Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 1148938 times)

hgjjgkj

  • Stubble
  • **
  • Posts: 173
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2900 on: August 30, 2018, 12:41:31 PM »
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?

Percolate

  • 5 O'Clock Shadow
  • *
  • Posts: 14
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2901 on: August 30, 2018, 12:56:30 PM »
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?

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2902 on: August 30, 2018, 12:56:56 PM »
I didn't want to keep blowing up Joe's inbox.

It's fine. PMs are easy to respond to.

Quote
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?

Yep, Chase will blacklist you. They are the only company, currently that we know of, that does that. The other companies just close the one card but don't close the other ones or prevent you from opening more.

Quote
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?

If you don't care about burning your Chase cards/relationship, sure. Spend or transfer the points, then add AUs. I'd try to still keep it only to like 2 AUs per 4 months, to stretch it as long as possible, but do whatever the TL companies will let you and you're comfortable with. :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2903 on: August 30, 2018, 12:57:36 PM »
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.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

Percolate

  • 5 O'Clock Shadow
  • *
  • Posts: 14
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2904 on: August 30, 2018, 01:12:02 PM »
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.

Thanks, I'll check it out! To clarify, by hard cap, you mean there's a limit to the total number of authorized users that can be added over the lifetime of the card?

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2905 on: August 30, 2018, 01:29:49 PM »
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.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

hgjjgkj

  • Stubble
  • **
  • Posts: 173
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2906 on: August 30, 2018, 02:08:08 PM »
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?

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1495
  • Age: 39
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2907 on: August 30, 2018, 02:34:58 PM »
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.

The rep quoted 25 as the limit but I know I exceeded that.

It was my best seller...  So sad.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2908 on: August 30, 2018, 02:51:17 PM »
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?

Lifetime. You won't have more than 3-5 at a time, and probably more like 2.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

hay_otsuka

  • 5 O'Clock Shadow
  • *
  • Posts: 20
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2909 on: August 30, 2018, 08:06:43 PM »
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.

The rep quoted 25 as the limit but I know I exceeded that.

It was my best seller...  So sad.
If you can get them to upgrade or downgrade you eg arrival to plus it sometimes resets ime

Sent from my Redmi 5 Plus using Tapatalk


HBFIRE

  • Handlebar Stache
  • *****
  • Posts: 1123
  • Age: 41
  • Location: Huntington Beach, CA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2910 on: August 30, 2018, 10:17:44 PM »
so lesson is, open as many barclays cards as you can :)

ducky19

  • Pencil Stache
  • ****
  • Posts: 592
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2911 on: August 31, 2018, 07:05:54 AM »
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!

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1495
  • Age: 39
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2912 on: August 31, 2018, 07:11:53 AM »
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.

The rep quoted 25 as the limit but I know I exceeded that.

It was my best seller...  So sad.
If you can get them to upgrade or downgrade you eg arrival to plus it sometimes resets ime

Sent from my Redmi 5 Plus using Tapatalk

Thanks.  I tried to do that or product change.  Unfortunately, this card had no options to change to.

secondcor521

  • Magnum Stache
  • ******
  • Posts: 2825
  • Age: 51
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2913 on: August 31, 2018, 08:46:10 AM »
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!

I must be the odd man out data-point wise, but Barclay's has had me locked out of my account with them after adding an AU with New Company.  I had only added seven AUs to that Barclay's card.

The AU's are ready to come off and I've tried to call them but they don't answer the phone when I call.

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1495
  • Age: 39
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2914 on: August 31, 2018, 08:49:40 AM »
@secondcor521  Are you calling the # on the back of your card?  They are 24/7 and should answer.

secondcor521

  • Magnum Stache
  • ******
  • Posts: 2825
  • Age: 51
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2915 on: August 31, 2018, 08:52:22 AM »
@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.

therethere

  • Pencil Stache
  • ****
  • Posts: 795
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2916 on: August 31, 2018, 09:09:46 AM »
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?

HBFIRE

  • Handlebar Stache
  • *****
  • Posts: 1123
  • Age: 41
  • Location: Huntington Beach, CA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2917 on: August 31, 2018, 11:07:17 AM »
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?

Yeah, I did this.  I only have 1 barclays card i can use for tradelines unfortunately.  So this year I picked up a couple more, will probably open a couple more by end of year, and next year is my wife's year to churn, so after getting some chase cards will have her get some barclays too.

lexde

  • Handlebar Stache
  • *****
  • Posts: 2262
  • Age: 30
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2918 on: August 31, 2018, 11:48:49 AM »
@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.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2919 on: August 31, 2018, 01:27:09 PM »
@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.

Really weird. First that Barclay's restricted, and second that you can't get ahold of them. I'll be curious what happens if/when you eventually do.


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?

Yes, people are.

I first posted about TLs here just over two years ago, and some cards opened then are now two years old. Others are still opening now for potential future use. The "new" TL company has been in business 10 or 11 years now, and the "old" one for 6 or 7... so it doesn't seem like this is going to disappear overnight.

Also, the TL companies will take younger cards if they have a very large credit limit. So there are people with cards only a year old enrolled and getting sales.

@arebelspy ó finally got my referral from you (last cycle didnít 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.

Awesome! Every little bit to throw at the student loans helps. :D
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

frugalnacho

  • Magnum Stache
  • ******
  • Posts: 3957
  • Age: 37
  • Location: Madison Heights, Michigan
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2920 on: August 31, 2018, 07:06:30 PM »
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?

Looks like it ended up posting.  Looks like payment already landed in my bank account too, which is surprisingly fast.  Unless that was an old payment coming through, I haven't been keeping a very close eye on my accounts or reconciling anything so it might be from a previous one.

I_want_to_make_a_million

  • 5 O'Clock Shadow
  • *
  • Posts: 4
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2921 on: September 01, 2018, 09:11:37 AM »
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.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2922 on: September 01, 2018, 09:52:49 AM »
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?
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

I_want_to_make_a_million

  • 5 O'Clock Shadow
  • *
  • Posts: 4
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2923 on: September 01, 2018, 12:24:06 PM »
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.

drcodes

  • 5 O'Clock Shadow
  • *
  • Posts: 3
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2924 on: September 02, 2018, 04:25:45 PM »
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.

secondcor521

  • Magnum Stache
  • ******
  • Posts: 2825
  • Age: 51
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2925 on: September 02, 2018, 04:36:28 PM »
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.

Neither of the companies recommended by @arebelspy accept AMEX.  Probably the main reason for this is that when AMEX reports on an AU's credit report, AMEX does not report the original account opening date.  This means that the line shows up as a new large line rather than an old large line, so the helpful effect to the AU's credit score is limited.

About the only thing I can imagine that they would be useful for in terms of tradeline sales would be as leverage to request high limits from issuers that do work (such as Chase, Citi, Barclays, etc.).

I have several AMEX, but my strategy with those is to continually churn account opening bonuses on them.  AMEX makes this a bit difficult with the one-bonus-per-lifetime rule, but I can usually snag a few per year.

ducky19

  • Pencil Stache
  • ****
  • Posts: 592
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2926 on: September 04, 2018, 09:18:26 AM »
I use AmEx cards to help out friends/family since they're not paying me to do it. I've found that the higher limit cards ($20k plus) still have a significant impact even though they show up as a new account. I see it as a win/win, I can help them out without tying up a tradeline I could be making money from.

djadziadax

  • 5 O'Clock Shadow
  • *
  • Posts: 80
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2927 on: September 05, 2018, 01:43:48 PM »
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?"

secondcor521

  • Magnum Stache
  • ******
  • Posts: 2825
  • Age: 51
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2928 on: September 05, 2018, 02:50:21 PM »
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?"

I have a CSR, but haven't tried AU's because of the $75 fee.  I doubt it would make it less vulnerable to audit or notice.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2929 on: September 05, 2018, 04:25:10 PM »
Doesn't seem worth it at all to pay to add AUs. They do that because they assume you'll be accumulating a lot more points on their premium card.

I wouldn't assume their detection algorithms for AUs and what sets off red flags for them would be any different though than on any of their other CCs.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

frozen

  • 5 O'Clock Shadow
  • *
  • Posts: 96
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2930 on: September 07, 2018, 04:50:34 PM »
Has anyone noticed long than average hold times for US Bank lately?

Every time I tried to call this week the automated message said they were experiencing longer than average hold times. I have been on hold this afternoon for over an hour now.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2931 on: September 07, 2018, 06:11:35 PM »
I'd add as much info as you have and they let you fill in.

In other words, if there's a space for it, and you have that info, put it in. Otherwise, don't worry about it.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

secondcor521

  • Magnum Stache
  • ******
  • Posts: 2825
  • Age: 51
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2932 on: September 07, 2018, 10:26:43 PM »
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!

How are you seeing the AU's credit reports?

FWIW, I did add an AU a while ago and because the agent misheard me on the phone, the last name was misspelled by one letter (there was a B substituted for a V).  It posted just fine and I got paid just fine.

I would agree with ARS and use the information the way the Company provides it to you on their website.  If you're doing private sales, good luck I guess, but those really aren't the subject of this thread IMHO.

ilsy

  • Stubble
  • **
  • Posts: 182
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2933 on: September 10, 2018, 11:52:59 AM »
Hi, arebelspy and mustachians.
I'm on the page 19th of this thread and has been reading for 2 weeks now. So, I thought I will ask, it might take me 2 or 3 more weeks to catch up and see if anybody has asked the question.
It seems like the supply is too high to meet the demand (or the demand is too low), which seems it's only low because AUs don't know about the existence of such a thing as buying piggybacking spot. I'm sure there are way more people who would like to buy a slot than those who would like to sell. So, my question is, can we, mustachians, supply the demand? Can we post something on CL, have a bumpersticker or a flyer on our cars, at work places (for free)? Is it a conflict of interests, even if we don't give our direct contact, but the contact for the company. It could be without the contact, just the name of the company (I know we are not allowed to post it here, but maybe it's ok do post it in real world). Or we don't want to alert CL companies? I just think that if each of us added at least 5 AU a year, or at least tried, we are going to increase the pool of demand, and sales for everyone. What is the consensus on this subject?

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2934 on: September 10, 2018, 01:42:07 PM »
Yeah, you could do some free marketing for them. I think most of us just approach this very passively--get sales whenever they come in.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

Car Jack

  • Handlebar Stache
  • *****
  • Posts: 1597
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2935 on: September 11, 2018, 07:34:44 AM »
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?

Pizzabrewer

  • Pencil Stache
  • ****
  • Posts: 626
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2936 on: September 11, 2018, 01:03:08 PM »
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?

Post it on B of A's facebook page.  I'm sure they won't mind.

writerboy233

  • 5 O'Clock Shadow
  • *
  • Posts: 1
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2937 on: September 12, 2018, 04:54:13 AM »
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?

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2938 on: September 12, 2018, 05:02:07 AM »
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?

You get notified when it's time to add them.  You can tell there are pending sales ahead of time based on slots open, but generally around 5 days before your closing date (plus or minus a few days) you'll get notified and get the info.

We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

missundecided

  • Bristles
  • ***
  • Posts: 274
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2939 on: September 12, 2018, 08:22:36 AM »
Has anyone heard if CapOne is still on the aggressive auditing warpath, or is it safe to open that card up for lines again?

charuhans

  • 5 O'Clock Shadow
  • *
  • Posts: 38
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2940 on: September 12, 2018, 11:35:44 AM »
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?

That's the way the cookie crumbles ...

Car Jack

  • Handlebar Stache
  • *****
  • Posts: 1597
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2941 on: September 12, 2018, 12:03:52 PM »
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 currently have a tradeline sold with the old company on Cap One.

As I always say, though.....I'm willing to have any card with a tradeline on it get burned by the provider. 

Milkshake

  • Bristles
  • ***
  • Posts: 259
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2942 on: September 12, 2018, 02:37:04 PM »
I have a question about the address situation.

Do you add the AU using your address or the AU's address?

If you use yours, does it end up on the AU's credit report, for the AU to see?

If you use their address, how does the AU card not go to their 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...

erutio

  • Pencil Stache
  • ****
  • Posts: 538
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2943 on: September 12, 2018, 02:43:58 PM »
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...

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2944 on: September 12, 2018, 02:59:45 PM »
Agree with all of the above.

Put the AU's address. They'll only ship it to your address, that's just to help it report. You can confirm with the representative on the phone, but that's standard policy for all of them.

I don't even think there's a small risk of it being sent to them, from what I understand with all the CC companies I've worked with--there's literally no way in the system to get the card sent to that other (AU) address, it's automatically sent to your address on file with the computer, with no way for the representative to sent it to the AU (so no way for them to misclick or accidentally send it to the AU, it's just not even an option for them).
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

Milkshake

  • Bristles
  • ***
  • Posts: 259
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2945 on: September 12, 2018, 04:47:43 PM »
Cool, thanks.

I'll give this a shot with a 2 year old Cap1 card, and see how it goes.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28286
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2946 on: September 13, 2018, 05:14:41 PM »
The "new company" is dropping their rates on quite a few categories, and raising it on a couple (the highest/oldest limits, which are in the most demand).



The drop is only $25, so not drastic at all, especially for the ones that are going like $200->$175 (a fairly typical card, one that is 20k+ and > 2 yrs old), but obviously on the lowest one (that is going from $50 to $25) it's a big cut percentage-wise. However, so few companies will even take cards in that range (only a year old, only $5k in credit limit), so to sell authorized user lines at all there is pretty good. If your cards are in that range though, it may be worth just letting them age a bit and working on getting the credit limit increased. Or enrolling them, and then working on that in the meantime (and emailing for the corresponding pay increase as you increase the age/limits).

The reason for the drop is to reduce prices for authorized users in order to stay competitive with other tradeline companies. Thus they have to decrease the payouts to cardholders. Hopefully this reduced pricing for the AUs will see an increase in sales to offset the slightly lower payout.

Always sucks to get a pay cut, but it makes sense--they were already paying the most of pretty much any tradeline company, and are one of a very few who actually do what they can to protect cardholders via proper AU verification and data security/preservation. This price decrease puts them in line, or still higher, than pretty much anyone else, just not quite as high as before.

The change will automatically go into effect for all adds starting October 1. If you want to unenroll your cards, email them (PM me if you need the info). They're going to be sending out an email with this information shortly (in the next day or two), so look for that, just a heads up here. :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

Car Jack

  • Handlebar Stache
  • *****
  • Posts: 1597
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2947 on: September 14, 2018, 11:55:09 AM »
Getting a sale at a reduced rate is better than getting nothing at double the rate.

Play on!

SilverAg47

  • 5 O'Clock Shadow
  • *
  • Posts: 40
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2948 on: September 14, 2018, 03:14:36 PM »
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?

tj

  • Handlebar Stache
  • *****
  • Posts: 1257
  • Age: 35
  • Location: Maui
    • Arcadia Power
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2949 on: September 14, 2018, 03:22:18 PM »
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.