Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 1295612 times)

arebelspy

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The recommendation I always give is just email both companies with your list of cards (including issuer/age/limit) and see what they will/won't take.

It fluctuates, so never hurts to ask. When they do have enrollment drives to take lower limit/younger cards, they tend to email or I post here, but otherwise the easiest thing to be sure is just send a quick email.
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Car Jack

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The new/low limit offer was by the old company about a year ago or so.  I threw them everything I had, and 4 cards stuck.  These are $25 payout, 2 month slots.  I fill each card each cycle.  They have, by far been the best paying cards for me because they're so consistent.  Of course, that offer is long gone.

I have some sales with the new company but had to jump through flaming hoops to get them.  I asked to drop a class in payment and they came back to tell me that I'd have to synchronize all of the closing dates on all my cards.  I did.  Of course, that took a couple months.  For June, I got 2 sales.......first sales in a year.

Both companies change their requirements all the time.  Last time I checked with the old company for another of my cards, they were only looking for very old, very high limit cards.  I'm sure it depends on what demand is and they're just reacting to that.

LovinPSDs

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I've got an 8 yr old Chase card with 14K limit (could probably get this bumped pretty easy).  I know Chase is iffy, but in reality I don't particularly care if something were to happen.  Do you think it's worth me throwing this up there? 

cooking

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At the risk of asking a dumb question, can I try to enroll with all my supported cards in both the Old and New Companies at the same time (in order to increase chances of obtaining sales), or would that not work?  I realize that you'd have to be careful about exceeding AU limits in the case of sales on the same card by both companies.  But it seems like some people/cards are not reaching the cardholder's desired goals in terms of frequency of sales, so I'm wondering about enrolling with both companies at once.

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At the risk of asking a dumb question, can I try to enroll with all my supported cards in both the Old and New Companies at the same time (in order to increase chances of obtaining sales), or would that not work?  I realize that you'd have to be careful about exceeding AU limits in the case of sales on the same card by both companies.  But it seems like some people/cards are not reaching the cardholder's desired goals in terms of frequency of sales, so I'm wondering about enrolling with both companies at once.

The problem with that strategy is you don't have any idea when orders will come in. By the time you get the email to add your new AU, the AU company has already completed the sale. If you decline, it puts them in a bad spot and they won't deal with you again.

It's possible you could put company B on hold when you get an order from company A, but then you're constantly holding and unholding your cards and that sounds like more trouble than it's worth.

topshot

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I've got an 8 yr old Chase card with 14K limit (could probably get this bumped pretty easy).  I know Chase is iffy, but in reality I don't particularly care if something were to happen.  Do you think it's worth me throwing this up there?
If you have no other Chase accounts to lose I suppose. I'm not sure if anyone has stated whether you are also blacklisted from future applications. That would suck if you play the rewards game.

At the risk of asking a dumb question, can I try to enroll with all my supported cards in both the Old and New Companies at the same time (in order to increase chances of obtaining sales), or would that not work?  I realize that you'd have to be careful about exceeding AU limits in the case of sales on the same card by both companies.  But it seems like some people/cards are not reaching the cardholder's desired goals in terms of frequency of sales, so I'm wondering about enrolling with both companies at once.
While it could be possible in theory to allow each company to sell only 1 slot (for a max of 2 at any one time), at least the contract you agree to with the new company specifies that you will only deal with them. I did suspend my cards with the new company while I transitioned elsewhere so there was the potential of overlap.

DavidAnnArbor

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I received a weird text from an 860 area code number :

" An Official Notice From
The FTC to ALL GTP
Customers
Restraining Order from FTC:
http://sh-url.net/ftcdoc
Support Team
GrandTetonProfessionals.com  "

Of course I didn't click on the link.
But I did an Internet search, and there is an FTC complaint against Grand Tetons for among other things trying to boost credit scores of clients through the use of tradelines.
 
The FTC document is here:
https://www.ftc.gov/system/files/documents/cases/182_3168_grand_teton_complaint_6-21-19.pdf

On page 15 of this document you can read the beginning of this complaint.

I have no idea who Grand Teton Professionals are, and I'm not a customer. 

FrontRanger

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Anybody sell cards with Credit Card Cash Flow (aka Grand Teton Professionals)? I have and they just got hammered with a restraining order from the FTC. Ouch. Questioning this entire industry.

https://www.ftc.gov/enforcement/cases-proceedings/182-3168/grand-teton-professionals-llc

arebelspy

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Credit Card Cash Flow (aka Grand Teton Professionals)

I have not. @DavidAnnArbor  Have you? I wonder why/how they had your number.

The press release:
https://www.ftc.gov/news-events/press-releases/2019/06/ftc-stops-operators-fake-credit-repair-scheme

Quote
At the Federal Trade Commissionís request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumersí credit. The company and other defendants are charged with violating the FTC Act and several provisions of the Credit Repair Organizations Act, the Telemarketing Sales Rule, the Consumer Review Fairness Act, the Truth in Lending Act, and the Electronic Funds Transfer Act.
...
The FTC charges that the defendants, using such trade names as Deletion Experts, Inquiry Busters, and Top Tradelines, used deceptive websites, unsolicited emails, and text messages to target consumers with false promises of substantially improving consumersí credit scores by claiming to remove all negative items and hard inquiries from consumersí credit reports. The defendants also falsely claimed to substantially improve consumersí credit scores by promising to add consumers as ďauthorized usersĒ to other individualsí credit accounts, a practice known as adding ďtradelinesĒ or ďpiggybackingĒ credit. In most instances, however, the defendants were not able to substantially improve consumersí credit scores.

The complaint also alleges that the defendants charged illegal upfront fees and failed to provide consumers with required disclosures about their credit repair services. The defendants also advised consumers to mislead credit bureaus by filing false identity theft affidavits and to mislead lenders by claiming to be authorized users on other individualsí credit accounts, according to the FTC.

I am not a lawyer, but it sounds like the bulk of the complaint is about the misleading claims they made (and the upfront fees charged).

From the quoted portion above, it says that the company encouraged clients "to mislead lenders by claiming to be authorized users on other individualsí credit accounts." Were they encouraging them to merely claim to be authorized users, or were they actually authorized users. If it said "to mislead lenders by temporarily becoming authorized users on other individualsí credit accounts" I'd be more worried. Though that likely is the case, if they were doing tradelines to try and boost the score.

I am curious how the two tradeline companies I use specifically stay in line with "the FTC Act and several provisions of the Credit Repair Organizations Act, the Telemarketing Sales Rule, the Consumer Review Fairness Act, the Truth in Lending Act, and the Electronic Funds Transfer Act."

I am reaching out to both Tradeline companies I use for a comment.
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DavidAnnArbor

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No I never worked with that company before.

Car Jack

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Joe, not sure about everything "our" companies do, but I've had a couple times where an AU has not posted for whatever reason and I'll get a message from the company that because it didn't post, they would be refunding the customer.  Seems very honest and up front to me. 


arebelspy

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I emailed with the owner of New Company and spoke on the phone with the owner of Old Company for about an hour this evening. Both of them feel comfortable with how they do business to comply with all of the federal credit protection laws. This FTC action seems to be more of an incitement on how this credit repair company was offering specific promises and not delivering based on their deceptive practices.

Neither of the tradeline companies recommended are credit repair companies, nor do they promise or guarantee that a person's credit will go up, or how much. Old company sent me a copy of their agreement with authorized users which notes in the caveats, representations, and warranties section that they "do not and cannot guarantee any specific result or specific increase in credit score."

They do offer a refund if a tradeline doesn't post, as Car Jack mentioned, but they don't offer any promises about what that line will do for one's credit score. The owner of old company indicated they as a company had no complaints that he was aware of with the FTC, BBB, CFPB, etc.

The above company in question clearly did--they were scamming people out of millions by promising things and not delivering, and those people complained, with good reason. That doesn't appear to be the case with either of the TL companies I've used, and that's good.

And, of course, even in the above case where the credit repair company was (allegedly) fraudulently misrepresenting themselves, it doesn't appear that any cardholder of their tradelines were caught up in any sort of issue with it (other than perhaps they didn't get paid when the company's assets got frozen).

I do note that there are other TL companies I've looked into who didn't meet my criteria for one reason or another, but do various "credit repair" besides tradeline sales, which might open them up to some of these type of issues, so it's good to be wary of that.

The FTC in this case is protecting consumers from the scam this company was doing. If they wanted tradeline sales to be illegal, or removed from practice, they could do so (and again, the last time it came up before congress during the FICO 08 thing, the FTC was on the side of forcing the credit bureaus to keep the practice of authorized users allowing credit score improvements).  If I was worried about the legality, I wouldn't participate personally.

So overall, I am not concerned or plan to change my behavior regarding tradeline sales. As always, do your own due diligence, consult whatever legal advisors you feel appropriate (I am not a lawyer, just sharing my uneducated opinion and personal plans), etc.
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UyEfQkt

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I've had 3 credit cards from 2 companies shut down in the past month. US Bank closed my account (and REI branded card). Then a couple weeks later Capital One "restricted" my 2 cards with them, only one of which I was selling tradelines on.

Such is life with the US Bank card. But with Capital One they are restricting my brand new Venture card that still has 56,000 points on it from my sign up bonus. They say to remove the restriction I need to provide them with copies of the driver's license and SS card of every AU I ever added. I'm assuming this is not possible but asked the old company anyway; haven't heard back.

I'm also guessing there isn't anything I can do about this so the accounts will get closed.

I only had two other eligible cards; a Chase and a Citi card. I've stopped new sales on them for now. I may continue with Citi but I have several cards and checking with Chase so don't want to those to get shut down.

If I continue this in the future I will make sure to collect all bonuses and rewards as quickly as possible so they don't get lost if/when my accounts get closed.

monarda

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I had an REI card closed over a year ago. It was a nice one with a 20K limit. The folks at US Bank said I'd lose my dividend, but when I saw the dividend notice when it came out, all the points were still there on it. So that was good news.

Padonak

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I've had 3 credit cards from 2 companies shut down in the past month. US Bank closed my account (and REI branded card). Then a couple weeks later Capital One "restricted" my 2 cards with them, only one of which I was selling tradelines on.

Such is life with the US Bank card. But with Capital One they are restricting my brand new Venture card that still has 56,000 points on it from my sign up bonus. They say to remove the restriction I need to provide them with copies of the driver's license and SS card of every AU I ever added. I'm assuming this is not possible but asked the old company anyway; haven't heard back.

I'm also guessing there isn't anything I can do about this so the accounts will get closed.

I only had two other eligible cards; a Chase and a Citi card. I've stopped new sales on them for now. I may continue with Citi but I have several cards and checking with Chase so don't want to those to get shut down.

If I continue this in the future I will make sure to collect all bonuses and rewards as quickly as possible so they don't get lost if/when my accounts get closed.

In my experience, if Citi closes your card for selling TL's, they will just close that one card, not other cards or bank accounts. They may also ban you from getting new citi cards. This could be for life according to some comments.
« Last Edit: July 01, 2019, 08:26:05 PM by Padonak »

topshot

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I've had 3 credit cards from 2 companies shut down in the past month. US Bank closed my account (and REI branded card). Then a couple weeks later Capital One "restricted" my 2 cards with them, only one of which I was selling tradelines on.

How many TLs had you sold or currently have on each?

UyEfQkt

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I just started doing this last April. So all of these have been over about a year or so.

I sold 9 TL on my Capital One card plus I added my brother so 10 AU. For the REI branded US Bank card I had 12 AU. These were all with the old company. Had at most 2 at once and left them on for 2 months.

topshot

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I sold 9 TL on my Capital One card plus I added my brother so 10 AU. For the REI branded US Bank card I had 12 AU. These were all with the old company. Had at most 2 at once and left them on for 2 months.
Just added the 12th to my USB last week.

Monoposto

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Sorry if I have missed this question but I didnt want to dif through tons of pages to come up with no answer.  Is there a limit for the new company on how old the card can be?  For instance I just signed up with discover and Citi cash back cards but obviously dont have the 2 year age limit.

Car Jack

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Sorry if I have missed this question but I didnt want to dif through tons of pages to come up with no answer.  Is there a limit for the new company on how old the card can be?  For instance I just signed up with discover and Citi cash back cards but obviously dont have the 2 year age limit.

There is a minimum age limit for a card.  These limits change from time to time.  Ask them.  Last I checked, all cards have to be at least 2 years old and with some credit limit (forget what it is....maybe $10k).  They may have increased both age and limit, though.

Gogore

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Hey, I'm new here, but have been selling tradelines for about a year.   Can someone tell me who the new and old company is referenced in this forum?  I'm looking to find the highest payers. Thanks!

arebelspy

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Hey, I'm new here, but have been selling tradelines for about a year.   Can someone tell me who the new and old company is referenced in this forum?  I'm looking to find the highest payers. Thanks!

Sent you a PM.

Anyone wanting a referral, or to ask questions, just PM me. :)
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FtWorthAtheist

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I'm looking for recommendations for a new credit card that offers good/frequent balance transfer deals but can eventually be used for selling tradelines after the account ages.  Although I can find info on which cards offer initial balance transfer deals at opening, its hard to know after the initial period whether the card will regularly offer 0% balance transfers with a low fee and decent length.  So far my Discover is my best balance transfer card, but they're also my highest credit limit so I'd rather move my balances elsewhere and use it for tradeline income instead.  I already have cards from BofA, Chase, Amazon/Chase, Discover, Citi, Sears/Citi, CapOne, and Amex. 

In the several months since I've been selling tradelines on just two cards, I've been paying down debt almost twice as fast.  I'm really thankful for the information I've gotten from this forum, as it's making a huge difference to my financial situation, in spite of my being challenged by a lackluster income.

ducky19

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I'm looking for recommendations for a new credit card that offers good/frequent balance transfer deals but can eventually be used for selling tradelines after the account ages.  Although I can find info on which cards offer initial balance transfer deals at opening, its hard to know after the initial period whether the card will regularly offer 0% balance transfers with a low fee and decent length.  So far my Discover is my best balance transfer card, but they're also my highest credit limit so I'd rather move my balances elsewhere and use it for tradeline income instead.  I already have cards from BofA, Chase, Amazon/Chase, Discover, Citi, Sears/Citi, CapOne, and Amex. 

In the several months since I've been selling tradelines on just two cards, I've been paying down debt almost twice as fast.  I'm really thankful for the information I've gotten from this forum, as it's making a huge difference to my financial situation, in spite of my being challenged by a lackluster income.

I've found that Barclay frequently offers 0% offers on several of my cards - I just cashed in on a 0% offer for 14 months on my Miles n More card with a 1% transfer fee. Barclay is also the gold standard for tradelines as you can add up to 6 AU at a time and they have zero track record of shutting down cards.

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Barclay is also the gold standard for tradelines as you can add up to 6 AU at a time and they have zero track record of shutting down cards.

Perhaps technically true, although I have had my Barclays CC account security frozen twice now.  The first time was due to a suspicious AU.  The second time is now and I haven't called yet to find out why.  I did just add a third AU to one of my two Barclays cards a few days ago, so I'm thinking that may be it.

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FWIW, I only do 2 AU's per card with Barclays.  Never had an issue.

Pigs get fed, hogs get slaughtered :)

secondcor521

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FWIW, I only do 2 AU's per card with Barclays.  Never had an issue.

Pigs get fed, hogs get slaughtered :)

Thanks.

I always go with the company's recommendations.  They recommended 5 slots with Barclays.  (This particular card is with Old Company.)

Agree with you on pigs/hogs.  Trying to be a pig.  :-)

Car Jack

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FWIW, I only do 2 AU's per card with Barclays.  Never had an issue.

Pigs get fed, hogs get slaughtered :)

Thanks.

I always go with the company's recommendations.  They recommended 5 slots with Barclays.  (This particular card is with Old Company.)

Agree with you on pigs/hogs.  Trying to be a pig.  :-)

Interesting.....  I have one Barclays card with the old company and it's shown as 2 slots.  Mine is a "new/low limit" card from their program last year for $25 and 2 months.  They fill 2 slots every cycle.

arebelspy

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Yesterday a member posted a thread soliciting cardholders for their new tradeline company.

I messaged a bit with them, and would absolutely avoid, for a number of reasons (in order of importance):
1) They don't verify AUs in any way, they just collect their information (driver's license/ss card)
2) Their data information security practices are nonexistent (they host cardholder data in the cloud--google docs.. yikes)
3) The CPN issue is in question (he told me they don't accept, their website indicates otherwise)
4) No privacy policy. The bottom of their website says "Copyright of [Company] @ 2019 | Privacy | Policy" but privacy and policy don't link to anything. That line looks just cut and paste from somewhere.
5) Many misspellings, broken English, nonfunctional UI, etc. on their website, just indicates poor quality. At the very least needs a copy editor.

I recommended some changes, and told him to contact me in six months and hopefully the company will be in a better place with all of that.

Just wanting to post an update for those who saw it and were wondering. As I told someone in a PM, my position is that in the end the most paramount thing is protecting the community here; besides liking all of you guys, I'd hate to have the forum get a bad reputation or articles written about some scam on MrMoneyMustache because of something like that.

If you are interested in using them anyways, no worries.  PM me and I'll send you their website link. I just don't feel comfortable with them openly soliciting users here, but I'm happy to share their info if someone wants it.  :)

PM me with any questions/concerns. Cheers!

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MasterStache

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I am pretty happy with the companies you have recommended. This year has been my best year so far selling Tradelines.

lexde

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Thanks as always for having our backs, ARS! I donít think it was malicious, but carelessness and/or not covering all bases can be disastrous, so thanks for checking it out.

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FWIW, I only do 2 AU's per card with Barclays.  Never had an issue.

Pigs get fed, hogs get slaughtered :)

Thanks.

I always go with the company's recommendations.  They recommended 5 slots with Barclays.  (This particular card is with Old Company.)

Agree with you on pigs/hogs.  Trying to be a pig.  :-)

Interesting.....  I have one Barclays card with the old company and it's shown as 2 slots.  Mine is a "new/low limit" card from their program last year for $25 and 2 months.  They fill 2 slots every cycle.

Mine is a larger limit and an older line.  I just messaged Old Company and reduced the number of slots to 2.

FrugalSaver

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If I had a card get cancelled for fraud (mine), do I need to do anything with the tradeline company for the new card?

arebelspy

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If I had a card get cancelled for fraud (mine), do I need to do anything with the tradeline company for the new card?
No, it should keep the same limits, history, etc., you'll just be reissued a new card. You'll still add AUs the same way, shouldn't affect anything with tradeline sales.
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Is there a way to recover information in the portal for the "new company"?  I accidentally closed my task before I fully added the user to my card.  I need to input their address.  I suppose I'll have to wait until tomorrow to get a response back from the company but wondering if there was any other way.

Thanks.

secondcor521

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Is there a way to recover information in the portal for the "new company"?  I accidentally closed my task before I fully added the user to my card.  I need to input their address.  I suppose I'll have to wait until tomorrow to get a response back from the company but wondering if there was any other way.

Thanks.

Nope.  Just email them.

lexde

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Iím with Old Company and Iíve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.

Looking for clarification or if Iím just reading the chart wrong?

aetherie

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Iím with Old Company and Iíve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.

Looking for clarification or if Iím just reading the chart wrong?

Old Company has two sets of banks with different length cycles and therefore different payouts. If your $11k card is with Barclay, Citibank, Discover, PNC, or US Bank, it's $75 and a 2 month cycle. If it's with Bank of America, Capital One, or USAA, it's $125 and a 3 month cycle.

(Note: this info is copied off the document they sent me in April 2018, so it might be out of date.)

erutio

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Iím with Old Company and Iíve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.

Looking for clarification or if Iím just reading the chart wrong?

It appears it should be $125.  I would email the old company about it.

lexde

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Iím with Old Company and Iíve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.

Looking for clarification or if Iím just reading the chart wrong?

It appears it should be $125.  I would email the old company about it.
I did, and they told me ďitís $75Ē. This doesnít seem right. :-/

lexde

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Iím with Old Company and Iíve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.

Looking for clarification or if Iím just reading the chart wrong?

Old Company has two sets of banks with different length cycles and therefore different payouts. If your $11k card is with Barclay, Citibank, Discover, PNC, or US Bank, it's $75 and a 2 month cycle. If it's with Bank of America, Capital One, or USAA, it's $125 and a 3 month cycle.

(Note: this info is copied off the document they sent me in April 2018, so it might be out of date.)
Ah, okay. It is a Citi card. Thanks for the clarification!

secondcor521

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Iím with Old Company and Iíve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.

Looking for clarification or if Iím just reading the chart wrong?

Old Company has two sets of banks with different length cycles and therefore different payouts. If your $11k card is with Barclay, Citibank, Discover, PNC, or US Bank, it's $75 and a 2 month cycle. If it's with Bank of America, Capital One, or USAA, it's $125 and a 3 month cycle.

(Note: this info is copied off the document they sent me in April 2018, so it might be out of date.)
Ah, okay. It is a Citi card. Thanks for the clarification!

I have a document from Old Company dated 3/5/19 which says that a card like that should be $75 for a 2 month cycle but it would be for cards that are 5+ years old.  You getting it on a 3 year card is a bit of a puzzle.

I have seen similar instances where the numbers they provide don't 100% match what their documentation says.  I suspect this is either just simple employee error or their payout schedule changes frequently, or both.

ducky19

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Iím with Old Company and Iíve been getting $75.00 per slot on a card that is 3 years old with an $11K limit - is that right? I thought it was supposed to be $125 per, but they told me it was $75.

Looking for clarification or if Iím just reading the chart wrong?

Old Company has two sets of banks with different length cycles and therefore different payouts. If your $11k card is with Barclay, Citibank, Discover, PNC, or US Bank, it's $75 and a 2 month cycle. If it's with Bank of America, Capital One, or USAA, it's $125 and a 3 month cycle.

(Note: this info is copied off the document they sent me in April 2018, so it might be out of date.)
Ah, okay. It is a Citi card. Thanks for the clarification!

I have a document from Old Company dated 3/5/19 which says that a card like that should be $75 for a 2 month cycle but it would be for cards that are 5+ years old.  You getting it on a 3 year card is a bit of a puzzle.

I have seen similar instances where the numbers they provide don't 100% match what their documentation says.  I suspect this is either just simple employee error or their payout schedule changes frequently, or both.

My experience with several different companies is that the payout tables are constantly changing, but once you lock in a card at a specific payout, it shouldn't change much (new company being the exception).

topshot

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Is there a way to recover information in the portal for the "new company"?  I accidentally closed my task before I fully added the user to my card.  I need to input their address.
Unless they have changed their site since I last used it, if you hover the mouse over the AU's DOB it shows their address.

PatronWizard11

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Has anyone started a solo 401k with this 1099 income?

wudged

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Has anyone started a solo 401k with this 1099 income?

I already had one prior to this, but I contribute income from this to it.

There's a good thread about setting up a solo 401k for mega backdoor roth at https://forum.mrmoneymustache.com/taxes/anyone-execute-a-mega-backdoor-roth-in-solo-401k/

PatronWizard11

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Has anyone started a solo 401k with this 1099 income?

I already had one prior to this, but I contribute income from this to it.

There's a good thread about setting up a solo 401k for mega backdoor roth at https://forum.mrmoneymustache.com/taxes/anyone-execute-a-mega-backdoor-roth-in-solo-401k/

When I get paid, it only references my name and not my business name because I only have them my social... Do you think I should change this to them cutting checks to my EIN business name instead, or does it matter? It's sole proprietorship.

Does anyone know if I need to change my 1099 to reference my EIN instead of my social? I'd hate to fund my solo 401k and find out it's not allowed.

monarda

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I've been scrolling though this thread to try and find the current compensation tables for the new company.  To doublecheck.

I have a (newly) 2 year old Barclay card enrolled, $11K limit. That should be $100, correct? It's listed wrong in the portal. I sent an email, but it'd be good to have that table handy.

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I will contact both companies to get their current schedule to update the OP, and post when done.
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wudged

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Has anyone started a solo 401k with this 1099 income?

I already had one prior to this, but I contribute income from this to it.

There's a good thread about setting up a solo 401k for mega backdoor roth at https://forum.mrmoneymustache.com/taxes/anyone-execute-a-mega-backdoor-roth-in-solo-401k/

As far as I know it's fine to use either for a sole proprietorship, but I am not a tax professional.

When I get paid, it only references my name and not my business name because I only have them my social... Do you think I should change this to them cutting checks to my EIN business name instead, or does it matter? It's sole proprietorship.

Does anyone know if I need to change my 1099 to reference my EIN instead of my social? I'd hate to fund my solo 401k and find out it's not allowed.