Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 215799 times)

tj

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #400 on: January 29, 2017, 03:02:50 PM »
There is zero reason to ever pay an annual fee unless you are received benefits that are worth it. Nearly every issuer will let you product change to a card that does not have a fee. For example, Citibank has the "AAdvantage Citi Bronze" which is not publiciized, but it has no fee and gives you 1 point per 2 dollars spent. Product changes do not change your card open date.

The benefits are selling tradelines.  ;)

Barclays, for example, doesn't have an equivalent for their airline branded cards.  We shut down Lufthansa Miles and More cards a few months before learning about TL sales because they refused to waive the fee, and had no cards we could switch it to (despite multiple calls to verify that).  Would have cancelled other ones, too (AA card and Arrival+) if they didn't downgrade, but for finding about tradeline sales.

Now I'm happily paying $89/yr (written off as an expense against the income) to make hundreds from that card.

It is worth seeing if they have a card you can downgrade it to, without an annual fee.  But if not, it may be worth keeping open to do TL sales, even with paying a fee.

The Arrival + can downgrade to Arrival. At least that's what I did years ago. Odd that they wouldn't let you product change the Lufthansa to something else.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #401 on: January 29, 2017, 06:41:34 PM »
ARS, good tip on requesting CLI's every 3 months.  I was doing Discover every 6 months.  I tried after 3 months based on your comment and it was raised.
As I said before, i have verified that you can do a CLI on Discover every 2 months.

Thanks Tom!  I must have missed that.  Great info.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #402 on: January 30, 2017, 07:54:44 AM »
just got a 500 dollar bump on my discover

and a 5k!! bump on my barclays. this moved up a level.  equates to 900 dollars more per year at my conservative estimate.  much more once it turns 2. 
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #403 on: January 30, 2017, 08:27:14 AM »
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.
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tj

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #404 on: January 30, 2017, 09:09:05 AM »
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.

I don't know if that's a choice, but if you do recognize it as self employment income (which i believe it probably is) You could always open a SEP, SIMPLE IRA or Individual 401(k) and funnel it all (less the SE taxes) into retirement accounts.


i'd also argue that if it was a choice, you probably should recognize it as SE income until you are above the Second Bend Point:

https://thefinancebuff.com/early-retirement-social-security-benefits.html
« Last Edit: January 30, 2017, 09:15:21 AM by tj »
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boarder42

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #405 on: January 30, 2017, 12:19:47 PM »
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.

I don't know if that's a choice, but if you do recognize it as self employment income (which i believe it probably is) You could always open a SEP, SIMPLE IRA or Individual 401(k) and funnel it all (less the SE taxes) into retirement accounts.


i'd also argue that if it was a choice, you probably should recognize it as SE income until you are above the Second Bend Point:

https://thefinancebuff.com/early-retirement-social-security-benefits.html

i'm easily above the second bend.  in 2016 i only made a couple grand.  i already have a SEP setup from past daily fantasy wins i filed a schedule C for. for 2017 i will have to do the math b/c my base pay is close to the "you dont have to pay int SSA number" which then with just medicare there is a breakeven point where since your SEP contributions avoid fed and state taxes at 31% for me it makes sense to just file as a business.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #406 on: January 30, 2017, 02:08:06 PM »
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.

Feel free to discuss here.  :)

I plan to exclude it all under FEIE, being an expat, but I'm interested in the discussion both for when I eventually go back to the states, and as an intellectual curiosity.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #407 on: January 30, 2017, 03:03:29 PM »
looks like they raised that number to 127200 for when your IRS payments stop.  I feel like this is the perfect scenario for an S corp.  Its easy to argue that the level of effort involved is so small that it would justify you paying your self 300 an hour ... and the real value is in the assets(credit lines) you company holds.  so figure out the balance of taxes with that.  i havent researched it a ton.  but just avoiding fica would save quite a bit of money. 
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #408 on: January 30, 2017, 08:40:20 PM »
It would be beneficial if the tradeline income was income for my wife instead of myself, as I have a lot more social security wages.

She already handles a lot of the work, and it would be straightforward to have her handle all the tradeline stuff. No business set up though.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #409 on: January 30, 2017, 08:48:39 PM »
Two interesting notes - I emailed the new company to ask about adding 2 cards that just passed 1 year of age and was told that they are very unlikely to get any sales until they are 2 years old, because a card that young can lower the average account age of the customer, and sometimes actually drop their credit score. I hadn't heard this reasoning before, but it explains the incredible low order volume on cards 1-2 years old.

I was also told that the new company is launching a new online interface this week! I am excited, because the online interface is my favorite part about the old company's process. It was also hinted that users can add cards themselves - maybe we'll also be able to remove them, or set limits on tradeline sales without emailing?

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #410 on: January 30, 2017, 11:45:22 PM »
Two interesting notes - I emailed the new company to ask about adding 2 cards that just passed 1 year of age and was told that they are very unlikely to get any sales until they are 2 years old, because a card that young can lower the average account age of the customer, and sometimes actually drop their credit score. I hadn't heard this reasoning before, but it explains the incredible low order volume on cards 1-2 years old.

Yep.  The older it is, the more it helps their average age, and if it's younger, it could possibly hurt.  The younger cards are less likely to see sales UNLESS it has a large limit. 

So someone might buy, say, a 1 year old card with 30k limit, and 11 year old card with 10k limit which will add 40k credit limit and an average age between the two of 6 years each.

Quote
I was also told that the new company is launching a new online interface this week! I am excited, because the online interface is my favorite part about the old company's process. It was also hinted that users can add cards themselves - maybe we'll also be able to remove them, or set limits on tradeline sales without emailing?

Indeed!  This is the system I referenced in the initial comparison post:
Quote
The new company has a portal, sort of, but it's not in use.  I got a login for it and poked around, and can see why it's not being used.  Right now they manually do everything.  So when you get tradeline sales, they email you with the AU info to add (and, if Discover, email the info that might need to be uploaded).  After you add them, you email them back to confirm you added it.  Later they will tell you when to remove the AU, via (you guessed it) an email.

This could be considered a pro, if you like that personal touch, or a con, if you like it all automated, and less emails.

They are working on tweaking/updating their portal, and their owner swears it will be in use soon, but there's a lot of work to be done from what I can see. For now, the manual (email) way does work, even if it's less efficient.

Like I said, I've had access since October, but they've been working on updating and improving it for the past few months, and it's supposed to roll out tomorrow!  I'm excited to see it.

The company will send an email to everyone once it's up.  No need to email them asking--you guys will know.

This is the one major area where the new recommendation was behind the old company, like I mentioned, so this is pretty exciting.

The new portal will add many features catching them up with the old company (like text notifications, online tracking of orders) and address the concern brought up earlier in the thread about the AU info being sent over email.

Here is the things to know:

  • Once you get the email from the company with the link to the portal, you will create a username and password, and enter in your information, and then log in with this newly created account.
  • Once logged in, there is an interface to add your cards.  It is the same information as in the contract (date opened, limit, provider, that info).
  • You set up your contact information (email and/or phone). When someone purchases a spot on a card, you will get a notification by text/email letting them know they have a new add and to login for further instructions.  Likewise, it will let you know when payments have been sent.

Make sure you go in and add your cards ASAP--that's the way to get sales under the new system (won't guarantee it, obviously, the main diver is still people wanting your card, but not getting it in there definitely will prevent you from getting sales once they're 100% switched over to the new system).

Hold off questions if you can for the moment--you should be able to log in and try it yourself, soon!

I'd hold off emailing the company for the moment on miscellaneous stuff as well (except if related to an AU add), simply because they're quite busy getting this launched, but give it a few days, and then everything should be good to go.  Stuff tends to be "bumpy" when new systems come into place, so keep that in mind, but hopefully this won't have too many hiccups. We'll cross our fingers.

Plus everything should be much smoother going forward.

:)
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katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #411 on: January 31, 2017, 07:03:14 AM »
ARS,

To clarify, are you saying to add existing cards to the online system or new cards?
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tj

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #412 on: January 31, 2017, 07:23:46 AM »
It would be beneficial if the tradeline income was income for my wife instead of myself, as I have a lot more social security wages.

She already handles a lot of the work, and it would be straightforward to have her handle all the tradeline stuff. No business set up though.

Do it under her Ssn or register a tax ID number for her.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #413 on: January 31, 2017, 01:43:18 PM »
ARS, thanks for the detailed update.

One morw thing to wait on...😁
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #414 on: January 31, 2017, 02:00:58 PM »
I was just about to give up on any sales for this month (closing date is the 1st) when blammo, I get the email! So I practice saying the name and call USAA, bantering with the customer service rep about this and that. Asks for Name, DOB, SSN....all info I have. Then asks for gender (???) and marital status (???) so I wing it and it's fine. I email the company to let them know and they said that USAA generally didn't ask for that information but that they will include it in the future. So just FYI for folks with USAA. Took 5 minutes and I was surprisingly nervous, but it was really fine.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #415 on: January 31, 2017, 02:23:55 PM »
I was just about to give up on any sales for this month (closing date is the 1st) when blammo, I get the email! So I practice saying the name and call USAA, bantering with the customer service rep about this and that. Asks for Name, DOB, SSN....all info I have. Then asks for gender (???) and marital status (???) so I wing it and it's fine. I email the company to let them know and they said that USAA generally didn't ask for that information but that they will include it in the future. So just FYI for folks with USAA. Took 5 minutes and I was surprisingly nervous, but it was really fine.

I've had quite a few USAA sales on my line with them.

They've *always* asked for gender, marital status, confirmed US citizenship, and occasionally they've asked for job category.  The old company provided the first three; I also winged it on the last one when necessary.

They've also *always* set up a USAA profile for the person, even though the old company said it wasn't necessary and to discourage USAA from doing so.  It was a few extra minutes and I didn't see any harm so I just let 'em do it.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #416 on: January 31, 2017, 02:31:30 PM »
ARS,

To clarify, are you saying to add existing cards to the online system or new cards?

You will be adding the existing cards... basically so they don't have to input hundreds of cards into the system, having individual cardholders put in their own cards will speed up the process.  :)

I was just about to give up on any sales for this month (closing date is the 1st) when blammo, I get the email!

Nice!  :)

Quote
So I practice saying the name and call USAA, bantering with the customer service rep about this and that. Asks for Name, DOB, SSN....all info I have. Then asks for gender (???) and marital status (???) so I wing it and it's fine. I email the company to let them know and they said that USAA generally didn't ask for that information but that they will include it in the future. So just FYI for folks with USAA. Took 5 minutes and I was surprisingly nervous, but it was really fine.

Yeah, USAA seems much more stringent on info than other CC companies.

Also, FYI for everyone, I just received my 1099 from the old company today, so be on the lookout for that.  :)
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #417 on: January 31, 2017, 02:40:17 PM »
I also got my 1099 from the old company today, by email (password protected PDF).

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #418 on: January 31, 2017, 03:06:15 PM »
I also got my 1099 from the old company today, by email (password protected PDF).

yes and its interesting when i put it into credit karma since its under nonemployee compensation if i list it as other income then it doesnt come thru on the line item. well it does on the major sheet but not the questionaire.  its strange.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #419 on: January 31, 2017, 03:18:01 PM »
Finally think I'm about to ready to jump on board here. I have the following cards:

Best Buy branded Citi Visa - add authorized user is available under the account setting - need to confirm this is a valid Citi card. $10.7k balance. Open date is listed as 7/2009. Previously a Cap One card that was transferred to Citi in 2013. Reports payment history for this card back to 2013. The Cap One account is listed separately on my credit report.

Discover (me) - opened 7/09. $17.9k limit - just requested an increase at the end of November. Hopefully the next increase will get me over 20k. That way I'd be at $225 per AU once I pass 8 years in July.

Discover (wife) - opened  6/15. $16.7k limit. Also requested the increase back in November. Not yet up to 2 years so not as sweet of a deal.

Just getting a few things in order before I jump on the bandwagon.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #420 on: January 31, 2017, 03:20:14 PM »
Discover (wife) - opened  6/15. $16.7k limit. Also requested the increase back in November. Not yet up to 2 years so not as sweet of a deal.

Just getting a few things in order before I jump on the bandwagon.

They will likely take that card even though it is under 2 years due to the limit.  You can inquire when you send in your paperwork.  I had one very similar that they took.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #421 on: January 31, 2017, 07:31:28 PM »
I also got my 1099 from the old company today, by email (password protected PDF).

Same. Already printed and in my tax file.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #423 on: February 01, 2017, 09:52:09 AM »
Has anyone gotten an email yet about the new website and interface? I've been waiting on pins and needles and still haven't seen one...

You will know when we get it, because you will get it, too, it will go out to all investors, not individually emailed.

Be patient.  :)

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #424 on: February 01, 2017, 09:52:21 AM »
Has anyone gotten an email yet about the new website and interface? I've been waiting on pins and needles and still haven't seen one...

nope...eagerly awaiting it here too


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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #426 on: February 01, 2017, 12:58:53 PM »
Adding another data point:

Just added three AUs to my second credit card.  So in the first month I have sold 5 tradelines at $75 each.   Although this may be low for some on here but I am extremely happy with the results.


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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #427 on: February 01, 2017, 01:13:14 PM »
nothing to frown at 5 TL's for 75 bucks.  i've got 5 cards in now and will have 17 by this time next year hopefully.  if i fill everything on my 5 now its 2200  amonth.  next year if i fill all 17 its 60k a year.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #428 on: February 01, 2017, 01:24:36 PM »
nothing to frown at 5 TL's for 75 bucks.  i've got 5 cards in now and will have 17 by this time next year hopefully.  if i fill everything on my 5 now its 2200  amonth.  next year if i fill all 17 its 60k a year.

Man I would quit my day job with that level of earnings. I only have one card, but it has a high limit and is very old. Still trying to get the wife on board, but she is very skeptical.

I wonder if this company gets flooded as well if they will slow down and/or reduce payouts.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #429 on: February 01, 2017, 02:15:00 PM »
Adding another data point:

Just added three AUs to my second credit card.  So in the first month I have sold 5 tradelines at $75 each.   Although this may be low for some on here but I am extremely happy with the results.

What is the limit and age of that card?
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #430 on: February 01, 2017, 02:38:36 PM »
nothing to frown at 5 TL's for 75 bucks.  i've got 5 cards in now and will have 17 by this time next year hopefully.  if i fill everything on my 5 now its 2200  amonth.  next year if i fill all 17 its 60k a year.

Man I would quit my day job with that level of earnings. I only have one card, but it has a high limit and is very old. Still trying to get the wife on board, but she is very skeptical.

I wonder if this company gets flooded as well if they will slow down and/or reduce payouts.

Cant quit my day job. dont know how long this will last.  i'm 6-7 years from FI  If this is still churning dough in 4-5 years i will likely be done working. 
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #431 on: February 01, 2017, 03:28:46 PM »
Adding another data point:

Just added three AUs to my second credit card.  So in the first month I have sold 5 tradelines at $75 each.   Although this may be low for some on here but I am extremely happy with the results.

What is the limit and age of that card?

I have one card that is at $9,600 and the other one is $6,500.  Both are 7 years old.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #432 on: February 01, 2017, 10:11:10 PM »
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.

Feel free to discuss here.  :)

I plan to exclude it all under FEIE, being an expat, but I'm interested in the discussion both for when I eventually go back to the states, and as an intellectual curiosity.

I think it's a good point boarder42 brought up, and I'm not sure I agree this is the best place to discuss it. It is an active thread, and I already had trouble keeping up with the tax discussion in between the updates of tradelines sales people have gotten, the upcoming interface for new company, 1099 being issued by old company, etc.

If anyone else is interested, I took the liberty of creating a new thread: Small Business and Miscellaneous Income Best Practices broken off from here and summarized with the relevant discussion I could find. It might be a good general purpose resource for all the side hustle income people on the board have.

I'd like to get people's more indepth thoughts on their tax strategy, because I was just thinking that since in 2016, we did nothing to shelter the tradeline income, it's essentially a 30% - 40% haircut for us after paying State and Federal taxes. Getting the taxes right might have have almost made as much a difference as selling twice as many tradelines!

I'm also curious about the FICA aspect, since my wife and I FI/RE'ed before hitting 40 credits, so there might be relavent aspects for other's on the board about how to approach that.

If you disagree, you can continue here, and that other thread will die a sad lonely death :) but I think it is worth breaking off a separate discussion 
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FrugalSaver

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #433 on: February 01, 2017, 11:24:26 PM »
Doesn't seem like anyone got the portal email? 

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #434 on: February 02, 2017, 05:17:17 AM »
Doesn't seem like anyone got the portal email?

Nope.

I expect several people will be excited to post in this thread as soon as it arrives....

Including me  ;)

I'm much happier with self-serve than sending emails and relying on someone else to go through and update stuff. I have to type it anyway, might as well type it directly into the system.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #435 on: February 02, 2017, 08:02:20 AM »
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk


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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #436 on: February 02, 2017, 08:29:09 AM »
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #437 on: February 02, 2017, 08:58:04 AM »
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.

knew this would happen again.  no way they could take the flood.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #438 on: February 02, 2017, 09:57:18 AM »
If a card gets cancelled, are you then "black balled" from that company?   The reason I ask is that I am starting to do some credit card hacking as well and not being allowed to open the neceaaary cards for the hacking would obviously inhibits the success.  Example, I have a Capital One card that I plan to use for tradelines for $250 an AU.  Knowing that Cap One has a higher probability of cancelling, will I have an issue with getting another Cap One card down the road for hacking?  PS, I definitely don't plan to use any my hacking cards for tradelines until after the large bonus points are redeemed.

boarder42

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #439 on: February 02, 2017, 10:18:57 AM »
If a card gets cancelled, are you then "black balled" from that company?   The reason I ask is that I am starting to do some credit card hacking as well and not being allowed to open the neceaaary cards for the hacking would obviously inhibits the success.  Example, I have a Capital One card that I plan to use for tradelines for $250 an AU.  Knowing that Cap One has a higher probability of cancelling, will I have an issue with getting another Cap One card down the road for hacking?  PS, I definitely don't plan to use any my hacking cards for tradelines until after the large bonus points are redeemed.

Hacking is pennies compared to this.  I've hacked for 2 years.  500 bucks in on one time sign up bonus you make in one month with that cap one card.  So who really cares ... you should be asking if it gets shutdown will i not be able to get future cards for this system. 

another example my citi AA card gets me 50k points that 2 RT's to hawaii so worht about 2k ... in this system i get 115 up to 4 AUs a month.  if i assume i only get half that.  i make 2760 a year on this card ...

you should be looking to open cards to profit in this system and if you get the travel sign up bonus.  thats just gravy now.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #440 on: February 02, 2017, 11:13:04 AM »
you should be looking to open cards to profit in this system and if you get the travel sign up bonus.  thats just gravy now.

Personally, I am looking at opening cards with all of the "easy" CC companies for tradeline sales.  If this isn't around in 2 years, oh well, but it's very much worth a shot!
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #441 on: February 02, 2017, 12:17:27 PM »
I agree that trade lines can be much more profitable than hacking but I only have 1 card that qualifies for tradelines today so in the short term (2 years) travel hacking should save me more money that's a tradeline with Cap One will.  Great point though, do cards cancelled from tradelining prevent you from getting future cards with the company that canceled you?

boarder42

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #442 on: February 02, 2017, 12:26:47 PM »
you should be looking to open cards to profit in this system and if you get the travel sign up bonus.  thats just gravy now.

Personally, I am looking at opening cards with all of the "easy" CC companies for tradeline sales.  If this isn't around in 2 years, oh well, but it's very much worth a shot!

agreed its what i'm doing.  i've opened up 12 new lines of credit since july when i found out about this
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #443 on: February 02, 2017, 12:52:09 PM »
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.

I was also pretty bummed bc I hadn't gotten any bites on my card (10+ years, 20K+ credit line) and then a few days before the closing date I got one. Good stuff! And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed. But I wasn't expecting the last minute orders, though I am happy with it.

In other related news, USAA is a PITA to add AUs to. I was asked a ridiculous number of questions. Was he a US citizen. What his degree was in. His phone number. His email address. How long he had been employed. I didn't have a lot of that and it was fine, but it makes me wonder if they were suspicious (he had a difficult name and there is a chance I mispronounced it and maybe that tipped them off?) It ended up being fine but I am definitely preparing myself for this card getting shut down. Working on seasoning some other cards in the meantime.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #444 on: February 02, 2017, 12:54:30 PM »
Quote
And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.

They are only giving you 1 day lead time to add? That doesn't make sense.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #445 on: February 02, 2017, 01:05:23 PM »
Quote
And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.

They are only giving you 1 day lead time to add? That doesn't make sense.

It wasn't even 1 day. It was hours. I hope going forward it isn't that chaotic. But for the amount of money, I am willing to deal with some hassle.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #446 on: February 02, 2017, 01:15:06 PM »
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.

knew this would happen again.  no way they could take the flood.

Of course, none of the companies can, the TL business is small.  This one can in the short term a lot better than any of the other ones, as it's the biggest--Mustachians have already seen more sales with them this first month than with the old company--and due to the affiliate network I mentioned in the comparison posts, it'll be easier for them to bring in new AUs than most companies to be able to ramp up and meet the cardholder demand.

Quote
And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.

They are only giving you 1 day lead time to add? That doesn't make sense.

It wasn't even 1 day. It was hours. I hope going forward it isn't that chaotic. But for the amount of money, I am willing to deal with some hassle.

This company definitely has way more "last minute" adds than the old one.  Having to turn down an order sucks though.
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #447 on: February 02, 2017, 01:55:20 PM »
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.

I was also pretty bummed bc I hadn't gotten any bites on my card (10+ years, 20K+ credit line) and then a few days before the closing date I got one. Good stuff! And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed. But I wasn't expecting the last minute orders, though I am happy with it.

In other related news, USAA is a PITA to add AUs to. I was asked a ridiculous number of questions. Was he a US citizen. What his degree was in. His phone number. His email address. How long he had been employed. I didn't have a lot of that and it was fine, but it makes me wonder if they were suspicious (he had a difficult name and there is a chance I mispronounced it and maybe that tipped them off?) It ended up being fine but I am definitely preparing myself for this card getting shut down. Working on seasoning some other cards in the meantime.

Myself and a few others have experienced this as well. I wasn't real fond of being asked all those questions. But they didn't seem to really care if I knew the answers. 

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #448 on: February 02, 2017, 02:09:00 PM »
Might just be the form they fill out ("fill out" being metaphorical, it's likely electronic, of course), and they don't care if the answer is "I don't know."
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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #449 on: February 02, 2017, 05:44:52 PM »
Might just be the form they fill out ("fill out" being metaphorical, it's likely electronic, of course), and they don't care if the answer is "I don't know."

Could be. I just told the rep since it was my account I prefer all contact info be the same as mine. They were fine with that and understood.