Author Topic: Selling Tradelines / Piggybacking: $1000+/hr, 20-40k/yr. Side Gig  (Read 124211 times)

boarder42

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #350 on: August 31, 2016, 09:35:06 AM »
yep if your card is in the system it gets to stay. unless they see a bunch of cards getting closed then they may just tell the investors its best not to use unless you want to get it closed. 
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Richie Poor

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #351 on: August 31, 2016, 10:02:50 AM »
Regarding Discover card limits....applying for a new card to transfer the credit line is a no go. I think it was said up-thread but I can confirm it.

Regarding re-opening a Citi card....Mine closed 4 months ago due to inactivity. I tried to reopen it last week and was told they cannot re-open it after 30 days.

TheAnonOne

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #352 on: August 31, 2016, 11:08:14 AM »
yep if your card is in the system it gets to stay. unless they see a bunch of cards getting closed then they may just tell the investors its best not to use unless you want to get it closed.

Are capital one's getting closed at an unusually high rate? They only allow 2 AUs already...

boarder42

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #353 on: August 31, 2016, 11:51:08 AM »
yep if your card is in the system it gets to stay. unless they see a bunch of cards getting closed then they may just tell the investors its best not to use unless you want to get it closed.

Are capital one's getting closed at an unusually high rate? They only allow 2 AUs already...

no idea. you obviously could try a different place than the one we use. they could just be overloaded with them or not wanting to mess with the hassle
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arebelspy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #354 on: August 31, 2016, 03:57:05 PM »
Regarding Discover card limits....applying for a new card to transfer the credit line is a no go. I think it was said up-thread but I can confirm it.

Regarding re-opening a Citi card....Mine closed 4 months ago due to inactivity. I tried to reopen it last week and was told they cannot re-open it after 30 days.

Both good to know. Thanks!

Are capital one's getting closed at an unusually high rate? They only allow 2 AUs already...

Historically some cards (Cap One, Chase, B of A, etc.) have had higher rates of closure, thus why they're capped.  They've also, for now, decided not to accept new ones of these, and just limit to ones in the system.  If you're worried about getting it closed, you can reduce the number of tradelines (reduce it further from their cap, I mean) or remove it, but I don't think they're currently getting closed at a higher rate than normal, those have just historically been an issue.
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erutio

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #355 on: August 31, 2016, 10:13:12 PM »
Interesting, following.

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #356 on: August 31, 2016, 10:46:49 PM »
I asked Discover to increase my credit limit over $10K.  I got $9,500.  This is on a 15 year old card, so it would be pretty attractive to the customers, I think.  How long should I wait to call back before requesting another increase?  And also, if I remove Mr. O as an AU now, would that be suspicious?
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arebelspy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #357 on: September 01, 2016, 02:41:42 AM »
I asked Discover to increase my credit limit over $10K.  I got $9,500.  This is on a 15 year old card, so it would be pretty attractive to the customers, I think.  How long should I wait to call back before requesting another increase?  And also, if I remove Mr. O as an AU now, would that be suspicious?
I'd try again, and if you can't get the last $500, use the card a bit before you try again. Removing him now is fine (probably better than later, actually, but it shouldn't matter).
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
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kudy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #358 on: September 01, 2016, 08:48:56 AM »
Did anyone receive the monthly summary email yesterday? I got one at the end of July, but I haven't received one yet for August. I'm curious to see it, because the pay stub I received yesterday is for higher than I was expecting.

dpfromva

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #359 on: September 01, 2016, 08:54:23 AM »
I'm not claiming as a business. I'm just claiming as misc income then you avoid the self employment tax. It's not hardly enough income to raise a flag imo. It's all free money why do you care about withholding. You're on this site just save it and don't spend it.
See following article on what the IRS thinks about this: http://robergtaxsolutions.com/2013/12/getting-a-1099misc-when-youre-not-self-employed/
I personally would not do this. People with bad debt will take on more bad debt with this service. (But I'm more on the socialist than libertarian end of the spectrum.) Since I would be violating my contract with the credit card company, the contract is kaput, even if they don't catch it. Are credit card contracts designed to make the issuer lots o' money? You bet. Do I sign contracts with the intent to comply with the terms? Yes to that too. However, business practices do not equal religious or philosophical codes of conduct, so to each his own to sort that out.

arebelspy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #360 on: September 01, 2016, 11:10:29 AM »
Did anyone receive the monthly summary email yesterday? I got one at the end of July, but I haven't received one yet for August. I'm curious to see it, because the pay stub I received yesterday is for higher than I was expecting.
I didn't initially either (I received the paystub first), but I did just receive it.

My bet is it was delayed a day because the person who usually does customer support is out, and the person who usually does the monthly breakdowns is covering for her right now.  But yes, mine was delayed, but I did end up getting it.

Sometimes you'll get ones from early in the next month confirmed posted, and get paid for them then (like getting paid early!) so that's likely why it's higher than expected--it'll obviously even out when the next month's paycheck doesn't have that order on it.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
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boarder42

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #361 on: September 01, 2016, 11:17:44 AM »
Did anyone receive the monthly summary email yesterday? I got one at the end of July, but I haven't received one yet for August. I'm curious to see it, because the pay stub I received yesterday is for higher than I was expecting.
I didn't initially either (I received the paystub first), but I did just receive it.

My bet is it was delayed a day because the person who usually does customer support is out, and the person who usually does the monthly breakdowns is covering for her right now.  But yes, mine was delayed, but I did end up getting it.

Sometimes you'll get ones from early in the next month confirmed posted, and get paid for them then (like getting paid early!) so that's likely why it's higher than expected--it'll obviously even out when the next month's paycheck doesn't have that order on it.

i havent seen anything ... first add was july 29.
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kudy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #362 on: September 01, 2016, 03:37:26 PM »
Did anyone receive the monthly summary email yesterday? I got one at the end of July, but I haven't received one yet for August. I'm curious to see it, because the pay stub I received yesterday is for higher than I was expecting.
I didn't initially either (I received the paystub first), but I did just receive it.

My bet is it was delayed a day because the person who usually does customer support is out, and the person who usually does the monthly breakdowns is covering for her right now.  But yes, mine was delayed, but I did end up getting it.

Sometimes you'll get ones from early in the next month confirmed posted, and get paid for them then (like getting paid early!) so that's likely why it's higher than expected--it'll obviously even out when the next month's paycheck doesn't have that order on it.

Just received mine as well - you are correct, the breakdown shows two adds from August 1st that I got paid for "early" - love it.

TomTX

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #363 on: September 01, 2016, 04:53:48 PM »
I asked Discover to increase my credit limit over $10K.  I got $9,500.  This is on a 15 year old card, so it would be pretty attractive to the customers, I think.  How long should I wait to call back before requesting another increase?  And also, if I remove Mr. O as an AU now, would that be suspicious?

When I poked at Discover a few times, one of the customer reps said they can reconsider after 30 days.
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thepokercab

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #364 on: September 01, 2016, 05:19:38 PM »
Did anyone receive the monthly summary email yesterday? I got one at the end of July, but I haven't received one yet for August. I'm curious to see it, because the pay stub I received yesterday is for higher than I was expecting.
I didn't initially either (I received the paystub first), but I did just receive it.

My bet is it was delayed a day because the person who usually does customer support is out, and the person who usually does the monthly breakdowns is covering for her right now.  But yes, mine was delayed, but I did end up getting it.

Sometimes you'll get ones from early in the next month confirmed posted, and get paid for them then (like getting paid early!) so that's likely why it's higher than expected--it'll obviously even out when the next month's paycheck doesn't have that order on it.

i havent seen anything ... first add was july 29.

I haven't seen anything either, although my first add was right on August 1.

oneday

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #365 on: September 01, 2016, 06:28:54 PM »
I asked Discover to increase my credit limit over $10K.  I got $9,500.  This is on a 15 year old card, so it would be pretty attractive to the customers, I think.  How long should I wait to call back before requesting another increase?  And also, if I remove Mr. O as an AU now, would that be suspicious?

When I poked at Discover a few times, one of the customer reps said they can reconsider after 30 days.

Thanks!  Now to figure out when I last called them...
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TomTX

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #366 on: September 01, 2016, 06:43:19 PM »
I asked Discover to increase my credit limit over $10K.  I got $9,500.  This is on a 15 year old card, so it would be pretty attractive to the customers, I think.  How long should I wait to call back before requesting another increase?  And also, if I remove Mr. O as an AU now, would that be suspicious?

When I poked at Discover a few times, one of the customer reps said they can reconsider after 30 days.

Thanks!  Now to figure out when I last called them...

Check the log in your cell phone.
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Regular Guy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #367 on: September 02, 2016, 04:28:05 AM »
I only have one credit card with USAA and it does have a high credit limit and I've had it for years.  However, I don't think I am willing to do this for ethical reasons and I don't want to risk my one card, but good luck to those who are making some extra cash.

oneday

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #368 on: September 03, 2016, 09:56:14 AM »
I asked Discover to increase my credit limit over $10K.  I got $9,500.  This is on a 15 year old card, so it would be pretty attractive to the customers, I think.  How long should I wait to call back before requesting another increase?  And also, if I remove Mr. O as an AU now, would that be suspicious?

When I poked at Discover a few times, one of the customer reps said they can reconsider after 30 days.

Thanks!  Now to figure out when I last called them...

Check the log in your cell phone.

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Kjmiller1984

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #369 on: September 06, 2016, 09:16:53 AM »
Quick question...

I am horrible at taxes. If i sign my W9 as an s corp, then i can claim all the money as profits correct? So less taxes correct?

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #370 on: September 06, 2016, 10:53:45 AM »
Quick question...

I am horrible at taxes. If i sign my W9 as an s corp, then i can claim all the money as profits correct? So less taxes correct?

Incorrect.  A quick google-fu indicates that you have to pay yourself (and any co-owners of the S-corp) a reasonable salary first before any profits can be taken self-employment tax free.  The "reasonable salary" would be subject to self-employment taxes.  And yes, the IRS does look for people who try to claim that $1/year is a "reasonable salary" as a way to avoid self-employment taxes.

http://www.obliviousinvestor.com/s-corporation-tax-introduction/

Nice try, though :-)
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dignam

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #371 on: September 06, 2016, 11:04:54 AM »
Decided to give this a shot.  I have 3 cards all over $10k limits, one is 6 years old that I never use anymore.  We'll see how it goes.

spud1987

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #372 on: September 06, 2016, 11:51:50 AM »


Concerns:
Is this illegal?
Not at all. Totally legal.  Also very likely against your credit card terms of service though, so you are at risk of them closing your credit card account.


I don't think it is accurate to call this scheme "totally legal." Granted, I'm just a tax lawyer and I don't specialize in federal wire/RICO claims, but I would be concerned about the legality of selling tradelines. Buying tradelines is likely a violation of the Fair Credit Reporting Act. The seller could easily be charged as an accomplice under the act or under the RICO statute. The use of wire transfers and direct deposit makes these actions subject to federal criminal jurisdiction. The financial crime statutes are all very broad and could be used by the DOJ to bring an action. Even if the law is a grey area, I would not want the hassle of the federal criminal or civil action.

Put another way, if you offered me $100k to take on this risk, I would pass.

Disclaimer: none of the above should be construed to be legal advice.

boarder42

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #373 on: September 06, 2016, 12:24:18 PM »


Concerns:
Is this illegal?
Not at all. Totally legal.  Also very likely against your credit card terms of service though, so you are at risk of them closing your credit card account.


I don't think it is accurate to call this scheme "totally legal." Granted, I'm just a tax lawyer and I don't specialize in federal wire/RICO claims, but I would be concerned about the legality of selling tradelines. Buying tradelines is likely a violation of the Fair Credit Reporting Act. The seller could easily be charged as an accomplice under the act or under the RICO statute. The use of wire transfers and direct deposit makes these actions subject to federal criminal jurisdiction. The financial crime statutes are all very broad and could be used by the DOJ to bring an action. Even if the law is a grey area, I would not want the hassle of the federal criminal or civil action.

Put another way, if you offered me $100k to take on this risk, I would pass.

Disclaimer: none of the above should be construed to be legal advice.

just like in the world of online poker and sports betting they arent going to come after the users playing the games they are going to come after the companies putting the game on and allowing for the marketplace to exist.  if it were a violation of any of that.
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spud1987

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #374 on: September 06, 2016, 01:02:43 PM »


Concerns:
Is this illegal?
Not at all. Totally legal.  Also very likely against your credit card terms of service though, so you are at risk of them closing your credit card account.


I don't think it is accurate to call this scheme "totally legal." Granted, I'm just a tax lawyer and I don't specialize in federal wire/RICO claims, but I would be concerned about the legality of selling tradelines. Buying tradelines is likely a violation of the Fair Credit Reporting Act. The seller could easily be charged as an accomplice under the act or under the RICO statute. The use of wire transfers and direct deposit makes these actions subject to federal criminal jurisdiction. The financial crime statutes are all very broad and could be used by the DOJ to bring an action. Even if the law is a grey area, I would not want the hassle of the federal criminal or civil action.

Put another way, if you offered me $100k to take on this risk, I would pass.

Disclaimer: none of the above should be construed to be legal advice.

just like in the world of online poker and sports betting they arent going to come after the users playing the games they are going to come after the companies putting the game on and allowing for the marketplace to exist.  if it were a violation of any of that.

I wouldn't be so sure. I'm sure you've heard the line that "no banks or bankers were criminally prosecuted as a result of the financial crisis." That is true. However, a number of individuals were prosecuted and spent time in federal prison (see http://www.outsideonline.com/1915671/ultrarunners-long-road-back). The DOJ often looks for low-hanging fruit, which often are individuals and not corporations.

Edit: my point in posting is not to say that this scheme will result in you spending prison time. Instead, I wanted to point out that the legality of the scheme is not so clear cut. The financial reward is not worth it to me personally.
« Last Edit: September 06, 2016, 01:04:21 PM by spud1987 »

katsiki

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #375 on: September 06, 2016, 06:10:51 PM »
Timely post from Doctor of Credit on which companies will re-open a closed CC:

http://www.doctorofcredit.com/card-issuers-will-reopen-closed-credit-card/

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albijaji

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #376 on: September 06, 2016, 11:34:32 PM »
I've got a discover card from 1997 with an upper limit of $7,000

I called and asked them to raise it and they bumped it all the way to $7,500

I haven't used this card in a while and have a credit score over 815

1) is it of any use for this at only $7,500?

2) if I haven't used it in a couple of years, does it help to start using it again?  It shows up on my credit report

3) can I raise the limit over time and if so, how long would y'all think that will take me?

I'm in the same boat with Discover, though I started much lower and ended up slightly lower. I suggest starting to use the card more. Current rotating category is Amazon & Home Improvement.

If the card isn't getting used, Discover doesn't have much reason to raise your limit.

i just went online with a discover card that is 6 years old
old credit limit was 7300
and they gave me an instant 4200
i have not used that card for almost a year (after we had the card number stolen twice within a two month period)
my credit score hovers around 800
i did not think they would give me that much of a 'raise'
oh, ok 5 min before asking for the new credit line i did a 5 dollar reload on an amazon card
since i wanted to test if it was activated...

i am still considering this
i am so slow to pull the trigger  i know i should jump on this..
but i only have that one discover card
the citi card i have ,  i dont even remember the number its so old and as others have mentioned
its probably canceled since its over 10 years old..

oneday

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #377 on: September 07, 2016, 08:30:37 AM »
I've got a discover card from 1997 with an upper limit of $7,000

I called and asked them to raise it and they bumped it all the way to $7,500

I haven't used this card in a while and have a credit score over 815

1) is it of any use for this at only $7,500?

2) if I haven't used it in a couple of years, does it help to start using it again?  It shows up on my credit report

3) can I raise the limit over time and if so, how long would y'all think that will take me?

I'm in the same boat with Discover, though I started much lower and ended up slightly lower. I suggest starting to use the card more. Current rotating category is Amazon & Home Improvement.

If the card isn't getting used, Discover doesn't have much reason to raise your limit.

i just went online with a discover card that is 6 years old
old credit limit was 7300
and they gave me an instant 4200
i have not used that card for almost a year (after we had the card number stolen twice within a two month period)
my credit score hovers around 800
i did not think they would give me that much of a 'raise'
oh, ok 5 min before asking for the new credit line i did a 5 dollar reload on an amazon card
since i wanted to test if it was activated...

i am still considering this
i am so slow to pull the trigger  i know i should jump on this..
but i only have that one discover card
the citi card i have ,  i dont even remember the number its so old and as others have mentioned
its probably canceled since its over 10 years old..

Another data point:

I also have a Discover card I want to enroll in this program.  The credit limit was somewhere around $6500, and I called a month ago to get a raise.  The first bumped me up to around $8000, then I pushed on the CSR a bit & they transferred me to a special department which bumped me up to $9500.  Based on advice here, I used the card a bit (I typically use it only for whatever the 5% reward category is).  Called back last weekend since it was noted here that they can only raise the limit every 30 days*.  They gave me another paltry $500, but that's enough to get me to $10K, so that's my experience.

*Well I was able to escalate and get 2 raises in the same day, but possibly they mean the first-line CSR's can only do it every 30 days?
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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #378 on: September 07, 2016, 04:55:05 PM »
For Discover, I have good luck with the increase option on the web site as well.
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VladTheImpaler

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #379 on: September 07, 2016, 07:22:33 PM »
Data point for Citi:

Went online and requested credit limit increase on Citi Thank You Preferred credit card. (2 yrs old)
Available credit was automatically increased from $6500 to $7900.
I immediately submitted a 2nd online request for 20k, to be reviewed.
A couple days later I received an email and snail mail letter notifying of increase to $15,000 available credit.

Hope that's useful to other Citi cardholders.
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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #380 on: September 08, 2016, 05:26:23 AM »
i opened a new discover card for use in 2 years hopefully this is still going.  you have to wait 60 days to request a credit increase ... just an FYI
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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #381 on: September 09, 2016, 01:06:30 PM »
I am interested in signing up for a few of these tradeline companies. 

Does anybody know if there is any documents they make you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info. 
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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #382 on: September 09, 2016, 03:19:07 PM »
I am interested in signing up for a few of these tradeline companies. 

Does anybody know if there is any documents they make you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.

Why would you sign up with multiple companies? Find a good company and use them.

Using multiple companies is how people get burned and get their cards canceled by exceeding AU guidelines and triggering attention.
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enalynom

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #383 on: September 10, 2016, 06:15:45 PM »
I am interested in signing up for a few of these tradeline companies. 

Does anybody know if there is any documents they make you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.

Why would you sign up with multiple companies? Find a good company and use them.

Using multiple companies is how people get burned and get their cards canceled by exceeding AU guidelines and triggering attention.

The company that we're talking about in this thread only accepts cards from a few banks.  If you have cards from other banks that you'd like to use, it may make sense to find another company for them.  I don't think you'd want to use the same cards with multiple tradeline companies. 

DavidAnnArbor

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #384 on: September 10, 2016, 08:01:41 PM »
I am interested in signing up for a few of these tradeline companies. 

Does anybody know if there is any documents they make you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.

Why would you sign up with multiple companies? Find a good company and use them.

Using multiple companies is how people get burned and get their cards canceled by exceeding AU guidelines and triggering attention.

The company that we're talking about in this thread only accepts cards from a few banks.  If you have cards from other banks that you'd like to use, it may make sense to find another company for them.  I don't think you'd want to use the same cards with multiple tradeline companies.

Please share your experiences with any other companies as a comparison.

arebelspy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #385 on: September 11, 2016, 09:36:18 AM »
Timely post from Doctor of Credit on which companies will re-open a closed CC:

http://www.doctorofcredit.com/card-issuers-will-reopen-closed-credit-card/

Awesome, thanks!

i only have that one discover card
the citi card i have ,  i dont even remember the number its so old and as others have mentioned
its probably canceled since its over 10 years old..

Go to CreditKarma.com and check your credit report and see if the Citi card is reporting on there.  If it is, call them up and ask them to mail you a new card.  :)

Another data point:

I also have a Discover card I want to enroll in this program.  The credit limit was somewhere around $6500, and I called a month ago to get a raise.  The first bumped me up to around $8000, then I pushed on the CSR a bit & they transferred me to a special department which bumped me up to $9500.  Based on advice here, I used the card a bit (I typically use it only for whatever the 5% reward category is).  Called back last weekend since it was noted here that they can only raise the limit every 30 days*.  They gave me another paltry $500, but that's enough to get me to $10K, so that's my experience.

*Well I was able to escalate and get 2 raises in the same day, but possibly they mean the first-line CSR's can only do it every 30 days?

Sweet.  30 days is pretty frequent, and multiple in one day (on the phone) is great!  Thanks for the info.

For Discover, I have good luck with the increase option on the web site as well.

Good to know.  I had good luck with it once, then kept hitting it, and getting rejected.  ;)  Probably need to call in, or wait a little more patiently.

Data point for Citi:

Went online and requested credit limit increase on Citi Thank You Preferred credit card. (2 yrs old)
Available credit was automatically increased from $6500 to $7900.
I immediately submitted a 2nd online request for 20k, to be reviewed.
A couple days later I received an email and snail mail letter notifying of increase to $15,000 available credit.

On the first request did you put in an amount? 

The company that we're talking about in this thread only accepts cards from a few banks.  If you have cards from other banks that you'd like to use, it may make sense to find another company for them.  I don't think you'd want to use the same cards with multiple tradeline companies.

Yeah, definitely don't want to sign up a card with more than one company, but if you have other cards you want to sell they don't take, I can see why you'd use those.  Unfortunately, I have only found the one I'm comfortable, and I've checked out quite a few!  But if anyone finds one they think might be good, definitely PM me and we can discuss, I'd be happy to check any out, too.  :)
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VladTheImpaler

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #386 on: September 11, 2016, 12:12:35 PM »

Data point for Citi:

Went online and requested credit limit increase on Citi Thank You Preferred credit card. (2 yrs old)
Available credit was automatically increased from $6500 to $7900.
I immediately submitted a 2nd online request for 20k, to be reviewed.
A couple days later I received an email and snail mail letter notifying of increase to $15,000 available credit.

On the first request did you put in an amount? 

Nope, just requested a credit limit increase from the website and that's what they gave me.
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gimp

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #387 on: September 11, 2016, 04:44:43 PM »
Very interesting thread.

It seems to me a pretty good loophole. Credit-issuing companies and middlemen work together to assess someone's credit worthiness to make money off them. I kind of don't give a shit if someone manages to trick that system into assessing them as a lower credit risk. They make plenty of money, and when they're wrong, they eat the cost, I don't give a fuck. Though as always, if everyone does it, it starts to get problematic for everyone.

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #388 on: September 12, 2016, 01:39:17 PM »
i only have that one discover card
the citi card i have ,  i dont even remember the number its so old and as others have mentioned its probably canceled since its over 10 years old..
Go to CreditKarma.com and check your credit report and see if the Citi card is reporting on there.  If it is, call them up and ask them to mail you a new card.  :)
CreditKarma shows I have two CITI cards.  But my records show I had 2 CITI cards, 2 of which were closed.  How do I find out what card CreditKarma is showing?

arebelspy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #389 on: September 12, 2016, 01:47:22 PM »
i only have that one discover card
the citi card i have ,  i dont even remember the number its so old and as others have mentioned its probably canceled since its over 10 years old..
Go to CreditKarma.com and check your credit report and see if the Citi card is reporting on there.  If it is, call them up and ask them to mail you a new card.  :)
CreditKarma shows I have two CITI cards.  But my records show I had 2 CITI cards, 2 of which were closed.  How do I find out what card CreditKarma is showing?

CreditKarma should have a line about account status. Does it say "open" or "active" or something like that?  Or does it say "closed"?  Because closed accounts can stay on your credit report for up to 10 years (one reason why getting a card shut down, if it happens, isn't a huge deal).

If it is still showing as open or active, just note the credit limit and opening date, then call Citi, tell them you lost your card, have them look it up based on your social security number, confirm it's the right card (w/ the credit limit and opening date) and have them reissue you a new one.
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enalynom

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #390 on: September 12, 2016, 07:31:31 PM »
I am interested in signing up for a few of these tradeline companies. 

Does anybody know if there is any documents they make you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.

Why would you sign up with multiple companies? Find a good company and use them.

Using multiple companies is how people get burned and get their cards canceled by exceeding AU guidelines and triggering attention.

The company that we're talking about in this thread only accepts cards from a few banks.  If you have cards from other banks that you'd like to use, it may make sense to find another company for them.  I don't think you'd want to use the same cards with multiple tradeline companies.

Please share your experiences with any other companies as a comparison.

I don't have any experience with other companies.  If I decide I want to stick with this side hustle, I will look into them in the future.  Right now I'm missing out on a lot of potential sales because I have several cards that are ineligible.  I'm fine with starting slowly, I can ramp it up later if I find another company I'm comfortable with. 

HipGnosis

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #391 on: September 15, 2016, 09:42:23 AM »
Just got this:

Thanks for your interest in joining our program. Unfortunately, at this time we are no longer accepting new cards into the program to preserve our current inventory of cards. We will open up our program to new investors starting in January 2017...
should you have any cards that qualify that you'd like to add to the program, please email me starting January 2017 and I'd be happy to get you set up in the program.

I will have more eligible cards by then though...

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #392 on: September 15, 2016, 09:52:38 AM »
I am interested in signing up for a few of these tradeline companies. 

Does anybody know if there is any documents they make you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.

Why would you sign up with multiple companies? Find a good company and use them.

Using multiple companies is how people get burned and get their cards canceled by exceeding AU guidelines and triggering attention.

Le sigh...

I'll ask again.

Does anybody know if there is any documents they any of these tradeline companies (or the particular one that most are referencing in this thread) can have you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.
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Shor

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #393 on: September 15, 2016, 10:07:48 AM »
I am interested in signing up for a few of these tradeline companies. 

Does anybody know if there is any documents they make you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.

Why would you sign up with multiple companies? Find a good company and use them.

Using multiple companies is how people get burned and get their cards canceled by exceeding AU guidelines and triggering attention.

Le sigh...

I'll ask again.

Does anybody know if there is any documents they any of these tradeline companies (or the particular one that most are referencing in this thread) can have you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.
Nope, there is no way, as far as we know and based on current incentive, that any tradeline company would want to take on full liability for fraud in your place.
Right now it is in an undetermined grey area of rules that everyone is dancing around. If you participate, you could be held liable when the ball drops, and the fraud charges could be far more severe than the 'mere boost' that you think is being gained through the credit boosting service.

The way I see it, ARS is the ringleader, so I'll rat him out right away.
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TheAnonOne

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #394 on: September 15, 2016, 10:43:48 AM »
I sent an email asking if my capital one @ 4y and 26k CL was still listed as it has had no sales since being listed in Mid July. It seems like it would be at least reasonably popular given that it's above the 2 year 10k requirements by quite a bit.

Apostrophe

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #395 on: September 15, 2016, 10:53:02 AM »
I am interested in signing up for a few of these tradeline companies. 

Does anybody know if there is any documents they make you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.

Why would you sign up with multiple companies? Find a good company and use them.

Using multiple companies is how people get burned and get their cards canceled by exceeding AU guidelines and triggering attention.

Le sigh...

I'll ask again.

Does anybody know if there is any documents they any of these tradeline companies (or the particular one that most are referencing in this thread) can have you sign that put the liability for any potential fraudulent charges that can be connected to the selling of the tradeline back on the tradeline company?  That would make me feel a lot better, even though a lot of you guys say it's safe and there's no way they could get my info.

What would possibly be fraudulent about any charges? They are an authorized user on your card. Authorized. By you.

Nothing fraudulent about it.

arebelspy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #396 on: September 15, 2016, 03:36:45 PM »
Thanks for your interest in joining our program. Unfortunately, at this time we are no longer accepting new cards into the program to preserve our current inventory of cards. We will open up our program to new investors starting in January 2017...
should you have any cards that qualify that you'd like to add to the program, please email me starting January 2017 and I'd be happy to get you set up in the program.

This is, unfortunately, the case.  Apparently too many MMM readers were interested, and it may have tipped the balance into more supply than demand, so for now, they're not accepting new investors.  =/

Hope everyone got in the cards they wanted--sorry for those of you who didn't see this post over the last 2 months, or didn't email.  I'm assuming most long time MMM readers/forum members had a chance to do so, at least.  :)

I'm editing the OP to include this info.

As I said in there: "There are other companies, but none that I can recommend that I feel comfortable with.  If you find a tradeline company you think is good, please PM me and I'd be happy to help look into it; it would be great if we could find alternative ones (I just haven't been able to; there are lots out there, but, like I said, none I'd be comfortable using, thus none I can recommend)."
« Last Edit: September 15, 2016, 03:43:16 PM by arebelspy »
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arebelspy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #397 on: September 15, 2016, 03:37:42 PM »
I sent an email asking if my capital one @ 4y and 26k CL was still listed as it has had no sales since being listed in Mid July. It seems like it would be at least reasonably popular given that it's above the 2 year 10k requirements by quite a bit.

I think we briefly discussed this up thread, but I'm almost thinking/wondering if cards between 10k-20k have a higher number of sales (though obviously lower commission per sale) since they cost the AUs quite a bit less.  Plus I think cards in the top of their "bracket" (e.g 18-19k versus 12k, or 28-29k versus 21-22k) would get more sales--costs the AUs the same, but have more credit overall.

It's not to the point where I'm dropping my cards that are at a 21k limit down to 19k, or not pushing for the biggest increase possible, but something I'm monitoring.  :)

Thanks for your data point!

Is there anyone who has had any sales, and will provide rough card details (provider, age, limit)?

What would possibly be fraudulent about any charges? They are an authorized user on your card. Authorized. By you.

Nothing fraudulent about it.

+1.  There is no feasible way for them to get a card, and there has never been a charge by one of these AUs in the history of the company, but they ARE an authorized user.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
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CanuckExpat

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #398 on: September 15, 2016, 03:44:11 PM »
Is there anyone who has had any sales, and will provide rough card details (provider, age, limit)?

I had one sale relatively quickly on the first card I enrolled: Chase, three years, $22,000
I had signed it up a bit ago, before this thread really blew up.

No sales on my second enrolled card (Discover, four years, $10,000)

I don't think I got paid for my first card yet, was going to wait through the month to bother about inquiring.
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arebelspy

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Re: Selling Tradelines / Piggybacking: $600+/hr, 20-40k/yr. Side Gig
« Reply #399 on: September 15, 2016, 03:46:28 PM »
I don't think I got paid for my first card yet, was going to wait through the month to bother about inquiring.

If the sale was in August, you'll get paid in about two weeks (the payroll processes end of the following month--this is because they have to wait a month to verify with the AU that it posted to their credit report).  If the sale was in July, you should have gotten paid about two weeks ago.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."