Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig

[flashflooder]

Am I the only one who invariably has to send at least 2 reminders every time I'm due payment from the new company?

Really kind of gets old.

[arebelspy]

Am I the only one who invariably has to send at least 2 reminders every time I'm due payment from the new company?

Really kind of gets old.

Yeah, their slow payment (discussed many times before) is the main annoying thing about New Company.

I've found it doesn't make a difference emailing or not--you wait, and they pay, or you email a few times, and they pay at about the same time they would have otherwise. I stopped a long time ago, and still get paid on the same (late) schedule. *shrug*  YMMV.

[meatgrinder]

Hi Authorized Credit Card User Slot Sellers for Fun and Profit,

What is the guidance on the Max AUs for a Chase card? Sorry in advance as I know its somewhere in this mega thread already but I cant seem to find it.

Thanks!

[arebelspy]

Hi Authorized Credit Card User Slot Sellers for Fun and Profit,

Sorry in advance as I know its somewhere in this mega thread already, but what is the guidance on the Max AUs for a Chase card?

Thanks!

Chase is quite risky; I wouldn't go over two, personally.

(Their closures are rare, but when they do, they blackball you. So flying under their radar if you do use Chase is prudent.)

[FtWorthAtheist]

I'm new to selling and just got a notice to remove my 2nd client from my Chase card.  Chase's website allowed me to add clients online, but according to the website, I have to call a live phone rep to remove.  Talking to a live person makes me nervous about them noticing all my authorized user activity.  Do all Chase cards require removals by phone??  I'm wondering how people manage to do this for years before getting their cards cancelled.

[meatgrinder]

I'm new to selling and just got a notice to remove my 2nd client from my Chase card.  Chase's website allowed me to add clients online, but according to the website, I have to call a live phone rep to remove.  Talking to a live person makes me nervous about them noticing all my authorized user activity.  Do all Chase cards require removals by phone??  I'm wondering how people manage to do this for years before getting their cards cancelled.

Yes, Chase requires removals by phone.  Its different bank by bank.  Barclays allows for AUs to be added and removed online, others required a phone call for add/remove. 

I don't think the CS reps care about add/remove AUs or can do anything about it if they wanted to.  From my experience the banks have fraud rules in place that scan cards and automatically close if a certain set of rules are broken.

[morris08]

Hey FTworth,
For the past year I have always removed my Chase AU’s by using Chase’s Secure Messages.
Works like a charm. 
I just state “please remove authorized user John Doe from my card ending in 4012”
They reply back usually in 4-8 hours and let me know if is completed.

[meatgrinder]

Good tip!  Citi used to allow adding w/ssn through secure message but it was nice for some reason.

[Car Jack]

The risk with Chase is that if they close anything, they close everything.  All cards, any bank accounts, everything.  I had done well after adding a couple of my Chase cards, but since my oldest card (by like 8 years) is from Chase, I removed them from tradeline sales.

[ducky19]

Yup. I made $1,725 from my Chase cards from sales before they shut me down. They shut down all 5 of my cards... :(  Was it worth it? Yeah, I would say so - though I was hoping I could earn a bit more before they caught on to me. On a bright note, they did still credit 2100 Hyatt points to my account even after it was closed. I was not expecting to get them, so that was a small silver lining at least.

[Zap]

FYI,

I received notification today that Bank of America was closing all my credit card accounts with them due to "Irregular authorized user activity on one or more of your accounts." I only ever sold tradelines on one of the cards, and it's been about a year since my last sale.

Easy come, easy go.

[arebelspy]

Weird they did that.

I've had a card closed by B of A (and my wife had one as well at the same time), but they only closed that one card--we have other cards with them still (and still sell tradelines on them). We also have other bank accounts and stuff though--maybe that's why they didn't shut all ours down? It would be a pain if those were shut down.

Or maybe their policy changed (it's been a few years since they shut our cards down).

Thanks for the info!

[topshot]

I only ever sold tradelines on one of the cards, and it's been about a year since my last sale.

I find it weird they did so after such a long break. At least mine had been fairly active.

[Zap]

I find it weird they did so after such a long break. At least mine had been fairly active.

The old company emailed last year that they had some shutdowns on BoA so they were going to rest it for awhile. I had good sales on it, 18 years old and $20,000 limit.

The worst part is one of the other cards that was closed was used for gasoline and recurring payments and had $20 in unclaimed rewards on it. Gone. Heh. :)

[Car Jack]

When I was shuffling around credit limits with BoA and talking with the CSR, I got the impression that some cards are BoA owned cards and others were just co-branded (like University of Cash kinda cards) and they could care less what you did with the co-branded ones.  Want to close down University.  Oh, that's cool and I can do that right now, Mr. Car Jack.  But try to touch an actual BoA card and "Oh, I'm so sorry to hear you want to close this.  Is there anything I can do to change your mind.....and I mean ANYTHING!?"  Holy cow.....I'm not Robert Kraft.....I'll just leave it open, ok.  "Oh, I'm sooooo happy to hear that.".

:lol:

[powskier]

Am I the only one who invariably has to send at least 2 reminders every time I'm due payment from the new company?

Really kind of gets old.

I've been paid on time every time with new and old company.

[MVal]

Even though discover canceled my account months (a year?) ago, they still send me free credit monitoring alerts, so I’ve got that going for me, which is nice

They canceled one of my cards too. Did you even attempt to re-open it? They closed mine without any explanation and I never called to dispute it.

[dragoncar]

Even though discover canceled my account months (a year?) ago, they still send me free credit monitoring alerts, so I’ve got that going for me, which is nice

They canceled one of my cards too. Did you even attempt to re-open it? They closed mine without any explanation and I never called to dispute it.

No they gave a vague explanation which maybe I’ll sue them if I get bored with the retired life.  Some other guy in the thread mentioned some decent settlements

[katsiki]

Barclays is really taking care of me.  After maxing out AU's a few months ago on my first card, I put it in the sock drawer.  They increased my limit.  LOL

[ThatGuy]

Barclays is really taking care of me.  After maxing out AU's a few months ago on my first card, I put it in the sock drawer.  They increased my limit.  LOL

They increased your credit limit or the limit of AU's?

[frugalnacho]

Anyone else have sales stop with the new company?  I've had one $50 sale in the last 8 months.

[Padonak]

Anyone else have sales stop with the new company?  I've had one $50 sale in the last 8 months.

I had one or two sales last year, none this year.

[katsiki]

Barclays is really taking care of me.  After maxing out AU's a few months ago on my first card, I put it in the sock drawer.  They increased my limit.  LOL

They increased your credit limit or the limit of AU's?

Credit limit.  I wish it were AU limit...

[ditkanate]

Anyone else have sales stop with the new company?  I've had one $50 sale in the last 8 months.

I had one sale in January and one in February.  None since, and have not been paid for either of those sales despite emailing Cliff almost a month ago.

[frugalnacho]

Yea I'm thinking I should pull my cards and switch to the old company instead.  Are sales more steady with them?

[Padonak]

Does anyone use Banco Popular cards for tradelines? I have an Avianca card which I can potentially downgrade, not sure if tradeline companies accept these cards.

Sent from my Pixel 3 using Tapatalk

[ditkanate]

Yea I'm thinking I should pull my cards and switch to the old company instead.  Are sales more steady with them?

I've had a regular stream of sales from the old company ever since I enrolled a while back.  And payments are 100% on time and completely transparent. 

[dt3]

Hi

I keep seeing tradeline companies being refereed to as new and old company. Curious if someone can lmk who these companies are I'm interested in purchasing tradelines but most of my search efforts have left me uncomfortable.

Thx

[secondcor521]

Hi

I keep seeing tradeline companies being refereed to as new and old company. Curious if someone can lmk who these companies are I'm interested in purchasing tradelines but most of my search efforts have left me uncomfortable.

Thx

PM sent, cc'ed @arebelspy.

[FtWorthAtheist]

I have a question about Chase and it's tendency to close all your accounts...
My partner has given me access to his personal account.  I think that means I'm a signer on it, not that I co-own it.  If they shutdown my Chase bank account and credit card, I wouldn't cry, but it would be really problematic for my partner if they closed his personal account because he also has his business account with them.  Its much easier for him if his accounts are in the same place, and moving his business account would be a PITA since he gets electronic payments from many sources who would all have to be updated separately.  I don't need to worry about them closing his personal account because of my activity, do I??

[arebelspy]

The more they share the more likely it is. E.g. if your name is there, the address the same, etc.  I don't like to risk it with Chase.

Can you just remove your name from his account? Do you need that access?

Chase seems to have more rare closures, but worse consequences when they do.

[meatgrinder]

I "think" it would be a real stretch for Chase to close your partner's account.  It would be similar to one of the AUs you've added to your Chase card selling tradelines on their own Chase card, getting blacklisted and then blacklisting you as well since they were an AU on your card.

[flashflooder]

I agree it's a stretch,  but the way Chase systematically goes nuclear when they catch on... I wouldn't personally risk it if it's a concern.

[DavidAnnArbor]

For some reason I tried add an authorized user on my PNC card, and when I enter the social security number it keeps saying, "Enter a valid SSN"

I did add the number correctly.  Contacted the old company and they said to just not do the add, and that PNC will do that sometimes.

[hgjjgkj]

Just realized two of my oldest BoA cards with the new company appear to be closed with no explanation. Also I applied for a third boa card, was approved but upon activation they told me via automated system the card was closed. I called in but the CSR had no clue what was going on and the department that left info in my account isn't open until Monday. No clue what is going on but the CSR did say the department is not the fraud department so who knows. Anyone have any advice?

[jamaicaspanish]

I just received a settlement  from Discover card.

They had shut down my twenty-year-old plus card with the generic ¨We can no longer meet your service needs¨ letter.


I worked with a lawyer I found through MMM. He was fantastic throughout the process.
Feel free to PM me for his contact info.

[arebelspy]

I just received a settlement  from Discover card.

What/how much was the settlement? How long did it take?

It was with @PointsLawyer , I presume?

[jamaicaspanish]

Settlement was a check.
The terms bar me from sharing the amount, but I was very pleased with the what we received.
Yes, @PointsLawyer  represented me.
We began the process last October, and I signed the agreement last month.
I fully endorse @PointsLawyer
He was excellent throughout the process

[arebelspy]

Neat. Thanks for updating/informing us!

[hgjjgkj]

As a data point for the future. BoA closed 3 cards for me. 2 of them were quite old like 4+ years.  Their letter included discussion of irregular AU activity.

Additionally, they closed a card that they originally approved me for. I applied to the account on say june 1 and was approved, but by june 3rd they had closed it (before the card was even mailed to my address).

[arebelspy]

Their letter included discussion of irregular AU activity.

My understanding from PointsLawyer is that if this is what they send you, there's no case. If they send you nonsense/generic letter without telling you the reason, then he can pursue a settlement. Likely he will chime in soon.

[hgjjgkj]

Their letter included discussion of irregular AU activity.

My understanding from PointsLawyer is that if this is what they send you, there's no case. If they send you nonsense/generic letter without telling you the reason, then he can pursue a settlement. Likely he will chime in soon.

Bummer. Frustrating that one of the 3 cards had no AU sales on account of i did not even have a chance to activate the product yet.

Also does anyone have any hypothesis about what this will do to my credit? I am most worried about the card I was approved for and then Boa immmediately closed because i did not even have time to activate it. Will this nuke my average age?

[Padonak]

I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.

Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?

[secondcor521]

I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.

Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?

It's a federal law so it would work with any US issuer.

You can only sue them if they violate the law.  Closing your cards doesn't violate the law.  Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law.  @PointsLawyer can probably give a better, more precise, explanation.

[PointsLawyer]

Their letter included discussion of irregular AU activity.

My understanding from PointsLawyer is that if this is what they send you, there's no case. If they send you nonsense/generic letter without telling you the reason, then he can pursue a settlement. Likely he will chime in soon.

Careful. You're going to put me out of business dishing out legal info!

But, yeah, I think a clear, simple explanation like that fulfills the Bank's obligations under the ECOA.

[PointsLawyer]

I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.

Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?

It's a federal law so it would work with any US issuer.

You can only sue them if they violate the law.  Closing your cards doesn't violate the law.  Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law.  @PointsLawyer can probably give a better, more precise, explanation.

Nailed it. I have experience bringing claims against most major banks. Happy to give more precise explanations in a more appropriate forum. Here, I'm just trying to share some generalized legal knowledge.

Not legal advice. Informational purposes only. Not trying to solicit clients.

[DavidAnnArbor]

I'm still waiting for my settlement.

[Irinas]

PointsLawyer,

I have PM'ed you.

[tj]

I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.

Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?

It's a federal law so it would work with any US issuer.

You can only sue them if they violate the law.  Closing your cards doesn't violate the law.  Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law.  @PointsLawyer can probably give a better, more precise, explanation.

Nailed it. I have experience bringing claims against most major banks. Happy to give more precise explanations in a more appropriate forum. Here, I'm just trying to share some generalized legal knowledge.

Not legal advice. Informational purposes only. Not trying to solicit clients.

So if they send you a letter decreasing your limit because you don't use your card as much as they think you should with your limit, that's good enough?

[secondcor521]

I didn't know you could sue banks for closing your cards. Does it only work with discover or with other banks too? Citi and bofa closed my cards.

Another question: that was a private settlement, correct? Is there a public record anywhere stating your name, discover as a defendant, the details of the case?

It's a federal law so it would work with any US issuer.

You can only sue them if they violate the law.  Closing your cards doesn't violate the law.  Roughly speaking, closing your cards (or taking any other adverse action, such as lowering your credit limit) without explaining why violates the law.  @PointsLawyer can probably give a better, more precise, explanation.

Nailed it. I have experience bringing claims against most major banks. Happy to give more precise explanations in a more appropriate forum. Here, I'm just trying to share some generalized legal knowledge.

Not legal advice. Informational purposes only. Not trying to solicit clients.

So if they send you a letter decreasing your limit because you don't use your card as much as they think you should with your limit, that's good enough?

I'm not @PointsLawyer, but for the purposes of the law that is being referenced, as long as they give you a reason for an adverse action, then they're complying with the law, yes.  Of course, there are lots of other laws regarding credit that they have to comply with.  For example, they can't decrease your limit because of your race or gender.

As a practical matter, they won't decrease your limit if you don't use the card very much.  They will close it if you don't use it for a "long" time, where long is usually at least a year.