Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 509386 times)

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1179
  • Age: 38
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2300 on: March 23, 2018, 01:41:43 PM »
20 AUs added on one card.  Holy crap.

I don't think it's that many given it was over the course of a year and a half.  Works out to little over 1 per month.

Agreed.  Looks like I have had 25 on one card with old TL co in about 20 months.

frozen

  • 5 O'Clock Shadow
  • *
  • Posts: 79
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2301 on: March 23, 2018, 05:49:12 PM »
Iím curious if anyone uses Traveling Mailbox, a UPS store address, or similar service to protect their privacy when selling Tradelines. Or to protect the AU from being associated with your address?

Car Jack

  • Pencil Stache
  • ****
  • Posts: 807
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2302 on: March 25, 2018, 08:41:45 AM »
20 AUs added on one card.  Holy crap.

I don't think it's that many given it was over the course of a year and a half.  Works out to little over 1 per month.

I've been with the new company for about 14 months.  4 cards registered.  3 AUs total over that time.  That's where my response came from.

Arbit Trage

  • 5 O'Clock Shadow
  • *
  • Posts: 10
  • Location: WNC
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2303 on: March 25, 2018, 11:43:03 AM »
I'm just now getting into travel hacking/churning so I'm thinking selling TL might not be for me...has there been any updates on a third recommended company or is the 2nd still the preferred?

MsFrugalista

  • Stubble
  • **
  • Posts: 121
  • Age: 36
  • Location: Wandering around in a Winnebago
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2304 on: March 27, 2018, 07:26:20 PM »
Iím curious if anyone uses Traveling Mailbox, a UPS store address, or similar service to protect their privacy when selling Tradelines. Or to protect the AU from being associated with your address?

I use Traveling Mailbox for my primary mailing needs, but not for the reasons you have listed.

doggyfizzle

  • Bristles
  • ***
  • Posts: 307
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2305 on: March 29, 2018, 02:06:16 PM »
I have one BoA card with the "old" company. I only sell two TLs on it and since last fall they have been staggered where I only add/remove one per month. The company was resting the card for several months last summer.

So with that background in mind, something has changed with BoA. Previously, all the customer service reps followed the same script: destroy the card and any checks, you will still be responsible for any charges made, yadda yadda. Easy peasy. With the last two it's changed. On one call the rep asked my relationship with the AU. They also offered to issue a new account number of prevent future unauthorized use. On the other, the rep wanted to make sure the AU I was removing wasn't deceased. Again, they offered a new card and number.


Sent from my SM-T800 using Tapatalk

My recent experience exactly.  I removed 3 AUs on the same day (which I should have staggered) and added 4 more within a couple days.  Iím pretty sure I got shut down - I got a notice this morning on my AAA credit monitoring that BoA had posted a ďnegativeĒ comment to my credit report.  Itís still pending, but that card is definitely frozen and my online interface for my BoA credit cards has changed.  Not sure if calling is worth it; Iím sure the rep will still shut me down.  Fortunately I donít have a deep relationship with BoA (checking, investments) but I did enjoy the little bit of extra passive income while it lasted.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 27197
  • Age: -999
  • Location: Traveling the World
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2306 on: March 29, 2018, 03:30:48 PM »
The old tradeline company is looking for more cards.

After still more research, they are still only one of two companies that I'd recommend (and currently the main one I'd recommend, since the "new" company, as we've been calling it, has a huge glut of cards).

Criteria: Barclays, Capital One, Citibank, Discover, PNC, US Bank, USAA. Minimum $5k limit, minimum five years old. They will take cards that are younger if they have a very high limit, or cards that have a low limit, if they're very old. Doesn't hurt to ask on a particular card, but if it's newer and with a low-ish limit, it probably isn't useful for selling tradelines.

They obviously pay more for higher limits. Card age has no effect on payments with this company.

Here is their commission schedule:
Discover, Citibank, Barclays, US Bank, and PNC - 2 Month Cycle Commission:
    Limit $5,000 - $15,000 and 2+ years old - $75 per spot
    Limit $15,000 - $20,000 and 2+ years old - $125 per spot
    Limit $20,001 - $30,000 and 2+ years old - $175 per spot
    Limit $30,001 - $40,000 and 2+ years old - $200 per spot
    Limit $40,001 - or more 2+ years old - $225 per spot

 
Capital One and USAA - 3 Month Cycle Commission:
    Limit $5,000 - $15,000 and 2+ years old - $75 per spot
    Limit $15,000 - $20,000 and 2+ years old - $150 per spot
    Limit $20,001 - $30,000 and 2+ years old - $200 per spot
    Limit $30,001 - $40,000 and 2+ years old - $250 per spot
    Limit $40,001 - or more 5+ years old - $275 per spot

2/3 month cycle means you are paid that one amount to keep the AU on for 2 months or 3 months, respectively.


Disclaimer: I will get a referral commission when you sell AU spots, but you will get paid the same whether you use my referral or not--it will not reduce your payment to have me as the referral, and for this month, you'll make $150 more than you would otherwise due to the signup bonus.
« Last Edit: July 19, 2018, 06:45:20 AM by arebelspy »
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
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."

ducky19

  • Bristles
  • ***
  • Posts: 470
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2307 on: March 30, 2018, 07:34:04 AM »
I got the email yesterday from the "old" company. Comparing their payout schedule, I would be in the same bucket on the cards I could move, so I did. I already had one card enrolled with them and the fact that payment posted exactly when the portal said it would was reason enough to move more cards there. Bonus, I noticed I had a Barclay card that met the age requirement but only had a $4k limit. I requested a limit increase and was able to enroll that one as well! I'm keeping my fingers crossed that they have more volume than what I've been seeing with the "new" company. I still have one younger card with the "new" company that is starting to see some action, and will enroll another one that turns a year old in April. Overall, I'm not going to get rich off the extra income, but it's still a nice boost that I wasn't expecting a year ago! Thanks arebelspy - hope all is going well with you and the family!

FrugalSaver

  • Pencil Stache
  • ****
  • Posts: 526
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2308 on: March 30, 2018, 07:10:57 PM »
Is the December 2016/Jan 2017 company the ďnewĒ company?

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 27197
  • Age: -999
  • Location: Traveling the World
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2309 on: March 30, 2018, 07:24:44 PM »
Yes.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
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."

Padonak

  • Bristles
  • ***
  • Posts: 295
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2310 on: March 30, 2018, 08:04:37 PM »
Another data point about BofA. They blocked my card after i added 3 AUs. I called them and they re-activated the card. I will put this card on hold with a tradeline company and will see what happens to other AU sellers who report in this thread. If BofA continues to block or cancel accounts, I will not use their card for tradelines anymore.

frugalnacho

  • Magnum Stache
  • ******
  • Posts: 3146
  • Age: 35
  • Location: Madison Heights, Michigan
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2311 on: March 30, 2018, 09:31:14 PM »
I had 3 adds in Feb.  2 on my citi card ($75 each), and 1 on my BoA ($175).

I just noticed there was a $50 payment in my checking account 10 days ago (the description matches the payment I received several months ago for my first sale exactly, so it's the same tradeline company).  This is much sooner than I expected for any of these adds, and doesn't match any of the expected payments.  What's up with that?

doggyfizzle

  • Bristles
  • ***
  • Posts: 307
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2312 on: March 30, 2018, 10:38:35 PM »
Another data point about BofA. They blocked my card after i added 3 AUs. I called them and they re-activated the card. I will put this card on hold with a tradeline company and will see what happens to other AU sellers who report in this thread. If BofA continues to block or cancel accounts, I will not use their card for tradelines anymore.

I havenít called BoA yet about my blocked card; would you mind elaborating a little bit on how your phone conversation went?  It still shows in my online account, but itís clearly restricted since I canít even see the add authorized user link anymore (unlike on my other BoA card).

Padonak

  • Bristles
  • ***
  • Posts: 295
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2313 on: March 30, 2018, 10:40:06 PM »
Another data point about BofA. They blocked my card after i added 3 AUs. I called them and they re-activated the card. I will put this card on hold with a tradeline company and will see what happens to other AU sellers who report in this thread. If BofA continues to block or cancel accounts, I will not use their card for tradelines anymore.

I havenít called BoA yet about my blocked card; would you mind elaborating a little bit on how your phone conversation went?  It still shows in my online account, but itís clearly restricted since I canít even see the add authorized user link anymore (unlike on my other BoA card).

The message about restricted card includes the phone number, just call it. They asked me if AUs were added by me, i said yes, they unblocked the card.

Padonak

  • Bristles
  • ***
  • Posts: 295
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2314 on: March 30, 2018, 10:52:41 PM »
Also, when I called Citibank to add an AU to my card, they transferred me to their fraud department, asked a few questions to verify my identity and added AU.

I'm not counting on selling tradelines as a long term side gig. It's just a loophole, enjoy it while it lasts.

spot

  • 5 O'Clock Shadow
  • *
  • Posts: 14
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2315 on: March 31, 2018, 07:14:11 AM »
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?

Did they actually give a reason for the closure? What exactly did it say?

But yeah, you are unlikely to get it reopened if they closed it for tradelines. Call in, maybe you will get lucky.

I tried calling and the initial operator looking at my account saw something about authorized users, but couldn't give me further details and told me to call another number. I haven't called that other number yet. If I call and they ask why I added these people, I guess I can't lie and I'll tell the truth.


I just added my Discover with the "old" company and got two AUs. Went to remove them today on Discover's website, and got a message saying I had previously posted a fraud alert with a credit bureau and to call them. Guess this game is over.

BikeFanatic

  • Stubble
  • **
  • Posts: 197
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2316 on: March 31, 2018, 08:04:11 AM »
I have been selling tradelines for just over a year, I had myBOA closed down and now I have a restriction on my Capital
One account--probably they will be shutting me down as well bt maybe not.
Once Discover did that to me -- put a restriction on my account, and I called and they just wanted to verify the AU .  Like we have been told, do not enroll the cards that you can not afford to loose. I have made about 2K in that amount of time from tradelines. Nothing to sneeze at.
I was thinking of de enrolling my chase cards and  enrolling my Barclays in light of the shut downs. I noticed my Discover is resting with company number two.

spot

  • 5 O'Clock Shadow
  • *
  • Posts: 14
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2317 on: April 01, 2018, 04:00:50 AM »
Guys, my Discover card account just got closed due to them getting wise about tradelining. What should I do? Is there a chance they'll let me re-open the account? I knew it was part of the risks, but it sucks since I had a high credit limit with them...I guess this is going to ruin my credit score?

Did they actually give a reason for the closure? What exactly did it say?

But yeah, you are unlikely to get it reopened if they closed it for tradelines. Call in, maybe you will get lucky.

I tried calling and the initial operator looking at my account saw something about authorized users, but couldn't give me further details and told me to call another number. I haven't called that other number yet. If I call and they ask why I added these people, I guess I can't lie and I'll tell the truth.


I just added my Discover with the "old" company and got two AUs. Went to remove them today on Discover's website, and got a message saying I had previously posted a fraud alert with a credit bureau and to call them. Guess this game is over.


Yep. Sure enough got a secure message from Discover this morning saying they had closed my account. Cest la vie.

HipGnosis

  • Handlebar Stache
  • *****
  • Posts: 1378
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2318 on: April 01, 2018, 11:01:01 AM »
Question;
Are we suppose to put (at least) a small charge on all cards that are registered with a tradeline Co. every month or just the mo's that they have an AU?
I know to put a charge on all cards every few mo's to keep the account active.
 

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1179
  • Age: 38
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2319 on: April 01, 2018, 11:03:28 AM »
For those who had Discover cards shut down:

1) Did you have a discover checking or savings account also?
2) Did you have a balance on the card when shut down?


Curious if any of this would impact closure...

secondcor521

  • Handlebar Stache
  • *****
  • Posts: 1698
  • Age: 49
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2320 on: April 01, 2018, 11:43:40 AM »
Question;
Are we suppose to put (at least) a small charge on all cards that are registered with a tradeline Co. every month or just the mo's that they have an AU?
I know to put a charge on all cards every few mo's to keep the account active.

Just the months they have an AU.  Personally what I do is add the AU then make a small charge that day, then I make a small charge on that same account a day or two after my closing date each month as long as the AU is on the card.

The reason for the charge is so that the CC company reports the tradeline to the credit bureaus with the AU's name on it.  I suppose the CC companies don't necessarily report TL's with zero balances.

New company also recommends making a charge with the AU's card.  I don't do that and have never had a problem.

As for your last sentence, I've let many cards sit for over a year without a charge and they've remained open.  Personally I would say once a year is adequate.

TomTX

  • Magnum Stache
  • ******
  • Posts: 3069
  • Location: Texas
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2321 on: April 01, 2018, 12:10:52 PM »
Question;
Are we suppose to put (at least) a small charge on all cards that are registered with a tradeline Co. every month or just the mo's that they have an AU?
I know to put a charge on all cards every few mo's to keep the account active.

I always made sure to put at least 1 charge on every TL card every month, whether there is an AU or not.

My thought is that if you do get an audit, it shows regular activity on the card.

HipGnosis

  • Handlebar Stache
  • *****
  • Posts: 1378
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2322 on: April 01, 2018, 04:42:12 PM »
Question;
Are we suppose to put (at least) a small charge on all cards that are registered with a tradeline Co. every month or just the mo's that they have an AU?
I know to put a charge on all cards every few mo's to keep the account active.

Just the months they have an AU. 

at least 1 charge on every TL card every month, whether there is an AU or not. 
I'm a gonna need a tie breaker...

topshot

  • Stubble
  • **
  • Posts: 121
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2323 on: April 01, 2018, 05:01:18 PM »
I'm a gonna need a tie breaker...
LOL. I'd vote for every month if you want to appear less suspicious to the bank. To that end I've also decided to use them a bit more as well instead of just a charge or two.

For another post above, I had let my BoA acct sit dormant a couple years before getting a letter that it would be closed if I didn't call or make a charge by a certain time.

secondcor521

  • Handlebar Stache
  • *****
  • Posts: 1698
  • Age: 49
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2324 on: April 01, 2018, 05:54:03 PM »
I'm a gonna need a tie breaker...
LOL. I'd vote for every month if you want to appear less suspicious to the bank. To that end I've also decided to use them a bit more as well instead of just a charge or two.

For another post above, I had let my BoA acct sit dormant a couple years before getting a letter that it would be closed if I didn't call or make a charge by a certain time.

I agree with topshot and TomTX.  I conjecture that you're marginally less likely to get an account closed for piggybacking if it looks like you're using it as one of your regular cards.  Note there's no hard evidence, it's just common sense that a issuer will be more likely to shut you down the more you fit the "abusive user" profile.

Personally I have a preference for doing it my way, but that is due to my particular preferences / biases:  I don't really care if I get a card or an issuer shut down, I've got other things I'd rather do with my regular charging activity, and keeping track of charges across multiple piggybacking cards seems like more work than I'm willing to put in.  But that's just me; I can easily see the other side of the coin.

Padonak

  • Bristles
  • ***
  • Posts: 295
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2325 on: April 01, 2018, 06:25:00 PM »
If you have apple pay or google pay (what used to be Android pay), you can just add your cards there and use them every now and then. It's easier because you don't have to put your cards in your wallet every time you want to make a transaction. Most point of sale terminals have apple/google pay functionality.

Obviously, recurring online bills (e.g. cell phones, internet, netflix) are more convenient vs using your cards occasionally, but as a mustachian I only have a couple of recurring bills and also use one of them to meet spend requirements for signup bonuses for new cards. So it's easier for me just to pay with my phone for a small transaction occasionally using one of the tradeline cards with no recurring bills. Frugal mustachian people's problems.
« Last Edit: April 01, 2018, 06:30:58 PM by Padonak »

meatgrinder

  • Stubble
  • **
  • Posts: 101
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2326 on: April 02, 2018, 01:19:48 PM »
New company also recommends making a charge with the AU's card.  I don't do that and have never had a problem.

Since AU's have the same card number, I would think it doesn't matter? I've been calling to activate the AU cards which I'm not 100% sure if that is even required.

In terms of keeping cards active, I add them to Amazon and go down the list making $1 gift card reloads on each ($1.99 on discover since they cancel the balance! So rich...)

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 27197
  • Age: -999
  • Location: Traveling the World
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2327 on: April 02, 2018, 03:49:14 PM »
The old tradeline company is looking for more cards.

After still more research, they are still only one of two companies that I'd recommend (and currently the main one I'd recommend, since the "new" company, as we've been calling it, has a huge glut of cards).

Criteria: Minimum $5k limit, minimum two years old. Barclays, Capital One, Citibank, Discover, PNC, US Bank, USAA.

They obviously pay more for higher limits. Card age has no effect on payments with this company.

Here is their commission schedule (click to expand):
Spoiler: show
Discover, Citibank, Barclays, US Bank, and PNC - 2 Month Cycle Commission:
    Limit $5,000 - $15,000 and 2+ years old - $75 per spot
    Limit $15,000 - $20,000 and 2+ years old - $125 per spot
    Limit $20,001 - $30,000 and 2+ years old - $175 per spot
    Limit $30,001 - $40,000 and 2+ years old - $200 per spot
    Limit $40,001 - or more 2+ years old - $225 per spot

 
Capital One and USAA - 3 Month Cycle Commission:
    Limit $5,000 - $15,000 and 2+ years old - $75 per spot
    Limit $15,000 - $20,000 and 2+ years old - $150 per spot
    Limit $20,001 - $30,000 and 2+ years old - $200 per spot
    Limit $30,001 - $40,000 and 2+ years old - $250 per spot
    Limit $40,001 - or more 5+ years old - $275 per spot

2/3 month cycle means you are paid that one amount to keep the AU on for 2 months or 3 months, respectively.


They're also offering a $150 signup bonus this month--April 2018--for referrals, which I told them to give to you (that will be paid  with your first payment when your first AU posts).

If you originally got it when tradeline stuff started in July 2016 with "old company" it's the same info, but if you only ever signed up with "new company" post-January 2017, feel free to PM me for a referral for their information.  :)



Disclaimer: I will get a referral commission when you sell AU spots, but you will get paid the same whether you use my referral or not--it will not reduce your payment to have me as the referral, and for this month, you'll make $150 more than you would otherwise due to the signup bonus.

Talked to the old company today, apparently they hired a very effective marketing company recently, and now have more orders than cards, thus the signup bonus offered right now.

Anyone looking to switch over to them, which has been the most reliable company, now is the time to do it, with the $150 signup bonus if you use my referral, seems likely you will get orders. See the above quoted post for details.  :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
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."

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1179
  • Age: 38
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2328 on: April 02, 2018, 03:53:58 PM »
@arebelspy, does old TL company take previously used cards?  ie moving from new TL to old TL?

I thought one of the companies was concerned about that due to improper vetting by another co.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 27197
  • Age: -999
  • Location: Traveling the World
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2329 on: April 02, 2018, 03:58:26 PM »
This was a concern in the past, they specifically told me today they will take people moving from another company.

Make sure you do email the other company to remove the cards though (you don't want sales on both overloading your number of slots, nor to have to cancel on one of them after they sell a slot, and it is against the terms and conditions of the companies to have your card enrolled with anyone else but them).
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
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."

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1179
  • Age: 38
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2330 on: April 02, 2018, 03:59:57 PM »
This was a concern in the past, they specifically told me today they will take people moving from another company.

Make sure you do email the other company to remove the cards though (you don't want sales on both overloading your number of slots, nor to have to cancel on one of them after they sell a slot, and it is against the terms and conditions of the companies to have your card enrolled with anyone else but them).

Thank you, sir!  You covered all of the bases as usual.

P.S. Thanks again for sharing this little moneymaker!

frugalnacho

  • Magnum Stache
  • ******
  • Posts: 3146
  • Age: 35
  • Location: Madison Heights, Michigan
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2331 on: April 03, 2018, 12:38:23 PM »
I had 3 adds in Feb.  2 on my citi card ($75 each), and 1 on my BoA ($175).

I just noticed there was a $50 payment in my checking account 10 days ago (the description matches the payment I received several months ago for my first sale exactly, so it's the same tradeline company).  This is much sooner than I expected for any of these adds, and doesn't match any of the expected payments.  What's up with that?

Anyone?  The $50 payment doesn't match up with any of my sales, and it's way too early for any of them to be paid out anyway.  I'm just going to wait and see how it all shakes out before I contact the company though. Seems weird.

The sign up bonus for moving to the old company sounds nice, but I seem to be getting consistent sales on the new company.  Just had another AU added to my BoA.  Up to $500 for 2018.

ducky19

  • Bristles
  • ***
  • Posts: 470
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2332 on: April 03, 2018, 01:14:21 PM »
That's strange, nacho - let us know how that shakes out!

Things are starting to heat up for me, looks like 3/6 slots on my 3 cards with the "old" company have been sold pending verification, and I have two adds on one of my cards with the "new" company (also pending). As long as those all check out, will be up to $675 for the year. Last year was around $2500, but I also had one card that was a $200 card that had 9 AUs before they transitioned it from a Citi card to an AmEx making it worthless for tradelines. So not counting that card, I was at $725 for the entire year on the rest of my cards - I'm liking what I'm seeing here!

ducky19

  • Bristles
  • ***
  • Posts: 470
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2333 on: April 03, 2018, 01:39:02 PM »
Data point:

Capital One restricted one of my best cards last April after adding only 3 AUs on the card. They requested that I provide all sorts of information on each AU, and the tradeline company basically told me it was a lost cause - the card was going to be closed.

Fast forward to today: Capital One never did close the account, however there has been a restriction on it ever since. After reading an earlier post about calling and asking to have restrictions lifted, I decided I had nothing to lose and gave it a shot. Five short minutes later, they told me that after reviewing my account they couldn't see why the account should have been restricted and lifted it!

This card was opened in 2004 and had a $12k limit, so I submitted a credit limit increase request for a $16k limit. Hopefully that comes through as it would bump me from $150 to $175 per add! I just thought others who have had this happen might be interested!

MasterStache

  • Handlebar Stache
  • *****
  • Posts: 1700
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2334 on: April 03, 2018, 03:25:21 PM »
Data point:

Capital One restricted one of my best cards last April after adding only 3 AUs on the card. They requested that I provide all sorts of information on each AU, and the tradeline company basically told me it was a lost cause - the card was going to be closed.

Fast forward to today: Capital One never did close the account, however there has been a restriction on it ever since. After reading an earlier post about calling and asking to have restrictions lifted, I decided I had nothing to lose and gave it a shot. Five short minutes later, they told me that after reviewing my account they couldn't see why the account should have been restricted and lifted it!

This card was opened in 2004 and had a $12k limit, so I submitted a credit limit increase request for a $16k limit. Hopefully that comes through as it would bump me from $150 to $175 per add! I just thought others who have had this happen might be interested!

Good luck on the Cap One CL increase. They absolutely refused to budge on mine and my wife's card. They actually lowered my CL because I wasn't using the card enough.

ducky19

  • Bristles
  • ***
  • Posts: 470
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2335 on: April 04, 2018, 09:01:57 AM »
Thanks, although I'm not too worried about it. I'll be happy if I get a couple more sales out of it before they shut me down for good... lol!  Thankfully, CapOne already pissed me off from some travel that I'd booked through their travel portal (never again!), so it's really no loss to me if they shut it down again at some point. Until then, I'll hopefully get a few more sales out of it!

spot

  • 5 O'Clock Shadow
  • *
  • Posts: 14
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2336 on: April 04, 2018, 01:19:16 PM »
For those who had Discover cards shut down:

1) Did you have a discover checking or savings account also?
2) Did you have a balance on the card when shut down?


Curious if any of this would impact closure...

I did have a Discover savings account that I closed within the last year. I also did have a balance on the card for about $150. Don't know if it means anything, but their initial message said something to the effect of "You signed up for credit bureau fraud monitoring ..." I know I signed up for every kind of free protection I could get on all my cards after the Equifax breach. So maybe that had something to do with it.

kudy

  • Pencil Stache
  • ****
  • Posts: 945
  • Age: 36
  • Location: Northern Colorado
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2337 on: April 04, 2018, 06:07:26 PM »
Possibly related to AU activity - but I think it could also be something else - all 3 of my citibank cards were closed today. The front-line CSRs can't tell me anything and said I should wait for the letter in the mail. Maybe they think I'm a blowout risk? Does anyone have any experience with getting more info from citibank, or someone to talk to about reconsideration?

meatgrinder

  • Stubble
  • **
  • Posts: 101
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2338 on: April 04, 2018, 06:14:25 PM »
 
Possibly related to AU activity - but I think it could also be something else - all 3 of my citibank cards were closed today. The front-line CSRs can't tell me anything and said I should wait for the letter in the mail. Maybe they think I'm a blowout risk? Does anyone have any experience with getting more info from citibank, or someone to talk to about reconsideration?

How many AUs did you add and what was the frequency?  This is first I've heard of a Citi card going down potentially for AU.

kudy

  • Pencil Stache
  • ****
  • Posts: 945
  • Age: 36
  • Location: Northern Colorado
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2339 on: April 04, 2018, 06:50:11 PM »
How many AUs did you add and what was the frequency?  This is first I've heard of a Citi card going down potentially for AU.

Same for me, which is why I am skeptical - it could very well be some other reason.

The only adds I've had recently are 2 from last week, and 1 the previous month (all 3 on the same card). 1 of my citicards that was closed was not enrolled for AU usage (Costco card), and the other one has been "resting" at my request for a few months. So only 1 of the 3 closed cards has any recent AU activity.

BikeFanatic

  • Stubble
  • **
  • Posts: 197
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2340 on: April 05, 2018, 03:29:53 AM »
I wonder if the AU was somehow suspect. Like an imposter or something?

I empathize, I have several cards enrolled, and I have had at least one shut down and maybe have another shut down pending with Cap one. I am going to take a break at this point, but the money is good at 500-600$ a month average.

I am involved with two tradelene companies (neither of the recommended companies ).  I do find it stressful especially when I have to call to add social security numbers. I find it easiest when I can add online and  be done.

kudy

  • Pencil Stache
  • ****
  • Posts: 945
  • Age: 36
  • Location: Northern Colorado
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2341 on: April 05, 2018, 10:27:40 AM »
One of the cards sent me an electronic message stating the reason for closure was, "too many recent credit inquiries" - so I guess maybe not AU related? I am trying to reach someone to talk about it and see if they will reconsider.

yachi

  • Stubble
  • **
  • Posts: 230
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2342 on: April 05, 2018, 07:50:33 PM »
I'm with the old company.  I just lost my 14-year old Discover card, even with fairly heavy charging.

HipGnosis

  • Handlebar Stache
  • *****
  • Posts: 1378
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2343 on: April 06, 2018, 07:32:03 PM »
I got an add for my CITI card w/ the new Co.

The EMail telling me includes:
We have also found that making at least 1 small purchase to the authorized user card that you get in the mail from the bank is a good way to keep the card active and minimize the chance of closure due to lack of activity.  This is just a suggestion. 

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 27197
  • Age: -999
  • Location: Traveling the World
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2344 on: April 06, 2018, 07:34:01 PM »
I've never received an AU card (using a traveling mailbox service that doesn't pass on mail unless it's addressed to me), let alone activated one or charged something to one. I wouldn't worry about it.

I do reload my Amazon account for $2.50 with my card for that account after I add the AU, so it shows up on their report (sometimes, with no balance, it won't show up).
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
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."

BikeFanatic

  • Stubble
  • **
  • Posts: 197
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2345 on: April 07, 2018, 10:41:49 AM »
Quote
One of the cards sent me an electronic message stating the reason for closure was, "too many recent credit inquiries" - so I guess maybe not AU related? I am trying to reach someone to talk about it and see if they will reconsider.

Please update us when you do talk to them and tell us if you do get reinstated.  I have alot of inquiries also but I did not know that credit card companies keep an eye on that and may close you. I wonder if that is some excuse, anyone who got closed so far has had tradelines. That seems to be the common denominator. When my BOA got shut  down I had 3 or more AU on both cards ( because I never took my spouse off!) and when I called BOA they took the fraud alert off my cards and reinstated them, but then quickly closed mycards  and would not give me a reason. In one conversation I had with them a CSR said that one of my AU called in but could not answer my security questions.

spot

  • 5 O'Clock Shadow
  • *
  • Posts: 14
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2346 on: April 10, 2018, 09:22:54 AM »
I'm with the old company.  I just lost my 14-year old Discover card, even with fairly heavy charging.

Yeah I lost mine as well. I think Discover has figured it out.

Runner77

  • 5 O'Clock Shadow
  • *
  • Posts: 24
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2347 on: April 10, 2018, 04:23:57 PM »
The new company must be getting desperate. I signed up with 3 cards in December of 2016 and only had one sale last year. I got my first sale this year a couple of weeks ago and got notified today of another sale. I was going to pull my cards if I did not get any sales in March...glad I waited.

WFUDEAC

  • 5 O'Clock Shadow
  • *
  • Posts: 19
  • Age: 32
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2348 on: April 10, 2018, 06:56:17 PM »
Signed up thanks to Arebelspy's referral. Both spots immediately sold on first card. Second card has an end of month closing date so suspecting both those to be sold in about 2 weeks. These are the first two cards I ever opened at age 16 and 18 respectively so while neither is my daily card they give my credit history its age. If either were to get shut down I would probably just ask to be added as an AU to either my parents or in-laws card.
« Last Edit: April 10, 2018, 07:02:15 PM by WFUDEAC »

dragoncar

  • Walrus Stache
  • *******
  • Posts: 8087
  • Registered member
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #2349 on: April 11, 2018, 12:40:45 AM »
Damn, Discover send me the dreaded "WE ARE NO LONGER ABLE TO MEET YOUR SERVICING NEEDS" email

I'm actually surprise since it's been 12 months since I had only two adds.  I've been using it regularly, but really only for reward category spending.  It's a pretty old account, too... over a decade.  In the end, it probably wasn't worth giving up the future rewards for those two adds.

So now what... am I blacklisted from Discover or can I just apply again some day?

The website says my account will be credited with my rewards points if account is closed... hope so, or it hurts even more

More data: I didn't have a savings/checking account (at one point I did, but only churned it for the bonus years ago), and I did have a few hundred dollar outstanding balance. 

In the end, Discover has not made money with me.  I first opened my account with them for a large balance transfer promotion: 0% INDEFINITELY as long as I made 2 purchases per month and minimum payments.  It took me like 5 years to pay off the balance transfer, and I made 2 tiny purchases per month so they never made more than a couple cents in interest.  Later on, I only used the card for 5% categories.  And then I had a couple piggybacking adds.  So I definitely made a few thousand from the relationship and they got very little.  So I guess I don't really blame them
« Last Edit: April 11, 2018, 12:52:05 AM by dragoncar »