Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 71228 times)

HipGnosis

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When I got a request for my first added AU for Capital One ...
 a request for phone number, but I had contacted the company about this and they said to use my own phone number, which I did.
thanks for sharing this

katsiki

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Thanks HipGnosis!

Joel

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I just received my first sale today. Just in time as I sent the company an email saying I would be out of the country without internet access beginning tomorrow until 4/1. All three of my cards have closing dates around the 25th-27th.

I happened to see the sale on the My Cards page of their portal. I did not receive an email notification about it. That's why I emailed customer support and they told me to make the add today. They also put my cards down as "resting" for the next two weeks so that I won't have any sales that I cannot fulfill.

The sale was on a Capital One card with an $8k balance just under 7 years old. I wasn't expecting any sales on this card at all! In fact, I hadn't used the card in many years (which explains the relatively low credit limit). When I got interested in selling tradelines in December, that's when I got the card reissued to me and began making small purchases with it to get some recent activity and request a credit limit increase. I figured I wouldn't get any sales until the credit limit increase occurred. That's a nice surprise - even if it's only $75 (before taxes).

arebelspy

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Well shit, my capital one account is now restricted and they're asking that I call them. Added my first AU on Tuesday. Anyone else had a similar circumstance happen?

No big deal; a lot of times the companies want you to verify it was actually you who added the AU.  You just call and answer some standard security questions.  Have the AU's name pulled up on your screen in case they ask.  Usually once you do it once, they don't have you do it again (though it will occasionally happen).

The sale was on a Capital One card with an $8k balance just under 7 years old. I wasn't expecting any sales on this card at all! ... I figured I wouldn't get any sales until the credit limit increase occurred. That's a nice surprise

Cool.

Weird about the emails not working, though at least they're aware of it.
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cheapass

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No big deal; a lot of times the companies want you to verify it was actually you who added the AU.  You just call and answer some standard security questions.  Have the AU's name pulled up on your screen in case they ask.  Usually once you do it once, they don't have you do it again (though it will occasionally happen).

Just had the most bizarre 20 minute phone call with one of their fraud specialists. He put me on hold 4 or 5 times to check on different things, went over some of my most recent charges and asked me if I added an AU (he did not ask his name). Finally, he said to get my restriction lifted I have to send in copies of my DL, my SS card and a proof of residence. Apparently this is to demonstrate that I originally opened the account... uhh, it's 5 years old, yeah I opened the account... wtf?

arebelspy

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That is... very strange.
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secondcor521

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IMHO, sometimes CSRs aren't fully accurate in what they say when they are talking to someone where they think something weird is going on.  I know you know who you are and you opened the account and you're piggybacking as a side gig or whatever.  But from their point of view you *could be* a spy or a scammer or whatever, and since they're not sure, sometimes CSRs take it on themselves to tell you something that isn't accurate, probably in a misguided attempt to put you off your *potential* scam somehow.

I think a similar thing happened to me when I added three AUs on my USAA card in three separate phone calls in under 24 hours.  The CSR got suspicious and put me on hold for a while, then transferred me to a "specialist", who asked me some weird questions, and eventually relented and let me finish adding the AU.

In general I usually am honest and straightforward as much as I can be, and vague about the one thing I don't want them to know - that I'm getting paid to do this.  Remember, there is nothing illegal about this activity, and again IMHO nothing immoral about it.  It could be against their rules, and there is some risk there that has been discussed.  But for me, if I ever get a card shut down, I'll be a little disappointed but respectful to the CC company, grateful for the money that I had made so far, and then decide on my next best move going forward given the new landscape.
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Shade00

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I have not received an email from the company since adding my cards to the portal but I just logged in to check and saw that I had an AU listed on one of my Discover slots. I don't have anything listed in sales history or in tasks to complete, so I guess I'll just give it a few days and see if I hear anything from the company.

arebelspy

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I have not received an email from the company since adding my cards to the portal but I just logged in to check and saw that I had an AU listed on one of my Discover slots. I don't have anything listed in sales history or in tasks to complete, so I guess I'll just give it a few days and see if I hear anything from the company.

Again, just because a slot is sold, doesn't mean it's time to add the AU.

If the order is cancelled, you'd rather you didn't add that AU.

Wait until it's in tasks to complete.  You should receive an email at that point, though users have said there's a problem with it right now, and they're working on it.

But the sales listed under individual cards are fun to know what's coming up, but not relevant to any action you need to do now.  Under the old company, this would just show as one less slot available, but you still wouldn't get the info until it was time to add. Under new company's manual process, they may have sold the slot 3 weeks ago, but only email you a few days before, when it's time to add them, in case the order is cancelled, payment doesn't go through, or whatever.

No need to jump the gun because you see a sale for next month, or whatever, on one of your cards (speaking in general, not just to you, you did not you'd wait).
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Joel

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I just received my first sale today. Just in time as I sent the company an email saying I would be out of the country without internet access beginning tomorrow until 4/1. All three of my cards have closing dates around the 25th-27th.

I happened to see the sale on the My Cards page of their portal. I did not receive an email notification about it. That's why I emailed customer support and they told me to make the add today. They also put my cards down as "resting" for the next two weeks so that I won't have any sales that I cannot fulfill.

I got the email today and completed the process in the portal. Sweet!

arebelspy

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I just received my first sale today. Just in time as I sent the company an email saying I would be out of the country without internet access beginning tomorrow until 4/1. All three of my cards have closing dates around the 25th-27th.

I happened to see the sale on the My Cards page of their portal. I did not receive an email notification about it. That's why I emailed customer support and they told me to make the add today. They also put my cards down as "resting" for the next two weeks so that I won't have any sales that I cannot fulfill.

I got the email today and completed the process in the portal. Sweet!

Ah, so it wasn't yet in the "My Tasks" tab yet, just "My Cards"?

They may need to remove that info, with so many people wanting to jump the gun or think they haven't gotten the email/been notified, when in reality it's just not time to add the AU yet.

It's all a learning process as we figure out the portal and they figure out the best way to communicate how it works.

Thanks for the update.  Congrats on the sale!  :)
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Joel

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I just received my first sale today. Just in time as I sent the company an email saying I would be out of the country without internet access beginning tomorrow until 4/1. All three of my cards have closing dates around the 25th-27th.

I happened to see the sale on the My Cards page of their portal. I did not receive an email notification about it. That's why I emailed customer support and they told me to make the add today. They also put my cards down as "resting" for the next two weeks so that I won't have any sales that I cannot fulfill.

I got the email today and completed the process in the portal. Sweet!

Ah, so it wasn't yet in the "My Tasks" tab yet, just "My Cards"?

They may need to remove that info, with so many people wanting to jump the gun or think they haven't gotten the email/been notified, when in reality it's just not time to add the AU yet.

It's all a learning process as we figure out the portal and they figure out the best way to communicate how it works.

Thanks for the update.  Congrats on the sale!  :)

Exactly. Although in my case, I had told them earlier in the week to not make any sales and this sale had already happened. LuckIly I checked the My Cards page before leaving for two weeks...

tj

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Has anyone else noticed that sales of Barclaycard spots often don't post correctly?

How does one learn this? Do they tell you when it doesn't post correctly?

Still curious to know the answer to this.... I had an add the 4th week of Jan, 1st week of Feb and 4th week of Feb. I'm assuming they posted because I haven't heard from them indicating otherwise, yet other people have commented about cards not posting, so it's kind of confusing. I also haven't received any $$$ yet though.

Yes, you'll either get paid if it posted, or get a copy of the credit report showing it didn't post if it didn't.

Is there a timeline for receiving the copy of the credit report if it didn't post? Do they email you to tell you that a payment is coming, or does it just show up in your bank account?

The comparison between old and new company suggested we get paid in 4 weeks with the new company, but I'm getting close to 8 weeks and the status is still unknown to me.

arebelspy

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Is there a timeline for receiving the copy of the credit report if it didn't post? Do they email you to tell you that a payment is coming, or does it just show up in your bank account?

The comparison between old and new company suggested we get paid in 4 weeks with the new company, but I'm getting close to 8 weeks and the status is still unknown to me.

Should be within 4 weeks, or just thereafter, of your statement close.

Everyone's January payments should have been made, and February payments should be any time, plus or minus a week, I'd guess.

If you'd like, you can PM me your email address and the date of the sale, and I can look into it for you.
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secondcor521

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Is there a timeline for receiving the copy of the credit report if it didn't post? Do they email you to tell you that a payment is coming, or does it just show up in your bank account?

The comparison between old and new company suggested we get paid in 4 weeks with the new company, but I'm getting close to 8 weeks and the status is still unknown to me.

Should be within 4 weeks, or just thereafter, of your statement close.

Everyone's January payments should have been made, and February payments should be any time, plus or minus a week, I'd guess.

If you'd like, you can PM me your email address and the date of the sale, and I can look into it for you.

This week I asked the owner of the new company about this, and he agreed that we could ping them about payment after "AU add + statement close date + 1 month + 1 week" or roughly 4-5 weeks.  I've pinged him about my first two sales, and in both cases received a direct deposit payment within ~3 days, but in both cases I got the impression that if I hadn't pinged them I'd still be waiting to be paid.
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arebelspy

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This is another case of things that were being done manually and slid to poorly handled as the got overwhelmed (mostly with getting the portal up, but also with the Mustachians enrolling).

The owner was, basically as a daily task, looking at AUs from 4 weeks before, verifying they posted, and sending payments.

That sort of slid as they got busier.

So he batched them, and sat down and spent a whole day a week or two ago processing all January payments (around 4 weeks after Jan ended, but likely 5-6 weeks after most of the adds).

Definitely not as expected.

I've pinged him about the February ones, to see his status on that.  I believe some Feb ones have been paid, others will be soon.  I'll update when I get more info.

But all January ones have been paid (if you have a January one that was not, and you were not given any info about it not posting, PM me and I can look into it for you), and February ones should be soon, hopefully.

And now that most sales (and soon all) are through the portal, that will become automated as well, and more efficient (they can check it posted, mark that, and it can automatically notify payroll and issue the payment).

So soon a lot of this manual stuff that was efficient enough, and then become very inefficient, will be fully automated and much quicker.
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HipGnosis

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This week I asked the owner of the new company about this, and he agreed that we could ping them about payment after "AU add + statement close date + 1 month + 1 week" or roughly 4-5 weeks.  I've pinged him about my first two sales, and in both cases received a direct deposit payment within ~3 days, but in both cases I got the impression that if I hadn't pinged them I'd still be waiting to be paid.
Does that mean you get two payments per AU add since they are added for 2 months?

ducky19

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I asked about that as I had two users on my Capital One for two months, the answer is no. Leaving them on there for more than one month is more about keeping your card from getting shut down than anything. Some companies are more inclined to shut your account down much more quickly if they see you adding/removing people that frequently.

arebelspy

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You are paid for a tradeline sale, one AU for two months. They are paying to get two months, and you may have to refund them if removed early.
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secondcor521

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You are paid for a tradeline sale, one AU for two months. They are paying to get two months, and you may have to refund them if removed early.

Correct, and if you read through the stuff they sent (royal) you, that's exactly what they say about the commissions - they're 1 AU for 2 months.

They also market that on their website as a benefit to their customers.  If you're trying to boost your credit to buy a house, you may have to deal with inspections, lenders, closing agents, repairs -  all of which can slow down the process.  If it were me, I wouldn't want to try to fit that into a 30-day window; a 60-day window would be much easier.
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BeginnerStache

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The two AUs I added way back at the beginning of Jan are still on my account. I have not been told to remove them yet. 2 months seems to be the minimum. 

arebelspy

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The two AUs I added way back at the beginning of Jan are still on my account. I have not been told to remove them yet. 2 months seems to be the minimum.

My suspicion is that they previously didn't have a system in place to remove AUs if new ones aren't being added.

Before, under the manual system, they'd email you "remove AUs X, Y, Z" when you got a new sale.  That was fine, when they were selling lines on cards every month.  Now with more cards, you might not see a sale for months, meaning the AU may sit on the card longer than necessary.

I may be wrong, and they may send out "remove AU" emails without having a new add, but all my "remove" emails have come with a new add, so I suspect if they have no new add for you, you don't get a remove email.

I'm checking in with them to confirm this, and try and get a fix, and make sure the portal either has a date you can remove after (like old company).

EDIT: You will indeed see on the portal information on when to remove the AUs.
« Last Edit: March 20, 2017, 09:41:17 PM by arebelspy »
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ducky19

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I know the explanation I received was that premature removal of an AU was viewed as more suspicious activity by the CC companies, so it makes sense that they are not removing them until they have new AUs to replace them.

FrugalSaver

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has it been determined that we will NO LONGER receive email notification we need to add an AU but that we should periodically log into the online dashboard and see if they have assigned us any TASKS?

When I sign in, I see my TASKS tab has a lot of RED letters, but it doesn't appear I have anything to add.

My next card of the cards in my queue has a date of the 21st so maybe this will be the month!

arebelspy

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I know the explanation I received was that premature removal of an AU was viewed as more suspicious activity by the CC companies, so it makes sense that they are not removing them until they have new AUs to replace them.

Yep, that's one big thing. Removing someone earlier is more suspicious than later.  Leaving them for a few months is better.

They want multiple months of the score bump as well, and pay for that.  So you will see on the portal when to remove them.

has it been determined that we will NO LONGER receive email notification we need to add an AU but that we should periodically log into the online dashboard and see if they have assigned us any TASKS?

No, that is not the case.

You should still get an email, it will just be a notification from the portal that you have an AU to add, and then you'll go log in, rather than a manual email with all the AU info.
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BeginnerStache

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The two AUs I added way back at the beginning of Jan are still on my account. I have not been told to remove them yet. 2 months seems to be the minimum.

My suspicion is that they previously didn't have a system in place to remove AUs if new ones aren't being added.

Before, under the manual system, they'd email you "remove AUs X, Y, Z" when you got a new sale.  That was fine, when they were selling lines on cards every month.  Now with more cards, you might not see a sale for months, meaning the AU may sit on the card longer than necessary.

I may be wrong, and they may send out "remove AU" emails without having a new add, but all my "remove" emails have come with a new add, so I suspect if they have no new add for you, you don't get a remove email.

I'm checking in with them to confirm this, and try and get a fix, and make sure the portal either has a date you can remove after (like old company).

EDIT: You will indeed see on the portal information on when to remove the AUs.

I figured that was the case. Thanks for the validation.

TomTX

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has it been determined that we will NO LONGER receive email notification we need to add an AU but that we should periodically log into the online dashboard and see if they have assigned us any TASKS?

When I sign in, I see my TASKS tab has a lot of RED letters, but it doesn't appear I have anything to add.

That's a good point. With all the RED and current formatting it seems like the tasks page is SCREAMING FOR ATTENTION.... that there are no tasks...

Leni2010

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I have my info to sign up ready to go, but there are two things holding me back.  I know there's a separate thread for it, but still unsure how to report the income and how it will be taxed.  More relevant to this thread is are any of you concerned that all of these AUs have your home address?  Is there any way to scrub it from their credit report once they're done getting their boost?

katsiki

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More relevant to this thread is are any of you concerned that all of these AUs have your home address?  Is there any way to scrub it from their credit report once they're done getting their boost?

I am not.  All of the AUs I had from old TL co were from other states also.  You could get a PO BOX for this if you were truly concerned.

arebelspy

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I have my info to sign up ready to go, but there are two things holding me back.  I know there's a separate thread for it, but still unsure how to report the income and how it will be taxed.  More relevant to this thread is are any of you concerned that all of these AUs have your home address?  Is there any way to scrub it from their credit report once they're done getting their boost?

I don't personally turn down free money because I'll have to pay some of it in taxes.  Even if you only keep, say, 60% of it, and pay 40%.. why wouldn't you take the 60% of something, rather than 100% of nothing?  In any case, you'll get a W9 from the company, and you'll report it on your taxes.

I think your address falls off their report after a bit, yes.  No, I don't worry about it, but you could get a PO box and write off the expense.
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tj

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In any case, you'll get a W9 from the company, and you'll report it on your taxes.

You send your W9 to the company. The company sends you a 1099-MISC.

sol

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So do we have any idea about when chase and BofA cards might be viable again?  Never?

cheapass

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It's been radio silence on communication from the new company for a few days now. I saw an AU show up under "My Cards" but did not have anything under "My Tasks" and no email notifications, so I was wondering when I should add that new person. Submitted a help ticket and emailed customer service with no luck.

BeginnerStache

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So do we have any idea about when chase and BofA cards might be viable again?  Never?

From what I gather Chase has always been very iffy in terms of not getting your cards shut down. I am not sure a lot of folks use their Chase cards. I don't because I enjoy their travel rewards. 

TomTX

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It's been radio silence on communication from the new company for a few days now. I saw an AU show up under "My Cards" but did not have anything under "My Tasks" and no email notifications, so I was wondering when I should add that new person. Submitted a help ticket and emailed customer service with no luck.

Unless you are near the closing date for the card, just wait. The order could be cancelled or payment not go through.

arebelspy

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In any case, you'll get a W9 from the company, and you'll report it on your taxes.

You send your W9 to the company. The company sends you a 1099-MISC.

Hah, yes, that even. Thanks for the correction.  :)

So do we have any idea about when chase and BofA cards might be viable again?  Never?

They're likely to start tentatively testing B of A again soon with just one slot.  Old company is already using B of A again.

It's been radio silence on communication from the new company for a few days now. I saw an AU show up under "My Cards" but did not have anything under "My Tasks" and no email notifications, so I was wondering when I should add that new person. Submitted a help ticket and emailed customer service with no luck.

See earlier discussion.  Until you see something in My Tasks (and you should get an email when this happens), there is nothing for you to do (and no reason for the company to contact you).  :)
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arebelspy

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Some of you may still get emails the old way, with AU info. These won't be in the portal. You'll know if you get it.

That's because old orders made in the old system made pre-portal launch will need to be finished out that way.  All new orders are through the portal.

Either way, you'll get an email (to check the portal, or with the AU info), just letting you know that if it's the direct email (not just the notification you have a sale in the portal), it won't show up in the portal.
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Padonak

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So do we have any idea about when chase and BofA cards might be viable again?  Never?

The old company doesn't accept new BofA cards. The new company accepts them but marks them as "resting" meaning you can't use them for selling tradelines.

arebelspy

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So do we have any idea about when chase and BofA cards might be viable again?  Never?

The old company doesn't accept new BofA cards. The new company accepts them but marks them as "resting" meaning you can't use them for selling tradelines.

This is the latest:
They're likely to start tentatively testing B of A again soon with just one slot.  Old company is already using B of A again.
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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FrugalSaver

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3rd month has gone by and still no sales.  Now I wait until the 1st of the month for my next active card to cycle through.

Been fully signed up since 1/2/17

Fingers crossed

TWoK

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I'm a credit card churner with 0 credit card balances, but no less than 20 credit cards opened at a time. I have several with high limits, $20-30k that have been opened more than 10 years, so this seems fairly interesting to me. I guess one big thing I worry about is how do I know these people haven't charged off debt with this creditor before. I know from the bit of reading I've done in this thread that AMEX cards aren't eligible, but that's exactly what gets you FR'ed and shut down for GOOD, adding an authorized user who charged off AMEX debt. Similar with Chase AFAIK.

The post a bit up thread about the strange call with Capital One sounds exactly like what happened. Not to mention the expensive algorithms and link analysis these companies purchase to detect fraud are going to find cards that have been sitting in a "sock drawer" and all of the sudden have small charges with new AU's and flag them in no time.

arebelspy

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I'm a credit card churner with 0 credit card balances, but no less than 20 credit cards opened at a time. I have several with high limits, $20-30k that have been opened more than 10 years, so this seems fairly interesting to me. I guess one big thing I worry about is how do I know these people haven't charged off debt with this creditor before. I know from the bit of reading I've done in this thread that AMEX cards aren't eligible, but that's exactly what gets you FR'ed and shut down for GOOD, adding an authorized user who charged off AMEX debt. Similar with Chase AFAIK.

The post a bit up thread about the strange call with Capital One sounds exactly like what happened.

With how infrequently cards are cancelled (Mustachians combined have made well over six figures in the last six months on this, and we've had 2 cards cancelled, both B of A, both this month, due to a B of A audit that was going on).

The CC companies don't care if the AU has a charged off debt from them. They won't open new credit for them, but they don't care if you add them as an AU, simply because you are then responsible for the debt, since you are responsible for any charges the AU makes.  So even if the CC company views them as a deadbeat that didn't pay their bills, it's not like they can skip out on this payment, since you've agreed to pay it. (And, of course, keep in mind for your peace of mind the AU has no way to actually make a charge).

Quote
Not to mention the expensive algorithms and link analysis these companies purchase to detect fraud are going to find cards that have been sitting in a "sock drawer" and all of the sudden have small charges with new AU's and flag them in no time.

In theory, yes.

They don't seem to bother.

That could change one day, but for now, I'll take the money.

If it makes you worried, definitely don't do it.  There's no reason to be awake at night over money.  :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."

Louisville

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ARebelSpy,
First of all, thanks for turning us on to this.
Second, dude, are you sick of dealing with this?  Just responding on this thread looks like a full time job.

Shade00

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Got my first email to process an add today. Guess I will give it a go.

EDIT: And it's done. Clicked complete through the portal so it shows as being added to the card. The portal still shows my other Discover slot as being filled, but I haven't yet received a request to add it.
« Last Edit: March 24, 2017, 10:30:27 AM by Shade00 »

boarder42

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ARebelSpy,
First of all, thanks for turning us on to this.
Second, dude, are you sick of dealing with this?  Just responding on this thread looks like a full time job.

referrals are worth money too.  plus he's retired.
PM me about how to save 6% on your annual grocery Bill!

There is a 35k starwood bonus right now as well. PM me for the info.

Car Jack

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Got my first email to process an add today. Guess I will give it a go.

EDIT: And it's done. Clicked complete through the portal so it shows as being added to the card. The portal still shows my other Discover slot as being filled, but I haven't yet received a request to add it.

When did you finish your paperwork?  Still patiently waiting myself but I know they probably have 1,000,000,000 cards to fill before they get to mine.

dlawson

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I'll add another DP now that I have one: just got my first Add after signing up in late December. I got an email notification that I needed to take action in the portal, as expected. So everything appears to be running smoothly now, at least for me.

Card is a 20-month-old Barclay with a $11k limit.

secondcor521

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I'll add another DP now that I have one: just got my first Add after signing up in late December. I got an email notification that I needed to take action in the portal, as expected. So everything appears to be running smoothly now, at least for me.

Card is a 20-month-old Barclay with a $11k limit.

I think sales might be picking up.  I have had a few sales both with the old and new companies on two of my cards.  I just got a sale yesterday on a third card that had never had sales before ($25K USBank ~16 months old).

I still wonder how the company allocates sales across all our cards.  Doesn't really matter much, but I was an engineer before and like to know how things work.
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TWoK

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I'm a credit card churner with 0 credit card balances, but no less than 20 credit cards opened at a time. I have several with high limits, $20-30k that have been opened more than 10 years, so this seems fairly interesting to me. I guess one big thing I worry about is how do I know these people haven't charged off debt with this creditor before. I know from the bit of reading I've done in this thread that AMEX cards aren't eligible, but that's exactly what gets you FR'ed and shut down for GOOD, adding an authorized user who charged off AMEX debt. Similar with Chase AFAIK.

The post a bit up thread about the strange call with Capital One sounds exactly like what happened.

With how infrequently cards are cancelled (Mustachians combined have made well over six figures in the last six months on this, and we've had 2 cards cancelled, both B of A, both this month, due to a B of A audit that was going on).

The CC companies don't care if the AU has a charged off debt from them. They won't open new credit for them, but they don't care if you add them as an AU, simply because you are then responsible for the debt, since you are responsible for any charges the AU makes.  So even if the CC company views them as a deadbeat that didn't pay their bills, it's not like they can skip out on this payment, since you've agreed to pay it. (And, of course, keep in mind for your peace of mind the AU has no way to actually make a charge).
Credit card companies really do care, which is why there's probably been issues with Chase. Again, AMEX has the most aggressive fraud detection and is the strictest, but their algorithms and financial review team/fraud team both find relationships to charge-offs incriminating. They have been known to close accounts just for sharing an address with someone who charged off. That being said, I don't think it isn't worth trying out. I don't care if my nearly 20-year-old USAA card is closed.

Quote
Quote
Not to mention the expensive algorithms and link analysis these companies purchase to detect fraud are going to find cards that have been sitting in a "sock drawer" and all of the sudden have small charges with new AU's and flag them in no time.

In theory, yes.

They don't seem to bother.

That could change one day, but for now, I'll take the money.

If it makes you worried, definitely don't do it.  There's no reason to be awake at night over money.  :)

I sent you a PM. I am interested in doing this for sure. Please refer me!
« Last Edit: March 24, 2017, 04:24:29 PM by TWoK »

arebelspy

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ARebelSpy,
First of all, thanks for turning us on to this.
Second, dude, are you sick of dealing with this?  Just responding on this thread looks like a full time job.

Haha.  No, I enjoy it.

Plus, I probably reply to the thread once to twice a day, plus PMs.  Maybe 5 minutes per day.

And have done so from: Australia, Malaysia, Thailand, Cambodia, Indonesia, The Philippines, New Zealand, and Japan.

If you know of any other "full time jobs" that are enjoyable, help other people make money, take about 5 minutes per day, and can be done anywhere in the world, please let me know.  I'm retired, but definitely willing to take on maybe 2-3 more full time jobs that fit that description.  But no more.  ;)


Got my first email to process an add today. Guess I will give it a go.

EDIT: And it's done. Clicked complete through the portal so it shows as being added to the card. The portal still shows my other Discover slot as being filled, but I haven't yet received a request to add it.

Nice!

The first add (and then the first payment) is such a good feeling.  :)

I'll add another DP now that I have one: just got my first Add after signing up in late December. I got an email notification that I needed to take action in the portal, as expected. So everything appears to be running smoothly now, at least for me.

Card is a 20-month-old Barclay with a $11k limit.

Took me a second to figure out you meant "data point."  That's not usually what those letters mean.  ;)

Got my first email to process an add today. Guess I will give it a go.

EDIT: And it's done. Clicked complete through the portal so it shows as being added to the card. The portal still shows my other Discover slot as being filled, but I haven't yet received a request to add it.

When did you finish your paperwork?  Still patiently waiting myself but I know they probably have 1,000,000,000 cards to fill before they get to mine.

When paperwork was finished is 100% irrelevant now, with the portal up.  :)

As long as your cards are enrolled in the portal, they're available for sale, and it doesn't matter if your paperwork was done and you've been with the company since 2011, or if you finished the paperwork two weeks ago and put your cards in.

All sales now (well, besides a few stragglers already made under the old system and just being completed, but all new sales) are through the portal.  If your cards are in there, you're good, and when the paperwork was done doesn't matter.

I still wonder how the company allocates sales across all our cards.  Doesn't really matter much, but I was an engineer before and like to know how things work.

They put all the cards out (with generic info: issuer, limit, closing date, age) to the AUs, who then pick one.  It's up to the AUs to pick, the company doesn't "allocate" sales.

Credit card companies really do care, which is why there's probably been issues with Chase. Again, AMEX has the most aggressive fraud detection and is the strictest, but their algorithms and financial review team/fraud team both find relationships to charge-offs incriminating. They have been known to close accounts just for sharing an address with someone who charged off. That being said, I don't think it isn't worth trying out. I don't care if my nearly 20-year-old USAA card is closed.

Amex doesn't work because of how it reports (when you add an AU, it reports on their CC with the date they were added as the opening date, not the original opening date, so it looks like a brand new card, even if it's 10 years old).  Has nothing to do with their fraud, and if they changed that tomorrow, Amex would be on the table.

That being said, you're right that some companies care more than others (e.g. Chase).  Some (Barclays, for example) don't seem to care at all.  Again, that could change, so you need to be okay with a card being closed.

I sent you a PM. I am interested in doing this for sure. Please refer me!

I did not get a PM from you, though I did get an email through the forum email portal (not PM--they're different icons under the username, which is why I put a link to the PM page). I haven't processed my inbox yet today, if that was you, I will reply soon. :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."