Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 1378528 times)

beekayworld

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4850 on: April 07, 2021, 11:53:09 AM »

...   I have 20+ credit cards and it's always a hassle keeping them going even with auto pay.  My wallet just isn't big enough and I don't shop for myself very much especially in person.

What do you mean by "keep them going"? If you are using them for tradelines, the card has to have a balance above the forgiveness amount in order to generate a statement. Otherwise the Authorized Users won't get the benefit of having the card on their credit report.

As far as shopping in person. There's no need to.
On the first of each month I put $5 on Amazon for each of my credit cards. Then I'm done. It doesn't matter what day the card closes since I am charging something on it the 1st of the month regardless. (None of my cards closes on the 1st, so there aren't any borderline cases I have to worry about.)

This works if you want to be sure the cards are above balance forgiveness in order to generate a statement so the AU's get the benefit.

But it also can work for low-balance forgiveness. The 1st of each month, go to Amazon and put the LBF amount on each card. Just go through the stack adding $1.99 or whatever to each on. There's nothing to keep track of this way.

Some people use excel spreadsheets and list closing dates and checking a box when they've made a charge that month. But I'd just rather take a few minutes once a month and use all of my cards in one fell swoop and be done with it.


beekayworld

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4851 on: April 07, 2021, 11:55:42 AM »
If you are worried about cards being closed due to lack of use (as you wait to season them), I'm not sure charging $1.99 each month and having it forgiven will work in your favor. I'm not sure but this doesn't seem like it would be considered actually using the card.  Perhaps do it most months, but once in a while put a higher charge on it so it will generate a statement.

mlipps

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4852 on: April 08, 2021, 06:43:04 PM »
My PNC frustrations continue. A few months ago they made it so I had to use their horrific chat function in their app to remove an AU instead of doing it online. Now they are requesting that I provide my full social security number in the chat even though I am already signed into my account. The entire chat history sits there in my phone after the conversation ends. Such a stupid process.

Yes, I could just make a phone call, but phone calls are the worst.

DeniseNJ

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4853 on: April 09, 2021, 01:09:20 PM »
You guys, omg.  I didn't' know you could call and ask for a reconsideration!  I applied for a Barclays, again, and was denied, again, and so I called for a reconsideration and they approved me over the phone!  Yay!!!

Padonak

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4854 on: April 09, 2021, 01:28:19 PM »
Which barlcaycard is the easiest to get if you have a high credit score but several relatively recent hard pulls and new account openings? Is there any difference between different cards in terms of approval criteria?

harrydogyo

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4855 on: April 09, 2021, 01:57:32 PM »
Which barlcaycard is the easiest to get if you have a high credit score but several relatively recent hard pulls and new account openings? Is there any difference between different cards in terms of approval criteria?

Barclays is inquiry sensitive.  If you're new to them you have a decent chance, but you may want to wait a bit if you have lets say more than 6 in the last 12 months.   

katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4856 on: April 09, 2021, 02:58:11 PM »
Are you guys seeing more sales lately?  I have seen a major increase in the past 2-3 weeks.  Not sure it is stimulus related or tax refunds or what but I'll take it.

Hope everyone is busy with AU's!

EliteZags

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4857 on: April 09, 2021, 03:10:37 PM »
anyone ever had luck in disputing a Chase card closure? like trying to convince them to just restrict adding further AU's but keeping acct open?
not devastated about it since I made over 3K on it

Padonak

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4858 on: April 09, 2021, 05:57:18 PM »
You guys, omg.  I didn't' know you could call and ask for a reconsideration!  I applied for a Barclays, again, and was denied, again, and so I called for a reconsideration and they approved me over the phone!  Yay!!!
That's great, which card did you get?

harrydogyo

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4859 on: April 09, 2021, 06:04:25 PM »
anyone ever had luck in disputing a Chase card closure? like trying to convince them to just restrict adding further AU's but keeping acct open?
not devastated about it since I made over 3K on it

I havenít.   Thatís why many here don't sell Chase spots as their cards and points are too valuable and Chase will blacklist you from other accounts.  You might find a datapoint on Reddit but Iíve heard of a lot of shutdowns and no reconsiderations.  At least they let you spend your points if theyíre UR

frogstomp81

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4860 on: April 09, 2021, 09:21:52 PM »
Anyone else not getting paid by the "New Company?" Or at least it was referred to as the new company several years a go when I signed-up. I always have to email them to remind them to pay me, which is fine, but this time they have not replied to my 2 emails in over 1-week, and still no pay for orders from back in December.

arebelspy

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4861 on: April 09, 2021, 09:26:15 PM »
Anyone else not getting paid by the "New Company?" Or at least it was referred to as the new company several years a go when I signed-up. I always have to email them to remind them to pay me, which is fine, but this time they have not replied to my 2 emails in over 1-week, and still no pay for orders from back in December.

I spoke with the owner recently, he is out of town, but still that shouldn't happen. PM me with the info you signed up under and I can reach out for you.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
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frugalnacho

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4862 on: April 10, 2021, 06:48:00 PM »
Anyone else not getting paid by the "New Company?" Or at least it was referred to as the new company several years a go when I signed-up. I always have to email them to remind them to pay me, which is fine, but this time they have not replied to my 2 emails in over 1-week, and still no pay for orders from back in December.

That is standard operation for the new company.  I recently pulled my cards and switched to the old company. Way better IMO especially with payments. 

frogstomp81

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4863 on: April 10, 2021, 07:13:10 PM »
Correction, I sent 1 email over a week ago, and the second a couple days ago. Still no reply, and no payment. Will have to check out the "Old Company" I suppose. If they are accepting cards.

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4864 on: April 11, 2021, 02:06:59 PM »
Question for anybody who may know the answer:

I'm with the old company. I'm relatively new to selling tradelines. I have a capital one card with them that's supposed to be on a 3 month cycle. Recently they have been marking (early) that my AU posted and paying me early, after around only 2 months. If it's posted and they paid me, should I still leave the AU on the card for the full 3 months (until the date they originally specified that I should remove them)?  I assume I'll just leave AU on the card until the date they said I can remove them, but wanted to ask your opinion.

frozen

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4865 on: April 11, 2021, 03:12:23 PM »
Question for anybody who may know the answer:

I'm with the old company. I'm relatively new to selling tradelines. I have a capital one card with them that's supposed to be on a 3 month cycle. Recently they have been marking (early) that my AU posted and paying me early, after around only 2 months. If it's posted and they paid me, should I still leave the AU on the card for the full 3 months (until the date they originally specified that I should remove them)?  I assume I'll just leave AU on the card until the date they said I can remove them, but wanted to ask your opinion.

Yes, you must leave the user on your card until the date specified in their system, even if they already paid you. That user paid to be on your card for 3 months.

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4866 on: April 11, 2021, 03:16:03 PM »
Question for anybody who may know the answer:

I'm with the old company. I'm relatively new to selling tradelines. I have a capital one card with them that's supposed to be on a 3 month cycle. Recently they have been marking (early) that my AU posted and paying me early, after around only 2 months. If it's posted and they paid me, should I still leave the AU on the card for the full 3 months (until the date they originally specified that I should remove them)?  I assume I'll just leave AU on the card until the date they said I can remove them, but wanted to ask your opinion.

Yes, you must leave the user on your card until the date specified in their system, even if they already paid you. That user paid to be on your card for 3 months.

And if you don't, they reserve the right to take their payment back.

DeniseNJ

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4867 on: April 12, 2021, 06:22:40 AM »
Which barlcaycard is the easiest to get if you have a high credit score but several relatively recent hard pulls and new account openings? Is there any difference between different cards in terms of approval criteria?

Ha, that's the best part.  I'm turning 50 this week so to embrace that fact I got the AARP Barclay card.
https://cards.barclaycardus.com/banking/cards/#///
I got the essential Rewards card with no annual fee. There's another one for old folks who travel, which I don't, so I got the one for old folks who stay put.
Earn a $100 Cash Back Bonus  after spending $500 on purchases in the first 90 days
Earn 3% Cash Back  on Gas & Drug Store purchases
Earn 2% Cash Back  on Medical expenses

frogstomp81

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4868 on: April 12, 2021, 07:10:30 PM »
Anyone else not getting paid by the "New Company?" Or at least it was referred to as the new company several years a go when I signed-up. I always have to email them to remind them to pay me, which is fine, but this time they have not replied to my 2 emails in over 1-week, and still no pay for orders from back in December.

Update: I just received an email from the New Company informing me that my payment has been processed and will be hitting my account in a couple days.

SilverAg47

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4869 on: April 14, 2021, 06:59:40 PM »
This was an alert from one of the tradeline companies in reference to Bank of America cards.  Does anyone have a way to lower the risk of this happening?

"We have discovered a possible security risk with that bank where it could be possible for an authorized user to try to call the bank and request an authorized user credit card if they were to say they lost it.  We do not have any clear ways of trying to protect against this possibility but you can activate several alerts that can help you monitor that account and try to minimize the risk.  We are allowing credit partners to request that we sell their spots anyway if they are ok with that added risk."

DeniseNJ

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4870 on: April 15, 2021, 10:15:25 AM »
How do you get your limits up to $30K?  I have a handful of cards and a 750 credit score and my highest limit is I think 15 or 20K. One is 10K and the rest only 5K or less. I use the cards for small purchases and have them all on autopay.  I think my Bank of America card is $1,000! I ask for increases and am either denied or they say that based on my use they don't think I need an increase.  How often do you request an increase and how? Do you call or go online?

harrydogyo

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4871 on: April 15, 2021, 10:19:48 AM »
How do you get your limits up to $30K?  I have a handful of cards and a 750 credit score and my highest limit is I think 15 or 20K. One is 10K and the rest only 5K or less. I use the cards for small purchases and have them all on autopay.  I think my Bank of America card is $1,000! I ask for increases and am either denied or they say that based on my use they don't think I need an increase.  How often do you request an increase and how? Do you call or go online?

https://www.doctorofcredit.com/maximize-your-credit-limits-for-the-citi-gold-deal/

Some providers are better than others but Amex and Citi should be pretty easy.  Some are better with a call whereas some are automatic.  Try to avoid the hard pull companies if you can. That link tells you where that may be an issue.

MoneyTree

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4872 on: April 15, 2021, 10:52:13 AM »
How do you get your limits up to $30K?  I have a handful of cards and a 750 credit score and my highest limit is I think 15 or 20K. One is 10K and the rest only 5K or less. I use the cards for small purchases and have them all on autopay.  I think my Bank of America card is $1,000! I ask for increases and am either denied or they say that based on my use they don't think I need an increase.  How often do you request an increase and how? Do you call or go online?


I think there are many factors that go into it, including how much total credit you have, income, debt and housing payments, and how much you are using the credit you already have.

I only have anecdotal evidence, but i've found that the premium cards with annual fees are the ones that give really high limits. I only have 2 cards with 30K+ limits and both were cards that had annual fees. What you could try is to get the annual fee waived, or product change the card after getting approved for the high limit.

katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4873 on: April 15, 2021, 01:38:49 PM »
How do you get your limits up to $30K?  I have a handful of cards and a 750 credit score and my highest limit is I think 15 or 20K. One is 10K and the rest only 5K or less. I use the cards for small purchases and have them all on autopay.  I think my Bank of America card is $1,000! I ask for increases and am either denied or they say that based on my use they don't think I need an increase.  How often do you request an increase and how? Do you call or go online?


I think there are many factors that go into it, including how much total credit you have, income, debt and housing payments, and how much you are using the credit you already have.

I only have anecdotal evidence, but i've found that the premium cards with annual fees are the ones that give really high limits. I only have 2 cards with 30K+ limits and both were cards that had annual fees. What you could try is to get the annual fee waived, or product change the card after getting approved for the high limit.

Look for "visa signature" credit cards.  Some have fees but some do not as I recall.  They require a higher limit to be issued.

Dee_

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4874 on: April 15, 2021, 02:45:08 PM »
Has anybody ever tried selling a tradeline on a business card? Two advantages I can see - if you get shutdown it's not on your personal cards, and the banks might be less suspicious of frequent AU activity on business accounts (you're plausibly issuing them to employees etc.). My "business" is from real estate activity and it's not a big deal if they do get shut down.

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4875 on: April 15, 2021, 02:49:10 PM »
Has anybody ever tried selling a tradeline on a business card? Two advantages I can see - if you get shutdown it's not on your personal cards, and the banks might be less suspicious of frequent AU activity on business accounts (you're plausibly issuing them to employees etc.). My "business" is from real estate activity and it's not a big deal if they do get shut down.

Doesn't work.  The AU's business card won't report on their personal credit history and therefore won't give them a credit boost, and therefore they won't pay for something that doesn't give them the benefit they seek.

harrydogyo

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4876 on: April 15, 2021, 02:50:23 PM »
Has anybody ever tried selling a tradeline on a business card? Two advantages I can see - if you get shutdown it's not on your personal cards, and the banks might be less suspicious of frequent AU activity on business accounts (you're plausibly issuing them to employees etc.). My "business" is from real estate activity and it's not a big deal if they do get shut down.

They don't report to credit reports like personal cards, so you can't.  Capital one used to but I think they just changed that.  And even when they did when you were primary the AUs didn't show up.  I thinK Barclays may have as well. This is why those who churn signup bonuses often use business cards as they stay under the radar with new accounts on your credit report.     There may be some exceptions but I don't know of any with smaller issuers.

If you do it right you can minimize shutdowns on personal cards, but of course never list a card you don't want to lose.

Dee_

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4877 on: April 15, 2021, 04:06:51 PM »
Ah, bummer.

frugalnacho

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4878 on: April 16, 2021, 01:48:56 PM »
My reminder just went off to remove an AU from my discover card, but when I go to the discover website that person is no longer listed as an AU.  In the tradeline portal I can see that the AU was successfully posted and I was paid for it.  Since it posted and I was paid it seems like it shouldn't be an issue, but also WTF? I never removed that AU.  I don't remember getting any notifications from discover that they removed any AU for me either. 

Anyone had anything similar happen?


Ignore this post. This AU was on my citi and not my discover. 

« Last Edit: April 16, 2021, 01:59:35 PM by frugalnacho »

frugalnacho

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4879 on: April 16, 2021, 01:56:48 PM »
I recently had a large purchase come up, and it had to go on cc, so I used my best rewards cc for the situation which is my citi doublecash (2% back).  My limit is $9,500 and this purchase brought me to just over $9,000 on the card.  I paid the charge off immediately, so when my statement ends it should post with just a few hundred on it and be well under the 10% utilization.

Is doing this likely to cause a problem or issue?  I am going to run into this same scenario a couple times over the next couple months, and I would prefer to use my best rewards.  I wasn't anticipating that only cc payments would be accepted, so I didn't sign up for any new cards.  I could potentially try to sign up for more cards and easily meet the minimum spend with the other planned transactions.

Is citi likely to give me an increased limit due to spending so close to my limit?  They've been keeping me at $9,500 so I am just out of the next pricing tier for TL, and they've denied my last couple requests for credit increases.

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4880 on: April 16, 2021, 01:59:53 PM »
My reminder just went off to remove an AU from my discover card, but when I go to the discover website that person is no longer listed as an AU.  In the tradeline portal I can see that the AU was successfully posted and I was paid for it.  Since it posted and I was paid it seems like it shouldn't be an issue, but also WTF? I never removed that AU.  I don't remember getting any notifications from discover that they removed any AU for me either. 

Anyone had anything similar happen?

Once, I think.  Since you're in a good state I wouldn't worry about it.  I certainly wouldn't worry enough to call Discover.

There's an outside possibility that the AU called Discover and removed themselves.  Unlikely, but I've had AUs do approximately the same level of weird things.

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4881 on: April 16, 2021, 02:07:32 PM »
I recently had a large purchase come up, and it had to go on cc, so I used my best rewards cc for the situation which is my citi doublecash (2% back).  My limit is $9,500 and this purchase brought me to just over $9,000 on the card.  I paid the charge off immediately, so when my statement ends it should post with just a few hundred on it and be well under the 10% utilization.

Is doing this likely to cause a problem or issue?  I am going to run into this same scenario a couple times over the next couple months, and I would prefer to use my best rewards.  I wasn't anticipating that only cc payments would be accepted, so I didn't sign up for any new cards.  I could potentially try to sign up for more cards and easily meet the minimum spend with the other planned transactions.

Is citi likely to give me an increased limit due to spending so close to my limit?  They've been keeping me at $9,500 so I am just out of the next pricing tier for TL, and they've denied my last couple requests for credit increases.

It's unlikely but possible.  As I'm sure you know, CCs typically only report statement balances to the CRAs, but they are not restricted from reporting it at other times, so you conceivably run the risk of the CC reporting a mid-cycle balance (for whatever reason) and then aggravating any AUs you have on there.

For simplicity's sake and to avoid any risk of the above, I separate my daily CC usage from my piggybacking cards.

Spending close to your limit might induce Citi to raise your limit.  Usually that's one factor they look at.  The other big one is your reported household income.  And then of course your overall credit score and history.

I suspect, but cannot confirm, that AUs looking at their card options will pick the highest limit and oldest card within a given price range.  So if your Citi gets raised to $10.1K, and it's now mixed in with a bunch of other cards that range from $10K to $20K for the same price, I would imagine that a hypothetical AU would pick someone else's $19.8K limit card over yours.  So you have to decide if that tradeoff is worth it to you.

But AUs are not the most rational of financial actors, and I can't fully explain the relative popularity of my cards' slots with the above logic, so it's maybe just a hypothetical concern.

frugalnacho

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4882 on: April 16, 2021, 02:17:28 PM »
I recently had a large purchase come up, and it had to go on cc, so I used my best rewards cc for the situation which is my citi doublecash (2% back).  My limit is $9,500 and this purchase brought me to just over $9,000 on the card.  I paid the charge off immediately, so when my statement ends it should post with just a few hundred on it and be well under the 10% utilization.

Is doing this likely to cause a problem or issue?  I am going to run into this same scenario a couple times over the next couple months, and I would prefer to use my best rewards.  I wasn't anticipating that only cc payments would be accepted, so I didn't sign up for any new cards.  I could potentially try to sign up for more cards and easily meet the minimum spend with the other planned transactions.

Is citi likely to give me an increased limit due to spending so close to my limit?  They've been keeping me at $9,500 so I am just out of the next pricing tier for TL, and they've denied my last couple requests for credit increases.

It's unlikely but possible.  As I'm sure you know, CCs typically only report statement balances to the CRAs, but they are not restricted from reporting it at other times, so you conceivably run the risk of the CC reporting a mid-cycle balance (for whatever reason) and then aggravating any AUs you have on there.

For simplicity's sake and to avoid any risk of the above, I separate my daily CC usage from my piggybacking cards.

Spending close to your limit might induce Citi to raise your limit.  Usually that's one factor they look at.  The other big one is your reported household income.  And then of course your overall credit score and history.

I suspect, but cannot confirm, that AUs looking at their card options will pick the highest limit and oldest card within a given price range.  So if your Citi gets raised to $10.1K, and it's now mixed in with a bunch of other cards that range from $10K to $20K for the same price, I would imagine that a hypothetical AU would pick someone else's $19.8K limit card over yours.  So you have to decide if that tradeoff is worth it to you.

But AUs are not the most rational of financial actors, and I can't fully explain the relative popularity of my cards' slots with the above logic, so it's maybe just a hypothetical concern.

I set an alert for the pending charge, and immediately logged on and paid it off as soon as it posted.  It was probably only posted for an hour before being paid.  Less likely to be chosen with a higher limit, but also more money per AU with the higher limit.  Hmm.  I don't know what they would raise my limit to, nor how many sales I'd get, so I don't know if I can evaluate that.  But it's something to ponder that I hadn't initially considered.

You replied to me other post before I could edit it.  My AU was on my citi and not discover, so I'm just a doofus and nothing fishy happened. 

frozen

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4883 on: April 17, 2021, 12:20:37 PM »
How has Fidelity/Elan been lately for adding AU lately?  Can you add them online? My Fidelity was shut down last last year for adding too many AUs. I was just approved for a new Fidelity card, but when I click to add an AU, it says I have to call them. Has this happened to anyone else?

katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4884 on: April 20, 2021, 01:11:24 PM »
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card.  Letter says it will have a new #.  Yahoo!  Any predictions on if that will reset the AU limit AND keep the original open date??  Fingers crossed... :)

This is supposed to happen in May so I will update the thread once I get the card.

secondcor521

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4885 on: April 20, 2021, 04:09:07 PM »
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card.  Letter says it will have a new #.  Yahoo!  Any predictions on if that will reset the AU limit AND keep the original open date??  Fingers crossed... :)

This is supposed to happen in May so I will update the thread once I get the card.

Why did this happen?  Did you ask for it, or did the old product/card go away for some reason, or ...?

katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4886 on: April 20, 2021, 04:16:17 PM »
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card.  Letter says it will have a new #.  Yahoo!  Any predictions on if that will reset the AU limit AND keep the original open date??  Fingers crossed... :)

This is supposed to happen in May so I will update the thread once I get the card.

Why did this happen?  Did you ask for it, or did the old product/card go away for some reason, or ...?

Product going away.  Here are 2 links from DoC.  I did not think anything of it when these first popped up.  Maybe others will get lucky too!

https://www.doctorofcredit.com/barclays-financing-cardholders-to-be-converted-new-barclays-view-mastercard/

https://www.doctorofcredit.com/barclays-visa-with-apple-rewards-to-be-replaced-with-barclays-view/

MoneyTree

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4887 on: April 20, 2021, 06:11:59 PM »
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card.  Letter says it will have a new #.  Yahoo!  Any predictions on if that will reset the AU limit AND keep the original open date??  Fingers crossed... :)

This is supposed to happen in May so I will update the thread once I get the card.

Fingers crossed! My Barclays arrival has supposedly been discontinued for a bit, I haven't gotten any such letter. But then again, I'm still going strong. I've had 44 Authorized Users on that card, so I'm expecting to hit the limit any time now.

frozen

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4888 on: April 22, 2021, 02:51:17 PM »
Are people still able to add users to Fidelity/Elan online? I tried, but there is a message that I need to call them. Anyone else experience this?

katsiki

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4889 on: April 23, 2021, 12:16:22 PM »
Are people still able to add users to Fidelity/Elan online? I tried, but there is a message that I need to call them. Anyone else experience this?

Sorry to say I don't know.  My fidelity card was shut down a while back.  Hope someone else knows the answer.

thedigitalone

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4890 on: April 23, 2021, 04:28:32 PM »
I'm not playing the tradelines game, but I added my teenage daughters as AUs to help with their credit history and we also got them signed into Credit Karma to watch for fraud.  I was surprised to see that they can see the credit line balance and limits via Credit Karma, so you are giving up a tiny amount of personal info the the AUs on your account.

chuckster

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4891 on: April 23, 2021, 05:52:10 PM »
I'm not playing the tradelines game, but I added my teenage daughters as AUs to help with their credit history and we also got them signed into Credit Karma to watch for fraud.  I was surprised to see that they can see the credit line balance and limits via Credit Karma, so you are giving up a tiny amount of personal info the the AUs on your account.

Fair, but, that's what they're paying for... adding the limit to increase their "available credit" and the balance to reduce their "utilization"

ducky19

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4892 on: April 24, 2021, 12:46:05 PM »
I recently had a large purchase come up, and it had to go on cc, so I used my best rewards cc for the situation which is my citi doublecash (2% back).  My limit is $9,500 and this purchase brought me to just over $9,000 on the card.  I paid the charge off immediately, so when my statement ends it should post with just a few hundred on it and be well under the 10% utilization.

Is doing this likely to cause a problem or issue?  I am going to run into this same scenario a couple times over the next couple months, and I would prefer to use my best rewards.  I wasn't anticipating that only cc payments would be accepted, so I didn't sign up for any new cards.  I could potentially try to sign up for more cards and easily meet the minimum spend with the other planned transactions.

Is citi likely to give me an increased limit due to spending so close to my limit?  They've been keeping me at $9,500 so I am just out of the next pricing tier for TL, and they've denied my last couple requests for credit increases.

It's unlikely but possible.  As I'm sure you know, CCs typically only report statement balances to the CRAs, but they are not restricted from reporting it at other times, so you conceivably run the risk of the CC reporting a mid-cycle balance (for whatever reason) and then aggravating any AUs you have on there.

For simplicity's sake and to avoid any risk of the above, I separate my daily CC usage from my piggybacking cards.

Spending close to your limit might induce Citi to raise your limit.  Usually that's one factor they look at.  The other big one is your reported household income.  And then of course your overall credit score and history.

I suspect, but cannot confirm, that AUs looking at their card options will pick the highest limit and oldest card within a given price range.  So if your Citi gets raised to $10.1K, and it's now mixed in with a bunch of other cards that range from $10K to $20K for the same price, I would imagine that a hypothetical AU would pick someone else's $19.8K limit card over yours.  So you have to decide if that tradeoff is worth it to you.

But AUs are not the most rational of financial actors, and I can't fully explain the relative popularity of my cards' slots with the above logic, so it's maybe just a hypothetical concern.

Not sure this is the case with all companies, but I have looked at their inventory from a buyer's perspective before (out of curiosity). While they typically pay us a set amount in a range, the cards will have a different price tag on the consumer side based on age and limit. So just because you get a limit raised that puts you into a higher pay bracket doesn't mean it's going to cost significantly more for the consumer to purchase.

This means that the cards at the high end of a range make the tradeline company more money than those at the bottom, but it likely evens out. I would assume the ranges are just much easier for them than quoting cards at a fixed rate of the retail price.

ducky19

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4893 on: April 24, 2021, 12:47:18 PM »
Are people still able to add users to Fidelity/Elan online? I tried, but there is a message that I need to call them. Anyone else experience this?

I just had an AU for my Associated Bank (Elan) card. Their website was down, but I was able to add the user using their mobile app. I'm not sure how that equates to other Elan cards, though.

ducky19

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4894 on: April 24, 2021, 12:48:42 PM »
Just got a letter that my formerly best selling card (hit the max # of AU's) with Barclays will be reissued as a different product/card.  Letter says it will have a new #.  Yahoo!  Any predictions on if that will reset the AU limit AND keep the original open date??  Fingers crossed... :)

This is supposed to happen in May so I will update the thread once I get the card.

Fingers crossed! My Barclays arrival has supposedly been discontinued for a bit, I haven't gotten any such letter. But then again, I'm still going strong. I've had 44 Authorized Users on that card, so I'm expecting to hit the limit any time now.

Wow, 44 users, really!!? My Barclay lifetime limit has always been 30, same for my wife. I wonder why there is such a range?

ducky19

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4895 on: April 24, 2021, 12:54:41 PM »
I was sure I saw something about Discover cards recently, but I can't find the post now. It was in reference to the apparent date limit on adding another user to your Discover card. I recently had one user on my card, and even though it says I can have up to 5 users it said that I couldn't add another until 5/18/21. I received an order for this card and was told that you can still call the order in. I tried it, spoke with a US based CSR who was able to help me add the user in about 10 minutes. Just wanted to throw that out there in case others have run into this issue with Discover.

MoneyTree

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4896 on: April 24, 2021, 05:03:17 PM »
Wow, 44 users, really!!? My Barclay lifetime limit has always been 30, same for my wife. I wonder why there is such a range?

Yes. I don't ask questions, I'm happy to just let the gravy train keep running as long as it will go ;-)

I was sure I saw something about Discover cards recently, but I can't find the post now. It was in reference to the apparent date limit on adding another user to your Discover card. I recently had one user on my card, and even though it says I can have up to 5 users it said that I couldn't add another until 5/18/21. I received an order for this card and was told that you can still call the order in. I tried it, spoke with a US based CSR who was able to help me add the user in about 10 minutes. Just wanted to throw that out there in case others have run into this issue with Discover.

Thanks for the tip! My Discover Card has been sidelined for quite a while, waiting for the AU lockout period to end, so I might try making one slot available to see if I can add via the phone.

MasterStache

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4897 on: April 27, 2021, 05:13:05 AM »
I was sure I saw something about Discover cards recently, but I can't find the post now. It was in reference to the apparent date limit on adding another user to your Discover card. I recently had one user on my card, and even though it says I can have up to 5 users it said that I couldn't add another until 5/18/21. I received an order for this card and was told that you can still call the order in. I tried it, spoke with a US based CSR who was able to help me add the user in about 10 minutes. Just wanted to throw that out there in case others have run into this issue with Discover.
+1 to this. My Discover says I can add again online although I have yet to try. P2 still has a date listed but calling in to add the AU was successful. 

Rhinodad

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4898 on: April 27, 2021, 12:13:55 PM »
Just got the dreaded letter yesterday from Bank of America. This after having the card for like 12 years, and only doing Tradelines for 4 sales. C'est la Vie. Doesn't make a whole lot of sense to me, as they shut down all the cards, and one of them I actively use...so they won't see that income.

BikeFanatic

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Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4899 on: April 27, 2021, 12:35:22 PM »
BOA shut me down too. I heard you can only add one user at a time to them, I had added like 2-3 OH well.