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

[arebelspy]

I just added a 2 year old 15k limit card... Was offered $25.00 which seems kinda low but I haven't been able to do anything with it anyways so may as well list it. If good company would take it I believe the payout would be $75 instead.

That payout must be for under two years. Once it's two years it should be at $75 if it's exactly 15k, $125 if it's at 15,001+. If I were you I'd lock it and wait for it to hit 2 years. Going from $25 to $75 (or 125) is a big difference.

Also, just a reminder to everyone to call and bump your limits -- going from $20,000 to $20,001 and making your payout jump from $125 to $175, for example, is a big difference, especially given the amount of work of adding an AU and the risk is the same, and just takes a 5 minute call or online change.

[Riker626]

On May 26th I got an email from Discover stating they were going to merge with Capital One.  The old company does not use Capital One anymore and I have not gotten a news letter on this.

Does anyone know how this will effect Discover?

Thanks in advance

[tj]

On May 26th I got an email from Discover stating they were going to merge with Capital One.  The old company does not use Capital One anymore and I have not gotten a news letter on this.

Does anyone know how this will effect Discover?

Thanks in advance

It's probably going to take years for them to fully combine.

[katsiki]

Hey guys,

I just got a news add for my 25k Chase. I get two every 4 months almost like clockwork.
I have couple cards with them , a biz a checking account .
Today’s add has a citizenship status as Brazil.
I know the good company does their homework but would this be an extra red flag to Chase?
I have $$ on another of theirs 0% balance xfer so I don’t mind taking the extra risk but this seems even more riskier. Thoughts?

I don't know about Chase in particular but I have had at least 2 non-USA citizenship AU's with good company.  No issues.  When I encountered my first one, it made me nervous.  I reached out to the nice lady at the good company and she explained that they did not restrict it to only USA or similar.  I went with her guidance.

[MoseyingAlong]

Couple updates:

USAA blocked all my accounts a couple days ago. When I called in, it was because of the AUs added.  So I got an explanation of why they think it's a security risk for myself and USAA. I had already decided to stop with that one, so this just confirmed that decision.

Other issue is payment with the "bad" company. In the past, he usually sent payment after a couple reminders. This time I've sent my 5th reminder with no response.  This might be because I had stopped all my cards with them so this would be the final payment. I'm curious how their supply of cards is that he just doesn't seem to care that he's driving people away.

[secondcor521]

Other issue is payment with the "bad" company. In the past, he usually sent payment after a couple reminders. This time I've sent my 5th reminder with no response.  This might be because I had stopped all my cards with them so this would be the final payment. I'm curious how their supply of cards is that he just doesn't seem to care that he's driving people away.

It's a puzzle to me too.

FWIW, I stopped working with Company That Pays Late for that reason.  I realized that there was always going to be a "tail risk" of any outstanding payments due me when I stopped.  IIRC it was about $1100, and I did get paid eventually after numerous reminders and escalations to ARS.  You might try PM'ing @arebelspy and see if that does the trick.  Can't hurt.

[chuckster]

Other issue is payment with the "bad" company. In the past, he usually sent payment after a couple reminders. This time I've sent my 5th reminder with no response.  This might be because I had stopped all my cards with them so this would be the final payment. I'm curious how their supply of cards is that he just doesn't seem to care that he's driving people away.

It's a puzzle to me too.

FWIW, I stopped working with Company That Pays Late for that reason.  I realized that there was always going to be a "tail risk" of any outstanding payments due me when I stopped.  IIRC it was about $1100, and I did get paid eventually after numerous reminders and escalations to ARS.  You might try PM'ing @arebelspy and see if that does the trick.  Can't hurt.

Yeah I had to bug Bad Company once a week for six weeks to get a reply. And when he did finally get back to me, he said he'd only paid for orders from 2024. Even though their policy says they pay by the next month after the three months the AU is on the card and some of my 2025 orders from early in the year should have been old enough to get paid by now.

So I guess the new policy is he'll only pay once a year and it'll take a month or two of nagging to get it done?

[arebelspy]

Yeah, that basically seems the case for awhile. :( I stopped recommending them a long time ago unless you're desperate.

Good Company is great still, but sales are slow due to saturation. The Test Company I'm working with seems like the best of both worlds to me -- new enough to not be saturated with cards (sold slots on 6 different cards the first month) and a huge imbalance of AUs to cardholders, but still doing things right as far as I can tell.

Definitely would (continue to) recommend anyone with cards still with new company/bad company/slow pay company switch them elsewhere, unfortunately.

[arebelspy]

tl;dr for below: Testing a new company. Looking for a few people to test with me. PM me if you're interested.

A month after this post, I'm ready to officially endorse another TL company for the first time in 8+ years.

See the new thread here:
https://forum.mrmoneymustache.com/share-your-badassity/tradeline-thread-part-iii-$1000hr-20-40kyr-side-gig/

Anyone who's still on "new company"/Slow Paying Company, I'd recommend moving your cards (and even people on "old company"/Good Company, if you want more sales, I'd consider moving your cards; I've switched all mine over personally).

I'm locking this post, feel free to move all TL discussion over there. If you have notifications or emails turned on for this thread to keep abreast of people's experiences/questions, feel free to turn it on for that post.