Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 185489 times)

dlawson

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Just completed the add on that Barclay. I forgot to give them the home address for the AU, even though it was listed in the portal. I assume it's not an issue as long as the SSN and name are there and entered correctly, but we'll see.

FrugalZony

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Got a sale today! Thanks ARS!
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arebelspy

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Just completed the add on that Barclay. I forgot to give them the home address for the AU, even though it was listed in the portal. I assume it's not an issue as long as the SSN and name are there and entered correctly, but we'll see.

I'd call and get it added. Worth the 5 minute call to help ensure making $200 (or whatever). It may work, but it may not.
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ZagNation

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I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.
Sadly I am in the same boat; Citi card @ $13,200 issued 7/10 and a Discover card @ $29,500 issued 7/14. It's only been a month so although no bites before either closing dates the prior weekend, I am still hopeful and along for the ride!
Got my first add, finally! It was on the Citi card so I added the AU online to ensure all the information was accurate and followed that up with a phone call to provide the SSN. Hopefully this is the first sale of many, thank you ARS!

frogstomp81

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Anyone that is using an EIN, have you gotten adds/paid without adding your SSN to the profile section of the online portal? I tried entering my EIN for the SSN field but it wouldn't recognize it as a valid SSN. I have submitted my W-9 with my EIN on it.

Joel

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Anyone that is using an EIN, have you gotten adds/paid without adding your SSN to the profile section of the online portal? I tried entering my EIN for the SSN field but it wouldn't recognize it as a valid SSN. I have submitted my W-9 with my EIN on it.

I provided an EIN initially and got my first add this month.

tj

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Anyone that is using an EIN, have you gotten adds/paid without adding your SSN to the profile section of the online portal? I tried entering my EIN for the SSN field but it wouldn't recognize it as a valid SSN. I have submitted my W-9 with my EIN on it.

I provided an EIN initially and got my first add this month.


I didn't add that info to the portal. I've been paid, but i haven't had any adds through the portal yet.

arebelspy

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Got my first add, finally! It was on the Citi card so I added the AU online to ensure all the information was accurate and followed that up with a phone call to provide the SSN. Hopefully this is the first sale of many, thank you ARS!

Nice.  Glad to hear they're starting to roll in for people who haven't had some yet.  :)

Anyone that is using an EIN, have you gotten adds/paid without adding your SSN to the profile section of the online portal? I tried entering my EIN for the SSN field but it wouldn't recognize it as a valid SSN. I have submitted my W-9 with my EIN on it.

Was that part of the signup for the portal?  I didn't go in and fill out any profile info after signing up, IIRC.  Just added the CCs to that tab.
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NinetyFour

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I just received 3 cards for my new AUs (2 for my Barlay card and 1 for my Cap One card).  I believe the company owner suggested that I activate them and make charges on them in a "random" manner.  But I saw that Rebel has never activated any of his cards (right, Joe?).  So I'm not sure what to do.  What have others done?

Thanks in advance.
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katsiki

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I have my first sale pending with new TL co.  For old TL co, I never activated or used the AU cards.  I always shredded them (when they were actually delivered - some get returned by USPS, it seems).
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ducky19

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Excellent! I just received my first add through the portal - I noticed a few days ago that there was a name listed under my Capital One card, but just received the email notification today. Looking forward to a more automated approach!

FrugalZony

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I received my first two adds through the portal today, thanks ARS!
I added them online first and then I called in the SSN's on two different phone calls, about 30 min apart from each other.
On the second call they asked me to specify relationship, which is something they never had asked me about before.
Had I had more time, I would have waited, but my statement date is tomorrow.
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katsiki

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Started working on my first AU and ran into an address issue.  Discover said USPS had a better address.  It included an extra letter and seems likely to be correct.  I messaged the co using the help desk link.  Is that the best way to handle such cases?  I assume that they will respond quick enough for me to make the add.
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ZagNation

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I received my first two adds through the portal today, thanks ARS!
I added them online first and then I called in the SSN's on two different phone calls, about 30 min apart from each other.
On the second call they asked me to specify relationship, which is something they never had asked me about before.
Had I had more time, I would have waited, but my statement date is tomorrow.
Just received my second sale on the same Citi card with the billing cycle closing on 4/2. Thus far when I have called Citi to provide the SSN, it has been mid-afternoon, classic lunch time, or during the morning on Saturday or Sunday. I've simply stated I'd like to update some information on an authorized user; I'd like to include their SSN. Thanks for your assistance today.

If you don't mind sharing FrugalZony, what was your response to please specify the relationship? I would have said business associate.

Shade00

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Started working on my first AU and ran into an address issue.  Discover said USPS had a better address.  It included an extra letter and seems likely to be correct.  I messaged the co using the help desk link.  Is that the best way to handle such cases?  I assume that they will respond quick enough for me to make the add.

Good question - I would like to know the answer for the future as well. I just added another AU to my Discover and it offered me a "correct" address, but it was the difference between using "#" vs "Apt." to designate an apartment number. It doesn't make much difference as far as I know so I stuck with the info given to me by the company, since I assume that is how the buyer put the information in.

Anyway, I now have both slots filled on my Discover card. Fantastic! Both Discover adds have been instantaneous and without issue. I'm hoping that my Citi Visa sells something sooner or later. It's 8 years old but only has a $10,710 limit.

arebelspy

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But I saw that Rebel has never activated any of his cards (right, Joe?).

Correct. You can shred any cards you receive.

I have my first sale pending with new TL co.

I just received my first add through the portal

I received my first two adds through the portal today, thanks ARS!

Just received my second sale on the same Citi card with the billing cycle closing on 4/2.

Anyway, I now have both slots filled on my Discover card. Fantastic! Both Discover adds have been instantaneous and without issue.

Nice!  Sounds like things are picking up. 

It took a bit, but with the portal rolling, hopefully some of those that haven't seen sales yet will soon, within the next cycle or two.

I added them online first and then I called in the SSN's on two different phone calls, about 30 min apart from each other.
On the second call they asked me to specify relationship, which is something they never had asked me about before.
Had I had more time, I would have waited, but my statement date is tomorrow.

This is just a question on their checklist, they don't actually care.  Usually you have to select it online already, either "Spouse" or "Other" (and you choose the latter, obviously).  ZagNation's suggestion of "Business Associate" is good for something to say if they ask on the phone. They'll just select the "other" option then on their screen.

Started working on my first AU and ran into an address issue.  Discover said USPS had a better address.  It included an extra letter and seems likely to be correct.  I messaged the co using the help desk link.  Is that the best way to handle such cases?  I assume that they will respond quick enough for me to make the add.

I use the address given, not the USPS suggested one.
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FrugalSaver

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woohoo!  After nearly 3 months I received my first 2 adds today.  I'm going to scan the thread but if someone could answer this for me:

1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)

2) I notice 2 adds today.  I've heard people say you shouldn't add two at a time for risk of having the card shut down.  Is that true or is it ok to add the 2 AU's right now?

arebelspy

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woohoo!  After nearly 3 months I received my first 2 adds today.  I'm going to scan the thread but if someone could answer this for me:

1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)

2) I notice 2 adds today.  I've heard people say you shouldn't add two at a time for risk of having the card shut down.  Is that true or is it ok to add the 2 AU's right now?

1) You'll do the add online with DOB and all the other info, then call and ask the rep to add the SSN. Or you can do the whole add on the phone, but most of us find the former (just SSN on the phone) easier.

2) Adding 2 at a time is fine. What you don't want to do is add two AUs to separate cards on one call (e.g. say you have two Citi cards, and got an AU on both. Add one, hang up, call back, add the other... if you are adding to the same card, it's fine).  And anything online is fine.  Also try not to do remove and adds in the same call.  Remove everyone first, then do adds on a separate call.  But again, anything online is fine.  As much as you can do online, do that, and just call for the stuff you can't (like adding SSNs, for certain companies).  :)
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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DavidAnnArbor

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woohoo!  After nearly 3 months I received my first 2 adds today.  I'm going to scan the thread but if someone could answer this for me:

1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)

2) I notice 2 adds today.  I've heard people say you shouldn't add two at a time for risk of having the card shut down.  Is that true or is it ok to add the 2 AU's right now?

1) You'll do the add online with DOB and all the other info, then call and ask the rep to add the SSN. Or you can do the whole add on the phone, but most of us find the former (just SSN on the phone) easier.

2) Adding 2 at a time is fine. What you don't want to do is add two AUs to separate cards on one call (e.g. say you have two Citi cards, and got an AU on both. Add one, hang up, call back, add the other... if you are adding to the same card, it's fine).  And anything online is fine.  Also try not to do remove and adds in the same call.  Remove everyone first, then do adds on a separate call.  But again, anything online is fine.  As much as you can do online, do that, and just call for the stuff you can't (like adding SSNs, for certain companies).  :)

Yes anything you can do online is better than with a representative, because then you don't have to worry that the representative misunderstood you and added an incorrect name or something.

So on that note, can a Citicard be added online ?  I thought it was a call to the customer support person.

arebelspy

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So on that note, can a Citicard be added online ?  I thought it was a call to the customer support person.

I do my Citi online, but I can't remember if I have to call after w/ extra info or not (haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend).

I know I definitely add online though for it, but it may also have a call after, I can't say for certain without going through the online add screen and seeing what info they ask for.  You want a minimum of Name, DOB, and SSN.  Address is a bonus (but not sufficient to replace those, so if you do Name, DOB, and Address online, like some allow, call to add SSN).
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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DavidAnnArbor

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haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend

So is that the secret to increasing credit lines?  Bumping up spending significantly on a card?

FrugalSaver

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woohoo!  After nearly 3 months I received my first 2 adds today.  I'm going to scan the thread but if someone could answer this for me:

1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)

2) I notice 2 adds today.  I've heard people say you shouldn't add two at a time for risk of having the card shut down.  Is that true or is it ok to add the 2 AU's right now?

Thanks.  Do you have a link to the script or typical questions and answer one can expect when making the call?  I recall some posts about that but can't seem to find them in the 19 page thread.
1) You'll do the add online with DOB and all the other info, then call and ask the rep to add the SSN. Or you can do the whole add on the phone, but most of us find the former (just SSN on the phone) easier.

2) Adding 2 at a time is fine. What you don't want to do is add two AUs to separate cards on one call (e.g. say you have two Citi cards, and got an AU on both. Add one, hang up, call back, add the other... if you are adding to the same card, it's fine).  And anything online is fine.  Also try not to do remove and adds in the same call.  Remove everyone first, then do adds on a separate call.  But again, anything online is fine.  As much as you can do online, do that, and just call for the stuff you can't (like adding SSNs, for certain companies).  :)

FrugalSaver

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woohoo!  After nearly 3 months I received my first 2 adds today.  I'm going to scan the thread but if someone could answer this for me:

1) when using the online portal to add the AU, there was no field for the SSN yet the email i received said to add the dob AND the SSN (dob field was on the capital one site but not the SSN)

2) I notice 2 adds today.  I've heard people say you shouldn't add two at a time for risk of having the card shut down.  Is that true or is it ok to add the 2 AU's right now?

1) You'll do the add online with DOB and all the other info, then call and ask the rep to add the SSN. Or you can do the whole add on the phone, but most of us find the former (just SSN on the phone) easier.

2) Adding 2 at a time is fine. What you don't want to do is add two AUs to separate cards on one call (e.g. say you have two Citi cards, and got an AU on both. Add one, hang up, call back, add the other... if you are adding to the same card, it's fine).  And anything online is fine.  Also try not to do remove and adds in the same call.  Remove everyone first, then do adds on a separate call.  But again, anything online is fine.  As much as you can do online, do that, and just call for the stuff you can't (like adding SSNs, for certain companies).  :)


Also, I forgot to ask.  The Capital One web interface only allows First Name, Last Name and DOB.  When I call in, should I also add their address over the phone? 

Finally, I believe it's been made clear that no cards are mailed to their address but are sometimes / often (but not always) mailed to my address.  Can you confirm?

arebelspy

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haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend

So is that the secret to increasing credit lines?  Bumping up spending significantly on a card?

I don't know that there's a secret.

Most the companies just increase me every three months when I ask (Discover, Barclay, B of A, Chase, etc.).  When they don't, they send a reason, like "Most recent credit increase too recent" or "Too much available credit" or whatever.  Citi keeps sending me one about not using the card frequently enough to warrant an increase.

Thanks.  Do you have a link to the script or typical questions and answer one can expect when making the call?  I recall some posts about that but can't seem to find them in the 19 page thread.

I don't, I think there was something in the old thread (link to that in the OP, but again, you'd have to dig).  Maybe someone has that bookmarked.

You shouldn't need it, it's really straightforward, just have the AU info in front of you, tell them you want to add an authorized user. They'll ask the name, dob, etc.  Then you say thanks and hang up.  :)


Also, I forgot to ask.  The Capital One web interface only allows First Name, Last Name and DOB.  When I call in, should I also add their address over the phone?

Yeah, I probably would.  SSN may be all you need, but I try to add as much info as possible.

Quote
Finally, I believe it's been made clear that no cards are mailed to their address but are sometimes / often (but not always) mailed to my address.  Can you confirm?

Correct.  I always confirm that the card is coming to MY address, not theirs that I just added.  That's standard policy for all of them, but it makes me feel better to hear them say it.  :)
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FrugalSaver

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What dumb luck.  Apparently a card was shipped to me about 3 weeks ago for new chip and pin changing my credit card number, etc.  I should receive the card within 21 days but I wasn't able to add the AU's until I Have that new card number.

Now the date by which I have to add them by may pass me by before I get the new card and I'll have to wait again. Oddly enough, the Payment Due Date for this card shows as "1" so maybe I have a little time before the opportunity this month slips past. 

What are the odds!!!!

RedwoodDreams

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haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend

So is that the secret to increasing credit lines?  Bumping up spending significantly on a card?

I added a Discover card that I rarely used to the system a while back that started with a limit of 10000. When I asked Discover for an increase every few months, they only gave me $500 on two separate occasions. Discover started offering 5% cash back on Amazon one quarter, so I made it my default payment card in Amazon for the fourth quarter of last year. Just now I went to ask Discover for another line increase, and this time they boosted it $4700 (!), no credit check, so I can only speculate that this has to do with my increased use of the card. (??)

erutio

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Where can we find out how many spots for each different creditor the company recommends selling?

ducky19

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Also, I forgot to ask.  The Capital One web interface only allows First Name, Last Name and DOB.  When I call in, should I also add their address over the phone? 

Finally, I believe it's been made clear that no cards are mailed to their address but are sometimes / often (but not always) mailed to my address.  Can you confirm?

That's odd - my Capital One interface is the only one that I can enter SS# on. I don't bother adding an address... My first two adds posted fine, but now wondering if I should call in the address for this latest one...?

DavidAnnArbor

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haven't had an add in awhile on that one--card limit sucks, 7k, and they won't bump without me using it a bunch, which I don't want to do since I have better places to put spend

So is that the secret to increasing credit lines?  Bumping up spending significantly on a card?

I added a Discover card that I rarely used to the system a while back that started with a limit of 10000. When I asked Discover for an increase every few months, they only gave me $500 on two separate occasions. Discover started offering 5% cash back on Amazon one quarter, so I made it my default payment card in Amazon for the fourth quarter of last year. Just now I went to ask Discover for another line increase, and this time they boosted it $4700 (!), no credit check, so I can only speculate that this has to do with my increased use of the card. (??)

Thanks for that datapoint.  Somehow I need to start spending more on the cards I'm using for tradelines.

FrugalSaver

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Also, I forgot to ask.  The Capital One web interface only allows First Name, Last Name and DOB.  When I call in, should I also add their address over the phone? 

Finally, I believe it's been made clear that no cards are mailed to their address but are sometimes / often (but not always) mailed to my address.  Can you confirm?

That's odd - my Capital One interface is the only one that I can enter SS# on. I don't bother adding an address... My first two adds posted fine, but now wondering if I should call in the address for this latest one...?

I was able to procure my new card and activate after having added the AU's last night.  When I called in after activating the new card, I tried to have them add the address i was given, but the CSR told me they were already added and I ddin't need to do that. 

I added the SSN last night.  I then clicked the button on the tradeline website confirming i had added them.  I'll see what happens.

arebelspy

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Where can we find out how many spots for each different creditor the company recommends selling?

It shows under the card details in the my card tab.
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arebelspy

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Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.

FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days.  Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible).  If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days.  Leave them on until then.  :)
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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MasterStache

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Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.

FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days.  Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible).  If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days.  Leave them on until then.  :)

Thanks for the update. I was starting to wonder about Feb payments.

TWoK

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Thanks for the referral arebelspy. I submitted my documents today.

katsiki

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Started working on my first AU and ran into an address issue.  Discover said USPS had a better address.  It included an extra letter and seems likely to be correct.  I messaged the co using the help desk link.  Is that the best way to handle such cases?  I assume that they will respond quick enough for me to make the add.

I use the address given, not the USPS suggested one.

Thanks.  I did that.  No response yet on my support ticket but the AU was approved by Discover.  Fingers crossed...
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Started working on my first AU and ran into an address issue.  Discover said USPS had a better address.  It included an extra letter and seems likely to be correct.  I messaged the co using the help desk link.  Is that the best way to handle such cases?  I assume that they will respond quick enough for me to make the add.

I use the address given, not the USPS suggested one.

Thanks.  I did that.  No response yet on my support ticket but the AU was approved by Discover.  Fingers crossed...

Exact matching is better if you can manage it; you're less likely to run into problems that way.  But the credit bureaus do have inexact matching algorithms that work pretty well.  I had an AU sale where the last name was misspelled (long Russian name with a "b" versus a "v") and everything worked fine.
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sirdoug007

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Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.

FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days.  Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible).  If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days.  Leave them on until then.  :)

I got two adds recently. 

I had two AUs I added in late January.  I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response.  I proceeded to remove the previous AUs and am adding the new AUs.

Looking forward to some $$$ from the last cycle.

My 16 year old 20k Discover card seems to be doing well.

MasterStache

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Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.

FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days.  Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible).  If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days.  Leave them on until then.  :)

I got two adds recently. 

I had two AUs I added in late January.  I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response.  I proceeded to remove the previous AUs and am adding the new AUs.

Looking forward to some $$$ from the last cycle.

My 16 year old 20k Discover card seems to be doing well.

My understanding is you shouldn't remove AUs until told to do so by the company. I still have a couple from early Jan that I haven't removed yet. 

sirdoug007

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Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.

FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days.  Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible).  If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days.  Leave them on until then.  :)

I got two adds recently. 

I had two AUs I added in late January.  I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response.  I proceeded to remove the previous AUs and am adding the new AUs.

Looking forward to some $$$ from the last cycle.

My 16 year old 20k Discover card seems to be doing well.

My understanding is you shouldn't remove AUs until told to do so by the company. I still have a couple from early Jan that I haven't removed yet.

If I didn't have a request for two more adds and it hadn't been 60 days since the initial adds, I would have left them. 

The typical cycle is 2 months correct?

MasterStache

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Feb payments should be out this week, for those who haven't gotten paid for any Feb sales yet.

FYI--don't remove AUs just because you are paid, they need to stay on for at least 60 days.  Less activity is better anyways in terms of your card not getting red flagged by the CC companies (i.e. quick removals look more suspicious than longer ones), so leaving them on longer if you have no sales is better (90 days if possible).  If you get a sale, you'll be informed via email, and told to remove the AU, otherwise you'll get an email to remove them after 90 days.  Leave them on until then.  :)

I got two adds recently. 

I had two AUs I added in late January.  I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response.  I proceeded to remove the previous AUs and am adding the new AUs.

Looking forward to some $$$ from the last cycle.

My 16 year old 20k Discover card seems to be doing well.

My understanding is you shouldn't remove AUs until told to do so by the company. I still have a couple from early Jan that I haven't removed yet.

If I didn't have a request for two more adds and it hadn't been 60 days since the initial adds, I would have left them. 

The typical cycle is 2 months correct?

I think the minimum is 60 days.

Shade00

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Will they accept cards with under 2 years history? My wife's Discover is approaching two years (June, I think) but has a limit of $17k or so.

katsiki

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Will they accept cards with under 2 years history? My wife's Discover is approaching two years (June, I think) but has a limit of $17k or so.

They took 2 of mine at 18 months previously.  I would give it a try.
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arebelspy

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I got two adds recently. 

I had two AUs I added in late January.  I sent an email to confirm I should remove the old AUs that had been on two months and add the new ones but no response.  I proceeded to remove the previous AUs and am adding the new AUs.

Looking forward to some $$$ from the last cycle.

My 16 year old 20k Discover card seems to be doing well.

If it was 60 days, you should be fine.

Discover can handle more slots, so I'd have looked at how many you had filled on the portal to see, but not a big deal, IMO.

You should email them to notify them you removed the Jan ones.

Will they accept cards with under 2 years history? My wife's Discover is approaching two years (June, I think) but has a limit of $17k or so.

So the general guideline right now is > 2 years old, >10k limit.

They will take cards with < 2 years history, if it has a large limit, and they will take cards < 10k, if they're very old, which is why the payment schedule lists them--many Mustachians have enrolled cards < 2 years, or <10k (though not both, obviously).

Worth a shot to see if they're interested in the card, otherwise if it's too young, you can just wait a bit, and if the limit is too low, you can ask for a bump (something you should be doing constantly, anyways, to get the payment amount up).

If you have a Discover that's 17k and only two months from two years, I bet they'd take it.  Might as well try to bump it to 21k or so too, if possible, to make it more appealing.
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ducky19

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My Cap One had a limit of $7k but was 13 years old. I've actually seen a lot of action on it. I recently consolidated my other Cap One account with it to bump it up to a $12k limit, so hoping to see some additional action. Just had one more add last week on it. Definitely ask, it never hurts!

arebelspy

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My Cap One had a limit of $7k but was 13 years old. I've actually seen a lot of action on it. I recently consolidated my other Cap One account with it to bump it up to a $12k limit, so hoping to see some additional action.

And even if you're seeing the same action, you're now getting $150 per add instead of $100 (assuming you put me as the referrer, which I know you did per our PMs, but just adding that caveat, since it's not a blanket thing, but just if one is on the Mustachian referral fee schedule).

50% more profit seems pretty good.  :)

IMO that's one of the biggest things you can do to increase TL monies coming in--keep bumping those credit limits up.
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Malaysia41

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I'm undecided. I have a BofA card with old company $44k limit, 16 years old. Two trade lines are ready to remove and two new lines are in the queue to add.

I was thinking of putting my BofA on hold for a bit since some people reported theirs being closed. But now I'm thinking, well, if' the heat's off, why pass on $450?

What do y'all think?  Any updates on the BofA shutdowns? I want some thoughts/perspective from the hive mind here before I proceed.
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arebelspy

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I'm undecided. I have a BofA card with old company $44k limit, 16 years old. Two trade lines are ready to remove and two new lines are in the queue to add.

I was thinking of putting my BofA on hold for a bit since some people reported theirs being closed. But now I'm thinking, well, if' the heat's off, why pass on $450?

What do y'all think?  Any updates on the BofA shutdowns? I want some thoughts/perspective from the hive mind here before I proceed.

New company is opening back up B of A soon (had convo with the owner about it a week ago, and he's planning on it, it's just low on the priority list with a bunch of other stuff taking precedence, like getting Feb payments out).

I'd be comfortable doing 1-2 lines on it.  It seems like all the people shut down had 3 AUs or more, no one with just 2 were shut down. As long as you remove the two first (via phone call), then add the other two separately (online or via call) so they don't overlap at all, I think you're good.
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.
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y3ll0wsubmarine

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Does anyone have any experience dealing with Capital One requesting identification documents for previous AUs? I was using a company last year that I've since stopped using, and Capital One just called me requesting documents for all AUs I've ever added.

I'm concerned that the old company won't provide these. Not sure where to go from here.

ducky19

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Yikes, have not had that experience yet! I would just be honest and let them know that you no longer have contact with those individuals and therefore can't comply with their request.

ducky19

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My Cap One had a limit of $7k but was 13 years old. I've actually seen a lot of action on it. I recently consolidated my other Cap One account with it to bump it up to a $12k limit, so hoping to see some additional action.

And even if you're seeing the same action, you're now getting $150 per add instead of $100 (assuming you put me as the referrer, which I know you did per our PMs, but just adding that caveat, since it's not a blanket thing, but just if one is on the Mustachian referral fee schedule).

50% more profit seems pretty good.  :)

IMO that's one of the biggest things you can do to increase TL monies coming in--keep bumping those credit limits up.

I honestly forgot all about that! That's definitely a great return on the 2 minutes it took me to combine those two lines of credit! Thanks ARS!