Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 141913 times)

CanuckExpat

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #300 on: January 19, 2017, 08:07:00 PM »
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.

Discover won't charge you below $2.
Many others (Capital one for example) won't charge you below $1
i
It usually shows up as a "Small balance credit" on your statement and wipes out the balance due.

I used to buy a free avocado or two a month :)
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kpd905

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #301 on: January 19, 2017, 08:12:26 PM »
There is a list of amounts you can have forgiven on Doctor of Credit:  http://www.doctorofcredit.com/small-balance-waiver-a-k-a-lots-of-free-99-cent-amazon-gcs/

I really like the free avocados idea, although it might be easier to load up Amazon gift cards every month.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #302 on: January 20, 2017, 07:11:17 PM »
Updating in case anyone is looking for more information...

I just received the two authorized user cards from Capital One.  Both cane in one envelope addressed to one of the buyers. 

CanuckExpat

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #303 on: January 20, 2017, 08:41:18 PM »
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?
Priorities people...
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #304 on: January 20, 2017, 08:51:21 PM »
But you can't exchange Amazon gift cards for avocados can you?

Why not?
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CanuckExpat

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #305 on: January 20, 2017, 08:56:23 PM »
But you can't exchange Amazon gift cards for avocados can you?

Why not?

I suppose I meant you can't cheaply! But suppose it's not outrageous if you bank up a lot of Amazon gift cards and have a hankering for avocados.
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TomTX

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #306 on: January 21, 2017, 07:38:08 AM »
But you can't exchange Amazon gift cards for avocados can you?

Why not?

If I'm going to the trouble of having avocados shipped to me, it's going to be the nice big green smooth old-school Florida avocados, not those Haas things.
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FrugalSaver

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #307 on: January 21, 2017, 09:14:48 PM »
I have 5 cards in the pipeline and all 5 payment dates came and passed with no AUs in january. Maybe I'll snag a couple of sales in February.

#FingersCrossed

VladTheImpaler

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #308 on: January 23, 2017, 07:16:44 PM »
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:
Quote
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

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
I just got my credit score and was wondering why the credit reporting agencies use different score ranges?

EQUIFAX:
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EXPERIAN:
320 - 844

TRANSUNION:
309 - 839

Wouldn't it be easier and more clear if they all used a set scoring range?
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #309 on: January 23, 2017, 11:34:19 PM »
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?
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TomTX

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #310 on: January 24, 2017, 03:16:49 AM »
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?

...and consumers only get to see a small fraction of the MANY variants available to lenders. Something close to 50 variants of FICO scoring have been confirmed.
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TomTX

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #311 on: January 24, 2017, 03:26:37 AM »
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.
« Last Edit: January 24, 2017, 04:07:35 AM by TomTX »
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VladTheImpaler

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #312 on: January 24, 2017, 04:43:59 AM »
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?

Good point, well said.🤔
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boarder42

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #313 on: January 24, 2017, 06:25:13 AM »
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.

You can remove 2 au in one call if it's the same card.
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HAPPYINAZ

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #314 on: January 24, 2017, 07:50:58 AM »
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?

ducky19

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #315 on: January 24, 2017, 11:10:45 AM »
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.

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #316 on: January 24, 2017, 01:47:43 PM »
I think the concern is if you remove AUs from multiple different cards in one call (e.g. say you have two Barclays cards or whatever) it could raise a red flag or something.
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robartsd

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #317 on: January 24, 2017, 03:01:13 PM »
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.

d4future

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #318 on: January 24, 2017, 06:36:34 PM »
Started with company and haven't received any orders yet. I guess its a waiting game.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #319 on: January 25, 2017, 09:46:22 AM »
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. 

beechnut

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #320 on: January 25, 2017, 09:51:33 AM »
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?

solon

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #321 on: January 25, 2017, 10:01:36 AM »
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?

ducky19

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #322 on: January 25, 2017, 10:08:26 AM »
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.

Yeah, my bad Happy... not sure how I misread that!

boarder42

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #323 on: January 25, 2017, 10:23:36 AM »
this is by far the craziest/eassiest way i have ever made consistent money.  i'm amazed at the ease of this entire system. 

Profit this year 1575 so far with just 2 cards.  in 2 months.
« Last Edit: January 25, 2017, 11:25:18 AM by boarder42 »
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #324 on: January 25, 2017, 11:16:17 AM »
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?

You might call the local USPS office.  I don't think this is normal practice.  You could always have a story ready like traveling relatives are sending some mailing to you temporarily.

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #325 on: January 25, 2017, 01:37:17 PM »
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.  :)
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #326 on: January 25, 2017, 02:03:31 PM »
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.  :)

The guy at the New Company told me that I should e-mail him when my card turns a year older, because his system will not automatically update that info.
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #327 on: January 25, 2017, 02:07:11 PM »
Ah, good to know.  That's silly.

I'd have assumed they'd have the age somewhere and have excel (which they use for tracking everything) increment it by 1 when it passes the annual threshold.

Hope they get the portal up soon.  :)
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FrugalZony

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #328 on: January 25, 2017, 03:39:27 PM »
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?
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #329 on: January 25, 2017, 03:47:11 PM »
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.

Yay!  I'm sure you have some good uses for that.  :)

It'll always be right around the end of your statement date.  Make sure you check email then and have internet/phone access to be able to add the AUs (just mentioning since I know you're off grid sometimes).  :)

Quote
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?

1) No, I never activate it.
2) I always mail it.

I'm not convinced either makes a huge difference, but that's just what I do; if others do it differently, I have no argument.  :)
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d4future

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #330 on: January 25, 2017, 04:02:33 PM »
Got my first hit on new company.

Let many more come.

:)

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #331 on: January 25, 2017, 04:10:42 PM »
Started with company and haven't received any orders yet. I guess its a waiting game.

Got my first hit on new company.

Looks like you won the waiting game!  ;)

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.
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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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #332 on: January 25, 2017, 04:43:22 PM »
Yay!  I'm sure you have some good uses for that.  :)


Yes, thanks again ARS!
I usually never count my money while sitting at the table, there'll be time enough for counting, when the dealin's done....
But this money INDEED, is already earmarked for donations, so I really really really hope it will all work out as planned!
Fingers crossed!
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.

I just prefer to be upfront, we sometimes go days without email / phone coverage. But I'll make it a point to try and have access a few days before statement date, now that I know I am "at the table".
Thanks again for doing all the work and sharing your findings!





« Last Edit: January 25, 2017, 04:45:45 PM by FrugalZony »
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arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #333 on: January 25, 2017, 04:51:08 PM »
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!

haha, same here, and I'm sure the same for most of us with our first (few) adds.  :)

But 10 years in business for this new company, 4 years for Old Company, and not a single time where an AU charged something to a tradeline.  So that makes me feel much, much better about it.

Quote
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.

Smart.  :)
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missundecided

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #334 on: January 25, 2017, 05:28:48 PM »

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?

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #335 on: January 25, 2017, 05:42:18 PM »

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?

Depends on the credit card company. Some do them, some don't.

Also, inquiries barely affect your credit score.  I have 12+ in the last year, and my score is well north of 800.  Hard inquiries are not even something I worry about anymore, since starting churning/tradeline sales. (Except in the case I was in the process of getting a mortgage or something--I wouldn't add new ones at that point.  But I'd be fine having a lot already on there.  Just try to keep underwriting clean.)

Also very likely the higher limit, if granted, will more than offset the temporary ding from the inquiry.
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missundecided

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #336 on: January 25, 2017, 07:07:04 PM »
I'm not that concerned about my score; I am trying not to rock the boat too much in my quest for the CSR! (I'm slightly over 5/24 so it's probably a moot point anyway.)

TomTX

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #337 on: January 25, 2017, 08:07:56 PM »
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.

US Bank. I made several errors, and hopefully others will learn from them.

I didn't need to make 2 calls (prior sales had been staggered, this was my first time with 2 removes)

I called very early in the morning, because I wanted to wrap things up before a very busy rest of the week.
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flashflooder

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #338 on: January 26, 2017, 08:09:15 AM »
Here's a question for those already active:

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?

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #339 on: January 26, 2017, 08:19:27 AM »
What I currently do is get the AU request, add them, and make a small purchase (coffee if I've got nothing else I need to buy, or top off the gas tank) all in the same day.  I then also make a note to myself to make an additional purchase after each card's closing date so that there will be a balance the second month as well.  But this has the risk you mention.

Another approach that I am considering is to put all of my piggybacking cards in my wallet and use them in a rotating manner for purchases.  Since I make at least a dozen purchases a month and have fewer active piggybacking tradelines, this would ensure that there is always a balance on all of my cards.

A third approach (and I think this is one that ARS uses) is to put a small recurring auto charge on each piggybacking card - like an Amazon gift certificate purchase.  Just make sure the auto charge is large enough so that the credit card company doesn't forgive the small balance.  If it is something like an Amazon gift certificate that will get used eventually, $5 a month per line seems reasonable.
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flashflooder

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #340 on: January 26, 2017, 08:24:37 AM »
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.

boarder42

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #341 on: January 26, 2017, 08:26:21 AM »
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.
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boarder42

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #342 on: January 26, 2017, 08:28:15 AM »
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.

its not too difficult to login to amazon and add 5 bucks to your amazon gift card on each card once a month.  esp when you consider what the profits are.  i use them to pay utility bills as well
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robartsd

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #343 on: January 26, 2017, 08:49:12 AM »
Here's a question for those already active:

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?
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.

I can think of at least two good reasons for the tradeline companies to want to provide AU requests close to the statement date: 1) the tradeline will appear on the AU's credit report sooner, 2) the tradeline maximizes their available inventory of cards by filling AUs on the card with the closest statement date first. I think I saw a post by someone here indicating that they gave the company a date that was a few days prior to the actual date. I could see this causing problems on the other end (the tradeline not posting by the date expected) but I imagine that they have a buffer on that end too. 1-2 extra days could be very handy for someone who doesn't want to schedule this small chore on a tight time frame though.

ducky19

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #344 on: January 26, 2017, 09:16:50 AM »
I took all of my monthly recurring charges (Netflix, Sling, utilities, Republic Wireless, etc.) and put one on each card. I still have two cards without recurring charges, so will need to make a small purchase on each of these, but for the others it's one less thing I have to think about.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #345 on: January 26, 2017, 09:39:34 AM »
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?

boarder42

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #346 on: January 26, 2017, 09:43:01 AM »
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.
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letired

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #347 on: January 26, 2017, 10:01:19 AM »
Another good option is a recurring monthly donation. I make a small monthly donation to a few charities, and I've just been spreading them out across my various cards. Then I set up auto pay and don't have to worry about anything.

merula

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #348 on: January 26, 2017, 10:04:09 AM »
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.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #349 on: January 26, 2017, 10:42:23 AM »

i cant figure out how to do 5 bucks per month on amazon.

If you go here, 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.
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