago, someone showed up at my door, flashed a badge, and told me he was from the States Attorney’s office. He had some paperwork and was looking for someone. He asked me if I knew this person and showed me a photo. I said I didn’t know him and that it was not the previous owner, but possibly an old tenant. After he left I went straight to my AU list and found this person was a previous AU on one of my cards.
A way to prevent this might be to use a different address on your cards, like a UPS mailbox address.
I think these are just the risks and inconveniences that go along with this business. Sorry to hear about the repo man - that could be embarrassing!
But it gives the neighbors something to talk about especially when they leave empty handed. LOLToday my wife told me a tow truck showed up to our driveway, and the driver was asking for somebody who doesn't live at our house (she had no clue who the person was, but when she told me the story later I recognized the name as somebody I added as an AU). They said the bank sent them to repo the guy's BMW.
(I just started selling tradelines about 8 months ago, cautiously only adding 1 AU to 2 different cards. Maybe I'm being too cautious and could have been adding more than 1 slot to the cards but I was/am just "getting my feet wet" to see how this works.)
Ironically, the repo man was looking for one of my newest AU's that I just added 29 days ago, so he's still an active AU.
Question for those of you that have been selling tradelines for some time:
Is it fairly common/normal to have creditors show up to your door, asking for the name of ______ (insert AU/tradeliine sale)? I was fully aware this could happen, as I read stories on this thread previously that you can expect a call from a creditor asking for the name of an AU or potentially the repo man coming. I guess I just figured it wouldn't have happened so "early" on for me, when I've only added about 8 AU's total since starting tradelines.
Have some of you been doing this for a long time and despite adding lots of AU's (50-75+ etc) never had this experience I had?
I honestly don't mind the repo man so much but my wife did. She isn't too thrilled about this happening in the future over and over.
I'm just trying to gauge other's experiences if this is a fairly common thing or if our repo man experience is the exception and not the rule.
A few years ago, someone showed up at my door, flashed a badge, and told me he was from the States Attorney’s office. He had some paperwork and was looking for someone. He asked me if I knew this person and showed me a photo. I said I didn’t know him and that it was not the previous owner, but possibly an old tenant. After he left I went straight to my AU list and found this person was a previous AU on one of my cards.
A way to prevent this might be to use a different address on your cards, like a UPS mailbox address.
I think these are just the risks and inconveniences that go along with this business. Sorry to hear about the repo man - that could be embarrassing!
After reading this thread and asking questions, we now have a PO Box for CC. Seems like a good thing to do if you are concerned. I just got the first message from a CC saying the AU's card was returned after being sent to the PO Box. Well after fielding a lot of mail for the previous tenants of the PO Box, this was a surprise. C'est la vie.
Thanks for your responses. The AU happened to be added to my capital one (quicksilver) card. He's only my 2nd or 3rd add to capital one, but I realize that when I add an AU to my capital one card, it doesn't allow me to put in an address. So even though the trade-line company gives me the AU address, when I add on cap one there's nowhere to change the address. But once I get to the confirmation page (after adding the AU), it lists the AU info but with my address (on file with cap one).
When I add an AU to my discover account, I can put their address.
Regarding the PO Box - so that may not help with my capital one account, unless I change my personal address with capital one to the PO box (?). Anyone notice this with their capital one accounts - they can't change the address to the AU address or a PO box, etc?
Regarding the PO Box - so that may not help with my capital one account, unless I change my personal address with capital one to the PO box (?). Anyone notice this with their capital one accounts - they can't change the address to the AU address or a PO box, etc?True. I changed my address to the PO Box with the banks. With a new zip code which still gets me at the cash registers.
A few years ago, I was doing well selling tradelines on cards from a number of issuers, including two on USAA CCs. One day, USAA's fraud department calls me and asks me, do I know these two people, why am I giving them USAA memberships?
I replied that I knew these people through a mutual friend. USAA said, you're lying, we know that you sold tradelines because we called these two AUs and they spilled the beans. Why are you giving them USAA memberships?
I replied - I don't have anything to do with USAA memberships - that's USAA's job. I simply added them as AUs on my credit cards. A long back-and-forth followed, with USAA accusing me of bank fraud. At the end of our exchange, the rep stated that USAA had decided, under the circumstances, to end their relationship with me.
This was a frightening prospect, because I've been a customer for 30 years and use many of their other products extensively: for instance, my checking account with them is my primary account for my paycheck and all my bills, plus I have auto insurance through USAA. Furthermore, at the time, I was helping my own children build their credit and had added them as AUs on my USAA cards (USAA did not object to me adding my children or other relatives as AUs).
I outlined why the relationship was important to me, and said that I would not have sold the tradelines had I known that doing so would place our entire relationship at risk. Would USAA reconsider in exchange for my promise not to sell any more AUs on USAA cards? The rep agreed after giving me a stern warning.
They said it happened a few years ago. Good to know, if you sell USAA lines. I believe @secondcor521 also got a warning call from USAA a few years ago and stopped selling tradelines with them to not jeopardize that relationship. So beware if you sell AU lines on USAA, they do monitor and will shut down.
Really interesting about the repo guy. I've never had that, though have had mail/phone calls for former AUs (put back in mail as return to sender and tell them wrong number, respectively).
Someone just messaged me this story about selling AUs on their USAA card, and asked me to post anonymously.QuoteA few years ago, I was doing well selling tradelines on cards from a number of issuers, including two on USAA CCs. One day, USAA's fraud department calls me and asks me, do I know these two people, why am I giving them USAA memberships?
I replied that I knew these people through a mutual friend. USAA said, you're lying, we know that you sold tradelines because we called these two AUs and they spilled the beans. Why are you giving them USAA memberships?
I replied - I don't have anything to do with USAA memberships - that's USAA's job. I simply added them as AUs on my credit cards. A long back-and-forth followed, with USAA accusing me of bank fraud. At the end of our exchange, the rep stated that USAA had decided, under the circumstances, to end their relationship with me.
This was a frightening prospect, because I've been a customer for 30 years and use many of their other products extensively: for instance, my checking account with them is my primary account for my paycheck and all my bills, plus I have auto insurance through USAA. Furthermore, at the time, I was helping my own children build their credit and had added them as AUs on my USAA cards (USAA did not object to me adding my children or other relatives as AUs).
I outlined why the relationship was important to me, and said that I would not have sold the tradelines had I known that doing so would place our entire relationship at risk. Would USAA reconsider in exchange for my promise not to sell any more AUs on USAA cards? The rep agreed after giving me a stern warning.
They said it happened a few years ago. Good to know, if you sell USAA lines. I believe @secondcor521 also got a warning call from USAA a few years ago and stopped selling tradelines with them to not jeopardize that relationship. So beware if you sell AU lines on USAA, they do monitor and will shut down.
Question about Citibank. I used to sell tradelines on one of their cards and had to spell out all the AU details over the phone every time. Then sometimes i was transfered to another department to check my identity etc. Also there was no option to opt out of receiving a physical card for the AU. That was a couple of years ago. Is it still the same or got better or worse? Is it even worth using Citibank cards for tradelines?
Strange. I just started selling AU slots on my one Citi personal card with Old Company. There's a place for me in the Citi online portal to add AUs, and I'm pretty sure I used that and didn't call it in.
Let us know if these have been posting for you. I would love to skip the phone call, but when I started selling Citi 2 years ago, I would use the online portal to add, but there is no place for the SSN. None of the AUs I added via the Citi online portal ever posted. 0% success rate. Other banks don't ask for the SSN but still post. This has not worked for me with Citi.
I'm new to this although I'm known about it a while. Cap1 sent me an automated emailed confirming the add of an AU, so I forwarded that and done. I just added an AU to my Chase card and nothing. So I call and even confirm the name was added, and they say yes it was. But I can't find a list of my AU on the chase CC website anywhere. I've used the Chase search bar as well as tried asking the question in various confirmations on Google. Anyone selling Chase lines throw me a bone on where to screen shot said list?
And I have columns in my spreadsheet for all the above ("Added AU", "Received card", "Activated card", "Removed AU", "Shredded card" etc), so I can always tell the state of any AU at any given point.
Lots of cards have online add sections but no place to see the AUs on your account and no place to remove AUs from online. I'd say 2/3 of my cards are this way or completely call-in. If you're doing all Barclays, cap one and Discover, you'll get spoiled, then have to deal with USBank who you need to call to cancel and they randomly tell you that you have to send them the AU's card for them to destroy. I have found that even if I don't, they don't follow up, so those cards that went into my wood stove aren't keeping me from adding another AU.
Curious but is it possible to sign up with multiple card companies to 'increase' your odds of getting a sale on an AU? And if you get two or more sales you can just choose whichever you want to go with at the time?
Curious but is it possible to sign up with multiple card companies to 'increase' your odds of getting a sale on an AU? And if you get two or more sales you can just choose whichever you want to go with at the time?
It's against the terms and conditions of the TL companies. You generally tell them how many slots per card you want to do, and if they think they have an available slot to sell on your card, they'll sell it and expect you to fulfil the order. If you're not able to because you've already sold those slots via another TL company and decline to fulfil the order, then the AU will be dissatisfied and that TL company will get annoyed at you. The TL companies reserve the right to terminate their relationship with you if you are unable to fulfil the orders.
So yeah, you can do what you're suggesting and it'll increase your odds of getting sales, but it will also increase the chances that you are oversold, will have to decline an order, and then get unenrolled by the affected TL company.
Curious but is it possible to sign up with multiple card companies to 'increase' your odds of getting a sale on an AU? And if you get two or more sales you can just choose whichever you want to go with at the time?
Looking for some guidance...
I have a few barclay cards that are selling out consistently lately at 2 spots each. I am wondering if I should increase the # of AU slots from 2 to 3 or possibly even 4. The only downside I can think of is that I will hit the max AU limit faster on each card.
Any thoughts? Thanks in advance!
Looking for some guidance...
I have a few barclay cards that are selling out consistently lately at 2 spots each. I am wondering if I should increase the # of AU slots from 2 to 3 or possibly even 4. The only downside I can think of is that I will hit the max AU limit faster on each card.
Any thoughts? Thanks in advance!
Looking for some guidance...YMMV, but I have had no issue selling 4 slots every single month on my Barclays card. Yes you will reach your AU limit much more quickly, but there’s no reason to save them for later unless you are still seasoning them.
I have a few barclay cards that are selling out consistently lately at 2 spots each. I am wondering if I should increase the # of AU slots from 2 to 3 or possibly even 4. The only downside I can think of is that I will hit the max AU limit faster on each card.
Any thoughts? Thanks in advance!
I've left my Chase cards untouched for sales but is there any risk of closure if I add one family member to several of my Chase cards?
My Barclays card with $19k limit sold 2 slots consistently ($125 for each sale). I asked Barclays for an increase of $9k. After a hard pull, they approved only a $2500 bump. So theoretically I’ll now get $175 per sale, but I haven’t had one yet. I probably should have left it at $19k.
Thanks, ARS! And by adding that one person to multiple cards, does that boost their score even more, or does it just become marginal improvement per card?https://www.doctorofcredit.com/how-does-being-an-authorized-user-affect-your-credit/
Looking for some guidance...
I have a few barclay cards that are selling out consistently lately at 2 spots each. I am wondering if I should increase the # of AU slots from 2 to 3 or possibly even 4. The only downside I can think of is that I will hit the max AU limit faster on each card.
Any thoughts? Thanks in advance!
How did you get a few barclaycards with high enough credit lines to use them for TL sales? I have three cards but can use only one of them for TLs because the total credit limit is quite low and even if they approve an application for a new card they'll just assign a very small credit line. They probably have a relatively low limit on the total credit line per customer.
Looking for some guidance...
I have a few barclay cards that are selling out consistently lately at 2 spots each. I am wondering if I should increase the # of AU slots from 2 to 3 or possibly even 4. The only downside I can think of is that I will hit the max AU limit faster on each card.
Any thoughts? Thanks in advance!
The other main downside is that you may risk increasing your risk of card closure. And I can tell you from personal experience that if you have a card closed on you with, say, 3 or 4 AUs on there, then you don't get paid for any of them, and it's a moderately major hassle for you and the TL company to deal with.
I personally just set my AU slots to whatever the company recommends. Occasionally they have asked me to go one additional slot (they had a bug in their scheduling at one point where they were overbooking cards), and generally I've declined.
There is an old phrase "Pigs get fat, hogs get slaughtered" that people might apply here.
Looking for some guidance...
I have a few barclay cards that are selling out consistently lately at 2 spots each. I am wondering if I should increase the # of AU slots from 2 to 3 or possibly even 4. The only downside I can think of is that I will hit the max AU limit faster on each card.
Any thoughts? Thanks in advance!
The other main downside is that you may risk increasing your risk of card closure. And I can tell you from personal experience that if you have a card closed on you with, say, 3 or 4 AUs on there, then you don't get paid for any of them, and it's a moderately major hassle for you and the TL company to deal with.
I personally just set my AU slots to whatever the company recommends. Occasionally they have asked me to go one additional slot (they had a bug in their scheduling at one point where they were overbooking cards), and generally I've declined.
There is an old phrase "Pigs get fat, hogs get slaughtered" that people might apply here.
Thanks @secondcor521 and everyone else for chiming in on my question.
Interestingly enough, old co doesn't have a recommendation... they did advise max is 5 for barclays. I may increase a couple of cards to 3 and see how it goes.
Looking for some guidance...
I have a few barclay cards that are selling out consistently lately at 2 spots each. I am wondering if I should increase the # of AU slots from 2 to 3 or possibly even 4. The only downside I can think of is that I will hit the max AU limit faster on each card.
Any thoughts? Thanks in advance!
The other main downside is that you may risk increasing your risk of card closure. And I can tell you from personal experience that if you have a card closed on you with, say, 3 or 4 AUs on there, then you don't get paid for any of them, and it's a moderately major hassle for you and the TL company to deal with.
I personally just set my AU slots to whatever the company recommends. Occasionally they have asked me to go one additional slot (they had a bug in their scheduling at one point where they were overbooking cards), and generally I've declined.
There is an old phrase "Pigs get fat, hogs get slaughtered" that people might apply here.
Thanks @secondcor521 and everyone else for chiming in on my question.
Interestingly enough, old co doesn't have a recommendation... they did advise max is 5 for barclays. I may increase a couple of cards to 3 and see how it goes.
Sure. Well, remember that it all goes well until it doesn't. The CC companies seem to generally just shut you down without warning (USAA being the apparent exception). And AFAIK there is no appeal.
How do you get your limits up to $30K? I have a handful of cards and a 750 credit score and my highest limit is I think 15 or 20K. One is 10K and the rest only 5K or less. I use the cards for small purchases and have them all on autopay. I think my Bank of America card is $1,000! I ask for increases and am either denied or they say that based on my use they don't think I need an increase. How often do you request an increase and how? Do you call or go online?
I think there are many factors that go into it, including how much total credit you have, income, debt and housing payments, and how much you are using the credit you already have.
I only have anecdotal evidence, but i've found that the premium cards with annual fees are the ones that give really high limits. I only have 2 cards with 30K+ limits and both were cards that had annual fees. What you could try is to get the annual fee waived, or product change the card after getting approved for the high limit.
Look for "visa signature" credit cards. Some have fees but some do not as I recall. They require a higher limit to be issued.
I don't understand how you get huge credit limits though. Any thoughts to be shared? Thank you
as quoted above, i have 2 cards with over $30K limits. (I used to have 3, but alas got one shut down). All of them either still have an annual fee, or initially had an annual fee before I downgraded the card.
I think something about having cards with an annual fee somehow makes the card issuers more ok with giving higher limits.
If you are not cool with the annual fees, look for something that can be downgraded to a no fee version after your initial approval.
I had my first adds with new company this year—BoA and Citi. All have posted, and I’m now waiting on word to remove users. The BoA orders were back in Feb/Mar. Anyone know the typical timeline? Didn’t see anything in the docs they originally sent.
I had my first adds with new company this year—BoA and Citi. All have posted, and I’m now waiting on word to remove users. The BoA orders were back in Feb/Mar. Anyone know the typical timeline? Didn’t see anything in the docs they originally sent.
I think new company sends an email to you telling you when to remove. Typical timeframe is 2 to 4 months. Don't remove early or you risk not getting paid.
re: Barclay... those of you having issues with Barclaycard posting, are you adding the AU via online or calling it in?
I was instructed to call it in every time to make sure the SSN was provided. I have have added 8 over the last 6-7 months and never had an issue.... knock on wood.
re: Barclay... those of you having issues with Barclaycard posting, are you adding the AU via online or calling it in?
I was instructed to call it in every time to make sure the SSN was provided. I have have added 8 over the last 6-7 months and never had an issue.... knock on wood.
Online.
My discover card AU activity has been restricted. I got a sale and when I go to add them I get this message:
"You've reached the maximum number of requests to add Authorized Users at this time.
You'll be able to add your next Authorized User on 08/21/2021 if you have fewer than 5 Authorized Users at that time."
I added 4 AU to this card in 2021 with the old company. Prior to that I added 3 AU in 2020 with the new company. Currently I have 1 AU still on the account.
I see that discover has a maximum of 5 simultaneous AU, but I don't see what the rules are for "maximum number of requests". Anyone have any insight?
With Old Companies latest email about Disc limiting AU to 7 per year, what happens if you hit that? Do they kick off the AUs?
Yes, Discover cardholders started getting this message last year, but the exact rules have been unclear. For example, I had a message that I couldn't add AUs until December 2020, so I waited patiently for that time frame, and then when I go to add an AU in late December 2020, the message changed to say that I couldn't add AUs until June 2021!
Some people have reported that they were able to circumvent the restriction by calling in to add AUs, but I haven't tried that myself
I added an AU to discover in May 2020, then added 2 more on 8-21-20. I've had a total of 7, so excluding the one from May 2020 I've had 6 in the last year.
After reaching 7 AU in 2020, getting my AU access restricted,... in May and discovered (ha) that I could add authorized users online once more.
June rolls around and I receive two AU add notifications. The first AU went through as expected but when I went to add the second AU I was greeted by the maximum authorized users have been added message.
could someone message me the TL companies they use? I think I'd like to try getting in on this. ty
could someone message me the TL companies they use? I think I'd like to try getting in on this. ty
@arebelspy is who you want to talk to
I added an AU to discover in May 2020, then added 2 more on 8-21-20. I've had a total of 7, so excluding the one from May 2020 I've had 6 in the last year.
You added an AU in May of 2020, but when did you remove that AU? If it was still on the card on July 7th, then you have had 7 in the last 12 months.
... (8-21-20). Seems odds that I would be re-eligible to add AU on a date coinciding with when I previously added AU rather than when I removed them, if that is how they are calculating the roling totals.
I have found that the new company is forgetful about things. I've removed AUs who were in place for 8 months without any notice to remove them. Oh, and they don't pay me unless I remind them that they forgot to.....last time, for a year and a half.
Decided to log back into Discover... it is updated now with
"In order to verify your authorized user, we'll need some additional documents. Please upload your documents below, or call us at 1-866-236-8431".
And next to the AU's name it says:
Required: Proof of Address, SSN
So I guess we will try calling and maybe just have to provide the SSN number.
Decided to log back into Discover... it is updated now with
"In order to verify your authorized user, we'll need some additional documents. Please upload your documents below, or call us at 1-866-236-8431".
And next to the AU's name it says:
Required: Proof of Address, SSN
So I guess we will try calling and maybe just have to provide the SSN number.
I haven't had to do this yet, but my understanding is that the TL companies (at least the recommended ones on this thread) have that documentation and will provide it to you for this purpose if requested.
I just logged on to the Tradelinemaster with the old company and see my Barclays card is no longer listed. There is one current user (still listed in the order history) but the card listing itself is gone.
Obviously I’ll email them but in the meantime I’m wondering if anyone has seen this happen before?
Thanks.
I had my first adds with new company this year—BoA and Citi. All have posted, and I’m now waiting on word to remove users. The BoA orders were back in Feb/Mar. Anyone know the typical timeline? Didn’t see anything in the docs they originally sent.
I think new company sends an email to you telling you when to remove. Typical timeframe is 2 to 4 months. Don't remove early or you risk not getting paid.
Good to know! Thanks.
Same for me. Barclays is not listed. Other cards are listed.
Yes, same here... I reported it Thursday or Friday. All of my cards except 1 disappeared. I assume they broke something in the web site inadvertently and will fix it.
I just logged on to the Tradelinemaster with the old company and see my Barclays card is no longer listed. There is one current user (still listed in the order history) but the card listing itself is gone.
Obviously I’ll email them but in the meantime I’m wondering if anyone has seen this happen before?
Thanks.
Same for me. No idea why.
I just logged on to the Tradelinemaster with the old company and see my Barclays card is no longer listed. There is one current user (still listed in the order history) but the card listing itself is gone.
Obviously I’ll email them but in the meantime I’m wondering if anyone has seen this happen before?
Thanks.
Same for me. No idea why.
You didn't like the explanation in my post immediately above yours?
Does Chase send a card when you add an AU online? Do they send it to your address or AU address? Is there any way to opt out of receiving it, like with Barclays?
Chase does send a card and all companies always send the card to your address.
Old co is playing around with their website. Cards I've removed are back. No AUs assigned, they just appear.
I just got the email from Old company about the situation with Barclays cards. Man, I hope this isn't the end of the barclaycard AU gravy train.
I just got the email from Old company about the situation with Barclays cards. Man, I hope this isn't the end of the barclaycard AU gravy train.
Is it possible to share their feedback? I did not receive that email. I am hearing that this is widespread throughout the industry. No one appears to know if this is a 1 off month or the new normal. I am not seeing any of my July tradelines post as well.
This is concerning.
I just got the email from Old company about the situation with Barclays cards. Man, I hope this isn't the end of the barclaycard AU gravy train.
Is it possible to share their feedback? I did not receive that email. I am hearing that this is widespread throughout the industry. No one appears to know if this is a 1 off month or the new normal. I am not seeing any of my July tradelines post as well.
This is concerning.
“ Barclays has been temporarily suspended.
Good morning Cardholders,
We have suspended ALL Barclays tradelines in Tradeline Master. We have an overwhelmingly large number of non-postings for June cycle. Barclays has either changed the date in which they report data, or it's possible that they're experiencing a system error that's preventing an update to the credit bureaus for June authorized user data. Until we confirm a Barclays posting they will not be available in the inventory.
Barclays non-postings for June:
If your order is marked as Did Not Post then that means your tradeline did not post on the credit reports and we have processed a refund for the client. In most cases the client waited an additional week or more for the posting, but Barclays still did not report. The credit reports will be shared with you in your cardholder portal. You can remove the authorized user from your tradeline at your earliest convenience if it's marked as Did Not Post.
Barclays postings for July:
We have a smaller number of orders placed in late June and early July for July statements before the lender was suspended. Our hope is that this is a one time issue and they will post for the July cycle. If that's the case, Barclays will be activated again.
Deactivated tradelines showing in your Cardholder portal:
We are aware that the cardholder portal is showing past tradelines that have been deactivated. This is temporary. They are NOT active in the system and will not be available for purchase.”
Our company has identified many non-postings for BARCLAYS bank for the month of June. Please note: if you have a pending order for June or July for Barclays tradeline we request to contact the bank and add the social security number for the authorized user over the phone. By adding the authorized user’s social security over the phone, we anticipate successful AU posting to the credit bureaus on the upcoming reporting cycle. At the current moment, all Barclays sales are disabled until we further identify the issue for non-postings. Thank you for your cooperation. ***No other lender has been impacted***
Just goes to show that selling tradelines is not a reliable source of income, just a temporary side gig.
They're hoping to un-pause Barclays Aug 1. Current suspicion is that online adds are no longer posting, but calling in with SSN is. If you have data otherwise (e.g. you called in with social for a Barclays add that didn't post), please post here or PM me. Or if your Barclays add did post, and you did/didn't do it online, please post or PM.
How do we go back and add SSNs? The client info is no longer available (AFAIK) from the portal. I don't retain SSN locally as I think it is a risky practice for all involved.
Thanks for the update. How sensitive is AMEX to AUs and how big of an impact is it when they drop thr hammer? Chase level of magnitude?
Question for the great minds here...
I have an AU that posted with a removal date of today. Should I remove it today as I normally would or wait a few days? It is a barclays card.
thanks for any advice
Thanks for the update. How sensitive is AMEX to AUs and how big of an impact is it when they drop thr hammer? Chase level of magnitude?
They max at 100 in a year.
Not burned for good. I think (haven’t had it happen yet) once you hit 99 that it’s 12 months for each add. I know when I get to 99 I’ll move by credit to another card and start all over again until the old one is back in the game.
Barclays added a remark on my account, with Equifax. I found out because Credit Karma sent me an alert. The remark is "Consumer disputes after resolution", whatever that means. It is for a credit card I use for TLs but I never disputed anything on it, always paid on time etc.
Does anyone know if having this kind of remark means I can't use this card for TLs? I remember a couple of years ago another bank added a remark, also for no reason, and one of the TL companies noticed it and said they can't use that card unless I have it removed.
Update: double checked and the same remark is with all the bureaus. Already asked equifax to remove it.
Decided to log back into Discover... it is updated now with
"In order to verify your authorized user, we'll need some additional documents. Please upload your documents below, or call us at 1-866-236-8431".
And next to the AU's name it says:
Required: Proof of Address, SSN
So I guess we will try calling and maybe just have to provide the SSN number.
Not burned for good. I think (haven’t had it happen yet) once you hit 99 that it’s 12 months for each add. I know when I get to 99 I’ll move by credit to another card and start all over again until the old one is back in the game.
So...once it stays dormant for a year you can reload the next 100 per year?
And hmm, can you move credit lines with them anymore? A while ago they stopped allowing reallocation, can we do that again? I've ignored my Amexes for a while...
Again thanks for the info.
I've been selling tradelines on a Capital One card and they always send a card for the AU. I just realized after months of throwing the unopened envelopes in a drawer that they are all metal cards. So no I have a stack of 8 metal credit cards, each with a different name and number. What is the best way to destroy/dispose of these? There were a few envelopes to return them to Capital One, but I feel like it would be very suspicious to send back multiple cards with different names in one envelope.
My wife finally has some cards aged enough to start selling tradelines on. I'm going to sign her up at the old company, but they don't allow referrals for spouses. Can she be referred by someone else here, or are they going to deny a referral since we are spouses in the same household, even though I won't be the one getting the referral?
Old Company - I added the spouse's cards to my account and only have one account with them. Been working fine. Didn't see a benefit to keeping 2 accounts going. May be one if there are tax advantages or IRA benefits.
Cheers
That was something I was looking at. Just starting out with a handful, it's easy to keep track. If this gets more complicated, I can see where 2 accounts would be simpler.Old Company - I added the spouse's cards to my account and only have one account with them. Been working fine. Didn't see a benefit to keeping 2 accounts going. May be one if there are tax advantages or IRA benefits.
Cheers
Same here. Old company advised I could do either 1-2 years ago. I thought 1 account would be simpler.
Since the private note field has been broken for a while now, I might go with 2 accounts now :) It is easy to mix them up when similar ages/limits are involved.
2) They're opening enrollment again for all cards they accept starting Aug 1. Huzzah! This happens ~once/year, so if you don't currently have your cards enrolled with Old Company, I'd recommend doing so at that time. PM me if you need the info, otherwise contact them in about two weeks.
3) They're opening enrollment--for the first time ever--to American Express cards. Yes, AmEx doesn't report the tradeline history (only the limit), so it's more for a niche of borrowers looking to drop their DTI (or who have a long credit history but not much available credit), and it will be at a lower commission than other cards, but it is a chance to use your AmEx cards now if you wish. He is supposed to email me the commission schedule for AmEx tomorrow, and I'll post it soon.
Please do not contact them now (wait until August 1) about enrolling more cards or enrolling your AmEx. They're busy dealing with the Barclays thing, and anticipate August 1 to be working on items 2 and 3 above, you can contact them them. Just wanted to give you all a heads up. :)
2) They're opening enrollment again for all cards they accept starting Aug 1. Huzzah! This happens ~once/year, so if you don't currently have your cards enrolled with Old Company, I'd recommend doing so at that time. PM me if you need the info, otherwise contact them in about two weeks.
3) They're opening enrollment--for the first time ever--to American Express cards. Yes, AmEx doesn't report the tradeline history (only the limit), so it's more for a niche of borrowers looking to drop their DTI (or who have a long credit history but not much available credit), and it will be at a lower commission than other cards, but it is a chance to use your AmEx cards now if you wish. He is supposed to email me the commission schedule for AmEx tomorrow, and I'll post it soon.
Please do not contact them now (wait until August 1) about enrolling more cards or enrolling your AmEx. They're busy dealing with the Barclays thing, and anticipate August 1 to be working on items 2 and 3 above, you can contact them them. Just wanted to give you all a heads up. :)
Here's the AmEx commission schedule:Spoiler: show
Age of the card is irrelevant for Amex.
Anyone have experience with a synchrony care credit card? My wife has lasik a few years ago, and they offered 0% financing, which ended up being the credit card in question. We've paid off the lasik, but never actually used the card for anything. I see the old company will take it for tradeline sales though so I'd like to enroll it and sell spots. But I have no idea how the credit card works. It claims it's for health related expenses, and taken at a number of different retailers like walgreens, but specifies it's for "qualifying products", but how do they differentiate between qualifying and non qualifying products? Does it have to be used at the pharmacy counter? Are they able to ring a mixed order up of qualifying items and a candy bar?
2) They're opening enrollment again for all cards they accept starting Aug 1. Huzzah! This happens ~once/year, so if you don't currently have your cards enrolled with Old Company, I'd recommend doing so at that time. PM me if you need the info, otherwise contact them in about two weeks.
3) They're opening enrollment--for the first time ever--to American Express cards. Yes, AmEx doesn't report the tradeline history (only the limit), so it's more for a niche of borrowers looking to drop their DTI (or who have a long credit history but not much available credit), and it will be at a lower commission than other cards, but it is a chance to use your AmEx cards now if you wish. He is supposed to email me the commission schedule for AmEx tomorrow, and I'll post it soon.
Please do not contact them now (wait until August 1) about enrolling more cards or enrolling your AmEx. They're busy dealing with the Barclays thing, and anticipate August 1 to be working on items 2 and 3 above, you can contact them them. Just wanted to give you all a heads up. :)
Here's the AmEx commission schedule:Spoiler: show
Age of the card is irrelevant for Amex.
I noticed my payment for July pending in my checking account today from the old company, however it does not include any money from the Barclay's cards that didn't post. Was there an email that came out that said they were going to pay 50% for these? I can't seem to find it. Anyone else have this happen?
I noticed my payment for July pending in my checking account today from the old company, however it does not include any money from the Barclay's cards that didn't post. Was there an email that came out that said they were going to pay 50% for these? I can't seem to find it. Anyone else have this happen?
You can do 99 in a month if you want. all online all easy.
Blue Cash Preferred for the supermarket benefit is pretty good.
Also Amex after a year is usually pretty generous with credit increases.
Me, prematurely quitting my job on August 1 when 6 additional tradeline cards will be eligible for sales and I can potentially earn enough income to bridge the spending gap between my actual budget and what my 'stache can support:
Me, prematurely quitting my job on August 1 when 6 additional tradeline cards will be eligible for sales and I can potentially earn enough income to bridge the spending gap between my actual budget and what my 'stache can support:
looking forward to this some day, what do you estimate your avg monthly sales to be
yea just curious if anyone has gotten close to some consistent amount where they're earning enough to nearly live of off (as single no kids) while they can just let their investments ride, I'd imagine it'd have to be through other companies to be getting enough volume- and would be interested in seeing the number/age/limits of cards enrolled
yea just curious if anyone has gotten close to some consistent amount where they're earning enough to nearly live of off (as single no kids) while they can just let their investments ride, I'd imagine it'd have to be through other companies to be getting enough volume- and would be interested in seeing the number/age/limits of cards enrolledI’m regularly selling 2 slots on 4-5 cards every month. Average limit around $15K. Average age is 10 years or so. I could sell more cards, but some I am withholding because I don’t want to lose them. Others I am seasoning to sell later. I don’t make anywhere close to enough to cover expenses (HCOL and married with 1 kid), but it’s enough to greatly reduce my risk of failure to the point where I don’t fear sequence of returns risk anymore. It’s probably covers around 15-20% of my expenses.
I noticed my payment for July pending in my checking account today from the old company, however it does not include any money from the Barclay's cards that didn't post. Was there an email that came out that said they were going to pay 50% for these? I can't seem to find it. Anyone else have this happen?
I don't see a pending payment yet. I was affected by one June Barclays AU not posting. Tradeline master shows no commission to be paid.
Since it's a one off situation, they may have to do a manual process somehow. It's conceivable to me that it could be a separate payment that is slightly delayed.
Thanks for the heads up; I'll also plan to follow @ARS's suggestion and will check with old company if the half payment doesn't show up after a week or two.
yea just curious if anyone has gotten close to some consistent amount where they're earning enough to nearly live of off (as single no kids) while they can just let their investments ride, I'd imagine it'd have to be through other companies to be getting enough volume- and would be interested in seeing the number/age/limits of cards enrolled
I noticed my payment for July pending in my checking account today from the old company, however it does not include any money from the Barclay's cards that didn't post. Was there an email that came out that said they were going to pay 50% for these? I can't seem to find it. Anyone else have this happen?
I don't see a pending payment yet. I was affected by one June Barclays AU not posting. Tradeline master shows no commission to be paid.
Since it's a one off situation, they may have to do a manual process somehow. It's conceivable to me that it could be a separate payment that is slightly delayed.
Thanks for the heads up; I'll also plan to follow @ARS's suggestion and will check with old company if the half payment doesn't show up after a week or two.
I got paid today for the exact amount I expected, including the 50% payment for the Barclays non-posting AU.
I noticed my payment for July pending in my checking account today from the old company, however it does not include any money from the Barclay's cards that didn't post. Was there an email that came out that said they were going to pay 50% for these? I can't seem to find it. Anyone else have this happen?
I don't see a pending payment yet. I was affected by one June Barclays AU not posting. Tradeline master shows no commission to be paid.
Since it's a one off situation, they may have to do a manual process somehow. It's conceivable to me that it could be a separate payment that is slightly delayed.
Thanks for the heads up; I'll also plan to follow @ARS's suggestion and will check with old company if the half payment doesn't show up after a week or two.
I got paid today for the exact amount I expected, including the 50% payment for the Barclays non-posting AU.
Is there anything showing under commission for your Barclay cards in TradelineMaster? I have one added 6/1 and the other 6/11 and nothing is showing in the commission column for either one and as far as I can tell, they didn't pay me.
2) They're opening enrollment again for all cards they accept starting Aug 1. Huzzah! This happens ~once/year, so if you don't currently have your cards enrolled with Old Company, I'd recommend doing so at that time. PM me if you need the info, otherwise contact them in about two weeks.
3) They're opening enrollment--for the first time ever--to American Express cards. Yes, AmEx doesn't report the tradeline history (only the limit), so it's more for a niche of borrowers looking to drop their DTI (or who have a long credit history but not much available credit), and it will be at a lower commission than other cards, but it is a chance to use your AmEx cards now if you wish. He is supposed to email me the commission schedule for AmEx tomorrow, and I'll post it soon.
Please do not contact them now (wait until August 1) about enrolling more cards or enrolling your AmEx. They're busy dealing with the Barclays thing, and anticipate August 1 to be working on items 2 and 3 above, you can contact them them. Just wanted to give you all a heads up. :)
Here's the AmEx commission schedule:Spoiler: show
Age of the card is irrelevant for Amex.
I noticed my payment for July pending in my checking account today from the old company, however it does not include any money from the Barclay's cards that didn't post. Was there an email that came out that said they were going to pay 50% for these? I can't seem to find it. Anyone else have this happen?
I don't see a pending payment yet. I was affected by one June Barclays AU not posting. Tradeline master shows no commission to be paid.
Since it's a one off situation, they may have to do a manual process somehow. It's conceivable to me that it could be a separate payment that is slightly delayed.
Thanks for the heads up; I'll also plan to follow @ARS's suggestion and will check with old company if the half payment doesn't show up after a week or two.
I got paid today for the exact amount I expected, including the 50% payment for the Barclays non-posting AU.
Is there anything showing under commission for your Barclay cards in TradelineMaster? I have one added 6/1 and the other 6/11 and nothing is showing in the commission column for either one and as far as I can tell, they didn't pay me.
For Amex cards, it’s still a bit of a trial as we go since it’s a new lender for us. A few things to keep in mind/share with other cardholders. We can only do Amex branded cards for now, example - Amex Blue Cash, Everyday, Delta. We can’t use any charge cards, Green, Gold, Platinum, and Centurion Amex cards do not qualify. (Charge cards only report the balance on the card). When cardholders send their card information, it'll be extra important that we have the card type. I'll be extremely busy this week so enrolling new cards will be a slow process, but I'll get to them all as I can.
As a side note, we'll also start taking Huntington Bank cards. This is also a new lender for us. It's easy to add (online), and they're absolutely fantastic at posting. However it seems like a pretty rare card. If anyone has this card we'll enroll it regardless of limit/age or time of year. Let me know if you have any questions.
That's insane. WTF is going on in that AU's life that they could forget about doing this in such a short time frame? Even if you forgot, how do you not put 2 and 2 together and figure it out once you see that on your credit history? Did they go into this with zero understanding of how the process works? My mind is boggling.
Questions for moving forward:
1. Will that account closure raise alert to other lenders that I'm participating in tradelines? Do I need to lay low for a while?
2. How do I check and pay any open balances on the closed card, so that I'm not docked for late payments?
3. Anyone know if this will hurt my credit? I don't believe it will outside of overall utilization limit plus the credit history removal after 7 years.
I couldn't figure out how to add a new card on their investor portal online, so perhaps we have to contact them another way about the new cards? What is your best advice for mode of contact.
Can we email them now or wait for the official e-newsletter?
Questions for moving forward:
1. Will that account closure raise alert to other lenders that I'm participating in tradelines? Do I need to lay low for a while?
2. How do I check and pay any open balances on the closed card, so that I'm not docked for late payments?
3. Anyone know if this will hurt my credit? I don't believe it will outside of overall utilization limit plus the credit history removal after 7 years.
I've added dozens of AUs and had a similar situation only once. So I agree that it's rare.
Answers:
1. No, and only if you want to, respectively.
2. Contact the credit card company. I think you can just pay the outstanding balance on your next regular payment date.
3. No, other than your available credit will drop and your average account age might change.
Also, FWIW, I don't use TL cards for regular spending in order to avoid the above happening to me. However, this does raise the risk that a credit analyst looking at my account would more easily see that I'm piggybacking. My approach is to try to behave in such a way that credit analysts never have occasion to look at my accounts.
And of course, ARS's comments at the beginning of this thread still are true: don't piggyback on any card you're not OK with it getting shut down.
And @frugalnacho, these TL customers are not the brightest bulbs in the box and/or don't have the best memories / organizational skills.
Making this a separate post, as I think it deserves its own post.
OldCompany is opening enrollment for all cards.
They accept: American Express, Barclays, Capital One, Chase, Citibank, Discover, Elan/Fidelity, Huntington Bank, NFCU, PNC, Synch Bank (Care Credit), TD Bank, and US Bank cards.
Questions for moving forward:
1. Will that account closure raise alert to other lenders that I'm participating in tradelines? Do I need to lay low for a while?
2. How do I check and pay any open balances on the closed card, so that I'm not docked for late payments?
3. Anyone know if this will hurt my credit? I don't believe it will outside of overall utilization limit plus the credit history removal after 7 years.
I've added dozens of AUs and had a similar situation only once. So I agree that it's rare.
Answers:
1. No, and only if you want to, respectively.
2. Contact the credit card company. I think you can just pay the outstanding balance on your next regular payment date.
3. No, other than your available credit will drop and your average account age might change.
Also, FWIW, I don't use TL cards for regular spending in order to avoid the above happening to me. However, this does raise the risk that a credit analyst looking at my account would more easily see that I'm piggybacking. My approach is to try to behave in such a way that credit analysts never have occasion to look at my accounts.
And of course, ARS's comments at the beginning of this thread still are true: don't piggyback on any card you're not OK with it getting shut down.
And @frugalnacho, these TL customers are not the brightest bulbs in the box and/or don't have the best memories / organizational skills.
Questions for moving forward:
1. Will that account closure raise alert to other lenders that I'm participating in tradelines? Do I need to lay low for a while?
2. How do I check and pay any open balances on the closed card, so that I'm not docked for late payments?
3. Anyone know if this will hurt my credit? I don't believe it will outside of overall utilization limit plus the credit history removal after 7 years.
I've added dozens of AUs and had a similar situation only once. So I agree that it's rare.
Answers:
1. No, and only if you want to, respectively.
2. Contact the credit card company. I think you can just pay the outstanding balance on your next regular payment date.
3. No, other than your available credit will drop and your average account age might change.
Also, FWIW, I don't use TL cards for regular spending in order to avoid the above happening to me. However, this does raise the risk that a credit analyst looking at my account would more easily see that I'm piggybacking. My approach is to try to behave in such a way that credit analysts never have occasion to look at my accounts.
And of course, ARS's comments at the beginning of this thread still are true: don't piggyback on any card you're not OK with it getting shut down.
And @frugalnacho, these TL customers are not the brightest bulbs in the box and/or don't have the best memories / organizational skills.
Many thanks for your reply and answers. It turns out that I only used this card for 1-2 purchases a month. It carried a very low balance. Is it better to just hook it up to a subscription or something? Or is that suspicious?
Making this a separate post, as I think it deserves its own post.
OldCompany is opening enrollment for all cards.
They accept: American Express, Barclays, Capital One, Chase, Citibank, Discover, Elan/Fidelity, Huntington Bank, NFCU, PNC, Synch Bank (Care Credit), TD Bank, and US Bank cards.
Does anyone know if the Rooms to Go credit card works? It is mysynchrony.com which seems to be the same parent company as care credit.
Looks like it is only care credit from the email they sent out this week. (Also, listed above from ARS but I missed it originally).
Looks like it is only care credit from the email they sent out this week. (Also, listed above from ARS but I missed it originally).
For those who have care credit, what's the deal with this card? Can you only use it for healthcare expenses and nothing else? It's not 100% clear from reading their website.
Another question: when you got the card, did they give you a high credit line compared to other issuers?
Dear Chase OnlineSM Customer:
We're writing to let you know that your account locked
To see a detailed notice about this situation, please log on to www.Chase.com and go to the Account Activity page or the Account Notices page for this account.
If you aren't enrolled to receive Paperless Statements and Notices or you think you've received this message in error, please call our Customer Support team immediately. To find the appropriate phone number for your account type, go to the Customer Center on Chase Online click the "Contact us" link.
Please don't reply directly to this automatically-generated e-mail message.
Sincerely,
Online Banking Team
Looks like it is only care credit from the email they sent out this week. (Also, listed above from ARS but I missed it originally).
For those who have care credit, what's the deal with this card? Can you only use it for healthcare expenses and nothing else? It's not 100% clear from reading their website.
Another question: when you got the card, did they give you a high credit line compared to other issuers?
When my wife got lasik surgery they were running a 0% APR financing, which turns out to just be the care credit card. Surgery was a little over $4k and I think they put the limit slightly over that at like $5k. We set up autopayments to complete at the end of the promo period, and never used the card for anything else. When I found out the old company accepted the care credit card I requested a credit limit increase to $16k to get into the next payment tier and was instantly approved, despite never using the card outside of the original financing like 3 years ago. Since we never used it I can't comment on how it's actually used (I actually posted the same question a week ago or so). I'm pretty sure when we originally got the account and they sent us a physical card we decided we were never going to use it, so just shredded it immediately. Now that we are going to sell TL on it I've requested they send me another physical copy of the card, but it hasn't arrived yet. When it does I'm going to try and see where/what I can charge on it and will report back in this thread.
Looks like it is only care credit from the email they sent out this week. (Also, listed above from ARS but I missed it originally).
For those who have care credit, what's the deal with this card? Can you only use it for healthcare expenses and nothing else? It's not 100% clear from reading their website.
Another question: when you got the card, did they give you a high credit line compared to other issuers?
When my wife got lasik surgery they were running a 0% APR financing, which turns out to just be the care credit card. Surgery was a little over $4k and I think they put the limit slightly over that at like $5k. We set up autopayments to complete at the end of the promo period, and never used the card for anything else. When I found out the old company accepted the care credit card I requested a credit limit increase to $16k to get into the next payment tier and was instantly approved, despite never using the card outside of the original financing like 3 years ago. Since we never used it I can't comment on how it's actually used (I actually posted the same question a week ago or so). I'm pretty sure when we originally got the account and they sent us a physical card we decided we were never going to use it, so just shredded it immediately. Now that we are going to sell TL on it I've requested they send me another physical copy of the card, but it hasn't arrived yet. When it does I'm going to try and see where/what I can charge on it and will report back in this thread.
My original card (the closed one) had a CL of +20k (don't remember exactly and don't really want to waste time on that). I think this is their max. I have other cards with similar CL, so I guess the same as others. My new card that I got absolutely right away (which is very nice of them) has only $5.5K CL, and I still mature it, so don't really care about the CL as of right now, plus I don't use it now (even for vet bills).
Usage: my old card was used heavily for vet appointments, pets emergency rooms and such, you can put (don't quote me - vet's offices would tell you better) >$200 on 6m financing. They have 9 and 12m financing for more expensive purchases (when you have financing on you card, it's a balance that counts for TL purposes as long as it's less than 10% of your CL). When I didn't have any financing on the card, I was able to use the card at Walmart for purchasing beauty products which actually included soap and shampoo, vitamins and such. I'm pretty sure there is a list of all those things on their website (I didn't try to find the list bc I thought by the time I get the link or a pic here, someone would have posted it already).
What I usually do with my cards used for TLs only: I find one-two days a months when I can use all of them to post (they close on different dates and I like to keep it that way). So, for example on the 23rd each month I personally go to Walmart and buy bread or something that we always need and then pay with a different card for each bread (as long as the purchase is >$2 so it's not "forgiven"). And with care credit I pay for soap or vitamins. It does look weird, but I use self service and as long as I don't steal, I don't think anybody minds.
I'm pretty sure you can use Care credit in dental office (not all, just ask), some private clinics. They extend the list every year.
Looks like it is only care credit from the email they sent out this week. (Also, listed above from ARS but I missed it originally).
For those who have care credit, what's the deal with this card? Can you only use it for healthcare expenses and nothing else? It's not 100% clear from reading their website.
Another question: when you got the card, did they give you a high credit line compared to other issuers?
When my wife got lasik surgery they were running a 0% APR financing, which turns out to just be the care credit card. Surgery was a little over $4k and I think they put the limit slightly over that at like $5k. We set up autopayments to complete at the end of the promo period, and never used the card for anything else. When I found out the old company accepted the care credit card I requested a credit limit increase to $16k to get into the next payment tier and was instantly approved, despite never using the card outside of the original financing like 3 years ago. Since we never used it I can't comment on how it's actually used (I actually posted the same question a week ago or so). I'm pretty sure when we originally got the account and they sent us a physical card we decided we were never going to use it, so just shredded it immediately. Now that we are going to sell TL on it I've requested they send me another physical copy of the card, but it hasn't arrived yet. When it does I'm going to try and see where/what I can charge on it and will report back in this thread.
My original card (the closed one) had a CL of +20k (don't remember exactly and don't really want to waste time on that). I think this is their max. I have other cards with similar CL, so I guess the same as others. My new card that I got absolutely right away (which is very nice of them) has only $5.5K CL, and I still mature it, so don't really care about the CL as of right now, plus I don't use it now (even for vet bills).
Usage: my old card was used heavily for vet appointments, pets emergency rooms and such, you can put (don't quote me - vet's offices would tell you better) >$200 on 6m financing. They have 9 and 12m financing for more expensive purchases (when you have financing on you card, it's a balance that counts for TL purposes as long as it's less than 10% of your CL). When I didn't have any financing on the card, I was able to use the card at Walmart for purchasing beauty products which actually included soap and shampoo, vitamins and such. I'm pretty sure there is a list of all those things on their website (I didn't try to find the list bc I thought by the time I get the link or a pic here, someone would have posted it already).
What I usually do with my cards used for TLs only: I find one-two days a months when I can use all of them to post (they close on different dates and I like to keep it that way). So, for example on the 23rd each month I personally go to Walmart and buy bread or something that we always need and then pay with a different card for each bread (as long as the purchase is >$2 so it's not "forgiven"). And with care credit I pay for soap or vitamins. It does look weird, but I use self service and as long as I don't steal, I don't think anybody minds.
I'm pretty sure you can use Care credit in dental office (not all, just ask), some private clinics. They extend the list every year.
I don't use vet or dr services frequently enough to ensure I get a charge on every cycle.
I've read on their website how it can be used at certain vendors for OTC medicine and health/beauty stuff, but I don't understand the mechanism. How do they differentiate between aspirin and soda when I'm at the register? I know CVS can differentiate between them, but when the card is scanned how does synchrony know what exactly is being purchased?
I don't use vet or dr services frequently enough to ensure I get a charge on every cycle.
I don't use vet or dr services frequently enough to ensure I get a charge on every cycle.
I don't think I have explained that part clear enough. You go one time to a dr, like for a colonoscopy (I know, you are not at the age yet), or whatever guys do these days. Well, you go to a dentist at lease once a year, correct? if you have cavities and stuff, and once a year x-ray. If your bill is $300, you put it on care credit 6 months financing and you pay it off over 6m (it's zero interest), and this balance counts for TL purposes, you don't need to make any other purchases on the card. As long as your purchase is less than 10% of you CL and your dentist accepts care credit - you are set for 6m till the next dental appointment.
What I'm trying to say is that you only go once or twice to a dr/year, once if your bill is high enough to be put on a 12m zero interest financing. And don't pay it off until the end of your financing period.
I don't know for Amex--maybe someone can report once they have an Amex card sent to them?
Some issuers put it in your name, some in the AUs name. If your mail person doesn't deliver it, it's not a big deal.
For AmEx, the card is mailed in the user's name, not yours. It is important that you receive and activate the card though, because if you don't activate the card it may not report.
Side note, I constantly get cards and junk mail in the name of authorized users - probably more than what I receive in my name. One time, the postmaster wrote ??? on an envelope - I'm sure they were wondering! But yeah, I really don't worry about what they think.
I've gotten Amex AU cards addressed to their name
and I wouldn't worry, mailmen have to constantly look away from much much shadier stuff than potential credit piggybacking
Does it really need to be activated for amex? I've never activated any other AU cards and they report fine, but I've never added an AU to amex.
How many spots are you all doing on amex's? I didn't specify and it looks like they set to 1 which seems lows. I am thinking 2 or 3 to start.
How many spots are you all doing on amex's? I didn't specify and it looks like they set to 1 which seems lows. I am thinking 2 or 3 to start.
From my registration email:
"I've got your card added to the system! With Amex we'll start with one spot. After we see it post on the credit report we can add another spot. We haven't nailed down how many AUs you can have at once and their website doesn't provide much information about that. Until we confirm their AU limit (and risk) we'll keep them around 2-3 spots."
Is the old company taking Barclays? I have heard mixed news about Barclays reporting in July and August.
About Barclays misreporting: how does credit bureau reporting by banks generally work? Are they supposed to report to all the bureaus? What happens if they stop reporting to one of them or more? Do they stop getting credit report data from that bureau too? If they can choose which bureaus to report their data to, what's stopping all of them from just dropping one bureau and getting making tradeline reporting useless?
Hey,
I finally got my first sale on the old company. It was a Chase Explorer and when I added it I saw a warning that there is a $75 fee to add an AU to the Chase Sapphire Reserve. I had never heard of this before so I thought you all should know (of course I haven't read the whole thread yet, still working on it, so this could have been mentioned).
Also, a quick question, I am still a newbie and I am opening cards to use in the future, when trying to decide which cards to open it seems that the most relevant factor is how many AU can be added and it seems that the best option in this regard is the Barclays cards, where you can add 5 AU per cycle, is this correct? Seems like Barclays is the most lenient of issuers.
Your input will be appreciated.
Finally, a thought popped in my head last night: if a card gives you 5 AU*6 sales per year*$200 = $6,000 yearly. At the 4% FIRE estimation the card is worth $150,000. I am starting to have a lot of respect for my little plastics (and metals). And once you have 7 cards you are a "tradelines millionaire"?
Thanks
Hey,
I finally got my first sale on the old company. It was a Chase Explorer and when I added it I saw a warning that there is a $75 fee to add an AU to the Chase Sapphire Reserve. I had never heard of this before so I thought you all should know (of course I haven't read the whole thread yet, still working on it, so this could have been mentioned).
Also, a quick question, I am still a newbie and I am opening cards to use in the future, when trying to decide which cards to open it seems that the most relevant factor is how many AU can be added and it seems that the best option in this regard is the Barclays cards, where you can add 5 AU per cycle, is this correct? Seems like Barclays is the most lenient of issuers.
Your input will be appreciated.
Finally, a thought popped in my head last night: if a card gives you 5 AU*6 sales per year*$200 = $6,000 yearly. At the 4% FIRE estimation the card is worth $150,000. I am starting to have a lot of respect for my little plastics (and metals). And once you have 7 cards you are a "tradelines millionaire"?
Thanks
@kindoflost you are getting good replies to your questions, and I like your zeal for the upsides!
Here is something you aren't thinking about: some issuers cap the total lifetime number of AU you can put on a card. This is something that Barclays does. Once you reach that max, then that card is toast from a TL perspective. So, a good tradeline card is not an infinite well of money . . . it's more of a "well, that was nice while it lasted!" side income situation.
^Warning: save the last four of the client's SS#, because Amex now has a sticker on the card that comes in the mail that they will cancel the card if you don't activate it and put in the last four digits of the SS# during activation. Old company has advised me to both save that info and to activate and hang onto cards now for at least the first month cycle to make sure everything goes through ok.
Edited to add: Congrats, Frugalnacho!
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
Well fuck, I already added them and cleared the notification from the portal. I was not aware I needed to save that info.
Do you need both the AU card and the last 4 digits to activate it? Or do you just need access to your online account and 4 digits, without the AU card?
Is activating the card actually needed? I haven’t used old company yet, but I have never activated any card with 2 other tradeline companies, even with Amex, and have never had any problems posting.
Is activating the card actually needed? I haven’t used old company yet, but I have never activated any card with 2 other tradeline companies, even with Amex, and have never had any problems posting.
Old company wrote in their 8/11/2021 email:
"Important! We have reports of Amex canceling cards if you do not active them for the authorized user after 30 days. Please activate your AU cards once you receive them."
You do you. It's an extra 2 minutes for me to activate them and worth it to me to reduce the risk of non-posting.
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
I got this with Amex also and did the same as you (just closed out and didn't create the new user ID). AU's are all showing up on my online portal . . . even the one that I trashed before I realized I needed to activate the card with the SS#. I mean it's right there on the sticker on the card, but I don't look closely at those anymore. I've just been shredding cards. I guess we'll see if they post?
case.
For US Bank, is it possible to add an AU online or is it over the phone only? I can't find that option on their website.
For US Bank, is it possible to add an AU online or is it over the phone only? I can't find that option on their website.
Phone only per Old Company "Adding Authorized Users 2019" document.
Have successfully added seven AUs to US Bank in the past year.
All online.
I was able to remove them online, as well. It just took an email to customer service.
As always, YMMV.
I see from an email sent by the new company that their policy is to pay 10 weeks after the "reporting date" of a sale. However, I can't find mention of what the reporting date refers to. Anyone know?
Also, curious if people use direct deposit with the new company? On the one hand, I'm sure there'd be no issue, but on the other I'm a little reluctant because they seem, well, slimy.
I opened a separate bank account for tradeline sales. Mostly because my primary bank is Chase and I have some Chase credit cards enrolled for tradeline sales and I didn't want anyone at Chase noticing the name of the company depositing into my account if they become aware of the transfer companies. Just an added layer of security. And it's nice to see tradeline income building up all in one account separate from my normal day-in day-out money.
I opened a separate bank account for tradeline sales. Mostly because my primary bank is Chase and I have some Chase credit cards enrolled for tradeline sales and I didn't want anyone at Chase noticing the name of the company depositing into my account if they become aware of the transfer companies. Just an added layer of security. And it's nice to see tradeline income building up all in one account separate from my normal day-in day-out money.
I also keep it separate from my primary checking account.
I think I did it at first because the whole thing seemed sketchy :) Been a few years so I forget now...
So.... anyone know what's up with barclays?? :) I have one pending from a previous sale but the rest are on hold, like everyone else. Curious minds want to know... I accept theories and speculation.
I opened a separate bank account for tradeline sales. Mostly because my primary bank is Chase and I have some Chase credit cards enrolled for tradeline sales and I didn't want anyone at Chase noticing the name of the company depositing into my account if they become aware of the transfer companies. Just an added layer of security. And it's nice to see tradeline income building up all in one account separate from my normal day-in day-out money.
I also keep it separate from my primary checking account.
I think I did it at first because the whole thing seemed sketchy :) Been a few years so I forget now...
So.... anyone know what's up with barclays?? :) I have one pending from a previous sale but the rest are on hold, like everyone else. Curious minds want to know... I accept theories and speculation.
They stopped reporting. Tentative testing is occurring to see is it is an ongoing problem or glitch. Cards paused until it's figured out.
hey guys, after finally waiting a year I finally got signed on the sell Tradeslines, yay!
I am ading my first authorized user to my Chase Freedom card online and I'm greeted with the following:
Share the convenience of your account with others. When you give others access to your account, each user will receive his or her own personal card and can enjoy full access to that account. To add a new user, tell us the information below and choose "Add authorized user."
When you add authorized users, keep in mind:
You're responsible to repay all balances on this account (authorized users can still charge to the account, but they aren't financially responsible).
For the authorized user, we'll report this account as an authorized user's account to credit reporting agencies, which can affect his or her credit score.
We'll send all correspondence (including credit cards, statements and notifications) to the primary account holder's address.
For Chase Sapphire Reserve® and J.P. Morgan Reserve®, there's a $75 annual fee for each additional authorized user card.
I'm worried about the verbage " each user will receive his or her own personal card and can enjoy full access" It does say it will send all correspondence to primary card holders address.
Before I submit, I just want to confirm that the credit card will not be sent to them.
Can anyone verify to set my mind at ease.
Thanks!
sorry one more question. When adding online I don't see a field for the AU social security #. I know from reading the documentation it stated explicitly that the SSN needs to be added or it won;t post correctly. Do I need to call Chase instead of adding online?
Thanks again!
I see from an email sent by the new company that their policy is to pay 10 weeks after the "reporting date" of a sale. However, I can't find mention of what the reporting date refers to. Anyone know?
Also, curious if people use direct deposit with the new company? On the one hand, I'm sure there'd be no issue, but on the other I'm a little reluctant because they seem, well, slimy.
Their payments are super frustrating. It's often way late, have to be followed up by email etc. By far the worst part of their company, and frankly I recommend anyone switch their cards that are eligible to Old Company. That being said, it is better to use a good company that pays slow than one that isn't a good company or vets AUs right, etc., so I do still use them, but just very frustrated. :)
I do use direct deposit. I don't think they're slimy, personally, just really stretched thin and not on top of all aspects of business and organization in the way they should.
I opened a separate bank account for tradeline sales. Mostly because my primary bank is Chase and I have some Chase credit cards enrolled for tradeline sales and I didn't want anyone at Chase noticing the name of the company depositing into my account if they become aware of the transfer companies. Just an added layer of security. And it's nice to see tradeline income building up all in one account separate from my normal day-in day-out money.
I recently received news that my credit union will now allow AUs on my CC. Is it just a matter of asking the TL company if they take cards from my particular credit union, or do I need to do detective work on what kind of card I have to see if it qualifies? If the latter, how would one go about that?
I recently received news that my credit union will now allow AUs on my CC. Is it just a matter of asking the TL company if they take cards from my particular credit union, or do I need to do detective work on what kind of card I have to see if it qualifies? If the latter, how would one go about that?
The TL companies provide a list of issuers that they work with. If your CU is on that issuer list, then sign it up. If not, it's highly doubtful they will.
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
I got this with Amex also and did the same as you (just closed out and didn't create the new user ID). AU's are all showing up on my online portal . . . even the one that I trashed before I realized I needed to activate the card with the SS#. I mean it's right there on the sticker on the card, but I don't look closely at those anymore. I've just been shredding cards. I guess we'll see if they post?
case.
So are we just getting a different interface than everyone else? People keep posting here to make sure you have the SS# to activate the card, and I do have them, but there is no opportunity to enter them anywhere. I enter the card number and the card security code, and i get prompted to create a new account.
I guess I did enter the full SSN when I was adding them in the first place, but thats it. I might just call amex to figure out how in the world to confirm/activate these cards.
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
I got this with Amex also and did the same as you (just closed out and didn't create the new user ID). AU's are all showing up on my online portal . . . even the one that I trashed before I realized I needed to activate the card with the SS#. I mean it's right there on the sticker on the card, but I don't look closely at those anymore. I've just been shredding cards. I guess we'll see if they post?
case.
So are we just getting a different interface than everyone else? People keep posting here to make sure you have the SS# to activate the card, and I do have them, but there is no opportunity to enter them anywhere. I enter the card number and the card security code, and i get prompted to create a new account.
I guess I did enter the full SSN when I was adding them in the first place, but thats it. I might just call amex to figure out how in the world to confirm/activate these cards.
I'm encountering the same thing. I have an AU for my delta skymiles amex, and when I go to americanexpress.com/confirmcard and enter the card number and 4 digit ID I am prompted to create an online account. I did step 1 of 3 and created a unique account id and pw using the AU name. After that I am given the message "Your new Card has been successfully confirmed and is now ready to use. You have also successfully registered for an Online Account." even though steps 2 and 3 didn't get completed, so I stopped there. I did not need the AU SSN, just my own birthday to confirm.
Anyways, thanks Joe for getting this whole thing started here. It's made lots of us lots of spare money without driving drunk people around town in our cars.
I opened a separate bank account for tradeline sales. Mostly because my primary bank is Chase and I have some Chase credit cards enrolled for tradeline sales and I didn't want anyone at Chase noticing the name of the company depositing into my account if they become aware of the transfer companies. Just an added layer of security. And it's nice to see tradeline income building up all in one account separate from my normal day-in day-out money.
I also keep it separate from my primary checking account.
I think I did it at first because the whole thing seemed sketchy :) Been a few years so I forget now...
So.... anyone know what's up with barclays?? :) I have one pending from a previous sale but the rest are on hold, like everyone else. Curious minds want to know... I accept theories and speculation.
They stopped reporting. Tentative testing is occurring to see is it is an ongoing problem or glitch. Cards paused until it's figured out.
Thanks ARS! I appreciate the update.
Hey guys,
I have a question regarding AMEX. I'm thinking of signing on my 30k Amex card.
In the case it gets shutdown, does AMEX totally drop you like chase?
Reason I ask is I have a Corporate AMEX card I use for travel, and I wouldn't want that shut down.
I opened a separate bank account for tradeline sales. Mostly because my primary bank is Chase and I have some Chase credit cards enrolled for tradeline sales and I didn't want anyone at Chase noticing the name of the company depositing into my account if they become aware of the transfer companies. Just an added layer of security. And it's nice to see tradeline income building up all in one account separate from my normal day-in day-out money.
I also keep it separate from my primary checking account.
I think I did it at first because the whole thing seemed sketchy :) Been a few years so I forget now...
So.... anyone know what's up with barclays?? :) I have one pending from a previous sale but the rest are on hold, like everyone else. Curious minds want to know... I accept theories and speculation.
They stopped reporting. Tentative testing is occurring to see is it is an ongoing problem or glitch. Cards paused until it's figured out.
re: AMEX
just a heads up, when you go to remove the AU from your AMEX card either by phone or by chat, just be prepared for the question "What is the reason for removing the AU?"
I had to remove 4 of them to prepare for this new offer with the old company... and AMEX asked me that Q on 3 out of the 4.
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
I got this with Amex also and did the same as you (just closed out and didn't create the new user ID). AU's are all showing up on my online portal . . . even the one that I trashed before I realized I needed to activate the card with the SS#. I mean it's right there on the sticker on the card, but I don't look closely at those anymore. I've just been shredding cards. I guess we'll see if they post?
case.
So are we just getting a different interface than everyone else? People keep posting here to make sure you have the SS# to activate the card, and I do have them, but there is no opportunity to enter them anywhere. I enter the card number and the card security code, and i get prompted to create a new account.
I guess I did enter the full SSN when I was adding them in the first place, but thats it. I might just call amex to figure out how in the world to confirm/activate these cards.
I'm encountering the same thing. I have an AU for my delta skymiles amex, and when I go to americanexpress.com/confirmcard and enter the card number and 4 digit ID I am prompted to create an online account. I did step 1 of 3 and created a unique account id and pw using the AU name. After that I am given the message "Your new Card has been successfully confirmed and is now ready to use. You have also successfully registered for an Online Account." even though steps 2 and 3 didn't get completed, so I stopped there. I did not need the AU SSN, just my own birthday to confirm.
Same with my last add as well - it appears that AmEx likes to mix it up, because I know I had to enter the last 4 of the AU SS# in the past. This is much easier.
I opened a separate bank account for tradeline sales. Mostly because my primary bank is Chase and I have some Chase credit cards enrolled for tradeline sales and I didn't want anyone at Chase noticing the name of the company depositing into my account if they become aware of the transfer companies. Just an added layer of security. And it's nice to see tradeline income building up all in one account separate from my normal day-in day-out money.
I also keep it separate from my primary checking account.
I think I did it at first because the whole thing seemed sketchy :) Been a few years so I forget now...
So.... anyone know what's up with barclays?? :) I have one pending from a previous sale but the rest are on hold, like everyone else. Curious minds want to know... I accept theories and speculation.
They stopped reporting. Tentative testing is occurring to see is it is an ongoing problem or glitch. Cards paused until it's figured out.
All of my Barclay Cards are now posting.
I think I am done with selling tradelines. I live in a large condo building and my neighbor just let me know about lawsuit paperwork posted on our entry door in someone else’s name, but with my address on it! How embarrassing! I grabbed the paperwork and called the collector who is suing the AU and told them that person does not live at my address.
I don’t want to deal with this ever again!
I think I am done with selling tradelines. I live in a large condo building and my neighbor just let me know about lawsuit paperwork posted on our entry door in someone else’s name, but with my address on it! How embarrassing! I grabbed the paperwork and called the collector who is suing the AU and told them that person does not live at my address.
I don’t want to deal with this ever again!
That sucks. I wonder if using a personal mailbox for tradelines and all tradeline-related cards would prevent things like that from happening?
I read on here that others do this and I’ve been thinking about it. But I wonder if I used the UPS store mailbox in this case if they would simply post the lawsuit paperwork on the UPS Store door?
I read on here that others do this and I’ve been thinking about it. But I wonder if I used the UPS store mailbox in this case if they would simply post the lawsuit paperwork on the UPS Store door?
Not sure but the paperwork doesn't have your name on it, what's the difference?
I think I am done with selling tradelines. I live in a large condo building and my neighbor just let me know about lawsuit paperwork posted on our entry door in someone else’s name, but with my address on it! How embarrassing! I grabbed the paperwork and called the collector who is suing the AU and told them that person does not live at my address.
I don’t want to deal with this ever again!
I think I am done with selling tradelines. I live in a large condo building and my neighbor just let me know about lawsuit paperwork posted on our entry door in someone else’s name, but with my address on it! How embarrassing! I grabbed the paperwork and called the collector who is suing the AU and told them that person does not live at my address.
I don’t want to deal with this ever again!
This is pretty par for the course with tradelines. Off the top of my head, I get various cell phone calls for Eric Smith. I simply tell the that there's nobody with that name at this number. Sometimes they ask "Do you know Eric Smith?" and I honestly respond no.
Recently, I've been getting stuff from the Sheriff of the next county. First an unstamped envelope in my mailbox and then a stamped one. If this is how they process serve, it's pretty bush league. What....you can't drive up my driveway and knock on the door? Anyways, I cross out the address and write "Return to sender addressee unknown" and drop it into a mailbox at the post office.
Also get credit card offers from Cap One, Chase and others to previous AUs.
All of these are easily dropped into my papers recycling bag.
But if this kind of stuff bothers you, then it's probably not for you.
I was approved a few weeks ago after being in the waitlist for months -- provided all the requested info and can see my 4 cards on the portal, however I haven't received a single alert/offer since then. Is this normal? I assumed I'd have at least a couple by now, what with having a total of 8 slots available. I'm wondering how long it generally takes to get going on this once you're activated.
I was approved a few weeks ago after being in the waitlist for months -- provided all the requested info and can see my 4 cards on the portal, however I haven't received a single alert/offer since then. Is this normal? I assumed I'd have at least a couple by now, what with having a total of 8 slots available. I'm wondering how long it generally takes to get going on this once you're activated.
I have a question about addresses. If credit card companies/sheriffs/etc think that your address is associated with an AU, couldn't an AU look at their own credit report and see your address on it? (Since credit reports include addresses associated with your credit history.) And thus the AU would have a good idea of who was sponsoring their AU?Not the same thing, but here's a story that helps me put it in perspective.
I have a question about addresses. If credit card companies/sheriffs/etc think that your address is associated with an AU, couldn't an AU look at their own credit report and see your address on it? (Since credit reports include addresses associated with your credit history.) And thus the AU would have a good idea of who was sponsoring their AU?Not the same thing, but here's a story that helps me put it in perspective.
On the "NextDoor" app there was a big discussion of whether or not you should use a sharpie to mark out your address on cardboard boxes you put in recycling.
Many people were alarmed that someone could get your name and address off the box. Some people replied that your name and address are readily available multiple ways.
*Someone can look in your mailbox and see it on an envelope.
*Property tax websites often show the owners name for a property address.
*Political parties have sites to show donors' names and addresses.
*Whitepages.com is like the old telephone directories.
(We used to have telephone books where we had almost EVERYONE'S name and address. A few people would pay extra to have unlisted number but 90% didn't.)
*there are school directories, club directories, etc.
*people still pay for things with checks which typically have their name and address AND checking account number on the front. Sometimes also the phone number.
What exactly would the AU do with the knowledge? It's not enough to use to get the credit card company to send them a card.
After reading lots of NextDoor posts about packages from the porch, I have NEVER heard of the thieves finding a way to use the name and address. They take the package to get the contents. The info on the package is useless.
Lots to read here, so I only skimmed and know there have been some problems with getting paid by new company. I seriously have emailed the responsible person for payment 3 times with no response (4th time today). Two of the times I was forwarded to him from the woman who alerts us to adding/removing users because she is the only one that responds. I've been emailing weekly for the past month.
Looks like it is only care credit from the email they sent out this week. (Also, listed above from ARS but I missed it originally).
For those who have care credit, what's the deal with this card? Can you only use it for healthcare expenses and nothing else? It's not 100% clear from reading their website.
Another question: when you got the card, did they give you a high credit line compared to other issuers?
When my wife got lasik surgery they were running a 0% APR financing, which turns out to just be the care credit card. Surgery was a little over $4k and I think they put the limit slightly over that at like $5k. We set up autopayments to complete at the end of the promo period, and never used the card for anything else. When I found out the old company accepted the care credit card I requested a credit limit increase to $16k to get into the next payment tier and was instantly approved, despite never using the card outside of the original financing like 3 years ago. Since we never used it I can't comment on how it's actually used (I actually posted the same question a week ago or so). I'm pretty sure when we originally got the account and they sent us a physical card we decided we were never going to use it, so just shredded it immediately. Now that we are going to sell TL on it I've requested they send me another physical copy of the card, but it hasn't arrived yet. When it does I'm going to try and see where/what I can charge on it and will report back in this thread.
My original card (the closed one) had a CL of +20k (don't remember exactly and don't really want to waste time on that). I think this is their max. I have other cards with similar CL, so I guess the same as others. My new card that I got absolutely right away (which is very nice of them) has only $5.5K CL, and I still mature it, so don't really care about the CL as of right now, plus I don't use it now (even for vet bills).
Usage: my old card was used heavily for vet appointments, pets emergency rooms and such, you can put (don't quote me - vet's offices would tell you better) >$200 on 6m financing. They have 9 and 12m financing for more expensive purchases (when you have financing on you card, it's a balance that counts for TL purposes as long as it's less than 10% of your CL). When I didn't have any financing on the card, I was able to use the card at Walmart for purchasing beauty products which actually included soap and shampoo, vitamins and such. I'm pretty sure there is a list of all those things on their website (I didn't try to find the list bc I thought by the time I get the link or a pic here, someone would have posted it already).
What I usually do with my cards used for TLs only: I find one-two days a months when I can use all of them to post (they close on different dates and I like to keep it that way). So, for example on the 23rd each month I personally go to Walmart and buy bread or something that we always need and then pay with a different card for each bread (as long as the purchase is >$2 so it's not "forgiven"). And with care credit I pay for soap or vitamins. It does look weird, but I use self service and as long as I don't steal, I don't think anybody minds.
I'm pretty sure you can use Care credit in dental office (not all, just ask), some private clinics. They extend the list every year.
I don't use vet or dr services frequently enough to ensure I get a charge on every cycle.
I've read on their website how it can be used at certain vendors for OTC medicine and health/beauty stuff, but I don't understand the mechanism. How do they differentiate between aspirin and soda when I'm at the register? I know CVS can differentiate between them, but when the card is scanned how does synchrony know what exactly is being purchased?
They have closed the new enrollments. I got their info from ARS last week and emailed them.
I have one card with the new company and it took forever to get my first sale. Something like almost two years, I think. Nothing for almost another two years. I got the card limit increased earlier this year from 12k to 14k and had two sales before the month was over. Another two this month as well.
Citi emailed me about a replacement card that was ordered for the AU i had added a couple of months ago. I didn't order any replacement cards so not sure what's going on. Just in case I logged on and locked all my cards with Citi.Was the original card delivered to you or did the PO return it? I've had companies tell me they were resending since the first card was returned. All should be to your address.
Does anyone know if there is any way an AU can order a replacement card to be delivered to their address?
Citi emailed me about a replacement card that was ordered for the AU i had added a couple of months ago. I didn't order any replacement cards so not sure what's going on. Just in case I logged on and locked all my cards with Citi.Was the original card delivered to you or did the PO return it? I've had companies tell me they were resending since the first card was returned. All should be to your address.
Does anyone know if there is any way an AU can order a replacement card to be delivered to their address?
Per the contract with the companies, the AU are not supposed to contact them about the AU accounts. I've had 3 that did anyway.
Anyone have an order cancelled after adding the AU? Added one to my discover card yesterday, but today got an email that the order was cancelled. Kind of shitty because it's already done, they are added and the card is on the way. The AU was also marked as added in the portal yesterday about 24 hours before I got cancellation email. So do I just get burned on a cancelled order?
Edit: Got another email from company. The cancellation was an error in their system and they are not in fact cancelled and I do not need to remove them.
Citi emailed me about a replacement card that was ordered for the AU i had added a couple of months ago. I didn't order any replacement cards so not sure what's going on. Just in case I logged on and locked all my cards with Citi.Was the original card delivered to you or did the PO return it? I've had companies tell me they were resending since the first card was returned. All should be to your address.
Does anyone know if there is any way an AU can order a replacement card to be delivered to their address?
Per the contract with the companies, the AU are not supposed to contact them about the AU accounts. I've had 3 that did anyway.
It's always fun when the AU sees my CC on their credit report because I added them as an AU, then they freak out and call the CC company to tell them fraud, identity theft, Land Shark! and they get yanked off the credit report. Then their score goes back down and they complain to the tradeline company. No refund, enjoy your low score for being stupid. I know this has to happen a lot because it's happened to me more than once.
Wooo Hooo!!! I got an add from the new company! I guess it's my once every 6 months for them. Meanwhile, I get about 8 from the old company. I've migrated all but one card to the old company.
I signed up with a rando called Splendid Credit..... they implied I'd receive payment July 10th but then told me it'd be ~September~ for a June Sale.....I told them to remove my cards from their listings.
With Citi, is it ok to message them to remove AUs or do I have to call? I remember that they removed messaging option a couple of years ago but it looks like it's available again at least on the app.With Citi I call to add, but use the chat feature to remove.
With Citi, is it ok to message them to remove AUs or do I have to call? I remember that they removed messaging option a couple of years ago but it looks like it's available again at least on the app.With Citi I call to add, but use the chat feature to remove.
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
I got this with Amex also and did the same as you (just closed out and didn't create the new user ID). AU's are all showing up on my online portal . . . even the one that I trashed before I realized I needed to activate the card with the SS#. I mean it's right there on the sticker on the card, but I don't look closely at those anymore. I've just been shredding cards. I guess we'll see if they post?
case.
So are we just getting a different interface than everyone else? People keep posting here to make sure you have the SS# to activate the card, and I do have them, but there is no opportunity to enter them anywhere. I enter the card number and the card security code, and i get prompted to create a new account.
I guess I did enter the full SSN when I was adding them in the first place, but thats it. I might just call amex to figure out how in the world to confirm/activate these cards.
I'm encountering the same thing. I have an AU for my delta skymiles amex, and when I go to americanexpress.com/confirmcard and enter the card number and 4 digit ID I am prompted to create an online account. I did step 1 of 3 and created a unique account id and pw using the AU name. After that I am given the message "Your new Card has been successfully confirmed and is now ready to use. You have also successfully registered for an Online Account." even though steps 2 and 3 didn't get completed, so I stopped there. I did not need the AU SSN, just my own birthday to confirm.
Does anyone still use the new company and have no complaints? I stopped working with them a couple of years ago because of the feedback in this thread. When I used them, which was only for a few AUs, I think I got paid on time and didn't have to follow up though maybe i should double check that. I am considering adding a couple of credit cards with them again because I'm not getting a lot of sales with the old company.
Does anyone still use the new company and have no complaints? I stopped working with them a couple of years ago because of the feedback in this thread. When I used them, which was only for a few AUs, I think I got paid on time and didn't have to follow up though maybe i should double check that. I am considering adding a couple of credit cards with them again because I'm not getting a lot of sales with the old company.
Does anyone still use the new company and have no complaints? I stopped working with them a couple of years ago because of the feedback in this thread. When I used them, which was only for a few AUs, I think I got paid on time and didn't have to follow up though maybe i should double check that. I am considering adding a couple of credit cards with them again because I'm not getting a lot of sales with the old company.
I guess I'm at critical mass. Pretty much daily letters for old AUs from collection agencies, for credit card offers and from Sheriff's offices. Had one from a state, telling the AU that they had money from something or other. I'm starting to look at the addressee. I've always just opened my mail one envelope after the other when I pick it up. Starting to put an X through the name/address and do a return to sender, addressee unknown and drop them in a mail box.
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
I got this with Amex also and did the same as you (just closed out and didn't create the new user ID). AU's are all showing up on my online portal . . . even the one that I trashed before I realized I needed to activate the card with the SS#. I mean it's right there on the sticker on the card, but I don't look closely at those anymore. I've just been shredding cards. I guess we'll see if they post?
case.
So are we just getting a different interface than everyone else? People keep posting here to make sure you have the SS# to activate the card, and I do have them, but there is no opportunity to enter them anywhere. I enter the card number and the card security code, and i get prompted to create a new account.
I guess I did enter the full SSN when I was adding them in the first place, but thats it. I might just call amex to figure out how in the world to confirm/activate these cards.
I'm encountering the same thing. I have an AU for my delta skymiles amex, and when I go to americanexpress.com/confirmcard and enter the card number and 4 digit ID I am prompted to create an online account. I did step 1 of 3 and created a unique account id and pw using the AU name. After that I am given the message "Your new Card has been successfully confirmed and is now ready to use. You have also successfully registered for an Online Account." even though steps 2 and 3 didn't get completed, so I stopped there. I did not need the AU SSN, just my own birthday to confirm.
Another data point: I just received my 3rd amex AU card. This time I did not need to create an account to confirm, this time I was asked if I was the AU or if I was the account holder activating the card on behalf of the AU. I chose that I was the account holder and the card was activated without creating an additional login.
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
I got this with Amex also and did the same as you (just closed out and didn't create the new user ID). AU's are all showing up on my online portal . . . even the one that I trashed before I realized I needed to activate the card with the SS#. I mean it's right there on the sticker on the card, but I don't look closely at those anymore. I've just been shredding cards. I guess we'll see if they post?
case.
So are we just getting a different interface than everyone else? People keep posting here to make sure you have the SS# to activate the card, and I do have them, but there is no opportunity to enter them anywhere. I enter the card number and the card security code, and i get prompted to create a new account.
I guess I did enter the full SSN when I was adding them in the first place, but thats it. I might just call amex to figure out how in the world to confirm/activate these cards.
I'm encountering the same thing. I have an AU for my delta skymiles amex, and when I go to americanexpress.com/confirmcard and enter the card number and 4 digit ID I am prompted to create an online account. I did step 1 of 3 and created a unique account id and pw using the AU name. After that I am given the message "Your new Card has been successfully confirmed and is now ready to use. You have also successfully registered for an Online Account." even though steps 2 and 3 didn't get completed, so I stopped there. I did not need the AU SSN, just my own birthday to confirm.
Another data point: I just received my 3rd amex AU card. This time I did not need to create an account to confirm, this time I was asked if I was the AU or if I was the account holder activating the card on behalf of the AU. I chose that I was the account holder and the card was activated without creating an additional login.
This 3rd amex sale never posted. I got contacted by old company and had to provide screen shots showing a balance on the card, and the AU on the account, etc.
it prompted me to create another username and password, which i did NOT do. Do we really have to create an online amex account for every authorized user that we add?
I got this with Amex also and did the same as you (just closed out and didn't create the new user ID). AU's are all showing up on my online portal . . . even the one that I trashed before I realized I needed to activate the card with the SS#. I mean it's right there on the sticker on the card, but I don't look closely at those anymore. I've just been shredding cards. I guess we'll see if they post?
case.
So are we just getting a different interface than everyone else? People keep posting here to make sure you have the SS# to activate the card, and I do have them, but there is no opportunity to enter them anywhere. I enter the card number and the card security code, and i get prompted to create a new account.
I guess I did enter the full SSN when I was adding them in the first place, but thats it. I might just call amex to figure out how in the world to confirm/activate these cards.
I'm encountering the same thing. I have an AU for my delta skymiles amex, and when I go to americanexpress.com/confirmcard and enter the card number and 4 digit ID I am prompted to create an online account. I did step 1 of 3 and created a unique account id and pw using the AU name. After that I am given the message "Your new Card has been successfully confirmed and is now ready to use. You have also successfully registered for an Online Account." even though steps 2 and 3 didn't get completed, so I stopped there. I did not need the AU SSN, just my own birthday to confirm.
Another data point: I just received my 3rd amex AU card. This time I did not need to create an account to confirm, this time I was asked if I was the AU or if I was the account holder activating the card on behalf of the AU. I chose that I was the account holder and the card was activated without creating an additional login.
This 3rd amex sale never posted. I got contacted by old company and had to provide screen shots showing a balance on the card, and the AU on the account, etc.
Another data point: I had an AmEx card that I tried to activate, however it kept wanting to send a text to the AU phone - both when I tried activating as myself and as the AU. I downloaded the AmEx app and was able to confirm the card that way, will probably be my go to method from here on out. Usually cards that aren't confirmed do not post.
I just got my first sale on my Barclays card with the old company since they had the issues in June/July. I entered the DOB and added their address, is it necessary to call in to add their SS#? Or are things back to normal now?
I just got a piece of physical mail for one of the authorized users, a credit card solicitation from Capital One. Their name, my address. First time this happened and it's concerning.
Low sales, difficulty collecting payments. Poor communication unless its to add a user. I once forgot to click the red button after adding 3 AUs. They didnt even check with me or confirm I added. They just deactivated my account They never told me and didnt pay me. I had those 3 AUs on my cards for MONTHS
This is the new company.
I quit.
Agreed. I'm getting so many new sales with the new company its crazy.I just got a piece of physical mail for one of the authorized users, a credit card solicitation from Capital One. Their name, my address. First time this happened and it's concerning.
Low sales, difficulty collecting payments. Poor communication unless its to add a user. I once forgot to click the red button after adding 3 AUs. They didnt even check with me or confirm I added. They just deactivated my account They never told me and didnt pay me. I had those 3 AUs on my cards for MONTHS
This is the new company.
I quit.
More sales for the rest of us!
Will an AMEX AU still post if I haven't received or activated the card? The card was sent to me and I got an email from Amex asking me to activate it but I haven't yet received the card.
Thanks, yes I'll wait a few days, it must be on the way.
Another question about Chase: Is there a way to remove Auth users online or do I have to call? I can't find that option on the website.
For those who received Amex AU cards, did Amex put your name or the AU name in the address field of the envelope?
After a long dry spell I got an add with new company for a Barclays Card
I added the user online and confirmed "user added" in the portal with new company, while I was on hold with Barclays to just call in the SSN
Then I realised that the SSN disappears after you hit "user added".
I totally knew that, but I wasn't thinking at the moment.
Is there a way to get the SSN other than contacting new company.
Also, what are the recent datapoints regarding Barclays adds without SSN.
They used to post fine, but my last two ads earlier this year did not post and I recall several of you having the same issue so I am a bit concerned.
In the last month I've gotten the most AU with the new company (7) that I've ever gotten and 2 with the old company. Is everyone else seeing a huge uptick adds?
Thank youAfter a long dry spell I got an add with new company for a Barclays Card
I added the user online and confirmed "user added" in the portal with new company, while I was on hold with Barclays to just call in the SSN
Then I realised that the SSN disappears after you hit "user added".
I totally knew that, but I wasn't thinking at the moment.
Is there a way to get the SSN other than contacting new company.
Also, what are the recent datapoints regarding Barclays adds without SSN.
They used to post fine, but my last two ads earlier this year did not post and I recall several of you having the same issue so I am a bit concerned.
Barclays is BAU. Just add them online. No need for calling in SS number.
In the last month I've gotten the most AU with the new company (7) that I've ever gotten and 2 with the old company. Is everyone else seeing a huge uptick adds?
Personally no, not yet. But historically March, July, and October seem to be busier than average based on my almost three years of tracking data.
Just under 3 years here, just over 100 sales... my best months have been February, May, and August. Tends to drop off quickly after those first two, but, after August, Sept-Jan are less than the peak but stay consistently above average. It may be cyclical (either per company, or per sellers and how they get added and come off) for the first half of the year then solid in the 4th quarter?
Just under 3 years here, just over 100 sales... my best months have been February, May, and August. Tends to drop off quickly after those first two, but, after August, Sept-Jan are less than the peak but stay consistently above average. It may be cyclical (either per company, or per sellers and how they get added and come off) for the first half of the year then solid in the 4th quarter?
Wow, that's impressive. I only have 22 in three years. Out of curiosity, how many cards do you have active?
Just under 3 years here, just over 100 sales... my best months have been February, May, and August. Tends to drop off quickly after those first two, but, after August, Sept-Jan are less than the peak but stay consistently above average. It may be cyclical (either per company, or per sellers and how they get added and come off) for the first half of the year then solid in the 4th quarter?
Wow, that's impressive. I only have 22 in three years. Out of curiosity, how many cards do you have active?
The number of cards help, but just as important IMO is the desirability of the AU slots. My 2 oldest cards (15+ years old) sold out their maximum number of slots consistently for quite a while. 1 unfortunately got shut down and the other is still going strong at 3 years.
Just under 3 years here, just over 100 sales... my best months have been February, May, and August. Tends to drop off quickly after those first two, but, after August, Sept-Jan are less than the peak but stay consistently above average. It may be cyclical (either per company, or per sellers and how they get added and come off) for the first half of the year then solid in the 4th quarter?
Wow, that's impressive. I only have 22 in three years. Out of curiosity, how many cards do you have active?
Just under 3 years here, just over 100 sales... my best months have been February, May, and August. Tends to drop off quickly after those first two, but, after August, Sept-Jan are less than the peak but stay consistently above average. It may be cyclical (either per company, or per sellers and how they get added and come off) for the first half of the year then solid in the 4th quarter?
Wow, that's impressive. I only have 22 in three years. Out of curiosity, how many cards do you have active?
The number of cards help, but just as important IMO is the desirability of the AU slots. My 2 oldest cards (15+ years old) sold out their maximum number of slots consistently for quite a while. 1 unfortunately got shut down and the other is still going strong at 3 years.
Just under 3 years here, just over 100 sales... my best months have been February, May, and August. Tends to drop off quickly after those first two, but, after August, Sept-Jan are less than the peak but stay consistently above average. It may be cyclical (either per company, or per sellers and how they get added and come off) for the first half of the year then solid in the 4th quarter?
Wow, that's impressive. I only have 22 in three years. Out of curiosity, how many cards do you have active?
The number of cards help, but just as important IMO is the desirability of the AU slots. My 2 oldest cards (15+ years old) sold out their maximum number of slots consistently for quite a while. 1 unfortunately got shut down and the other is still going strong at 3 years.
Heh I just checked, by far my biggest sellers have been under 4 years old with under $3000 credit limits. I opened those just for tradeline sales. Most of those sales were in the first 1-3 years. I guess those cheap slots that I only got paid $25 for were easy to fill when someone needed a quick boost.
Just under 3 years here, just over 100 sales... my best months have been February, May, and August. Tends to drop off quickly after those first two, but, after August, Sept-Jan are less than the peak but stay consistently above average. It may be cyclical (either per company, or per sellers and how they get added and come off) for the first half of the year then solid in the 4th quarter?
Wow, that's impressive. I only have 22 in three years. Out of curiosity, how many cards do you have active?
The number of cards help, but just as important IMO is the desirability of the AU slots. My 2 oldest cards (15+ years old) sold out their maximum number of slots consistently for quite a while. 1 unfortunately got shut down and the other is still going strong at 3 years.
This post got me curious, so I went back over my records. Added my first AU on 12/7/17 (so just under 4 years) and I've had 373 sales since then with 5 different companies. I was quite the cc rewards whore for a while, and as a result have over $400k in available credit over 35+ cards. I've had a handful shut down, restricted, etc. (including all of my Chase and BoA cards), but have made $34k and counting since then so it's been worth the headaches!
I had a weird experience with Citi. I added a user over the phone, but toward the end of the call, there were some technical issues on the rep's end. The end result seems to be that while the user the was added, a card was not issued or mailed. Actually, I got an email afterwards that said: "Due to a system issue, we were unable to mail the card for your authorized user(s)" and mentioned I could request a new card by calling in.
I've only had a handful of adds across the two companies, and have never bothered to activate the AU cards, so I'm thinking I can just ignore this? Seems like the AU should post given that they were in fact added, but I thought run the situation by the experts here.
Have had this happen quite a few times with Citi. If you see the add in your account you're probably fine. Some of the non-US reps botch this so it's always good to check via your login. Citi doesn't give new card numbers anyway.
After a long dry spell I got an add with new company for a Barclays Card
I added the user online and confirmed "user added" in the portal with new company, while I was on hold with Barclays to just call in the SSN
Then I realised that the SSN disappears after you hit "user added".
I totally knew that, but I wasn't thinking at the moment.
Is there a way to get the SSN other than contacting new company.
Also, what are the recent datapoints regarding Barclays adds without SSN.
They used to post fine, but my last two ads earlier this year did not post and I recall several of you having the same issue so I am a bit concerned.
It's barclays, you don't need to call, just add online.
Is anyone having issues logging in with old company? I get a untrusted web site on both browsers and it won't go to the login page. Thanks
Looks like it is only care credit from the email they sent out this week. (Also, listed above from ARS but I missed it originally).
For those who have care credit, what's the deal with this card? Can you only use it for healthcare expenses and nothing else? It's not 100% clear from reading their website.
Another question: when you got the card, did they give you a high credit line compared to other issuers?
When my wife got lasik surgery they were running a 0% APR financing, which turns out to just be the care credit card. Surgery was a little over $4k and I think they put the limit slightly over that at like $5k. We set up autopayments to complete at the end of the promo period, and never used the card for anything else. When I found out the old company accepted the care credit card I requested a credit limit increase to $16k to get into the next payment tier and was instantly approved, despite never using the card outside of the original financing like 3 years ago. Since we never used it I can't comment on how it's actually used (I actually posted the same question a week ago or so). I'm pretty sure when we originally got the account and they sent us a physical card we decided we were never going to use it, so just shredded it immediately. Now that we are going to sell TL on it I've requested they send me another physical copy of the card, but it hasn't arrived yet. When it does I'm going to try and see where/what I can charge on it and will report back in this thread.
My original card (the closed one) had a CL of +20k (don't remember exactly and don't really want to waste time on that). I think this is their max. I have other cards with similar CL, so I guess the same as others. My new card that I got absolutely right away (which is very nice of them) has only $5.5K CL, and I still mature it, so don't really care about the CL as of right now, plus I don't use it now (even for vet bills).
Usage: my old card was used heavily for vet appointments, pets emergency rooms and such, you can put (don't quote me - vet's offices would tell you better) >$200 on 6m financing. They have 9 and 12m financing for more expensive purchases (when you have financing on you card, it's a balance that counts for TL purposes as long as it's less than 10% of your CL). When I didn't have any financing on the card, I was able to use the card at Walmart for purchasing beauty products which actually included soap and shampoo, vitamins and such. I'm pretty sure there is a list of all those things on their website (I didn't try to find the list bc I thought by the time I get the link or a pic here, someone would have posted it already).
What I usually do with my cards used for TLs only: I find one-two days a months when I can use all of them to post (they close on different dates and I like to keep it that way). So, for example on the 23rd each month I personally go to Walmart and buy bread or something that we always need and then pay with a different card for each bread (as long as the purchase is >$2 so it's not "forgiven"). And with care credit I pay for soap or vitamins. It does look weird, but I use self service and as long as I don't steal, I don't think anybody minds.
I'm pretty sure you can use Care credit in dental office (not all, just ask), some private clinics. They extend the list every year.
I don't use vet or dr services frequently enough to ensure I get a charge on every cycle.
I've read on their website how it can be used at certain vendors for OTC medicine and health/beauty stuff, but I don't understand the mechanism. How do they differentiate between aspirin and soda when I'm at the register? I know CVS can differentiate between them, but when the card is scanned how does synchrony know what exactly is being purchased?
I sold a spot on the care credit card. Bought vitamins at walgreens and the card worked like a regular credit card.
My sales have gone dead, anyone else? Old company, I have a Barclays which used to sell out 2 spots consistently, a Discover card that sold decently and I added a chase card the last enrollment which hasn’t yet sold a spot. Nothing in the last 4 months. Is this normal?
My sales have gone dead, anyone else? Old company, I have a Barclays which used to sell out 2 spots consistently, a Discover card that sold decently and I added a chase card the last enrollment which hasn’t yet sold a spot. Nothing in the last 4 months. Is this normal?
For the last 2 ½ years I have been increasing the number of cards I have and the credit limits. However, in the last 3 months I have had no success, every request is denied. I have gone from 2 cards to 17 currently, 248k credit limit, good income, credit score over 800, and carry no balances.
Is there any recommendation on how to continue CLIs and new card requests?
Thanks in advance
For the last 2 ½ years I have been increasing the number of cards I have and the credit limits. However, in the last 3 months I have had no success, every request is denied. I have gone from 2 cards to 17 currently, 248k credit limit, good income, credit score over 800, and carry no balances.
Is there any recommendation on how to continue CLIs and new card requests?
Thanks in advance
Received email from old company that the person currently on my Chase wants to extend it another cycle.
I know Chase is notorious for closing accounts so this is a positive as the AU will be on there for 8 months before I add another AU.
Anyone else get an extension on the AU?
Yes but with another company, you should get paid extra for that.
I've mentioned that BBVA and Chase have sold cards to PNC and Barclays. I expected everything would transfer over as is, which it did with PNC, but Barclays (AARP) did not transfer over the auto payment. Got hit with a 50 cent interest charge. I was pissed enough that I first thought of just cancelling the card, but thought a bit more and just had them add the auto payment, statement balance and let it pay off the card. Hopefully the old company will start adding Barclays again and my tradeline payments will overshadow this.
C/N: When a card sells, make sure auto payment is still on.
@ducky19 Curious how do you remove an Amex user? May I ask how much you get for that user? Is it per 2 months?@BikeFanatic The cycle is for two months, once it's complete I will use the chat functionality in their website to remove the user. Usually takes about 3-4 minutes and is painless. That particular card ($26k limit) I'm getting $75 per two month cycle (it's $150 with the "old company"), $37.50 every 30 day extension. Definitely hope the "old company" sales pick up. I do get steady sales on all of my AmEx cards, so volume helps.
thanks.
Having started in 2018, and after 121 orders lifetime, I just had my very first shut down. I logged into my Citi account today and 1 of my 3 cards displays this message: ""This account is closed. For further assistance, please visit our Contact Us page." The card that was shut down only has had 4 orders on it in all, while the other two have had 13 and 2.
Is it best to rest my other two Citi cards for awhile? Citi is so annoying to add over the phone, that I might just call it quits with Citi anyway.
I've had a credit freeze at the "big four" credit reporting agencies on ever since someone tried to fraudulently open a card in my name about 5 years ago and they seemed to have all of my info. This had nothing to do before tradelines, just to be clear, it was way before I was selling tradelines. However, a couple of my cards still have that "free credit score" feature, and they seem to be able to update my credit score every month. How are they doing that if I have a freeze on my credit reports at all of the agencies?
What's the conventional wisdom on the number of AUs that can be carried at any one time? I have a Citi card listed with two companies and could end up with 4 adds total, though I've never gone above 2.
What's the conventional wisdom on the number of AUs that can be carried at any one time? I have a Citi card listed with two companies and could end up with 4 adds total, though I've never gone above 2.I believe that to enroll a card with either of the companies discussed here you agree to not list that card with another company.
My sales have gone dead, anyone else? Old company, I have a Barclays which used to sell out 2 spots consistently, a Discover card that sold decently and I added a chase card the last enrollment which hasn’t yet sold a spot. Nothing in the last 4 months. Is this normal?
Yeah, sales have dipped quite a bit the second half of this year. I'm not sure of the factors. Give it time, I'm betting it's at least partly cyclical.My sales have gone dead, anyone else? Old company, I have a Barclays which used to sell out 2 spots consistently, a Discover card that sold decently and I added a chase card the last enrollment which hasn’t yet sold a spot. Nothing in the last 4 months. Is this normal?
Another 2 months have gone by with no sales. I’m pretty discouraged at this point.
Yeah, sales have dipped quite a bit the second half of this year. I'm not sure of the factors. Give it time, I'm betting it's at least partly cyclical.My sales have gone dead, anyone else? Old company, I have a Barclays which used to sell out 2 spots consistently, a Discover card that sold decently and I added a chase card the last enrollment which hasn’t yet sold a spot. Nothing in the last 4 months. Is this normal?
Another 2 months have gone by with no sales. I’m pretty discouraged at this point.
Anyone have recent reports with Chase and getting accounts shut down? I have a bunch of cards and feel like it's a waste not being able to leverage them. Has anyone noticed any "patterns" with Chase that work and that don't? I would imagine if I sold a single spot on a card or two, it likely wouldn't raise flags versus selling several and across multiple cards... we have a lot of Chase cards that we use and depend on a lot (for points, etc) so the risk of having all of them canceled because of selling spots seems a bit high.
So far, all the spots on my and my wife's Discover cards are sold out. We are AUs on each other's cards too but I'm thinking that's a bit much and might as well just free those spots up for sale.
Anyone have recent reports with Chase and getting accounts shut down? I have a bunch of cards and feel like it's a waste not being able to leverage them. Has anyone noticed any "patterns" with Chase that work and that don't? I would imagine if I sold a single spot on a card or two, it likely wouldn't raise flags versus selling several and across multiple cards... we have a lot of Chase cards that we use and depend on a lot (for points, etc) so the risk of having all of them canceled because of selling spots seems a bit high.
So far, all the spots on my and my wife's Discover cards are sold out. We are AUs on each other's cards too but I'm thinking that's a bit much and might as well just free those spots up for sale.
I have one Chase card with the old company and it stays full with 2 AUs all the time. It's my only Chase anything, so although the 5% rewards are some quarters great, I wouldn't be devastated if it got shut down.
Anyone have recent reports with Chase and getting accounts shut down? I have a bunch of cards and feel like it's a waste not being able to leverage them. Has anyone noticed any "patterns" with Chase that work and that don't? I would imagine if I sold a single spot on a card or two, it likely wouldn't raise flags versus selling several and across multiple cards... we have a lot of Chase cards that we use and depend on a lot (for points, etc) so the risk of having all of them canceled because of selling spots seems a bit high.
So far, all the spots on my and my wife's Discover cards are sold out. We are AUs on each other's cards too but I'm thinking that's a bit much and might as well just free those spots up for sale.
I have one Chase card with the old company and it stays full with 2 AUs all the time. It's my only Chase anything, so although the 5% rewards are some quarters great, I wouldn't be devastated if it got shut down.
Yea, if you don't use it often it's NBD. In our case, we accumulate a lot of points and use these cards a lot. I thought I read that Chase can and will shut down ALL associated accounts if they determine you are "outside of the bounds" of acceptable use as far as AUs are concerned.
Started selling AUs this summer and have started to get mail delivered with the name of former AUs with my address connected. This has been both promotional mail as well as one letter stating that their request for a credit line through Citizens One Personal Loans was denied. I assume mail is sent to my address since it is linked with their credit history now?
Just wanted to make sure there weren't bigger issues at play here or if this is normal. From a practical standpoint would linking my credit cards with a PO Box prevent this mail from coming to the house?
Thanks!
BTW: I'm seeing this note on one of my Discover accounts -
"You've reached the maximum number of requests to add Authorized Users at this time.
You'll be able to add your next Authorized User on 07/23/2022 if you have fewer than 5 Authorized Users at that time."
Didn't realize this but I guess Discover 'rate-limits' you at a certain threshold? Is this new or has it always been like this?
Yes, it’s been like this. But I’ve also heard that some people have been able to get around this by actually calling in to add the AU rather than adding online. I haven’t tried myself.BTW: I'm seeing this note on one of my Discover accounts -
"You've reached the maximum number of requests to add Authorized Users at this time.
You'll be able to add your next Authorized User on 07/23/2022 if you have fewer than 5 Authorized Users at that time."
Didn't realize this but I guess Discover 'rate-limits' you at a certain threshold? Is this new or has it always been like this?
It's been that way for a while. There have been previous comments on it on this thread...perhaps do a search backwards for those posts? I think Old Company is aware of the issue.
Started selling AUs this summer and have started to get mail delivered with the name of former AUs with my address connected. This has been both promotional mail as well as one letter stating that their request for a credit line through Citizens One Personal Loans was denied. I assume mail is sent to my address since it is linked with their credit history now?
Just wanted to make sure there weren't bigger issues at play here or if this is normal. From a practical standpoint would linking my credit cards with a PO Box prevent this mail from coming to the house?
Thanks!
Yes, it's normal.
Write "Return to sender - not at this address" and drop it back in the mail if it's First Class, otherwise recycle it.
I think using a PO Box would stop the mail from coming to your house. But you might need to go empty the PO Box out from time to time. And I think some businesses don't like sending mail to a PO Box.
Started selling AUs this summer and have started to get mail delivered with the name of former AUs with my address connected. This has been both promotional mail as well as one letter stating that their request for a credit line through Citizens One Personal Loans was denied. I assume mail is sent to my address since it is linked with their credit history now?
Just wanted to make sure there weren't bigger issues at play here or if this is normal. From a practical standpoint would linking my credit cards with a PO Box prevent this mail from coming to the house?
Thanks!
Yes, it's normal.
Write "Return to sender - not at this address" and drop it back in the mail if it's First Class, otherwise recycle it.
I think using a PO Box would stop the mail from coming to your house. But you might need to go empty the PO Box out from time to time. And I think some businesses don't like sending mail to a PO Box.
Quick question but what is the *typical* payout schedule for you guys based on? Is it based on 2 months (or whatever) from the date you confirmed adding the user OR do all the companies only pay you 2 months from the post date?
I added an AU with a company back on 11/27 and just asked them about payment and they told me this AU didn't post first cycle, implying that I'm not going to get paid this month... I'm a bit confused.
What do you do with the AU cards you receive? Do you shred them? Or just cut them up? My shredder died and I wonder if I should get a new one.
One of my cards is a Capital One SAVOR and the cards are metal. I've got a stack of them in a drawer (never activated) because I can't shred them. I have a couple of return envelopes and while I know intellectually the person receiving and destroying those metal cards gives zero fucks about TL sales or multiple AUs, I still feel hesitant to send back 4-5 cards with different names in one envelope.
One of my cards is a Capital One SAVOR and the cards are metal. I've got a stack of them in a drawer (never activated) because I can't shred them. I have a couple of return envelopes and while I know intellectually the person receiving and destroying those metal cards gives zero fucks about TL sales or multiple AUs, I still feel hesitant to send back 4-5 cards with different names in one envelope.
So send them back one per envelope?
Does anyone run their tradelines as an LLC? Are you able to deduct a card's annual fee as an expense? Are you able to deduct the card's annual expense if you run as a sole proprietor?
Does anyone run their tradelines as an LLC? Are you able to deduct a card's annual fee as an expense? Are you able to deduct the card's annual expense if you run as a sole proprietor?
No, yes, and yes. Probably Schedule C line 10 Commissions and Fees. https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
Thanks.
Do you also check yes for qualified under 199A?
Do you deduct anything other than annual fees? I can't think of any other business expenses related to tradelines.
One of my cards is a Capital One SAVOR and the cards are metal. I've got a stack of them in a drawer (never activated) because I can't shred them. I have a couple of return envelopes and while I know intellectually the person receiving and destroying those metal cards gives zero fucks about TL sales or multiple AUs, I still feel hesitant to send back 4-5 cards with different names in one envelope.
So send them back one per envelope?
I've got about a dozen cards and only a few return envelopes.
At some point I'll probably just throw them in the trash. It's not like they're any good.
Does anyone run their tradelines as an LLC? Are you able to deduct a card's annual fee as an expense? Are you able to deduct the card's annual expense if you run as a sole proprietor?I don’t do an LLc, but a sole proprietorship. My accountant deducts my home office expenses and I contribute to a SEP IRA from my AU income as well.
Does anyone run their tradelines as an LLC? Are you able to deduct a card's annual fee as an expense? Are you able to deduct the card's annual expense if you run as a sole proprietor?
No, yes, and yes. Probably Schedule C line 10 Commissions and Fees. https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
That's exactly what I do.
One of my cards is a Capital One SAVOR and the cards are metal. I've got a stack of them in a drawer (never activated) because I can't shred them. I have a couple of return envelopes and while I know intellectually the person receiving and destroying those metal cards gives zero fucks about TL sales or multiple AUs, I still feel hesitant to send back 4-5 cards with different names in one envelope.
So send them back one per envelope?
Whoa. Are the AU card numbers the same as your number? Most cards, they are. If that's the case and you throw them in the trash, someone finds them, they can spend, spend, spend until the charges get caught by you or the credit card company.
I've got about a dozen cards and only a few return envelopes.
At some point I'll probably just throw them in the trash. It's not like they're any good.
One of my cards is a Capital One SAVOR and the cards are metal. I've got a stack of them in a drawer (never activated) because I can't shred them. I have a couple of return envelopes and while I know intellectually the person receiving and destroying those metal cards gives zero fucks about TL sales or multiple AUs, I still feel hesitant to send back 4-5 cards with different names in one envelope.
So send them back one per envelope?
I've got about a dozen cards and only a few return envelopes.
At some point I'll probably just throw them in the trash. It's not like they're any good.
Whoa. Are the AU card numbers the same as your number? Most cards, they are. If that's the case and you throw them in the trash, someone finds them, they can spend, spend, spend until the charges get caught by you or the credit card company.
I have a unique question. I believe I have run against a wall with my total limit across all my cards. My requests for credit limit increases are being denied. I have a high credit limit on Chase and BOA cards, which I don't want to sell tradelines on anymore because I don't want them closed (they are my oldest cards). I believe my high combined limit is limiting my ability to get more credit.
Would it be a wise strategy to seek credit limit reductions on my BOA and Chase cards to get higher credit limits on my less risky cards (like Barclays)? Has anyone tried this?
I have a question on transferring a credit line to a new card (Barclays).
Since I am probably nearing my lifetime AU’s with my current Barclays card, I want to try to open a new card by transferring the line from the old one to the new one. Would the AU’s currently on the old card get transferred to the new ones, or should I put this card on pause, wait for these AUs to finish their term, and then apply for the new card?
My 25K Chase gets two AU's like clock work every 4 months for $250 each. I already got the big bonus cards in the past and really only use the Freedom card for bonus Catagories. With only a $75 max bonus each quarter, I feel the risk is worth it.
With that said, I would like to keep this going and minimize the risk of getting shut down. Last year I signed up for Chase checking account for the bonus and kept it, with a small DD each month going in. I also utilize the Chase card more frequently than I normally would, even though it's not optimal. I have also had several referrals sign up for Chase cards.
Do you think it matters that I have a the checking account, utilize the credit card more than one smal purchase a month, and dkrect business towards Chase as far as less chance of getting shut down?
I have a question on transferring a credit line to a new card (Barclays).You don’t need to transfer the limit when you open the new card. Just open the new card with its own credit limit asap to start seasoning it. You can transfer the your old card’s credit limit to the new card AFTER the old card has reached its lifetime limit. Transferring it any earlier just limits the earning potential of your current card.
Since I am probably nearing my lifetime AU’s with my current Barclays card, I want to try to open a new card by transferring the line from the old one to the new one. Would the AU’s currently on the old card get transferred to the new ones, or should I put this card on pause, wait for these AUs to finish their term, and then apply for the new card?
Question on 1099 and the new company. I'm good with the old company as they say to use the chex flex whatever, and I simply printed out the 1099. What's the deal with the new company? Is there a number you have to go over to get a 1099? Do they mail it or is there someplace to go on the web to find it like the old company?
I'm gathering my documents to do my taxes...obviously. thanks
Speaking of Barclay's and their max AU limit, did anyone else have a Barclay Uber card that was recently transitioned to a View card? I'm wondering if this change reset the limit.
Authorized user not added
The information you have entered is incorrect.
Please contact our Customer Service department as soon as possible at 888-232-0780.
What message do you get when you reach the AU limit with Barclays?
I tried to add an AU, answered security questions and got the following message. Tried the same thing twice with the same result.QuoteAuthorized user not added
The information you have entered is incorrect.
Please contact our Customer Service department as soon as possible at 888-232-0780.
Does it mean I have reached the limit?
Bike fanatic, thanks for answering. I have never sold trade lines so have no authorized users. I just closed the account as I have 2 others. When it happened I remembered about this thread.
What message do you get when you reach the AU limit with Barclays?
I tried to add an AU, answered security questions and got the following message. Tried the same thing twice with the same result.QuoteAuthorized user not added
The information you have entered is incorrect.
Please contact our Customer Service department as soon as possible at 888-232-0780.
Does it mean I have reached the limit?
What message do you get when you reach the AU limit with Barclays?
I tried to add an AU, answered security questions and got the following message. Tried the same thing twice with the same result.QuoteAuthorized user not added
The information you have entered is incorrect.
Please contact our Customer Service department as soon as possible at 888-232-0780.
Does it mean I have reached the limit?
Thanks.
Do you also check yes for qualified under 199A?
Do you deduct anything other than annual fees? I can't think of any other business expenses related to tradelines.
I think it qualifies for 199A.
There is the SEHI deduction, which is probably the biggest opportunity. However, if you're on ACA there is an annoying circular reference in the tax code.
You could evaluate whether or not you qualify for the simplified method for a home office deduction. The bar I found there was that the IRS requires that the space be exclusively used for the business, and "exclusive" is a high bar.
Perhaps you could deduct the cost of a shredder if you bought it to shred AU cards and correspondence.
In theory you could deduct a proportion of your cell phone and internet bills used for business purposes, but that amount is probably small enough to be a rounding error.
You could take a look at Schedule C and see if any of the other line items jump out at you as possibilities, then research items in those areas.
Thanks.
Do you also check yes for qualified under 199A?
Do you deduct anything other than annual fees? I can't think of any other business expenses related to tradelines.
I think it qualifies for 199A.
There is the SEHI deduction, which is probably the biggest opportunity. However, if you're on ACA there is an annoying circular reference in the tax code.
You could evaluate whether or not you qualify for the simplified method for a home office deduction. The bar I found there was that the IRS requires that the space be exclusively used for the business, and "exclusive" is a high bar.
Perhaps you could deduct the cost of a shredder if you bought it to shred AU cards and correspondence.
In theory you could deduct a proportion of your cell phone and internet bills used for business purposes, but that amount is probably small enough to be a rounding error.
You could take a look at Schedule C and see if any of the other line items jump out at you as possibilities, then research items in those areas.
@secondcor521 and anyone else....
Any thoughts on deducting a laptop as a business expense? I am considering getting a used laptop ($400-500) and the thought crossed my mind.
Currently, I have only deducted PO box expense and a couple of credit card annual fees.
A tax pro recently told me I could do a home office deduction. I'm not sure it is worth the trouble as the 'dedicated space' is quite small.
thanks for any thoughts!!
Thanks.
Do you also check yes for qualified under 199A?
Do you deduct anything other than annual fees? I can't think of any other business expenses related to tradelines.
I think it qualifies for 199A.
There is the SEHI deduction, which is probably the biggest opportunity. However, if you're on ACA there is an annoying circular reference in the tax code.
You could evaluate whether or not you qualify for the simplified method for a home office deduction. The bar I found there was that the IRS requires that the space be exclusively used for the business, and "exclusive" is a high bar.
Perhaps you could deduct the cost of a shredder if you bought it to shred AU cards and correspondence.
In theory you could deduct a proportion of your cell phone and internet bills used for business purposes, but that amount is probably small enough to be a rounding error.
You could take a look at Schedule C and see if any of the other line items jump out at you as possibilities, then research items in those areas.
@secondcor521 and anyone else....
Any thoughts on deducting a laptop as a business expense? I am considering getting a used laptop ($400-500) and the thought crossed my mind.
Currently, I have only deducted PO box expense and a couple of credit card annual fees.
A tax pro recently told me I could do a home office deduction. I'm not sure it is worth the trouble as the 'dedicated space' is quite small.
thanks for any thoughts!!
I'm looking for ways to automate monthly charges on my credit cards to keep them active, and of course ready for a trade line. I have twenty cards. I have already went through all of my regular expenses and allocated them as much as possible, but I have 8 more cards that do not have a monthly charge. I do not want to carry these in my wallet. I live frugally so I don't even go to the store but maybe twice a month and rarely go out to eat. It's important to me that this side gig is as automated as possible. I already do the $5 amazon gift card charge on two accounts.
Does anyone know of any thing else like the Amazon gift card "top up"? What do you all do to make sure that you have a balance consistently?
Is calling the only way to remove for Citi? I couldn't find a method online, and I've been on the call for at least 20 minutes answering security questions and they're having difficulty removing people.
I have a unique question. I believe I have run against a wall with my total limit across all my cards. My requests for credit limit increases are being denied. I have a high credit limit on Chase and BOA cards, which I don't want to sell tradelines on anymore because I don't want them closed (they are my oldest cards). I believe my high combined limit is limiting my ability to get more credit.
Would it be a wise strategy to seek credit limit reductions on my BOA and Chase cards to get higher credit limits on my less risky cards (like Barclays)? Has anyone tried this?
I've been in similar situations in the past and done similar things for similar reasons. It makes sense to me.
I think the total CL across all cards will typically run around 3X household income. If you're in that ballpark, you might be running into this issue.
You can usually drop the CL to $500 (or sometimes even $100) and keep the old cards open. Chase and BofA are nearly certain to accommodate your request.
Of course, you're not guaranteed that Barclays etc. will give you higher limits.
You might want to first confirm your suspicions by looking at the reasons they're declining your CLIs, and confirming that your credit otherwise is stellar. It would not be useful to go through the process halfway by lowering Chase and BofA then find out that Barclays etc. is declining your CLIs for some other reason.
Another avenue would be to open new cards with other piggybacking friendly issuers. If they see stellar credit and high limits from other competing issuers, you can often get high limits from additional issuers somewhat regardless of your total existing CL.
Can you provide any references or links regarding these 3x income limit you mentioned? I am close to that limit.
One of my cards is a Capital One SAVOR and the cards are metal. I've got a stack of them in a drawer (never activated) because I can't shred them. I have a couple of return envelopes and while I know intellectually the person receiving and destroying those metal cards gives zero fucks about TL sales or multiple AUs, I still feel hesitant to send back 4-5 cards with different names in one envelope.Aviation snips, cut those cards like butter.
Can you provide any references or links regarding these 3x income limit you mentioned? I am close to that limit.
No, it's just my personal experience with credit cards and the major credit card companies over the past 30 years or so, and observations of others' stated experiences.
And I wouldn't really consider it a hard limit; more just a headwind that I and others tend to hit roughly around that metric.
I just got an add on my citi card and called in and gave all the details. The rep told me the AU was successfully added, but that I need to call back in 24-48 hours to request a card. Anyone ever encounter this? Do I need to actually call back and request a physical card since I'm not going to activate it or use it?Citi has always sent me a card, but I wish there was an option to not send it, as it’s kind of a waste since they all go directly to the shredder. Plus the mailman routinely writes a question mark on the envelopes that are addressed to authorized users. He must be wondering how many people live at my address or if I’m part of some fraud ring or something.
I just got an add on my citi card and called in and gave all the details. The rep told me the AU was successfully added, but that I need to call back in 24-48 hours to request a card. Anyone ever encounter this? Do I need to actually call back and request a physical card since I'm not going to activate it or use it?
I just got an add on my citi card and called in and gave all the details. The rep told me the AU was successfully added, but that I need to call back in 24-48 hours to request a card. Anyone ever encounter this? Do I need to actually call back and request a physical card since I'm not going to activate it or use it?
As long as the AU is still actively listed in the Citi website portal for your account as a current user, it should be fine without a physical card. I'd skip contacting them again to send it.
Is anyone having trouble with Barclay's AUs showing up? I am not seeing the tradeline show-up for some AUs I have recently added. All were added online without a SSN. Thanks!
What message do you get when you reach the AU limit with Barclays?
I tried to add an AU, answered security questions and got the following message. Tried the same thing twice with the same result.QuoteAuthorized user not added
The information you have entered is incorrect.
Please contact our Customer Service department as soon as possible at 888-232-0780.
Does it mean I have reached the limit?
I am curious about this as well. I have a couple Barclaycards that are nearing the AU limit.
What message do you get when you reach the AU limit with Barclays?
I tried to add an AU, answered security questions and got the following message. Tried the same thing twice with the same result.QuoteAuthorized user not added
The information you have entered is incorrect.
Please contact our Customer Service department as soon as possible at 888-232-0780.
Does it mean I have reached the limit?
I am curious about this as well. I have a couple Barclaycards that are nearing the AU limit.
Is anyone having trouble with Barclay's AUs showing up? I am not seeing the tradeline show-up for some AUs I have recently added. All were added online without a SSN. Thanks!
So far, so good. I just checked. All of my recent AU's are still listed.
[MOD EDIT: Removed solicitation for unknown business from user with 8 posts]
Quote from: link=topic=66145.msg2982010#msg2982010 date=1645644454[MOD EDIT: Removed solicitation for unknown business from user with 8 posts]
I would suggest you let Joe (arebelspy) know. He's vetted the 2 companies recommended here. I once went and tried another and got whacked in the head with my first try. Pulled right out of there and will go only to the companies Joe's checked out.
Is it possible to activate an AMEX AU card if I don’t receive the card? My mailman sometimes does not deliver mail addressed to others. I sold my first AMEX AU with the old company.
Quote from: link=topic=66145.msg2982010#msg2982010 date=1645644454[MOD EDIT: Removed solicitation for unknown business from user with 8 posts]
I would suggest you let Joe (arebelspy) know. He's vetted the 2 companies recommended here. I once went and tried another and got whacked in the head with my first try. Pulled right out of there and will go only to the companies Joe's checked out.
Care to share what happened?
No, you need the special 4 digit number that you can only find physically on the front of the AMEX card.
Is it possible to activate an AMEX AU card if I don’t receive the card? My mailman sometimes does not deliver mail addressed to others. I sold my first AMEX AU with the old company.
I've also had an issue with Amex delta skymiles card. I added an AU in January, and they never sent me a card. After about 3 weeks I went on the Amex site and requested a new card for the AU citing the reason that the card never arrived. It's been almost 3 weeks since I requested a new card, and it still never arrived.
When I check my portal it says that the AU already posted and I'm scheduled to get paid, so I'm going to leave it alone, but it's really strange that I've requested a card twice and never received it. Amex has always been good about sending cards quickly.
Shutdown experiences... oh my, where to start?
I had 5 cards with Chase, sold a total of 10 slots on two cards in a year and a half. Chase did not approve, so they shut down all of my cards. Over $85k in credit limit gone like a fart in the wind.
Bank of America - also had 5 cards with $42k in credit. Sold 9 slots in about the same time period as Chase. Shut down all five cards.
Capital One - my oldest card (2004) was restricted after 3 slots sold. I assumed the card was going to be shut down, so I just let it go. After a year of it being restricted, I called in and spent a half hour on the phone, but was able to get the restriction lifted. Didn't sell any more slots on that card. Got a Venture card in 2017 and sold two slots on it before it was just shut down. Oldest card is still open though.
Citi has never given me any grief - I do have to go to their fraud department occasionally to verify I'm me, and I hate calling them in. Barclay is never a problem, PNC, Associated Bank, AmEx, no issues.
Moral of the story though, Chase and Bank of America will shut down ALL of your cards. If they make up a larger percentage of your total available credit limit, I would think twice before selling on them. For me, the loss of over $100k in credit limit sucked, but I still have over $400k in available credit so I'm good.
Shutdown experiences... oh my, where to start?
I had 5 cards with Chase, sold a total of 10 slots on two cards in a year and a half. Chase did not approve, so they shut down all of my cards. Over $85k in credit limit gone like a fart in the wind.
Bank of America - also had 5 cards with $42k in credit. Sold 9 slots in about the same time period as Chase. Shut down all five cards.
Capital One - my oldest card (2004) was restricted after 3 slots sold. I assumed the card was going to be shut down, so I just let it go. After a year of it being restricted, I called in and spent a half hour on the phone, but was able to get the restriction lifted. Didn't sell any more slots on that card. Got a Venture card in 2017 and sold two slots on it before it was just shut down. Oldest card is still open though.
Citi has never given me any grief - I do have to go to their fraud department occasionally to verify I'm me, and I hate calling them in. Barclay is never a problem, PNC, Associated Bank, AmEx, no issues.
Moral of the story though, Chase and Bank of America will shut down ALL of your cards. If they make up a larger percentage of your total available credit limit, I would think twice before selling on them. For me, the loss of over $100k in credit limit sucked, but I still have over $400k in available credit so I'm good.
Curious question, were you able to re-apply for chase cards after this? Or are you banned form every gettign another Chase card again?
I haven't had any new orders recently. Relatively few orders since the beginning of the year. Have things slowed down? I wonder why.
My 25k 20 year old Chase gets 2 adds every 4 months like clockwork from old company.
I just got an add for my 22k Citi from old company.
I called and added them. The rep said @we’ll send the card to the AU address in 24-48 hours.
I asked them to send to my mailing address. Should I be worried they will send to AU anyway?
Should I alert the tradesline company?
If anyone ever hears of a new card going to the AU's address, please post about it here.
Question about Elan/Fidelity card. If they close it because you use it for tradelines, do they also close your Fidelity investment accounts?
Every once in a while in this thread we have someone say the rep was going to send the new card to the AU's address. As far as I know, it has NEVER happened, not even once. As I understand it, the credit card company is required to send AU cards to the owner's address. The only explanation is a clueless (or just new) rep.
Every once in a while in this thread we have someone say the rep was going to send the new card to the AU's address. As far as I know, it has NEVER happened, not even once. As I understand it, the credit card company is required to send AU cards to the owner's address. The only explanation is a clueless (or just new) rep.
My Chase rep was going to do that just now. Scared I may have given myself away with how badly I freaked out
LOL my thoughts exactly 😆Every once in a while in this thread we have someone say the rep was going to send the new card to the AU's address. As far as I know, it has NEVER happened, not even once. As I understand it, the credit card company is required to send AU cards to the owner's address. The only explanation is a clueless (or just new) rep.
My Chase rep was going to do that just now. Scared I may have given myself away with how badly I freaked out
Haha
Please only add this AU if you know and trust them. Ok.
Be aware you will be solely responsible for all charges the AU makes. Ok, that's fine.
Ok we are sending the card to the AU address. OH DEAR GOD NO!!!!!!
Is anyone having trouble with Barclay's AUs showing up? I am not seeing the tradeline show-up for some AUs I have recently added. All were added online without a SSN. Thanks!
So far, so good. I just checked. All of my recent AU's are still listed.
I've ran into this before. Log back and and back in. You may have to do this several times to get into a session where they are not having a bug in the system to see the Services -> Authorized Users section. Call Customer service a few times and they will be able to confirm that your users are there. I say "a few times" because you want to make sure as some of their CSR's are not trained well or are learning.
~~~PSA~~~Uh oh, the NFL card is one that I’m seasoning for future trade lines. Anyone have thoughts on what to do here? Should I try to product change to stay with Barclays? Or just let my card move to Comenity?
If anyone has the NFL Extra card from Barclays, it is moving to Comenity. I had a pop-up when I logged into that card on barclay's site. It is going to happen in late April (at least for me).
~~~PSA~~~
Dang! I just called Barclays and they told me I could not move my Barclays NFL card to another Barclay card! ugh!I got the same response. I think my only option is to shift the amount to a different card. But I lose out on all the time I spent aging the NFL card.
I can move some of the credit over to my other Barclay card (it's called "View") but that card is still aging (1 1/2 years old).
I may call back later and see if another rep will give me a different answer.
Oh Well. My old Chase card just got closed. I did call with a story and they asked if I would want them to reconsider using my story and I said yes. If it's re-instated, I won't sell tradelines on it again as it's one of my oldest cards. If it isn't, oh well.
Oh Well. My old Chase card just got closed. I did call with a story and they asked if I would want them to reconsider using my story and I said yes. If it's re-instated, I won't sell tradelines on it again as it's one of my oldest cards. If it isn't, oh well.
What kind of story?
Oh Well. My old Chase card just got closed. I did call with a story and they asked if I would want them to reconsider using my story and I said yes. If it's re-instated, I won't sell tradelines on it again as it's one of my oldest cards. If it isn't, oh well.
What kind of story?
Also, can you confirm if they close all your accounts, or just the one credit card account that you were selling tradelines on?
Quick question but what is the *typical* payout schedule for you guys based on? Is it based on 2 months (or whatever) from the date you confirmed adding the user OR do all the companies only pay you 2 months from the post date?
I added an AU with a company back on 11/27 and just asked them about payment and they told me this AU didn't post first cycle, implying that I'm not going to get paid this month... I'm a bit confused.
Old Company pays regularly on the last (business?) day of the month following the month in which the AU was added. So a user added today with Old Company would get paid on 2/28. Sometimes even a day or two earlier.
I haven't dealt with New Company recently. Last I did, they paid eventually but it could be months and months and required frequent hounding.
Quick question but what is the *typical* payout schedule for you guys based on? Is it based on 2 months (or whatever) from the date you confirmed adding the user OR do all the companies only pay you 2 months from the post date?
I added an AU with a company back on 11/27 and just asked them about payment and they told me this AU didn't post first cycle, implying that I'm not going to get paid this month... I'm a bit confused.
Old Company pays regularly on the last (business?) day of the month following the month in which the AU was added. So a user added today with Old Company would get paid on 2/28. Sometimes even a day or two earlier.
I haven't dealt with New Company recently. Last I did, they paid eventually but it could be months and months and required frequent hounding.
Forgot to ask/follow-up but is it common practice for either company to pay a pro-rated amount if the user is kept on for X days or weeks after the last payment? I feel like one of the companies (not sure if it's new or old) is 'bleeding' days/weeks over pay periods before requesting that I drop the user(s). Unless that's normal... I'm not really sure how the whole timing of users on accounts and pay periods aligns.
Oh Well. My old Chase card just got closed. I did call with a story and they asked if I would want them to reconsider using my story and I said yes. If it's re-instated, I won't sell tradelines on it again as it's one of my oldest cards. If it isn't, oh well.
What kind of story?
Also, can you confirm if they close all your accounts, or just the one credit card account that you were selling tradelines on?
Regardless of CarJack's answer to this, it's fairly standard protocol that a bank will close all credit cards with you, not just the one in question. It goes without saying, only put up credit cards at stake that you're prepared to lose.
Oh Well. My old Chase card just got closed. I did call with a story and they asked if I would want them to reconsider using my story and I said yes. If it's re-instated, I won't sell tradelines on it again as it's one of my oldest cards. If it isn't, oh well.
What kind of story?
Also, can you confirm if they close all your accounts, or just the one credit card account that you were selling tradelines on?
Regardless of CarJack's answer to this, it's fairly standard protocol that a bank will close all credit cards with you, not just the one in question. It goes without saying, only put up credit cards at stake that you're prepared to lose.
Not necessarily the case. Chase and Bank of America both closed all of my cards (10 accounts in total between them). Capital One closed one card but left the other one open, and even approved me for another card in a very short time frame.
Follow-up on my Barclay card post a couple of days ago...
I did call Barclay again today to see if a different rep would give me a different answer regarding moving my NFL Extra Points card to a different Barclay card (i.e. upgrade or downgrade).
The 1st rep (two days ago) told my Nope, can't do it.
So I called today and did get a different answer.... sort of! The rep said Yes I do see you can downgrade the card to a different Barclaycard, but I will have to transfer you to the Retention Dept. So Retention Rep tells me Nope, can't do it!
So it looks like I will be moving my the majority of my $30k credit to another Barclaycard that I have aging.... I will lose the 9 years aging on this NFL Extra Points card. Oh well.
I think I will leave $2000 or so on my soon-to-be Comenity card and then see if a TL company will take it.
Oh Well. My old Chase card just got closed. I did call with a story and they asked if I would want them to reconsider using my story and I said yes. If it's re-instated, I won't sell tradelines on it again as it's one of my oldest cards. If it isn't, oh well.
What kind of story?
Is it possible to sell tradelines using a mail forwarding service? I'm wondering about problems when cards show up in envelopes addressed to the tradeline purchaser.
Yep!
I was using TravelingMailbox.com
They only accept mail sent to the account holders' name, so cards sent to my name (for the AU), I had opened and then shredded, but if a card was sent in the AUs name, it was just sent back. I never had an issue with this, CC providers never said anything.
The upside was I never received any junk mail associated with AUs, it was discarded/returned to sender for me.
Was curious what I should do after adding an AU (via Discover over the phone) where they put down my address for the AU (rather than the AU's own address). I obviously get the card sent to my address so I can activate them etc but yesterday I got a letter addressed to one of my AUs with my address and it seems like it might be from a collections agency (not sure). In cases like this where I don't have mail forwarding etc setup, what should I do? Write "this person is not at this address", write in the address given to me by the tradeline co, and drop it back in the mail?
Was curious what I should do after adding an AU (via Discover over the phone) where they put down my address for the AU (rather than the AU's own address). I obviously get the card sent to my address so I can activate them etc but yesterday I got a letter addressed to one of my AUs with my address and it seems like it might be from a collections agency (not sure). In cases like this where I don't have mail forwarding etc setup, what should I do? Write "this person is not at this address", write in the address given to me by the tradeline co, and drop it back in the mail?
Was curious what I should do after adding an AU (via Discover over the phone) where they put down my address for the AU (rather than the AU's own address). I obviously get the card sent to my address so I can activate them etc but yesterday I got a letter addressed to one of my AUs with my address and it seems like it might be from a collections agency (not sure). In cases like this where I don't have mail forwarding etc setup, what should I do? Write "this person is not at this address", write in the address given to me by the tradeline co, and drop it back in the mail?
Was curious what I should do after adding an AU (via Discover over the phone) where they put down my address for the AU (rather than the AU's own address). I obviously get the card sent to my address so I can activate them etc but yesterday I got a letter addressed to one of my AUs with my address and it seems like it might be from a collections agency (not sure). In cases like this where I don't have mail forwarding etc setup, what should I do? Write "this person is not at this address", write in the address given to me by the tradeline co, and drop it back in the mail?
For discover you can add it online, including SSN and address. I just added one 5 minutes ago. Even if you use their address instead of yours, they will get mixed up with your address and you will get mail addressed to them at your address. Sending it back is a waste of time because they just keep coming. Anything that comes addressed to an AU (besides the initial card) goes straight into the garbage. I don't bother sending anything back, or even checking if it's important. If my neighbor's mail is accidentally delivered I will deliver it myself, or send it back, but anything addressed to an AU or an unknown name at my address goes straight in the trash.
Sort of on a similar theme, I was wondering about not receiving the initial card addressed to me but in the AU’s name. I saw it on my daily usps informed delivery, but it wasn’t delivered. I’ve noticed a lot of junk mail to the AU’s not being delivered (don’t mind that), but not the initial credit card.
I don’t activate the cards anyway, but a little concerned a card is out there in the wild.
Sort of on a similar theme, I was wondering about not receiving the initial card addressed to me but in the AU’s name. I saw it on my daily usps informed delivery, but it wasn’t delivered. I’ve noticed a lot of junk mail to the AU’s not being delivered (don’t mind that), but not the initial credit card.
I don’t activate the cards anyway, but a little concerned a card is out there in the wild.
This is more of an issue for those issuers who send cards which are already activated. Hard to believe this actually happens but it does.
Sort of on a similar theme, I was wondering about not receiving the initial card addressed to me but in the AU’s name. I saw it on my daily usps informed delivery, but it wasn’t delivered. I’ve noticed a lot of junk mail to the AU’s not being delivered (don’t mind that), but not the initial credit card.
I don’t activate the cards anyway, but a little concerned a card is out there in the wild.
This is more of an issue for those issuers who send cards which are already activated. Hard to believe this actually happens but it does.
Which issuers are those? None of the issuers I use do that (Barclays, Citi, Chase, BofA, USBank, CapOne). At least, they all have stickers and card activation web pages that act like they're working.
Sort of on a similar theme, I was wondering about not receiving the initial card addressed to me but in the AU’s name. I saw it on my daily usps informed delivery, but it wasn’t delivered. I’ve noticed a lot of junk mail to the AU’s not being delivered (don’t mind that), but not the initial credit card.
I don’t activate the cards anyway, but a little concerned a card is out there in the wild.
This is more of an issue for those issuers who send cards which are already activated. Hard to believe this actually happens but it does.
Which issuers are those? None of the issuers I use do that (Barclays, Citi, Chase, BofA, USBank, CapOne). At least, they all have stickers and card activation web pages that act like they're working.
Both PNC and the one Elan card I have do this. The card number, expiration date, and security code are identical to my card. The only difference is the individual's name on the front.
I've gotten a few Collection Agency letters for my AU.
I have had one guy show up trying to server papers to an AU.
And another time a repo guy (I assume) showed up in a tow truck and asked me if Mr. AU lived here or if I knew him. Ugh!!!
Yes the two sellers I work with keep my elans full.are you working with the companies arebelspy recommends here (the old company and the new one)?
I work with different companies. Not as vetted as the ones recommended here but they keep my cards full and have confidence after working with both for a couple of years.Can I PM you and ask more about it?
Sort of on a similar theme, I was wondering about not receiving the initial card addressed to me but in the AU’s name. I saw it on my daily usps informed delivery, but it wasn’t delivered. I’ve noticed a lot of junk mail to the AU’s not being delivered (don’t mind that), but not the initial credit card.
I don’t activate the cards anyway, but a little concerned a card is out there in the wild.
This is more of an issue for those issuers who send cards which are already activated. Hard to believe this actually happens but it does.
Which issuers are those? None of the issuers I use do that (Barclays, Citi, Chase, BofA, USBank, CapOne). At least, they all have stickers and card activation web pages that act like they're working.
Both PNC and the one Elan card I have do this. The card number, expiration date, and security code are identical to my card. The only difference is the individual's name on the front.
Thanks. My PNC and Elan cards are aging currently. ;-)
Do they come with activation stickers? Chase and BofA both have recently sent me AU cards with the AU's name but the same card number, expiration date, and security code on them as mine, *and* activation stickers. I activated them and it seemed like something happened.
Although it wouldn't surprise me if the AU card worked without being activated. I have never tried; I just sockdrawer them when they arrive and shred them after removing the AU.
Speaking of Elan, is anyone selling tradelines on their Elan card? Mine just aged and I asked the new company to add it to my cards and they said they no longer accept Elan cards because Elan doesn't report any more.
Is calling the only way to remove for Citi? I couldn't find a method online, and I've been on the call for at least 20 minutes answering security questions and they're having difficulty removing people.
Even if there isn't a specific way to remove an AU online, you generally can send them a secure message and just write a short note asking them to remove Jane Doe as an AU on your account. They should reply in a day or two saying the person has been removed. From my notes it looks like Citi does this.
I personally wait until I get the confirmation message back before marking the AU removed with the TL company.
Is calling the only way to remove for Citi? I couldn't find a method online, and I've been on the call for at least 20 minutes answering security questions and they're having difficulty removing people.
Even if there isn't a specific way to remove an AU online, you generally can send them a secure message and just write a short note asking them to remove Jane Doe as an AU on your account. They should reply in a day or two saying the person has been removed. From my notes it looks like Citi does this.
I personally wait until I get the confirmation message back before marking the AU removed with the TL company.
I don't see a way to send Citi a secure message. Am I blind? The only things available are via chat or phone. And on the app I also have the additional option of a physical mailing address.
Same experience with Citi - PITA to add, dropping them is quick and painless. The only new cards I'm getting are Barclay at this point - no one makes it easier to add/remove users than them. That said, I still sell quite a few on my Elan, PNC, Discover, Citi, and AmEx cards (before anyone asks, I also use two other companies that I've been working with for several years now).
Same experience with Citi - PITA to add, dropping them is quick and painless. The only new cards I'm getting are Barclay at this point - no one makes it easier to add/remove users than them. That said, I still sell quite a few on my Elan, PNC, Discover, Citi, and AmEx cards (before anyone asks, I also use two other companies that I've been working with for several years now).
I'm surprised there isn't more mention of Cap One cards. I've been selling out spots on P2s Cap One Card for years without a single reporting issue. Adding and removing is just as if not easier than Barclays. I have not run into any limits either on total number of AUs. I've been seasoning more Cap One cards for future tradelines. I get good use out of their SUBs as well.
Same experience with Citi - PITA to add, dropping them is quick and painless. The only new cards I'm getting are Barclay at this point - no one makes it easier to add/remove users than them. That said, I still sell quite a few on my Elan, PNC, Discover, Citi, and AmEx cards (before anyone asks, I also use two other companies that I've been working with for several years now).
I'm surprised there isn't more mention of Cap One cards. I've been selling out spots on P2s Cap One Card for years without a single reporting issue. Adding and removing is just as if not easier than Barclays. I have not run into any limits either on total number of AUs. I've been seasoning more Cap One cards for future tradelines. I get good use out of their SUBs as well.
Cap One is great if they don't shut you down. Glad you've had good experience with them! I added a total of 4 users over a year on one card before it was restricted. Took me another year before they lifted the restriction on it. The next card I tried using, they closed the account after one AU. I have never had any issues with Barclay restricting or closing an account, even when adding 6 users in a cycle.
+1 to this. Cap One was great for me, but then they shut me down. I had 2 cards, and both were restricted despite me only selling tradelines on one of them. They asked me for some documents, which I sent them and then they permanently closed the accounts anyways because they said they couldn't accept the documents I sent them and refused to tell me exactly what was wrong with them, or how to correct them. From what I've been told, this is their pattern. They make you send documents and then just say the documents aren't sufficient, so they have a "reason" to shut you down.
+1 to this. Cap One was great for me, but then they shut me down. I had 2 cards, and both were restricted despite me only selling tradelines on one of them. They asked me for some documents, which I sent them and then they permanently closed the accounts anyways because they said they couldn't accept the documents I sent them and refused to tell me exactly what was wrong with them, or how to correct them. From what I've been told, this is their pattern. They make you send documents and then just say the documents aren't sufficient, so they have a "reason" to shut you down.
Have you tried talking to a lawyer? Seems like a shady practice to me and could be illegal.
+1 to this. Cap One was great for me, but then they shut me down. I had 2 cards, and both were restricted despite me only selling tradelines on one of them. They asked me for some documents, which I sent them and then they permanently closed the accounts anyways because they said they couldn't accept the documents I sent them and refused to tell me exactly what was wrong with them, or how to correct them. From what I've been told, this is their pattern. They make you send documents and then just say the documents aren't sufficient, so they have a "reason" to shut you down.
Have you tried talking to a lawyer? Seems like a shady practice to me and could be illegal.
Haven't tried and don't want to. Not worth the time.
Same experience with Citi - PITA to add, dropping them is quick and painless. The only new cards I'm getting are Barclay at this point - no one makes it easier to add/remove users than them. That said, I still sell quite a few on my Elan, PNC, Discover, Citi, and AmEx cards (before anyone asks, I also use two other companies that I've been working with for several years now).
I'm surprised there isn't more mention of Cap One cards. I've been selling out spots on P2s Cap One Card for years without a single reporting issue. Adding and removing is just as if not easier than Barclays. I have not run into any limits either on total number of AUs. I've been seasoning more Cap One cards for future tradelines. I get good use out of their SUBs as well.
Cap One is great if they don't shut you down. Glad you've had good experience with them! I added a total of 4 users over a year on one card before it was restricted. Took me another year before they lifted the restriction on it. The next card I tried using, they closed the account after one AU. I have never had any issues with Barclay restricting or closing an account, even when adding 6 users in a cycle.
Yep I had great luck with my 12 year old Cap One card with $30k CL.
I started selling AU's with it in 2018 and I was selling 2 spots every 2 months at $350 per AU... for a period of about 2 years.
Then in June of 2020 out of the blue. CapOne emailed me and said they were lowering my CL from $30,000 to $10,000 because I wasn't spending much on the card.
So my AU commission went from $350 to $200 per AU. Started selling well for a few months but then BAMM!!! In Aug 2020, they closed my account without warning. Ugh!
That was such a bummer because that was my best card, making approx $700 every 2 months!
Then about 6 months later, later I got an email ad from Cap One saying I was pre-approved for a card and so I enrolled and got the card w/ a $30,000
Oh well, I'll season it a bit longer then put it up for tradelines.
In terms of posting correctly does it matter whether or not you activate the new cards for the AUs?I've never activated a single card.
In terms of posting correctly does it matter whether or not you activate the new cards for the AUs?
Same experience with Citi - PITA to add, dropping them is quick and painless. The only new cards I'm getting are Barclay at this point - no one makes it easier to add/remove users than them. That said, I still sell quite a few on my Elan, PNC, Discover, Citi, and AmEx cards (before anyone asks, I also use two other companies that I've been working with for several years now).
I'm surprised there isn't more mention of Cap One cards. I've been selling out spots on P2s Cap One Card for years without a single reporting issue. Adding and removing is just as if not easier than Barclays. I have not run into any limits either on total number of AUs. I've been seasoning more Cap One cards for future tradelines. I get good use out of their SUBs as well.
Cap One is great if they don't shut you down. Glad you've had good experience with them! I added a total of 4 users over a year on one card before it was restricted. Took me another year before they lifted the restriction on it. The next card I tried using, they closed the account after one AU. I have never had any issues with Barclay restricting or closing an account, even when adding 6 users in a cycle.
Hmmm, well that's good to know. Her card is 17 years old so not sure if that has any bearing. Been selling out spots since 2017, so almost 5 years. She also has 2 other Cap One cards that we don't put AU's on and a checking account that's been open for several years. Perhaps that factors in? I have no idea.
I had 4 Barclay cards I was seasoning until they converted the NFL cards. Damnit!! I wish Barclays had better SUBs. Waiting a couple years to reap the benefits of getting approved kind of sucks. Ah well, first world problems ( :
Has anyone had any luck marketing and selling their cards independently (ie on Facebook groups, other message boards, etc)? Would love to get more info on this.
In terms of posting correctly does it matter whether or not you activate the new cards for the AUs?
Amex claims on the activation sticker that they will cancel the card if you don't activate it . . . not sure how long it would be before they cancel. I activate those.
Has anyone had any luck marketing and selling their cards independently (ie on Facebook groups, other message boards, etc)? Would love to get more info on this.
In terms of posting correctly does it matter whether or not you activate the new cards for the AUs?
Amex claims on the activation sticker that they will cancel the card if you don't activate it . . . not sure how long it would be before they cancel. I activate those.
Amex is all over the place. They make me create a new unique account for every AU card they send me in order to activate it. Last time they required a new unique phone number to finish creating the account, so I couldn't finish setting it up as I have no more phone numbers and they wouldn't accept mine. That one never ended up posting because they wouldn't let me activate the card without a unique phone number. The last couple amex AU they never even sent the card, even though I went back to the website and requested they resend the card on account of it never arriving. They never did send it no matter how many times I requested. Those still posted though.
Has anyone had any luck marketing and selling their cards independently (ie on Facebook groups, other message boards, etc)? Would love to get more info on this.
I have done a few sales to people I know (tenants, friends, etc.) and a few friends of my wife's niece. I just charged what my normal commission would be, so they get a deal vs. going through a tradeline company. Also added my kids, sister, BIL just to help with their scores. Too much of a PITA to try to actively recruit users, but if the subject comes up in conversation I'll put it out there.
Has anyone had any luck marketing and selling their cards independently (ie on Facebook groups, other message boards, etc)? Would love to get more info on this.
I have done a few sales to people I know (tenants, friends, etc.) and a few friends of my wife's niece. I just charged what my normal commission would be, so they get a deal vs. going through a tradeline company. Also added my kids, sister, BIL just to help with their scores. Too much of a PITA to try to actively recruit users, but if the subject comes up in conversation I'll put it out there.
Just out of curiosity, did you find out what kind of bump this provided to their credit scores? 20 points, 50 points? Was it a larger bump if they had a lower score to begin with?
In terms of posting correctly does it matter whether or not you activate the new cards for the AUs?
Amex claims on the activation sticker that they will cancel the card if you don't activate it . . . not sure how long it would be before they cancel. I activate those.
Amex is all over the place. They make me create a new unique account for every AU card they send me in order to activate it. Last time they required a new unique phone number to finish creating the account, so I couldn't finish setting it up as I have no more phone numbers and they wouldn't accept mine. That one never ended up posting because they wouldn't let me activate the card without a unique phone number. The last couple amex AU they never even sent the card, even though I went back to the website and requested they resend the card on account of it never arriving. They never did send it no matter how many times I requested. Those still posted though.
My experience selling AMEX is really strange. initially, in my first few adds, they would ask me to create a new online account for the new user when I tried to confirm receipt of the card. I never did that. For my next few adds, they stopped asking me to create a new online account and asked me to verify my date of birth (mine, not the AU's) before confirming the card. Then, for my next group of users, they switched it up, and started asking for the AU's date of birth.
even on this very thread, I've seen people share different interactions for doing AMEX adds.
Padonak, I would not close the Barclay's card, I would open a new one first, then call and ask if you can transfer the credit line from the old card, to the newer one. I have done this twice. One time I closed the old card, that maxed out of authorized users, and they let me re open so I could transfer the credit line to the new card. But that was like next day after closing the account. I always changed from one product to another like from jet blue card to American airlines card. Good luck.
Padonak, I would not close the Barclay's card, I would open a new one first, then call and ask if you can transfer the credit line from the old card, to the newer one. I have done this twice. One time I closed the old card, that maxed out of authorized users, and they let me re open so I could transfer the credit line to the new card. But that was like next day after closing the account. I always changed from one product to another like from jet blue card to American airlines card. Good luck.
Is there a reason you want to close the old Barclays cards? I maxed out the AU slots on one of my Barclays cards, but transferred the credit limit and just left it open.
I'd imagine that leaving it open only helps the "age of credit" factor in credit reporting, and I can't think of any downside of leaving it open.
Question about applying for a new Barclaycard. Is there a minimum time you need to wait between closing an existing card with Barclays and applying for a new one? It says 6 months is recommended on the Points Guy Website https://thepointsguy.com/guide/credit-card-application-restrictions/ but also on another site it says the 6 month rule only applies if you apply for the same card you closed before https://www.uponarriving.com/barclays-application-rules-guide/
Has anyone opened a new card shortly after closing an old one? Any other restrictions to be aware of?
I got an “Authorized user not added, the information you entered is not correct, contact our customer service dept asap…” when I tried to add my most recent AU for my Barclays card.
Is this the kind of message you get when you reach your max AU limit, or just a glitch for whatever reason when I tried to add them? I tried an hour later and got the same message (and I am sure I answered the challenge questions correctly).
Just curious if you know exactly how many people you have added to hit the limit? I maxed out TD bank with 30 users and Barclays I don’t recall exactly but I believe it was around 35 users.Yep, according to my records, the failed add was #36. Bummer. I only got a recent Barclays to season earlier this year.
A couple of general questions:
What are the most common reasons people buy tradelines and what do you think the % of total orders is for each reason?
-Getting a mortgage
-Getting an auto loan
-Renting an apartment or house
-Other reasons?
How do you think the rising interest rates will impact (or already are impacting) tradeline sales? If the most common reason is getting a mortgage, demand for tradelines will probably decline considerably. On the other hand, if it's boosting your credit score to rent a place, it will probably stay the same or even increase. Auto loans are probably somewhere in between.
A couple of general questions:
What are the most common reasons people buy tradelines and what do you think the % of total orders is for each reason?
-Getting a mortgage
-Getting an auto loan
-Renting an apartment or house
-Other reasons?
How do you think the rising interest rates will impact (or already are impacting) tradeline sales? If the most common reason is getting a mortgage, demand for tradelines will probably decline considerably. On the other hand, if it's boosting your credit score to rent a place, it will probably stay the same or even increase. Auto loans are probably somewhere in between.
I think the reasons are probably a mixture of all the above, and if I were to guess, highly biased towards auto loans.
What I’m more concerned about wrt tradelines in the current climate, if credit scores and loan practices are deemed “unfair to certain populations”, credit scores could be legislated out, or made to have a much lower bearing on securing loans, which would pretty much put a wet blanket on our party here.
A couple of general questions:
What are the most common reasons people buy tradelines and what do you think the % of total orders is for each reason?
-Getting a mortgage
-Getting an auto loan
-Renting an apartment or house
-Other reasons?
How do you think the rising interest rates will impact (or already are impacting) tradeline sales? If the most common reason is getting a mortgage, demand for tradelines will probably decline considerably. On the other hand, if it's boosting your credit score to rent a place, it will probably stay the same or even increase. Auto loans are probably somewhere in between.
Tons of people have had that issue with the new company. I stopped using them entirely and only use the old company because they are so much better with payments. Never a problem with the old company; everything shows in the portal, and pays on time, every time.
I got an “Authorized user not added, the information you entered is not correct, contact our customer service dept asap…” when I tried to add my most recent AU for my Barclays card.
Is this the kind of message you get when you reach your max AU limit, or just a glitch for whatever reason when I tried to add them? I tried an hour later and got the same message (and I am sure I answered the challenge questions correctly).
I’ve sold a ton of Amex but with a different company (literally filled one up with 99 over the course of the year) but most brokers will stack with another TL that has age since Amex only reports the CL.Is Amex 99/ year and resets, or is it 99 and then it’s done?
It must have been a glitch…I just added an AU and it worked fine. So that’s #36. But I’m sure my days are numbered with this card.I got an “Authorized user not added, the information you entered is not correct, contact our customer service dept asap…” when I tried to add my most recent AU for my Barclays card.
Is this the kind of message you get when you reach your max AU limit, or just a glitch for whatever reason when I tried to add them? I tried an hour later and got the same message (and I am sure I answered the challenge questions correctly).
I got this message last time I added 2 AUs to Barclays. The problem seemed to be glitchy and worked itself out when I logged out and in.
The new company is calledSpoiler: show
the old company begins with B
I think 99 and done on AMEX not 100 percent sure.
The new company is calledSpoiler: show
the old company begins with B
I think 99 and done on AMEX not 100 percent sure.
Thanks! Then I am with the new company. Not a lot of sales. And I always have to chase down the payments.
The new company is calledSpoiler: show
the old company begins with B
I think 99 and done on AMEX not 100 percent sure.
Thanks! Then I am with the new company. Not a lot of sales. And I always have to chase down the payments.
I kept a couple cards with the new company as they did seem to get more sales than with the old company. They absolutely won't pay unless you hound them. I once refused to execute an AU order because they were months over due on paying me and wouldn't respond to my emails. I thought maybe after that they would be a bit more diligent with their payments. Nope, I was wrong. I just pulled those couple of cards from them. Part of me wonders if they purposefully don't pay hoping you forget.
they should no longer be one of the vetted recommendations, and instead only be recommended as a secondary option if the old company can't take a specific card
If there was a credit score rating for tradeline companies, New company would need to buy some tradelines.
Never have been even slightly interested in trying them, based on what I read here.
Has anyone had any luck marketing and selling their cards independently (ie on Facebook groups, other message boards, etc)? Would love to get more info on this.
I have done a few sales to people I know (tenants, friends, etc.) and a few friends of my wife's niece. I just charged what my normal commission would be, so they get a deal vs. going through a tradeline company. Also added my kids, sister, BIL just to help with their scores. Too much of a PITA to try to actively recruit users, but if the subject comes up in conversation I'll put it out there.
Just out of curiosity, did you find out what kind of bump this provided to their credit scores? 20 points, 50 points? Was it a larger bump if they had a lower score to begin with?
This depends on what makes up their credit score. Chase just shut down my card for obvious tradeline activity. It was over 20 years old with a $20k limit. My son is a long time AU in order to boost his credit score. When reported, my score went down literally one point. His went down 30 points because he lacks the credit available (mine is over $300k) and age in market. He actually has the advantage of car loans. My credit reports (discover, cap one, credit union) always say that a lack of installment loans is what's holding me back from a higher score. I'll live with my 829.
Citi is such a pain in the ass to add AU. I just spent 45 minutes on the phone with them. They finally got the AU added to the account, but are unable to send a card. I said I would call back to get the card sent, but if they are on the account I will just leave it since I don't need the card. I will likely be over an hour total on the phone by the time they are removed.
This depends on what makes up their credit score. Chase just shut down my card for obvious tradeline activity. It was over 20 years old with a $20k limit. My son is a long time AU in order to boost his credit score. When reported, my score went down literally one point. His went down 30 points because he lacks the credit available (mine is over $300k) and age in market. He actually has the advantage of car loans. My credit reports (discover, cap one, credit union) always say that a lack of installment loans is what's holding me back from a higher score. I'll live with my 829.
How many AUs did you add approximately to that Chase card and over what period of time? Was there a particular reason they closed your account now, such as adding too many AUs recently at the same time? Did they close all your other accounts too?
Citi is such a pain in the ass to add AU. I just spent 45 minutes on the phone with them. They finally got the AU added to the account, but are unable to send a card. I said I would call back to get the card sent, but if they are on the account I will just leave it since I don't need the card. I will likely be over an hour total on the phone by the time they are removed.
I've had this happen several times. Probably 3 out of 4 I get a message they can't send a card. I've never done anything about it, the AUs post just fine without it.
Just started adding AU’s to citi. Any tips to the easiest way to remove them? Someone committed earlier that removing them is easier than adding them.
The new company is calledSpoiler: show
the old company begins with B
I think 99 and done on AMEX not 100 percent sure.
Just started adding AU’s to citi. Any tips to the easiest way to remove them? Someone committed earlier that removing them is easier than adding them.
I may take the plunge with TD Bank. I already have a Discover card. They have annual limits on AUs now though. I don't mind calling if the call is relatively quick and painless and I'm not passed around to fraud departments etc.
Thanks for the suggestions.
Edit: NM, I'm not within their footprint ) :
I may take the plunge with TD Bank. I already have a Discover card. They have annual limits on AUs now though. I don't mind calling if the call is relatively quick and painless and I'm not passed around to fraud departments etc.
Thanks for the suggestions.
Edit: NM, I'm not within their footprint ) :
I might be mistaken but I think the target credit card is available nationwide, is TD and works for TLs.
I may take the plunge with TD Bank. I already have a Discover card. They have annual limits on AUs now though. I don't mind calling if the call is relatively quick and painless and I'm not passed around to fraud departments etc.
Thanks for the suggestions.
Edit: NM, I'm not within their footprint ) :
I might be mistaken but I think the target credit card is available nationwide, is TD and works for TLs.
For those who have Care Credit: how do you make occasional purchases to keep the card open? I tried using it at a doctor's office and they didn't accept it. Is there a way to use it online, maybe make a small purchase like vitamins, etc? I need to make a purchase within the next couple of months to keep it open.
For those who have Care Credit: how do you make occasional purchases to keep the card open? I tried using it at a doctor's office and they didn't accept it. Is there a way to use it online, maybe make a small purchase like vitamins, etc? I need to make a purchase within the next couple of months to keep it open.
I have a 40 k limit on my American Express card, can anyone tell me how much you are getting per user on amex? I only get ten dollars for the 12k amex.
For those who have Care Credit: how do you make occasional purchases to keep the card open? I tried using it at a doctor's office and they didn't accept it. Is there a way to use it online, maybe make a small purchase like vitamins, etc? I need to make a purchase within the next couple of months to keep it open.
Interesting @frugalnacho
So anything at Walgreens works in your experience?
If so, it might be an easy trick to print a photo for pickup. Quick and easy.
I got an “Authorized user not added, the information you entered is not correct, contact our customer service dept asap…” when I tried to add my most recent AU for my Barclays card.Well, I was able to add 2 more AUs since this rejection, but just got another fail, so I could be at the limit? We’ll see if it’s just a glitch again or permanent this time. I have had 37 AUs total added to this card so far.
Is this the kind of message you get when you reach your max AU limit, or just a glitch for whatever reason when I tried to add them? I tried an hour later and got the same message (and I am sure I answered the challenge questions correctly).
Interesting @frugalnacho
So anything at Walgreens works in your experience?
If so, it might be an easy trick to print a photo for pickup. Quick and easy.
For those who have Care Credit: how do you make occasional purchases to keep the card open? I tried using it at a doctor's office and they didn't accept it. Is there a way to use it online, maybe make a small purchase like vitamins, etc? I need to make a purchase within the next couple of months to keep it open.
When you say "occasional" do you mean once per month? It's not a matter of keeping it open; it's a matter of having it post to the AU's credit reports.
The TL companies advise making a small charge every month. The credit card companies don't report to the reporting bureaus if there is no balance, so it won't help the AU's score.
What are people's experience with TD Bank and/or NFCU for selling tradelines? Want to expand out a bit to some different cards to season. Just got a new Barclaycard. Still under 5/24 as I've mostly been opening biz cards the last couple years. Looking for a card that's as easy as Barclays and Cap One for adding/removing tradelines.
Interesting @frugalnacho
So anything at Walgreens works in your experience?
If so, it might be an easy trick to print a photo for pickup. Quick and easy.
So far. I've used it at the pharmacy. I also used it at the regular front register, and yeah it just seems to work like a credit card. I don't know how they would be able to differentiate between different types of items anyway. I was originally worried about that since it's supposed to be for doctors or health stuff, but I think they just have a merchant agreement with walgreens similar to how visa or MC would and you could just charge anything from the store. I've bought stamps, candy, OTC medication, and photos so far, and just used it as a credit card with no problems.
I have a Chase enrolled to old company. I get two adds like clock work every 4 months, add them online and haven’t had an issue.
I had two adds this past month and added them as usual. I received an email from old company asking if I added them. I received their cards, I carried a balance larger than $10.
Chase account in good standing, didn’t get shut down.
Not sure what happened with these last two adds.
Anyone else have a similar issue?
Wow, very long thread with lots of info :) Had a few questions on the current state of this hustle:
1) I see old company opened enrollment for cards in the second half of last year, received an overwhelming amount of responses, and hasn't sent out anything else since. Has the supply-side become saturated? Is it still possible to net 20-40k year as the OP mentioned was the case back in 2016?
2) The commission schedule outlined in the last announcement was peanuts for cards <2 years old (~25-$50 per) to the point where it doesn't even seem worth it to risk a lifetime shutdown. Is there anyway to make solid money on these as someone who's only been churning for a few years, or is it mostly a hustle for the seasoned vets here with many accounts open >10 years?
Wow, very long thread with lots of info :) Had a few questions on the current state of this hustle:I think @secondcor521 summed it up pretty well. I just wanted to add that I personally don't view this as "solid money." More just a side hustle to earn a little extra where the amount I earn can and does vary widely. Dry spells, cards getting shut down, etc. In other words I don't rely on the money. I treat all my side hustles that way with exception of my actual business.
1) I see old company opened enrollment for cards in the second half of last year, received an overwhelming amount of responses, and hasn't sent out anything else since. Has the supply-side become saturated? Is it still possible to net 20-40k year as the OP mentioned was the case back in 2016?
2) The commission schedule outlined in the last announcement was peanuts for cards <2 years old (~25-$50 per) to the point where it doesn't even seem worth it to risk a lifetime shutdown. Is there anyway to make solid money on these as someone who's only been churning for a few years, or is it mostly a hustle for the seasoned vets here with many accounts open >10 years?
How do you all get CL increases on new cards? I have a few with sub-$10k limits (e.g., $6k or $4k) that I've tried to get increased without success. In the past, I've had low utilization on the cards in question (which I think was cited reason for the denials), so I've now run up one card to about 50% and plan to call and ask for an increase. Does threatening to close the card help? I think I'll close it anyway if they refuse...maybe the decrease in total credit will make it easier to get other CL increased?
How do you all get CL increases on new cards? I have a few with sub-$10k limits (e.g., $6k or $4k) that I've tried to get increased without success. In the past, I've had low utilization on the cards in question (which I think was cited reason for the denials), so I've now run up one card to about 50% and plan to call and ask for an increase. Does threatening to close the card help? I think I'll close it anyway if they refuse...maybe the decrease in total credit will make it easier to get other CL increased?
Hey all,
Looking to get my next card for tradeline sales. Maybe bizarre for a churner but one card I'm looking at is the FNBO Best Western.
My current company doesn't accept FNBO tho. Do any of the other companies let you sell FNBO tradelines?
Hey all,
Looking to get my next card for tradeline sales. Maybe bizarre for a churner but one card I'm looking at is the FNBO Best Western.
My current company doesn't accept FNBO tho. Do any of the other companies let you sell FNBO tradelines?
According to my notes, neither of the companies recommended on this thread (Old Company and New Company) accept FNBO. For others TL companies, I suppose you would have to call and ask specifically.
As a side comment, what I personally have chosen to do is pick a TL company and then choose to apply for CCs that they work with, not the other way around. In my experience, the piggybacking income beats any actual CC bonuses and also usually beats SUBs in the long run. Although if you can get a SUB on a card then piggyback on it later, that's the sweet spot IMHO.
It seems I've been getting some pretty regular adds from the "new" company. Sigh. Do they ever actually pay without sending Cliff 10 emails, then copying Joe?
It seems I've been getting some pretty regular adds from the "new" company. Sigh. Do they ever actually pay without sending Cliff 10 emails, then copying Joe?
Not in my experience with them, which included 42 AUs over a 2.5 year time period.
It seems I've been getting some pretty regular adds from the "new" company. Sigh. Do they ever actually pay without sending Cliff 10 emails, then copying Joe?
Not in my experience with them, which included 42 AUs over a 2.5 year time period.
I pulled my cards from new company over two years ago. I don't know why anyone wouldn't.
It seems I've been getting some pretty regular adds from the "new" company. Sigh. Do they ever actually pay without sending Cliff 10 emails, then copying Joe?
It seems I've been getting some pretty regular adds from the "new" company. Sigh. Do they ever actually pay without sending Cliff 10 emails, then copying Joe?
Not in my experience with them, which included 42 AUs over a 2.5 year time period.
I pulled my cards from new company over two years ago. I don't know why anyone wouldn't.
I never call for Barclays. I do it online and add the name, DOB and address and it's always posted fine for me.Thank you!
I never call for Barclays. I do it online and add the name, DOB and address and it's always posted fine for me.Thank you!
The TL company doesn't matter, right?
I just had my first non-posting for an Amex AU with Old company. I added her back in April, activated the card with her soc number when it arrived. No idea why it didn't ever post!
I just had my first non-posting for an Amex AU with Old company. I added her back in April, activated the card with her soc number when it arrived. No idea why it didn't ever post!
I lost an Elan card to AU churning. It was years ago so I don't remember the details. But it was an active card, lots of AUs, eventually they got tired of it.
From the AU's perspective, though, I believe it was a good card, always posted, etc.
I have personally had BofA shut me down, and am very aware of Discover & Chase being super sensitive to AU churning. However, other than those 3 banks, I have seen very few repeat stories of shutdowns. Are you guys aware of any other banks that are sensitive to high velocity AU churning?
More specifically, does anyone have experience with Fidelity/Elan cards getting shutdown & Elan's general sensitivity to churning AUs? I saw 1 specific post here about the unfortunate soul who was shutdown by Elan on their first AU due to an operational error, but it seems like that's the only occurrence.
To be clear, I'm trying to make a list of banks/cards that I can list on more than 1 AU platform. I've been churning USBank pretty hard, and assume the Fidelity card should be safe too given Elan is part of USBank. Looks like Barclays is also pretty safe, and I just started double-listing it.
I ran into trouble once with USBank tradelines (which I had posted before). One day their fraud dept called me and asked about a specific AU. I believe, though it’s just a guess in my part, that that AU tried to apply for another card or other service from US Bank. Anyway, he was for some reason on their radar, and when the fraud dept agent looked at my account, they didn’t like seeing all those other AUs on my account (I think I had 6 at the time). I had to cancel all my AUs and promise not to do that again to keep my account.
About a year after that, to test the waters, I added my stepson as an AU to that account (hey, a legitimate AU!!!).
There were no issues with that, so I eventually added 2 slots on old company and so far have not had any problems. So while they did not outright cancel me, it has not been without issues with USBank, but they did appear to “forgive” me.
It was from one Tradeline company (not old or new company), in their experience 6 AU’s at a time we’re ok. These were added over the course of a couple months (for 3 month terms).
6 at once is pretty aggressive. Were you using 3 different AU platforms? or did you just forget to remove people?
Im a big fan of both USBank and Elan, because they let me cancel via secure message, hah. So fast/easy.
I know I have heard that when Chase shuts down and AU card, they shut down all of your cards.
But what about Capital One, Barclays and BOA? Do any/all of these cards just shut down the AU card?
I know I have heard that when Chase shuts down and AU card, they shut down all of your cards.
But what about Capital One, Barclays and BOA? Do any/all of these cards just shut down the AU card?
My TL orders stopped completely since early June, approximately when everybody started to panic about an upcoming recession, high inflation and rising interest rates. I wonder if that's related. Maybe less people applying for car loans and mortgages so less demand for TLs?Still going relatively strong. 5 new adds this month. Have 22 slots listed with leslie and only 7 slots open on them as of today. 4 of those 7 available slots are on new cards that I just added to the platform and havent reached their first billing date yet.
My TL orders stopped completely since early June, approximately when everybody started to panic about an upcoming recession, high inflation and rising interest rates. I wonder if that's related. Maybe less people applying for car loans and mortgages so less demand for TLs?
I know I have heard that when Chase shuts down and AU card, they shut down all of your cards.
But what about Capital One, Barclays and BOA? Do any/all of these cards just shut down the AU card?
I know I have heard that when Chase shuts down and AU card, they shut down all of your cards.
But what about Capital One, Barclays and BOA? Do any/all of these cards just shut down the AU card?
BoA shut down all my cards (4) at once. BAM, the end.
My TL orders stopped completely since early June, approximately when everybody started to panic about an upcoming recession, high inflation and rising interest rates. I wonder if that's related. Maybe less people applying for car loans and mortgages so less demand for TLs?Still going relatively strong. 5 new adds this month. Have 22 slots listed with leslie and only 7 slots open on them as of today. 4 of those 7 available slots are on new cards that I just added to the platform and havent reached their first billing date yet.
Pretty good for a so-called recession & rates going to the moon.
I was also able to list a few cards that the referred platforms wouldnt take with a competitor, and they surprised me with 2 sales in the first week (last week).
I know I have heard that when Chase shuts down and AU card, they shut down all of your cards.
But what about Capital One, Barclays and BOA? Do any/all of these cards just shut down the AU card?
BoA shut down all my cards (4) at once. BAM, the end.
Were you selling on all four, or a subset?
Anyone here by chance have a Gap credit card? They were previously serviced by Synchrony and recently switched over to Barclays... anyone know in these situations if the card/account would still be considered "seasoned" enough to proceed with adding AUs ?
Anyone here by chance have a Gap credit card? They were previously serviced by Synchrony and recently switched over to Barclays... anyone know in these situations if the card/account would still be considered "seasoned" enough to proceed with adding AUs ?
No experience with this specific card but if you check your credit history using Credit Karma or something similar, you can see the age of all your cards. If the age doesn't change for this one (it usually doesn't in this case), you can use it.
On a related note: are there any 'strategies' or methods for successfully getting a credit limit increase? Particularly in the case of Barclays and when they ask you how much more you'd like to add? My own Barclays I've got $5k on but I'm still in the seasoning period. I may have jumped the gun with my wife's Gap (Barclays now) as I requested $10k on a whim... her limit is currently $4800.
This is my wife's card and it shows 13~yrs but is associated with the old bank (Synchrony) so not sure.
On a related note: are there any 'strategies' or methods for successfully getting a credit limit increase? Particularly in the case of Barclays and when they ask you how much more you'd like to add? My own Barclays I've got $5k on but I'm still in the seasoning period. I may have jumped the gun with my wife's Gap (Barclays now) as I requested $10k on a whim... her limit is currently $4800.
Well, holy moly. I just tried to increase the credit limit on one of my Barclay Cards. They have an online process for this, but it came back with "An error occurred while processing your request. We apologize for any inconvenience." Then it said I could call a phone number for customer service and gave the same number on the back of my credit card.
This is where things get super sketch.
The customer service rep who answered asked me the normal questions (last four digits of card, last for digits of social, birthdate.) Then, though, he said he would not be able to assist with a credit line increase request himself, and that I needed to call another number for that. Ok, fine, I was half expecting that, and it was an 800 number. I wrote the number down and repeated it back to him to make sure I had recorded it correctly so I could call after hanging up.
This is where things get super sketch:
I called that new number, and the computer voice asked me if I was interested in a special offer to press one if I was over 50. Well, that's not normal. Huge red flag. So I pressed 1. And the new rep that answered went into this bizarre hard sell for a "medic alert bracelet."
Okay, well that's clearly fraud. I hanged up and dialed again to make sure I hadn't made a typo in dialing.
I hanged up again and called the number on my card to report it to their fraud department. Seems obvious that they have at least one corrupt customer service agent, if not an entire subcontract call center that is just a front for a scam call center.
Sheesh.
For Navy Federal, do you all use your address or call in and add an address? I do not see an address field in the online portal.
2. Your address will show up on the AU's credit report. This usually confuses the AU. If it bothers the AU they can dispute the address off their account. Some people might be concerned about an AU knowing where they live. It's a bit offputting to me, but not enough to do anything about it.
AMEX tip / data point:
When the card arrives and they ask you to activate it, there is a URL they provide. When I went to that URL, AMEX started asking me for the AU's full SSN and possibly some other info I didn't have.
There is also a QR code on the paper to which the card is affixed. When I went to that URL via my cell phone's QR reader, it was a similar AMEX login page, but it knew about me and the AU, and, in a clunky way, reflected that the AU's card was activated.
Point being, the QR code lets you avoid having to get the AU's SSN and ID and stuff. At least this one time, for me, it worked that way; I know people have been reporting a variety of AMEX AU behaviors here.
2. Your address will show up on the AU's credit report. This usually confuses the AU. If it bothers the AU they can dispute the address off their account. Some people might be concerned about an AU knowing where they live. It's a bit offputting to me, but not enough to do anything about it.
Yeah, if I could do it over again, I’d get a local mailbox services before starting tradelines…but yeah, still not bothered enough to do that now.
Do you guys call in to add AU for Elan or do you add online?
Do you guys call in to add AU for Elan or do you add online?Elan/Fidelity I always do online. Have never called this in. I also remove the AUs by sending private messages on the website.
Is this the message you get from Barclays when your card is maxed out on AUs (35 lifetime limit)?
"Authorized User not added. The information you entered is not correct."
Is this the message you get from Barclays when your card is maxed out on AUs (35 lifetime limit)?
"Authorized User not added. The information you entered is not correct."
I think the consensus is “yes”, but…I have been able to add 2 more AUs since receiving this message. I am nearing my AU limit though.
Is this the message you get from Barclays when your card is maxed out on AUs (35 lifetime limit)?
"Authorized User not added. The information you entered is not correct."
I think the consensus is “yes”, but…I have been able to add 2 more AUs since receiving this message. I am nearing my AU limit though.
I just tried on the next AU, a week or two later.
What resulted in your adding 2 more after getting the message? Did you just keep trying to submit the same AU repeatedly? or did you just wait for the next AU?
Is this the message you get from Barclays when your card is maxed out on AUs (35 lifetime limit)?
"Authorized User not added. The information you entered is not correct."
How is the "new company" these days? Have they cleaned up their act regarding non-payments? Do you have to chase them to get paid for every TL?
I am looking to increase my TL volume and considering registering some of my cards with them. I used to work with them but stopped a few years ago because some people mentioned payment problems. I don't recall ever having those problems myself but back then I didn't have a payment tracking spreadsheet so may have missed something.
I just wanted to add that I get a warm and fuzzy feeling when a previous TL 'client' gets a new credit card offer sent to this address. Good on her! Glad to have helped. Must say that only one of my clients is doing great by this indicator. (knowing that lacking one doesn't really mean anything). As I toss the junk into recycling, I say to myself, "Go <insert name>!!"
I might start writing "return to sender, not at this address" and sticking them back in the outgoing mail.
I have found I have to put a stamp on the return mail or it comes right back to my address.
I do burn anything that comes to keep all private AU info confidential.
Well, holy moly. I just tried to increase the credit limit on one of my Barclay Cards. They have an online process for this, but it came back with "An error occurred while processing your request. We apologize for any inconvenience." Then it said I could call a phone number for customer service and gave the same number on the back of my credit card.
This is where things get super sketch.
The customer service rep who answered asked me the normal questions (last four digits of card, last for digits of social, birthdate.) Then, though, he said he would not be able to assist with a credit line increase request himself, and that I needed to call another number for that. Ok, fine, I was half expecting that, and it was an 800 number. I wrote the number down and repeated it back to him to make sure I had recorded it correctly so I could call after hanging up.
This is where things get super sketch:
I called that new number, and the computer voice asked me if I was interested in a special offer to press one if I was over 50. Well, that's not normal. Huge red flag. So I pressed 1. And the new rep that answered went into this bizarre hard sell for a "medic alert bracelet."
Okay, well that's clearly fraud. I hanged up and dialed again to make sure I hadn't made a typo in dialing.
I hanged up again and called the number on my card to report it to their fraud department. Seems obvious that they have at least one corrupt customer service agent, if not an entire subcontract call center that is just a front for a scam call center.
Sheesh.
On an unrelated note, what's a good Barclay's card to start aging? My current card is doing great with the old company selling 3 slots every cycle but at this rate it will hit the max in another year or two. I'm looking at the UPromise card as I think I can link it to one of the 529 plans for my kids - and $0 annual fee ($100 cash back bonus). On the other hand, will that type of card be less likely to get a nice high credit limit compared to one with a ~$100 annual fee? The annual fee is a business expense, so I'm not too concerned about it. I don't have any need for a travel card as I almost never fly or stay at a hotel and that seems to be the majority of their other cards.
Has anyone had a card go into dormant status? I have a Discover card that I solely use for TL sales and put a $10+ balance on each month. After the statement cuts, I pay the balance. I generally sell both spots regularly with the old company. Today I received notification that neither of my AU's posted. I physically have cards for them and confirmed they are still AU's on my Discover online account. I went on Credit Karma and noticed Discover hasn't reported this card to the credit bureaus for two months. This apparently is called dormant status. Trying to figure out next steps to get the card posting again but hoping someone else has experienced this and can guide me.
Has anyone had a card go into dormant status? I have a Discover card that I solely use for TL sales and put a $10+ balance on each month. After the statement cuts, I pay the balance. I generally sell both spots regularly with the old company. Today I received notification that neither of my AU's posted. I physically have cards for them and confirmed they are still AU's on my Discover online account. I went on Credit Karma and noticed Discover hasn't reported this card to the credit bureaus for two months. This apparently is called dormant status. Trying to figure out next steps to get the card posting again but hoping someone else has experienced this and can guide me.
Usually having a statement closing balance of at least a few dollars is enough to have a card not go dormant.
Do you have statements with a balance each month? You sound pretty confident, so I'm disinclined to think that maybe you're paying it before the statement closes. Doing that would be a zero statement balance and that might not report to the credit bureaus.
Maybe it's a Discover thing? I've never had what you describe happen to me with any V/MC/AMEX.
My postman seems to be overzealous in not delivering mail with different names from our family. This is OK as it eliminates a lot of the AU junk mail, but now I am not receiving some of the initial cards. That doesn’t bother me so much (I have never ever activated an AU card, and have never had a posting problem) though somewhat worried about a card out there in the wild.
But it has caused a minor problem in that Citibank temporarily locked my account because they couldn’t deliver a card, and I needed to contact customer service to “update my address “.
I got on chat, and just verified my address, and the agent unlocked the account. But I am concerned this my reoccur, and if it keeps happening, they could dig deeper and start balking at all the AU activity.
I've got my first AU on a Chase card. Adding online was easy enough but I don't see a way to remove them online. There's a secure messaging portal but it has limited options - none of which are relevant. Do I just need to call in or am I missing something? It's a bit hard to look back through the thread at this point with a couple thousand posts.
I just started seasoning my next Barclay's card. So easy to add and remove online.
I only have one card left with the new company. A Discover. 3 weeks ago, Cliff said I'd get paid in 3 business days. Guess if I've been paid yet.
My discover just put up a note after taking my last AU saying that I've reached their limit and that I can't add another until December. This is going to be my chance to simply pull out of the new company, since they're not paying anyways.
I only have one card left with the new company. A Discover. 3 weeks ago, Cliff said I'd get paid in 3 business days. Guess if I've been paid yet.
My discover just put up a note after taking my last AU saying that I've reached their limit and that I can't add another until December. This is going to be my chance to simply pull out of the new company, since they're not paying anyways.
I'll never quite understand why they blatantly refuse to fix their payout system. Perhaps they just don't care? Maybe they purposefully keep it that way hoping folks forget? I would have certainly kept cards with them if they made any sort of effort to fix what's broken. Oh well.
Those who use USBank cards for TLs, can you add AUs online? I did it a few months ago but now when i try to do it online or through the app, i get a message that I need to call their number.
Apparently one of my BofA cards I'd been letting age is transferring to Comenity bank. I think the same bank just took one of my Barclay NFL Visa cards, and if I remember right, they're not great for tradeline sales. Anyone know any different?
Apparently one of my BofA cards I'd been letting age is transferring to Comenity bank. I think the same bank just took one of my Barclay NFL Visa cards, and if I remember right, they're not great for tradeline sales. Anyone know any different?
Yes, same here. Just read on DoC web site about a bank of america card moving over to comenity. I think it is the AAA card if I remember correctly.
NFL card went to them a few months ago (?) as well - maybe longer.
According to the nice lady at the good company, comenity does not work well. Hopefully, that will change.
Yay! I got paid by the new company today. Unamused in general, but money after nagging is better than no money.
Those who use USBank cards for TLs, can you add AUs online? I did it a few months ago but now when i try to do it online or through the app, i get a message that I need to call their number.
Those who use USBank cards for TLs, can you add AUs online? I did it a few months ago but now when i try to do it online or through the app, i get a message that I need to call their number.
I do it online by going to "Customer Service" and selecting "Self Serve" from the pull-down menu. Then select "Add an Authorized User."
Went to use my CapitalOne card this weekend and it was declined. It (along with my other card which hasn't been used for tradelines) shows in the mobile app as "This card is currently restricted". My bank accounts with them seem to be operating normally. I've been selling that tradeline for about 2 years and have made over $2,000, so it's hard to be too upset about it. We'll see what happens next, but expecting the cards will be closed entirely soon.
Went to use my CapitalOne card this weekend and it was declined. It (along with my other card which hasn't been used for tradelines) shows in the mobile app as "This card is currently restricted". My bank accounts with them seem to be operating normally. I've been selling that tradeline for about 2 years and have made over $2,000, so it's hard to be too upset about it. We'll see what happens next, but expecting the cards will be closed entirely soon.
Which TL company were you using?
Were you following all of the guidelines from the TL company?
How many AUs?
Max AUs at once?
Has anyone had a card go into dormant status? I have a Discover card that I solely use for TL sales and put a $10+ balance on each month. After the statement cuts, I pay the balance. I generally sell both spots regularly with the old company. Today I received notification that neither of my AU's posted. I physically have cards for them and confirmed they are still AU's on my Discover online account. I went on Credit Karma and noticed Discover hasn't reported this card to the credit bureaus for two months. This apparently is called dormant status. Trying to figure out next steps to get the card posting again but hoping someone else has experienced this and can guide me.
Has anyone had a card go into dormant status? I have a Discover card that I solely use for TL sales and put a $10+ balance on each month. After the statement cuts, I pay the balance. I generally sell both spots regularly with the old company. Today I received notification that neither of my AU's posted. I physically have cards for them and confirmed they are still AU's on my Discover online account. I went on Credit Karma and noticed Discover hasn't reported this card to the credit bureaus for two months. This apparently is called dormant status. Trying to figure out next steps to get the card posting again but hoping someone else has experienced this and can guide me.
Hey Dan, I had the same thing happen to my Discover card with no reporting on Credit Karma. Back in May I noticed it hadn't reported since Nov 2021. I called Discover and got transferred a few times but finally got to someone who found the issue. She said for some reason my "credit reporting" had been turned off. She said she reached out and had them turn it back on, it should be resolved in 30 days. About 2 weeks later it was resolved.
Things have really seemed to slow down for me in the past few months. I had my AUs close to maxxed out between my wife's Discover and my own and even some Amex cards I was getting a consistent stream of AUs but it seems to have all come to a halt as of late.
Anyone else noticing this? Is it because less people are looking to take loans out with higher interest rates and therefore nobody has as big of a need to build their credit scores up?
Things have really seemed to slow down for me in the past few months. I had my AUs close to maxxed out between my wife's Discover and my own and even some Amex cards I was getting a consistent stream of AUs but it seems to have all come to a halt as of late.I have noticed a slowdown on my younger cards, but I also added a couple well aged cards this year so that is slightly bringing up my yoy tradeline income.
Anyone else noticing this? Is it because less people are looking to take loans out with higher interest rates and therefore nobody has as big of a need to build their credit scores up?
I run a small time tradeline company and I broker for another company. My volume has been about the same, but new customer acquisition is seriously down. Its been my return customers or brokers that have made our month.I'm a newbie to the whole TL topic, but how/why would a TL company have a repeat customer? Once someone has been removed as an AU, do they lose the boost in their credit score, or do those several months stay on their credit report permanently?
From speaking with other companies they have confirmed a slowdown. In fact, I see many are running deals now via email or text. This was almost unheard of over the past 3-4 years.
I’m sure it depends on the rest of their credit report, but I would imagine, for instance, if they have a couple of cards with modest limits that are highly utilized, a high limit card with low utilization and with a significant account age would provide quite a boost in credit score. And when that card is removed later, that score will immediately go down when it is no longer on their report. How much that is, I am not sure.I run a small time tradeline company and I broker for another company. My volume has been about the same, but new customer acquisition is seriously down. Its been my return customers or brokers that have made our month.I'm a newbie to the whole TL topic, but how/why would a TL company have a repeat customer? Once someone has been removed as an AU, do they lose the boost in their credit score, or do those several months stay on their credit report permanently?
From speaking with other companies they have confirmed a slowdown. In fact, I see many are running deals now via email or text. This was almost unheard of over the past 3-4 years.
Once someone has been removed as an AU, do they lose the boost in their credit score, or do those several months stay on their credit report permanently?
Things have really seemed to slow down for me in the past few months. I had my AUs close to maxxed out between my wife's Discover and my own and even some Amex cards I was getting a consistent stream of AUs but it seems to have all come to a halt as of late.
Anyone else noticing this? Is it because less people are looking to take loans out with higher interest rates and therefore nobody has as big of a need to build their credit scores up?
After 3 or 4 messages and emails, Cliff responded that indeed, I haven't been paid in over a year and they owe me $xxx and I'll be paid at the next pay period, which I have no idea when that will be. Been several weeks already.
I’m trying to do an add onto my Capital One card, and it looks like I need to enter an email address for the new AU. I don’t remember having to do this before. Staff at the new company says I should use my email address. Any ideas if this opens me up to a million spams or to creditors looking for this AU? Thanks in advance.I would just get a new email address just for Tradeline’s if I had to do that.
I’m trying to do an add onto my Capital One card, and it looks like I need to enter an email address for the new AU. I don’t remember having to do this before. Staff at the new company says I should use my email address. Any ideas if this opens me up to a million spams or to creditors looking for this AU? Thanks in advance.I would just get a new email address just for Tradeline’s if I had to do that.
For those of you who have marketed Wells Fargo cards - how many slots did you market per month & did those accounts ever get closed/were there any indications of closing before that happened?
That is correct in my experience. You cannot product change at BC except to downgrade in the same product family. ie fee card to free card
That is correct in my experience. You cannot product change at BC except to downgrade in the same product family. ie fee card to free card
When you product change with BC, does it reset your AU add limit or restart the open date? I am looking to try to get a third Barclay card and debating on going for one with an annual fee that I can downgrade later.
That is correct in my experience. You cannot product change at BC except to downgrade in the same product family. ie fee card to free card
When you product change with BC, does it reset your AU add limit or restart the open date? I am looking to try to get a third Barclay card and debating on going for one with an annual fee that I can downgrade later.
Is it worth (regularly) asking for a limit increase if I rarely/never use a card? I haven't used my chase cards for anything except some tiny recurring subscription costs in years. I haven't used my Discover card at all in a couple years either. I have essentially wiped out my student debt, doubled my yearly income, and have a much higher amount of available credit than I did ~4 years ago when I opened some of the cards. I know those are all reasons I would get a credit increase, but I'm wondering if they will look at my complete lack of utilization and question why I would want a credit increase or simply deny it completely.
After 3 or 4 messages and emails, Cliff responded that indeed, I haven't been paid in over a year and they owe me $xxx and I'll be paid at the next pay period, which I have no idea when that will be. Been several weeks already.
O.m.g. really?! I knew they were having delays and I meant to switch over to the old company but I didn't. Months go by and I added an AU from the new company. Now I'm looking for my money and of course Cliff doesn't respond. Not cool. What is this guy doing all day?
I can't let myself use the new company again... I have a Cap1 card with $13k limit that's really old. I think I opened it in 2007. Should be okay for the old company?
After 3 or 4 messages and emails, Cliff responded that indeed, I haven't been paid in over a year and they owe me $xxx and I'll be paid at the next pay period, which I have no idea when that will be. Been several weeks already.
O.m.g. really?! I knew they were having delays and I meant to switch over to the old company but I didn't. Months go by and I added an AU from the new company. Now I'm looking for my money and of course Cliff doesn't respond. Not cool. What is this guy doing all day?
I can't let myself use the new company again... I have a Cap1 card with $13k limit that's really old. I think I opened it in 2007. Should be okay for the old company?
Data point-- I got paid a couple days ago after emailing the guy on a weekly basis. Not terrible, but so inconvenient.
On a related note, I received a letter from a law firm addressed to one of my previous authorized users. Apparently he owes a company $1.8 mil (I didn't realize it wasn't addressed to anyone in this household until after I opened it, whoops...) That is kind of creepy that the law firm was able to find my address associated with this guy.
After 3 or 4 messages and emails, Cliff responded that indeed, I haven't been paid in over a year and they owe me $xxx and I'll be paid at the next pay period, which I have no idea when that will be. Been several weeks already.
O.m.g. really?! I knew they were having delays and I meant to switch over to the old company but I didn't. Months go by and I added an AU from the new company. Now I'm looking for my money and of course Cliff doesn't respond. Not cool. What is this guy doing all day?
I can't let myself use the new company again... I have a Cap1 card with $13k limit that's really old. I think I opened it in 2007. Should be okay for the old company?
Data point-- I got paid a couple days ago after emailing the guy on a weekly basis. Not terrible, but so inconvenient.
On a related note, I received a letter from a law firm addressed to one of my previous authorized users. Apparently he owes a company $1.8 mil (I didn't realize it wasn't addressed to anyone in this household until after I opened it, whoops...) That is kind of creepy that the law firm was able to find my address associated with this guy.
Its to be expected if you participate in this, right? Your address will go on their credit report?
After 3 or 4 messages and emails, Cliff responded that indeed, I haven't been paid in over a year and they owe me $xxx and I'll be paid at the next pay period, which I have no idea when that will be. Been several weeks already.
O.m.g. really?! I knew they were having delays and I meant to switch over to the old company but I didn't. Months go by and I added an AU from the new company. Now I'm looking for my money and of course Cliff doesn't respond. Not cool. What is this guy doing all day?
I can't let myself use the new company again... I have a Cap1 card with $13k limit that's really old. I think I opened it in 2007. Should be okay for the old company?
Data point-- I got paid a couple days ago after emailing the guy on a weekly basis. Not terrible, but so inconvenient.
On a related note, I received a letter from a law firm addressed to one of my previous authorized users. Apparently he owes a company $1.8 mil (I didn't realize it wasn't addressed to anyone in this household until after I opened it, whoops...) That is kind of creepy that the law firm was able to find my address associated with this guy.
Its to be expected if you participate in this, right? Your address will go on their credit report?
Yes, exactly. It might happen even if you provide the AU address to the CC company when adding them. (Some CC companies ask for the AU address, some don't.)
If it's USPS First Class, you can write "return to sender, not at this address". If it's not, you can recycle it.
After 3 or 4 messages and emails, Cliff responded that indeed, I haven't been paid in over a year and they owe me $xxx and I'll be paid at the next pay period, which I have no idea when that will be. Been several weeks already.
O.m.g. really?! I knew they were having delays and I meant to switch over to the old company but I didn't. Months go by and I added an AU from the new company. Now I'm looking for my money and of course Cliff doesn't respond. Not cool. What is this guy doing all day?
I can't let myself use the new company again... I have a Cap1 card with $13k limit that's really old. I think I opened it in 2007. Should be okay for the old company?
Data point-- I got paid a couple days ago after emailing the guy on a weekly basis. Not terrible, but so inconvenient.
On a related note, I received a letter from a law firm addressed to one of my previous authorized users. Apparently he owes a company $1.8 mil (I didn't realize it wasn't addressed to anyone in this household until after I opened it, whoops...) That is kind of creepy that the law firm was able to find my address associated with this guy.
After 3 or 4 messages and emails, Cliff responded that indeed, I haven't been paid in over a year and they owe me $xxx and I'll be paid at the next pay period, which I have no idea when that will be. Been several weeks already.
O.m.g. really?! I knew they were having delays and I meant to switch over to the old company but I didn't. Months go by and I added an AU from the new company. Now I'm looking for my money and of course Cliff doesn't respond. Not cool. What is this guy doing all day?
I can't let myself use the new company again... I have a Cap1 card with $13k limit that's really old. I think I opened it in 2007. Should be okay for the old company?
Data point-- I got paid a couple days ago after emailing the guy on a weekly basis. Not terrible, but so inconvenient.
On a related note, I received a letter from a law firm addressed to one of my previous authorized users. Apparently he owes a company $1.8 mil (I didn't realize it wasn't addressed to anyone in this household until after I opened it, whoops...) That is kind of creepy that the law firm was able to find my address associated with this guy.
I get AU advertisement letters, credit card offers, collector letters and lately, the best one. It was some kind of long survey with a $10 incentive. That is, a real $10 bill in the envelope. I sent back the pp envelope with the survey where I wrote "addressee unknown at this address". So at least they know not to send me any more cash. So the point is....don't just throw away AU addressed envelopes. Open them. I really don't care if that's not technically legal.
Did you keep the $10 or send it back?
I read somewhere to keep AU's on the account for 90 days, even if the tradeline company authorizes you to remove them earlier. This was supposed to help prevent account closures.I think Old company times their removals to account for the riskier companies (like Chase), or perhaps it is purely for better reporting odds? I always remove them at the recommended times myself. I like the USBank Tradeline payments every 2 months like clockwork.
I've been doing this but wonder if it's overkill. It slows my sales a bit, but I have only had one shut down (BOA) in over four years.
Some of you track data points regarding account closures. Any insights regarding 60 or 90 day durations? Thanks!
Has anyone else encountered somewhat nosy and perhaps over-diligent CSRs with Discover? I'm on the phone with one now who is asking more questions than the other reps have asked. He pointed out one of the addresses I gave had no apartment number (which was a good catch but I had to ask my source to clear that up - previously my source told me the address isn't really that important though so in the past I've mostly just given my home address without question). I was telling him I can just use my home address but he seemed very "by the book" saying that I should provide them with an address if this card is intended for them and that all notices should be going to them as well (this is also something that no other rep has reiterated or made a big deal of). Then when adding the second AU, he asked "Do you know these individuals personally?" - I gave him a generic answer: "yea it's a friend of a friend who was referred to me" lol
Threw me off a little but I'm hoping they're not retraining all their CSRs to interrogate their customers like this.
Has anyone else encountered somewhat nosy and perhaps over-diligent CSRs with Discover? I'm on the phone with one now who is asking more questions than the other reps have asked. He pointed out one of the addresses I gave had no apartment number (which was a good catch but I had to ask my source to clear that up - previously my source told me the address isn't really that important though so in the past I've mostly just given my home address without question). I was telling him I can just use my home address but he seemed very "by the book" saying that I should provide them with an address if this card is intended for them and that all notices should be going to them as well (this is also something that no other rep has reiterated or made a big deal of). Then when adding the second AU, he asked "Do you know these individuals personally?" - I gave him a generic answer: "yea it's a friend of a friend who was referred to me" lol
Threw me off a little but I'm hoping they're not retraining all their CSRs to interrogate their customers like this.
Two things:
1. A few CSRs like to behave in the way you described. I've had it happen 1% to 2% of the time. Can they get your card shut down? I dunno. I just HUACA in those scenarios.
2. If you're using someone other than Old Company or New Company, you may be exposing yourself to higher risk of shutdowns. Your use of the term "my source" made me think this was a possibility.
Has Discover been known to shut down accounts? And what would the main trigger(s) be for shutting accounts down?
For Discover I add/remove online. Saves a phone call, and I never get a nosy agent.
Question. If a tradeline company gives you the name and dob of an AU but not their social security number, is there any risk of them using this tradeline to create a fake identity (and you being held responsible too if they get caught)? Or is it only a risk when you unknowingly enter a fake SSN provided by a tradeline company? Basically is there any difference between those two scenarios in terms of risk? Let's say it's not the old or new company but someone you just started working with.
Question. If a tradeline company gives you the name and dob of an AU but not their social security number, is there any risk of them using this tradeline to create a fake identity (and you being held responsible too if they get caught)? Or is it only a risk when you unknowingly enter a fake SSN provided by a tradeline company? Basically is there any difference between those two scenarios in terms of risk? Let's say it's not the old or new company but someone you just started working with.
If this is really concerning, you should ask a lawyer. A couple hundred bucks, most likely.
There are many credit cards who don't have a way online to even input a SS number. To do so, you'd have to call in.
I won't use any company that Joe hasn't approved. I tried it once and the first time, I get a message to delete the user because they paid with a stolen credit card. Nope. Not doing that ever again. I now assume that anyone not approved is going to sell MY information on the dark web.
I received a warning email from Care Credit that they would close the card if I didn't make at least one transaction by a certain date, so I did make a transaction and the card looks like it's in good standing now.
About Care Credit, does anyone currently use it for tradelines? Does it report AUs to the bureaus?
PSA:
Anyone else trying to season a CareCredit Discover card via Synchrony Bank, please note this data point:
My card was closed after 12 months due to lack of activity. I opened the card on or about 9/29/2021, and they closed it on 9/28/2022 due to inactivity. I made no charges on the account.
When I called today, they were unable to reopen it and their only suggestion was to reapply.
In general I try to make sure that 12 months does not elapse without at least one charge on each card. But with 23 cards, I made a mistake and missed this one.
Would anyone mind PMing me a reputable TL company to work with? Been a while but I'm looking to get back into the game :)
He asked for a reputable company.
…and New Company contact info.
I received a warning email from Care Credit that they would close the card if I didn't make at least one transaction by a certain date, so I did make a transaction and the card looks like it's in good standing now.
About Care Credit, does anyone currently use it for tradelines? Does it report AUs to the bureaus?
For those who have Care Credit: how do you make occasional purchases to keep the card open? I tried using it at a doctor's office and they didn't accept it. Is there a way to use it online, maybe make a small purchase like vitamins, etc? I need to make a purchase within the next couple of months to keep it open.
I go to walgreens. They accept it like any other credit card. Their medicines are usually way over priced so we don't usually buy there, but occasionally will if we happen to need something and also need to make a purchase on the care credit. If we don't any vitamins or medicine I will usually just buy myself some candy. The candy is over priced too, but we are regularly maxing out our 2 slots at $125 each so I just consider my monthly bag of m&ms a perk.
I have a reminder set up for a few days after the end of the billing cycle, and I try to go put a purchase on it immediately so I won't end up forgetting. I won't clear the reminder until I make a purchase. You just have to be careful because my cycle date seems to bounce around, so I always log in and check to ensure the billing cycle has actually changed over.
Interesting @frugalnacho
So anything at Walgreens works in your experience?
If so, it might be an easy trick to print a photo for pickup. Quick and easy.
So far. I've used it at the pharmacy. I also used it at the regular front register, and yeah it just seems to work like a credit card. I don't know how they would be able to differentiate between different types of items anyway. I was originally worried about that since it's supposed to be for doctors or health stuff, but I think they just have a merchant agreement with walgreens similar to how visa or MC would and you could just charge anything from the store. I've bought stamps, candy, OTC medication, and photos so far, and just used it as a credit card with no problems.
For those who have Care Credit: how do you make occasional purchases to keep the card open? I tried using it at a doctor's office and they didn't accept it. Is there a way to use it online, maybe make a small purchase like vitamins, etc? I need to make a purchase within the next couple of months to keep it open.
When you say "occasional" do you mean once per month? It's not a matter of keeping it open; it's a matter of having it post to the AU's credit reports.
The TL companies advise making a small charge every month. The credit card companies don't report to the reporting bureaus if there is no balance, so it won't help the AU's score.
My care credit card was for my wife's Lasik surgery. They offered her 0% financing for two years, which turned out to just be a care credit card. $3,750 total charge, and a $6,000 limit. We scheduled our monthly payment and tossed it in the junk drawer with no intention of ever using it again. It then sat idle with no balance for 11 months. When the old company announced they were going to accept care credit I contacted care credit and requested a limit increase which was immediately granted for $16,000, and I started putting a single charge on it per month at walgreens. It's been in constant use with 2 AU on it at all times for the last 8 months.
I also never call in to add or remove AU, I just use the online chat. They occasionally have a ridiculous verification process where they have to send my wife an email, and she has to open a third party website from the secure link they sent and she has to take a 10 second video of her face, and after she submits it she gets a verification code which I then relay to the online chat person. A bit of a pain in the ass when they do that, but otherwise super easy.
For Discover I add/remove online. Saves a phone call, and I never get a nosy agent.
I've hit the max # of AUs at this point so have to do everything over the phone.
For Discover I add/remove online. Saves a phone call, and I never get a nosy agent.
I've hit the max # of AUs at this point so have to do everything over the phone.
I was able to add one AU by calling in after hitting the limit, but after that I was told discover has a hard limit on a rolling 12 month basis, so I could only call one in and they denied the next one. I had the TL company rest my card after that and will reactivate it later. I probably could have called back and got another rep with a different answer, but I really hate calling them in anyway and greatly prefer doing it online.
Dumb question: There should be no issue waiting until the new year to ask New Company to pay me for lines posted this year, right? For tax and IRA contribution reasons, I'd prefer to earn that money next year.
Dumb question: There should be no issue waiting until the new year to ask New Company to pay me for lines posted this year, right? For tax and IRA contribution reasons, I'd prefer to earn that money next year.
Yes, that's fine.
New Company may wait until next year to pay you anyway. ;-)
Read this in a Facebook group with tradeline sellers. What do people think and how can we protect ourselves:
Hi everyone good afternoon, I want to reach out to inform you all to be careful with adding Au users to navy federal cards if you have them . Somehow Navy federal allowed a card holders au user to transfer $5000 from her card to the Au users checking account & it was done in 2 transactions , 1 for $2000 & the second for $3000 . Navy federal put the first $2000 back . But they let the second one slide cause they said she is a user on the account 🤦🏽♀️🤦🏽♀️ so be careful with Navy . I also want to know is USAA still a good bank ? Because I’m going to be getting an account with them soon 🔜 & I want to know if their still pretty good ? I have to leave Navy a lone now , I’m starting to have too many issues with them as well .
Read this in a Facebook group with tradeline sellers. What do people think and how can we protect ourselves:
Hi everyone good afternoon, I want to reach out to inform you all to be careful with adding Au users to navy federal cards if you have them . Somehow Navy federal allowed a card holders au user to transfer $5000 from her card to the Au users checking account & it was done in 2 transactions , 1 for $2000 & the second for $3000 . Navy federal put the first $2000 back . But they let the second one slide cause they said she is a user on the account 🤦🏽♀️🤦🏽♀️ so be careful with Navy . I also want to know is USAA still a good bank ? Because I’m going to be getting an account with them soon 🔜 & I want to know if their still pretty good ? I have to leave Navy a lone now , I’m starting to have too many issues with them as well .
This is true. In addition, AUs can have the card sent directly to their house. Be careful.
I had two adds for Citi come through pretty much one after the other. Called in and gave them name, DOB, and SSN as usual and was asked to verify the AU home address. All fine.
Today I check out how the AUs are listed in my Citi portal (usually check to see that names were entered correctly) and notice that while one has my address listed as theirs, the other has their own address listed. Weird.
I can edit the addresses. Does it matter which is listed when it comes to the AU posting? I am hoping that the one AU who has their own address listed did not get sent a card. Maybe I should give Citi a call...
Even my well seasoned Cards have slowed down now.Things have really seemed to slow down for me in the past few months. I had my AUs close to maxxed out between my wife's Discover and my own and even some Amex cards I was getting a consistent stream of AUs but it seems to have all come to a halt as of late.I have noticed a slowdown on my younger cards, but I also added a couple well aged cards this year so that is slightly bringing up my yoy tradeline income.
Anyone else noticing this? Is it because less people are looking to take loans out with higher interest rates and therefore nobody has as big of a need to build their credit scores up?
Even my well seasoned Cards have slowed down now.
File this under "things I wish I knew when I tried tradelines out" ----
I've received phone calls from debt collectors thinking they were calling the person who bought the tradeline. Today I received a letter in the mail from an attorney (addressed to the buyer of the tradeline) related to debt collection.
For those reading this and considering trying this out... just know that your phone number and address will be associated with these people going forward. Is it worth it for an extra couple hundred a month? Only you can answer that.
A couple thousand dollars a year is well worth getting some junk mail and a random phone call now and then. I also figure I'm doing my part in introducing more errors into all the data brokers systems.
Anyone getting new orders? I got none since early November.
Another question: for the 2022 tax return, is this year's TL income based on TLs ordered this year or those I got paid for this year?
Anyone getting new orders? I got none since early November.
Another question: for the 2022 tax return, is this year's TL income based on TLs ordered this year or those I got paid for this year?
Cash basis accounting - you recognize income when it hits your bank account (constructive receipt). Until you actually get paid for an order there's a possibility it won't post and then you're paying taxes on income that never occured. If you get paid on January 1st for an order, you received in November, it's 2023 income. You could choose to do accrual but that's adding complexity for zero benefit.
Cash basis accounting - you recognize income when it hits your bank account (constructive receipt). Until you actually get paid for an order there's a possibility it won't post and then you're paying taxes on income that never occured. If you get paid on January 1st for an order, you received in November, it's 2023 income. You could choose to do accrual but that's adding complexity for zero benefit.
That makes sense, thanks! When tradeline companies issue 1099s, do they follow the same principle (cash basis accounting)?
Is the info in the first few posts of this thread still mostly valid?
PTF.
The effort / reward ratio of tradelines has not been good for me in past but looking at post RE where the relative amounts of time and money will change could make this worth it.
I only have one CC now (delta-amex +10yo that I dont think I want to risk) I think after I buy my next primary residence in spring I will reevaluate all this and maybe get a few new cards to start aging. Am considering paying cash for a home, but may not and dont want to complicate my life with new CC's right before moving and maybe taking out a home loan.
Is the info in the first few posts of this thread still mostly valid?
PTF.
The effort / reward ratio of tradelines has not been good for me in past but looking at post RE where the relative amounts of time and money will change could make this worth it.
I only have one CC now (delta-amex +10yo that I dont think I want to risk) I think after I buy my next primary residence in spring I will reevaluate all this and maybe get a few new cards to start aging. Am considering paying cash for a home, but may not and dont want to complicate my life with new CC's right before moving and maybe taking out a home loan.
Is the info in the first few posts of this thread still mostly valid?
I don't remember exactly, I think it was 7 or 8 AU over a rolling 12 month period.
I only sell tradelines on one discover card. I have a second discover card that I've been aging and waiting for the old company to accept, but no AU on that one.
I do not know if the limit applies to each card, or if it is combined.
Here are my BOA #s...
2020: 3 AUs sold (began selling in Aug 2020)
2021: 7 AUs sold
2022: 8 AUs sold so far
I do have some cash in a BOA Savings account... not sure if that helps in keeping my CC from being closed... Keep on knockin' on wood!
I have cards with the new company (for several years now). I usually only ask for payment every six months for AUs that were removed at least 2 months prior to my asking for payment. Have not had many problems getting payment. On Dec 6, I have emailed the guy at the company who does the payment and asked him to pay me for six AUs. After a week of no response and no payment, I asked again on Dec 13 and also copied Erica at the company. Another week gone by and still no response or payment. So I have sent a third email asking today. I told them I wanted to get paid soon so I can contribute that money to my IRA before the end of the year. Anyone else know what is going on with them or have any suggestions for me?
I have cards with the new company (for several years now). I usually only ask for payment every six months for AUs that were removed at least 2 months prior to my asking for payment. Have not had many problems getting payment. On Dec 6, I have emailed the guy at the company who does the payment and asked him to pay me for six AUs. After a week of no response and no payment, I asked again on Dec 13 and also copied Erica at the company. Another week gone by and still no response or payment. So I have sent a third email asking today. I told them I wanted to get paid soon so I can contribute that money to my IRA before the end of the year. Anyone else know what is going on with them or have any suggestions for me?
contact @arebelspy and have him contact cliff on your behalf. That's the only way I was able to get paid by them.
This has probably already been discussed at some point in a long thread like this, but I don't remember.
I've been selling spots on my Citi Card through "old company" for a while now, and they have always posted and I've been paid. For reasons unknown, I added an AU at old company's request a couple weeks ago, following old company's instructions to the letter for a Citi add (making sure to add by phone only, give client's SS# to customer service rep, ask rep to spell back name so no errors, etc.) The client was in fact added according to my online acct. He was added timely, and a statement was generated (I have a small recurring charge on the account to make sure of this.)
In spite of all this, old company contacted me a few weeks later, enclosing copies of client's credit reports which showed it did not post. They told me since it didn't post I wouldn't get paid. I sent them screenshots and emails showing that he was added. I understand that they had to refund client's money. However, I feel that the failure to post was not within my control and therefore not my fault. I put in some time and effort to not only get him added (and later removed) from the account, but to justify to the old company that I had done everything properly (not wanting to be removed from the program b/c they might see me as irresponsible).
Has anyone else been denied payment due to a non-posting for which they were not at fault?
I only signed on with old company maybe a year and a half ago, and I listed my Citi card with them from the start, along with 3 other cards. The Citi is the only one that has been selling for the last 9 mo. or so, and even then only one slot every few months ($75 b/c $12.5k CL). So all in all, not much of a moneymaker for me. Back in the beginning I think I sold a few Barclays slots @ $25 per, but not in a long time.
I have to say my experience with how much money can be made from tradeline selling has been markedly different from the reports on here by the longtime sellers like Arebelspy, etc. And the tradeline companies can be fairly demanding, in terms of always being ready to drop everything going on in your life to add an AU in a very particular way, especially when it has to be done by phone like Citi. I'm grateful to Arebelspy for helping us all with the process. I'm only saying that newbies should maybe be aware that things seem to have changed a little for the worse since the thread was first started.
I only signed on with old company maybe a year and a half ago, and I listed my Citi card with them from the start, along with 3 other cards. The Citi is the only one that has been selling for the last 9 mo. or so, and even then only one slot every few months ($75 b/c $12.5k CL). So all in all, not much of a moneymaker for me. Back in the beginning I think I sold a few Barclays slots @ $25 per, but not in a long time.
I have to say my experience with how much money can be made from tradeline selling has been markedly different from the reports on here by the longtime sellers like Arebelspy, etc. And the tradeline companies can be fairly demanding, in terms of always being ready to drop everything going on in your life to add an AU in a very particular way, especially when it has to be done by phone like Citi. I'm grateful to Arebelspy for helping us all with the process. I'm only saying that newbies should maybe be aware that things seem to have changed a little for the worse since the thread was first started.
Hey folks,
I've got some pretty bad news to share. Enrolled with Old Company 3 months ago. Signed up my Barclays card, sold 2 spots, got paid, everything is good. Then enrolled an Elan card, had my first AU spot sold not long after. 6-8 weeks go by and I find the card is declined when I'm at the grocery store. Try to log in to online access, tells me to call technical support. This past Friday I get on the phone with support, said my account was flagged for suspicious AU activity. The rep tells me that the AU had personally called in and said they didn't know why (my) credit history was showing up on their credit report. In my mind, I try to keep things as simple as possible and confirmed I added the AU on the stated date, and the relationship to me was a colleague.
I'm told someone from the verification team would be in touch. Just got off the phone with the Elan again today. My account is permanently closed with no chance to contest or reopen. The rep basically said "we don't allow piggybacking because it creates too much risk for the bank". They specifically used that term, so they must've deduced the card was being used for TLs or the AU tipped it off when they called.
I will say that the support I received from Old Company was very good. I brought up the issue right away, they tried all day Friday to get ahold of the AU. When they finally did, AU basically said they forgot they had signed up for and paid for the service (lol what?). They must've panicked or something when they saw it come up on their credit report and contacted the lender directly (big yikes, this is strictly forbidden in Old Company's rules).
On a brighter note, Old Company permanently disbarred said AU from any future business, kept AU's fee, and still paid me the $75 commission. Sucks that this happened so early on the very first AU spot, but hey, that's what you sign up for when engaging in this kind of side hustle. Not a card I really cared about or really used. $14k credit limit with 3 year history. Just unlucky, oh well.
Questions for moving forward:
1. Will that account closure raise alert to other lenders that I'm participating in tradelines? Do I need to lay low for a while?
2. How do I check and pay any open balances on the closed card, so that I'm not docked for late payments?
3. Anyone know if this will hurt my credit? I don't believe it will outside of overall utilization limit plus the credit history removal after 7 years.
P.S. Old Company said that the events above are very rare to occur. And apologized profusely. No hard feelings by me. Again, that's what you're signing up for. Old Company handled it professionally, even called me at 6:00 pm on a Friday to help with resolution.
I received the below notification when I tried to add an Authorized User to my Elan Fidelity card. Anyone else experience this? I'm going to send them a message to remove all AUs (it's time for my last AU and I'll remove my spouse as well) and ask them what's up. Not concerned if I lose it, but it's my only non-Chase card right now.
It looks like your account requires some extra attention.
Please give us a call at 1-888-551-5144 , and one of our customer service representatives will be happy to help.
I received the below notification when I tried to add an Authorized User to my Elan Fidelity card. Anyone else experience this? I'm going to send them a message to remove all AUs (it's time for my last AU and I'll remove my spouse as well) and ask them what's up. Not concerned if I lose it, but it's my only non-Chase card right now.
It looks like your account requires some extra attention.
Please give us a call at 1-888-551-5144 , and one of our customer service representatives will be happy to help.
I had trouble with AUs on my Elan card and ended up getting it closed permanently. Just re-quoted the post to bump it up for you to see. I wouldn't say you necessarily have the same circumstances, but yeah I got shut down on my first AU for the card :/
I received the below notification when I tried to add an Authorized User to my Elan Fidelity card. Anyone else experience this? I'm going to send them a message to remove all AUs (it's time for my last AU and I'll remove my spouse as well) and ask them what's up. Not concerned if I lose it, but it's my only non-Chase card right now.
It looks like your account requires some extra attention.
Please give us a call at 1-888-551-5144 , and one of our customer service representatives will be happy to help.
I had trouble with AUs on my Elan card and ended up getting it closed permanently. Just re-quoted the post to bump it up for you to see. I wouldn't say you necessarily have the same circumstances, but yeah I got shut down on my first AU for the card :/
Thanks for the info. I've removed all the AUs from my card and put it on hold with the old company. I'll give it some time and maybe open up a new card to start aging when I get back to the states. Thanks again.
I received the below notification when I tried to add an Authorized User to my Elan Fidelity card. Anyone else experience this? I'm going to send them a message to remove all AUs (it's time for my last AU and I'll remove my spouse as well) and ask them what's up. Not concerned if I lose it, but it's my only non-Chase card right now.
It looks like your account requires some extra attention.
Please give us a call at 1-888-551-5144 , and one of our customer service representatives will be happy to help.
I had trouble with AUs on my Elan card and ended up getting it closed permanently. Just re-quoted the post to bump it up for you to see. I wouldn't say you necessarily have the same circumstances, but yeah I got shut down on my first AU for the card :/
Thanks for the info. I've removed all the AUs from my card and put it on hold with the old company. I'll give it some time and maybe open up a new card to start aging when I get back to the states. Thanks again.
Would either of you be willing to say if (a) you were or were not using either of the recommended companies? and (b) whether you were following the recommended procedures?
I ask because I am interested in data points and possible trends regarding these sorts of issues.
@Unique User @Archipelago
As a data point I've used two companies outside of the ones recommended here and my only issue after just over 2 years and about 55k of earnings was losing my BofA relationship. Also had an Amex account review that I passed. Good tradeline companies protect their sellers as it's as important to them that you keep your accounts open.
It's certainly slowed down in recent months which is directly tied to mortgage activity going down but I'm still getting sales on my high limit and aged cards.
Thanks. Yeah i have a Citi 50k plus card over 20 years a few around 30k with 10 years plus and a 60k Amex that sell well but all told I have 11 cards listed total. Also maxed out a Barclays that hit the limit this year.
At the end of the day, you have to be willing to take the risk that the lender will shut down your account. That risk has always been clearly defined, and I accepted the risk when I started using it for tradelines. It's a card I didn't mind losing, so it's no big deal.
I only signed on with old company maybe a year and a half ago, and I listed my Citi card with them from the start, along with 3 other cards. The Citi is the only one that has been selling for the last 9 mo. or so, and even then only one slot every few months ($75 b/c $12.5k CL). So all in all, not much of a moneymaker for me. Back in the beginning I think I sold a few Barclays slots @ $25 per, but not in a long time.
I have to say my experience with how much money can be made from tradeline selling has been markedly different from the reports on here by the longtime sellers like Arebelspy, etc. And the tradeline companies can be fairly demanding, in terms of always being ready to drop everything going on in your life to add an AU in a very particular way, especially when it has to be done by phone like Citi. I'm grateful to Arebelspy for helping us all with the process. I'm only saying that newbies should maybe be aware that things seem to have changed a little for the worse since the thread was first started.
Yeah that sounds like what I had happen to me.
Can always move that unused credit to another Barclays card if you have one seasoning or want to add one and keep the aged tapped out one open.
Elan does not appear to GAF - I have added dozens of users to two cards and had no issues.
I received the below notification when I tried to add an Authorized User to my Elan Fidelity card. Anyone else experience this? I'm going to send them a message to remove all AUs (it's time for my last AU and I'll remove my spouse as well) and ask them what's up. Not concerned if I lose it, but it's my only non-Chase card right now.
It looks like your account requires some extra attention.
Please give us a call at 1-888-551-5144 , and one of our customer service representatives will be happy to help.
I had trouble with AUs on my Elan card and ended up getting it closed permanently. Just re-quoted the post to bump it up for you to see. I wouldn't say you necessarily have the same circumstances, but yeah I got shut down on my first AU for the card :/
Thanks for the info. I've removed all the AUs from my card and put it on hold with the old company. I'll give it some time and maybe open up a new card to start aging when I get back to the states. Thanks again.
Would either of you be willing to say if (a) you were or were not using either of the recommended companies? and (b) whether you were following the recommended procedures?
I ask because I am interested in data points and possible trends regarding these sorts of issues.
@Unique User @Archipelago
I and many others had the Elan Fidelity card cancelled due to AU activity.
I and many others had the Elan Fidelity card cancelled due to AU activity.
I may have asked that before but just to confirm. Those who had their Fidelity cards canceled and also had investment accounts with Fidelity, did they let you keep those investment accounts?
I have a tax related question. When you started working with tradeline companies, did you share your SSN or EIN with them (so that they can issue 1099s)? Pros and cons of using SSN or EIN in this case?
I also report my income as business income, not misc. I was just wondering if using EIN and having 1099s issued with that EIN as a sole prop would create any additional tax reporting requirements or audit risk
I just had a weird encounter with a synchrony rep. I added the AU, gave them the name and birthday, and they said they were added. I requested they add the SSN for security purposes and they refused saying it's not necessary. This is the first time they have refused to add the SSN. They didn't give me the opportunity to add the address either. Hopefully it still posts.
Going through my extraneous cards. Oooo, big word. They're the ones that aren't accepted by the tradeline companies because they don't report, for example and for me, I got a bonus to get the card initially but they don't give me at least 2% back and I can't use them for low balance forgiveness. I don't usually ever close cards but the strategy here is first to increase my average credit age as I have a bunch of newer cards in these categories. Then, it'll reduce my total credit. The goal is to let this all settle and show up on CreditKarma and then go get credit line increases wherever I can on cards used often in tradeline sales.
Another subject, I do have an Elan (fidelity) card with tradelines being sold and I would expect no connection with Fidelity accounts if they shut it down. It's not a Fidelity account, really. In my case, I also don't expect Fidelity is going to say "Oh yah, this guy only has a couple million in our accounts so let's shut him down". I'd be less surprised to see an employee show up at my house and have a birthday cake with lit candles for my birthday later this month.
Heck, Redneck Bank sent me a Christmas present that included a couple kinds of chocolate, a hat and a fingernail kit. I'm at the $75k limit there for the (at the moment) 4.25% money market. It was definitely a surprise.
Going through my extraneous cards. Oooo, big word. They're the ones that aren't accepted by the tradeline companies because they don't report, for example and for me, I got a bonus to get the card initially but they don't give me at least 2% back and I can't use them for low balance forgiveness. I don't usually ever close cards but the strategy here is first to increase my average credit age as I have a bunch of newer cards in these categories. Then, it'll reduce my total credit. The goal is to let this all settle and show up on CreditKarma and then go get credit line increases wherever I can on cards used often in tradeline sales.
Another subject, I do have an Elan (fidelity) card with tradelines being sold and I would expect no connection with Fidelity accounts if they shut it down. It's not a Fidelity account, really. In my case, I also don't expect Fidelity is going to say "Oh yah, this guy only has a couple million in our accounts so let's shut him down". I'd be less surprised to see an employee show up at my house and have a birthday cake with lit candles for my birthday later this month.
Heck, Redneck Bank sent me a Christmas present that included a couple kinds of chocolate, a hat and a fingernail kit. I'm at the $75k limit there for the (at the moment) 4.25% money market. It was definitely a surprise.
Closing a card is not going to change your average age of account until said card drops off your report 10 years after it is closed.
I've been selling tradelines for over 3 years now, and today for the first time I received an apparent telemarketing call asking for the name of an AU that I just removed from my Capital One card less than a month ago. Is this expected? I'm wondering who, other than Capital One, would be associating him with my information. I understand from prior reading that my address is ending up on AU credit reports, and that's why I frequently get credit card offer mail for former AUs. But this is the first time I've been aware of my phone number becoming affiliated with AUs, so I'm wondering if there's a way to stop this. I already get a ton of telemarketing calls.
I've been selling tradelines for over 3 years now, and today for the first time I received an apparent telemarketing call asking for the name of an AU that I just removed from my Capital One card less than a month ago. Is this expected? I'm wondering who, other than Capital One, would be associating him with my information. I understand from prior reading that my address is ending up on AU credit reports, and that's why I frequently get credit card offer mail for former AUs. But this is the first time I've been aware of my phone number becoming affiliated with AUs, so I'm wondering if there's a way to stop this. I already get a ton of telemarketing calls.
Going through my extraneous cards. Oooo, big word. They're the ones that aren't accepted by the tradeline companies because they don't report, for example and for me, I got a bonus to get the card initially but they don't give me at least 2% back and I can't use them for low balance forgiveness. I don't usually ever close cards but the strategy here is first to increase my average credit age as I have a bunch of newer cards in these categories. Then, it'll reduce my total credit. The goal is to let this all settle and show up on CreditKarma and then go get credit line increases wherever I can on cards used often in tradeline sales.
Another subject, I do have an Elan (fidelity) card with tradelines being sold and I would expect no connection with Fidelity accounts if they shut it down. It's not a Fidelity account, really. In my case, I also don't expect Fidelity is going to say "Oh yah, this guy only has a couple million in our accounts so let's shut him down". I'd be less surprised to see an employee show up at my house and have a birthday cake with lit candles for my birthday later this month.
Heck, Redneck Bank sent me a Christmas present that included a couple kinds of chocolate, a hat and a fingernail kit. I'm at the $75k limit there for the (at the moment) 4.25% money market. It was definitely a surprise.
Closing a card is not going to change your average age of account until said card drops off your report 10 years after it is closed.
Sorry, that's not correct. Since my last post, my list of cards on credit karma has dropped all of the cards I closed and my average card age has jumped.
Any tips on vetting authorized users if you get orders from new/unknown TL companies or add them directly? For example, how do you make sure that the AU is a real person with a real address and the SSN they provided is their real social? Any online tools (either free or paid) that can be used for that?
Any tips on vetting authorized users if you get orders from new/unknown TL companies or add them directly? For example, how do you make sure that the AU is a real person with a real address and the SSN they provided is their real social? Any online tools (either free or paid) that can be used for that?
The two companies discussed here are supposed to do the verification as part of the sales process. DIY is possible but certainly riskier (and probably ill-advised unless you know the people you're adding).
Any tips on vetting authorized users if you get orders from new/unknown TL companies or add them directly? For example, how do you make sure that the AU is a real person with a real address and the SSN they provided is their real social? Any online tools (either free or paid) that can be used for that?
The two companies discussed here are supposed to do the verification as part of the sales process. DIY is possible but certainly riskier (and probably ill-advised unless you know the people you're adding).
That's understood. Everyone has their own risk tolerance
My question is, if you are going to DIY or work with new tl companies, what tools can you use for vetting AUs?
Well, today Chase sent the dreaded letter about account closure and closed all my accounts.
Reasons given:
"Too many requests for credit or reviews of credit
Account not used as intended"
This is a bummer because a week ago I opened an INK business card after reading they were approving even if over 5/24. It was approved and I received the card. And I've been waiting to go under 5/24 in April to open some new personal cards.
I think it was more the sign up bonuses than number of AUs. This card only had 10 AUs in 5 years and 5 of those were in 2018. It was a good run of credit card, bank account and brokerage sign up bonuses. Guess I'll try again in a couple years.
Well, today Chase sent the dreaded letter about account closure and closed all my accounts.
Reasons given:
"Too many requests for credit or reviews of credit
Account not used as intended"
This is a bummer because a week ago I opened an INK business card after reading they were approving even if over 5/24. It was approved and I received the card. And I've been waiting to go under 5/24 in April to open some new personal cards.
I think it was more the sign up bonuses than number of AUs. This card only had 10 AUs in 5 years and 5 of those were in 2018. It was a good run of credit card, bank account and brokerage sign up bonuses. Guess I'll try again in a couple years.
has there been history of Chase allowing new accounts or re-opening some years after shutdown? any data on how long, I had thought it was a lifetime/death sentence
had a Freedom closed about 2 years back after netting ~$3K in a yr or so
Well, today Chase sent the dreaded letter about account closure and closed all my accounts.
Reasons given:
"Too many requests for credit or reviews of credit
Account not used as intended"
This is a bummer because a week ago I opened an INK business card after reading they were approving even if over 5/24. It was approved and I received the card. And I've been waiting to go under 5/24 in April to open some new personal cards.
I think it was more the sign up bonuses than number of AUs. This card only had 10 AUs in 5 years and 5 of those were in 2018. It was a good run of credit card, bank account and brokerage sign up bonuses. Guess I'll try again in a couple years.
I've been selling tradelines and churning bank accounts and credit cards for several years and have recently run into an issue with my credit report.
I've been trying to open bank accounts over the past year and have been repeatedly denied because I was getting the verification questions wrong. Questions like where family members have lived, banks I've opened mortgages at, etc. I've noticed lots of questions about a person who has the same last name as me, but is not in my family. Let's say his name is Brad Adams and my last name is Adams. I've been scratching my head for months. Who the hell is Brad Adams?
Well, I finally figured it out. I sold a tradeline to Brad Adams on a capital one card almost 3 years ago. I removed him shortly after, but it seems like the AU history and shared last name is enough to link our credit reports forever...
Anyone else run into this? Any suggestions on how to fix it? It's more of an annoyance than anything. I'll probably have to roll the dice and cross my fingers every time I open a new account online and hope they don't ask me any questions about Brad Adams.
Hi all - was curious with Citi cards (or any card for that matter that isn't Barclays): is "seasoning" new cards also recommended or needed regardless of card issuer?
Tradeline income would be considered Schedule C earned income right?
Please edit your post to remove the name of the company you're referring to - we don't want these things showing up on Google searches.
Closing a card is not going to change your average age of account until said card drops off your report 10 years after it is closed.
Closing a card is not going to change your average age of account until said card drops off your report 10 years after it is closed.
I recently closed a few cards that were less than 3 years old, and according to Credit Karma the following month, it increased my average age from 3.9 years to 6.4 years. So it appears to affect it immediately.
Order your actual reports from annualcreditreport.com
Order your actual reports from annualcreditreport.com
Okay I just did, it shows the same average credit age as credit karma. Average age a couple months ago was just under 4 years with credit karma. Closed a few accounts and now it's around 6.5 years on credit karma. Shows 6.5 years on the credit report I just got from annualcreditreport.com.
I have a couple USAA cards with high credit limits and a couple Chase cards with high limits. They are up to 14 years old. I am having trouble increasing the credit limit on several of my other cards, and I believe this may be due to the USAA/Chase cards. Does anyone have an opinion as to if I should close the USAA/Chase cards to hopefully be able to increase the limits on my other cards? Or would it be better to keep the cards and request credit limit decreases on them> I haven't been selling spots on the USAA cards, as I've found USAA is a hassle to deal with on the phone. I've also not been selling spots on the Chase cards as I was under the impression that Chase shuts down your cards frequently.
I just setup a repeating calendar event to remind me every 6 months to call all my creditors to ask for a credit line increase. Is this a good idea? Can someone with only a $39K net income get credit limits of like $20-25k? My largest credit limit is $12k with credit union -- too bad that card is desirable to tradeline companies, it has a 10 year history.
EDIT: I just called my credit union and the card services they use is FIS Global which is run by Fidelity. I heard Fidelity uses Elan? So is it possible my credit union credit card would be serviced by Elan and I could use for selling tradelines? Btw, they told me they are switching from FIS to CO-OP for credit card servicing company in the near future.. I know nothing about them.
At some point you are going to cap your limits for your income. I wouldn't waste hard inquires on CLI's when you could get new account sign up bonuses. Also, CLI's on existing product may make it harder to get approved for new cards if you have too much credit for your income.Okay thanks. All the credit limit increases I've asked for recently all did soft inquiries. I won't bother with those that do hard inquiries. I didn't realize that higher credit lines on other cards make it harder to get approved for new cards, I thought they just went by the score. Bummer.
Thanks for all that. Yeah I knew about the 5/24 rule but evidently forgot about it recently (within the past 8 months) and had two unnecessary hard inquiries. If I just looked at my log in my spreadsheet (I track it all) I could of clearly seen I had more than 5 cards in 24 months. I know Barclays is 6/24. Isn't Capital One the same as Chase: 5/24?
I think it perhaps makes sense to try and get multiple Barclays cards if possible since they don't usually have issues with piggybacking I hear. But I've heard getting more than one Barclays card is hard to do because they are picky, they want to see a lot of activity on the first barclay's card. How many Barclay's cards do you have?
I just have one Barclays currently. But it's hit it's lifetime AU max, so I'm hoping to get a new replacement Barclays in a few months. If/when I do, I'll move all the CL from the old to the new and close the old. It's not worth anything to me otherwise.
for those hesitant to list cards they don't want to lose due to risk of closure, consider that nearly all closures are due to a high amount of tradelines being processed as long as you're following the guidelines, meaning the closure will be worth it to you
I had a long history/high limit Chase Freedom closed a year ago (but still have Chase checking acct) though not til after well over a dozen sales netting >$3K over a year or 2 with minimal effort, now think how much I would have needed to use that card for cash back/promos etc over how long to be able to exceed that $3K earned, vs just redirecting to another card
for those hesitant to list cards they don't want to lose due to risk of closure, consider that nearly all closures are due to a high amount of tradelines being processed as long as you're following the guidelines, meaning the closure will be worth it to you
I had a long history/high limit Chase Freedom closed a year ago (but still have Chase checking acct) though not til after well over a dozen sales netting >$3K over a year or 2 with minimal effort, now think how much I would have needed to use that card for cash back/promos etc over how long to be able to exceed that $3K earned, vs just redirecting to another card
I thought Chase typically closes all your credit card accounts though? I make nearly 2-3k/year off Chase via spending promos. So that wouldn't be worth it to me.
for those hesitant to list cards they don't want to lose due to risk of closure, consider that nearly all closures are due to a high amount of tradelines being processed as long as you're following the guidelines, meaning the closure will be worth it to you
I had a long history/high limit Chase Freedom closed a year ago (but still have Chase checking acct) though not til after well over a dozen sales netting >$3K over a year or 2 with minimal effort, now think how much I would have needed to use that card for cash back/promos etc over how long to be able to exceed that $3K earned, vs just redirecting to another card
I thought Chase typically closes all your credit card accounts though? I make nearly 2-3k/year off Chase via spending promos. So that wouldn't be worth it to me.
How are you getting spending promos that generous?
Anybody have issues with receiving payment from the old company? I always have to send an email requesting payment and usually just ask every few months. I let it go longer than usual last year and asked him to send payment in December. Sent a reminder in January as I hadn’t received a response. Yesterday I sent a third request and copied Erica and in this time.
While on the subject, I’ve only ever received a 1099 the first year is started doing this. Did not receive one in 2020 or 2021 and I haven’t seen one for 2022 either.
Anybody have issues with receiving payment from the old company? I always have to send an email requesting payment and usually just ask every few months. I let it go longer than usual last year and asked him to send payment in December. Sent a reminder in January as I hadn’t received a response. Yesterday I sent a third request and copied Erica and in this time.
While on the subject, I’ve only ever received a 1099 the first year is started doing this. Did not receive one in 2020 or 2021 and I haven’t seen one for 2022 either.
Anybody have issues with receiving payment from the old company? I always have to send an email requesting payment and usually just ask every few months. I let it go longer than usual last year and asked him to send payment in December. Sent a reminder in January as I hadn’t received a response. Yesterday I sent a third request and copied Erica and in this time.You mean the NEW company, not the old (since you mentioned Erica). Erica is with the new company (as is Cliff). Also the new company is notorious for late/missing payments. The old company works like clockwork.
While on the subject, I’ve only ever received a 1099 the first year is started doing this. Did not receive one in 2020 or 2021 and I haven’t seen one for 2022 either.
I just have one Barclays currently. But it's hit it's lifetime AU max, so I'm hoping to get a new replacement Barclays in a few months. If/when I do, I'll move all the CL from the old to the new and close the old. It's not worth anything to me otherwise.
I just have one Barclays currently. But it's hit it's lifetime AU max, so I'm hoping to get a new replacement Barclays in a few months. If/when I do, I'll move all the CL from the old to the new and close the old. It's not worth anything to me otherwise.
Just wondering if you also sell tradelines with any Discover cards? How are they compared to Barclays with respect to reporting and not closing out account due to too many auths? Do they close just a single cards or all your cards with them like Chase?
I plan on getting Barclays card next. After Discover and Barclay's which would be the next best card to get for selling tradelines? I alread have Chase, BofA and Citi cards, so want something other than those next.
Just wondering if you also sell tradelines with any Discover cards? How are they compared to Barclays with respect to reporting and not closing out account due to too many auths? Do they close just a single cards or all your cards with them like Chase?
.....
Have y'all seen this guy's video on youtube? What do you think about what he is saying? He claims buying tradelines is considered fraudulent. Mortgage fraud etc. He also says it is no longer effective because lenders ignore the auth tradelines when underwriting. I watched 75% of the video before stopping.
https://www.youtube.com/watch?v=4z-fSfzRppQ
Another thing with Discover, it's been a pain to get my credit limit increased. I've gotten a couple of other cards in the $30k - $35k range without much effort.
But with Discover, they keep declining my CL increase due to "not enough purchases/balance" on my Discover, or something like that.
I'm only up to $11,500, and the last increase was because I finally decided to call and talk to someone live.
Have folks been able to post AUs/sell tradelines from outside the US? I'm considering using tradelines as a potential strategy to be able to retire abroad...would this be workable? I remember reading somewhere--maybe the company/broker?--that it's best to not add AUs from outside the US, but I wanted to ask about it here in case folks have any thoughts/experience. Thanks!
Have folks been able to post AUs/sell tradelines from outside the US? I'm considering using tradelines as a potential strategy to be able to retire abroad...would this be workable? I remember reading somewhere--maybe the company/broker?--that it's best to not add AUs from outside the US, but I wanted to ask about it here in case folks have any thoughts/experience. Thanks!
Has anyone been having issues getting paid by the old company? I have sent several emails requesting payment, with no success. It has been several weeks since my first email, and I have not even received a reply from the individua that handles the payments. This is for orders going back to August of 2022. The most recent order is January 2023. I am used to having to request payment, but they are usually responsive after an email or 2.
There are also several credit unions with the same card -- same features as USBank Cash+ card -- called "Max Cash Preferred" usually, serviced by Elan. A local bank here in my state offers one. I wonder how these report on the credit reports. Anyone have experience with this? It might be easier to get the one at the credit union if I open an account there etc.. and to qualify for it; I've heard USbank is very strict.
I really want the USBank Cash+ card for the 5% back on Home Utilities -- it's the only card I know of that does this. It is serviced by Elan I believe, just as the Fidelity 2% cashback card is also serviced by Elan.
A tradeline company I am currently talking to, said they don't accept USBank but do accept Elan. They said most of the people use the Fidelity 2% cashback card when it comes to Elan cards. They said it "reports" as Elan on the credit report.
Does anyone know if the USBank Cash+ card also reports as Elan on the credit report or just USBank?
Really want the USbank Cash+ card for the cashback on utilities and to season it ultimately for piggybacking.
There are also several credit unions with the same card -- same features as USBank Cash+ card -- called "Max Cash Preferred" usually, serviced by Elan. A local bank here in my state offers one. I wonder how these report on the credit reports. Anyone have experience with this? It might be easier to get the one at the credit union if I open an account there etc.. and to qualify for it; I've heard USbank is very strict.
Has anyone been having issues getting paid by the old company? I have sent several emails requesting payment, with no success. It has been several weeks since my first email, and I have not even received a reply from the individua that handles the payments. This is for orders going back to August of 2022. The most recent order is January 2023. I am used to having to request payment, but they are usually responsive after an email or 2.
Has anyone been having issues getting paid by the old company? I have sent several emails requesting payment, with no success. It has been several weeks since my first email, and I have not even received a reply from the individua that handles the payments. This is for orders going back to August of 2022. The most recent order is January 2023. I am used to having to request payment, but they are usually responsive after an email or 2.
The new company is known for being slow at paying. Is that the one you mean? Cliff and Erica? I had the same experience with them. Some posters had to get Arebelspy to ask on their behalf.
The Old Company works great automatically (Leslie). I haven't heard of any problems with their payment system.
Has anyone been having issues getting paid by the old company? I have sent several emails requesting payment, with no success. It has been several weeks since my first email, and I have not even received a reply from the individua that handles the payments. This is for orders going back to August of 2022. The most recent order is January 2023. I am used to having to request payment, but they are usually responsive after an email or 2.
I have several cards in the tradeslines mix, and one of them is US Bank. I also have my mortgage with them, with a very good rate.
If they happen to shut down my CC, could they possibly terminate my mortgage?
Has anyone else been told by PNC that there is a maximum of 5 authorized users that can be added within a 12 month period? Is this new?
Has anyone else been told by PNC that there is a maximum of 5 authorized users that can be added within a 12 month period? Is this new?
This just happened to me on two adds. I've added 2 clients per month like clock work for the past 18 months. PNC might be a bust now.
Any recent data points on downgrading premium Barclays cards to a free card after the first year? Particularly for co-brand cards (Emirates, Lufthansa etc) that don't have no annual fee versions (unlike JetBlue for example). I remember i tried to downgrade one of my premium cards a few years ago and couldn't do it because it had to be with the same co brand partner.
Also the same question about downgrading to free bank of america cards (for ex. Premium rewards with $100 annual fee to something else).
Have folks been able to post AUs/sell tradelines from outside the US? I'm considering using tradelines as a potential strategy to be able to retire abroad...would this be workable? I remember reading somewhere--maybe the company/broker?--that it's best to not add AUs from outside the US, but I wanted to ask about it here in case folks have any thoughts/experience. Thanks!
Tradeline sales works on US issued credit cards. All AUs I've added have been US citizens with US addresses and SSNs. I did add one AU when I was on vacation in a foreign country; to do so I think I used Google voice to make the phone call IIRC.
If you met the above requirements, I think it would work. Many US expats maintain a US mailing address, either through family or a mailing service.
I don't think any companies out there will enroll AMEX or WF, one of the new/old (forgot which is which) started taking AMEX for a while but discontinued sales on them earlier this year due to inconsistent reporting. and I'd think WF is just too messy of a bank for any to deal with
if anyone else has found a company that takes them let us know
Has anyone else been told by PNC that there is a maximum of 5 authorized users that can be added within a 12 month period? Is this new?
This just happened to me on two adds. I've added 2 clients per month like clock work for the past 18 months. PNC might be a bust now.
Did you try calling in to add? I got the 5 user limit per year via secure message.
A potential blow to the tradeline industry:
https://americanmilitarynews.com/2023/04/biden-forcing-good-credit-homebuyers-to-pay-higher-fees-to-subsidize-bad-credit-homebuyers/
A potential blow to the tradeline industry:
https://americanmilitarynews.com/2023/04/biden-forcing-good-credit-homebuyers-to-pay-higher-fees-to-subsidize-bad-credit-homebuyers/
Once you get past the hyperbole in the headlines the actual difference is raising the fee on certain federal backed mortgage programs by 12.5 basis points (1/8th of a percent) for borrowers at the top end of the credit score range. A lower credit score still has a higher fee. It's a whole matrix based on credit score and loan to value.
Higher credit score is always going to equal lower rates when taken as a whole. Especially if you're going from the 500s or 600s up into the 700s.
Take a closer look at tables (look at the first graph on page 2 of the source (https://singlefamily.fanniemae.com/media/9391/display)). While people with higher credit scores will always pay lower interest than those with lower credit scores, look across the table. You'll see that people with low credit scores and only 3% down will pay a full percent less interest than someone with the same credit score but 20% down. The old matrix was at least consistent with the realities of risk assessment: lower credit scores and higher LTV are higher risk, and should require higher interest rates as a result. That's the entire purpose of the matrix. That the current administration has twisted it for political purposes is revolting.A potential blow to the tradeline industry:
https://americanmilitarynews.com/2023/04/biden-forcing-good-credit-homebuyers-to-pay-higher-fees-to-subsidize-bad-credit-homebuyers/
Once you get past the hyperbole in the headlines the actual difference is raising the fee on certain federal backed mortgage programs by 12.5 basis points (1/8th of a percent) for borrowers at the top end of the credit score range. A lower credit score still has a higher fee. It's a whole matrix based on credit score and loan to value.
Higher credit score is always going to equal lower rates when taken as a whole. Especially if you're going from the 500s or 600s up into the 700s.
Hmmmm, the encouragement of riskier mortgages. Where have I heard that before?
A potential blow to the tradeline industry:
https://americanmilitarynews.com/2023/04/biden-forcing-good-credit-homebuyers-to-pay-higher-fees-to-subsidize-bad-credit-homebuyers/
A potential blow to the tradeline industry:
https://americanmilitarynews.com/2023/04/biden-forcing-good-credit-homebuyers-to-pay-higher-fees-to-subsidize-bad-credit-homebuyers/
Rewarding failure
Punishing success
Aren't we so lucky to have this leadership... what a #$%$* hole this country is becoming.
Anyone here have a BMO Harris Bank Mastercard and selling spots on it? Just got my wife approved for one - curious to know how strict they are with all of this. Was wondering the same for Fidelity (I recently got the Fidelity Visa card). I think I saw one or two ppl get their accounts closed but they aren't sure if it was the tradeline sales that led to the closure or if it was due to opening another card under Elan... has anyone recently sold tradelines via Fidelity ?
Anyone here have a BMO Harris Bank Mastercard and selling spots on it? Just got my wife approved for one - curious to know how strict they are with all of this. Was wondering the same for Fidelity (I recently got the Fidelity Visa card). I think I saw one or two ppl get their accounts closed but they aren't sure if it was the tradeline sales that led to the closure or if it was due to opening another card under Elan... has anyone recently sold tradelines via Fidelity ?
I only work with Old Company now. They don't accept BMO Harris according to my latest copy of their FAQ, so I don't have a BMO Harris card and am obviously not selling spots on a card I don't have.
I have the Fidelity Visa card and it's currently seasoning until October when it hits 2 years of age. I'm currently deciding whether or not to sell tradelines on it. It is my daily driver and I like the 2% cash back into my Fidelity HSA. As of today I probably will sell spots on it, as the piggybacking income would exceed the 2% cash back after about three slots.
Anyone here have a BMO Harris Bank Mastercard and selling spots on it? Just got my wife approved for one - curious to know how strict they are with all of this. Was wondering the same for Fidelity (I recently got the Fidelity Visa card). I think I saw one or two ppl get their accounts closed but they aren't sure if it was the tradeline sales that led to the closure or if it was due to opening another card under Elan... has anyone recently sold tradelines via Fidelity ?
I only work with Old Company now. They don't accept BMO Harris according to my latest copy of their FAQ, so I don't have a BMO Harris card and am obviously not selling spots on a card I don't have.
I have the Fidelity Visa card and it's currently seasoning until October when it hits 2 years of age. I'm currently deciding whether or not to sell tradelines on it. It is my daily driver and I like the 2% cash back into my Fidelity HSA. As of today I probably will sell spots on it, as the piggybacking income would exceed the 2% cash back after about three slots.
I inquired with one company I work with now and they said they don't for BMO Harris. I'm assuming most don't... for the 2% CB, there's an option to direct the earnings straight into your HSA? Is this something you do in lieu of or supplemental to your work HSA (if you have one)? I had never thought of this - is there some added benefit doing it this way other than it being a more convenient way to redirect cashback?
Anyone here have a BMO Harris Bank Mastercard and selling spots on it? Just got my wife approved for one - curious to know how strict they are with all of this. Was wondering the same for Fidelity (I recently got the Fidelity Visa card). I think I saw one or two ppl get their accounts closed but they aren't sure if it was the tradeline sales that led to the closure or if it was due to opening another card under Elan... has anyone recently sold tradelines via Fidelity ?
I only work with Old Company now. They don't accept BMO Harris according to my latest copy of their FAQ, so I don't have a BMO Harris card and am obviously not selling spots on a card I don't have.
I have the Fidelity Visa card and it's currently seasoning until October when it hits 2 years of age. I'm currently deciding whether or not to sell tradelines on it. It is my daily driver and I like the 2% cash back into my Fidelity HSA. As of today I probably will sell spots on it, as the piggybacking income would exceed the 2% cash back after about three slots.
I inquired with one company I work with now and they said they don't for BMO Harris. I'm assuming most don't... for the 2% CB, there's an option to direct the earnings straight into your HSA? Is this something you do in lieu of or supplemental to your work HSA (if you have one)? I had never thought of this - is there some added benefit doing it this way other than it being a more convenient way to redirect cashback?
Yes, if you direct the 2% into a Fidelity account, then you get a better deal than straight cash back. I suppose one could do a Fidelity taxable account, but my taxable is with Vanguard and my HSA is with Fidelity so I just have it set up to autodeposit into my Fidelity HSA.
I'm retired so I don't have a work HSA.
The benefits are (1) better redemption on the 2% than I would otherwise get if I just cashed out, (2) I can take a tax deduction for my contributions to my HSA, and (3) all of the typical HSA benefits (tax deferral, tax free distributions for medical, etc.)
Fidelity HSA invested in VTI has had zero fees of any kind and perfect execution of my requests. I'm a fan of the product.
do you get less than 2% if you cash out?
Yes, if you direct the 2% into a Fidelity account, then you get a better deal than straight cash back. I suppose one could do a Fidelity taxable account, but my taxable is with Vanguard and my HSA is with Fidelity so I just have it set up to autodeposit into my Fidelity HSA.
I'm retired so I don't have a work HSA.
The benefits are (1) better redemption on the 2% than I would otherwise get if I just cashed out, (2) I can take a tax deduction for my contributions to my HSA, and (3) all of the typical HSA benefits (tax deferral, tax free distributions for medical, etc.)
Fidelity HSA invested in VTI has had zero fees of any kind and perfect execution of my requests. I'm a fan of the product.
Yes, if you direct the 2% into a Fidelity account, then you get a better deal than straight cash back. I suppose one could do a Fidelity taxable account, but my taxable is with Vanguard and my HSA is with Fidelity so I just have it set up to autodeposit into my Fidelity HSA.
I'm retired so I don't have a work HSA.
The benefits are (1) better redemption on the 2% than I would otherwise get if I just cashed out, (2) I can take a tax deduction for my contributions to my HSA, and (3) all of the typical HSA benefits (tax deferral, tax free distributions for medical, etc.)
Fidelity HSA invested in VTI has had zero fees of any kind and perfect execution of my requests. I'm a fan of the product.
Do you have to have a high deductible health insurance plan that qualifies for HSA contributions to be able to transfer Fidelity card points to Fidelity HSA the same year? Because I also have a Fidelity HSA account but i'm not eligible to make HSA contributions so I haven't transferred any points from my Fidelity card.
do you get less than 2% if you cash out?
My recollection is that if one does a straight cash out, it is only 1%. But it's been a year or so since I looked at it.
Is anyone else having trouble getting on to Elan’s Fidelity credit card website today? My card is not showing up on my Fidelity account. I thought maybe they closed it, so I tried calling in and the automated system seems to indicate it’s still open.
do you get less than 2% if you cash out?
My recollection is that if one does a straight cash out, it is only 1%. But it's been a year or so since I looked at it.
do you get less than 2% if you cash out?
My recollection is that if one does a straight cash out, it is only 1%. But it's been a year or so since I looked at it.
I just took another look at the options - if I were to get a statement credit, it seems like the rewards map based on what I earned? So as of today, I earned the $150 bonus (which shows as 15000 points) and then spent another $2000+ or so which added just under 4500 points. When I go to redeem the statement credit, it tells me 2500 points are worth $12.50, which I think still maintains 2% CB. I wouldn't think they would change the dollar-point ratio as that would impact the % CB they claim. Of course, gift cards are another story but that's different regardless (many CC rewards offer a bigger payout via "gift card sales" - where you can stretch your points a longer way when redeeming for certain GCs).
I'm *assuming* that whether you deposit straight to an HSA or statement credit, the point-cash valuation is the same no? So 2500 points deposited/converted to HSA is still $12.50 - or are you saying that the point-cash value is actually different with HSA, etc?
do you get less than 2% if you cash out?
My recollection is that if one does a straight cash out, it is only 1%. But it's been a year or so since I looked at it.
I just took another look at the options - if I were to get a statement credit, it seems like the rewards map based on what I earned? So as of today, I earned the $150 bonus (which shows as 15000 points) and then spent another $2000+ or so which added just under 4500 points. When I go to redeem the statement credit, it tells me 2500 points are worth $12.50, which I think still maintains 2% CB. I wouldn't think they would change the dollar-point ratio as that would impact the % CB they claim. Of course, gift cards are another story but that's different regardless (many CC rewards offer a bigger payout via "gift card sales" - where you can stretch your points a longer way when redeeming for certain GCs).
I'm *assuming* that whether you deposit straight to an HSA or statement credit, the point-cash valuation is the same no? So 2500 points deposited/converted to HSA is still $12.50 - or are you saying that the point-cash value is actually different with HSA, etc?
On my last statement, I spent $1,412.10 and was awarded 2,824 points. Those 2,824 points deposited into my Fidelity HSA will be worth $28.24. If I cashed them out instead, I would receive $14.12.
If you cash out your 2500 points for $12.50, that makes the value of the points 0.5 CPP. 0.5 CPP on a 2% card is equivalent to 1% cash back.
Your assumption in the last paragraph does not match my experience, and the value I receive varies by a factor of two depending on whether I cash them out or deposit them into a Fidelity account (an HSA in my particular case).
On my last statement, I spent $1,412.10 and was awarded 2,824 points. Those 2,824 points deposited into my Fidelity HSA will be worth $28.24. If I cashed them out instead, I would receive $14.12.
If you cash out your 2500 points for $12.50, that makes the value of the points 0.5 CPP. 0.5 CPP on a 2% card is equivalent to 1% cash back.
Your assumption in the last paragraph does not match my experience, and the value I receive varies by a factor of two depending on whether I cash them out or deposit them into a Fidelity account (an HSA in my particular case).
Ah ok. Thanks for clarifying. I'm sure they do this intentionally to cause confusion hahaha. If I were to transfer the $ into my Fidelity non-HSA cash account would I maintain the 2% then?
On my last statement, I spent $1,412.10 and was awarded 2,824 points. Those 2,824 points deposited into my Fidelity HSA will be worth $28.24. If I cashed them out instead, I would receive $14.12.
If you cash out your 2500 points for $12.50, that makes the value of the points 0.5 CPP. 0.5 CPP on a 2% card is equivalent to 1% cash back.
Your assumption in the last paragraph does not match my experience, and the value I receive varies by a factor of two depending on whether I cash them out or deposit them into a Fidelity account (an HSA in my particular case).
Ah ok. Thanks for clarifying. I'm sure they do this intentionally to cause confusion hahaha. If I were to transfer the $ into my Fidelity non-HSA cash account would I maintain the 2% then?
I think they do it that way to retain assets under management.
As to your question, probably. But they should make it pretty clear on the rewards redemption part of the website. It seemed pretty clear to me.
FWIW, I have it set up to auto redeem into my HSA every month. You can probably set it up to auto-redeem into your Fidelity account. They won't auto-invest it, though; I think it just goes into your cash/sweep/settlement. So I just go in every month and manually invest whatever cash has piled up.
Hm, maybe I'm missing it or something but I don't see where you can see the point-to-cash ratio/value for the Fidelity transfer. That said, I may just leave the points in the account until 2024, then turn on auto-redeem into the HSA. It's not like I need the cash right now or anything. I still think that's incredible that you can take the deduction via accumulated rewards. How does that even work in terms of the records/documents/statements for filing when it comes time to file?
Is anyone else having trouble getting on to Elan’s Fidelity credit card website today? My card is not showing up on my Fidelity account. I thought maybe they closed it, so I tried calling in and the automated system seems to indicate it’s still open.
Worked for me just now via fidelity.com -> log in -> portfolio -> credit cards.
Has the old company been accepting new cards or only from existing sellers?
I signed up for the waiting list probably two years ago at this point and haven't heard anything.
Has the old company been accepting new cards or only from existing sellers?
I signed up for the waiting list probably two years ago at this point and haven't heard anything.
They have not opened enrollment for new cards in a looooong time. For both new and existing sellers.
Has anyone had trouble with AUs posting with Capital One recently with old company or any other service? I have a Capital One card with old company which has been consistently filled with no posting issues, except the most recent AU claims it did not post on their credit report. This AU was definitely added, they show as an AU in my online account and most recent statement, and I received the card from Capital One. Capital One's online add process was slightly different this time, where a second window popped up asking for the AU's ssn in order to "provide online access." I remember adding the SSN with prior AUs so did so this time also.
Has anyone had trouble with AUs posting with Capital One recently with old company or any other service? I have a Capital One card with old company which has been consistently filled with no posting issues, except the most recent AU claims it did not post on their credit report. This AU was definitely added, they show as an AU in my online account and most recent statement, and I received the card from Capital One. Capital One's online add process was slightly different this time, where a second window popped up asking for the AU's ssn in order to "provide online access." I remember adding the SSN with prior AUs so did so this time also.
I received a weird voicemail from Barclays security recently saying that they received information from the credit bureaus, and they believe one of my accounts might not be valid. I have a couple of cards and use one of them for TLs. I googled the number to make sure it wasnt phishing, then called it. The representative checked my account and said there was no problem. I checked my account online and credit karma and didn't see anything wrong there either. Has anyone else received a similar call?
I received a weird voicemail from Barclays security recently saying that they received information from the credit bureaus, and they believe one of my accounts might not be valid. I have a couple of cards and use one of them for TLs. I googled the number to make sure it wasnt phishing, then called it. The representative checked my account and said there was no problem. I checked my account online and credit karma and didn't see anything wrong there either. Has anyone else received a similar call?
I received a weird voicemail from Barclays security recently saying that they received information from the credit bureaus, and they believe one of my accounts might not be valid. I have a couple of cards and use one of them for TLs. I googled the number to make sure it wasnt phishing, then called it. The representative checked my account and said there was no problem. I checked my account online and credit karma and didn't see anything wrong there either. Has anyone else received a similar call?
I have not received such a call and don't remember anyone here reporting that.
It seems odd to me with the outcome of your follow up call. I would be careful of such cases as it could be spoofing. It is pretty easy for someone to fake caller id. Using a number of a big credit card company or bank and then hoping to get someone to disclose information seems like a tactic a baddie might use. Be careful!
I might suggest calling the number on the back of the card in such instances also in addition to confirming the number via google and calling it back.
You may know all of this, OP. Others may not so I hope it helps someone.
I received a weird voicemail from Barclays security recently saying that they received information from the credit bureaus, and they believe one of my accounts might not be valid. I have a couple of cards and use one of them for TLs. I googled the number to make sure it wasnt phishing, then called it. The representative checked my account and said there was no problem. I checked my account online and credit karma and didn't see anything wrong there either. Has anyone else received a similar call?
I have not received such a call and don't remember anyone here reporting that.
It seems odd to me with the outcome of your follow up call. I would be careful of such cases as it could be spoofing. It is pretty easy for someone to fake caller id. Using a number of a big credit card company or bank and then hoping to get someone to disclose information seems like a tactic a baddie might use. Be careful!
I might suggest calling the number on the back of the card in such instances also in addition to confirming the number via google and calling it back.
You may know all of this, OP. Others may not so I hope it helps someone.
I googled the number before calling. I is listed as barclays on gehuman.com, a website which i had used before several times. Then when i called and entered my card details, the automated system told me the exact card balance, which I double checked online and it was correct and included very recent charges. So if that was a scam, it must have been an extremely sophisticated one.
Here's the number btw https://gethuman.com/phone-number/Barclays/customer-service/~15284
Hello all -- in terms of a portfolio of cards for TLs...I'm thinking of using one card per issuer and then limiting to 2 AUs per card...I think the old company has this as a limit as well of 2 AUs per card, so that's sort of a moot point anyway.
With that being said...would it make sense to have two cards in play from Barclays? Thinking about this because I have heard that risk of closure from this issuer is quite low. I haven't even signed up for the cards yet from them, but I'm trying to define what the end goal looks like so I can apply for the right cards as fast as possible.
Basically my vision is to just have one card for each issuer that the old company will allow, and maybe two for Barclays, and maybe or maybe not sell TLs with Chase and then at that point declare my TL sidehustle to be fully established.
Anything else I would really want to do or consider?
Thanks!
Hello all -- in terms of a portfolio of cards for TLs...I'm thinking of using one card per issuer and then limiting to 2 AUs per card...I think the old company has this as a limit as well of 2 AUs per card, so that's sort of a moot point anyway.
With that being said...would it make sense to have two cards in play from Barclays? Thinking about this because I have heard that risk of closure from this issuer is quite low. I haven't even signed up for the cards yet from them, but I'm trying to define what the end goal looks like so I can apply for the right cards as fast as possible.
Basically my vision is to just have one card for each issuer that the old company will allow, and maybe two for Barclays, and maybe or maybe not sell TLs with Chase and then at that point declare my TL sidehustle to be fully established.
Anything else I would really want to do or consider?
Thanks!
Another Mustachian in a different thread mentioned that a bank came after (sued) a person who was paid for adding an unkown authorized user. It's somewhere in this huge thread. Anyone know what page number by any chance? I'd like to sell tradelines but I am worried about any legal implications. Just wondering how that was resolved and if it was true or not. I think it's in this thread, anyways.
You might try clicking the "Print" button in the lower right, which will put the whole thread in a single screen where you can search for other terms. I just searched for " sue " (you have to put the extra space in before to avoid matching with "issuer", which is used much more frequently on this thread).
I'll second this as an awesome trick that I'd never thought of before!Another Mustachian in a different thread mentioned that a bank came after (sued) a person who was paid for adding an unkown authorized user. It's somewhere in this huge thread. Anyone know what page number by any chance? I'd like to sell tradelines but I am worried about any legal implications. Just wondering how that was resolved and if it was true or not. I think it's in this thread, anyways.
The only mentions of suing in this thread that I could find are people suing issuers for closing their accounts without providing a reason.
You might try clicking the "Print" button in the lower right, which will put the whole thread in a single screen where you can search for other terms. I just searched for " sue " (you have to put the extra space in before to avoid matching with "issuer", which is used much more frequently on this thread).
It would be nice to double or triple your income (or more) by cutting out the middle man. I thought about selling tradelines directly, even posted some questions about it in this topic. Haven't tried it yet. The main reason is that there is too much sketchy stuff going on in the tradeline space (especially with CPNs which are basically fake/fraudulent SSNs). A reputable company, like the old one, is supposed to verify SSNs and protect us sellers from dealing with sketchy buyers. I am not sure I can do the same as an individual. Another reason is that I would have to look for clients myself, and I hate doing sales.
Has anyone had trouble with AUs posting with Capital One recently with old company or any other service? I have a Capital One card with old company which has been consistently filled with no posting issues, except the most recent AU claims it did not post on their credit report. This AU was definitely added, they show as an AU in my online account and most recent statement, and I received the card from Capital One. Capital One's online add process was slightly different this time, where a second window popped up asking for the AU's ssn in order to "provide online access." I remember adding the SSN with prior AUs so did so this time also.
I had the same second window
It would be nice to double or triple your income (or more) by cutting out the middle man. I thought about selling tradelines directly, even posted some questions about it in this topic. Haven't tried it yet. The main reason is that there is too much sketchy stuff going on in the tradeline space (especially with CPNs which are basically fake/fraudulent SSNs). A reputable company, like the old one, is supposed to verify SSNs and protect us sellers from dealing with sketchy buyers. I am not sure I can do the same as an individual. Another reason is that I would have to look for clients myself, and I hate doing sales.
Yeah, I'm fine getting $175 for literally 5 minutes of work. Getting $600 would be nice but would require way more work (and risk).
Does anyone know what the max authorized users is for AmEx (non charge cards)?
Does anyone know what the max authorized users is for AmEx (non charge cards)?
99 is where you max out. I sell a lot of Amex with another company though like everything else it’s slowed down. I maxed out one card at 99 and the transferred the credit to another one and Ive used about 20 spots there. Not all at once of course.
My card that I hit 99 will reset in a couple of years though. It’s not lifetime like Barclays.
Has anyone had trouble with AUs posting with Capital One recently with old company or any other service? I have a Capital One card with old company which has been consistently filled with no posting issues, except the most recent AU claims it did not post on their credit report. This AU was definitely added, they show as an AU in my online account and most recent statement, and I received the card from Capital One. Capital One's online add process was slightly different this time, where a second window popped up asking for the AU's ssn in order to "provide online access." I remember adding the SSN with prior AUs so did so this time also.
I had the same second window
Did you add the AU's SSN? What email did you use and what about the AU's physical address? I am hearing mixed signals with capital one tradelines recently.
I was looking online at cards to add and season, and some of them are charging up to 30.99% APR now! Sheesh, no wonder so many people are having trouble paying down their debts.
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Mine was shut down. I only had maybe 4 AUs total over its entire history. Chase told me that in reviewing the account, they saw AUs added and shortly after removed. Well, that's what we do with tradelines, so if they decide to review your account, it'll be burned.
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Mine was shut down. I only had maybe 4 AUs total over its entire history. Chase told me that in reviewing the account, they saw AUs added and shortly after removed. Well, that's what we do with tradelines, so if they decide to review your account, it'll be burned.
How long did you keep the AUs?
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Mine was shut down. I only had maybe 4 AUs total over its entire history. Chase told me that in reviewing the account, they saw AUs added and shortly after removed. Well, that's what we do with tradelines, so if they decide to review your account, it'll be burned.
How long did you keep the AUs?
4 months
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Mine was shut down. I only had maybe 4 AUs total over its entire history. Chase told me that in reviewing the account, they saw AUs added and shortly after removed. Well, that's what we do with tradelines, so if they decide to review your account, it'll be burned.
How long did you keep the AUs?
4 months
Thank you for the data points! Very much appreciated
Can I ask if you had a checking account with direct deposit with them, or did you only have credit cards with them?
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Mine was shut down. I only had maybe 4 AUs total over its entire history. Chase told me that in reviewing the account, they saw AUs added and shortly after removed. Well, that's what we do with tradelines, so if they decide to review your account, it'll be burned.
How long did you keep the AUs?
4 months
Thank you for the data points! Very much appreciated
Can I ask if you had a checking account with direct deposit with them, or did you only have credit cards with them?
Different person's data points:
2 cards, 2 slots available, 4 months at a time, 43 slots sold (most with Old Company) over the past seven years, no shutdowns. No other accounts with Chase.
I do follow all Old Company recommendations for how to do things. I think that helps some, but I also think it sometimes just boils down to luck.
We reviewed your recent application for a new CHASE FREEDOM FLEX World Elite account, but we
did not approve it because:
A prior credit card or deposit account was closed by Chase
I had a 10+yr old Chase Freedom that sold some over a dozen AU's (1-2 at a time) over about 2 years before getting shut down in 2021 along with a newer Chase Amazon Prime card with it
still using Chase as my main checking account, but just tried re-applying for Freedom and got rejected per below despite 800+ credit score and >10:1 income:rent ratioQuoteWe reviewed your recent application for a new CHASE FREEDOM FLEX World Elite account, but we
did not approve it because:
A prior credit card or deposit account was closed by Chase
If chase closes your consumer cards, do they close your business cards too?
When you say 2 slots available, is that 2 slots available per card? Or is that 2 slots available total, 1 for each card?
When you say 2 slots available, is that 2 slots available per card? Or is that 2 slots available total, 1 for each card?
2 slots per card times two cards, total of 4 Chase slots.
Can barclays reduce your credit limit if it's very high but you only use that card for small transactions? For example, if you have 3 cards with Barclays, move most of your total credit line to one of them and use it for TLs? Never happened to me, just trying to understand how likely it is to happen.
Can barclays reduce your credit limit if it's very high but you only use that card for small transactions? For example, if you have 3 cards with Barclays, move most of your total credit line to one of them and use it for TLs? Never happened to me, just trying to understand how likely it is to happen.
Never had a CL reduced, and have had a number of cards with Barclays and other issuers where I am doing exactly as you describe.
What can happen is that issuers will close accounts for lack of activity after 6 or 12 months. If the card is getting TL orders, not a problem. But I have a tickler task to use each of my cards at least once a year to keep them open.
Chase reduced the credit line for one of my cards when i opened another one. That's the only time I remember when my credit limit was reduced. I called them and moved that credit limit back to the old card, left just enough to meet the sign up bonus requirement for the new one
Usually when credit card companies change networks, it doesn't affect the card age they report to the bureaus.I think when the company changes the network, the age stays. So if Elan went from Mastercard to VISA, the age is the same since it's the same account.
It’s been slow the past few months for me.If that were true, everyone complain all the time. :) And expect immediate results.
Though I’m hoping this post causes an uptick. In the past, every time I complained with slow sales, they would immediately bounce back as if the TL gods were paying attention.
It’s been slow the past few months for me.If that were true, everyone complain all the time. :) And expect immediate results.
Though I’m hoping this post causes an uptick. In the past, every time I complained with slow sales, they would immediately bounce back as if the TL gods were paying attention.
Thanks for the data point. I will continue to wait.
How are everyone's sales?
I haven't had a sale in 6 months and spring is usually a busy time. Not sure if it's just me or that sales are down across the board. Yes, my cards' advertised prices are higher than the others in the age and CL slots so I usually get sales after the other cards are filled.
How are you able to advertise your cards at higher prices than other similar cards? Isn't there a fee schedule based on card age and credit line? I know the old company has it and you can't really negotiate fees.I don't advertise. I have the same payment schedule advertised from old company as everyone else. I look at the buy side of the website and can identify my cards compared to others in the same age and CL segment. My cards are a couple hundred dollars or higher than comparative cards. I'm guessing that I'm newer or that is the new price for newly listed cards. All the cards will eventually fill up on AUs. As the cheaper cards get sales, I will get sales.
For me, Jan-May were busy but things have slowed down a little bit since June.
I'm with Old Company. My sales are down about 30% this year compared to the average of the prior four years.
June historically has been a busy month for sales, but June this year I only had one sale.
It'd be interesting to try to understand why. It's clearly affecting multiple sellers of AUs, and probably multiple TL companies (?). Haven't heard any headlines about the industry to scare off customers. Maybe the market is getting more saturated so the same sales are getting spread across more sellers/TL companies.
I wonder if any of the TL companies will try to lower pricing (either theirs to customers or to us as TL sellers) like one of them did a few years ago.
I just saw a facebook post on ChooseFI where an authorized user somehow called the credit card company and got 7500$ cash advance. I am not sure what company it was through but I would caution everyone when adding AUs. Check and make sure every avenue for them to do this is closed.
I just saw a facebook post on ChooseFI where an authorized user somehow called the credit card company and got 7500$ cash advance. I am not sure what company it was through but I would caution everyone when adding AUs. Check and make sure every avenue for them to do this is closed.
I just saw a facebook post on ChooseFI where an authorized user somehow called the credit card company and got 7500$ cash advance. I am not sure what company it was through but I would caution everyone when adding AUs. Check and make sure every avenue for them to do this is closed.
Which bank? Can you copy and paste the post or link?
If you pay it before the statement date, it shouldn't report. If you wait until the last minute, it may.
Seems the credit cards only report the statement amount. So pay it before the statement hits if you have an AU on the card. If no AU, it doesn't matter.
So a question about the new company (think of the one Cliff pays you from). Do they EVER pay without multiple emails and a prodding from Joe? Whenever the old company opens up, I've shut down cards with the new company and moved them over to the old as they never have shown any paying problems. Just curious if it's more than just me seeing this.
So the Barclaycard website asked me to verify an AU's information twice... I entered the information initially, it appeared to accept it, but then the website seemed to flag it and indicated I could have account restrictions on my account if I didn't verify the AU info. When I went in to verify the info, it had some fields prefilled with info I had entered previously, other fields required me to select a value (like relationship), and it preselected noncitizen on the citizenship question, even though I had previously selected US citizen. (US citizenship verified by tradeline company.) So I verified everything, it thanked me for doing so, and all looked fine. A week later I went into the Barclaycard website to remove an earlier AU, and found the same AU required verification again. I'm wondering if other people have experienced Barclaycard verification requests and if it typically precedes a posting or other problem?I'm seeing the same issue with barclays, will see if everything posts ok
So the Barclaycard website asked me to verify an AU's information twice... I entered the information initially, it appeared to accept it, but then the website seemed to flag it and indicated I could have account restrictions on my account if I didn't verify the AU info. When I went in to verify the info, it had some fields prefilled with info I had entered previously, other fields required me to select a value (like relationship), and it preselected noncitizen on the citizenship question, even though I had previously selected US citizen. (US citizenship verified by tradeline company.) So I verified everything, it thanked me for doing so, and all looked fine. A week later I went into the Barclaycard website to remove an earlier AU, and found the same AU required verification again. I'm wondering if other people have experienced Barclaycard verification requests and if it typically precedes a posting or other problem?
So the Barclaycard website asked me to verify an AU's information twice... I entered the information initially, it appeared to accept it, but then the website seemed to flag it and indicated I could have account restrictions on my account if I didn't verify the AU info. When I went in to verify the info, it had some fields prefilled with info I had entered previously, other fields required me to select a value (like relationship), and it preselected noncitizen on the citizenship question, even though I had previously selected US citizen. (US citizenship verified by tradeline company.) So I verified everything, it thanked me for doing so, and all looked fine. A week later I went into the Barclaycard website to remove an earlier AU, and found the same AU required verification again. I'm wondering if other people have experienced Barclaycard verification requests and if it typically precedes a posting or other problem?I'm seeing the same issue with barclays, will see if everything posts ok
What do y'all use for AU phone numbers with BofA AU adds?
The AU’s phone number!
What do y'all use for AU phone numbers with BofA AU adds?I always just put my phone number. Figured if they needed to talk to someone, they could call me.
Yes me too. The last thing I would want is the CC company to talk to an AU.What do y'all use for AU phone numbers with BofA AU adds?I always just put my phone number. Figured if they needed to talk to someone, they could call me.
What do y'all use for AU phone numbers with BofA AU adds?
Anyone? Bueller?
I only signed on with old company maybe a year and a half ago, and I listed my Citi card with them from the start, along with 3 other cards. The Citi is the only one that has been selling for the last 9 mo. or so, and even then only one slot every few months ($75 b/c $12.5k CL). So all in all, not much of a moneymaker for me. Back in the beginning I think I sold a few Barclays slots @ $25 per, but not in a long time.
I have to say my experience with how much money can be made from tradeline selling has been markedly different from the reports on here by the longtime sellers like Arebelspy, etc. And the tradeline companies can be fairly demanding, in terms of always being ready to drop everything going on in your life to add an AU in a very particular way, especially when it has to be done by phone like Citi. I'm grateful to Arebelspy for helping us all with the process. I'm only saying that newbies should maybe be aware that things seem to have changed a little for the worse since the thread was first started.
Yes me too. The last thing I would want is the CC company to talk to an AU.What do y'all use for AU phone numbers with BofA AU adds?I always just put my phone number. Figured if they needed to talk to someone, they could call me.
Thanks for all the tips y'all. I do have a Citi Custom Cash cards but only about a year of history; I'll mature that one over a few years and get credit limit increased -- I'd really hate to lose it though because I get 5% cash back at Aldi and the awesome discount grocer I go to.
I didn't realize Amex cards were useful for selling tradelines. Does the old/new tradeline company use them?
I have a question about Barclays AAdvantage card: when you downgrade the card to another without an annual fee, do you lose the AAdvantage American Airlines miles? Would be nice to hold onto them and use over like 2 or 3 years. My BF could use to visit his mom. Barclays is offering me 50k miles and a waived annual fee for the first year. I'm tempted to apply for the Barclays AAdvantage card but I just applied and was approved for the Discover IT Cashback card just a few days ago. I have 6 hard inquiries on my Transunion report and 4 on Equifax.
EDIT: I'll have only 3 hard inquiries on TransUnion in Mid June -- three will drop off by then. Perhaps I'll apply for the Barclays card then. Then my BF can visit his mom in say July and then May of the following year -- can get 2 round trips w/ the 50k miles; after that then downgrade the card to avoid the annual fee.
Yes. The last time an AU spoke with the CC company, my account was immediately doomed. CC company closed my account within 24 hours. I still got paid, but that Elan card is long gone.I've had 2 AU that didn't post after I had added them. The first AU called the card company and reported fraud and had their account closed before it posted. Old Company wasn't amused. All I could say to the card people, was that "I'd have to talk and find out why they did that. That was not what we discussed." Duck and run.
Speaking of BOA!!! After adding an AU on your BOA card, has anyone else gotten a letter from BOA asking you to call them so they "can get more information about the person you'd like to add as an AU"?
This came today, about 3 weeks after adding the AU. Hopefully it didn't cause the AU not to post!
EDIT!! - Secondcore521, I just realized you may have had the same experience!
Yes. The last time an AU spoke with the CC company, my account was immediately doomed. CC company closed my account within 24 hours. I still got paid, but that Elan card is long gone.I've had 2 AU that didn't post after I had added them. The first AU called the card company and reported fraud and had their account closed before it posted. Old Company wasn't amused. All I could say to the card people, was that "I'd have to talk and find out why they did that. That was not what we discussed." Duck and run.
The other did the same thing with another card in the same month. I got paid but they caused a lot of heart burn for me and Old Company.
Sorry to hear that yours cost you a card.
I put my phone number for the AU's also. I am getting debt collector calls for one of them now. The google number is something to look into. Lots of good ideas here.
Yeah, it was a real head scratcher trying to figure out why someone willingly signed up and paid a decent amount of $ for a credit boosting service, then called the CC company to report fraud and have it all shut down.It’s the nature of the beast. There are usually reasons why some people have low credit scores.
If someone is selling tradelines but their credit score gets dinged by collections or other negative marks, can they still keep selling tradelines provided that the negative mark is not for the credit cards they use for TLs? For example, if it's an unpaid medical bill, unpaid rent etc that goes into collections, does that show on their AU credit reports too?
This could happen for many reasons even to financially responsible people, including hospital billing errors, forgotten bills not getting paid... even gym memberships sometimes dont get properly canceled and go into collections
new company
new company
Thanks. I’ll have to email them.
Unfortunately the good company told me they aren’t taking BoA anymore. Can’t remember the reason—either high shut down rate or low posting rate.
Heh, it’s now “bad company and good company” instead of new/old company.
Is anyone else having posting issues with Chase cards lately, in the last 2-3 months?
I have been selling my Chase card since 2019 and have sold a total 42 spots... No issues at all, until the last two AU's did not post.
I have always added AU's online (which doesn't not ask for SSN).
I think I will do a test and add my son over the phone so that I can provide the SSN.
I see Alliant Credit Union Credit Cards are now accepted by old company. Application and approval completed quickly.
I'm glad to see they are adding more banks.
@katsiki Go to the FAQ at old company and check the updated page 5 FAQ for cards they accept. It will list Alliant but not specify the bank or the credit union.
The nice lady confirmed it was Alliant CU. So use the SUB code to open a savings account from DOC and apply for a card. I didn't find a referral program.
@Riker626 can you really reset TL limit for barclays by changing the product? I tried that a couple of times and couldn't do it. Also they seem to only be able to change products to the same kind of co branded card (e.g. Wyndham premium to Wyndham free card).
The only time I think my limit was reset was when they discontinued one of their co branded cards and sent me a new plain card in exchange.
I know that Discover limits AUs to 7 annually. However is that per card or per person in general?Ask the nice Lady. They were trying to figure it out and I didn't get a good answer last year when this started.
Thanks in advance
What's the latest situation with Barclays? This is my first Barclays AU add and I'm instructed (by the new company) to call in to add because there is no way to provide SSN online. Is this necessary? I'm away and can't call in.
Thanks!
What's the latest situation with Barclays? This is my first Barclays AU add and I'm instructed (by the new company) to call in to add because there is no way to provide SSN online. Is this necessary? I'm away and can't call in.
Thanks!
Same question? are you guys calling in to add the SSN or you just do it online without the SSN and it still works. I haven't sold tradelines in a while. Thanks.
Old/Good company's written instructions say for Barclays to do it online with name/DOB/address.
What's the latest situation with Barclays? This is my first Barclays AU add and I'm instructed (by the new company) to call in to add because there is no way to provide SSN online. Is this necessary? I'm away and can't call in.
Thanks!
Same question? are you guys calling in to add the SSN or you just do it online without the SSN and it still works. I haven't sold tradelines in a while. Thanks.
If you're away you're supposed to put your cards on hold.
Old/Good company's written instructions say for Barclays to do it online with name/DOB/address.
What's the latest situation with Barclays? This is my first Barclays AU add and I'm instructed (by the new company) to call in to add because there is no way to provide SSN online. Is this necessary? I'm away and can't call in.
Thanks!
Same question? are you guys calling in to add the SSN or you just do it online without the SSN and it still works. I haven't sold tradelines in a while. Thanks.
If you're away you're supposed to put your cards on hold.
Old/Good company's written instructions say for Barclays to do it online with name/DOB/address.
Is the cap for the Barclays Cards 35 authorized user for the life of the car or yearly?
All Barclays cards are equal. Grab the one with the largest sign up bonus.
<If you get the AARP (no age requirement), you will get all kinds of Medicare, insurance and spam calls. I am not amused. Yes, I turned off the affiliate sales calls notifications twice already. They will sell your information and wear your phone out.>
No clue about Wells Fargo.
I've gotten the Aviator bonus twice, and it's rather easy and lucrative to do. Can't recall offhand if it was the exact same card but I think it was - Aviator Red MC or some such. Check the T&C if you decide to apply - the language will be in there as to what the rules are. Or Doctor of Credit might have data points on that one.Remind me what the rules are about referral bonuses here. OK if they ask?
I've gotten the Aviator bonus twice, and it's rather easy and lucrative to do. Can't recall offhand if it was the exact same card but I think it was - Aviator Red MC or some such. Check the T&C if you decide to apply - the language will be in there as to what the rules are. Or Doctor of Credit might have data points on that one.
I have gotten a lot of useful info from this forum and wanted to provide some input from my experience of my Chase cards getting shut down last week. Hopefully this can help others.
But first let me say that I'm not upset, I knew this was possible, have about 20-22 cards, and could loose all but maybe 2 (any 2) and be OK. So, no worries on my side.
So my account came under review and was shut down for "Too many requests for credit or reviews of credit" and "Account not used as intended". So why did it come under review? My belief is I was doing too many new activities with Chase all at the same time. If all you are doing is AUs at the recommended lever I don’t believe it would be reviewed.
AU placement:
I have only used the old company for this card.
Only had 1 AU at the moment of review.
2 in 2020; 6 in 2021; 4 in 2022; 2 in 2023 (counting the current UA) - 14 total life.
CC was 11 years old, 20k card, but relatively low usage (50 to 1,500 a month).
Not enough to warrant a review by itself.
Other activity:
1st: I had finally waited long enough on the 5/24 rule and got a 2nd chase CC, limit 21.5k. I also did a CLI on my primary Chase card from 16k to 20k.
2nd: I then opened 4 other CCs and did several CLIs on other cards.
3rd: I wanted to give Chase more account activity for the checking account, thinking they would like that, so changed my payroll deposit over to Chase.
4th: I funded a stock market account using my Chase account, this was done primary because the stock market account has rules against funding it from multiple sources in a given time period, since I had used Chase in the last year, I choose to transfer funds from another checking account to Chase and then move those funds to my stock account.
5th: All this movement drained my other account that I use for basic bills, so once payroll deposits started coming in, I then transferred some of those funds back to my original checking. Movement in 3 different directions to 2 different accounts.
6th: Checking balance for Chase dropped from about 26k to about 2k.
So I think I had a lot of flags pop up at the same time, then all they had to do was see all the AUs and cancel both CCs. Went through the review process for reinstatement but didn’t get it. You have to call a special number and then get moved up a series of people till you get to the “not nice guy”. They didn’t like all the different last names for AUs and new CCs. Told them I was getting new cards for all the different benefits and the AUs were in laws and associates I was trying to help out. Didn’t work, lol. Was told I could ask for reinstatement again in 30 days, not sure I will do that or not. I fully expect the ability to get another chase CC after the 5/24 rule, sooner if I hadn't just gotten several others. My moral line is if I get them reinstated then I wouldn’t do any more AUs with Chase, but if they are canceled and I wait to get new cards then I’m going to do it again.
Odd part is they didn’t close my checking account, everyone says they shut everything down but not my checking account.
I had a lot of unused rewards in my primary card (175.35 worth), they didn’t remove it online, so I just recently had it sent to my checking account, hopefully it goes through.
The 2nd card I just got had a 200.00 SUB that I had already met the spending on, but it has not shown up yet, however I have also not received my first billing statement for it yet, so it might still show up, not sure.
Anyway, it was my oldest card but not upset, I have many others, and really don’t care what a bank thinks of me, there are many others, don’t fear them. The recent addition of cards dropped my TransUnion score from 842 to 818. Equifax is still 831. Have to see what loosing Chase does, loosing the old one isn’t good but loosing the new card will probably help, still expecting a small drop.
Hope this helps 😊
Citi is removing their tradelines completely from AU's credit files. These are no longer showing as inactive let alone active accounts. They are totally removed. I still have people on my card that the company is saying they have been removed entirely. Is anyone else seeing this? Seems strange as we never removed the AUs and they show as active on our end. They said this is a new trend.I still see my AUs listed on my Citi card.
This is neither old nor new company, so I hope I'm not breaking any rules here by calling out gfsgroup.org (if it is, please take it down or I can remove/edit as well) -- but a word of caution to those looking to explore outside old/new company.
I worked with them with clear and constant communication for about 3 months, but recently when it came time to payment for one of my TLs, I've been ghosted for over a week, with several other TLs on my cards that I don't expect to get paid either. I'll be removing everything and not looking to work them any longer.
[Redacted out of date information about tradeline company comparisons.]
Choosing a Tradeline Company
There are a lot of bad actors in this industry. Scams at worst, but often just people looking to make a quick buck, not worrying about doing things the "right" way.
I've researched probably 15-20 tradeline companies, and have only found two that I think properly protect the cardholders (you, the one selling the tradelines) via their vetting of Authorized Users to help prevent fraud, have good information security (protect your information properly via good IT security practices), and have been in business long enough to be trustworthy.
If you decide to try out the many choices in tradeline companies out there, please do your due diligence on the company. Downside scenarios include a much higher likelihood of your cards getting closed, but worse, potentially participating in fraud (versus the lengths the good companies go to avoid that, as a protection for you).
If you want a referral to the two tradeline companies I recommend, Click Here To Send Me a PM (http://forum.mrmoneymustache.com/pm/?sa=send;u=25).
I sent what I guess will be a new, annual message to the new company, reminding them that I have not been paid since last August despite having constant AUs put on. We'll see if anything happens.
Has anyone heard that PNC now limits AUs to 5 per year?
Has anyone heard that PNC now limits AUs to 5 per year?
Is anyone else having posting issues with Chase cards lately, in the last 2-3 months?
I have been selling my Chase card since 2019 and have sold a total 42 spots... No issues at all, until the last two AU's did not post.
I have always added AU's online (which doesn't not ask for SSN).
I think I will do a test and add my son over the phone so that I can provide the SSN.
Is anyone else having posting issues with Chase cards lately, in the last 2-3 months?
I have been selling my Chase card since 2019 and have sold a total 42 spots... No issues at all, until the last two AU's did not post.
I have always added AU's online (which doesn't not ask for SSN).
I think I will do a test and add my son over the phone so that I can provide the SSN.
Update on Chase... I have been selling tradelines on two Chase cards since 2018. I have sold 44 spots on one and 45 on the other.
I mentioned in my previous post (see above) that I am having issues with the last 2 AU's on one of the Chase cards.
So last month I added my adult son to that card. I did receive his AU card in the mail a few days later.
However, it has been over a month now and he has not posted per his Credit Karma
My other Chase card seems to be working fine still.
I was thinking about using Chase's Secure Message and email a question to see if they can research why my son is not posting.
What say you? Should I do that? I'm a little worried that may prompt them to dig into my other Chase card as well and see 90 AU's between the two cards in the last 5 years!!! and shut me down.
I'm a little mystified about this whole process. Some posters write about going thru lots of AUs and not getting closed down.
Chase closed my card down after 10 AUs in 5 years.
Now Capital One restricted my account after 5 AUs in 3 years.
Capital One wants copies of the driver's licenses and social security cards of the last 2 AUs. I notified Erica and she responded "This is what generally happens before they close your account. We dont supply the DL or SS card because they are only trying to fish for information." I'm disappointed by that response because my understanding was that they would provide those documents if needed. Maybe it's only the other company that does that.
Anyway, I've still got a few cards in use, just waiting for them to also be closed. It's a little easy money in the meantime.
I'm a little mystified about this whole process. Some posters write about going thru lots of AUs and not getting closed down.
Chase closed my card down after 10 AUs in 5 years.
Now Capital One restricted my account after 5 AUs in 3 years.
Capital One wants copies of the driver's licenses and social security cards of the last 2 AUs. I notified Erica and she responded "This is what generally happens before they close your account. We dont supply the DL or SS card because they are only trying to fish for information." I'm disappointed by that response because my understanding was that they would provide those documents if needed. Maybe it's only the other company that does that.
Anyway, I've still got a few cards in use, just waiting for them to also be closed. It's a little easy money in the meantime.
When BofA closes your card for selling TLs, do they close all of your other cards as well?With the caveat that anything can change any time, and any issuer can do whatever they want at anytime... No, not historically/typically.
When BofA closes your card for selling TLs, do they close all of your other cards as well?
Earlier this year, BOA closed both my cards, even though I was only selling TLs on the one.Same here. Cap One shut down both cards for me and P2 at the exact same time yesterday. They must have just done a sweep.
FYI - I just had a CapOne card closed for "fraud" after 14 total sales since 2020, 7 of which were this year. So far the other two CapOne cards I am seasoning are still alive....fingers are crossed.
Earlier this year, BOA closed both my cards, even though I was only selling TLs on the one.Same here. Cap One shut down both cards for me and P2 at the exact same time yesterday. They must have just done a sweep.
FYI - I just had a CapOne card closed for "fraud" after 14 total sales since 2020, 7 of which were this year. So far the other two CapOne cards I am seasoning are still alive....fingers are crossed.
I have a Cap One card with an AU on it, and I didn't get shut down. I wonder what the criteria was for their sweep?
I just added a new Cap One AU the other day, then saw the notice from the company. yep, my Cap One got restricted. I didnt keep track of how many AUs I had on it over the years...but pretty consistent over the last 2-3 years. Oh well. It was good while it lasted. I have a few other cards that are still operating.
This is neither old nor new company, so I hope I'm not breaking any rules here by calling out gfsgroup.org (if it is, please take it down or I can remove/edit as well) -- but a word of caution to those looking to explore outside old/new company.
I worked with them with clear and constant communication for about 3 months, but recently when it came time to payment for one of my TLs, I've been ghosted for over a week, with several other TLs on my cards that I don't expect to get paid either. I'll be removing everything and not looking to work them any longer.
Sounds like they are following the New company strategy.
I just added a new Cap One AU the other day, then saw the notice from the company. yep, my Cap One got restricted. I didnt keep track of how many AUs I had on it over the years...but pretty consistent over the last 2-3 years. Oh well. It was good while it lasted. I have a few other cards that are still operating.
If it's only restricted and not closed, you might be able to salvage the card, not add AUs for six months or so, then resume. I've had that happen a time or two.
If a TL company asks you to provide a W9 form and you are selling TLs as a sole proprietor, is it ok to give them your EIN number (not SSN)? Could this cause any issues with income tax reporting?
This is neither old nor new company, so I hope I'm not breaking any rules here by calling out gfsgroup.org (if it is, please take it down or I can remove/edit as well) -- but a word of caution to those looking to explore outside old/new company.
I worked with them with clear and constant communication for about 3 months, but recently when it came time to payment for one of my TLs, I've been ghosted for over a week, with several other TLs on my cards that I don't expect to get paid either. I'll be removing everything and not looking to work them any longer.
Hey guys, I'm new here on the forum but not new to MMM.. First heard him on Tim Ferris' Podcast back in like 2017. Anyway, I created an account specifically to address this post as well as a few other things.
First - I have a very good and direct connection with the owner of GFS Group. If you're experiencing trouble with a payment, tell me your name and I'll get it rectified immediately by contacting the owner. That's assuming that your post is authentic, and, you're not just a competitor trying to smear them.
Secondly - A lot of things are changing within the realm of tradelines, and, possibly due to the weird banking system and financial "crisis" they're in, they could be attempting to clean house on certain users.
I can tell you right now, GFS Group CAN AND WILL pay higher commissions than any other company out there right now - they can and will also pay faster. I can say that with 100% confidence. Additionally, I have a lot of inside information about all of the "companies", from those listed here to those which are not listed here. My access to this information comes from deep market research, experience of my own selling to various companies, requesting payment schedules and commission tables from every tradeline brokerage out there, and also from the direct connection I have with GFS.
No, I am not the owner of GFS. I am also not an employee. However, I have spoken with the owner about this thread and received permission to post here. I can answer more of the "unknown" questions than probably anyone here, or at minimum, at least provide the latest details on what's going on with certain cardholders. For example, what's going on with BOA and why some brokerages are no longer accepting their cards.
I can act as your voice, and I can speak to what you guys (the majority at least) are seeking and do my best to offer a solution and or compromise.
Again, I'm not trying to spam here. I'm not trying to cause any ruckus or steal anyone's glory. If an admin or anyone feels that I'm out of place here, or, that I should keep certain things toned down or limited to PM, please advise me.
My first point of posting this response is to aid the commenter I'm replying to in resolving their particular issue. Apart from that, if anyone has a question or a list of questions, feel free to ask anything.
I would ideally like to set something up to gain cardholders for GFS as I've tried various companies and I feel exceptionally strong that not only is their service better than all the others, but the payout and speed of payment as well. Open to thoughts and responses.
EZHang43, please send me a PM with your name so I can relay the info to the owner and get you squared away if you're in fact legit. Thanks, and hello to the rest of you. I'm glad and excited to be here, I should have joined years ago. I have an abundance of extremely valuable info to share.
I just added a new Cap One AU the other day, then saw the notice from the company. yep, my Cap One got restricted. I didnt keep track of how many AUs I had on it over the years...but pretty consistent over the last 2-3 years. Oh well. It was good while it lasted. I have a few other cards that are still operating.
If it's only restricted and not closed, you might be able to salvage the card, not add AUs for six months or so, then resume. I've had that happen a time or two.
@secondcor521 How did you salvage the card? Just let it sit and they eventually lift the restriction?
Also seeing one of my CapOne cards listed as "restricted", but not the other I have had more AUs on. Maybe just a matter of time. Guess I'll leave it on pause for a bit and see what happens.
I'd like to hear what @arebelspy thinks about this company. There's presumably a reason it's not one of the vetted recommended companies.
For what it's worth, I've kept a running file based entirely off of what I've seen on this 123 page thread about what cards are likely to work and which ones won't. I'll post it here for anyone's edification, but I will not vouch for it nor can I say it's up to date, though nothing I've seen lately obviously overturns it all. If anyone knows better, just say so and I'll update my file:
Good:
Discover
TD Bank
Barclays
PNC
Associated Bank
Amex
Wells Fargo (not currently accepted)
Maybe:
Capital One
US Bank
Citi (requires over the phone)
Bad:
Chase (will shut down all accounts)
Bank of America (lots of shut downs)
Elan Fidelity
**
I personally have only used a Discover card through Old Company and have had nothing but good results. I have not been as aggressive about doing the TL thing as a lot of people, but then again I'm happy to make a few hundred bucks here and there for little effort without any stress. And props to arebelspy as usual for having been cool enough to make this something that the community can use.
US Bank and Elan are effectively the same, so it's interesting that there would be a difference.
For what it's worth, I've kept a running file based entirely off of what I've seen on this 123 page thread about what cards are likely to work and which ones won't. I'll post it here for anyone's edification, but I will not vouch for it nor can I say it's up to date, though nothing I've seen lately obviously overturns it all. If anyone knows better, just say so and I'll update my file:
Good:
Discover
TD Bank
Barclays
PNC
Associated Bank
Amex
Wells Fargo (not currently accepted)
I'd like to hear what @arebelspy thinks about this company. There's presumably a reason it's not one of the vetted recommended companies.
I haven't used them personally, or know much about them, but this isn't the first negative thing I've heard about them. Naturally, happy customers talk less than unhappy ones, but it still is a little red flag. I'd be willing to look into them or talk to the owner.
Do all of the Good allow for adding and removing online?
For what it's worth, I've kept a running file based entirely off of what I've seen on this 123 page thread about what cards are likely to work and which ones won't. I'll post it here for anyone's edification, but I will not vouch for it nor can I say it's up to date, though nothing I've seen lately obviously overturns it all. If anyone knows better, just say so and I'll update my file:
Good:
Discover
TD Bank
Barclays
PNC
Associated Bank
Amex
Wells Fargo (not currently accepted)
Do all of the Good allow for adding and removing online?
For what it's worth, I've kept a running file based entirely off of what I've seen on this 123 page thread about what cards are likely to work and which ones won't. I'll post it here for anyone's edification, but I will not vouch for it nor can I say it's up to date, though nothing I've seen lately obviously overturns it all. If anyone knows better, just say so and I'll update my file:
Good:
Discover
TD Bank
Barclays
PNC
Associated Bank
Amex
Wells Fargo (not currently accepted)
Do all of the Good allow for adding and removing online?
No. Well at least not per Good Company. Their documentation says PNC is phone only. I have a PNC card just recently enrolled, but no AU sales yet so can't confirm that yet.
USBank owns Elan, but the two act independently as far as I can tell.
As far as the list goes, I think the picture is far more nuanced. Barclays doesn't seem to care a whit about AU activity, but they have a lifetime limit which I find pesky, although now I know how to deal with it. Chase is famous for closing down all cards, but I have my highest limit, oldest, best commission card with them that sells well and a second card that also does well and I've not yet been shut down (knock wood). USBank is not particularly known for shutdowns but they shut down both of my cards with them for AU activity...but then shortly after gave me two more cards. BofA is known for shutting folks down more frequently, but they haven't hit me yet, and philosophically I don't care because I have plenty of cards and don't have a very good opinion of BofA as a business (among other things they don't reallocate credit lines among personal cards without a hard credit pull, which I find a ridiculous policy). Discover sometimes asks for AU documentation apparently, which I imagine to be a hassle. Some issuers are easier to add/remove, but may not give as generous of credit lines and thus may have lower commissions. With some issuers the Good Company requires longer cycles (keeping the AU on for 4 months instead of three, for example). With some issuers the Good Company allows more slots. Some issuers might have some cards with good signup bonuses that can then be piggybacked later. Some issuers seem to have more difficulty posting to the AU's credit reports.
Overall my experience is that all the issuers have pros and cons. Some on average are better than others but all the ones I've had (which is most of them that Good Company accepts) are at least reasonable enough to work with based on the amount of effort involved compared to the payments. I have a long, littered credit card history from playing CC games for decades, and I have a lot of piggybacking cards going currently. My current practice is to look at which issuers I don't have a full slate of piggybacking cards with yet, then see which of those I think I can get more CL with, then look at DoC to see which cards at those issuers have a decent sign up bonus. But that's just my approach, YMMV based on your situation.
As far as the list goes, I think the picture is far more nuanced.
Discover sometimes asks for AU documentation apparently, which I imagine to be a hassle.
I've seen a couple people here mentioning companies asking for documentation of authorized users. This is, in fact, illegal for them to do, in accordance with the following:
12 CFR Part 1002 - Equal Credit Opportunity Act (Regulation B)
7(a) Individual accounts.
2. Open-end credit - choice of authorized user: A creditor that permits an account holder to designate an authorized user may not restrict this designation on a prohibited basis. For example, if the creditor allows the designation of spouses as authorized users, the creditor may not refuse to accept a non-spouse as an authorized user.
That is the law itself as updated August 29 of this year. Nothing new. When they ask for documentation, ask for their full name, then request to speak with a manager. Tell the manager that your brother-in-law is a top litigation lawyer and you'd hate to see a lawsuit over something so petty such as adding your friend to your credit card, especially when "John Doe" (the employee who you spoke with already) and "Jane Doe" (the manager you're NOW speaking with) are currently breaking federal law and not only have no right to request such documents, but have done so and could easily lose their careers over this. They'll add your AU right away and apologize, trust me.
Note: ONLY DO THIS IF 7(a) part 2 applies to you! Simple.
Edit because I'd like to mention that what I said above would be my personal approach to dealing with that situation. With that said, by asking for documentation they're breaking the rules of a federal act - whether they know it or not. By calling them out on that, your result may vary so don't take my example as legal advice or any kind of guarantee. Just wanted to make the facts clear.
I've seen a couple people here mentioning companies asking for documentation of authorized users. This is, in fact, illegal for them to do, in accordance with the following:
12 CFR Part 1002 - Equal Credit Opportunity Act (Regulation B)
7(a) Individual accounts.
2. Open-end credit - choice of authorized user: A creditor that permits an account holder to designate an authorized user may not restrict this designation on a prohibited basis. For example, if the creditor allows the designation of spouses as authorized users, the creditor may not refuse to accept a non-spouse as an authorized user.
That is the law itself as updated August 29 of this year. Nothing new. When they ask for documentation, ask for their full name, then request to speak with a manager. Tell the manager that your brother-in-law is a top litigation lawyer and you'd hate to see a lawsuit over something so petty such as adding your friend to your credit card, especially when "John Doe" (the employee who you spoke with already) and "Jane Doe" (the manager you're NOW speaking with) are currently breaking federal law and not only have no right to request such documents, but have done so and could easily lose their careers over this. They'll add your AU right away and apologize, trust me.
Note: ONLY DO THIS IF 7(a) part 2 applies to you! Simple.
Edit because I'd like to mention that what I said above would be my personal approach to dealing with that situation. With that said, by asking for documentation they're breaking the rules of a federal act - whether they know it or not. By calling them out on that, your result may vary so don't take my example as legal advice or any kind of guarantee. Just wanted to make the facts clear.
I believe the above is incorrect.
By asking for documentation, the financial institution is theoretically doing their due diligence to know their client and prevent identity theft/fraud.
They are not asking for proof of relationship, such as being a spouse or family member, which is what the above-quoted regulation is about.
i.e. I do not recommend threatening the agents.
QuoteDiscover sometimes asks for AU documentation apparently, which I imagine to be a hassle.
Oooh, I know this one! They ask for SS number, full name, birth date, and address. And all of that has to be correct or else. This is not a hassle as far as I'm concerned, because Old Company gives you all of this information and you just copy it over. Can't say about other companies. Removal with Discover is a simple click.
If they ask for documentation, it means they want copies of the driver's license and social security card FAXed. Capital One did that for me twice. The first time I FAXed the documents and they unfroze my account. (BTW, the documents were in color but the FAX was b&w).
The second time they permitted email documentation but the documentation was in black and white and they wanted it in color.
The Company told me they couldn't provide anything else, so I closed that credit card (it was frozen permanently awaiting docs I couldn't get so I didn't see the point in leaving it open).
I have two Discover AUs to add. One added fine, the other one Discover's online system didn't like the address.
The address is of the form:
123 Main Street Apt 12
Topeka, Kansas 12345
Discover seems to be griping about the first line of the address and the apartment number.
I've tried a number of the obvious things, including the correct one (the address as USPS thinks it should be and as it is listed in the AU's information).
I could call in to Discover but would rather not.
I could try leaving off the apartment but would rather not.
At the moment I plan to call Good Company on Monday and ask them how to proceed, but I figured someone here might know some Discover address tricks or think of something I haven't.
Suggestions? Tricks? Tribal knowledge from those who have gone before?
I have two Discover AUs to add. One added fine, the other one Discover's online system didn't like the address.
The address is of the form:
123 Main Street Apt 12
Topeka, Kansas 12345
Discover seems to be griping about the first line of the address and the apartment number.
I've tried a number of the obvious things, including the correct one (the address as USPS thinks it should be and as it is listed in the AU's information).
I could call in to Discover but would rather not.
I could try leaving off the apartment but would rather not.
At the moment I plan to call Good Company on Monday and ask them how to proceed, but I figured someone here might know some Discover address tricks or think of something I haven't.
Suggestions? Tricks? Tribal knowledge from those who have gone before?
According to nice lady at Old Company, this is a glich in their system. You added the AU and it continually says there is a probelm. My AU was added and posted. Ignore the warning. If in doubt, email nice lady and she will confirm.
I'm wondering if this is Chase's way of stopping my from AU piggybacking, and they want to keep me as a customer... after all, both cards have annual fees and we do have mortgage with Chase.
that in and of itself, you are probably right. But maybe combined with the fact that they would potentially lose 20 years of mortgage? I might immediately look to refinance with another lender. :-)
I just find it strange that the last 3 AU's on the Marriott card did not post, while the United card continues to post no problem.
Correct, they only close the cards.
I meant that I would leave Chase and take my mortgage somewhere else. :-)
Correct, they only close the cards.
I meant that I would leave Chase and take my mortgage somewhere else. :-)
Ah, I didn't read carefully enough.
I think Chase is willing to bet you would say it but wouldn't actually do it.
If I get a decent amount of AUs this month, I might get close to 20K this year.
If I get a decent amount of AUs this month, I might get close to 20K this year.
Tips? Tricks? Anything unusual about your situation? Just counting piggybacking or are you including SUBs and other stuff?
(I do well, but not anywhere near that well.)
It's not clear to me personally that Chase closes *all* Chase accounts. I think they close *all Chase CC* accounts. I really doubt they would, or have, closed a mortgage or a checking or savings account.
I don't get it either.
I believe the risk you take when you do this is that everything could be shut down.
It's not clear to me personally that Chase closes *all* Chase accounts. I think they close *all Chase CC* accounts. I really doubt they would, or have, closed a mortgage or a checking or savings account.
I don't get it either.
If you have both personal and business credit cards with Chase and they close your accounts for TLs, do they close all your CC or just personal ones?
If I get a decent amount of AUs this month, I might get close to 20K this year.
Tips? Tricks? Anything unusual about your situation? Just counting piggybacking or are you including SUBs and other stuff?
(I do well, but not anywhere near that well.)
Well the best tip would be that you get many high limit credit cards with issuers that historically don’t have AU cancellation problems, and that you had gotten them many years ago, so the age of the credit line is high.
Yes, that is something one cannot just do.
And that is just TL revenue, not counting any SUB or other cc perks.
If I get a decent amount of AUs this month, I might get close to 20K this year.
Tips? Tricks? Anything unusual about your situation? Just counting piggybacking or are you including SUBs and other stuff?
(I do well, but not anywhere near that well.)
Well the best tip would be that you get many high limit credit cards with issuers that historically don’t have AU cancellation problems, and that you had gotten them many years ago, so the age of the credit line is high.
Yes, that is something one cannot just do.
And that is just TL revenue, not counting any SUB or other cc perks.
Ah, OK, thanks. I've mostly done that, just not apparently to the same extent that you have. Congratulations!
For what it's worth, I've kept a running file based entirely off of what I've seen on this 123 page thread about what cards are likely to work and which ones won't. I'll post it here for anyone's edification, but I will not vouch for it nor can I say it's up to date, though nothing I've seen lately obviously overturns it all. If anyone knows better, just say so and I'll update my file:
Good:
Discover
TD Bank
Barclays
PNC
Associated Bank
Amex
Wells Fargo (not currently accepted)
Do all of the Good allow for adding and removing online?
No. Well at least not per Good Company. Their documentation says PNC is phone only. I have a PNC card just recently enrolled, but no AU sales yet so can't confirm that yet.
USBank owns Elan, but the two act independently as far as I can tell.
As far as the list goes, I think the picture is far more nuanced. Barclays doesn't seem to care a whit about AU activity, but they have a lifetime limit which I find pesky, although now I know how to deal with it. Chase is famous for closing down all cards, but I have my highest limit, oldest, best commission card with them that sells well and a second card that also does well and I've not yet been shut down (knock wood). USBank is not particularly known for shutdowns but they shut down both of my cards with them for AU activity...but then shortly after gave me two more cards. BofA is known for shutting folks down more frequently, but they haven't hit me yet, and philosophically I don't care because I have plenty of cards and don't have a very good opinion of BofA as a business (among other things they don't reallocate credit lines among personal cards without a hard credit pull, which I find a ridiculous policy). Discover sometimes asks for AU documentation apparently, which I imagine to be a hassle. Some issuers are easier to add/remove, but may not give as generous of credit lines and thus may have lower commissions. With some issuers the Good Company requires longer cycles (keeping the AU on for 4 months instead of three, for example). With some issuers the Good Company allows more slots. Some issuers might have some cards with good signup bonuses that can then be piggybacked later. Some issuers seem to have more difficulty posting to the AU's credit reports.
Overall my experience is that all the issuers have pros and cons. Some on average are better than others but all the ones I've had (which is most of them that Good Company accepts) are at least reasonable enough to work with based on the amount of effort involved compared to the payments. I have a long, littered credit card history from playing CC games for decades, and I have a lot of piggybacking cards going currently. My current practice is to look at which issuers I don't have a full slate of piggybacking cards with yet, then see which of those I think I can get more CL with, then look at DoC to see which cards at those issuers have a decent sign up bonus. But that's just my approach, YMMV based on your situation.
Do TD, PNC or Associated ever have decent signup bonuses? I don't think I've ever had a card from any of them, so I don't think I'd care too much if they shut me down.
Also, how have ya'll accumulated the really large card limits in the first place? How much reported income is realistically needed to get a $40k+ card limit on a single card?
But are they adding new openings to add your cards? I've supposedly been on the wait-list for a couple years now.
Do TD, PNC or Associated ever have decent signup bonuses? I don't think I've ever had a card from any of them, so I don't think I'd care too much if they shut me down.
Also, how have ya'll accumulated the really large card limits in the first place? How much reported income is realistically needed to get a $40k+ card limit on a single card?
I don't recall on the SUBs. My approach is, if I get a SUB, great, if not I'll still open a card or two and season them for TLs two years down the road.
On the high CLs, there have been various tricks over the years, some of which were discussed on FatWallet. Having a high income, long credit history, and high credit score seem to help. Some people seemed to think that a high balance transfer request at time of application helped. Sometimes you can get a certain CL and get it bumped up over time with regular requests. It used to be more possible to combine cards - so get two $20K CLs at an issuer and combine to one $40K card.
I have used a combination of all of these tactics.
Do TD, PNC or Associated ever have decent signup bonuses? I don't think I've ever had a card from any of them, so I don't think I'd care too much if they shut me down.
Also, how have ya'll accumulated the really large card limits in the first place? How much reported income is realistically needed to get a $40k+ card limit on a single card?
I don't recall on the SUBs. My approach is, if I get a SUB, great, if not I'll still open a card or two and season them for TLs two years down the road.
On the high CLs, there have been various tricks over the years, some of which were discussed on FatWallet. Having a high income, long credit history, and high credit score seem to help. Some people seemed to think that a high balance transfer request at time of application helped. Sometimes you can get a certain CL and get it bumped up over time with regular requests. It used to be more possible to combine cards - so get two $20K CLs at an issuer and combine to one $40K card.
I have used a combination of all of these tactics.
YMMV but not all cards are targeted at the same demographic, and their initial limit will reflect that. I've noticed that when I open premium cards (usually the ones with annual fees) they come with a much higher credit limit right off the bat. I will later either product change or downgrade the card to a non-fee card, or transfer the limit to a different non-fee card.
I have been trying to get an AARP (Barclay) card, but not having any luck. It's been long enough I don't recall all the details but these are some of the basics.
Applied on line
Got email links requesting various documents
Provided documents online
Links then said declined
Got letter asking for more documents ... what?
Called Barclays, got bounced around a lot, ended up talking to a separate AARP department, was told they could not help me and I had to fax the requested documents. They said they could only do a new application over the phone, expecting the same results I choose to continue with the original application.
Faxed documents
Got 2nd letter asking for same documents
Mailed the documents this time
Got a 3rd letter asking for the same documents. :[
No idea how get this card. Does anyone have some helpful experience?
Thanks in advance
To help with the recent questions about good and bad cards, I assembled this data set. It is largely bases on the old/good company and does not account for certain cards being stopped. Hopefully those stopped cards will come back on line at some point. The data is a mix of my own experience and what I have read on this thread.
----------------------/ Life / Reset by / Cancel 1 Card / Add / Remove / At a / Annual / Cycles / Notes
----------------------/ Time / Product / All Cards or / Online / Online / time / Max /
----------------------/ Limit / Change / All Accounts / / / limit / /
------------------------------------------------------------------------------------------------------------------
Synchrony CareCredit / / / / CALL / CALL / / / 2 /
Citi / / / / CALL /ChatCALL/ 2 / / 2 /
Elan Financial / ?!?! / ?!?! / / Online /ChatCALL/ 2 / / 2 / Instructions say phone but can do online
PNC / / / / Online / CALL / 1 / 5 / 3 / Instructions say phone but can do online
Barclays /35/card/ No / ?!?! / Online / Online / 2 / / 2 /
Capital One / ?!?! / ?!?! / All Cards / Online / Online / 2 / / 3 /
Chase / ?!?! / ?!?! / All Cards / Online / CALL / 2 / / 4 /
Discover / / / All Accounts / Online / Online / 1 / 7/card / 2 /
US Bank / / / All Accounts / Online / CALL / 2 / / 2 /
TD Bank/Target /35/card/ / / / / / / 2 /
Alliant CU / / / / / / / / 2 /
Huntington Bank / / / / Online / / / / 2 / Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, or Wisconsin
USAA / / / / / / / / 2 / Military only
NFCU / / / / Online / / / 4 / 3 / Military only
American Express /99/card/ ?!?! / ?!?! / Online / / / / 2 /
Bank of America / / / All Accounts / / / / / 2 /
Associated Bank / / / / / / / / /
Barclays may be the only truly lifetime limit
Good stuff.
In the "cycles" column, I assume you're counting the minimum number of cycles recommended to hopefully prevent account cancellation, correct?
I thought the policy of having Chase cards for 4 months was not so much the credit reporting but more to reduce the chance of the account getting shut down.
I looked into this a few years ago but never pursued it. I'm now thinking about it again.
I have a discover with a high limit that is several years old as well as a chase card with a high limit that is also several years old. If I keep the discover to less than 7 per year and just one or two every month or two with the chase is there still a high likelihood I will get closed down?
I looked into this a few years ago but never pursued it. I'm now thinking about it again.
I have a discover with a high limit that is several years old as well as a chase card with a high limit that is also several years old. If I keep the discover to less than 7 per year and just one or two every month or two with the chase is there still a high likelihood I will get closed down?
There is always a risk of getting shut down. The original post in this thread is very clear about that.
I looked into this a few years ago but never pursued it. I'm now thinking about it again.
I have a discover with a high limit that is several years old as well as a chase card with a high limit that is also several years old. If I keep the discover to less than 7 per year and just one or two every month or two with the chase is there still a high likelihood I will get closed down?
There is always a risk of getting shut down. The original post in this thread is very clear about that.
Yes I'm well aware. Just as driving my truck down the road everyday comes with the risk of death, but if I follow the rules of the road and watch out for other drivers that is unlikely.... My question is if it is very likely?
I looked into this a few years ago but never pursued it. I'm now thinking about it again.
I have a discover with a high limit that is several years old as well as a chase card with a high limit that is also several years old. If I keep the discover to less than 7 per year and just one or two every month or two with the chase is there still a high likelihood I will get closed down?
I looked into this a few years ago but never pursued it. I'm now thinking about it again.
I have a discover with a high limit that is several years old as well as a chase card with a high limit that is also several years old. If I keep the discover to less than 7 per year and just one or two every month or two with the chase is there still a high likelihood I will get closed down?
There is always a risk of getting shut down. The original post in this thread is very clear about that.
Yes I'm well aware. Just as driving my truck down the road everyday comes with the risk of death, but if I follow the rules of the road and watch out for other drivers that is unlikely.... My question is if it is very likely?
Your likelyhood isn't very high at all. Drive with caution, use some defensive driving tactics whenever possible and you'll be far better off than the average person selling tradelines.
I've lost 4 credit cards in the last 5 years, and none in the last 3 years. Of those I lost, one bank even shut down my checking account too as extra punishment! LOL. I paid $14 a month for that checking account and never made a single deposit into it except for the day I opened it with $500.
I looked into this a few years ago but never pursued it. I'm now thinking about it again.
I have a discover with a high limit that is several years old as well as a chase card with a high limit that is also several years old. If I keep the discover to less than 7 per year and just one or two every month or two with the chase is there still a high likelihood I will get closed down?
There is always a risk of getting shut down. The original post in this thread is very clear about that.
Yes I'm well aware. Just as driving my truck down the road everyday comes with the risk of death, but if I follow the rules of the road and watch out for other drivers that is unlikely.... My question is if it is very likely?
Your likelyhood isn't very high at all. Drive with caution, use some defensive driving tactics whenever possible and you'll be far better off than the average person selling tradelines.
I've lost 4 credit cards in the last 5 years, and none in the last 3 years. Of those I lost, one bank even shut down my checking account too as extra punishment! LOL. I paid $14 a month for that checking account and never made a single deposit into it except for the day I opened it with $500.
Why would you pay $14/mo for a checking account that you don't need?
Any word on if it is safe to get back in the water with Capital One?
Thinking I may until Jan to start selling my Cap One.
To help with the recent questions about good and bad cards, I assembled this data set. It is largely bases on the old/good company and does not account for certain cards being stopped. Hopefully those stopped cards will come back on line at some point. The data is a mix of my own experience and what I have read on this thread.
----------------------/ Life / Reset by / Cancel 1 Card / Add / Remove / At a / Annual / Cycles / Notes
----------------------/ Time / Product / All Cards or / Online / Online / time / Max /
----------------------/ Limit / Change / All Accounts / / / limit / /
------------------------------------------------------------------------------------------------------------------
Synchrony CareCredit / / / / CALL / CALL / / / 2 /
Citi / / / / CALL /ChatCALL/ 2 / / 2 /
Elan Financial / ?!?! / ?!?! / / Online /ChatCALL/ 2 / / 2 / Instructions say phone but can do online
PNC / / / / Online / CALL / 1 / 5 / 3 / Instructions say phone but can do online
Barclays /35/card/ No / ?!?! / Online / Online / 2 / / 2 /
Capital One / ?!?! / ?!?! / All Cards / Online / Online / 2 / / 3 /
Chase / ?!?! / ?!?! / All Cards / Online / CALL / 2 / / 4 /
Discover / / / All Accounts / Online / Online / 1 / 7/card / 2 /
US Bank / / / All Accounts / Online / CALL / 2 / / 2 /
TD Bank/Target /35/card/ / / / / / / 2 /
Alliant CU / / / / / / / / 2 /
Huntington Bank / / / / Online / / / / 2 / Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, or Wisconsin
USAA / / / / / / / / 2 / Military only
NFCU / / / / Online / / / 4 / 3 / Military only
American Express /99/card/ ?!?! / ?!?! / Online / / / / 2 /
Bank of America / / / All Accounts / / / / / 2 /
Associated Bank / / / / / / / / /
Barclays may be the only truly lifetime limit
Both Citi and Synphony, which I've never had, have been advised to me as "problematic". I never held a card from either, so anyone with experience may have input.
The odd exception is your spreadsheet says 2 months for BOA, I've always had 4 month periods for AUs with BOA and been paid extra for those - however cannot confirm if it was a preventative measure (minimalize card closure), or a requirement for proper posting. I'm going to look into that but if anyone has info, please relay. I'll get a definitive answer from a non-new/old company within the next few days max of their opinion/reasoning for that.
The odd exception is your spreadsheet says 2 months for BOA, I've always had 4 month periods for AUs with BOA and been paid extra for those - however cannot confirm if it was a preventative measure (minimalize card closure), or a requirement for proper posting. I'm going to look into that but if anyone has info, please relay. I'll get a definitive answer from a non-new/old company within the next few days max of their opinion/reasoning for that.
In my experience and my understanding, tradelines post to the AUs account either (a) within a few days after statement close for most cards, or (b) close to the end of the calendar month for USBank cards. Provided that (1) the AU information matches, (2) the AU information contains at least three matching data points among (name/SSN/address/DOB), (3) the card closes with a balance, and (4) nothing weird happens.
Therefore, leaving the AU on for 2/3/4 months is only for (A) giving the AU time to do whatever they need to do, and (B) to reduce the risk of account closure. It is never, in my understanding and experience, to ensure posting.
I just had my first closure which was with CapitalOne. It looks like I was part of the last wave of cuts that some of you were apart of. I added a total of only 3 AUs this year, it was my oldest card, and they didn't even bother sending me a letter to let me know.
Any recommendations on a replacement card? I already have 2 Chase cards, 1 USAA card, and a Barclays card. I work with both the old and new company but have a preference for the one that pays out automatically. Bonus points if the AU can be added and removed online
I just had my first closure which was with CapitalOne. It looks like I was part of the last wave of cuts that some of you were apart of. I added a total of only 3 AUs this year, it was my oldest card, and they didn't even bother sending me a letter to let me know.
Any recommendations on a replacement card? I already have 2 Chase cards, 1 USAA card, and a Barclays card. I work with both the old and new company but have a preference for the one that pays out automatically. Bonus points if the AU can be added and removed online
Barclays often does not post. I put in all the info and add the AU and they show up. Then they disappear and of course they don't come back.
Yes. I have 4 Barclays cards just waiting for AUs. I absolutely do follow the old company's instructions on how to add and over the years, I've had probably 50 times where they were fine. In the last year, they're maybe 2 work, 1 doesn't kind of percentage.
If I get a decent amount of AUs this month, I might get close to 20K this year.
Tips? Tricks? Anything unusual about your situation? Just counting piggybacking or are you including SUBs and other stuff?
(I do well, but not anywhere near that well.)
Well the best tip would be that you get many high limit credit cards with issuers that historically don’t have AU cancellation problems, and that you had gotten them many years ago, so the age of the credit line is high.
Yes, that is something one cannot just do.
And that is just TL revenue, not counting any SUB or other cc perks.
Ah, OK, thanks. I've mostly done that, just not apparently to the same extent that you have. Congratulations!
For what it's worth, I've kept a running file based entirely off of what I've seen on this 123 page thread about what cards are likely to work and which ones won't. I'll post it here for anyone's edification, but I will not vouch for it nor can I say it's up to date, though nothing I've seen lately obviously overturns it all. If anyone knows better, just say so and I'll update my file:
Good:
Discover
TD Bank
Barclays
PNC
Associated Bank
Amex
Wells Fargo (not currently accepted)
Maybe:
Capital One
US Bank
Citi (requires over the phone)
Bad:
Chase (will shut down all accounts)
Bank of America (lots of shut downs)
Elan Fidelity
**
I personally have only used a Discover card through Old Company and have had nothing but good results. I have not been as aggressive about doing the TL thing as a lot of people, but then again I'm happy to make a few hundred bucks here and there for little effort without any stress. And props to arebelspy as usual for having been cool enough to make this something that the community can use.
Interesting random question when I asked the BOA online chat rep to remove my AU... her response..
"May I ask the reason you are removing the authorized user is because they passed away?"
I've never been pushed for an explanation of who I'm adding as an AU, but, my go to is along the lines of 'My girlfriend's brother is getting into home renovation and I'm giving him some work to get on his feet, the AU is one of his workers who will be buying supplies from Home Depot and I want the points."
If they ask for a reason he's being removed, "Yeah, change of plans on the renovation"
Everyone says discover allows 7AUs in a year including the TL company I'm selling with. On the discover page where I can add AUs it says 5. Can I only add 5 or is it 7? I sold 3 in 2 days time and don't want to oversell.Discover will tell you when you reach your limit. I sold 7 and was locked for a year. They may change it with no notice. My take is sell until Discover says no more then start checking in 8 months.
Everyone says discover allows 7AUs in a year including the TL company I'm selling with. On the discover page where I can add AUs it says 5. Can I only add 5 or is it 7? I sold 3 in 2 days time and don't want to oversell.Discover will tell you when you reach your limit. I sold 7 and was locked for a year. They may change it with no notice. My take is sell until Discover says no more then start checking in 8 months.
I have been trying to get an AARP (Barclay) card, but not having any luck. It's been long enough I don't recall all the details but these are some of the basics.
Applied on line
Got email links requesting various documents
Provided documents online
Links then said declined
Got letter asking for more documents ... what?
Called Barclays, got bounced around a lot, ended up talking to a separate AARP department, was told they could not help me and I had to fax the requested documents. They said they could only do a new application over the phone, expecting the same results I choose to continue with the original application.
Faxed documents
Got 2nd letter asking for same documents
Mailed the documents this time
Got a 3rd letter asking for the same documents. :[
No idea how get this card. Does anyone have some helpful experience?
Thanks in advance
I have been trying to get an AARP (Barclay) card, but not having any luck. It's been long enough I don't recall all the details but these are some of the basics.
Applied on line
Got email links requesting various documents
Provided documents online
Links then said declined
Got letter asking for more documents ... what?
Called Barclays, got bounced around a lot, ended up talking to a separate AARP department, was told they could not help me and I had to fax the requested documents. They said they could only do a new application over the phone, expecting the same results I choose to continue with the original application.
Faxed documents
Got 2nd letter asking for same documents
Mailed the documents this time
Got a 3rd letter asking for the same documents. :[
No idea how get this card. Does anyone have some helpful experience?
Thanks in advance
For what it's worth, I've kept a running file based entirely off of what I've seen on this 123 page thread about what cards are likely to work and which ones won't. I'll post it here for anyone's edification, but I will not vouch for it nor can I say it's up to date, though nothing I've seen lately obviously overturns it all. If anyone knows better, just say so and I'll update my file:
Good:
Discover
TD Bank
Barclays
PNC
Associated Bank
Amex
Wells Fargo (not currently accepted)
Maybe:
Capital One
US Bank
Citi (requires over the phone)
Bad:
Chase (will shut down all accounts)
Bank of America (lots of shut downs)
Elan Fidelity
**
I personally have only used a Discover card through Old Company and have had nothing but good results. I have not been as aggressive about doing the TL thing as a lot of people, but then again I'm happy to make a few hundred bucks here and there for little effort without any stress. And props to arebelspy as usual for having been cool enough to make this something that the community can use.
AmEx is not good at all. There is an important reason why, and it's that AmEx doesn't post to an authorized user's credit profile with the true age of the card. While the credit report WILL display the correct credit limit, the authorized user is seen as "new" and therefore the account is shown as "new".
There are very few circumstances when an authorized user wants to purchase a card that is going to figure into their credit score as brand new because obviously this alters their average card age which in turn affects their overall credit score. Typically, the limit would need to be astronomically high in order to outweigh the loss of age - unless your particular problem/goal/strategy as an AU is to temporarily lower your utilization by an extreme amount.
Point is, it has it's purpose but I think sellers of AmEx should be very aware of this. Some bad players in the industry sell Amex (they love to slip them into packages mixed with other lines that have an old age and lower limit) to buyers who don't know better and who aren't trying to solely minimize their overall utilization. I don't think that's fair or moral but you have the right to ask your brokerage what they're doing with your AmEx and/or how it's being offered to AUs. A good brokerage would explain or leverage this tool in the proper way. Other brokerages will simply allow any random user to buy, and let the process proceed as normal without informing the AU of what I spoke about.
As far as reporting, they report very well. But the way in which they report and the way this is misused, misunderstood and manipulated is something that puts any AmEx card into "special use only" zone when it comes to selling.
Many of you know this but there are still many who don't.
I would say Amex has been very good for me and has made me the most money over 3 1/2 years. Of the two brokers I sell through, one does use it as a throw in to other sales/packages they do to help give a client who bought other TLs an extra boost. My card is 60k CL so it's meaningful.
Have sold around 170 spots over that time, thought it's certainly slowed down. Had one account review with Amex that I passed and I continue to use them for signup bonus hacks. Once you've added 99 to a card that card is done for a few years but easy to add a new card and transfer CL.
For what it's worth, I've kept a running file based entirely off of what I've seen on this 123 page thread about what cards are likely to work and which ones won't. I'll post it here for anyone's edification, but I will not vouch for it nor can I say it's up to date, though nothing I've seen lately obviously overturns it all. If anyone knows better, just say so and I'll update my file:
Good:
Discover
TD Bank
Barclays
PNC
Associated Bank
Amex
Wells Fargo (not currently accepted)
Maybe:
Capital One
US Bank
Citi (requires over the phone)
Bad:
Chase (will shut down all accounts)
Bank of America (lots of shut downs)
Elan Fidelity
**
I personally have only used a Discover card through Old Company and have had nothing but good results. I have not been as aggressive about doing the TL thing as a lot of people, but then again I'm happy to make a few hundred bucks here and there for little effort without any stress. And props to arebelspy as usual for having been cool enough to make this something that the community can use.
AmEx is not good at all. There is an important reason why, and it's that AmEx doesn't post to an authorized user's credit profile with the true age of the card. While the credit report WILL display the correct credit limit, the authorized user is seen as "new" and therefore the account is shown as "new".
There are very few circumstances when an authorized user wants to purchase a card that is going to figure into their credit score as brand new because obviously this alters their average card age which in turn affects their overall credit score. Typically, the limit would need to be astronomically high in order to outweigh the loss of age - unless your particular problem/goal/strategy as an AU is to temporarily lower your utilization by an extreme amount.
Point is, it has it's purpose but I think sellers of AmEx should be very aware of this. Some bad players in the industry sell Amex (they love to slip them into packages mixed with other lines that have an old age and lower limit) to buyers who don't know better and who aren't trying to solely minimize their overall utilization. I don't think that's fair or moral but you have the right to ask your brokerage what they're doing with your AmEx and/or how it's being offered to AUs. A good brokerage would explain or leverage this tool in the proper way. Other brokerages will simply allow any random user to buy, and let the process proceed as normal without informing the AU of what I spoke about.
As far as reporting, they report very well. But the way in which they report and the way this is misused, misunderstood and manipulated is something that puts any AmEx card into "special use only" zone when it comes to selling.
Many of you know this but there are still many who don't.
Yeah I guess it's a fair point that it might not be the best for some buyers if it affects age. I will say for family members who needed a boost who I added to a few of my cards it did seem to help.
On the Discover limits, I did hit it and they told me when I could add again. Seems to be a rolling limit. So if you go over the limit but an AU that had been added the end of January means that at the end of January, your # of AUs added in a year now is one less. Since my denial and wait of like 2 months, I've since added 3 AUs in 3 months. So that's good news, I think.
I've never been pushed for an explanation of who I'm adding as an AU, but, my go to is along the lines of 'My girlfriend's brother is getting into home renovation and I'm giving him some work to get on his feet, the AU is one of his workers who will be buying supplies from Home Depot and I want the points."
If they ask for a reason he's being removed, "Yeah, change of plans on the renovation"
anyone had issues adding Barclays in the past few days? I keep getting an error:
"Authorized user not added
The information you have entered is incorrect.
Please contact our Customer Service department as soon as possible at 888-232-0780"
tried calling to add twice, first rep said the first name is showing as not matching, second one was getting an error and was told by service dept that they are under maintenance and to try again after 24 hours
I've never been pushed for an explanation of who I'm adding as an AU, but, my go to is along the lines of 'My girlfriend's brother is getting into home renovation and I'm giving him some work to get on his feet, the AU is one of his workers who will be buying supplies from Home Depot and I want the points."
If they ask for a reason he's being removed, "Yeah, change of plans on the renovation"
I use a similar line: "My wife's boyfriend is the coolest guy I know, he needs a card for weekly purchases of Monster energy drinks, steroids, and Cialis, this is his legal name but we all know him as Chad Thundercock"
Can someone send me a PM with the current TL Company or their recommendation?The preferred company is not taking Citi cards. I never opened a Citi card and do not know the reasons for why they are not using them. From my limited experience, failure to post is a big issue for some companies.
I have a citi card that I opened 4 years back for the sign on bonus and never closed. Figure I might try this out rather than canceling it.
6 years ago I applied for my first credit card with the purpose of starting the clock to get involved in selling tradelines, I read through this entire thread. I got busy with work and doing bank bonuses for extra cash but now I have a 6 year history card with Barclays. Now I want to make extra cash to throw at the mortgage to payoff in 3 years. How can I get involved?
6 years ago I applied for my first credit card with the purpose of starting the clock to get involved in selling tradelines, I read through this entire thread. I got busy with work and doing bank bonuses for extra cash but now I have a 6 year history card with Barclays. Now I want to make extra cash to throw at the mortgage to payoff in 3 years. How can I get involved?
Doesn't the very first post or two tell you everything you need to know to get started?
6 years ago I applied for my first credit card with the purpose of starting the clock to get involved in selling tradelines, I read through this entire thread. I got busy with work and doing bank bonuses for extra cash but now I have a 6 year history card with Barclays. Now I want to make extra cash to throw at the mortgage to payoff in 3 years. How can I get involved?
Doesn't the very first post or two tell you everything you need to know to get started?
I guess I don’t follow why people are referencing old company and good company, last time I was here Apple by was starting just his own company for this.
6 years ago I applied for my first credit card with the purpose of starting the clock to get involved in selling tradelines, I read through this entire thread. I got busy with work and doing bank bonuses for extra cash but now I have a 6 year history card with Barclays. Now I want to make extra cash to throw at the mortgage to payoff in 3 years. How can I get involved?
Doesn't the very first post or two tell you everything you need to know to get started?
I guess I don’t follow why people are referencing old company and good company, last time I was here Apple by was starting just his own company for this.
Ah. Those are answered somewhere in the thread, but I couldn't find it easily.
The references to Old Company and New Company (or Not So Great Company That Pays Late and Good Company - all terms refer to the same two companies) are just to keep the company names private. You can get the company names by PM to either @arebelspy or me.
There was talk of starting a TL company, but as far as I know that never materialized.
6 years ago I applied for my first credit card with the purpose of starting the clock to get involved in selling tradelines, I read through this entire thread. I got busy with work and doing bank bonuses for extra cash but now I have a 6 year history card with Barclays. Now I want to make extra cash to throw at the mortgage to payoff in 3 years. How can I get involved?
Doesn't the very first post or two tell you everything you need to know to get started?
I guess I don’t follow why people are referencing old company and good company, last time I was here Apple by was starting just his own company for this.
Ah. Those are answered somewhere in the thread, but I couldn't find it easily.
The references to Old Company and New Company (or Not So Great Company That Pays Late and Good Company - all terms refer to the same two companies) are just to keep the company names private. You can get the company names by PM to either @arebelspy or me.
There was talk of starting a TL company, but as far as I know that never materialized.
Kind of off topic for the question at hand at this specific moment but I hope him or yourself are trying/testing a card or two with that potential "3rd" service provider so you can give your feedback. I think it's a no-brainer, but... Not my thread.
6 years ago I applied for my first credit card with the purpose of starting the clock to get involved in selling tradelines, I read through this entire thread. I got busy with work and doing bank bonuses for extra cash but now I have a 6 year history card with Barclays. Now I want to make extra cash to throw at the mortgage to payoff in 3 years. How can I get involved?
Doesn't the very first post or two tell you everything you need to know to get started?
I guess I don’t follow why people are referencing old company and good company, last time I was here Apple by was starting just his own company for this.
Ah. Those are answered somewhere in the thread, but I couldn't find it easily.
The references to Old Company and New Company (or Not So Great Company That Pays Late and Good Company - all terms refer to the same two companies) are just to keep the company names private. You can get the company names by PM to either @arebelspy or me.
There was talk of starting a TL company, but as far as I know that never materialized.
Kind of off topic for the question at hand at this specific moment but I hope him or yourself are trying/testing a card or two with that potential "3rd" service provider so you can give your feedback. I think it's a no-brainer, but... Not my thread.
Did @arebelspy ever talk to them?
6 years ago I applied for my first credit card with the purpose of starting the clock to get involved in selling tradelines, I read through this entire thread. I got busy with work and doing bank bonuses for extra cash but now I have a 6 year history card with Barclays. Now I want to make extra cash to throw at the mortgage to payoff in 3 years. How can I get involved?
Doesn't the very first post or two tell you everything you need to know to get started?
I guess I don’t follow why people are referencing old company and good company, last time I was here Apple by was starting just his own company for this.
Ah. Those are answered somewhere in the thread, but I couldn't find it easily.
The references to Old Company and New Company (or Not So Great Company That Pays Late and Good Company - all terms refer to the same two companies) are just to keep the company names private. You can get the company names by PM to either @arebelspy or me.
There was talk of starting a TL company, but as far as I know that never materialized.
Kind of off topic for the question at hand at this specific moment but I hope him or yourself are trying/testing a card or two with that potential "3rd" service provider so you can give your feedback. I think it's a no-brainer, but... Not my thread.
Did @arebelspy ever talk to them?
We exchanged a few PMs but I'm not sure if he spoke with them or is testing them out or whatever. I have a tendency to write too much when I'm excited and I don't want to bother him about it. I already feel like I smothered him lol.
6 years ago I applied for my first credit card with the purpose of starting the clock to get involved in selling tradelines, I read through this entire thread. I got busy with work and doing bank bonuses for extra cash but now I have a 6 year history card with Barclays. Now I want to make extra cash to throw at the mortgage to payoff in 3 years. How can I get involved?
Doesn't the very first post or two tell you everything you need to know to get started?
I guess I don’t follow why people are referencing old company and good company, last time I was here Apple by was starting just his own company for this.
Ah. Those are answered somewhere in the thread, but I couldn't find it easily.
The references to Old Company and New Company (or Not So Great Company That Pays Late and Good Company - all terms refer to the same two companies) are just to keep the company names private. You can get the company names by PM to either @arebelspy or me.
There was talk of starting a TL company, but as far as I know that never materialized.
Kind of off topic for the question at hand at this specific moment but I hope him or yourself are trying/testing a card or two with that potential "3rd" service provider so you can give your feedback. I think it's a no-brainer, but... Not my thread.
Did @arebelspy ever talk to them?
We exchanged a few PMs but I'm not sure if he spoke with them or is testing them out or whatever. I have a tendency to write too much when I'm excited and I don't want to bother him about it. I already feel like I smothered him lol.
I'm personally satisfied with Good Company and don't really feel the need to try out any others. But YMMV obviously.
I'm personally satisfied with Good Company and don't really feel the need to try out any others. But YMMV obviously.
How have you balanced signing up for cards with actual good signup bonuses vs cards that the good company pays you for?
A lot of the cards that seem to be on the good list a few pages back are from issuers I've never bothered with.
I'm personally satisfied with Good Company and don't really feel the need to try out any others. But YMMV obviously.
How have you balanced signing up for cards with actual good signup bonuses vs cards that the good company pays you for?
A lot of the cards that seem to be on the good list a few pages back are from issuers I've never bothered with.
For context, I have a long credit history, lots of cards from lots of issuers with lots of CL. This is a result of an intertwined credit history with my Dad who shares my same first and last name, a good engineering manager salary, and playing a variety of credit card games for probably 20 years. So now I already have pretty much as much CL from all the usual issuers that I can probably get given my credit and income situation.
It's also my opinions that a good piggybacking card is worth more than a signup bonus to me, and that the posts here opining on which cards were good/better/best/worst did not line up with my experience and personal preferences.
I've also decided that the "app-o-rama" approach that was popular a while ago doesn't work well for me any more.
Finally, as noted, I'm happy working with Good Company exclusively. (If there were another trustworthy company that took cards I have that Good Company didn't/doesn't, I'd consider them.)
So what I do is every year or so, sit down and see which issuers Good Company supports that I don't have cards (or enough cards) with yet, and then see if there are any sign up bonuses for those cards. That's how, for example, I ended up with a Barclays AARP card. My previous Barclays hit the lifetime limit and I needed a replacement to start aging, and the AARP card had a $100 SUB on it.
But yes, I'm past the major issuers now, so I'm opening cards with the less common ones. For example, I've recently got cards with NFCU and TD Bank, among some others.
Finally, personally I'm not scrapping for every nickel any more, so I'm aiming for a situation where I can have a lesser number of cards actively piggybacking with a higher dollar per slot commission. It's the same work either way, so I'd prefer to get paid $200 per slot rather than $50 or $75.
As a consequence, I'm not really growing the number of cards in my piggybacking collection at this point very much. I have six cards that don't piggyback for various reasons, 11 currently enrolled, and 5 that are aging and/or need work.
I also share a first and last name with my dad - but how does that affect your own credit? Presumably your dad has a different SSN than you do?
I also share a first and last name with my dad - but how does that affect your own credit? Presumably your dad has a different SSN than you do?
Back in the dark ages when I was a kid and shared a name and address with my Dad, the credit bureaus got stuff mixed up several times such that some of my Dad's credit lines showed up on my credit history. As far as the credit bureaus were concerned, my first credit account was opened when I was four years old. Accidental piggybacking, if you will.
It's not particularly relevant except that it probably did help me out along the way in terms of getting more/better cards and limits along the way and has resulted in me being pretty much where the credit sidewalk ends.
Nowadays maybe the bureaus do things better.
Chase is always a headache for me but what happened today got me really wondering
4 examples in the last 9 weeks, in the exact order they occurred:
- Call bank to add AU and I ask to add SS of AU. They tell me to call back in 30 days because I can't add SS# the same day I add them. I did it, done.
- Call to add AU, ask to add SS of AU. All is well, SS# added right away.
- Call to add and am told to call back in 30 days because I cannot add AUs SS# the same day. Call back in 30 days, added SS and done.
- JUST TODAY, I call to add and ask to add the SS and they tell me the USER THEMSELVES needs to call them in 30 days. I said "okay, I'll call back in 30 days". CS rep says "no sir, the authorized user has to call and provide their SS# themselves if they want it added to the account". I said, "ohhh, I misunderstood you. Ok, no problem."
Never once have I had them tell me the AU needs to call.
Seeing that they have totally inconsistent processes (maybe requirements handed down by "bosses" of specific call centers) I am assuming that I'm going to call myself in 30 days and there will be no problem, but I have a slight concern that they may note this on the account and request the user to call themselves.
Chase is always a headache for me but what happened today got me really wondering
4 examples in the last 9 weeks, in the exact order they occurred:
- Call bank to add AU and I ask to add SS of AU. They tell me to call back in 30 days because I can't add SS# the same day I add them. I did it, done.
- Call to add AU, ask to add SS of AU. All is well, SS# added right away.
- Call to add and am told to call back in 30 days because I cannot add AUs SS# the same day. Call back in 30 days, added SS and done.
- JUST TODAY, I call to add and ask to add the SS and they tell me the USER THEMSELVES needs to call them in 30 days. I said "okay, I'll call back in 30 days". CS rep says "no sir, the authorized user has to call and provide their SS# themselves if they want it added to the account". I said, "ohhh, I misunderstood you. Ok, no problem."
Never once have I had them tell me the AU needs to call.
Seeing that they have totally inconsistent processes (maybe requirements handed down by "bosses" of specific call centers) I am assuming that I'm going to call myself in 30 days and there will be no problem, but I have a slight concern that they may note this on the account and request the user to call themselves.
I add online with the form and remove online with a secured message. Never had a problem.
Has anyone had trouble with AUs posting with Capital One recently with old company or any other service? I have a Capital One card with old company which has been consistently filled with no posting issues, except the most recent AU claims it did not post on their credit report. This AU was definitely added, they show as an AU in my online account and most recent statement, and I received the card from Capital One. Capital One's online add process was slightly different this time, where a second window popped up asking for the AU's ssn in order to "provide online access." I remember adding the SSN with prior AUs so did so this time also.
I had the same second window
Did you add the AU's SSN? What email did you use and what about the AU's physical address? I am hearing mixed signals with capital one tradelines recently.
Has anyone had trouble with AUs posting with Capital One recently with old company or any other service? I have a Capital One card with old company which has been consistently filled with no posting issues, except the most recent AU claims it did not post on their credit report. This AU was definitely added, they show as an AU in my online account and most recent statement, and I received the card from Capital One. Capital One's online add process was slightly different this time, where a second window popped up asking for the AU's ssn in order to "provide online access." I remember adding the SSN with prior AUs so did so this time also.
I had the same second window
Did you add the AU's SSN? What email did you use and what about the AU's physical address? I am hearing mixed signals with capital one tradelines recently.
Replying to this old message thread to bring up Capital One again. When you guys add Cap One AUs, do you give them online access (and use your phone and email so that they don't get instructions)? Because giving online access seems to be the only way to add AU's SSN.
I don't add the SSN with the bad/new company, and it always posts.
Has anyone had trouble with AUs posting with Capital One recently with old company or any other service? I have a Capital One card with old company which has been consistently filled with no posting issues, except the most recent AU claims it did not post on their credit report. This AU was definitely added, they show as an AU in my online account and most recent statement, and I received the card from Capital One. Capital One's online add process was slightly different this time, where a second window popped up asking for the AU's ssn in order to "provide online access." I remember adding the SSN with prior AUs so did so this time also.
I had the same second window
Did you add the AU's SSN? What email did you use and what about the AU's physical address? I am hearing mixed signals with capital one tradelines recently.
Replying to this old message thread to bring up Capital One again. When you guys add Cap One AUs, do you give them online access (and use your phone and email so that they don't get instructions)? Because giving online access seems to be the only way to add AU's SSN.
If you're on their newsletter, you should have received this email, but posting for those who are not.
Old company (the good one) is now accepting enrollment of the following cards:
* Alliant CU
Barclays * $20k or higher in demand (25-35 AU lifetime limit)
* Discover (7 MAX AU annually)
* Huntington Bank
* PNC (5 MAX AU annually)
Chase * $40k or higher limit in demand
Elan/Fidelity -10+ years only
US Bank - 10+ years only
( * = low inventory or they're in demand.)
Enrollment ends February 28th.
PM me if you need a referral, otherwise I suspect there's plenty of you who were just waiting for enrollment to open. If you have those cards, worth enrolling them IMO.
I don't have an opinion on them.
Insufficient data for a meaningful answer.
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
Has anyone had non-posting issues with Chase cards recently?
Has anyone had non-posting issues with Chase cards recently?
Are you asking about situations where the card doesn't post, or problems related to Chase cards that are not related to posting aspects?
The answer is "no" for me, regardless, as I have had no issues with Chase cards recently at all.
Has anyone had non-posting issues with Chase cards recently?
Are you asking about situations where the card doesn't post, or problems related to Chase cards that are not related to posting aspects?
The answer is "no" for me, regardless, as I have had no issues with Chase cards recently at all.
Sorry i wasn't clear. I'm asking about situations where the AU doesnt post with all the bureaus even though all the AU details are correct.
Has anyone had non-posting issues with Chase cards recently?
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
found it, "other company" is gfsgroup.org. I tried to sign up because I have a couple of cards no one wants and another two I want to move but their link to sign up as a seller is broken. Not a good sign so I will keep looking
Has anyone had non-posting issues with Chase cards recently?
Are you asking about situations where the card doesn't post, or problems related to Chase cards that are not related to posting aspects?
The answer is "no" for me, regardless, as I have had no issues with Chase cards recently at all.
Sorry i wasn't clear. I'm asking about situations where the AU doesnt post with all the bureaus even though all the AU details are correct.
Has anyone had non-posting issues with Chase cards recently?
Padonak,
Yes!!! I posted a similar question here on p.124 here.
Basically things have been going great for both of my Chase cards... I've been selling AU's on them both for 5 years. 44 spots sold on one, and 45 on the other.
One card is 14 years old, the other is 18, so both pretty good commissions.
Regarding posting, both have been very consistent for the 5 years... up until around July/August last year, when one of my Chase cards had 2 or 3 non-postings in a row!!!!! (no issues with my other Chase card).
My instinct told hey, maybe the seller is ripping me off suddenly and is making it up and keeping my commission! haha
So, for fun, and to test it out, a few months ago I added my 25 yr old son to the card and I did receive his AU card, but he did not post either!!!!!
Something going on with that Chase card.
I think I am going to send an SM to Chase and ask "Is something wrong with my card, I added my son to help him out, and it did not post, can you fix it???"
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
found it, "other company" is gfsgroup.org. I tried to sign up because I have a couple of cards no one wants and another two I want to move but their link to sign up as a seller is broken. Not a good sign so I will keep looking
@kindoflost Why exactly does "no one want" the couple of cards you mentioned? Are they the banks/cards that are known to be problematic or the cards that nobody accepts? Also are you sure the link was broken? I tend to think it was more likely a glitch with a server connection or possibly even your ISP... Did you receive an error page?
I think this is why the referral to new/old and good/bad company are used here so people don't post negative remarks without being sure or honest about the underlying issue. I've been selling solely with that company for a while now and my experience is nothing but excellent. My first post on this forum was to question someone who claimed they were not paid by the company after repeated requests, which turned out to be a mere week - but that user conveniently forgot to mention that they had already received an answer and was not paid because they removed the AU in the middle of the purchase period (contrary to the agreement).
Interestingly enough, that same seller went back to that company to be a seller again. Never did answer me when I asked to help them resolve their payment issue since I knew something was not correct/right about that. I offered to speak to the owner on their behalf and help, because I've built up a pretty solid relationship with them in a few short years because I have a lot of old, high-limit cards.
@WayDownSouth
Sure, it was my Chase Marriott card. The other Chase (United Airlines) still seems to be working fine.
Just some more info on my son not posting on the Marriott... We only checked his Credit Karma (which is Transunion & Equifax) and we didn't see the Marriott there. Didn't look at his actual "official" credit bureau reports.
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
found it, "other company" is gfsgroup.org. I tried to sign up because I have a couple of cards no one wants and another two I want to move but their link to sign up as a seller is broken. Not a good sign so I will keep looking
@kindoflost Why exactly does "no one want" the couple of cards you mentioned? Are they the banks/cards that are known to be problematic or the cards that nobody accepts? Also are you sure the link was broken? I tend to think it was more likely a glitch with a server connection or possibly even your ISP... Did you receive an error page?
I think this is why the referral to new/old and good/bad company are used here so people don't post negative remarks without being sure or honest about the underlying issue. I've been selling solely with that company for a while now and my experience is nothing but excellent. My first post on this forum was to question someone who claimed they were not paid by the company after repeated requests, which turned out to be a mere week - but that user conveniently forgot to mention that they had already received an answer and was not paid because they removed the AU in the middle of the purchase period (contrary to the agreement).
Interestingly enough, that same seller went back to that company to be a seller again. Never did answer me when I asked to help them resolve their payment issue since I knew something was not correct/right about that. I offered to speak to the owner on their behalf and help, because I've built up a pretty solid relationship with them in a few short years because I have a lot of old, high-limit cards.
It seems they have fixed their get started link.
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
found it, "other company" is gfsgroup.org. I tried to sign up because I have a couple of cards no one wants and another two I want to move but their link to sign up as a seller is broken. Not a good sign so I will keep looking
@kindoflost Why exactly does "no one want" the couple of cards you mentioned? Are they the banks/cards that are known to be problematic or the cards that nobody accepts? Also are you sure the link was broken? I tend to think it was more likely a glitch with a server connection or possibly even your ISP... Did you receive an error page?
I think this is why the referral to new/old and good/bad company are used here so people don't post negative remarks without being sure or honest about the underlying issue. I've been selling solely with that company for a while now and my experience is nothing but excellent. My first post on this forum was to question someone who claimed they were not paid by the company after repeated requests, which turned out to be a mere week - but that user conveniently forgot to mention that they had already received an answer and was not paid because they removed the AU in the middle of the purchase period (contrary to the agreement).
Interestingly enough, that same seller went back to that company to be a seller again. Never did answer me when I asked to help them resolve their payment issue since I knew something was not correct/right about that. I offered to speak to the owner on their behalf and help, because I've built up a pretty solid relationship with them in a few short years because I have a lot of old, high-limit cards.
It seems they have fixed their get started link.
Did you see it not working? If so, @kindoflost must have been correct.
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
found it, "other company" is gfsgroup.org. I tried to sign up because I have a couple of cards no one wants and another two I want to move but their link to sign up as a seller is broken. Not a good sign so I will keep looking
@kindoflost Why exactly does "no one want" the couple of cards you mentioned? Are they the banks/cards that are known to be problematic or the cards that nobody accepts? Also are you sure the link was broken? I tend to think it was more likely a glitch with a server connection or possibly even your ISP... Did you receive an error page?
I think this is why the referral to new/old and good/bad company are used here so people don't post negative remarks without being sure or honest about the underlying issue. I've been selling solely with that company for a while now and my experience is nothing but excellent. My first post on this forum was to question someone who claimed they were not paid by the company after repeated requests, which turned out to be a mere week - but that user conveniently forgot to mention that they had already received an answer and was not paid because they removed the AU in the middle of the purchase period (contrary to the agreement).
Interestingly enough, that same seller went back to that company to be a seller again. Never did answer me when I asked to help them resolve their payment issue since I knew something was not correct/right about that. I offered to speak to the owner on their behalf and help, because I've built up a pretty solid relationship with them in a few short years because I have a lot of old, high-limit cards.
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
found it, "other company" is gfsgroup.org. I tried to sign up because I have a couple of cards no one wants and another two I want to move but their link to sign up as a seller is broken. Not a good sign so I will keep looking
@kindoflost Why exactly does "no one want" the couple of cards you mentioned? Are they the banks/cards that are known to be problematic or the cards that nobody accepts? Also are you sure the link was broken? I tend to think it was more likely a glitch with a server connection or possibly even your ISP... Did you receive an error page?
I think this is why the referral to new/old and good/bad company are used here so people don't post negative remarks without being sure or honest about the underlying issue. I've been selling solely with that company for a while now and my experience is nothing but excellent. My first post on this forum was to question someone who claimed they were not paid by the company after repeated requests, which turned out to be a mere week - but that user conveniently forgot to mention that they had already received an answer and was not paid because they removed the AU in the middle of the purchase period (contrary to the agreement).
Interestingly enough, that same seller went back to that company to be a seller again. Never did answer me when I asked to help them resolve their payment issue since I knew something was not correct/right about that. I offered to speak to the owner on their behalf and help, because I've built up a pretty solid relationship with them in a few short years because I have a lot of old, high-limit cards.
It seems they have fixed their get started link.
Did you see it not working? If so, @kindoflost must have been correct.
Yes. It wasn't working when I read his comment.
hey,
what was/is the "other company" you are now/again talking about?
With all the "new company" "old company" and now "other company" I don't know what is what anymore.
if it is against the thread rules to post the name, I would appreciate a message.
thank you very much
found it, "other company" is gfsgroup.org. I tried to sign up because I have a couple of cards no one wants and another two I want to move but their link to sign up as a seller is broken. Not a good sign so I will keep looking
@kindoflost Why exactly does "no one want" the couple of cards you mentioned? Are they the banks/cards that are known to be problematic or the cards that nobody accepts? Also are you sure the link was broken? I tend to think it was more likely a glitch with a server connection or possibly even your ISP... Did you receive an error page?
I think this is why the referral to new/old and good/bad company are used here so people don't post negative remarks without being sure or honest about the underlying issue. I've been selling solely with that company for a while now and my experience is nothing but excellent. My first post on this forum was to question someone who claimed they were not paid by the company after repeated requests, which turned out to be a mere week - but that user conveniently forgot to mention that they had already received an answer and was not paid because they removed the AU in the middle of the purchase period (contrary to the agreement).
Interestingly enough, that same seller went back to that company to be a seller again. Never did answer me when I asked to help them resolve their payment issue since I knew something was not correct/right about that. I offered to speak to the owner on their behalf and help, because I've built up a pretty solid relationship with them in a few short years because I have a lot of old, high-limit cards.
I have two Wells Fargo cards I want to allocate. I got an error on the survey that I was supposed to fill. It may have been my ISP so my fault, my apologies to "other company".
I am sure we are not using names for different reason.
Oh and I was sure and being honest.
Regards
anyone worked with a company that accepts Synchrony before?
Considering opening a Paypal card for the 3% on Paypal purchases (plus GPay) but prefer to only open potential future TL cards at this pt
How often do you guys transition between different companies? And what's the best way to do it? One of the companies I'm working with recently told me they had to lower their quoted amount (where they were beating other companies before) and now I'm having second thoughts about staying with them. They are also pretty slow with responding to inquiries and paying on time, so I'm leaning towards just leaving them and going with the company who is more consistent in their responses and communications. At the same time, it seems like a hassle to 'start from square one' - they seemed to have perked up when I told them I have another company offering me more for the same tradeline sales and offered to match them but then asked me if I could sell another tradeline for slightly less than the other company. I initially told them that if they can consistently fill the spots, then sure I'm OK with that and then they asked if I have any other cards. At this point, I'm not thrilled about the dialogue...
In the case that I do decide that I want to switch, should I just tell them that "effective immediately, please stop listing my tradelines and please pay out once the terms on the existing orders are fulfilled"? Or should I wait until there's a lapse and then tell them I'm not longer with them? Do I need to wait to do all this before I officially sign up with the other company?
I would just tell them to stop listing it but keep the AUs currently on the card until their period is over.
How often do you guys transition between different companies? And what's the best way to do it? One of the companies I'm working with recently told me they had to lower their quoted amount (where they were beating other companies before) and now I'm having second thoughts about staying with them. They are also pretty slow with responding to inquiries and paying on time, so I'm leaning towards just leaving them and going with the company who is more consistent in their responses and communications. At the same time, it seems like a hassle to 'start from square one' - they seemed to have perked up when I told them I have another company offering me more for the same tradeline sales and offered to match them but then asked me if I could sell another tradeline for slightly less than the other company. I initially told them that if they can consistently fill the spots, then sure I'm OK with that and then they asked if I have any other cards. At this point, I'm not thrilled about the dialogue...
In the case that I do decide that I want to switch, should I just tell them that "effective immediately, please stop listing my tradelines and please pay out once the terms on the existing orders are fulfilled"? Or should I wait until there's a lapse and then tell them I'm not longer with them? Do I need to wait to do all this before I officially sign up with the other company?
Finally giving up on "New company" aka "Bad company"? 😅
I would just tell them to stop listing it but keep the AUs currently on the card until their period is over.
My only concern at this point, after thinking about it, is if they decide to give me the shaft and refuse to pay out for the remaining AUs... I mean, what's to stop them from acting dishonestly in that sense?
Or should I wait until there's a lapse and then tell them I'm not longer with them? Do I need to wait to do all this before I officially sign up with the other company?
Or should I wait until there's a lapse and then tell them I'm not longer with them? Do I need to wait to do all this before I officially sign up with the other company?
I tell them to pause sales on my cards and then never tell them to put them up for sale again. I feel better about that in case the new company I've picked doesn't work out and I need to move back.
I allocate cards to the different companies once or twice a year depending upon payout, reliability of sales, and customer service.
I just got my US bank credit card closed due to the credit line opening patterns.
Does anyone know how long I need to wait before opening a new US bank credit card? Wonder if i can get the sign up bonus again.
I was using the US bank Cash+ card.
How do you know what the "reliability of sales" is going to be like for a given company? Or how do you judge that (as well as customer service)? Are these companies you've already worked with or know that they're busier or can sell AUs better during certain times of the year or something? I'm just wondering how you know to decide on when to allocate/reallocate cards....
What's the current situation regarding AU cards being sent out by Barclay?
(1) Is there a checkbox to tell them not to send at all?
(2) If not: do they put the AU name on the mailer?
Thanks for any info. :)
What's the current situation regarding AU cards being sent out by Barclay?
(1) Is there a checkbox to tell them not to send at all?
(2) If not: do they put the AU name on the mailer?
Thanks for any info. :)
Yes, there's a checkbox to tell them to NOT send. Also, yes, the AU name is on the mailer - same as all banks (at least all banks I'm aware of).
What's the current situation regarding AU cards being sent out by Barclay?
(1) Is there a checkbox to tell them not to send at all?
(2) If not: do they put the AU name on the mailer?
Thanks for any info. :)
Yes, there's a checkbox to tell them to NOT send. Also, yes, the AU name is on the mailer - same as all banks (at least all banks I'm aware of).
Glad to hear it can be headed off entirely!
Thanks! :)
Citibank annoyingly does have the AUs name on it most of the time.
Yes, there's a checkbox to tell them to NOT send. Also, yes, the AU name is on the mailer - same as all banks (at least all banks I'm aware of).
Citibank annoyingly does have the AUs name on it most of the time.
Yes, there's a checkbox to tell them to NOT send. Also, yes, the AU name is on the mailer - same as all banks (at least all banks I'm aware of).
Citibank annoyingly does have the AUs name on it most of the time.
Yes, there's a checkbox to tell them to NOT send. Also, yes, the AU name is on the mailer - same as all banks (at least all banks I'm aware of).
Isn't it nice to know that the institutions who manage all of our money and personal information basically operate with no permanent set of rules and constatly have errors or changes on the way things are executed depending which rep you ask, which bank you visit, or which position the moon is in? LOL..
You'd think they could be more consistent. They're very consistent and precise with any sort of fees or charges, that much I'm sure of!
Citibank annoyingly does have the AUs name on it most of the time.
Yes, there's a checkbox to tell them to NOT send. Also, yes, the AU name is on the mailer - same as all banks (at least all banks I'm aware of).
Isn't it nice to know that the institutions who manage all of our money and personal information basically operate with no permanent set of rules and constatly have errors or changes on the way things are executed depending which rep you ask, which bank you visit, or which position the moon is in? LOL..
You'd think they could be more consistent. They're very consistent and precise with any sort of fees or charges, that much I'm sure of!
Yes the combination of having the AUs name on the envelope, and having the same credit card number as the account holder is not the best security protocol imo.
What's the current situation regarding AU cards being sent out by Barclay?
(1) Is there a checkbox to tell them not to send at all?
(2) If not: do they put the AU name on the mailer?
Thanks for any info. :)
Yes, there's a checkbox to tell them to NOT send. Also, yes, the AU name is on the mailer - same as all banks (at least all banks I'm aware of).
Glad to hear it can be headed off entirely!
Thanks! :)
No problem. BTW the answer to (2) - I typed exactly what I thought you meant by "mailer" - meaning, the mailed card - will have the AU's name. I just now realized you were maybe asking about the actual "envelope" when referring to the "mailer"...
I woke up this morning to an email from CapitalOne that someone changed my address and phone number on my account. I logged in and sure enough, it was true, plus they also added an email and phone number. I Googled the mailing address and it does not even appear to exist. I use this card for "Old Company" and it does not look like one of the AUs I added. I checked the password and sure enough, it was one that was compromised in a data breech last year and I never updated it! Anyway, got things straightened out with CapOne and they are sending a new card.
Updating to say someone got in there and changed the address, phone number, and email address back to the fraudulent one. I got in and switched it back to my own, but how does this happen a second time in one day, especially after I changed the password?
I woke up this morning to an email from CapitalOne that someone changed my address and phone number on my account. I logged in and sure enough, it was true, plus they also added an email and phone number. I Googled the mailing address and it does not even appear to exist. I use this card for "Old Company" and it does not look like one of the AUs I added. I checked the password and sure enough, it was one that was compromised in a data breech last year and I never updated it! Anyway, got things straightened out with CapOne and they are sending a new card.
Updating to say someone got in there and changed the address, phone number, and email address back to the fraudulent one. I got in and switched it back to my own, but how does this happen a second time in one day, especially after I changed the password?
The second change is worrisome for sure! Did you talk to their fraud or security team again? If not, you might consider it.
I am not too familiar with CapOne credit cards, but perhaps they allow multiple logins. Maybe the fraudster made a login for himself.
As a general rule, before I enroll any card for piggybacking, I'll turn on all the alerts and notifications and limits I can. I've never had an AU + fraud related issue yet, but I figure it can't hurt and might help.
As a general rule, before I enroll any card for piggybacking, I'll turn on all the alerts and notifications and limits I can. I've never had an AU + fraud related issue yet, but I figure it can't hurt and might help.
I second that. I also use two-step verification on all accounts, and a recovery email account with very complex passwords which I only use as recovery accounts for banking - not any other types of accounts/subscriptions/services, etc.... The recovery email account is NOT connected to my banking as a recovery account, only to the primary email which I use solely for banking. As much of a hassle as it is to enter a code every single time I enter a banking app I've never had a genuine fraud problem.
@frozen If I were you, I would do the fraud alerts. I don't think that will impact your AU's, but I hope someone else can confirm.
I recently had fraud (unrelated to piggybacking). I was surprised to learn that someone can apply for a credit with only your last 4 digits of the SSN! The rep at the bank was able to tell me what data of mine they had and used to apply, which was also helpful.
@frozen
The CapitalOne rep told me that someone can log into the account with different credentials and bypass the user name and password. The rep also sald that someone submitted an ID to them today, which was a Drivers License or state ID.
@frozen
The CapitalOne rep told me that someone can log into the account with different credentials and bypass the user name and password. The rep also sald that someone submitted an ID to them today, which was a Drivers License or state ID.
This is the most ridiculous thing I thing I've read regarding bad banking in a long time. Let me get this right:
Someone can login to my account using "different credentials"? If they know this, why in the F@CK is it still possible? It's so ridiculous I want to laugh my ass off, but it's not even funny. And also, I am literally not surprised because literally nothing surprises me anymore. Basically they're telling you
"well, your username and password are required for you to login to your account and access your money....... but, they're only for you.... and, they're completely useless in protecting your account. We're well aware of this. Is there anything else we can assist you with today?"
Absolutely unreal.
As a general rule, before I enroll any card for piggybacking, I'll turn on all the alerts and notifications and limits I can. I've never had an AU + fraud related issue yet, but I figure it can't hurt and might help.
I second that. I also use two-step verification on all accounts, and a recovery email account with very complex passwords which I only use as recovery accounts for banking - not any other types of accounts/subscriptions/services, etc.... The recovery email account is NOT connected to my banking as a recovery account, only to the primary email which I use solely for banking. As much of a hassle as it is to enter a code every single time I enter a banking app I've never had a genuine fraud problem.
Great tactics here! Thanks! This is unbelievable but this guy got in and changed my address, phone number, and email address for a 3rd time and requested a card to be sent! I called CapitalOne's fraud department and asked how this could possibly happen for a 3rd time and they think he has enough information about me to bypass the standard log-in to the account. I was able to place a lock on the online access to the account which cannot be unlocked unless I call and go through verifications. They also suggested I place a fraud alert on my credit report. If I place a fraud alert, will it have any effect on AUs being added or posted?
Yes, it's a pain in the ass as I said, but you drastically decreased the chances of being hacked AND if you lose your phone, there is a lot less potential that you'll need to close accounts, which will affect your active tradelines when you have to cancel them because all your accounts were hacked and you require new cards & card numbers, etc...
Question: if i product change a Chase card that i'm using for TLs (e.g. freedom to sapphire), will everything else stay the same? E.g. existing AUs, credit limit, credit age etc? Or is it better not to change those cards?
Yes, it's a pain in the ass as I said, but you drastically decreased the chances of being hacked AND if you lose your phone, there is a lot less potential that you'll need to close accounts, which will affect your active tradelines when you have to cancel them because all your accounts were hacked and you require new cards & card numbers, etc...
I have had one occasion to request a new card and account number with active AUs on it. I don't recall the reason; it may have been because a card got lost in the mail and the CC company offered it.
I received a new card for myself with a new number, and also new AU cards as well. Cards posted, got paid, no issues.
It's possible in some scenarios that a problem might occur around fraud and AUs, but it's not guaranteed.
Yes, it's a pain in the ass as I said, but you drastically decreased the chances of being hacked AND if you lose your phone, there is a lot less potential that you'll need to close accounts, which will affect your active tradelines when you have to cancel them because all your accounts were hacked and you require new cards & card numbers, etc...
I have had one occasion to request a new card and account number with active AUs on it. I don't recall the reason; it may have been because a card got lost in the mail and the CC company offered it.
I received a new card for myself with a new number, and also new AU cards as well. Cards posted, got paid, no issues.
It's possible in some scenarios that a problem might occur around fraud and AUs, but it's not guaranteed.
You got lucky! Or, your bank had a process already in place that wouldn't cause the problems I'm concerned about. That's how all banks should work.
I agree with you (and obviously since you had that first hand experience) that it's not guaranteed but IMO better safe than sorry. Someone could go 20 years with no security in place and have zero issues.. I'm actually surprised that situation worked out for you so smoothly without affecting anything, which bank was it?
Yes, it's a pain in the ass as I said, but you drastically decreased the chances of being hacked AND if you lose your phone, there is a lot less potential that you'll need to close accounts, which will affect your active tradelines when you have to cancel them because all your accounts were hacked and you require new cards & card numbers, etc...
I have had one occasion to request a new card and account number with active AUs on it. I don't recall the reason; it may have been because a card got lost in the mail and the CC company offered it.
I received a new card for myself with a new number, and also new AU cards as well. Cards posted, got paid, no issues.
It's possible in some scenarios that a problem might occur around fraud and AUs, but it's not guaranteed.
You got lucky! Or, your bank had a process already in place that wouldn't cause the problems I'm concerned about. That's how all banks should work.
I agree with you (and obviously since you had that first hand experience) that it's not guaranteed but IMO better safe than sorry. Someone could go 20 years with no security in place and have zero issues.. I'm actually surprised that situation worked out for you so smoothly without affecting anything, which bank was it?
I don't recall offhand. It was one of the major ones and I recall having AUs on it. So it would have been one of Capital One, Citi, or Chase.
I understand there is a concern about fraud and identity theft in general and that can be heightened with AUs. I think it's also possible to go overboard the other way and waste time and energy trying to do everything to prevent any possible risk. I think there's some amount of reasonable effort people should expend. I've done that for myself. And everyone gets to decide where their risk/reward tradeoff lies for them. But I don't think it's ever possible to drive the risk to zero.
I also think that the Capital One representative saying there was another way into an account was probably somewhat unclear and the ensuing conversation discussing it here vastly overstates the risk. I was able to confirm that there is a username recovery feature at Capital One which does require last name, full SSN, and birthday. If you provide that information accurately, it tells you your username and gives you a chance to reset your password - but doing that requires either the CVV on the card or 2FA. This is not an alternate login path; it's a normal username/password recovery process that exists at pretty much every financial institution I've ever dealt with.
If all of that info of mine got out there and I were concerned about the security of my Capital One CC account, I'd just call and talk with the fraud department. It'd be a hassle, but I wouldn't be responsible for any charges and none of the fraudulent charges would impact my credit history or score.
I have heard all of the stories about people's credit history being ruined, or identity thieves stealing their house title, or whatever. It probably does happen. But I think the identity and mortgage theft companies dramatize and play up the risk. It hasn't happened to any serious degree to me, my family members, or anyone I know.
But again, if a person is too concerned, then maybe piggybacking in general is not a good fit for them. And again, everyone gets to decide for themselves on the risk/reward tradeoff.
ETA: I also got an email confirming my username activity at Capital One within a few minutes of me playing around with it, with the usual verbiage of "This happened, if it's not you please call us immediately, here's our fraud number."
Has anyone had any trouble today or recently adding Barclays AUs?
I'm getting this on the website:
Your request cannot be completed online at this time.We apologize for any inconvenience.
To process your request, please contact Customer Service at 1-866-383-8192.
I'm on the phone now and the first rep I spoke with was unable to process the request to add an AU and I've been transferred twice now...
Has anyone had any trouble today or recently adding Barclays AUs?
I'm getting this on the website:
Your request cannot be completed online at this time.We apologize for any inconvenience.
To process your request, please contact Customer Service at 1-866-383-8192.
I'm on the phone now and the first rep I spoke with was unable to process the request to add an AU and I've been transferred twice now...
As others have said, sounds like you hit the lifetime limit, which is between 35 and 40.
They won't be able to add any more AUs to that card.
Best thing to do IMHO is to apply for a new Barclays card, shift all the CL from the old Barclays to the new Barclays, then wait 2 years for it to season.
Having a card canceled doesn't make you ineligible for a SUB. Lots of CCs do have limitations in terms of how frequently or how many times you can receive a SUB, and those rules would still apply.
How long to wait is up to you. I had two USBank CCs closed for AU activity; I think I waited six months or so.
USBank might keep track of their own experience with you, aside from anything on your credit report. They might choose to decline you on that basis. But I was able to open two more USBank CCs after my previous two were closed, so you might succeed as well.
Planning for the future, it seems like the AARP cards have decent sign up bonuses. Does Barclays consolidate two applications in one day on one pull?
What happens if you leave AARP, do they convert the cards to some other no fee Barclay card?
Having a card canceled doesn't make you ineligible for a SUB. Lots of CCs do have limitations in terms of how frequently or how many times you can receive a SUB, and those rules would still apply.
How long to wait is up to you. I had two USBank CCs closed for AU activity; I think I waited six months or so.
USBank might keep track of their own experience with you, aside from anything on your credit report. They might choose to decline you on that basis. But I was able to open two more USBank CCs after my previous two were closed, so you might succeed as well.
Do you know if USbank shuts down all your cards with them for AU activity (even those that you don't use for TLs) or just the cards you use?
Does anyone know what the right cadence is for Chase e.g. how many users to add for a given card in how many months, without being shut down?
I heard Chase is a bit stringent on this and can shut down quite easily compared to other providers, so hoping to have some guidance and data points on this.
Chase shut me down earlier this year.
7 AUs added in 2018
1 in 2021
2 in 2022
I had also been low key churning accounts for sign up bonuses and think that's what triggered it. I had just been approved for a new business card with a very low limit. I called in to move some of the $70K+ credit limit from my oldest personal card to the new business card and a couple days later was notified that my accounts were closed.
I'll wait a couple years and try again. Hope the reports that it's not permanent are accurate.
Having a card canceled doesn't make you ineligible for a SUB. Lots of CCs do have limitations in terms of how frequently or how many times you can receive a SUB, and those rules would still apply.
How long to wait is up to you. I had two USBank CCs closed for AU activity; I think I waited six months or so.
USBank might keep track of their own experience with you, aside from anything on your credit report. They might choose to decline you on that basis. But I was able to open two more USBank CCs after my previous two were closed, so you might succeed as well.
Do you know if USbank shuts down all your cards with them for AU activity (even those that you don't use for TLs) or just the cards you use?
I'm not sure; I suspect not only because I have never heard of it happening. I had two USBank cards that both got shut down for AU activity pretty much simultaneously. But those were the only two USBank cards I had, and I was piggybacking on both. As mentioned earlier in the thread, I waited a bit (a few months?), then reapplied and got two more USBank cards that are now enrolled with Good Company.
Obviously piggybacking on all the cards one has with a CC company increases the risk of them shutting down other cards you have with them.
Well, you gotta have some other cards to put your actual spend on. :D Or are you using a card you can't enroll for that? LOL
Please be wary of the AARP cards. P2 and I are not of age yet and Barclays has a check box that asks if you want soliciting calls. I unchecked both. However, after getting flooded with calls (a couple an hour) for a month, I checked and the check boxes are back. I keep checking, but once on the call lists, you are always on the call lists. We still get several calls a day about medicare benefits, death insurance, "free" programs and other ways to help you spend your money.
Yes, I have asked to be put on the do not call list, but please be patient cause it takes forever to update their do not call lists. By forever, I mean the 5th person after me who gets this number will be getting calls for me.
One of my AUs bought a house and my number is the only one on record for them? Needless to say, they call repeatedly after being informed there is no one by that name associated with this number.
Be wary of the AARP sign up calls. Can you tell I'm frustrated with telemarketers? P2 got scammed also.
Thank you and while I agree, the link didn't request my telephone number. I am not an AARP member so I don't have a sign in with them. This will be interesting.Please be wary of the AARP cards. P2 and I are not of age yet and Barclays has a check box that asks if you want soliciting calls. I unchecked both. However, after getting flooded with calls (a couple an hour) for a month, I checked and the check boxes are back. I keep checking, but once on the call lists, you are always on the call lists. We still get several calls a day about medicare benefits, death insurance, "free" programs and other ways to help you spend your money.
Yes, I have asked to be put on the do not call list, but please be patient cause it takes forever to update their do not call lists. By forever, I mean the 5th person after me who gets this number will be getting calls for me.
One of my AUs bought a house and my number is the only one on record for them? Needless to say, they call repeatedly after being informed there is no one by that name associated with this number.
Be wary of the AARP sign up calls. Can you tell I'm frustrated with telemarketers? P2 got scammed also.
This sounds like an AARP marketing setting rather than Barclays? I signed up for AARP itself in the fall ($23 cashback vs $12 cost or whatever)...I opted out of all the marketing at the AARP website and haven't received anything.
I believe the link was:
https://help.aarp.org/s/ccpa-request-page
I think I have 3 different AARP cards. Besides 15 years ago and 1 year ago, I've never been an AARP member and none of my credit cards with an AARP label were ever affected. I believe I have an AMEX, a Master Card and a Visa that have various banks with AARP labels.
A couple of questions to those who had their Chase accounts shut down for AU activity. I know that Chase closes all the accounts and potentially bans you for life.
-Were you able to redeem UR points after they notified you of account closure? If so, were you able to transfer them to partner airlines or hotels or only redeem for cash?
-If you had checking or savings accounts with some funds deposited, what happened? Did Chase close the accounts too? How did you get the money from those accounts?
A couple of questions to those who had their Chase accounts shut down for AU activity. I know that Chase closes all the accounts and potentially bans you for life.
-Were you able to redeem UR points after they notified you of account closure? If so, were you able to transfer them to partner airlines or hotels or only redeem for cash?
-If you had checking or savings accounts with some funds deposited, what happened? Did Chase close the accounts too? How did you get the money from those accounts?
These seem very specific. Did you get shut down by Chase?
I have not had any Chase accounts shut down. However, my understanding of your two questions based on a lot of reading is:
1. You would lose all URs and neither be able to redeem them for cash nor transfer them to any travel partners.
2. They don't close checking/savings accounts for AU activity. What they reportedly do is close all Chase CCs regardless of whether or not you were using all Chase cards for AUs or just a subset.
I have not had any Chase accounts shut down. However, my understanding of your two questions based on a lot of reading is:
1. You would lose all URs and neither be able to redeem them for cash nor transfer them to any travel partners.
2. They don't close checking/savings accounts for AU activity. What they reportedly do is close all Chase CCs regardless of whether or not you were using all Chase cards for AUs or just a subset.
Thanks, this is very helpful. If this is the case, it's still ok to get bank account sign up bonuses with Chase but probably not UR points sign up bonuses for credit cards....or be prepared to lose them at any moment unless you transfer them to an airline or hotel partner (which, without specific redemption plans, will make those points a lot less valuable.
A couple of questions to those who had their Chase accounts shut down for AU activity. I know that Chase closes all the accounts and potentially bans you for life.
-Were you able to redeem UR points after they notified you of account closure? If so, were you able to transfer them to partner airlines or hotels or only redeem for cash?
-If you had checking or savings accounts with some funds deposited, what happened? Did Chase close the accounts too? How did you get the money from those accounts?
I have not had any Chase accounts shut down. However, my understanding of your two questions based on a lot of reading is:
1. You would lose all URs and neither be able to redeem them for cash nor transfer them to any travel partners.
2. They don't close checking/savings accounts for AU activity. What they reportedly do is close all Chase CCs regardless of whether or not you were using all Chase cards for AUs or just a subset.
A couple of questions to those who had their Chase accounts shut down for AU activity. I know that Chase closes all the accounts and potentially bans you for life.
-Were you able to redeem UR points after they notified you of account closure? If so, were you able to transfer them to partner airlines or hotels or only redeem for cash?
-If you had checking or savings accounts with some funds deposited, what happened? Did Chase close the accounts too? How did you get the money from those accounts?
I have not had any Chase accounts shut down. However, my understanding of your two questions based on a lot of reading is:
1. You would lose all URs and neither be able to redeem them for cash nor transfer them to any travel partners.
2. They don't close checking/savings accounts for AU activity. What they reportedly do is close all Chase CCs regardless of whether or not you were using all Chase cards for AUs or just a subset.
My experience does not agree with point #1.
Chase shut me down a year ago and I was able to redeem all my UR points for cash after being notified of the closure.
Anyone hear if Capital One cards are off the pause/hold at Good Company?
Has anyone had any trouble today or recently adding Barclays AUs?
I'm getting this on the website:
Your request cannot be completed online at this time.We apologize for any inconvenience.
To process your request, please contact Customer Service at 1-866-383-8192.
I'm on the phone now and the first rep I spoke with was unable to process the request to add an AU and I've been transferred twice now...
As others have said, sounds like you hit the lifetime limit, which is between 35 and 40.
They won't be able to add any more AUs to that card.
Best thing to do IMHO is to apply for a new Barclays card, shift all the CL from the old Barclays to the new Barclays, then wait 2 years for it to season.
When you hit the lifetime limit, I'm assuming the card stays open but you just can't add any more AUs right?
I have a theoretical/general question. Generally, the people in this TL thread, including me, don't want to deal with less reputable TL companies or sell TLs directly because we want to avoid fraudulent AUs or any other risks. AFAIK, the most common example of AU fraud is using a CPN (basically an illegitimate SSN) and then using TLs to create a credit history for it and make it look legitimate.
What happens when you add AUs to cards where they don't require SSN for it to post (e.g. Barclays)? If you don't enter SSN, does it mean that this card can't be used by shady companies or individuals to make CPNs look legit? Does that protect the card holder from this kind of risk? Does it mean that it's ok to add AUs w/o SSN even with less reputable companies or sell them directly?
I’ve never called in a Barclays ssn. Never had a non posting that I’m aware of.
But it’s been a year since my old card reached the max, so I don’t know if something has changed since then.
I have a theoretical/general question. Generally, the people in this TL thread, including me, don't want to deal with less reputable TL companies or sell TLs directly because we want to avoid fraudulent AUs or any other risks. AFAIK, the most common example of AU fraud is using a CPN (basically an illegitimate SSN) and then using TLs to create a credit history for it and make it look legitimate.
What happens when you add AUs to cards where they don't require SSN for it to post (e.g. Barclays)? If you don't enter SSN, does it mean that this card can't be used by shady companies or individuals to make CPNs look legit? Does that protect the card holder from this kind of risk? Does it mean that it's ok to add AUs w/o SSN even with less reputable companies or sell them directly?
I've seen them sold there. I figured at my scale (or lack of) it would be a simpler solution.
Sell tradelines on Ebay? I've never heard of that.
Here are my questions:
[1] How slow do I need to go to ensure safety from bank anger? How would 2 AUs per card per year look?
[2] How long do you leave the AU on? Would longer command a higher price?
[3] Does card utilization % factor in here at all?
[4] I'd like to sell on ebay, anything I need to know before I do that?
I'm also extremely interested in hearing about the length of time - SPECIFICALLY about add/removal dates. I would like to hear various replies from experienced users with many cards about how many tradelines you think/know you can sell each year, per slot (not per card).
I don't see it mathematically possible, for example, to have 6 sales per slot, per year. Especially when each purchaser requires 2 months of time actually ON the card as an AU - not just 2 sequential credit reports saying that the tradeline appears. In reality, if the prior sentence were the case, they could be removed directly after the second posting appeared on the report. This means they're not LIVE on the card as an AU for a full 2 months as they're led to believe. It also means potential for failure, non-payment, and wasted time, etc..
Thoughts?
2. I follow the recommendations of Good Company. It varies from 2 months to 4 months, depending on issuer. Pay rate is mostly based on CL and age. If you're selling directly, you can negotiate whatever you want. More money for longer makes sense. I occasionally will have a "renewal order" where an AU apparently didn't get their stuff done in the first slot, so they pay again for a second consecutive slot.
2. I follow the recommendations of Good Company. It varies from 2 months to 4 months, depending on issuer. Pay rate is mostly based on CL and age. If you're selling directly, you can negotiate whatever you want. More money for longer makes sense. I occasionally will have a "renewal order" where an AU apparently didn't get their stuff done in the first slot, so they pay again for a second consecutive slot.
Is there any value to the AU to be on for 6 months v 3 months? Or does it not matter, once it is reported once or twice, they've gotten their value?
Sell tradelines on Ebay? I've never heard of that.I sold tradelines on eBay for a few months when I started this activity two years ago. I think I got banned by eBay because I did too well. If you decide to give it a try take it easy and try to stay under the radar. I think my mistake was that I made too much too quickly and either eBay itself banned me because I went above some sell amount or some competitor also selling tradelines flagged me. One of my buyers came back for a second tradeline and when I told them I could not sell told me that eBay "cleans up" every so often...
Sell tradelines on Ebay? I've never heard of that.I sold tradelines on eBay for a few months when I started this activity two years ago. I think I got banned by eBay because I did too well. If you decide to give it a try take it easy and try to stay under the radar. I think my mistake was that I made too much too quickly and either eBay itself banned me because I went above some sell amount or some competitor also selling tradelines flagged me. One of my buyers came back for a second tradeline and when I told them I could not sell told me that eBay "cleans up" every so often...
I had two reasons to try eBay: I don't like that the brokers get 70/75% of the selling price and also back then I had cards that I opened to get seasoned and were below the 2 years minimum asked by most brokers but buyers on eBay didn't mind.
HTH
Here are my questions:
[1] How slow do I need to go to ensure safety from bank anger? How would 2 AUs per card per year look?
[2] How long do you leave the AU on? Would longer command a higher price?
[3] Does card utilization % factor in here at all?
[4] I'd like to sell on ebay, anything I need to know before I do that?
[Numbers added for reference.]
1. Nobody knows for sure, there are no guarantees. Less activity is probably safer. Using recommended companies is probably safer. Following their recommendations is probably safer. The general rule of thumb is to not add AUs to any tradeline that you're not willing to have the bank close on you. I use a recommended company and follow their guidelines on everything. I've had probably 150 AUs and have had two cards closed, one card with a weird issue, and one issuer call and ask me nicely to stop. But I don't mind breakage.
2. I follow the recommendations of Good Company. It varies from 2 months to 4 months, depending on issuer. Pay rate is mostly based on CL and age. If you're selling directly, you can negotiate whatever you want. More money for longer makes sense. I occasionally will have a "renewal order" where an AU apparently didn't get their stuff done in the first slot, so they pay again for a second consecutive slot.
3. You're expected to have at least some utilization so the card posts to the AU's credit report. You're expected to keep utilization under 10% so it doesn't adversely affect the AU's credit. Anywhere in between is fine.
4. No idea. I wouldn't do it personally, but I can understand the appeal.I'm also extremely interested in hearing about the length of time - SPECIFICALLY about add/removal dates. I would like to hear various replies from experienced users with many cards about how many tradelines you think/know you can sell each year, per slot (not per card).
I don't see it mathematically possible, for example, to have 6 sales per slot, per year. Especially when each purchaser requires 2 months of time actually ON the card as an AU - not just 2 sequential credit reports saying that the tradeline appears. In reality, if the prior sentence were the case, they could be removed directly after the second posting appeared on the report. This means they're not LIVE on the card as an AU for a full 2 months as they're led to believe. It also means potential for failure, non-payment, and wasted time, etc..
Thoughts?
As noted above, I follow Good Company recommendations on length of time to leave them on the card. Usually the order gets released to me and added to the card just before statement close - usually a few days.
I leave the AU on until the recommended remove date. I generally remove them on that date or a day or two later. I keep track of the number of days each AU is on (because it's easy to track in my spreadsheet). Usually "two cycles" equates to 55 to 63 days. Similar numbers for "three cycles" and "four cycles".
With Good Company, since I have X slots per card, they will sometimes sell a slot that is in the process of being vacated. So if I have two slots on a card and they are both filled by AUs, and the cycle date is coming up, they'll have me remove one of the existing AUs, say, 3 days before cycle date, then add a new AU 2 days before cycle date. Very rarely the dates will overlap by a day or two, or I choose to wait because they release the new AU order to me a day or two before the old AU is due to come off.
So the TLDR is that Good Company seems to want you to have them on for "number of cycles" minus a few days.
Good Company generally guarantees to pay if it posts and you leave them on until the "remove date" listed on their portal. I just keep a tickler in my to do file for the date on which my next AU is to be removed, so it's pretty easy.
Sell tradelines on Ebay? I've never heard of that.I sold tradelines on eBay for a few months when I started this activity two years ago. I think I got banned by eBay because I did too well. If you decide to give it a try take it easy and try to stay under the radar. I think my mistake was that I made too much too quickly and either eBay itself banned me because I went above some sell amount or some competitor also selling tradelines flagged me. One of my buyers came back for a second tradeline and when I told them I could not sell told me that eBay "cleans up" every so often...
I had two reasons to try eBay: I don't like that the brokers get 70/75% of the selling price and also back then I had cards that I opened to get seasoned and were below the 2 years minimum asked by most brokers but buyers on eBay didn't mind.
HTH
Sell tradelines on Ebay? I've never heard of that.I sold tradelines on eBay for a few months when I started this activity two years ago. I think I got banned by eBay because I did too well. If you decide to give it a try take it easy and try to stay under the radar. I think my mistake was that I made too much too quickly and either eBay itself banned me because I went above some sell amount or some competitor also selling tradelines flagged me. One of my buyers came back for a second tradeline and when I told them I could not sell told me that eBay "cleans up" every so often...
I had two reasons to try eBay: I don't like that the brokers get 70/75% of the selling price and also back then I had cards that I opened to get seasoned and were below the 2 years minimum asked by most brokers but buyers on eBay didn't mind.
HTH
That's pretty interesting. How did you avoid fraudulent AUs?
Sell tradelines on Ebay? I've never heard of that.I sold tradelines on eBay for a few months when I started this activity two years ago. I think I got banned by eBay because I did too well. If you decide to give it a try take it easy and try to stay under the radar. I think my mistake was that I made too much too quickly and either eBay itself banned me because I went above some sell amount or some competitor also selling tradelines flagged me. One of my buyers came back for a second tradeline and when I told them I could not sell told me that eBay "cleans up" every so often...
I had two reasons to try eBay: I don't like that the brokers get 70/75% of the selling price and also back then I had cards that I opened to get seasoned and were below the 2 years minimum asked by most brokers but buyers on eBay didn't mind.
HTH
Which cards did you use for Ebay sales? Did you use any cards that require you to provide AU's SSN? How did you screen your customers, for example to make sure their SSN really belongs to them?
That makes a certain kind of sense. I think there are other types of fraud, but for that specific one, sure.
With Barclays historically not caring about AUs at all, really, and not shutting anyone down, it does seem like you could ramp up the risk on the company side and be okay, if you were getting paid more. (Though if you add too many at once, Barclays sometimes doesn't post them, so that's a risk to navigate.)
Sell tradelines on Ebay? I've never heard of that.I sold tradelines on eBay for a few months when I started this activity two years ago. I think I got banned by eBay because I did too well. If you decide to give it a try take it easy and try to stay under the radar. I think my mistake was that I made too much too quickly and either eBay itself banned me because I went above some sell amount or some competitor also selling tradelines flagged me. One of my buyers came back for a second tradeline and when I told them I could not sell told me that eBay "cleans up" every so often...
I had two reasons to try eBay: I don't like that the brokers get 70/75% of the selling price and also back then I had cards that I opened to get seasoned and were below the 2 years minimum asked by most brokers but buyers on eBay didn't mind.
HTH
That's pretty interesting. How did you avoid fraudulent AUs?
I asked the buyer for their credit karma credentials (like the brokers do) and pics of driving license and SS card (what other eBay sellers were doing)
I wonder why our tradeline companies don't post on ebay?
I wonder why our tradeline companies don't post on ebay?
I wonder why our tradeline companies don't post on ebay?
I think it's because it's hard to beat the prices of eBay competition, the security isn't there for secure transfer of personal info, most of us don't want our lines sold through eBay, and no informed buyer wants to send their most personal details & docs over that system. I'm not sure if eBay rules prohibit it in one way or another but you can get totally away with it it seems.
Also imagine trying to manage sales/records/listings/payments using eBay as a platform when you already have a dedicated website developed for the same very specific use. It doesn't make sense for an existing & legitimate tradeline business to sell through there. I know for one that I'd be extremely pissed off if I found out my company was doing that with my cards.
I wonder why our tradeline companies don't post on ebay?
I think it's because it's hard to beat the prices of eBay competition, the security isn't there for secure transfer of personal info, most of us don't want our lines sold through eBay, and no informed buyer wants to send their most personal details & docs over that system. I'm not sure if eBay rules prohibit it in one way or another but you can get totally away with it it seems.
Also imagine trying to manage sales/records/listings/payments using eBay as a platform when you already have a dedicated website developed for the same very specific use. It doesn't make sense for an existing & legitimate tradeline business to sell through there. I know for one that I'd be extremely pissed off if I found out my company was doing that with my cards.
How do those legitimate tradeline businesses advertise and find customers, other than posting available tradelines on their own websites? Do they work with other partners that provide them leads, such as credit repair companies?
Question about Discover and Capital One: When the AU's card is mailed out, whose name is on the envelop, the account owner or the AU?
I ended up having my Citi card closed because my mail forwarding service was sending back cards because they were addressed to the AU. I was going to put a Discover and a Capital One up for sale but will hold off if they also use the AU's name.
Every successful web-based company in the world requires a method for getting leads, usually from within their industry or a related one. But I mean if you're asking, I don't think any tradeline companies are advertising on eBay.
Every successful web-based company in the world requires a method for getting leads, usually from within their industry or a related one. But I mean if you're asking, I don't think any tradeline companies are advertising on eBay.
Yes, I understand that. I wonder where they get most of their leads though...google search, social media ads, credit repair companies, other partner companies?
Every successful web-based company in the world requires a method for getting leads, usually from within their industry or a related one. But I mean if you're asking, I don't think any tradeline companies are advertising on eBay.
Yes, I understand that. I wonder where they get most of their leads though...google search, social media ads, credit repair companies, other partner companies?
I'd say all of the above and then some. Several tradeline companies seem to do credit repair services too, which I personally am not fond of. But as far as where the majority of those leads come from, it would have to depend entirely on the company and their strategy.
I actually tried to set up a tradeline company once. Abandoned the project because I couldn't figure out where I would get customers.
I actually tried to set up a tradeline company once. Abandoned the project because I couldn't figure out where I would get customers.
Yeah I was considering doing the same but I hate sales...so I guess we have to keep giving TL companies 70-80% of the revenue and taking 100% of the risk of account closure.
In reality most people lessen the risk of closure by using a company. If it's a good company and they use good practices and advice, they'll know more than we know as an average seller. Your chances of closures by selling on eBay are probably much higher unless you're really experienced. IMO it'd be too much to keep up with but it would depend entirely on what tradelines you wanted to sell, for how long, etc... Good tradeline companies should protect the buyer and seller and provide a good service. I think it's about a lot more than just having your own sales platform.
I mean, look at this forum. How many years of combined experience with people using various companies and even the companies don't know everything they wish they knew. We share info here every day and sometimes it's only one or two people who have a good answer. We learn new shit every day so when you've got several cards you're dealing with, it's pretty logical to use a company rather than sell them yourself. In contrast, I'm sure there are some people selling themselves and doing very well but the work might be a lot more intensive and risky.
Any other risks you are aware of that can be mitigated or avoided by going though TL companies vs selling directly?
Question about Discover and Capital One: When the AU's card is mailed out, whose name is on the envelop, the account owner or the AU?
I ended up having my Citi card closed because my mail forwarding service was sending back cards because they were addressed to the AU. I was going to put a Discover and a Capital One up for sale but will hold off if they also use the AU's name.
The most recent Capital One AU card was mailed to my address but had the AU's name on it. Another problem with Cap One is that to enter AU's SSN, you need to consent to give them online access. You can still enter your email and phone but what if the AU calls Cape one and changes it?
In reality most people lessen the risk of closure by using a company. If it's a good company and they use good practices and advice, they'll know more than we know as an average seller. Your chances of closures by selling on eBay are probably much higher unless you're really experienced. IMO it'd be too much to keep up with but it would depend entirely on what tradelines you wanted to sell, for how long, etc... Good tradeline companies should protect the buyer and seller and provide a good service. I think it's about a lot more than just having your own sales platform.
I mean, look at this forum. How many years of combined experience with people using various companies and even the companies don't know everything they wish they knew. We share info here every day and sometimes it's only one or two people who have a good answer. We learn new shit every day so when you've got several cards you're dealing with, it's pretty logical to use a company rather than sell them yourself. In contrast, I'm sure there are some people selling themselves and doing very well but the work might be a lot more intensive and risky.
The Good Company publishes their rules and best practices including which TLs are accepted, how long should you keep them depending on the issuer, even max number of TLs per card for certain issuers. This information is available to every seller. All we need to do to minimize (though not completely eliminate) the risk of closure is follow the best practices no matter where we sell TLs (even if we sell them directly).
The risk of dealing with shady customers w/o real SSN can be mitigated by requiring SSN cards and/or using credit cards that don't require SSNs to add TLs.
The only other risk I can think of is AUs somehow getting account access or physical cards which is extremely rare. It also doesn't disappear if you're working with reputable TL companies.
Any other risks you are aware of that can be mitigated or avoided by going though TL companies vs selling directly?
I could probably think of another 5 or 10 risks that could be mitigated or completely avoided if I took my time but the main one - that I think you're underestimating - is dealing with shady customers, avoiding fake identities, screening, etc.. Providing a SS card doesn't quite cut it. Adding cards that don't require SSN to avoid that is an even worse idea because now you're REALLY opening up that door. Via a tradeline company you have ZERO direct contact with that buyer and that's ideally what you want.
Not to mention that things are changing all the time and while there are usually rules to go by from each company, you may not always get the latest info or be updated unless you're holding that specific card live in their inventory. A lot of that info can be found here but people don't necessarily post every time there's a slight change in operation for risk mitigation or safety reasons. New and different things are almost always popping up.
Don't get me wrong, I'm not judging you about selling directly if that's what you chose to do. You'll definitely make more money per sale if you do it right. But the risks should not be underestimated.
I would personally do it if it were hassle-free, but I have too many cards AND the point of this is to make money with as little work as humanly possible - not to be trying to run my own background checks and be receiving images of people's social security cards via eBay messages or email. Think about it.
I could probably think of another 5 or 10 risks that could be mitigated or completely avoided if I took my time but the main one - that I think you're underestimating - is dealing with shady customers, avoiding fake identities, screening, etc.. Providing a SS card doesn't quite cut it. Adding cards that don't require SSN to avoid that is an even worse idea because now you're REALLY opening up that door. Via a tradeline company you have ZERO direct contact with that buyer and that's ideally what you want.
Why does using cards that don't require SSN open up that door? The way I see it, if someone wants to create a fake identity with a fake SSN (aka CPN), they will add tradelines WITH that SSN. It is possible that they can use other tradelines, that don't require SSN, to add more credit history to their fake profile but only if the bureau reports for those tradelines are somehow linked to the fake SSN even though it wasn't provided in the first place. Even if it happens and the shady customer gets caught, as long as all the other details are real (name, DOB, address), the account holder who added them won't be responsible because they didn't enter the fake SSN in the first place.
Not to mention that things are changing all the time and while there are usually rules to go by from each company, you may not always get the latest info or be updated unless you're holding that specific card live in their inventory. A lot of that info can be found here but people don't necessarily post every time there's a slight change in operation for risk mitigation or safety reasons. New and different things are almost always popping up.
Don't get me wrong, I'm not judging you about selling directly if that's what you chose to do. You'll definitely make more money per sale if you do it right. But the risks should not be underestimated.
I would personally do it if it were hassle-free, but I have too many cards AND the point of this is to make money with as little work as humanly possible - not to be trying to run my own background checks and be receiving images of people's social security cards via eBay messages or email. Think about it.
Regarding things changing all the time, you can still keep selling some TLs with reputable companies, getting updates from them, following their best practices and also selling other TLs directly. Besides, the most important changes are usually discussed here in this thread as well.
I have never sold TLs directly. Haven't decided yet if I should, either. Just trying to get more information at this point. I agree with you that selling directly can be a lot more hassle. Probably not worth it for those who just try to make a little bit of side hustle money doing as little work as possible.
I interpreted that as saying "You could just not ask them for SSN and simply sell your tradelines of the card issuers who don't require an SSN."
If that's the case, think about the reason that tradeline companies require a SSN from buyers and do background checks in the first place. In short, you'd be adding more risk if I'm correct.
Like you, I've never sold my own tradelines directly either.
I wouldn't assume you'd need to be worried about ending up in federal prison, for example, but I'm talking about the increased potential for the tradeline not posting or your card being closed.
I wouldn't assume you'd need to be worried about ending up in federal prison, for example, but I'm talking about the increased potential for the tradeline not posting or your card being closed.
Both of those risks you mentioned are insignificant compared to unknowingly getting involved in some kind of fraudulent scheme.
In my experience, the risk of non-posting with cards that don't require SSN to add AUs is about the same, if not less, than with those that do. This is based on selling TLs with TL companies. I don't see why it would be any different with direct sales. I mean relatively speaking. The absolute risk may be somewhat higher regardless of which cards you use.
About account closure, I think it's common knowledge that if you sell TLs, you should be prepared for the accounts you use to be closed at some point, in some cases even for all accounts to be closed with the same bank. Good Company mentions that in their documents as well.
You wrote that you can think of "another 5 or 10 risks" related to selling TLs directly but never mentioned any of those risks. You also mentioned that using cards that don't require SSN for direct sales would "really open up that door". Can you provide more details and your reasoning to support these statements?
@WayDownSouth I just thought that when someone writes with a condescending tone and mentions that they know much more than I do (e.g. 5-10 risks I can't think of), they know their stuff. That's why I gave you the benefit of the doubt and asked you to elaborate. I'm willing to swallow my pride and listen when someone can teach me something useful. Clearly, you can't, and all that condescension, big claims and strawman arguments are just smoke and mirrors
Anyway, I'm still not sure I should start selling TLs directly. For now, I'll just keep working with TL companies. Everyone else, sorry for derailing this thread.
Anyone have much luck selling tradelines on their Capital One or TD/Target credit cards? I have had a Cap One listed for a while I think but no touches on it. The RedCard I'm just curious about because we have a couple but I never considered selling on it.
I also have a Venmo credit card that I recently got in the past year or so... haven't really seen or heard anything about Venmo but has anyone asked their supplier(s)?
Anyone have much luck selling tradelines on their Capital One or TD/Target credit cards? I have had a Cap One listed for a while I think but no touches on it. The RedCard I'm just curious about because we have a couple but I never considered selling on it.
I also have a Venmo credit card that I recently got in the past year or so... haven't really seen or heard anything about Venmo but has anyone asked their supplier(s)?
I have one cap one card that I use for TLs. I'm considering unenrolling it because:
-They shut down many accounts for TLs recently. I wasn't affected but Good Company stopped accepting cap one due to high risk of closure (which means it's probably a bad idea to use these cards for TLs even if other companies accept it).
-To add SSN, you need to agree to give the AU online access. Like I mentioned before, you can enter your email and phone number as AU's details, but what if the AU calls cap one and tries to change them?
-They send AU cards with AU's name on the envelope, so it's much more likely to be returned to sender and could result in an audit and account closure.
Anyone have much luck selling tradelines on their Capital One or TD/Target credit cards? I have had a Cap One listed for a while I think but no touches on it. The RedCard I'm just curious about because we have a couple but I never considered selling on it.
I also have a Venmo credit card that I recently got in the past year or so... haven't really seen or heard anything about Venmo but has anyone asked their supplier(s)?
I have one cap one card that I use for TLs. I'm considering unenrolling it because:
-They shut down many accounts for TLs recently. I wasn't affected but Good Company stopped accepting cap one due to high risk of closure (which means it's probably a bad idea to use these cards for TLs even if other companies accept it).
-To add SSN, you need to agree to give the AU online access. Like I mentioned before, you can enter your email and phone number as AU's details, but what if the AU calls cap one and tries to change them?
-They send AU cards with AU's name on the envelope, so it's much more likely to be returned to sender and could result in an audit and account closure.
Are their banks that *DON'T* do this?
I've been having a lot more sales this year. Granted, I've enrolled some additional cards.
But today I received an order that puts my YTD order number total greater than all of 2023. Dollar-wise, I'm currently ahead of where I was at the end of August 2023.
Anyone else seeing similarly?
Yes, the same.
In 2022 I had 23 sales.
In 2023 I had 27 sales.
So was averaging 2 per month. (50/24=2.08)
In 2024 so far I have 16 sales, average is more than 5 per month. (16/3=5.33)
CapOne was one of my best cards between 2018 - 2021, I sold 31 spots at $350 per AU. However at the end of 2021 Cap One suddenly without warning lowered by CL from $30,000 to $10,000!!! 2 months later I logged into my CapOne app and BAMMM! The card was closed!
So I immediately signed up for a new Cap One card (with a $30k CL) and have been aging it. I was just about to sign it up to sell AUs, and then word got around that CapOne was closing quite a few cards, possibly going through an audit. I think that was at the end of 2024.
I am about to sign it up and give it a go. Good luck!
On another topic: Bank of America!!! Has anyone seen BOA remove the AU after you successfully added it... without any warning or communication?
On 3/1 my TL company told me it was time to remove an AU, so I got on Chat with BOA and they rep said I didn't have any AUs!
I didn't think much of it at the time, thinking maybe I was in auto-pilot and removed the AU the day before.
Then in April, the TL company cancelled my two AU's for non-posting. Both AU's had been removed by BOA without warning/communication.
I've put this BOA on pause for now.
Has anyone seen this before? Wondering if it's a sign BOA will be closing my CC account.
Thanks and that is unfortuante. I havent gotten a response yet on joining either company so I'm still waiting. CapOne seems so easy and my limit is 30k too, and the card is pretty old, so I'll still give it a go if I get in to the companies.
Did you guys get a referral from the Topic Creator or apply yourselves?
Most of the time "weirdness" does end up in shutdown, but sometimes not...I'm maybe 4 out of 5 on weirdness->shutdown.
Can anyone PM the actual names of the legit companies? Bad, Good, Better, Old New Etc.
Thanks!