The Money Mustache Community

General Discussion => Share Your Badassity => Topic started by: arebelspy on December 28, 2016, 11:57:42 PM

Title: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 28, 2016, 11:57:42 PM
Welcome to the NEW Tradeline Sales Thread!

If you want a referral to the tradeline company I recommend, Click Here To Send Me a PM (http://forum.mrmoneymustache.com/pm/?sa=send;u=25).

This thread is a new thread to discuss tradeline sales.  The old thread can be found here (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-$600hr-20-40kyr-side-gig/). (It is not necessary to read it, all of the relevant information has been moved to this thread, but I'm providing a link for reference's sake--there was lots of discussion around this topic in that thread if you want to read more after reading this newer thread.)

I started this new thread, rather than keep using the old one, for a few reasons:

If you already read the old thread, you can skip this first introduction post, as the bulk of it is duplicated, and jump straight to the first reply, which contains information about the new company being recommended (http://forum.mrmoneymustache.com/moderators-only/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1356358/#msg1356358).

(Note: Most of the below information in this post was from the old thread, but it has been edited/updated to reflect changes over the last five months in things like commission schedules, cards accepted, etc. so it is current as of this posting, and will be regularly updated if anything changes.)

If you didn't read the old thread, but just saw the title of this thread, the first thing you're asking yourself is:

Is this real?  It sounds too good to be true.

Yes.  It absolutely is real.  In 6 1/2 months (since mid-June), I've earned over $16,000.  Other Mustachians--since I posted the first thread about it in July--have signed up and earned thousands of dollars as well.  It's definitely real, and it's paying out many thousands of dollars every month.  It's not a scam, it's a way to use your credit cards to generate massive amounts of money for almost no work, legally.

I estimate my wife and I will net between 20k and 40k per year for an hour or two a month of work by this activity: selling trade lines on our credit cards.  This post is to introduce you to the idea, if you aren't familiar with the concept, or give more info if you've heard of it, but haven't looked at it closely yet.

What Is It?

Essentially, you are adding authorized users onto your credit cards, temporarily (for a month or two, before you remove them), and getting paid to do so.

Huh? What? Why? How does it work?

As you know, many things in our country run on credit, and if you have good credit, you are charged a lower interest rate when you finance things. If you have bad credit, you are charged a higher interest rate, and pay more money for things.

Due to this, people are often looking to temporarily "boost" their credit score.  If they are going in to buy a car, for example, if they have a bad credit score, they are going to be charged a high rate ("While the average interest rate for borrowers with good credit is between 4% and 5%, subprime borrowers will pay an average of 10% to 13%, depending on their credit score." -Bankrate.com (http://www.bankrate.com/finance/auto/9-steps-to-a-car-loan-on-damaged-credit-1.aspx)).

Instead, they might pay $1000 (or whatever--all the numbers in this post will be illustrative) to a credit boosting company, who acts as the middleman bringing together people who have credit cards with a long history and/or high limits, and people who want their scores boosted.  That company then turns around and pays you $125-275 (depending on the card's age and credit limit). You add the person as an "authorized user" on your credit card you've had open, say, 5 years that has a $15,000 limit, and no late payments ever, and you spend a few bucks on the card, so it closes with a balance.

This new authorized user never receives a card, and can't spend any money on the card (see more details on this below).

A few weeks later, your credit card statement statement closes, the credit card company reports to the credit agencies that this individual is an authorized user on this card, which now, due to the amount of time the card has been open and the extra available credit, boosts their score.  They go buy the car, and save a bunch of money on interest.

A month later, you remove that person as an authorized user.

Okay, so, how much can I make?

Well, depending on the card, you can sell 2-5 trade lines (authorized user spots) every other month (i.e. two month cycles).  The amount you make depends on your card: how old it is, and how large the credit limit is.  The older it is, and the larger the credit limit, the more it helps the AU, and the more you get paid.

The payout schedule is as follows:
(http://img.photobucket.com/albums/v65/arebelspy/Travel%20Pics%20for%20MMM/currentrates_oct2018_zpscfib4zgw.png)
[Updated for new payout schedule as of Oct 1, 2018. Old Payout schedule here (http://img.photobucket.com/albums/v65/arebelspy/Travel%20Pics%20for%20MMM/Payout_Schedule_zps2gqpz6hi.png)]

(With caveat: the bold ones are normally $25 less--for Mustachians they are as posted, if you use me as a referral.  See disclaimer at bottom of this post.)

Some cards they cap to 2 tradelines to help them from getting cancelled (see below), while other cards where the credit card company doesn't tend to cancel you might go up to 5 lines.  Ditto with how often they fill the lines up--some they keep for two months, some they will load up every month.

So say you have a Bank of America card (2 spots), Barclay (5 spots), Citi (5), Discover (5) and US Bank (5), and they all had between a 10 and 20k limit, and were all 2-20 years old.  You'd be making in the range of $125 (for the 2-7 year old, $10-15k cards) to $175 (for the 8+ year old, $15-20k cards).  Say an average of $150 per tradeline.

If you sold all of those (22) spots over the course of the two months, you'd make $3,300 (22 spots x $150/spot) per two months, or $19,800 annually.

Now imagine you had more cards than those five, or that you a spouse also that you enroll...

The numbers can get very silly very quickly.

Some months are slower (less people using credit, it's cyclical) so you might not make as much, some months you'll fill up everything.

What credit cards can I use?
Any card issued by: Barclays, Citi, Discover, PNC, USAA, US Bank, Bank of America, Capital One, Elan Financial, Worlds Foremost Bank, or Chase.

These are the eleven issuers right now that the company I recommend uses.  Cards issued by other companies tend to not post correctly (e.g. you add the AU, but it doesn't show up right for them) or have the card cancelled (see risks, below).

Those eleven tend to reliably post and not cancel cards.  Other companies may support other cards, but they may carry additional risk and hassle, and those companies may not be as reliable in terms of fraud and abuse (see below, as well as the rest of the thread for discussion). 

Concerns:
Is this illegal?
Not at all. Totally legal.  Also very likely against your credit card terms of service though, so you are at risk of them closing your credit card account.

What if the Authorized User spends a bunch on my card?
Not possible--they never get a copy of the card.  It's sent directly to you, to your address on the account.  Even if they call for a replacement card or something, A) They won't have the information needed to "verify" your account (like last 4 of your social, or your DOB, or anything about you), but further, even if they could, the replacement card is also is sent to your address.  As an authorized user, they can't change any info on the account, nor get a card shipped to them.  They'll be on the account for a month or two, and then removed, with no access to do anything on the account, nor any account information, nor the ability to spend any money.

The company I recommend has NEVER had an AU get a card and spend money on it, and they've been doing this for ten years. My previous recommendation, who has been in business four years, have also never had that happen.  Fourteen combined years, thousands and thousands of tradeline sales, zero instances of this.  I'm not worried about it happening in the slightest.

Do I need to have a good credit score?
No, not at all.  Your credit score never shows up on their account, at all.  Just the card(s) you enroll be in good standing, with no late payments ever.  The longer they've been open, the more likely someone is to purchase a tradeline on them. So the cards need to be good, but your credit itself doesn't matter.

What if the credit card company finds out? What if my card gets shut down?

That's the big (potential) drawback to this: your credit card company might close the card.  The tradeline company I use does some things to mitigate this, like I mentioned above: having you leave the AU on for two months instead of one, limiting certain cards to only 2 tradelines (other companies that have been less likely historically to close cards they do up to 5 tradelines).

In a worst-case scenario, the credit card company may shut down other lines and accounts you have with them besides that one card, and/or refuse to issue you new cards.  Chase is the only one I'm aware of that does this, so be careful with them, but the other companies, if they shut your card down (which is rare) will likely only shut down that one single card, not any other accounts with them, nor refuse to issue you any new credit.

Will this affect my credit score?

It doesn't affect your credit report, or score, at all.  Having an Authorized User, or not, is not a criteria on a credit report/credit score. (If it did, that obviously would be biased--either for or against--someone who is married, for example, and has an AU to add.)

If your card gets shut down, that could have an impact on your score (from having less "available credit"), however it won't affect it from merely being closed--the card, even when closed, still shows up on your credit report (for I think 10 years?), and the reason closed is the same as if you called them to close it, there's no hit as to "why" it closed.  Just the potential small hit from amount of available credit (e.g. affecting DTI).

If your card isn't closed though (which, again, from what I understand, it's not common for them to get shut down), there's obviously no change to your credit score.  In fact, your score will likely go up when you first start from calling and raising up your credit limits.

Isn't this unethical?

I guess that depends on you.  When you add an authorized user, it usually asks what your relationship to the person is, and you choose: Spouse, or Other (some CCs have "Spouse, Child, Other" and similar options..., but there's always an "Other" choice from what I've seen).  I, obviously, choose other. 

Adding them, or removing them, doesn't require lying, or doing anything illegal.  You add someone online, and then call to remove them.  I actually did this the other day, I called and said "I have two authorized users on my account I'd like to remove."  The customer service lady said no problem, had me verify their names, she confirmed they were removed, I said thanks, have a good day, that was it.

It does potentially violate the credit card company's terms of service, which means they (as a recourse for that violation) can shut down your card. Okay.  I obviously don't have a problem with it.

Our credit card system in the U.S. is unique. The credit card companies make billions each year on people paying interest.  I'm not too worried about them.

One more perspective--as Meadow Lark said in her journal when someone asked about the ethical implications:
"I don't see it as fraud.  It's not illegal. I'm not saying the AU is my kid or my husband - there is no lying.  There are a lot of different ethical frameworks people have.  Within my framework, this is ethical.  It's fine if we disagree.  I believe there is nothing wrong with helping other people improve their credit.  I believe there is nothing wrong with profiting from a loop hole in a financial system that was designed to foster increased income inequality.  I could go on and on, but I don't want to bore you."

If you feel it's unethical, that's fine.  It's definitely not worth doing anything you feel is unethical simply for money.  Steer clear, in that case. :)

Okay, so what do I do to get started?

Well, you go to a trade line sales company and sign up with them.  Be careful, because some are sketchy.  Make sure you research into one that is legitimate, an actual business that has been around for several years, etc.  Look into complaints about them and such.

The company I use, I chose because I got a good recommendation from a fellow Mustachian, researched into it, and they are totally legit.  If you decide to proceed, you will sign a contract, sign up for payroll, they 1099 you, etc.

I won't put more details here, because this post is just to introduce you to the concept of the idea, not spam/shill for a particular company.  If you want me to refer you to the company I use, send me a PM.

After you choose a company, and sign up with them, you'll want to go to CreditKarma.com (http://www.creditkarma.com), make a list of all the cards you have, the statement close dates, credit limits, and when they were opened.

Then you'll may want to call each of the CC companies to increase the limit on the cards you have (higher limit = paid more for the trade line).

Then you just add users when you're instructed, and given the information for the AUs.

So how much actual work is it?  What does it actually look like, step-by-step? How did you calculate that dollar per hour figure in the title?

First, as above, you sign up with the company and send them the info on the credit cards you want to enroll (you don't send them numbers or anything, of course, just which cards you have--the issuing company, limit, and how lont it's been opened).

Then it looks like this:
1) You get an email that a user needs to be added.
2) You go to the website of your CC company, and add the Authorized User online (time = 2-3 min)
3) You spend $ on the card (you can use it for any normal spending, which I have done, sometimes paying a bill online or whatever with each individual card, or if I have no spending I need to do on a CC, I load my Amazon gift balance with a few bucks on the card--but the card does need to have some balance on it when it closes to have it report correctly) (time = 2-3 min)
4) After a month or two, you call up your CC company and ask to remove the AU (time=5-15 minutes, depending on how long you're on hold).

I also spend a minute or so per card plugging it into my tracking spreadsheet (see previous post for an example of my spreadsheet (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-$600hr-20-40kyr-side-gig/msg1155204/#msg1155204)) when I add the user and do the spend, and when I pay the card off.

Total payment for this time = $225 (for my average card, yours might be a bit higher or lower).  Total amount of time = ~10-20 min.  Hourly rate = $700-$1300-ish per hour.

How do I report it to the IRS?

Like any other income.  If you choose a reputable trade line company, you'll get a 1099.

Warning

Let me repeat again, even though I mentioned it above: This has risks.  It is almost always against the credit card company's terms and conditions.  You should understand the risks before committing to anything like this.

They can, and very well might, shut down your account.

The way I've made my peace with it:
If someone came to me and said I'll pay you $50,000-$100,000 to shut down all your old credit cards (with the caveat that it won't hurt my credit score too much*), would you do it?  Heck yes, I would! I'd jump on that deal in a heartbeat.  So even if, over the next few years, ALL my CCs I'm using end up getting shut down (which I'm highly doubtful of), I'd accept that trade.

*It wouldn't affect my credit score much at all--the cards would still stay on my credit report for 10 years, and I'd still have other cards (like Amex, which aren't in this program) boosting my score.  It'd just hurt my DTI since I'd have less available credit, but I don't have any CC debt anyways, so my utilization is always near 0 anyways, plus I can open new cards.  I do all the time anyways, for travel hacking.

So you'll pay me tens of thousands of dollars in order to shut down my older cards, but leave them on my credit report, but just have to open some new ones to increase my available credit again, and start those aging?

Great!

Heck, the only reason I have those old cards is to boost my credit score--I have no use for them otherwise.  So if it'll still stay on my credit report for 10 years, still showing a long, positive payment history, then why not use them to make money with them also?

Yes, I'll take that trade.  Especially given that the cards may not necessarily be shut down, and you can stop doing it any time.

So, like I said, I don't know which, if any, cards will get shut down.  If some do, maybe I'll stop with the rest at that point, maybe I won't, but I've made my peace with the fact that the CC companies don't like it, and may shut it down, by thinking of it in those terms.  I'd absolutely take that trade, so why not try it out for the next year or two and see what happens?

Again, if you want a referral to the company I use, feel free to PM me, but I don't want this to turn into spam/shilling for certain companies--we've already seen high traffic for it from Google, and I know from being contacted that it's on the radar of some of those companies, and I'd rather keep the spam out.

This sounds pretty awesome, how do I get started?

If you want a referral to the tradeline company I recommend, Click Here To Send Me a PM (http://forum.mrmoneymustache.com/pm/?sa=send;u=25).

I think that just about covers everything.

Feel free to post any questions you have and I'd be happy to answer.

Please see the next post for more details on the company I recommend.

If you want to read more discussion around the legality, ethics, and lots of random questions (mostly about an old company I'm not currently recommending), go read the old thread (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-$600hr-20-40kyr-side-gig/) on this.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 28, 2016, 11:58:02 PM
Okay, so the above post explained what selling tradelines IS.  Now let's look at the two companies I believe are the only ones worth using, from my research: A previous recommendation, and a new one.

Comparison of Two Companies: Short Analysis

After spending 15+ hours on the phone spread over a half dozen calls or so (yes, the average length was about two hours each, highest one was 4+ hours) with the founders of multiple tradeline companies, mostly with the previous recommendation and the new one, plus many, many emails, I have a new recommendation for tradeline sales.

This post is if you just want the short summary. The immediately following post will have more details.

Bottom line: I do have a new company I'd recommend using (as before, you can PM me for info on which company it is).  The old company is still good, too.  In fact, if they were accepting new members, or new cards from old members, I would be fine recommending them as well, mostly as a secondary backup (but see notes on this, below).

If you already have cards with them, and want to keep them there, that's absolutely fine--I have no negative things to say about the old company.

I do think that switching is a better move (as I think you'll sell more lines, even keeping it in the low "don't cancel me" range), but I wouldn't argue someone going with a company they've been using for months and happy with.  Or even putting some cards with one, and some with the other, for diversity's sake.

They are the only two companies I can recommend, based on one primary reason: how they both handle verifying user's information.  Again, more details in the next post.

Comparing to the old recommendation, the new recommended company:

The downside of the new company:

Okay, so that was the short version!  If you want more details, there's more information in the very next post on all of the above bullet points.  It's difficult to compress 15+ hours of phone calls, research, etc. into just the salient points.

If you're satisfied enough with that information, feel free to send me a PM for a referral to the new company, if you want all the details, read on.  :)

Disclaimer: I will ask you use me as a referral.  It will not lower the amount you are paid whether you mention I referred you, or not.  In fact, in two categories with the new company, you will make more using me as a referral.  You do not have to use me as a referral, however, if you do not wish to.  Regardless of any referral fee, I'd recommend the best option. There is no difference in referrals from either company, so it had no bearing on my recommendation, but even if there was, I wouldn't hesitate to share the one I thought was better, not the one that gave me a higher referral fee.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 28, 2016, 11:58:21 PM
Comparison of Two Companies: Long Analysis

This post is to go into more details on each of those things, so I'll go bullet point by bullet point and expand on each one with details.

Quote
  • Has been in business longer (much longer)--not fly-by-night as many are.  (So it's ironic that I'm calling it the "new" company--I mean that only in the sense that it's the new recommendation.)

The new recommendation has been in business over 9 years, since 2007--they're the longest running tradeline company.  There were others that were in business when they started, but have all gone out of business since then, they're the only one around from that time.  The previous recommendation has been in business for four years.  Plenty of time for me to be comfortable with either one, versus some of the "fly by night" places that I'd worry wouldn't be around to issue a 1099 come tax time.

Quote
  • Pays the same or more (as the new payment schedule of the old company that went into effect Dec 1) for every category of card (with caveat: it's lower for two categories for general signups, but I negotiated it up only for Mustachians so that it's the same or higher in every category, see disclaimer at very bottom paragraph of this post for details)

The payout schedule for the new recommendation, compared to the old recommendation, is as follows:
(http://img.photobucket.com/albums/v65/arebelspy/Travel%20Pics%20for%20MMM/Payout_Schedule_Comparison_zpsrdaeszny.png)

[EDIT: See first post in this thread for new rates as of Oct 1, 2018--they are still the same or higher in almost every category, but there's one now that is $25 lower, I believe.]

The two bolded categories in the new one are $25 less for someone contacting them after finding them on Google (or wherever), but--since it was less than the old recommendation just for those two categories, I negotiated a bump up for Mustachians if you use me as a referral--that bold number reflects the $25 bump, but you will not earn that if you don't use me as a referral.  See disclaimer at the bottom of the previous post, or this one, for more details on this.

As you can see, this company:

So if we compare the old company (with their current payout schedule that started in December, obviously), and look at the 10-20k, 2+ year range, they pay $125.

The new company, if it's in the 10-15k range pays $125 also (again, only if you are a Mustachian/use the referral) if it's 2-7 years old, so the same as the old company, but will pay an extra $25 to make it $150 if it's 8+ years old.  And if it's in the 15-20k range will pay 150-175 based on age.  So if you have an 8 year old, 15k card, they'll pay $175 instead of the old company's $125.  Times 2-3 tradeline sales every other month times, say, four cards, that's an extra $3,000 over the course of a year.  The small amounts add up.

In the 20-30k range, the old company pays $175, the new one $200-225.  In the 30-40k range the old one is $200, the new one is $250-275.  For 40k+ cards, the old company pays $225, new one pays $275 or up.

As above, those small differences can add up.  For a real life example, on my cards in Nov/Dec, I sold 24 lines so far (between myself and my wife, for both months) and got paid an extra $525 over what I would have at the old company (7 lines paying the same, 17 paying $25-50 more, based on either age or being in the top half of the payment bracket).  Over the course of a year, that's an extra $3,150.  Those little $25s can add up.

And that's not counting the fact that I'm selling more lines.  (See the next question.)

Quote
  • Has more AUs buying lines = you sell more lines per month = you make more money.  I switched all my cards to them, and have made more in sales than ever before.

So we've all seen that the old recommendation has an issue with selling the lines they have.  We (Mustachians) flooded their inventory with CCs, and they don't have the AUs to keep up.  I immediately saw my number of sales drop, they had to suspend enrollments for a few weeks, and then, after opening them back up for a short period, suspending them again for the rest of the year.  And sales have been quite slow since then.

Some users are seeing sales (I've gotten PMs with details), but others are seeing only a few, or none at all.

I do think we will somewhat flood this company, too, at first, but I am more confident in their ability to fill out tradelines for two reasons:

Allow me to elaborate on this last one, as it's really one of the key reasons why I'd recomend this new company, to the point of it being worth switching even old cards.

The new referral company uses a network of affiliates.  This network has been built up over the last ten years that they've been in business, such that they rarely advertise for AUs anymore, because these affiliates bring them AUs.  These affiliates are people who resell the tradelines to the referred company, which acts as a wholesale supplier of the tradelines.

These people are from a variety of professions, but examples include people in the mortgage business, a used car dealer, someone connected to international students, credit repair companies, etc.

Basically all of these people who have been in their network for a long time will have people who need to boost their credit for some reason or another (to improve their credit, to purchase a car from them, that sort of thing), and these people will sell the tradeline to that AU at a higher price, bring the AU to this company, who will run all the ID verification and checks for them, then sell them your tradeline, and pay you.

So basically they have a ton of people bringing them AUs, which means they have a much higher demand, which means more sales.  That huge network of affiliates is key to maximizing income on this, and selling lines regularly.

Quote
  • Pays out quicker (after 4 weeks, rather than at the end of the next month).

The old company pays out at the end of the following month.  So if you have a tradeline sale at the beginning of one month, you'll be waiting 8 weeks to get paid on it (the end of the next month).  Your best case scenario is if you have a tradeline sale at the end of the month, so you'll only be waiting until the end of the next, four weeks.  That's the quickest payout, but all range from 4-8 weeks, with the old company.  Most sales will likely average around 6 weeks before payment.

The new company pays out 4 weeks after your closing date every time (so you may get paid mid-month, or beginning of a month, or whatever), so matching the best time by the old company, and halving their worst time.

Not a big deal for Mustachians, most likely (we can wait to get paid, unlike many people living paycheck to paycheck), but it certainly doesn't hurt to get paid earlier.  :)
 

Both companies now pay out the same time, the end of month following the closing date of the add.

Quote
  • Does identity verification on all their AUs & does not accept CPNs (a deal breaker, if they did)

This is true of both the companies I recommend (the old and new one), and of very few, if any, others (the first part--many do not accept CPNs).  Make sure, if you go with any other tradeline companies, you VERY thoroughly grill them on how they verify their AUs.

So first of all, CPNs, as have been mentioned in the old thread, are deal breakers.  CPNs (Credit Privacy Numbers) rather than SSNs (Social Security Numbers) are often used because a person doesn't want to use their SSN. That's a big red flag, because it means they may not have one, or because they're intending to do something shady. It's not always the case, and there could be a legitimate use of CPNs, but the fact is there's a much higher instance of fraud with them.  This is bad for two reasons: liabiltiy (you don't want someone likely to commit fraud being an AU), and it leads to a much higher rate of shut down for your cards.  So CPNs are out.  Luckily, neither company allows CPNs.

Most don't, however.  The thing that sets these two companies apart from many others I recommended is how they verify the identity of potential AUs. 

Both companies have essentially the same process for verifying potential AUs, and use the same third party company to vet the AUs identities (I was asked by the owners of both independently to not post the name, because of other competitors potentially reading it).  They collect ID (driver's licenses or passports), Social Security cards (or use a verification of social security number form from the IRS called an SSA-89: "Authorization for the Social Security Administration (SSA) To Release Social Security Number (SSN) Verification Form").   There are various software searches they run which will alert them to red flags (addresses or phone numbers not matching up, for example), which will allow them to ask for more documentation/proof.  This is then stored securely by that third party company in case of potential issues down the line.

The idea is that if a bank or credit issuer comes later asking what you did to verify this AU, you have evidence that you attempted to do so, and how.  This is MAJORLY beneficial for someone worried about tradeline sales for two reasons:

If you're wanting to commit fraud, you'll go to the shadier companies that don't verify all these things in these strict ways.  So there's a much, much higher chance that the AUs you're getting are legit and there won't be issues.  These two companies are the strictest ones on this, as far as I can find.

Quote
  • Accepts all the same cards as the old company (six card), and even five more cards the old company does not. Complete list: Barclays, Citi, Discover, PNC, USAA, US Bank, Bank of America, Capital One, Elan Financial, Worlds Foremost Bank, and Chase.

Old company accepts six: Barclay, Citi, Discover, PNC, USAA, or US Bank

New company accepts eleven: All the same six, plus: Bank of America, Capital One, Elan Financial, Worlds Foremost Bank, and Chase.

No other explanation needed.

For Chase, you have to "pair" it with another card.  Chase won't post on its own, but if you have a non-Chase card as well, they can sell a slot on the Chase and the non-Chase one to get the Chase one to correctly report by "tying" it to another one via the address.  This can be seen as a benefit, as you'll get paid for both sales, or a hinderance, as it may deter some AUs, so you might get less sales on the Chase card.  Either way, they accept it, which the old company no longer does, so it's better than not being able to use it at all.

Quote
  • Accepts cards less than two years old, and between a 5k-10k limit, neither of which the old company does (though they prefer older, and larger limits, obviously, as they're easier to sell)

(EDIT: See this post (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1358547/#msg1358547) for update. /END EDIT)

As you can see in the payout schedule above, the old company only took cards that were at least two years old, the new one will take cards that are less than two years old.  The new one also takes cards with a limit of 5k-10k, whereas the old company only takes ones that are 10k+ limits.

There is a major caveat: AUs usually don't want these cards.  The older cards help their score a lot, and the ones with higher limits help their scores a lot.  Low limits or short history don't really help them.  So you likely won't get many sales on cards that are < 10k limit or < 2 years old.

But even if you only get one or two sales for the year, they'll more than cover the typical annual fee, and have so few AU activity they'll have almost no chance of shut down.  So you won't see many sales, but might as well enroll them to try and pick up the odd sale while you're waiting for them to age.

And if it has a high limit but low age (or vice versa), they may pair it with another card you have to keep the average age up (e.g.  if you have a 10-year card and a new card, each with a 30k limit, they might add both, to add 60k in credit, and an average age of 5 years between the two cards).

Either way, this certainly doesn't hurt.

Quote
  • More cutting edge on industry requirements and security

So the whole identity verification third party records thing discussed above came about because the owner of the company wanted to keep on top of the industry and make sure they were doing everything they could to comply with regulations.  So he hired a person who works for Chase to advise on how to make sure to keep the banks happy on their requirements.  The job title of this guy was "Director of Compliance and High Priority Regulatory Matters" at JPMorgan Chase (he sent me a snippet of the guy's resume; quite impressive).

Another time, he hired two consultants to the banking industry, the people they bring in to assess fraud prevention, look at FICO and advise the credit bureaus.

We discussed his use of these consultants, and, while I don't feel like I'm at liberty to go into more detail on what exact sort of stuff they told him and what changes he made (not that I know all that much, but a little), but suffice it to say, I was pretty impressed.

His willingness to hire people like this (at a substantial hourly rate) just indicates a really solid business that's trying to stay ahead of the curve, in compliance with all regulatory matters (which is very important to me), and indicates why it's the longest-lasting company in the arena, just solid, long term decisions that make me comfortable that they know what they're doing.

No other company does this, that I'm aware of, even the old one.



So there's all the upsides of this company.

The downside to this company, and the big advantage the old referral has is: technology.

Quote
  • Their technology is much worse (no online portal, everything done manually via emails)

The old company's portal is good (once you figure out how to access the AU's info, if you missed it in the instruction PDF).  Everything is automated in terms of getting notice of the sale, confirming the add, removing AUs and marking them removed, etc.

The new company has a portal, sort of, but it's not in use.  I got a login for it and poked around, and can see why it's not being used.  Right now they manually do everything.  So when you get tradeline sales, they email you with the AU info to add (and, if Discover, email the info that might need to be uploaded).  After you add them, you email them back to confirm you added it.  Later they will tell you when to remove the AU, via (you guessed it) an email.

This could be considered a pro, if you like that personal touch, or a con, if you like it all automated, and less emails.

They are working on tweaking/updating their portal, and their owner swears it will be in use soon, but there's a lot of work to be done from what I can see.  For now, the manual (email) way does work, even if it's less efficient.

They both have great customer service (I might give a slight edge to the old company, other than when we flooded them and they had to put in the autoresponder syaing they'd reply within 24 hours, but both have been great).



Recommendation

So let's talk recommendations.

It should be pretty obvious which company I favor: my new recommendation (otherwise, why would I be recommending them?--but it should be obvious why, if you read the above).  I want to note that both the previous recommendation and the new one are solid companies.  I wouldn't hesitate to use either one, personally.  I do think the new one has an edge in many areas, as outlined above.

If you are just signing up for a new account, I'd go with the new company.  The old one isn't even taking new investors, for now, but even if they were, I don't see a reason to use them at this time.

If you have cards with the old company, likewise, I'd be looking to move them over, mainly for the extra small payment boosts and more lines sold, to maximize income.  If you want to leave some cards with the old company for awhile, that'd fine, too.  Having diversification between companies (i.e. a few cards at each) isn't a bad idea, though I don't see it necessary, as they've been in business 4 years (old recommendation) and 10 years (new recommendation), so I can't see either going away any time soon.

If you do move cards from the old company to the new one, they (the old recommendation, the one you're moving from) asked me to make it clear they do not want cards "back"--i.e. if you've used a card with another tradeline company, since they weren't able to personally verify the information on the AUs used in the meantime, they feel it's at higher risk of being shut down, so don't want to take the risk of using the card.  I feel confident the new company verifies just as thoroughly, but they have the right, of course, to accept or refuse any cards they want.  This would not deter me from moving cards to the new company, but it is something you will want to keep in mind.

What could change to make me refer people to the old company again?  If they upped their payments or started having more AU sales--either through their own marketing seeing more sales, or if the new referral company got even more bogged down than the previous one, and the previous one started seeing more sales that are spread out more due to people leaving them.

Right now, I don't anticipate this being the case, but I could see a future point where the cards have flowed to an equilibrium between the two, and both are good recommendations.

If and when the new recommendation becomes totally saturated (I don't think it will, but if it happens), that could obviously change things.

But as of right now, both companies hit the requirements I have for having me want to work with them in the first place.  I knew of the new recommendation originally, but their payout schedule wasn't competitive with the pre-December one of the old recommendation.  When the old recommendation changed their commission schedule, I started looking into other companies, and this one immediately stood out.  I researched other ones, but none passed the initial tests to make me want to enroll my cards personally with them.

I have enrolled my cards with the new company for the past two months now, I've used them, and gotten my payment from them for the AUs added, and feel confident in recommending them.



Summary

Here's the bottom line.  The new company pays the same, or more, accepts more cards, has more AU requests coming in, has been in business longer, and just generally is a better choice, IMO.  The old company is still a good company, but has fallen behind due to their edge (higher payouts) going away via the updated December commission schedule.

If you want a referral to the tradeline company I recommend, Click Here To Send Me a PM (http://forum.mrmoneymustache.com/pm/?sa=send;u=25).

Disclaimer: I will ask you use me as a referral.  It will not lower the amount you are paid whether you mention I referred you, or not.  In fact, in two categories with the new company, you will make more using me as a referral.  You do not have to use me as a referral, however, if you do not wish to.  Regardless of any referral fee, I'd recommend the best option. There is no difference in referrals from either company, so it had no bearing on my recommendation, but even if there was, I wouldn't hesitate to share the one I thought was better, not the one that gave me a higher referral fee. [/list]
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 28, 2016, 11:58:35 PM
This post reserved for later edits/updates/information.  Basically just a placeholder post, in case I need to add another giant wall of text with new information/updates that I can edit later.  :)

For now, just one piece of information to explain:

Why am I posting this?

When I posted this information originally in July, it caused the first company to get flooded, and immediately affected my tradeline sales, cutting down the amount I was making.  (The extra money made in referrals by those who used me as a referral helps some, but did not make up for this, as each referral is a fraction of a tradeline sale.)

It was suggested to me shortly after posting the thread for everyone that I should delete it, to keep the tradeline site from having even more new people added.  Similarly, it was recently suggested to me that, if I found a new good site, there was no reason I had to post it.

But I did not agree, and I still posted the above information, obviously, and here's why:
1) I would not feel right moving my cards from a company I recommended to a new company, but leaving all the people I had recommended to sit with the old company I was no longer using.  Even though I still feel comfortable with that company, and WOULD use them, just quietly moving my cards and saying nothing feels wrong, to me.  (For this same reason, I feel obligated to contact people I recommended the old company to, in order to let them know I've switched--it's more work, but I feel I have an obligation to let them know that I am no longer using that company.)

2) As I said in the OP, Mustachians have thousands of dollars in the last 5.5 months since I posted the original thread.  That's awesome, to me.  I wouldn't be surprised to see that number shoot up this upcoming year, in 2017.  It gives me warm fuzzies to think of all that money going towards debt payoff, or towards accelerating Mustachians' FIRE paths, or helping reduce sequence of returns risk for a recently FIRE'd Mustachian.

The alternate is those tradeline sales would be going to other credit card holders with those companies, and in all likelihood, they're consumer suckers wasting that money.  Boooo.

Even if I'm making a little less personally, of all of those tradelines sales Mustachians are making, only a few are coming from ones I would have gotten, but many more are coming from those other consumer suckers.  Less for me, but much better in the aggregate for Mustachians!

3) I got a PM from another member several months ago who had made several tradeline sales since I referred them.  Part of that PM said:
Quote
Personally, I'm experiencing a lot of health problems this year that, even though I've been fairly mustachian my whole life, cost more than my disability income covers, so the TLs are a huge help there and also help me feel less stressed about mounting medical bills... This way, I can keep chipping away at them.

So THANK YOU!

That totally made not only my day, but my week, and I still get happy when I think about it.

The bottom line is that I feel more affinity towards this community than I do towards a little more money, so why not spread the love?

So go forth, Mustachians.  Sell tradelines, earn awesome side-gig money, and use it in financially smart ways.  And send me a PM when you do, cause I love to hear it.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 29, 2016, 02:08:56 AM
Temp post.

Thought of something else I want to add, but no time to type up right now.  Nothing major, just clarifying something.

This will be edited to remove this text and post that soon.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on December 29, 2016, 05:19:07 AM
Thanks for the write up.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Polak_maly on December 29, 2016, 06:35:39 AM
I got my Citi card cancelled this way on the 3rd month, with only 2 AUs on the card at the time. So there are risks indeed. Make sure to use cards which you're not using on daily basis.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on December 29, 2016, 06:45:02 AM
*
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 29, 2016, 06:58:51 AM
Thanks for the write up.

No problem.  I'd be doing the research anyways, for my own use with my cards and my wife's, so better to type up and sharing with others.

I got my Citi card cancelled this way on the 3rd month, with only 2 AUs on the card at the time. So there are risks indeed. Make sure to use cards which you're not using on daily basis.

You're literally the first Mustachian out of dozens to report this.  So it's definitely not common.  It is absolutely a risk though, and mentioned several times in the OP.  Don't sell tradelines on a card you can't handle being cancelled.  If you're okay with the possibility of it being cancelled, it's quite lucrative to sell tradelines while you can.  :)

EDIT: We PM'd, and it turns out Polak_maly was using a different tradeline company than either of the two I recommend, and his card was shut down after just a few months.  This is the issue that I have with other companies--they don't verify their users the way the two I recommend (the old, and new, recommendations) do.  Which means higher instances of fraud, and much higher shutdown rates.

That's why there are only two I can recommend, and why I had to do so much research first, because otherwise it's a much higher risk.  I can't find any other businesses taking the precautions/safeguards they do.  :)

Not worth getting cards shut down in a few months, to me, especially if you can go with a reputable company rather than a shady one, and keep it going for a long time.  And that's why no other Mustachians reported shut downs on their cards--they were using the safer, recommended company.

Hope that helps put a few minds at ease.  :)

Though, as I said in the OP, and this reply, shutdowns CAN and DO happen.  They're just much less likely if you use the right companies.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kpd905 on December 29, 2016, 07:10:39 AM
Which CC companies allow you to add and remove AUs online?  I have only used Discovery so far.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 29, 2016, 07:13:19 AM
Which CC companies allow you to add and remove AUs online?  I have only used Discovery so far.

Barclays lets you do both, and Chase.

B of A lets you add online, but you have to call to remove.

Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.

Discover, like you said, lets you do both.

Can't say for Citi or any of the other ones, hopefully someone else will chime in.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Rubic on December 29, 2016, 07:18:24 AM
Posting to follow.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on December 29, 2016, 08:46:48 AM
Which CC companies allow you to add and remove AUs online?  I have only used Discovery so far.

Barclays lets you do both, and Chase.

B of A lets you add online, but you have to call to remove.

Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.

Discover, like you said, lets you do both.

Can't say for Citi or any of the other ones, hopefully someone else will chime in.

Citi definitely lets you add AU's online. I also got a (no pull) slight CLI online. :D
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Txtriathlete on December 29, 2016, 08:49:22 AM
What, in your opinion and research is the minimum marketable age of a card?

I have not historically maintained a large number of credit cards, We have one we use for household and another for travel, plus a third that was issued as overdraft protection that we never use. Two of these are from the companies listed, but neither is a card I want shut down in the event of problems. I *could* open a few new CC accounts over the next several months to just sell tradelines against. Would they be marketable?

Thank you for posting this. I read the other thread but quickly got "lost in the sauce" with all the comments, this is a very nice summary and recommendation.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on December 29, 2016, 09:24:44 AM
Thanks again for the research and write-up.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ss17 on December 29, 2016, 09:30:33 AM
Which CC companies allow you to add and remove AUs online? 
Here's the one's I know:
US Bank: Fax/mail form to add AUs
BOA: Add online, Call to remove
Cap One: Add online, Call to remove
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ss17 on December 29, 2016, 09:33:47 AM
Does anyone know if the new company can use Business Cards?  I'm guessing not, but it would be nice since I have several with large limits.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: merula on December 29, 2016, 09:43:45 AM
Thank you, ARS! I've sold 3 tradelines so far, though if I count time spent reading the thread as work, I'm probably down to about $50/hr. :)

What, in your opinion and research is the minimum marketable age of a card?

I have not historically maintained a large number of credit cards, We have one we use for household and another for travel, plus a third that was issued as overdraft protection that we never use. Two of these are from the companies listed, but neither is a card I want shut down in the event of problems. I *could* open a few new CC accounts over the next several months to just sell tradelines against. Would they be marketable?

Thank you for posting this. I read the other thread but quickly got "lost in the sauce" with all the comments, this is a very nice summary and recommendation.


I also don't typically have a lot of cards open. One thing I'm looking at is getting a new "everyday" card and then using the old one for selling tradelines. It doesn't really matter from a rewards standpoint if my everyday card is 2 years or 2 months old, but it clearly matters from a tradeline standpoint.

Another thing you can do, if you have a SO that you combine finances with (you did say "we"), is get a new version of the same type of card in their name, and moving the one in your name to tradelines.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Joel on December 29, 2016, 09:52:29 AM
Posting to follow. I may give this a shot on some of the credit cards we no longer use.

Would I need to open one account for me and one account for my wife? (Some of the cards are in my name and some of the cards are in her name)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: enginerd1986 on December 29, 2016, 09:56:17 AM
Thanks again, Joe. You really take much of your time researching and writing this information out. I feel as though we are mooching off of your efforts. Hopefully, we'll all be able to return the favor in the future or at least help others in the way that you have helped us. Best wishes in 2017!

T.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoping2retire35 on December 29, 2016, 10:30:18 AM
here
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NinetyFour on December 29, 2016, 11:01:56 AM
Following.  Thanks, Joe!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on December 29, 2016, 11:19:52 AM
Thanks a ton for the write up ARS!
And for sharing your research and being transparent about moving!

I hope I can get in this time. Last time, by the time I had done enough of my own research to feel comfortable, they were not accepting any new signups anymore / yet.
I only have one card I want to use for this in the first place.

Also, little side note: You seem to be recommending Credit Karma a lot.
You have a blog.
As a blogger you can apply for affiliate networks.
Credit Karma has affiliate links...
I think it gives you only like 25 cents or so per person signing up.
I'll have to look, I applied with them a few weeks ago.
But anyhoo. If you are planning on writing more about this on the future you may want to consider signing up for that as well.
I bet a lot of folks (including myself) signed up for Credit Karma because of your recommendation...
It's not much in comparison what the other referral fees are, but it's something ;)
Just saying!



Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MEJG on December 29, 2016, 11:43:28 AM
Thanks for doing all this work and sharing!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on December 29, 2016, 11:56:30 AM
Here's my question:

Do the issuers auto-mail AU cards to the primary address on file? I know ARS moves around a lot, but if you don't want your family or whoever to deal with all this extra mail, does it make sense to wait until location stationary, or is there not really any extra mail to deal with?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on December 29, 2016, 12:47:28 PM
Thanks for the write up Joe and all your hard work!!

I only have one card but it's 10+ years old and just increased credit limit to over 20K. Keeping my finger crossed I can get in on some of this action. Sent all my info in and just waiting to hear back.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sirdoug007 on December 29, 2016, 12:48:35 PM
I'll add to the chorus of thanks for this intense research (while claiming to be retired, ha! ;).

I'd bet this community in total has made well into the six figures since the first thread was posted with minimal effort.  I'm looking forward to getting my Bank of America card into the action.  I also just asked for a credit line increase on my old Discover Card and now it is over $20k!!

Cheers for sharing the awesome side gig!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Joel on December 29, 2016, 01:53:28 PM
How many authorized users does Chase and Capital One allow?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: mxt0133 on December 29, 2016, 02:49:56 PM
Just called up my oldest credit card to bump up the limit and give this bad boy a trial run.  Thanks for the write up Arebelspy.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on December 29, 2016, 03:20:57 PM
My big question for you arebelspy - are you selling AU spots on your Chase cards? I got scared away from doing this with Chase by Greg at Camp Mustache! :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on December 29, 2016, 03:25:11 PM
My big question for you arebelspy - are you selling AU spots on your Chase cards? I got scared away from doing this with Chase by Greg at Camp Mustache! :)

From the previous thread http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-$600hr-20-40kyr-side-gig/msg1352939/#msg1352939 (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-$600hr-20-40kyr-side-gig/msg1352939/#msg1352939)

Quote
I do not use Chase personally, as discussed earlier in this thread, as I don't want to risk getting it shut down (I have 500k+ UR points that would go poof). I do use B of A, Capital One, Discover, etc. because I don't care if those cards get shut down.

Other people do use Chase, because they're okay with the risk of Chase closing their cards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on December 29, 2016, 03:54:34 PM
Which CC companies allow you to add and remove AUs online?  I have only used Discovery so far.

Barclays lets you do both, and Chase.

B of A lets you add online, but you have to call to remove.

Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.

Discover, like you said, lets you do both.

Can't say for Citi or any of the other ones, hopefully someone else will chime in.

USAA is a phone call both to add and remove.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on December 29, 2016, 03:56:10 PM
What, in your opinion and research is the minimum marketable age of a card?

The new company apparently accepts cards that are least 1 year old and at least $5K credit limit, with more money paid for older cards and for larger limits.

The previous company accepts cards that are at least 2 years old and $10K minimum credit limit, also with more money paid for older cards and for larger limits.

There is a chart of the payouts earlier in the thread.  It's up to you to decide if the payments are worth the effort.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on December 29, 2016, 03:59:13 PM
Does anyone know if the new company can use Business Cards?  I'm guessing not, but it would be nice since I have several with large limits.

I asked them this, and they confirmed that they cannot use business cards because they don't post to personal credit histories.

They also confirmed that they cannot use AMEX-issued cards because the AMEX-issued cards don't post the year the card was opened to the AU's credit history (and, I'm inferring, don't boost the AU's credit score).

(I also have several business and AMEX-issued cards that would otherwise qualify.)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on December 29, 2016, 04:05:34 PM
How many authorized users does Chase and Capital One allow?

I don't know how many AU's Chase and Capital One allow.  However, the company ARS is recommending in this thread (the new one) says that they only add 2-3 AUs every three months on Chase and Capital One lines because those issuers are more twitchy and likely to close down your line.

Note that I believe that is 2-3 AU's per three months per line.  So if you had five credit cards at Chase, you could add between 10-15 AU's every three months.

Also, other issuers are not as twitchy and you can sell more spots per line with those other issuers.

Finally, at least with the old company you could specify fewer slots if you wanted to.  I would guess the new company would be able to limit how many slots they sold on any given line, but I don't know that for sure.  (Not a question for me, as I am willing to go as far as the new company and my CC issuers will let me.)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 29, 2016, 04:31:04 PM
Thanks tj & ss17 for posting/confirming info on which let you add online.

What, in your opinion and research is the minimum marketable age of a card?

They need to be aged at least a year with this new company (old one was two years).  Beyond that piece of info, I couldn't tell you yet about the demand for those cards.  Since this new company takes ones that are 12-24 months old, we'll get Mustachians enrolling some reporting back on if they're selling many lines on them or not.  We'll crowdsource the knowledge.  :)

I am considering opening new cards for this now, something I wasn't before (and haven't, in the last six months, other than for normal travel hacking--e.g. 2 SW cards for Companion Pass, Chase Sapphire Reserve, etc.).

Does anyone know if the new company can use Business Cards?  I'm guessing not, but it would be nice since I have several with large limits.

None of them do.  Amex cards, and business cards (from any provider) report differently (or not at all), and so the credit score boost typically won't happen. I also have a lot in business (and Amex) credit, but unfortunately it's not usable for this.

Makes me more okay with any cards getting cancelled though.  :)

Thank you, ARS! I've sold 3 tradelines so far, though if I count time spent reading the thread as work, I'm probably down to about $50/hr. :)

Haha, good point.

I don't even want to count my time per hour if I take out the research, typing of info, replying to the thread, etc.  I think it's above minimum wage though.  ;)

I also don't typically have a lot of cards open. One thing I'm looking at is getting a new "everyday" card and then using the old one for selling tradelines. It doesn't really matter from a rewards standpoint if my everyday card is 2 years or 2 months old, but it clearly matters from a tradeline standpoint.

Another thing you can do, if you have a SO that you combine finances with (you did say "we"), is get a new version of the same type of card in their name, and moving the one in your name to tradelines.

That's a good idea--if your "everyday card" is eligible for tradelining... get a new everyday card.  :)

Would I need to open one account for me and one account for my wife? (Some of the cards are in my name and some of the cards are in her name)

Yes, though you can use the same email.  But since it's all taxable income, you'll get separate 1099s.  I opened an account for both myself and my wife (with both companies).

Thanks again, Joe. You really take much of your time researching and writing this information out. I feel as though we are mooching off of your efforts. Hopefully, we'll all be able to return the favor in the future or at least help others in the way that you have helped us.

No worries!  I'd be doing the research anyways for my own purposes and peace of mind for enrolling my own cards, so I might as well share it with the community, too!  :)

Also, little side note: You seem to be recommending Credit Karma a lot.
You have a blog.
As a blogger you can apply for affiliate networks.
Credit Karma has affiliate links...
I think it gives you only like 25 cents or so per person signing up.
I'll have to look, I applied with them a few weeks ago.
But anyhoo. If you are planning on writing more about this on the future you may want to consider signing up for that as well.
I bet a lot of folks (including myself) signed up for Credit Karma because of your recommendation...
It's not much in comparison what the other referral fees are, but it's something ;)
Just saying!

As a rule, I'm not a huge fan of affiliate links.

For example, I have a "Best Real Estate" books thread on this forum that I know many MANY people have bought books from.  But I don't use affiliate links.

This (selling tradelines) is an exception because it did take a lot of work to research and share, and because it doesn't decrease your payments either way (actually with the new company, you'll get paid more in two categories).

I recommend Credit Karma because: It's free. It gets you all the information you need for this. It is a good way to track your credit report changes and score in general.  In other words, I like the product, and am happy to recommend them, but my general feeling of not wanting to use affiliate links means I don't use an affiliate link.  It's also why I feel the need to put the disclaimer multiple times, make sure people understand they don't HAVE to put me as a referral, I'll share the info either way, and if they want to use me, they can.

Maybe I'll rethink that not using other affiliate links at some point, but my default is always to provide a non-affiliate link.  :)

Good to know thought, thanks!  Definitely worth thinking about for the blog, since all those profits go to charity.

Do the issuers auto-mail AU cards to the primary address on file? I know ARS moves around a lot, but if you don't want your family or whoever to deal with all this extra mail, does it make sense to wait until location stationary, or is there not really any extra mail to deal with?

Some issue you a card (to your address, not the AU's, of course), some ask if you want a card issued (like Discover), and you can say no (or uncheck a box).  I always go ahead and have them send one, because I feel like it might be a red flag to NOT get one, but I have zero evidence for this.

I use a mail scanning service called TravelingMailbox (http://www.travelingmailbox.com), so I just have them shred it for me.  I've never gotten any mail related to an AU except their card (or the occasional one page letter from a bank confirming "We received your request for an AU, and they've been added).  The extra "mail" amounts to about one piece per tradeline.  How much that is for you depends on how many tradelines you sell.  But quite minimal.

How many authorized users does Chase and Capital One allow?

They allow a LOT.  Like, at least 10, maybe more at a time (99?).  You'll just get shut down quickly.  :)

Those are on the lower end, around 2-3 every 2-3 months (versus, say, Barclays where you can do 3-5 a month).

My big question for you arebelspy - are you selling AU spots on your Chase cards? I got scared away from doing this with Chase by Greg at Camp Mustache! :)

I don't, currently.

I did with the first company a few times, then decided it wasn't worth it because I have a ton of UR points I don't want to disappear if the card is cancelled.  If I ever get those spent down, I'd consider it.

I DID use Chase again with this new company to test it out.  They have a "pairing" system, where you add an AU with another of your cards, and then add them with the Chase, so that the Chase posts correctly, and I wanted to try that out to be able to discuss/recommend it to anyone wanting to sell Chase lines.  But then I removed it again after trying that.



I think I got all the questions, but if I missed something, it wasn't on purpose, just a lot to reply to--feel free to just repost a question if I missed it.  :)

EDIT: Thanks secondcor!  Should have refreshed the thread while typing and saved myself some time.  :)

One caveat on Chase: It is per line (card), but more of those leads to more liklihood they'll notice. While I have multiple B of As enrolled, Discover, etc... I would (and did) only use one Chase card, despite having a lot.  What I did is transfer a bunch of my Chase credit onto one (my oldest) Chase card, and only enroll that.  You can use a bunch, but doing that might help sort of balance and mitigate the risk of getting shut down and still wanting to make money with them.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dragoncar on December 29, 2016, 06:15:31 PM
So when signing up, what if I already have 1-2 AUs on the card?  A few I have my wife, or other family member.

Anyone know how to see current AUs on Chase?  It's obvious how to add one, but not how to remove

For Discover, has anyone used the "freeze account" option?

Apologies if this was answered in the old thread. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on December 29, 2016, 06:36:19 PM
Which CC companies allow you to add and remove AUs online?  I have only used Discovery so far.

Barclays lets you do both, and Chase.

B of A lets you add online, but you have to call to remove.

Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.

Discover, like you said, lets you do both.

Can't say for Citi or any of the other ones, hopefully someone else will chime in.

USAA is a phone call both to add and remove.

Have you had any pushback? I don't know if it's worth doing this with USAA because I don't want to risk losing my insurance policies. Similarly, I wouldn't be doing this was a bank that I had a cehcking or savings account (i'd generally advise against having deposit accounts at banks you use credit with anyway.)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: VladTheImpaler on December 29, 2016, 06:49:07 PM
Thanks for the write up Arebelspy.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on December 29, 2016, 07:07:00 PM
Which CC companies allow you to add and remove AUs online?  I have only used Discovery so far.

Barclays lets you do both, and Chase.

B of A lets you add online, but you have to call to remove.

Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.

Discover, like you said, lets you do both.

Can't say for Citi or any of the other ones, hopefully someone else will chime in.

USAA is a phone call both to add and remove.

Have you had any pushback? I don't know if it's worth doing this with USAA because I don't want to risk losing my insurance policies. Similarly, I wouldn't be doing this was a bank that I had a cehcking or savings account (i'd generally advise against having deposit accounts at banks you use credit with anyway.)

Yes.  I think I mentioned it in the old thread, but I had three AU's to add to my USAA card - which already had two AUs from the previous month - and was under the impression that it was best if I added one per call.  So I called, added the first new AU, then hung up.  I called back a second time a day later and added the second new AU, then hung up.  When I called to add the final AU, they put me through to a very distrustful fraud guy who asked me quite a number of authentication questions and asked me why I wanted to add so many AU's.  Eventually, though, they did add the final AU.

I bank and have credit at many banks, but my main checking account plus my insurance products are at USAA.  If they close my USAA credit card, that would be OK.  Closing my bank account or my insurance lines would be more problematic.  I haven't heard of the latter happening, but maybe it could.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kpd905 on December 29, 2016, 07:08:47 PM
Someone asked this above, but with the new company can you request to have less than the maximum number of AU's on each card?  I'd like to do 3-4 instead of 5 just to lower the chances of getting shut down.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 29, 2016, 07:12:31 PM
Someone asked this above, but with the new company can you request to have less than the maximum number of AU's on each card?  I'd like to do 3-4 instead of 5 just to lower the chances of getting shut down.

Absolutely.  Let them know what you would like, and request that they add that to the "notes" field in your file.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on December 29, 2016, 11:50:19 PM
Thanks for the info and all the work on research.

If anyone wants some other data-points, wife and I have had 5 cards active on the "old recommendation" since about August, and have had four tradeline sales in that time for roughly $1000 in revenue. Not bad for some clicking around. I had a quick sale on Chase (which was removed after some changes) and no bites since then, wife has had a few more sales on her cards (higher limits and longer credit histories).

I'm thinking about moving some cards to the "new recommendation", including ones that might not be supported, after gathering more information my self.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 30, 2016, 01:22:25 AM
If anyone wants some other data-points, wife and I have had 5 cards active on the "old recommendation" since about August, and have had four tradeline sales in that time for roughly $1000 in revenue. Not bad for some clicking around. I had a quick sale on Chase (which was removed after some changes) and no bites since then, wife has had a few more sales on her cards (higher limits and longer credit histories).

Yeah, I think a lot of people saw a handful of sales; I think the new company should be able to handle the volume better.  :)

Quote
I'm thinking about moving some cards to the "new recommendation", including ones that might not be supported

What do you mean by this?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on December 30, 2016, 01:49:23 AM
Has anyone tried opening new cards from issuers where you already have an open line, waiting six months, and then consolidating the new card's credit limit into the older card? Essentially a way to fast-track into higher payout tiers in combination with normal CLI requests.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 30, 2016, 02:43:03 AM
Has anyone tried opening new cards from issuers where you already have an open line, waiting six months, and then consolidating the new card's credit limit into the older card? Essentially a way to fast-track into higher payout tiers in combination with normal CLI requests.

I didn't open specifically for this, but happy coincidence opened one for travel hacking.  After hitting the minimum spend, I immediately transferred all of its credit (minus a token $1000) to an older card enrolled in tradeline sales.

We did discuss this idea previously, and I toyed with opening just for this purpose, but never did.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on December 30, 2016, 05:25:45 AM
Has anyone tried opening new cards from issuers where you already have an open line, waiting six months, and then consolidating the new card's credit limit into the older card? Essentially a way to fast-track into higher payout tiers in combination with normal CLI requests.

I didn't open specifically for this, but happy coincidence opened one for travel hacking.  After hitting the minimum spend, I immediately transferred all of its credit (minus a token $1000) to an older card enrolled in tradeline sales.

We did discuss this idea previously, and I toyed with opening just for this purpose, but never did.

i did this with my bofa cards but the 2 cards i got were so i could travel hack then before i canceled i consolidated to the other 2 older cards i have in the system.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on December 30, 2016, 07:46:48 AM
I'm thinking about moving some cards to the "new recommendation", including ones that might not be supported

What do you mean by this?
Chase, and cards with limits too small or credit histories too young for "old recommendation" but which would be sold by "new recommendation"

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: solon on December 30, 2016, 07:47:06 AM
starting to salivate... I pm'd you, rebs, send me the referral!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: medinaj2160 on December 30, 2016, 10:39:26 AM
Has anyone heard anything back from the new company? I sent them an email two days ago.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ZagNation on December 30, 2016, 10:42:13 AM
Finally got around to registering so I can become an active member of the MMM community. Well underway on my FIRE journey and 2017 will mark the year when my NW becomes positive. Adding an additional income stream to the mix will certainly help and I cannot wait to put my old cards to good use. Such an incredibly valuable post ARS, thank you kindly!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NinetyFour on December 30, 2016, 10:44:41 AM
Has anyone heard anything back from the new company? I sent them an email two days ago.

I e-mailed them early on 12/29 and heard back before noon that day.  Today I e-mailed again with the required docs and got an auto reply that they are closed until 1/3 for the holiday.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on December 30, 2016, 11:31:50 AM
Has anyone heard anything back from the new company? I sent them an email two days ago.

I e-mailed them early on 12/29 and heard back before noon that day.  Today I e-mailed again with the required docs and got an auto reply that they are closed until 1/3 for the holiday.

I've had a couple of back and forths too, including the signup paperwork.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: medinaj2160 on December 30, 2016, 12:20:04 PM
:( do you guys email the company directly or submitted an application through their website?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on December 30, 2016, 12:25:38 PM
I used the email provided by ARS in the PM he sent me when I asked for a referral.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on December 30, 2016, 12:32:51 PM
I sent an email last night and haven't heard back yet either. But that was expected since many are off for the New Year holiday (including me!). I'm sure we'll all hear back next week—it seems like there's plenty to go around. :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kpd905 on December 30, 2016, 01:54:19 PM
I just heard back and was told that they only accept cards of 2+ years age and $10,000+.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dragoncar on December 30, 2016, 02:11:43 PM
I'm sure they want to spend time with their families instead of responding to emails right now.  I know there's FOMO, but I plan to sign up later in Jan.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: medinaj2160 on December 30, 2016, 02:26:24 PM
I just heard back from the company. Thanks guys
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 30, 2016, 03:29:02 PM
UPDATE: Because of the surge of demand from Mustachians, they are going to focus initially on enrolling people with cards of 10k+ limits, and 2 years old or older to get them into the system.

Like I mentioned in the OP, cards < 2 years, or with < 10k limit sell much less frequently.  Thus it makes more sense to initially concentrate on getting all the cards that their AUs want enrolled first, so they can be put to use right away.

I'd anticipate this changing back to accepting lower cards once they've got all the higher limit/older cards enrolled and demand for them filled, and I will post an update when that is the case.

(In the meantime, I have updated the original post to mention and link to this update.)

Work on bumping the limits on the cards that are low!  :)

And yes, they are closing for a few days for NYE.  You can feel free to email them in the meantime, just expect a wait until early next week for a reply.  After that, replies should be quick.

Next week will be a busy week for them.  ;)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on December 30, 2016, 04:05:32 PM
The form they want us to fill out has a "payment due date" on it. Most of these cards are cards I ahve not used in ages, so they don't have a payment due date. Do I need a statement to close with a balance before I submit a card to them?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on December 30, 2016, 04:11:49 PM
The form they want us to fill out has a "payment due date" on it. Most of these cards are cards I ahve not used in ages, so they don't have a payment due date. Do I need a statement to close with a balance before I submit a card to them?

Lots of times you can go online and look at old statements, which will have the closing date on them.

Sometimes the closing date will be listed in the account information online.

Or you can always call the issuer and ask them.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on December 30, 2016, 04:24:37 PM
The form they want us to fill out has a "payment due date" on it. Most of these cards are cards I ahve not used in ages, so they don't have a payment due date. Do I need a statement to close with a balance before I submit a card to them?

Lots of times you can go online and look at old statements, which will have the closing date on them.

Sometimes the closing date will be listed in the account information online.

Or you can always call the issuer and ask them.

This company seems to want the payment due date rather than the statement close date.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: bigalsmith101 on December 30, 2016, 04:45:15 PM
Quote
This company seems to want the payment due date rather than the statement close date.

I literally just finished the paperwork and sent it in. All of my cards' statements listed the payment due date on old statements. Like you, I haven't used many of the cards in years. I checked my statements online, as I went paperless many years ago.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 30, 2016, 04:47:43 PM
Sheesh.  No matter how long you spend typing up and rereading stuff, you always forget something!

Yes, thank you for the catch, TJ.

I encountered this same thing in October when I first signed up with them to test it out.

I confirmed (multiple times, because it seemed weird to me) that they want the payment due date, rather than the statement close, and that is correct.

On some cards I had not used in a long time I had to dig up old statements (one from like 2009, IIRC).

One didn't have statements back that far, but I was able to search in my email for an old "Reminder: Your payment is due" email and find it.

Worst case you can either call the CC company and ask what the payment due date is (and even have them move it), or do a small token charge.

So yes, this company wants the payment due date (the old one wanted the statement close date).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MrMonkeyMoustache on December 30, 2016, 06:30:38 PM
Not saying it's not legit, but very suspicious.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 30, 2016, 06:36:34 PM
Not saying it's not legit, but very suspicious.
What is?

Selling tradelines?

It very much sounded crazy too good to be true, possibly illegal, when I first heard of it, too. 

That's why I did all the research initially, to find out how it works, that it is legal, etc.  That led to the first thread.

And then again why I did a lot of research looking for a new company.  Because some do it right, and some don't.  That led to this updated one.

The proof is in the pudding as far as it being legit: Dozens of Mustachians have gotten paid thousands of dollars over the last 5.5 months since I posted the original thread.

It's absolutely real.

If it's not something you're comfortable with though, definitely don't do it.

:)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on December 30, 2016, 06:43:25 PM
Ah, I just got the "only accepting $10k+ and 2yr+" email as well. I have several cards that need another few months and one 2yr+ Chase that needs another ~$4k (though I just requested an increase on it).

Bummer! Will have to wait a bit; hopefully they're still accepting new accounts in July or so!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: PennySaved75 on December 30, 2016, 06:45:08 PM
I just heard back and was told that they only accept cards of 2+ years age and $10,000+.
I contacted them on 12/29 using email that Arebelspy gave me and sent them my card info.  Have had some back and forth emails since then, and sent them my completed paperwork this afternoon.   I completed a cardholder agreement, a Form W-9, and a copy of a voided check (for sending payments to your checking account) and sent those items back to them first. Yes, i was also told that card must be at least 2 years old and with credit limit of $10,000+.  I was told it would be a week or two for them to put my cards into their system and then they would be contacting me.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: PennySaved75 on December 30, 2016, 06:51:21 PM

So yes, this company wants the payment due date (the old one wanted the statement close date).
Rats.  I think I put the statement closing date on the paperwork I just submitted.  Good thing I am reading the blog.  The table says:  Payment DUE date, not sure why I was putting the closing date.  Will have to fix and resubmit.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on December 30, 2016, 07:39:47 PM
Which CC companies allow you to add and remove AUs online?  I have only used Discovery so far.

Barclays lets you do both, and Chase.

B of A lets you add online, but you have to call to remove.

Capital One can definitely add online, and I think lets you remove, but I can't remember 100%.

Discover, like you said, lets you do both.

Can't say for Citi or any of the other ones, hopefully someone else will chime in.

USAA is a phone call both to add and remove.

Have you had any pushback? I don't know if it's worth doing this with USAA because I don't want to risk losing my insurance policies. Similarly, I wouldn't be doing this was a bank that I had a cehcking or savings account (i'd generally advise against having deposit accounts at banks you use credit with anyway.)

Yes.  I think I mentioned it in the old thread, but I had three AU's to add to my USAA card - which already had two AUs from the previous month - and was under the impression that it was best if I added one per call.  So I called, added the first new AU, then hung up.  I called back a second time a day later and added the second new AU, then hung up.  When I called to add the final AU, they put me through to a very distrustful fraud guy who asked me quite a number of authentication questions and asked me why I wanted to add so many AU's.  Eventually, though, they did add the final AU.

I bank and have credit at many banks, but my main checking account plus my insurance products are at USAA.  If they close my USAA credit card, that would be OK.  Closing my bank account or my insurance lines would be more problematic.  I haven't heard of the latter happening, but maybe it could.

I wouldn't personally risk it. The worst case scenario is that you get blacklisted completely by the financial institution. If they close an inactive credit card, who cares, but if they nuke your insurance policies and hold your deposited cash hostage? No thanks.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on December 31, 2016, 07:28:20 AM
What is the AU cap for Capital One?

Is there a chart somewhere for AU caps and the various banks? I saw the examples in the first post, but only a few banks were used.

Thank you.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 31, 2016, 01:56:25 PM
Here is the info I have on that from the owner.  Basically they have a guideline range they use by default, and they won't go higher than that when placing AUs, but you can go higher than that if you want.

Quote
Here is an overview of how many adds we recommend on each card. We can do more if your prefer but that will increase the odds of account closure though.

Citibank: 4-5 adds every other month
Barclays: 4-5 adds every month
Discover: 3 adds every other month
BofA: 2-3 adds every 3 months
Capital One: 2-3 adds every 3 months
US Bank: 3 adds every other month
PNC: 2 adds every other month
Chase: 2-3 adds every 3 months
USAA: 3 AUs every other month

The reason why it's a "range" is because it's not just a limit on how many AUs can be on at once, but a formula on how much "activity" you do, whereby both removals and adds are taken into account.

So if you had no AUs, it'll be at the top of that range. If you had some, and need to remove them, it'll be at the bottom.

Quoting from their CS rep:
Quote
There is a max number of adds/removals a month.  For example - any given month on a Citi - there can only be 6 adds/removals total.  This can effect the max amount of AUs you can add in a month. Barclays is 8.

So, for example, if Barclays is 8, and you have 4 to remove, you can only add 4.  But if you have none to remove, you can add 5 instead.

As I said in the write up, this company has years more experience, so they have developed a more complex formula to help and not get cards cancelled.

Hope that clarifies things!  :)

EDIT: Added in some more details after email response.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: .22guy on December 31, 2016, 02:16:51 PM
Speaking of closures, I have an idea I've been considering.  Would it be better to activate the card and use it for something small?  Like a Redbox movie or bill you were going to pay anyway?  I realize this might be straying slightly closer to the fraud side of the line for some.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 31, 2016, 02:36:21 PM
Speaking of closures, I have an idea I've been considering.  Would it be better to activate the card and use it for something small?  Like a Redbox movie or bill you were going to pay anyway?  I realize this might be straying slightly closer to the fraud side of the line for some.

I wouldn't, personally.

There's just no need.  Closures are so infrequent, if you use a company that does everything right.

Mustachians sold tons of lines in the last 5.5 months, with zero closures (well, one, but that was from someone not using one of the recommended tradeline companies, and then their card got cancelled almost right away--this shows that yes, closures can happen, and shows why it's so important to use good companies). 

With closures so rare, why do something like that?

And there's no evidence that would even help--it might be AU adds/removes (and likely is) that is the red flag, regardless of card usage.  Heck, it could even raise red flags itself (since they can see the address of that AU, and also where the spend is done).

So doing something like that when it's possibly fraudulent, likely unnecessary because cards rarely cancel, and possibly won't even help even if you do...  Why risk it?

It's always up to you what you want to do, of course, just providing why not only I wouldn't, but why I think it's not necessary/helpful.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on December 31, 2016, 04:42:09 PM
That followup on the add/remove formula was incredibly helpful.

Oh, and to add to the data: total earnings with the original company: $900.

One card, 2 credit lines - and I dawdled before signing up.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 31, 2016, 05:28:32 PM


That followup on the add/remove formula was incredibly helpful.

Yeah, I had gotten the info before on the fact that the cap is a range, but didn't understand why until this follow-up email.

Thanks for asking, was interesting to find out.

And doesn't surprise me at all about this company, that they have a more involved formula for that which they've developed.  Totally fits with multiple things I like about them.

Quote
Oh, and to add to the data: total earnings with the original company: $900.

One card, 2 credit lines - and I dawdled before signing up.

Nice. :D

I think sales should be even more with this company, as I outlined in the comparison.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on December 31, 2016, 05:49:43 PM
Just emailed asking to enroll 2 of my cards with the "new" company - I am trying the 2 cards that have received the fewest orders with the "old" company - looking forward to seeing how well it works! Definitely *not* looking forward to tracking everything manually - I like the sleek online dashboard of "old" company ;)

Side thought - do you think the companies are reading this thread? Have you told them who "we" are?

My year end totals for the "old" company (to encourage everyone else?):
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on December 31, 2016, 09:08:07 PM
Just emailed asking to enroll 2 of my cards with the "new" company - I am trying the 2 cards that have received the fewest orders with the "old" company - looking forward to seeing how well it works!

Absolutely worth a shot.  And likely the ones that saw sales at the old one would see even more, but might as well move the lower producers first to see how they do.  :)

Quote
Definitely *not* looking forward to tracking everything manually - I like the sleek online dashboard of "old" company ;)

100% agree, and have expressed this, and the owner is aware that he needs to work on this.  :)

Quote
Side thought - do you think the companies are reading this thread? Have you told them who "we" are?

Both owners definitely are aware of it.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Pizzabrewer on December 31, 2016, 10:50:03 PM
This is fascinating. Thanks for all your work and for sharing it.

Unfortunately I only have 2 cards the oldest of which is 6 months. How likely is this still to be possible in 2 years? 

Also, do you know what factors the cc issuers use in determining credit limit increases?  I requested a bump from $5k to $15k but they (PNC) only gave me $7500. Is it income?  Credit rating? History of usage? Something else?  I figure I have time to work on it.

Thanks again. I'm pretty new to all this stuff.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 01, 2017, 01:45:14 AM
do you know what factors the cc issuers use in determining credit limit increases?  I requested a bump from $5k to $15k but they (PNC) only gave me $7500. Is it income?  Credit rating? History of usage? Something else?  I figure I have time to work on it.

I believe all of those can play a role, yes.  Better to ask for more and see what they'll give you, IMO.


Quote
How likely is this still to be possible in 2 years?

Good question.

You know, when I started this last June, I was thinking this maybe would last a year.  I'd be ecstatic if  it lasted two.

So I didn't open any new cards for this (and told people I probably wouldn't, and that I wasn't, when they asked if they should).  Now I'm second guessing that.

It's been six months, and it's going strong.  Even more importantly, the old recommendation has been in business four years, so I thought, hey, maybe there's a few years left.

But the new recommendation has been in business TEN years.  I specifically asked the owner about the longevity of this stuff, and he says that while things change in the field (carriers get or remove restrictions, they have to provide different documentation, etc.), he doesn't see it going away, just constantly changing.

I'm about to be under 5/24 for Chase soon, and apply for the Sapphire Reserve, but once I get that, I may do a huge app-o-rama for like 10-20 cards for each of us, from a bunch of the different accepted issuers, basically apply for anything as long as it has no annual fee.  Hopefully get a bunch, then request credit increases on them every 3 months, and wait two years.

Then... profit?

It's hard to say it will last for sure, and I'm not counting on it... but I've definitely upgraded my probability of this being around at least 2-3 years as much more likely than not.   No reason to not take advantage of it now, in case it does get cancelled (would be a bummer to keep delaying on doing it, then find out a new law or FICO scoring change makes it not feasible or something, and realize you missed out on six months or a year of tradeline sales just due to procrastination), but I do think it will be here for awhile.

Summary: Six months of "wow, this really does work" combined with "wow, the new recommended company has been doing it a decade" has shifted my opinion to thinking this will be around for a good while yet.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 01, 2017, 06:02:53 AM
I'm on the fence on applying for many new cards just for piggybacking, sure I might start making more money in a couple of years - but that's going to be more stuff for me to keep an eye on in the meantime.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on January 01, 2017, 07:16:52 AM
Maybe someone has an answer, but the old recommended company's web portal says they've sold 2 of 2 spots on the Discover card I have on file with them, and the statement date they have is for today the 1st (the real statement date is the 4th).
 Yesterday it said they sold 1 of 2 spots on this card. So are they suggesting they sold a tradeline on New Year's Eve? I sent an email out to investor support yesterday, the 31st, asking if they have a tradeline sale to let me know the info. for adding the authorized user since the deadline for adding the authorized user is like a day or two away. I got no response, which is not surprising given the holiday time.

So are they going to sit on my Discover card for 30 days now, and I'm supposed to add the authorized users by Feb. 1st?  That seems like a long time to state I have tradeline sales, and have me wait to add authorized users, which is frustrating.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Avatar on January 01, 2017, 09:14:29 AM
Arebelspy,What kind of Research do you do?  Can you give tips, so I may do some of my own.

Thanks
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 01, 2017, 09:48:46 AM
What's the best Barclays card to sign up for?

Also,  doesn't amazon have a card that gets you prime for free when you sign up?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shade00 on January 01, 2017, 10:38:30 AM
This is really fascinating. I am leaning towards giving this a try. I have three cards that might work... a Discover with a $13k limit (2009), a Citi Visa with a $10.1k limit (not sure on year), and a Chase Freedom card that's just under a $10k limit (2012). I don't want to call Chase and ask for a CLI because they're pretty bad about doing hard pulls.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 01, 2017, 12:30:03 PM
For the citi card, does an American Airliens advantage card work or is that considered a "business card"?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 01, 2017, 01:15:37 PM
If there's a closed credit card on my credit report, is it possible to re-open it as opposed to opening a new line of credit?  I have one from 1996 that closed in 2013, for example without me explicitly closing it.  It's a bank of america card.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 01, 2017, 01:38:29 PM
1) I Have most of these cards, but for each one, is there one in particular one would recommend opening for use with tradelines?

2) Also, for Bank Of America, does a BofA WORLD POINTs card work for this?  I have one of those too.

3) What about a AAA Bank of America card? (or is this considered a "business card")

Barclays,

Citi,

Discover,

PNC,

USAA,

US Bank,

Bank of America,

Capital One,

Elan Financial,

Worlds Foremost Bank

Chase.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 01, 2017, 01:39:00 PM
If there's a closed credit card on my credit report, is it possible to re-open it as opposed to opening a new line of credit?  I have one from 1996 that closed in 2013, for example without me explicitly closing it.  It's a bank of america card.

Typically it is difficult to re-open a closed card, particularly if it is more than 30 days since it was closed.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 01, 2017, 01:43:45 PM
This is really fascinating. I am leaning towards giving this a try. I have three cards that might work... a Discover with a $13k limit (2009), a Citi Visa with a $10.1k limit (not sure on year), and a Chase Freedom card that's just under a $10k limit (2012). I don't want to call Chase and ask for a CLI because they're pretty bad about doing hard pulls.

Discover hasn't been doing hard pulls on me and have been slowly bumping up my limit. This summer I started at $3,600 and just yesterday got bumped to $11,200 - you can ask for increases every 60 days.*

Citi just denied my increase requests :( - I need to see if I can reallocate some credit line from the Hilton card to the Doublecash. From what I read, the front-line CSRs (ha!) typically don't know how to handle it.

*Okay, you can ASK more often, but from what I read and experienced, they typically won't raise it. Better to just do it every 60 days.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: monarda on January 01, 2017, 01:51:43 PM
Thanks for the writeup, arebelspy. I've been following the old thread now and then, so nice to have your summary here.

Two questions:
You might remember that one of the things I liked about this idea was the possibility to help people needing a credit boost who had bad credit through no fault of their own. (for example, medical bills)  I know that there wasn't a way that the old company could specifically send these kinds of AUs my way, but is there such a thing with the new company?

The second question is a general question (but for me more specifically about my one year old Cap One card, which was too young for the old company)  Is there a preferred credit utilization on a particular card?   Is a barely-used card better from these companies' perspectives?  Say that I have a 10K credit limit on a card, and am carrying a 9K balance at 0% interest for 18 months, paying 2x the minimum payment for a while until I decide to pay more aggressively. Might either company be interested in this card?  I also have a mature US Bank card that I use relatively infrequently (something like 5-10% of credit limit, paid off every month). That one was the one I was considering using to sign up with the old company. (I never did).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 01, 2017, 01:54:54 PM
Typically they will want low-usage cards with some usage. IIRC the old company wanted you to stay below 10% utilization, but above $0.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 01, 2017, 01:59:47 PM
I signed up for the AT&T credit card a year or two ago and it's now a citi card.  Could that be used for tradelines or is that also considered a "business card"?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 01, 2017, 02:04:42 PM
I signed up for the AT&T credit card a year or two ago and it's now a citi card.  Could that be used for tradelines or is that also considered a "business card"?

Probably not a business card. Co-branded cards are not business cards. Lots of hotels, airlines, etc co-brand with banks (Hilton Citi card, Marriott Chase card, etc) and are not business cards.

Typically a "Business card" is supposed to be used BY a business. Example: Chase Ink, where you need to own a business to open the card.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 01, 2017, 02:20:35 PM
I signed up for the AT&T credit card a year or two ago and it's now a citi card.  Could that be used for tradelines or is that also considered a "business card"?

Probably not a business card. Co-branded cards are not business cards. Lots of hotels, airlines, etc co-brand with banks (Hilton Citi card, Marriott Chase card, etc) and are not business cards.

Typically a "Business card" is supposed to be used BY a business. Example: Chase Ink, where you need to own a business to open the card.

That's good to hear. The att card is I believe $95 / year.   Is it typically possible to move that credit line to another card and keep the member since date?  Secondly, if i simply re-open this card, would i maintain the original member since date of a couple of years ago?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 01, 2017, 03:14:03 PM
I signed up for the AT&T credit card a year or two ago and it's now a citi card.  Could that be used for tradelines or is that also considered a "business card"?

Depends on if you have the personal card or the business card. The business card looks like this:

http://www.moneycrashers.com/att-universal-business-card-review/

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shade00 on January 01, 2017, 04:21:48 PM
This is really fascinating. I am leaning towards giving this a try. I have three cards that might work... a Discover with a $13k limit (2009), a Citi Visa with a $10.1k limit (not sure on year), and a Chase Freedom card that's just under a $10k limit (2012). I don't want to call Chase and ask for a CLI because they're pretty bad about doing hard pulls.

Discover hasn't been doing hard pulls on me and have been slowly bumping up my limit. This summer I started at $3,600 and just yesterday got bumped to $11,200 - you can ask for increases every 60 days.*

Citi just denied my increase requests :( - I need to see if I can reallocate some credit line from the Hilton card to the Doublecash. From what I read, the front-line CSRs (ha!) typically don't know how to handle it.

*Okay, you can ASK more often, but from what I read and experienced, they typically won't raise it. Better to just do it every 60 days.

Discover has been great about CLIs for me, really - I actually just requested a CLI and they gave me $2k without any issue (now $17.9k on that card).

It seems like Chase has only ever given me one auto CLI on the Freedom card, and everything I'm reading online says they want to do hard pulls. I only need a couple hundred bucks increase to get over the $10k line with that one.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: rich182x on January 01, 2017, 06:06:56 PM
I sent an email last night and haven't heard back yet either. But that was expected since many are off for the New Year holiday (including me!). I'm sure we'll all hear back next week—it seems like there's plenty to go around. :)

FWIW, I heard back from this company just to see what they would offer, and I got an auto reply (cut and paste info) without them answering my actual question. After I told them I would take my business elsewhere they responded with an apology and explained the received over 120 applications in one day! I am happy with the one on one contact I get with the company I chose before asking ARS what he was pitching (which has been in business for 10 years) and I am worried this company everyone is jumping on now will get diluted and payments will be scarce. Just a thought. I mean, how many people pay for credit boosts??


FIRST POST EVER!!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 01, 2017, 06:25:34 PM
FWIW, I heard back from this company just to see what they would offer, and I got an auto reply (cut and paste info) without them answering my actual question. After I told them I would take my business elsewhere they responded with an apology

It's literally New Year's day, give them a little slack.  :)

Seems like it was pretty awesome of them to reply to you individually essentially right away with an apology about that, when they're overwhelmed with replies/interest, and on vacation! 

You can take your business elsewhere, but like I said, I can't find any other companies besides these two recommendations that I'd trust using, and you can see from the earlier response of the person who had his CC cancelled after just a few AUs as to why.  :)

It's absolutely worth researching though, definitely use a company you're comfortable with.

Quote
I am worried this company everyone is jumping on now will get diluted and payments will be scarce. Just a thought.

The vast majority of those who email won't sign up for an account or enroll any cards.

Only a small percent of people I referred to the previous program actually ever took the step of enrolling cards, most just asked out of curiosity, wanting to research more, etc.

Like I outlined in the writeup, I expect them to be able to handle a lot higher volume of tradelines due to the affiliate network they have and have built up over the last decade.  They right now have more demand for cards than they do cards.  Mustachians will help balance that, and may tip it the other way, but it should certainly be better.

So yes, it could happen.  I'm less worried about it here than elsewhere.  And the only solution is to not share this with Mustachians, which I don't care for. See this post as to why:
http://forum.mrmoneymustache.com/moderators-only/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1356360/#msg1356360 (http://forum.mrmoneymustache.com/moderators-only/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1356360/#msg1356360)

Quote
I mean, how many people pay for credit boosts??

Many.  Many, many.

Quote
FIRST POST EVER!!

Welcome to the forums!  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: rich182x on January 01, 2017, 06:26:49 PM
I sent an email last night and haven't heard back yet either. But that was expected since many are off for the New Year holiday (including me!). I'm sure we'll all hear back next week—it seems like there's plenty to go around. :)

FWIW, I heard back from this company just to see what they would offer, and I got an auto reply (cut and paste info) without them answering my actual question. After I told them I would take my business elsewhere they responded with an apology and explained the received over 120 applications in one day! I am happy with the one on one contact I get with the company I chose before asking ARS what he was pitching (which has been in business for 10 years) and I am worried this company everyone is jumping on now will get diluted and payments will be scarce. Just a thought. I mean, how many people pay for credit boosts??


FIRST POST EVER!!

Oh! Happy New Year and good luck to all!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 01, 2017, 07:08:14 PM
120 applications...  That sounds very high.

ARS, do you know how many Mustachians signed up with the old recommendation?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 01, 2017, 07:30:45 PM
120 applications...  That sounds very high.

That number is not correct--I haven't even sent that many PMs.

Maybe he means total emails counting back and forth with some people?  Even then, it seems high.  I wasn't going to bother to argue it; I'm guessing a number was just thrown out.  :)

I'm betting he's received maybe a dozen completed applications, maybe two.

It will get up there, though, over the next few weeks.  I'm not worried; like I said, I expect them to be able to handle the volume better.

Like I wrote in the "recommendations" part of the analysis post: there could reach a point where the new company is over-saturated, and the old recommendation gets more AUs, and it makes sense to have the cards with them (or some cards with each).

Right now, all of my cards and my wife's are with the new recommendations, and I have no plans to change that for at least six months, simply because I think that will make me more money.

Quote
ARS, do you know how many Mustachians signed up with the old recommendation?

Yes.

It was a fraction of that number, and that was after multiple weeks across two rounds of signups.

Don't worry about FUD (https://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt), or let other's worries deter you from taking action.   :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 01, 2017, 08:07:37 PM
What is the impact of a hard pull on your credit score?  Mine is well over 800 from my last Credit Karma report, so I'm not too concerned about it, but was curious if I try to bump several cards up, and they each do a hard pull, which they will, what the impact may be and how long it may take to recover?

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 01, 2017, 08:32:31 PM
What is the impact of a hard pull on your credit score?  Mine is well over 800 from my last Credit Karma report, so I'm not too concerned about it, but was curious if I try to bump several cards up, and they each do a hard pull, which they will, what the impact may be and how long it may take to recover?

Minimal.  Slight dip for a month, then bounce back.  Inquiries are a fairly small factor in your report.

I have 12 inquiries from within the last 2 years (yay travel hacking), and my score is 800+.  The wife has 7 or 8, and is 800+.

I may have missed this in the old thread, but do you have any idea if downgraded cards have a new opening date or keep the date from the original card?  I have a Barclay Arrival that I downgraded from an Arrival+ about 6 months ago.  If it uses the original date, the card is 2.5 years old and would be eligible.

A downgraded card should keep all original info, and thus be eligible.  I'd double check it on CreditKarma, or call Barclays to confirm, just to be sure, but you should be fine.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on January 01, 2017, 08:45:53 PM
Thanks for all the new info! 

I may have missed this in the old thread, but do you have any idea if downgraded cards have a new opening date or keep the date from the original card?  I have a Barclay Arrival that I downgraded from an Arrival+ about 6 months ago.  If it uses the original date, the card is 2.5 years old and would be eligible.

Downgraded cards usually have the original card's opening date. You should be able to verify this by looking at records at Credit Karma - you'll see an open line for your Barclay card, and it should list an opening date.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 03, 2017, 07:07:27 AM
my goal is 3k a month on AUs by end of 2017.  based on the cards i have open and their ages that should be easily doable.

remember all this is taxed though.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MFG_Hotspur on January 03, 2017, 08:02:08 AM
Does anyone having experience reopening a credit card 6+ after it closes?

I closed a Cit CC back in October that will be 2 years old in July due to the large annual fee and I am thinking asking them to reopen it after I try this out for two of my other cards for a couple months.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 03, 2017, 09:06:21 AM
Does anyone having experience reopening a credit card 6+ after it closes?

I closed a Cit CC back in October that will be 2 years old in July due to the large annual fee and I am thinking asking them to reopen it after I try this out for two of my other cards for a couple months.

I don't think you can re-open. I think you'd have to apply for a new account.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 03, 2017, 09:14:04 AM
no way to open that card back up. too much time has passed.  citi is becoming increasingly difficult to deal with as well.  you cant transfer credit limit between cards anymore.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: turketron on January 03, 2017, 10:27:12 AM
Sadly I only have 1 card eligible for this and it won't be a huge earner (only a year and a half old), but most of my long-held cards are Chase/Amex. Gonna call at lunch to see if I can get a credit limit increase and then I'll enroll. Thanks ARS for all your work with this!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kevc on January 03, 2017, 10:38:18 AM
Hey quick question, is this only for the states or can we do this in Canada as wellÉ
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sirdoug007 on January 03, 2017, 03:08:42 PM
my goal is 3k a month on AUs by end of 2017.  based on the cards i have open and their ages that should be easily doable.

remember all this is taxed though.

$3k a month would be crazy, and awesome but that is 13 adds per month with well seasoned $20k+ cards. $3k a month for very very little work.

I think ARS' example at $3300/2 months or $1650/mo is more realistic myself as a maximum.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 03, 2017, 03:11:01 PM
Got an email from the new company with the docs for enrollment.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: solon on January 03, 2017, 03:19:15 PM
I sent in my enrollment docs over the weekend. Today I got an email thanking me for joining. It said I would be in the system within 1-2 weeks.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 03, 2017, 03:34:28 PM
my goal is 3k a month on AUs by end of 2017.  based on the cards i have open and their ages that should be easily doable.

remember all this is taxed though.

$3k a month would be crazy, and awesome but that is 13 adds per month with well seasoned $20k+ cards. $3k a month for very very little work.

I think ARS' example at $3300/2 months or $1650/mo is more realistic myself as a maximum.

It's a big goal, but why not go for it, if you have cards that fit, and/or will be aging into it by then?  :D

Also keep in mind having a spouse can double it for your household.  The wife and I have 6 eligible cards each at the moment (and had we not cancelled a couple a few months before learning about tradelines due to annual fees, we'd have more, and if we hadn't cancelled a bunch prior to leaving the country just for simplicity's sake about 10 months before learning of the tradelines we'd have more like 10-12 each).  CCs can accumulate if you've been building your credit for awhile and then tossing them in drawers.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 03, 2017, 03:35:10 PM
Hey quick question, is this only for the states or can we do this in Canada as wellÉ

No, I've never heard of a Canadian tradeline company--I think your credit scores must be reported differently or something.  That's my best guess as to why.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shade00 on January 03, 2017, 05:00:48 PM
So how long after the add can you remove the AUs? Is this set by the credit card, the company, or what?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 03, 2017, 05:05:26 PM
So how long after the add can you remove the AUs? Is this set by the credit card, the company, or what?

60 days is typical.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 03, 2017, 05:07:01 PM
So how long after the add can you remove the AUs? Is this set by the credit card, the company, or what?

Usually you keep them on for two months (some issuers that are pickier it's three, to have less chance of raising red flags).  The tradeline company will tell you when to remove them (the old company via the portal, the new one via email).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 03, 2017, 07:47:04 PM
Yep, I have exchanged email with the contact at the new company and I believe I have everything submitted. Had a last-minute CL increase between when I sent my initial email to them and actually submitting the paperwork ($15k -> $20k) thanks to a phone call followup with the CC company after the earlier denial.

FYI, Citi can transfer credit line between cards, but most people at Citi have no idea WTF you are talking about, especially the front line CSRs. I was transferred numerous times and it was quite a long call. Basically once you strip out the "WTF" people it needed to go through: Another credit line increase request -> denied -> transfer credit line from another Citi card.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MsFrugalista on January 03, 2017, 08:16:30 PM
Just sent an email to new company and within 30 mins I received the paperwork to complete and send over. Looks like it was an email template, so not surprised that it was that fast, but also appreciated the quick response. I have sent over the necessary information so we will see how fast they process given the recent increase in applications.

Now I just need all my cards to age and credit lines to increase! I was a heavy Citi churner for the past few years (until their rules changed) and often decreased my CL to below $5000 so it would not affect my subsequent applications, now that's backfiring on me! But I have 3 cards with new company and will keep 2 with the old and see how it all goes. Thank you again ARS :)

Update: received receipt of my paperwork 5 mins after sending it over. Really liking the response rate! They mentioned in their response that they have signed up quite a few cards in the last week (hehe) so there's a good chance it'll be 3-4 weeks before they start having orders for me (2 cards with 20K+ limit, 1 card 10K limit; all cards under 4 years of age), but they will come. I'll be curious to see how new company does compared to old. I will report back once I get some sales.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 03, 2017, 08:45:14 PM
Update: received receipt of my paperwork 5 mins after sending it over. Really liking the response rate! They mentioned in their response that they have signed up quite a few cards in the last week (hehe) so there's a good chance it'll be 3-4 weeks before they start having orders for me (2 cards with 20K+ limit, 1 card 10K limit; all cards under 4 years of age), but they will come. I'll be curious to see how new company does compared to old. I will report back once I get some sales.

Thanks for the data!  We'll track/aggregate it among us over the next 1-2 months.  :)

Someone post when you get an order (I already am, including 3 just a few days ago, but I've been in the system a few months, obviously)--hopefully within the next week, maybe two, but depends on when your closing dates are.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 03, 2017, 09:05:34 PM
I sent my stuff early this morning and they replied around 5pm pacific. They didn't tell me when i will start seeing orders, but I didn't ask.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: mynewchoice on January 04, 2017, 02:12:43 AM
As with the original thread, thank you for sharing all of your detailed research with us ARS.  In reading through this new thread, there were two questions that I have that I did not see anyone ask:

1) With the old company and their original tiers, they paid more for cards over 15 years.  Do you know if the new company does anything like that?  I noticed your rate table mentioned they would quote you for $40k+ limits but it seems the age is not factored for a custom quote.

2) As the new company does everything via email, does that mean that they are sending you the AU's information (address, SSN, etc.) via plain text email messages?  Given their thorough vetting processes that you mentioned, that seems like a glaring security risk to be distributing all of that information via email.

Also, I was checking on the Discover website just now to see what information they ask for when adding an AU (in relation to my question above), and I noticed the following in their FAQ regarding AUs:

Authorized users can report any lost or stolen cards, obtain account information, initiate billing disputes, request statement copies, make payments and inquire about fees.

I am not sure if the AU would need more information than they obtain through this process in order to call and obtain account information, or request a statement copy, but that gives me a little hesitation as I mull that over to see what that could potentially expose to an AU.  I believe the AU will see my name and address on their credit report, or at least I seem to recall reading that previously or discussing that with the old company.

Thanks again for your thorough research and sharing with all of us here!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 04, 2017, 05:08:49 AM
As with the original thread, thank you for sharing all of your detailed research with us ARS.  In reading through this new thread, there were two questions that I have that I did not see anyone ask:

1) With the old company and their original tiers, they paid more for cards over 15 years.  Do you know if the new company does anything like that?  I noticed your rate table mentioned they would quote you for $40k+ limits but it seems the age is not factored for a custom quote.

Yes, they likely will.  Cards with high limits and/or high age are open for negotiation, as they're in much higher demand. Email and ask for a custom quote.  :)

Quote
2) As the new company does everything via email, does that mean that they are sending you the AU's information (address, SSN, etc.) via plain text email messages?  Given their thorough vetting processes that you mentioned, that seems like a glaring security risk to be distributing all of that information via email.

Yes, this is the case.  It would be worth bringing up your concerns to the owner.

This is a valid concern, IMO, for an AU.  Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099), and how the company handles stuff like that may be a deterrent for you.

I will email the owner and inquire about security practices, and follow up here.

EDIT: His response available via PM. Short answer: It is a concern for AUs, not card holders, though they are informed on signup that it will be shared, I'm not sure to the extent, and is one reason why they need to get the portal up and running.

Quote
Also, I was checking on the Discover website just now to see what information they ask for when adding an AU (in relation to my question above), and I noticed the following in their FAQ regarding AUs:

Authorized users can report any lost or stolen cards, obtain account information, initiate billing disputes, request statement copies, make payments and inquire about fees.

I am not sure if the AU would need more information than they obtain through this process in order to call and obtain account information, or request a statement copy, but that gives me a little hesitation as I mull that over to see what that could potentially expose to an AU.  I believe the AU will see my name and address on their credit report, or at least I seem to recall reading that previously or discussing that with the old company.

Theoretically in some cases an AU could do something.  In actuality, they won't have enough information on you to "verify" when they call in, or be able to do anything.

As I said before in the thread:
Quote
The company I recommend has NEVER had an AU get a card and spend money on it, and they've been doing this for ten years. My previous recommendation, who has been in business four years, have also never had that happen.  Fourteen combined years, thousands and thousands of tradeline sales, zero instances of this.  I'm not worried about it happening in the slightest.

That may have been missed by a lot of people, because I put it in the first post (which I tweaked/updated) as new information, but I'm betting a lot of people who read the old thread skipped that first post since 80% of the content was the same.

That (14 years combined experience with thousands and thousands of AUs) personally moved me past the "slightly worried about the theoretical possibility" to "not worried about the actual real world possibility."

But, of course, do what you're comfortable with.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: turketron on January 04, 2017, 06:22:12 AM
Update- I submitted my info for just one card (Capitol One, 18 months old, $10k CL) and received this reply:

Quote
Thanks for contacting us but unfortunately we can only accept cards that are at least 2-3 years old AND over $10k limit. Save our information though as we can sign you up in June once your card hits 2 year of age.

This doesn't seem to jive with the payout schedule for New Company that ARS posted at the start of the thread- has anyone else received a similar response?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: homestead neohio on January 04, 2017, 06:37:52 AM
Thanks for the write-up.  PM sent.  I did not get in on the old company before they shut down accepting new applicants.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 04, 2017, 06:38:18 AM
Update- I submitted my info for just one card (Capitol One, 18 months old, $10k CL) and received this reply:

Quote
Thanks for contacting us but unfortunately we can only accept cards that are at least 2-3 years old AND over $10k limit. Save our information though as we can sign you up in June once your card hits 2 year of age.

This doesn't seem to jive with the payout schedule for New Company that ARS posted at the start of the thread- has anyone else received a similar response?

Please see this post:
http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1358547/#msg1358547 (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1358547/#msg1358547)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: turketron on January 04, 2017, 06:42:42 AM
ugh, must have missed that one, thanks ARS.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 04, 2017, 06:45:56 AM
ugh, must have missed that one, thanks ARS.

No worries, sorry about that!  :)

Exceptions are made if one part is high, even if the other is low... so if you can bump your credit line, he'll likely accept it early, otherwise try again in a few months (or possibly sooner, I will update if that's the case, right now they're just scrambling to enroll all the cards they can that will sell well, then can enroll the others after things slow down).

In other words, right now they want cards that are > 2 yrs, 10k+, BUT cards under 10k, but with a long history might be accepted, or cards well over 20k, but less than 2 years might be accepted. If you have both, great, but a good one of one can make up for a weaker one of the other, if that makes sense.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 04, 2017, 07:04:11 AM
I requested a limit increase online, but I haven't used the card in a while. This might be a deterrent.

I have a young Cap One card with a $30k limit. After I get a decision on the increase for the first card, I'll call to have this limit transferred to my older card. I may have missed posts about this, but does anyone know if Cap One is strict about doing this?

Might as well request an increase on the newer one, too, before you transfer the credit over.  :)

As far as transferring it, it's easy with Capital One, you can even do it online!
http://www.doctorofcredit.com/you-can-now-consolidatereallocate-credit-limits-with-capital-one-online-and-close-cards/ (http://www.doctorofcredit.com/you-can-now-consolidatereallocate-credit-limits-with-capital-one-online-and-close-cards/)

Rules for all card issuers regarding transferring credit:
http://www.doctorofcredit.com/rules-for-reallocating-your-credit-limit-with-each-credit-card-issuer/
 (http://www.doctorofcredit.com/rules-for-reallocating-your-credit-limit-with-each-credit-card-issuer/)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: turketron on January 04, 2017, 07:17:17 AM
yeah I tried increasing the CL online but got the same response as MJ, because the card has had very little activity in the past year or so. I may try calling to see if they'll reconsider but I don't expect much without more (recent) activity on the card. Looks like the CL consolidation requires cards to have been open for 6 months, so I'm gonna look for a new Capital One card to sign up for tonight, and then 6 months from now I can close that and add its CL to my existing one, which will at that point be 2 years old.

Unfortunately my other cards are Chase/AmEx so this is the only card I have right now that I can use.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 04, 2017, 07:20:17 AM


yeah I tried increasing the CL online but got the same response as MJ, because the card has had very little activity in the past year or so. I may try calling to see if they'll reconsider but I don't expect much without more (recent) activity on the card. Looks like the CL consolidation requires cards to have been open for 6 months, so I'm gonna look for a new Capital One card to sign up for tonight, and then 6 months from now I can close that and add its CL to my existing one, which will at that point be 2 years old.

Unfortunately my other cards are Chase/AmEx so this is the only card I have right now that I can use.

Good plan.  Only don't close the old one. Just transfer all of its credit except for like $500, and leave it open.  Then you'll have two you can be asking for line increases on, and a second one to age and eventually enroll (splitting some credit back, if necessary).

And once you have this card eligible, Chase will work too (it just needs another card with it), though Chase is riskier.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: turketron on January 04, 2017, 08:08:53 AM
Good plan.  Only don't close the old one. Just transfer all of its credit except for like $500, and leave it open.  Then you'll have two you can be asking for line increases on, and a second one to age and eventually enroll (splitting some credit back, if necessary).

ooo good call!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: aetherie on January 04, 2017, 08:15:29 AM
I sent in the paperwork this morning to enroll my first card (2.5 years old, Barclays, $20k limit). This will be a fun experiment!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MEJG on January 04, 2017, 08:33:01 AM
What is the current thinking with Chase?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 04, 2017, 08:37:54 AM
What is the current thinking with Chase?

1) You need another (non-Chase) card with it, and lines on both have to be sold, so that the Chase will show up correctly (it doesn't report on its own, but another card showing up on the AU's report will help the Chase "link" correctly via this paired card).

2) Chase is the riskiest one to use, as they tend to cancel cards more often than other providers.  Thus you only do 2-3 sales every 3 months (versus, say, Barclays that's 4-5 every month).

I am not doing any Chase sales (though I did do some with the new company to test out the "pairing" process, I then requested my open lines on them be dropped to zero) because I have over 500k in Ultimate Rewards (5k cash if I wanted to redeem it as statement credits, otherwise a lot of travel) that I don't want to risk disappearing if our cards are closed.

If and when I spend all that, I'll consider enrolling my Chase cards again. I have cards enrolled I don't care if they get cancelled (Capital One, Barclays, B of A, etc.).  If you're okay with your Chase cards being cancelled, you can use them, but they are higher risk.

Does that answer your question, or did you mean something else?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MEJG on January 04, 2017, 08:41:29 AM
That answered it ARS.  I was wondering about risk being the same or different with Chase and the new company.  We cannot afford to lose our Chase accounts so I won't be using them.  Which is a shame since that leaves us with 2 cards to use, a Citi and a Capital One.  We will have a BOA to use in 9 months, but we just started churning for rewards this summer so will have more in a couple years.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 04, 2017, 08:43:16 AM
Yeah, the old company is not accepting Chase at all anymore.  They're a hassle.  Too bad.

For anyone who does have good Chase cards and is okay with the risk. it's good money.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoodedfalcon on January 04, 2017, 09:15:41 AM
So far [MOD EDIT: Company info redacted] has been great to work with. I just sent in my paperwork. I decided to leave off the Chase cards and only do my USAA card for now. Need to open more credit cards apparently! Looking forward to extra dollars!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 04, 2017, 10:41:01 AM
All set up with the new company. Thanks again ARS for all the info. Was told not to expect any sales until February because of my payment date, but sold a spot already. USAA asked a bit more questions than I anticipated (single, married etc, contact info). But it still went smoothly.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 04, 2017, 12:03:41 PM
All set up with the new company. Thanks again ARS for all the info. Was told not to expect any sales until February because of my payment date, but sold a spot already. USAA asked a bit more questions than I anticipated (single, married etc, contact info). But it still went smoothly.

Does the new company provide all of the info that USAA requires?  It sounds like it...

Also, as an FYI to everyone, the new company does not monitor the age of your account and automatically bump your payouts as they age past the 2- and 8-year marks.  You have to manually notify them.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 04, 2017, 01:19:09 PM
Quote
Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)

If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 04, 2017, 01:45:46 PM
Quote
Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)

If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.

Rolled my paperwork into a password protected zip, emailed that and phoned in the password.

EIN tip is great, i never looked into that.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dragoncar on January 04, 2017, 01:48:58 PM
Quote
Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)

If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.

Rolled my paperwork into a password protected zip, emailed that and phoned in the password.

EIN tip is great, i never looked into that.

Yeah I would at least password protect it.  Not foolproof, but prevents random intermediaries from just skimming the info
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on January 04, 2017, 02:24:00 PM
I actually asked the company if they had a safe upload for the paperwork as I had similar concerns as some other posters.
They suggested I just fax it, which I did.
They confirmed the reception the first day they were back in the office.

HTH someone!

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 04, 2017, 04:19:41 PM


Was told not to expect any sales until February because of my payment date, but sold a spot already.

Wow, that was fast.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Joel on January 04, 2017, 04:49:59 PM
Quote
Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)

If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.

This is a solid recommendation. Thanks for sharing.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 05, 2017, 06:30:33 AM


Was told not to expect any sales until February because of my payment date, but sold a spot already.

Wow, that was fast.  :)

Yes it was. Could be the 20k+ limit and the fact that the card is over 10 years old now. Sold another last minute spot. Hope they don't ask more personal questions about the AU (like weather they are single or not).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 05, 2017, 07:09:26 AM
All set up with the new company. Thanks again ARS for all the info. Was told not to expect any sales until February because of my payment date, but sold a spot already. USAA asked a bit more questions than I anticipated (single, married etc, contact info). But it still went smoothly.

Does the new company provide all of the info that USAA requires?  It sounds like it...

Also, as an FYI to everyone, the new company does not monitor the age of your account and automatically bump your payouts as they age past the 2- and 8-year marks.  You have to manually notify them.

I think USAA was just asking general questions. They asked me if they were a military veteran as well. I think they were looking to recruit more folks to USAA.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: d4future on January 05, 2017, 08:11:04 AM
got setup with new company also. I have an LLC which I use for all these freelancing/side gigs projects so I don't have to share my SSN with everyone and their grandma.

Thanks arebelspy for the recommendation!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 05, 2017, 08:39:56 AM
after travel hacking the last few years its very interesting to me personally how my new selections of signups are revolving around what will get me the most bang for my buck with adding AUs ... i no longer care as much about the sign up bonuses
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 05, 2017, 09:08:14 AM
after travel hacking the last few years its very interesting to me personally how my new selections of signups are revolving around what will get me the most bang for my buck with adding AUs ... i no longer care as much about the sign up bonuses

Yep. Although our travel hacking has slowed a bit. Just 1 or 2 cards here and there now. Definitely not closing cards down as often.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: cheapass on January 05, 2017, 11:06:01 AM
Quote
Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)

If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.

Do you need to have the cards registered to the EIN? Or what is the advantage of establishing an EIN?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 05, 2017, 11:21:48 AM
Quote
Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)

If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.

Do you need to have the cards registered to the EIN? Or what is the advantage of establishing an EIN?

unless you already have something setup for something like that the costs wont be worth it.  i'd assume you'd have to claim as a company if you did that vs misc income making you responsible for all the FICA taxes on your money in addition to federal and state income taxes.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 05, 2017, 03:50:14 PM
Quote
Obviously you have less at risk as a cardholder, but security in general is a concern when dealing with any of this (the company has your SSN as a cardholder to issue you the 1099)

If you're concerned about the security of this, just get an EIN. It's free from the IRS and I have one entirely so that I don't have to give out my SSN for various freelancing opportunities. If my EIN gets compromised, I suppose that would suck, but not as bad as my SSN.

Do you need to have the cards registered to the EIN? Or what is the advantage of establishing an EIN?


The EIN is for the purpose of not giving your SSN on the W9 to the tradeline company, it has nothing to do with your credit cards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: powskier on January 05, 2017, 05:01:02 PM
Emailed with all info required have not heard back yet either. Wondering if they got maxed out already?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ZagNation on January 05, 2017, 05:21:50 PM
Emailed with all info required have not heard back yet either. Wondering if they got maxed out already?
I emailed my initial information yesterday morning and received a response in the evening. It may take longer than 'usual' for them to respond as they certainly have a good problem on their hands processing the elevated MMM traffic.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on January 05, 2017, 05:34:11 PM
With all the mustachian volume, pretty soon we're going to need a 3rd tradeline company recommendation.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 05, 2017, 05:49:38 PM
Emailed with all info required have not heard back yet either. Wondering if they got maxed out already?
I emailed my initial information yesterday morning and received a response in the evening. It may take longer than 'usual' for them to respond as they certainly have a good problem on their hands processing the elevated MMM traffic.

Yup, this.

If you don't hear back within 24 hours though, it probably slipped through the cracks, and following up is fine.

With all the mustachian volume, pretty soon we're going to need a 3rd tradeline company recommendation.

Hah. 

I think we have enough volume for the supply side of our own company, but the more difficult part--finding AUs, verifying them, and doing it all securely--remains a bigger problem.  Let the experienced guys handle that, IMO.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dragoncar on January 05, 2017, 06:35:06 PM
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 05, 2017, 06:37:47 PM
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.

Once you're past like 750, there's no extra benefit for credit boost.  May be helpful for some here, but I'm betting most of us are well past that.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: powskier on January 05, 2017, 08:00:04 PM
Emailed with all info required have not heard back yet either. Wondering if they got maxed out already?
emailed again, got response within a few hours. All good.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: solon on January 05, 2017, 08:07:05 PM
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.

Once you're past like 750, there's no extra benefit for credit boost.  May be helpful for some here, but I'm betting most of us are well past that.

What would a fellow mustachian give in exchange for pigtailing on my credit score? Would it be the same fee charged by the trade line company? Or would it be a non-monetary form of compensation?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 05, 2017, 08:11:44 PM
He said swap, so I assume it would be in the case of both refinancing.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 05, 2017, 08:37:16 PM
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.

Once you're past like 750, there's no extra benefit for credit boost.  May be helpful for some here, but I'm betting most of us are well past that.

Shoot, with 5 hard pulls listed and 3 new cards in the past 6 months, Discover says I'm at 844, while Credit Karma is a more reasonable 825/829
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 05, 2017, 08:56:03 PM
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.

Once you're past like 750, there's no extra benefit for credit boost.  May be helpful for some here, but I'm betting most of us are well past that.

Shoot, with 5 hard pulls listed and 3 new cards in the past 6 months, Discover says I'm at 844, while Credit Karma is a more reasonable 825/829

I don't think either of those are real fico's. Isn't the max 800?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 05, 2017, 09:19:57 PM
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.

Once you're past like 750, there's no extra benefit for credit boost.  May be helpful for some here, but I'm betting most of us are well past that.

Shoot, with 5 hard pulls listed and 3 new cards in the past 6 months, Discover says I'm at 844, while Credit Karma is a more reasonable 825/829

I don't think either of those are real fico's. Isn't the max 800?

It used to be.  The new Vantage scores go up to 850.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: bigalsmith101 on January 05, 2017, 09:46:36 PM
I emailed this afternoon at 2pm PST with a simple,

"Hello, Any update on the process? I'm chomping at the bit here! Thanks!"

He responded 4 hours later with

 "Hi Alex, Ha ha, I don't blame you! Joe has referred has referred hundreds of cards/cardholders over the last week. You got in early but there were a good 30-40 ahead of you but my guess is 1-2 weeks till we can get you some adds."

So, we're in business!


[Mod Edit: Company info removed.]
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 06, 2017, 12:08:05 AM
I got 9 AU adds today (5 on my wife's Barclays, 4 on mine, one opened June 2014, 15k limit, the other opened Aug 2014, 15.5k limit), so they're still cranking away over there.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 06, 2017, 05:36:03 AM
I got 9 AU adds today (5 on my wife's Barclays, 4 on mine, one opened June 2014, 15k limit, the other opened Aug 2014, 15.5k limit), so they're still cranking away over there.  :)

Dang!!! Wish I had more cards to use. My wife is always skeptical of these little endeavors so I am a little hesitant in asking to use her card. However, she was hesitant of churning at first but loves it now.

I've only got 2 AU adds so far. But happy with that for now.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 06, 2017, 05:42:36 AM
We could do a mustachian AU swap, where people who want to boost their scores before a refi give reciprocal AUs on their highest-valued cards.

Once you're past like 750, there's no extra benefit for credit boost.  May be helpful for some here, but I'm betting most of us are well past that.

Shoot, with 5 hard pulls listed and 3 new cards in the past 6 months, Discover says I'm at 844, while Credit Karma is a more reasonable 825/829

I don't think either of those are real fico's. Isn't the max 800?

It used to be.  The new Vantage scores go up to 850.

No. The cap has always been 850. Very few people even see 800 because they fuck up along the way.

But I have a very long and deep credit history without a single late payment. Multiple mortgages, car loans, and 3 of my credit cards are over 20 years old. Utilization is below 5%

All 3 are listed as an 850 scale, just as it was when Fair Isaac introduced it in 1989.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 06, 2017, 05:53:50 AM

still none are real FICOs have to do a hard pull to get your real scores they just try to match what they think the formulas are.  My mortgage broker friends hate those sites b/c they always skew high and give people a false sense of where they are.  you can assume 30-50 points lower than CK in most cases.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 06, 2017, 05:56:42 AM
CreditKarma and Mint just give an estimate, but some of my CCs claim to give an actual FICO (Barclays).

From an email I got earlier today:
Quote
There's been a change in your FICO® Score, "the score lenders use". To view your updated credit score at no cost, please visit www.BarclaycardUS.com/servicing/score, log in to your credit card account, and select "Tools". This Alert and complimentary online credit score access are available to you as a Barclaycard Arrival™ World MasterCard® Cardmember

I don't think they could use FICO (and the registered trademark) unless it actually IS the FICO score.  I could be wrong, but I think many are estimates, like you guys are saying, but some actually are FICO scores.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 06, 2017, 06:03:09 AM
CreditKarma and Mint just give an estimate, but some of my CCs claim to give an actual FICO (Barclays).

From an email I got earlier today:
Quote
There's been a change in your FICO® Score, "the score lenders use". To view your updated credit score at no cost, please visit www.BarclaycardUS.com/servicing/score, log in to your credit card account, and select "Tools". This Alert and complimentary online credit score access are available to you as a Barclaycard Arrival™ World MasterCard® Cardmember

I don't think they could use FICO (and the registered trademark) unless it actually IS the FICO score.  I could be wrong, but I think many are estimates, like you guys are saying, but some actually are FICO scores.

Sure, but even within FICO there are 4 different generations of scoring methodology current active, and each of the credit bureaus has a slightly different data set - potentially giving you 12 different "FICO" numbers.

When we got our last mortgage, the one the banker hard pulled was an 816 - highest she had ever seen, apparently. That was awhile ago, I have a considerably longer history now.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NoStacheOhio on January 06, 2017, 09:22:34 AM
So I've been following these threads for a little while, and I was wondering if store cards issued by an eligible bank (Home Depot/Citi in this case) work for this?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 06, 2017, 09:58:52 AM
So I've been following these threads for a little while, and I was wondering if store cards issued by an eligible bank (Home Depot/Citi in this case) work for this?

ARS's epic post identifies which issuers the old and new company will use.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 06, 2017, 11:18:34 AM
So I've been following these threads for a little while, and I was wondering if store cards issued by an eligible bank (Home Depot/Citi in this case) work for this?

Cobranded cards generally work fine. It's a Citi card. Citi handles everything. Sure, they slap the Home Depot name on it and probably have a discount deal for HD charges.

For tradelines it should not matter. Except for the Costco card. I have been told conflicting things with that one and should ask the tradelines company.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on January 06, 2017, 12:09:08 PM
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: N on January 06, 2017, 12:13:57 PM
Thanks for doing all the research ARS.
I only have 2 cards that are aged enough, (right now, but more in the pipeline!) but I was able to bump up their credit limits and Ive send my referral email to the new company.

The last company only gave me 1 sale in 4 months (admittedly I joined around august when they had their peak mustachian onslaught).

So Im hopeful for this new one!

Thank you!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 06, 2017, 01:12:33 PM
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.

I looked it up, it is in the card's ToS. Mine is 2004, $16k limit. No dice though.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 06, 2017, 01:25:15 PM
Submitted every card I have that is eligible. He even took a couple less than a year old due to the limits ($20k and $30k). They will pay a little less until they hit a year, but still worth it.

All told, if I get the maximum number of adds each month I will be somewhere in the $1650/mo range! With all the new cards they have, he said it will probably be 2-4 weeks until I get my first add. Can't wait to get going with this, will definitely help curl the ends of my 'stache a little bit!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on January 06, 2017, 02:08:17 PM
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.

I looked it up, it is in the card's ToS. Mine is 2004, $16k limit. No dice though.

What's in the card's TOS specifically? That AUs have to be Costco members? If so, theoretically the new company could ask for that information at some point during the process and, if yes, open up available cards to purchase spots on as a result. That's what I meant—the new company didn't seem to have a hard line about "we don't accept Costco cards", just "it wouldn't work unless the AU has a Costco membership".
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 06, 2017, 02:22:05 PM
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.

I looked it up, it is in the card's ToS. Mine is 2004, $16k limit. No dice though.

What's in the card's TOS specifically? That AUs have to be Costco members? If so, theoretically the new company could ask for that information at some point during the process and, if yes, open up available cards to purchase spots on as a result. That's what I meant—the new company didn't seem to have a hard line about "we don't accept Costco cards", just "it wouldn't work unless the AU has a Costco membership".

I suspect they have more than enough low hassle cards coming in at the moment...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on January 06, 2017, 03:38:13 PM
The new company told me that the Citi Costco card wouldn't work unless the AUs were also Costco members. Since I don't have any cards (yet) that fit the current 2yr/+$10k parameters, I didn't press for any clarity about whether or not they'd ask for Costco membership information or if that meant they didn't do Costco cards at all.

I looked it up, it is in the card's ToS. Mine is 2004, $16k limit. No dice though.

What's in the card's TOS specifically? That AUs have to be Costco members? If so, theoretically the new company could ask for that information at some point during the process and, if yes, open up available cards to purchase spots on as a result. That's what I meant—the new company didn't seem to have a hard line about "we don't accept Costco cards", just "it wouldn't work unless the AU has a Costco membership".

I suspect they have more than enough low hassle cards coming in at the moment...

A fair point, that. :D
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on January 06, 2017, 06:33:58 PM
Quick question - how quickly does the "new" company expect you to add an AU, 24 hours? 48 hours? Basically, how far ahead of time do you receive the order?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 06, 2017, 06:56:10 PM
Quick question - how quickly does the "new" company expect you to add an AU, 24 hours? 48 hours? Basically, how far ahead of time do you receive the order?

Typically 3-4 days. The email I got yesterday (Thurs in the States) said to add by Monday.

I've had longer, can't remember if I had shorter, as I almost always do it right away. But that's the typical range, I believe.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 06, 2017, 06:59:56 PM
I got 9 AU adds today (5 on my wife's Barclays, 4 on mine, one opened June 2014, 15k limit, the other opened Aug 2014, 15.5k limit), so they're still cranking away over there.  :)

Wow!  I only have 1 card enrolled on the old recommendation.  It happens to be a Barclays also.  It seems like they are one of the easiest for AUs.  I may get a couple of their cards for DW and I so they can start aging.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 07, 2017, 05:48:17 AM
Quick question - how quickly does the "new" company expect you to add an AU, 24 hours? 48 hours? Basically, how far ahead of time do you receive the order?

Seems to depend. I got an order for a single AU and added right away. They were appreciative of the quick response and I got another one that they requested be added that day because of my cards closing date.   
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 07, 2017, 06:05:05 AM
Quick question - how quickly does the "new" company expect you to add an AU, 24 hours? 48 hours? Basically, how far ahead of time do you receive the order?

Seems to depend. I got an order for a single AU and added right away. They were appreciative of the quick response and I got another one that they requested be added that day because of my cards closing date.

That's a good point, I have got a few "last minute" adds, typically on ones I've already added to.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 07, 2017, 06:47:36 AM
Well, all my cards close within the next 10 days - hopefully they're listed by now and I'll get some of those last-minute orders :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on January 07, 2017, 07:31:40 AM
Does anyone else have trouble with adding users on Discover's website?  IF you don't type in the authorized user's  address correctly in the format that Discover likes, it claims the "physical address" is incorrect. You can try to retype the address in different ways and still get the same outcome, it's like their software has no common sense. I have had a couple of users declined because of this.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 07, 2017, 07:34:58 AM
Does anyone else have trouble with adding users on Discover's website?  IF you don't type in the authorized user's  address correctly in the format that Discover likes, it claims the "physical address" is incorrect. You can try to retype the address in different ways and still get the same outcome, it's like their software has no common sense. I have had a couple of users declined because of this.

Yes, I've had that happen, but now I always tweak the address to what they want (I think matches US postal regulations or something?), and never had an AU not show up correctly.

Once with the old company I had to email for clarification on an address, but now just manually tweak myself.

For example, I use "APT" instead of #, if they're like "123 Main Street #54."

Also I put APT and the number in Barclays, too, in the main line, even though they have a separate box for apartment (I just ignore that, and put it on the main line).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: medinaj2160 on January 07, 2017, 07:47:14 AM
Are you guys geting notified by the owner when you have to add an AU? Or the company?


MOD EDIT: Company info redacted.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 07, 2017, 07:52:31 AM
Are you guys geting notified by the owner when you have to add an AU? Or the company?

No, there's several employees handling different things.

The person who emails you the AU info is not the main point of contact you've been using (though he is CC'd, and you'll reply all confirming when you've added the AU(s)).

PM if you'd like more details, or you'll see when you get your first AU add.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Fireball on January 07, 2017, 08:13:41 AM

still none are real FICOs have to do a hard pull to get your real scores they just try to match what they think the formulas are.  My mortgage broker friends hate those sites b/c they always skew high and give people a false sense of where they are.  you can assume 30-50 points lower than CK in most cases.

I have a team of people that work for me where all they do everyday is respond to credit disputes. About 10% of their work is due to CreditKarma giving borrowers inaccurate information. I agree with your friend, those sites suck donkey $@#&!.

PS - If anyone has any credit reporting or dispute type questions, feel free to PM me. Credit reporting is a big part of my daily life(yay - lol).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: LifeHappens on January 07, 2017, 09:36:09 AM
I need to call Citi and ask for a credit line increase. I have an old Forward card with them that had a $7000 credit limit. I asked for an increase on the web page and they bumped me to $8900. Obviously, I want to get it above $10,000 to use for this, but I've never called and asked for an increase before.

Are there any questions I should be prepared for, such as why I want a further increase?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on January 07, 2017, 10:37:52 AM
Typically 3-4 days. The email I got yesterday (Thurs in the States) said to add by Monday.

I've had longer, can't remember if I had shorter, as I almost always do it right away. But that's the typical range, I believe.

Thanks everyone for the info on lead times.

Another quick question on the new company - their FAQ says that if you can't add an AU's SSN online, then you need to call to add it. The old company directed me to not worry about the SSN for Barclay (after the SSN option was removed from the online add), as long as I included their address. ARS & others, are you calling in to add the SSN for Barclay card adds after adding them online with the new company?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Joel on January 07, 2017, 12:57:12 PM
Well, I submitted my application today. We will see when I get my first sale. I've only got two cards I'm willing to test this out with. There's two cards in my wife's names I would be willing to use as well, but she's not ready.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: westtoeast on January 07, 2017, 02:28:51 PM
Posting to follow-- I'm close to having had one of my eligible cards long enough to qualify and will hopefully do this soon.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 07, 2017, 02:33:39 PM
The last response I received was on 1/4 saying they'd received my bank account info. I've had no responses to any of my follow ups since so I assume I'm signed up and good to go and will patiently wait. If you call them, you'll typically go to a voicemail that's full so it's clear they are very busy.

I'm chomping at the bit to see how this goes so hopefully I'm fully enabled in their queue :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 07, 2017, 04:38:53 PM
I need to call Citi and ask for a credit line increase. I have an old Forward card with them that had a $7000 credit limit. I asked for an increase on the web page and they bumped me to $8900. Obviously, I want to get it above $10,000 to use for this, but I've never called and asked for an increase before.

Are there any questions I should be prepared for, such as why I want a further increase?

Nah.  AUs shouldn't have anything to do with limit increase, obviously.  They'll just want you to repeat the same info you put in online (annual income, length of employment, your address, etc.).

Just call and let them know the credit increase you got online wasn't what you were looking for, and ask if they can bump it.  Good luck, let us know how it turns out!  :)



Typically 3-4 days. The email I got yesterday (Thurs in the States) said to add by Monday.

I've had longer, can't remember if I had shorter, as I almost always do it right away. But that's the typical range, I believe.

Thanks everyone for the info on lead times.

Another quick question on the new company - their FAQ says that if you can't add an AU's SSN online, then you need to call to add it. The old company directed me to not worry about the SSN for Barclay (after the SSN option was removed from the online add), as long as I included their address. ARS & others, are you calling in to add the SSN for Barclay card adds after adding them online with the new company?

I do indeed do my Barclays online, with the address, though the company asks you to call in and add SSNs, I have not had an issue doing it that way so far.  The paranoid wanting to make sure they get the money should add the SSN to make SURE it reports.  I call it "good enough."  YMMV, and keep in mind it would be a bummer to lose $200 or whatever cause you didn't want to make a 5 minute phone call, so probably better to listen to the company than me.  Just confirming that's what I do.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 07, 2017, 06:23:11 PM
CreditKarma and Mint just give an estimate, but some of my CCs claim to give an actual FICO (Barclays).

From an email I got earlier today:
Quote
There's been a change in your FICO® Score, "the score lenders use". To view your updated credit score at no cost, please visit www.BarclaycardUS.com/servicing/score, log in to your credit card account, and select "Tools". This Alert and complimentary online credit score access are available to you as a Barclaycard Arrival™ World MasterCard® Cardmember

I don't think they could use FICO (and the registered trademark) unless it actually IS the FICO score.  I could be wrong, but I think many are estimates, like you guys are saying, but some actually are FICO scores.

Sure, but even within FICO there are 4 different generations of scoring methodology current active, and each of the credit bureaus has a slightly different data set - potentially giving you 12 different "FICO" numbers.

When we got our last mortgage, the one the banker hard pulled was an 816 - highest she had ever seen, apparently. That was awhile ago, I have a considerably longer history now.

As a followup, I activated the Fico check on my BoA card, it claims to be an actual FICO 8 calculation with the registered trademark any everything, using TransUnion for the report. Tied with Discover at 844/850
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: RedwoodDreams on January 07, 2017, 10:00:31 PM
I need to call Citi and ask for a credit line increase. I have an old Forward card with them that had a $7000 credit limit. I asked for an increase on the web page and they bumped me to $8900. Obviously, I want to get it above $10,000 to use for this, but I've never called and asked for an increase before.

Are there any questions I should be prepared for, such as why I want a further increase?

Nah.  AUs shouldn't have anything to do with limit increase, obviously.  They'll just want you to repeat the same info you put in online (annual income, length of employment, your address, etc.).

Just call and let them know the credit increase you got online wasn't what you were looking for, and ask if they can bump it.  Good luck, let us know how it turns out!  :)



Typically 3-4 days. The email I got yesterday (Thurs in the States) said to add by Monday.

I've had longer, can't remember if I had shorter, as I almost always do it right away. But that's the typical range, I believe.

Thanks everyone for the info on lead times.

Another quick question on the new company - their FAQ says that if you can't add an AU's SSN online, then you need to call to add it. The old company directed me to not worry about the SSN for Barclay (after the SSN option was removed from the online add), as long as I included their address. ARS & others, are you calling in to add the SSN for Barclay card adds after adding them online with the new company?

I do indeed do my Barclays online, with the address, though the company asks you to call in and add SSNs, I have not had an issue doing it that way so far.  The paranoid wanting to make sure they get the money should add the SSN to make SURE it reports.  I call it "good enough."  YMMV, and keep in mind it would be a bummer to lose $200 or whatever cause you didn't want to make a 5 minute phone call, so probably better to listen to the company than me.  Just confirming that's what I do.  :)


Just to add my experiences with Barclays adds with the old co.: I got a total of 4 sales last year, but only 2 of them posted correctly. I didn't call to add the SS, but I will for any future orders, in case that helps things post correctly. It's so very sad not to receive that payment when you're expecting it.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Wandles on January 10, 2017, 11:08:13 AM
I was able to get signed up with the "new recommendation" last week and had 2 sales on my USAA card in less than a week! I plan to post my experience for others as I go along.  So far the company has been very easy to work with and quick to respond.  USAA requires you to add AU's over the phone which is less awkward than I anticipated.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: runewell on January 10, 2017, 11:17:03 AM
I signed up with them with one card that is 2 years old and 10,000+ credit limit immediately after the new year and I haven't heard a peep out of them yet!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ZagNation on January 10, 2017, 11:26:21 AM
I signed up with them with one card that is 2 years old and 10,000+ credit limit and I haven't heard a peep out of them yet!
I emailed all of my enrollment materials on two cards, Discover (24.5K limit @ 2yrs) and Citi (13.2K limit @ 6yrs), last Friday and although I am a tad bit anxious/worried about not receiving at least a confirmation response I shall give them the benefit of the doubt. However if I do not receive a response by the end of this week I will send a follow up email to request a status update. I suppose the increased MMM traffic is pushing them to their limits, at least that's the reason I keep telling myself ;).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 10, 2017, 03:15:04 PM
I was able to get signed up with the "new recommendation" last week and had 2 sales on my USAA card in less than a week! I plan to post my experience for others as I go along.  So far the company has been very easy to work with and quick to respond.  USAA requires you to add AU's over the phone which is less awkward than I anticipated.

Nice!  Thanks for sharing your experience.

Those of you waiting, I believe they're saying the average time right now from sign up to first tradeline sale will typically be 2-3 weeks (longer if your card is < 20k, 5 yrs+, shorter if it's higher than those), and that's average--so some will be much quicker (as above), some will take longer.

Also closing date plays a factor, as you'll typically see sales right before your closing date, so if your closing date is the 30th, you'll have a few weeks to wait--if it's the 8th, you already missed that window.  Even if your card was enrolled at that time, then hopefully you'll see one next statement.

@Wandles: Can you confirm the above?  What is the age/limit range of your card, if you don't mind sharing? (And I'm assuming the closing date is soon?)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 10, 2017, 06:21:29 PM
Two of mine have payment dates of today and tomorrow, probably missed on those. Still hope for the one on the 16th, it is >$20k, >10years old.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: EverCurious on January 10, 2017, 07:21:28 PM
This sounds pretty awesome! Now I will have to go get a credit card lol
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ZagNation on January 10, 2017, 10:54:11 PM
I signed up with them with one card that is 2 years old and 10,000+ credit limit and I haven't heard a peep out of them yet!
I emailed all of my enrollment materials on two cards, Discover (24.5K limit @ 2yrs) and Citi (13.2K limit @ 6yrs), last Friday and although I am a tad bit anxious/worried about not receiving at least a confirmation response I shall give them the benefit of the doubt. However if I do not receive a response by the end of this week I will send a follow up email to request a status update. I suppose the increased MMM traffic is pushing them to their limits, at least that's the reason I keep telling myself ;).
Small update. I grew antsy and sent a follow up email asking for a status update and to my surprise, less than a couple hours later I received a response! Both of my cards have been added to their system and I was given a 3-4 week eta on when I can anticipate a sale. When that occurs I will be sure to inform you all! Oh by the way, it was confirmed that several hundred MMM cardholders have signed up recently so their resources have been stretched a bit thin lately.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 10, 2017, 11:13:05 PM
I talked with them today as well and they are simply super busy with all the business and this being their busy time of year. We should all be patient.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 11, 2017, 05:53:26 AM
I was able to get signed up with the "new recommendation" last week and had 2 sales on my USAA card in less than a week! I plan to post my experience for others as I go along.  So far the company has been very easy to work with and quick to respond.  USAA requires you to add AU's over the phone which is less awkward than I anticipated.

I am right there with you. Got two sales on my USAA card right away as well (right before closing date). I felt like USAA asked a few more questions than I was prepared to answer. Although I was still able to add both AUs without hesitation. Funny story, both cards showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.

For those waiting you just have to be patient. As ARS stated, I am sure much of this depends on closing dates and the fact that they are super busy.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: frozen on January 11, 2017, 06:15:43 AM

Funny story, both cars showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.

This is something that bugs me. These companies are supposed to send AU cards to you using your name and address, not the AU's name.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 06:23:58 AM

Funny story, both cars showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.

This is something that bugs me. These companies are supposed to send AU cards to you using your name and address, not the AU's name.

Odd. I've never had that happen, they always have our name on the envelope, out of dozens and dozens of tradeline sales.

Maybe it's provider dependent?  For example, I don't have any USAA.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 11, 2017, 07:07:49 AM

Funny story, both cars showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.

This is something that bugs me. These companies are supposed to send AU cards to you using your name and address, not the AU's name.

Odd. I've never had that happen, they always have our name on the envelope, out of dozens and dozens of tradeline sales.

Maybe it's provider dependent?  For example, I don't have any USAA.

USAA always sends the AU cards to me at my address but with the AU's name.  I thought Chase did the same, but I can't remember for sure.  Anyway, either pattern would make sense to me.  Shrug.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 07:16:28 AM
Can't recall Chase either, cause I've only done a few sales with them, but I believe Barclay, B of A, Discover, and Citi always had our names on it.

I'll start paying attention, and maybe others will report in.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 11, 2017, 07:21:25 AM

Funny story, both cars showed up at my address and my kids were confused asking who the person was on the envelope with weird names and our address.

This is something that bugs me. These companies are supposed to send AU cards to you using your name and address, not the AU's name.

Odd. I've never had that happen, they always have our name on the envelope, out of dozens and dozens of tradeline sales.

Maybe it's provider dependent?  For example, I don't have any USAA.

USAA always sends the AU cards to me at my address but with the AU's name.  I thought Chase did the same, but I can't remember for sure.  Anyway, either pattern would make sense to me.  Shrug.

Yeah I didn't really think much of it. I suppose I could request USAA put my name on the envelope so there is no confusion. Not a big deal for me though.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: d4future on January 11, 2017, 07:39:39 AM
Barclays shows AUs name, can confirm.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on January 11, 2017, 07:52:53 AM
Posting as I will be starting next month as the first card that I'm going to use passes the 2 year mark.

Great info all around here!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on January 11, 2017, 10:25:58 AM
I also get quite a few cards in the mail with the AU's name as the recipient. My mail carrier wrote "??" on the first few, but I guess has given up trying to figure out who lives at my house and who doesn't.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Roots&Wings on January 11, 2017, 10:50:51 AM
Has anyone received a quote for $40k+ credit limit age 12-24 mos?

Wondering if that's better than three $20k cards. Apparently Chase let's you transfer credit limit among cards, and I have $60k limit overall with them.

Apologies in advance if this was asked earlier (search is not working for me). Thanks!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Wandles on January 11, 2017, 11:51:07 AM
Those of you waiting, I believe they're saying the average time right now from sign up to first tradeline sale will typically be 2-3 weeks (longer if your card is < 20k, 5 yrs+, shorter if it's higher than those), and that's average--so some will be much quicker (as above), some will take longer.

Also closing date plays a factor, as you'll typically see sales right before your closing date, so if your closing date is the 30th, you'll have a few weeks to wait--if it's the 8th, you already missed that window.  Even if your card was enrolled at that time, then hopefully you'll see one next statement.

@Wandles: Can you confirm the above?  What is the age/limit range of your card, if you don't mind sharing? (And I'm assuming the closing date is soon?)

My card closed on the 9th and my sales were on the 8th and 9th so they were last minute sales.  It is an older card (~10 years) and has a $25k limit so I'm not sure if that got me worked through the system faster.  At the same time as the USAA card I signed up a Citi card that is 2 years old, ~$11k limit, same closing date and no word on that one. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Fireball on January 11, 2017, 11:58:44 AM
Can't recall Chase either, cause I've only done a few sales with them, but I believe Barclay, B of A, Discover, and Citi always had our names on it.

I'll start paying attention, and maybe others will report in.

Citi and Cap One put the AUs name on there. Not that it concerns me, however.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: erutio on January 11, 2017, 12:02:26 PM
Has anyone tried using USBank cards before?  They seem to be the one CC company that doesn't let you add AUs online, you have to fill out a form and mail/fax it back.  Seems to be more of a hassle than other cards.  Has anyone been able to do it otherwise?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 11, 2017, 12:08:01 PM
Just got my first add.  Barclays card just over 2 years old, $27500 limit, closing date is 15th of the month.  No nibbles on my other cards yet.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 12:10:40 PM
Can't recall Chase either, cause I've only done a few sales with them, but I believe Barclay, B of A, Discover, and Citi always had our names on it.

I'll start paying attention, and maybe others will report in.

Barclays shows AUs name, can confirm.

Citi and Cap One put the AUs name on there. Not that it concerns me, however.

Okay, what the heck.

Barclays puts my name on the envelope (the AU name is obviously on the CARD, but not visible without opening the envelope).  This isn't me misremembering, as I use a mail scanning service--travelingmailbox.com (http://www.travelingmailbox.com) and just went and LOOKED at the most recent AU cards I got.

I just went and dug up a Barclays one, and a B of A one, and a Discover one, and all three are generic from the outside with our name, nothing about the AU.

I wish they put the AU names on it, as it would make it easier to just shred without even having them open it.

It's possible the company is sending back mail not addressed to me or my wife (actually, as I type this, I realize that's very likely--we had to sign a form for the post office that they could open mail addressed to us, so they may be sending back mail not addressed to us.  That may throw up red flags with the CC companies... hmm, will have to think about this), and I don't track receiving the cards or not, so that could totally be happening, but I'm definitely receiving ones that don't have any AU info.  Weird.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: .22guy on January 11, 2017, 12:12:19 PM
Barclays definitely sends the AU cards to my address with the AU name on the letter. On all 3 of my orders with the "old" company anyways.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 11, 2017, 12:13:09 PM
US Bank is a call to add or remove an AU. I have added 4 and removed 2 so far (so, halfway through the 2nd cycle) Single add or remove per call. I make sure i can confidently pronounce the name, and do a quick Google on any unusual name so that I can chat with the rep as needed. "Actually no, Ivan isn't Russian, his family name is Armenian"
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 12:16:17 PM
Barclays definitely sends the AU cards to my address with the AU name on the letter. On all 3 of my orders with the "old" company anyways.

This is SO WEIRD.  What is different about me?  Are the cards bouncing back to Barclays, then they're resending them with my name on the envelope or something?

I just attached a picture of a recent AU card from Barclays (I blacked out the info, but it was my name/address, not an AU).  Do your envelopes look like that/have the same Barclay return address?  (The giant bar code is from the scanning company, cuts off the return address, sorry about that).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 12:19:54 PM
Just got my first add.  Barclays card just over 2 years old, $27500 limit, closing date is 15th of the month.  No nibbles on my other cards yet.

Cool, thanks for the data point!

Seems a few people have gotten sales now, I'm glad to hear it.

The process is clunkier (versus the slick portal--like I said, the technology is the big disadvantage to the new one), but hey, you made a bit more on that sale than you would have with the old company (with their new schedule), so worth putting up with, IMO.  It'll add up.  :)

US Bank is a call to add or remove an AU. I have added 4 and removed 2 so far (so, halfway through the 2nd cycle) Single add or remove per call. I make sure i can confidently pronounce the name, and do a quick Google on any unusual name so that I can chat with the rep as needed. "Actually no, Ivan isn't Russian, his family name is Armenian"

LOL.  Awesome.  I just say it outloud once, twice if necessary before the call, then stumble my way through it.  But I only call to remove (and only with B of A, all my adds are online, and most my removals--Discover, Barclays, etc.).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 11, 2017, 01:03:56 PM
Barclays definitely sends the AU cards to my address with the AU name on the letter. On all 3 of my orders with the "old" company anyways.

This is SO WEIRD.  What is different about me?  Are the cards bouncing back to Barclays, then they're resending them with my name on the envelope or something?

I just attached a picture of a recent AU card from Barclays (I blacked out the info, but it was my name/address, not an AU).  Do your envelopes look like that/have the same Barclay return address?  (The giant bar code is from the scanning company, cuts off the return address, sorry about that).

Your mail provider is probably sending them back.  That happened to me with a PO Box a while back.  No negative result from CC company.

They never re-send them to me however.  Are you sure you are actually receiving them all?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 01:08:29 PM
They never re-send them to me however.  Are you sure you are actually receiving them all?

Yeah, I typically have them opened before shredding (though sometimes I can tell from the look of the envelope, and just shred right away).  Definitely receiving cards with AU names on them, just the envelopes have our names.  Really weird to me that it's different for you guys.  But thanks for everyone reporting that, good to know.   :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Gimesalot on January 11, 2017, 02:04:55 PM
Thought I would add my update to the thread...

I sent the paperwork in on Dec 29th for two credit cards that are both under $10k and 6 years old. 

I just received two sales for the one that closes first.

All in all, I have spent about 30 minutes between PMing ARS for info, filling out the paperwork, and adding the AUs for a return of $150.  Adding each AU online took about 1 minute. 

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: charuhans on January 11, 2017, 02:29:47 PM
Send 3 cards and got confirmation that it would be 2-4 weeks till something comes up on 01/04. All cards between $10,000 & 19,000 and between 6 and 10 years old.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: .22guy on January 11, 2017, 04:07:54 PM
Barclays definitely sends the AU cards to my address with the AU name on the letter. On all 3 of my orders with the "old" company anyways.

This is SO WEIRD.  What is different about me?  Are the cards bouncing back to Barclays, then they're resending them with my name on the envelope or something?

I just attached a picture of a recent AU card from Barclays (I blacked out the info, but it was my name/address, not an AU).  Do your envelopes look like that/have the same Barclay return address?  (The giant bar code is from the scanning company, cuts off the return address, sorry about that).


Yes, looks exactly the same. Definitely has the AU name on it and I know the others did too because my son commented on it, asking who the people were (he is in charge of getting our mail).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: PennySaved75 on January 11, 2017, 06:04:47 PM
I signed up on Dec 30 with the new company and got my first request to add n AU today (Jan 11).  For a Capital One card.  The online AU process asked for the name, SS, DOB and a phone number. I thought they were requesting a phone number for the AU and I could go no further without providing a number.  I contacted the new company about this and was told to use my own phone number, which I did and it looks like the AU got added OK and I should be getting a card in the mail soon.  This was for a 3 year old Cap One card with a $15K limit.

The tips from this thread I have been copying down say I will have to remove a Cap One AU by calling and I have no idea how to pronounce what looks like a Russian or northern Eastern European name, so any tips on how to find out on the Internet how to pronounce foreign names would be appreciated.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 11, 2017, 06:08:15 PM
The tips from this thread I have been copying down say I will have to remove a Cap One AU by calling and I have no idea how to pronounce what looks like a Russian or northern Eastern European name, so any tips on how to find out on the Internet how to pronounce foreign names would be appreciated.

No disrespect meant to our fine credit card customer service representatives, but I doubt that the vast majority of them know how to pronounce these names.  Even if they did, the fact that you or I, as an average American, don't know how to pronounce them would be hardly surprising and I really doubt it would raise even 1/10 of an eyebrow.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on January 11, 2017, 06:51:17 PM
The tips from this thread I have been copying down say I will have to remove a Cap One AU by calling and I have no idea how to pronounce what looks like a Russian or northern Eastern European name, so any tips on how to find out on the Internet how to pronounce foreign names would be appreciated.

I hope I don't sound too snarky, but... Google. "[name] pronunciation".
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: PennySaved75 on January 11, 2017, 07:01:58 PM

I hope I don't sound too snarky, but... Google. "[name] pronunciation".
Thanks.  I tried that and could not find exact spelling of either the first or last name, but got some pronunciations that are very close to the spellings so that will probably suffice.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on January 11, 2017, 07:09:51 PM
If the spelling is close then an audio recording from Google will be just fine. People pronounce their names in so many different weird ways that no CSRs will tell the difference. Happy calling!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 07:11:57 PM
Yeah, I've bungled plenty of names during a call to CS. I phonetically sound it out before with my best guess, then call so I can say it smoothly, even if it's wrong.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hunt2eat on January 11, 2017, 07:32:58 PM
In the email with the paperwork it says to spend $50-500 on the card.  Do I need to spend that much? and when should I start spending on the card? now or wait until I have sold a tradeline?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 07:35:07 PM
In the email with the paperwork it says to spend $50-500 on the card.  Do I need to spend that much? and when should I start spending on the card? now or wait until I have sold a tradeline?
No, it just needs to close with a balance that the CC company won't wipe out (often they wipe balances of 0.99 or less, depending on the company).

I "refill" my Amazon gift card balance with $2.50. You do it when you get the tradeline sale, right away, so it posts and shows up before the statement close.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 11, 2017, 07:43:13 PM
Very suave amount, $2.50. Should bump over even the Discover freebie amount without being excessive.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: PennySaved75 on January 11, 2017, 07:58:20 PM
So it is OK to have only a charge that was made on the credit card a few days before I added the AU, or do I have to make another charge after adding the AU?  I already have an automatic charge for my Netflix account on this card, which should post for next month's credit card bill.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 08:00:10 PM
So it is OK to have only a charge that was made on the credit card a few days before I added the AU, or do I have to make another charge after adding the AU?  I already have an automatic charge for my Netflix account on this card, which should post for next month's credit card bill.

As long as there is a balance when the statement closes, you're good.  The CC may not report to the AUs line if the balance is 0.

A monthly reoccurring fee is perfect, as long as the statement closes with a balance and you pay it off every time after that (not before, and not late).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on January 11, 2017, 08:26:20 PM
So I got an authorized user for a Discover card, and the address for the authorized user that is in the email sent by the company's assistant is different then the address on the driver's license.
So what do I do ?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 11, 2017, 08:40:37 PM
Weird. I've never looked at the docs (only had to upload once, usually Discover auto approves), so I wonder if this has happened before to me.

I just use the address in the email (or portal, for the old company), but if I noticed a discrepancy, I'd email the customer service, which is what I'd suggest here.  If you do, let us know what they say!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on January 11, 2017, 09:16:09 PM
So I got an authorized user for a Discover card, and the address for the authorized user that is in the email sent by the company's assistant is different then the address on the driver's license.
So what do I do ?

I think a lot of people have an outdated address on their license - when I moved I wasn't given a new ID card, they just updated the address in their database. I would probably just go with the one in the email.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on January 11, 2017, 11:07:54 PM
Okay, what the hec k...This isn't me misremembering, as I use a mail scanning service--travelingmailbox.com (http://www.travelingmailbox.com) and just went and LOOKED at the most recent AU cards I got...It's possible the company is sending back mail not addressed to me or my wife (actually, as I type this, I realize that's very likely--we had to sign a form for the post office that they could open mail addressed to us, so they may be sending back mail not addressed to us.

I think it is likely the mail scanning service, since as I recall, depending on the plan you sign up for, you can have a different number of people/names receiving mail at a given address (it starts at two people/business and you can add more I think). So now I'm curious what traveling mailbox does with mail it receives that's not addressed to either of you, and if it raises flags with the credit card companies. We'll be in a similar situation, if/when we ever get a sale again :)

I think a lot of people have an outdated address on their license - when I moved I wasn't given a new ID card, they just updated the address in their database. I would probably just go with the one in the email.

This is a good point. I think it varies from state to state whether they issue a new driver's license every time you move or not. I'd email customer service anyways.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 12, 2017, 05:11:16 AM
So I got an authorized user for a Discover card, and the address for the authorized user that is in the email sent by the company's assistant is different then the address on the driver's license.
So what do I do ?

I think a lot of people have an outdated address on their license - when I moved I wasn't given a new ID card, they just updated the address in their database. I would probably just go with the one in the email.

+1. My license still has my address from 2 years ago on it. The DMV has the correct address in their database though and they gave me a paper that I keep in my car with the correct address in case I get pulled over.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 12, 2017, 05:33:50 AM


So now I'm curious what traveling mailbox does with mail it receives that's not addressed to either of you, and if it raises flags with the credit card companies. We'll be in a similar situation, if/when we ever get a sale again :)

Been selling for 7 months now and no cancelled cards yet, so....

/shrug

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: twg5 on January 12, 2017, 08:49:29 AM
I've always just paid off my credits before they were due so I'd like to clarify how it works. You say you should wait until after the card posts. What does that mean?

Does that mean you should wait until after the payment due date? Does that mean you would pay interest?

Sorry for the ignorant questions and thanks for your help.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Joel on January 12, 2017, 09:20:29 AM
I've always just paid off my credits before they were due so I'd like to clarify how it works. You say you should wait until after the card posts. What does that mean?

Does that mean you should wait until after the payment due date? Does that mean you would pay interest?

Sorry for the ignorant questions and thanks for your help.

You must wait until after the statement posts. The statement must report a balance. You need to also make a payment before the due date as well.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HAPPYINAZ on January 12, 2017, 09:29:11 AM
I've always just paid off my credits before they were due so I'd like to clarify how it works. You say you should wait until after the card posts. What does that mean?

Does that mean you should wait until after the payment due date? Does that mean you would pay interest?

Sorry for the ignorant questions and thanks for your help.


The statement closing date and the payment due date are different.  You always want to pay you credit cards off and not incur interest.  Just make sure you charge something during the month so that there is a balance on the account when the statement closes.  Log into your credit card account and you should be able to see the statement dates and the payment due dates.  Or you can log into credit karma and get the info. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hunt2eat on January 12, 2017, 09:42:25 AM
For an EIN what company type did you use?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: twg5 on January 12, 2017, 09:47:59 AM
Thanks for your guys help. I actually haven't been able to find the closing date for the cards (Barclays and USAA) which I'm using but I'm sure I'll figure it out eventually. I did find the close date for the one Bank of America card I have. Worst case I can just pay off the card a few days before it is due.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 12, 2017, 09:54:16 AM
Thanks for your guys help. I actually haven't been able to find the closing date for the cards (Barclays and USAA) which I'm using but I'm sure I'll figure it out eventually. I did find the close date for the one Bank of America card I have. Worst case I can just pay off the card a few days before it is due.

Call your CC company and they can tell you.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on January 12, 2017, 09:54:23 AM
So I got an authorized user for a Discover card, and the address for the authorized user that is in the email sent by the company's assistant is different then the address on the driver's license.
So what do I do ?

So I'm reporting back the results. I emailed the assistant and the owner at the company, and the assistant emailed back to just use the address on the ID, which I assume meant the driver's license, and not the address that was in the email.
So I used the driver's license address, and the Discover adding authorized user page seemed to find that address and name in it's US postal service database and I was able to add the authorized user, I wasn't even required to upload the driver's license, nor the social security card.
So I believe it has worked, it says authorized user added 1/12/17

And I just want to add I got this email back from the assistant regarding Discover:

"Sorry I usually double check to make sure the address is the same.  Going forward, whenever in doubt always use the address on the ID.  Sometimes the AU doesnt update the address on the ID but Discover wants to see it matches."
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 12, 2017, 10:49:54 AM
So I got my first add request yesterday - should I be concerned that there were no documents? All the email gave was the AU's name, DOB, and social security number - no address, no driver's license, nothing... Is this unusual?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: PennySaved75 on January 12, 2017, 11:11:17 AM
I did not get any documents with my first added AU either.  I was given name, SS, DOB and address in the email.  I did not use the address because this was not a field requested by Capital One. The only thing that stymied me was a request for phone number, but the company said to use my own phone number, which I did.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 12, 2017, 11:28:49 AM
I'm jealous of all these people apparently getting sales already. :)



As for what I used for EIN, I don't remember. I think when I originally registered for it years ago, I was going to start a tax preparer business, so I probably picked something along those lines.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on January 12, 2017, 12:12:06 PM
So I got my first add request yesterday - should I be concerned that there were no documents? All the email gave was the AU's name, DOB, and social security number - no address, no driver's license, nothing... Is this unusual?

Not unless it is required to add an AU by your credit card company. Someone please correct me if I am wrong but I believe not all CC companies require the same info when adding an AU. For instance USAA doesn't require an address to add an AU.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on January 12, 2017, 01:04:39 PM
So I got my first add request yesterday - should I be concerned that there were no documents? All the email gave was the AU's name, DOB, and social security number - no address, no driver's license, nothing... Is this unusual?

You only might ever need to upload documents with Discover card, the other credit card companies aren't this picky.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 12, 2017, 01:37:26 PM
That makes sense, thanks for the responses.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 12, 2017, 03:22:44 PM
Thanks for your guys help. I actually haven't been able to find the closing date for the cards (Barclays and USAA) which I'm using but I'm sure I'll figure it out eventually. I did find the close date for the one Bank of America card I have. Worst case I can just pay off the card a few days before it is due.

If the cc company has sent you a bill, that means it closed.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 12, 2017, 04:50:03 PM
Thanks for your guys help. I actually haven't been able to find the closing date for the cards (Barclays and USAA) which I'm using but I'm sure I'll figure it out eventually. I did find the close date for the one Bank of America card I have. Worst case I can just pay off the card a few days before it is due.

If there's a statement (that you can get in PDF form) with a balance, it's closed.  Easiest way to make sure it's closed and not pay it early is If it says Minimum Payment Due: $0 (even though you have a balance), it hasn't closed.

I wait until it says Minimum Payment Due: $2.50 (that's the amount I charge to the card each time, as above).  Then I know the statement has closed.  You definitely don't want to wait until after the payment date, as then it will be late, and hurt your credit, and the AU's credit, and you'll be charged late fees, interest, etc.  Pay it off between when the statement closes (and you get a statement/the payment due amount changes) and when the payment due date is.

Ditto what everyone said above about getting different info for different CC companies--you will only get the info you need.  Discover sometimes requires uploading documentation (like a driver's license), so you will get that, but for other providers you will not.

Excited to see so many people getting sales already.  Got another one for my one of my wife's Barclay's today (10k limit, 2.5 yrs old).  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 12, 2017, 07:55:00 PM
What email do the sales come from when you're notified to add an AU?  I want to make sure I'm not missing it or it isn't going to spam. PM me if more appropriate. Thanks!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 12, 2017, 07:59:18 PM
What email do the sales come from when you're notified to add an AU?  I want to make sure I'm not missing it or it isn't going to spam. PM me if more appropriate. Thanks!

PM sent.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NinetyFour on January 12, 2017, 08:30:55 PM
What email do the sales come from when you're notified to add an AU?  I want to make sure I'm not missing it or it isn't going to spam. PM me if more appropriate. Thanks!

PM sent.

Joe, I have the same question.  Could you please PM me?  Thx.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 12, 2017, 08:33:43 PM
What email do the sales come from when you're notified to add an AU?  I want to make sure I'm not missing it or it isn't going to spam. PM me if more appropriate. Thanks!

PM sent.

Joe, I have the same question.  Could you please PM me?  Thx.

Sent.

To anyone else wondering: The email to add an AU will come from one of the company employees in charge of adding/removing AUs.

You won't miss it. No one has yet, and no one missed the alert email to check the portal from the last company.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: enginerd1986 on January 12, 2017, 09:17:33 PM
Just an FYI guys/gals, I sent in information for myself and four cards on January 6th. I didn't hear anything back and sent an email requesting a status update this afternoon. The company owner replied promptly and told me that I would most likely not see any adds until sometime in February. I hated to bother them from other reports of them being swamped but my impatience got the best of me. I just thought I'd pass this along for any others that maybe waiting to hear back and are worried. Hope everyone is having a great new year so far!

T
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: link_417 on January 12, 2017, 09:52:43 PM
Just an FYI guys/gals, I sent in information for myself and four cards on January 6th. I didn't hear anything back and sent an email requesting a status update this afternoon. The company owner replied promptly and told me that I would most likely not see any adds until sometime in February. I hated to bother them from other reports of them being swamped but my impatience got the best of me. I just thought I'd pass this along for any others that maybe waiting to hear back and are worried. Hope everyone is having a great new year so far!

T

Thank you! You probably just saved them several emails, I know I was wondering whether I should check in.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Car Jack on January 13, 2017, 06:43:17 AM
So far, this is easier than opening my Citi checking to get $400 last fall.  PM from Joe, email to and already back from tradeline company.  I've already filled out the forms and will be shooting pictures back.  The hint to use creditkarma was very helpful and I was somewhat surprised as to which credit cards were old and which were only a year old (did some churning over the last year).  I'm resurrecting a few older credit cards that I have not used in forever that I've just procrastinated closing.  Thanks for all.

Ok, next....is there going to be a clone set up to come into work for me so I can sleep in and just goof off all day?  Seems the next logical step from this point.....
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hunt2eat on January 13, 2017, 06:52:31 AM
Just an FYI guys/gals, I sent in information for myself and four cards on January 6th. I didn't hear anything back and sent an email requesting a status update this afternoon. The company owner replied promptly and told me that I would most likely not see any adds until sometime in February. I hated to bother them from other reports of them being swamped but my impatience got the best of me. I just thought I'd pass this along for any others that maybe waiting to hear back and are worried. Hope everyone is having a great new year so far!

T
I sent my paperwork back yesterday and I rec'd the same info this last night/this morning. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hunt2eat on January 13, 2017, 12:24:29 PM
I'll ask the question here instead of emailing them: If we want to add new cards/credit limits increase/etc do we resend the agreement in with all of our cards or just new cards/updates?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 13, 2017, 12:57:15 PM


So now I'm curious what traveling mailbox does with mail it receives that's not addressed to either of you, and if it raises flags with the credit card companies. We'll be in a similar situation, if/when we ever get a sale again :)

Been selling for 7 months now and no cancelled cards yet, so....

/shrug

i'm interested to see how mine does with monthly vs bi monthly with the site i use.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on January 13, 2017, 02:15:17 PM
I'll ask the question here instead of emailing them: If we want to add new cards/credit limits increase/etc do we resend the agreement in with all of our cards or just new cards/updates?

I asked this question, and was told that I can just email new cards/changes to them in an email, no need to re-do the agreement paperwork.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 13, 2017, 02:49:03 PM
I'll ask the question here instead of emailing them: If we want to add new cards/credit limits increase/etc do we resend the agreement in with all of our cards or just new cards/updates?

I asked this question, and was told that I can just email new cards/changes to them in an email, no need to re-do the agreement paperwork.

I had thought it would be this way, but confirmation is great. I didn't want to bug them with another email question.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: cheapass on January 13, 2017, 02:52:49 PM
I've got 2 cards I signed up with them, one at $30K and one at $12K. I requested an increase on the $12K one but my CC denied it, citing low credit utilization as the reason (I rarely go over $500 on this one). Does anyone know what % utilization is likely to get you an increase? I don't want to go over 15% and screw up my adds that will be coming in February....
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 13, 2017, 08:39:49 PM
Just got my first piece of junk mail for an AU.

I added them in July, removed in Aug or Sept (don't remember if it was a one or two month one), got the first piece of junk mail now, in January.

The strange thing is it was addressed to them, but per the discussion above, I didn't think I got mail addressed to other people with my mail service.  When I saw it addressed to a random name, I thought maybe it was a card, but nope, junk mail.

Just gonna shred all stuff addressed to AUs, cards or otherwise, was just curious about this one, if it was a card... turned out no.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 13, 2017, 08:50:00 PM
Got my second add on my Citi card, should be an easy $400 for my first month! I had a scare with my first add, ended up talking to their fraud department. I sent the guy at the company an email because I was worried about doing the second add. Less than an hour later I got a phone call from him! He talked me through what happened (agent mistyped the SSN) and gave me some good coaching and pointers, we chatted for about 10 minutes. Really put my mind at ease. Looking forward to more adds next month, hopefully some of my other 7 cards get some action too! (yeah, I might have a churning problem...)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 13, 2017, 11:29:50 PM
Got my second add on my Citi card, should be an easy $400 for my first month!

Sweet!

So I'm talking with a friend today as we're out on a walk, and he mentions all these online "WORK FROM HOME FOR ONLY 15 MINUTES PER DAY AND EARN $5000 PER MONTH" ads you see that are total and utter bull *.

And we talked about how it you can make money working from home online, but it actually takes hard work  (e.g. coding, or blogging, or tutoring, or whatever).

But I also thought of this thread, and how somehow I can legitimately say that I'm earning thousands of dollars a month working at home, for a few minutes per day of "work".

7 months in, and I'm still boggling at it every time I get an AU add, or a payment from a previous one.

It's literally like what those scams purport to offer, but real.

What the *.  Crazy.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 13, 2017, 11:43:53 PM
At this point, I believe they should be caught up and responded to all emails, so if you emailed them more than 48 hours ago, and haven't got a response, please send a follow up, as it likely fell through the cracks in the flood of emails.

Reply times should be quite quick (especially on week days) from here on out; like ducky said above, the owner is quite responsive and helpful.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Car Jack on January 14, 2017, 02:39:15 PM
Message from Joe, Thursday.  Sent msg to tradeline co same day.  Response from tradeline late thurs night with all the documents.  Sent in Friday.  Message back Friday confirming all docs and that AU would be around the 1st of Feb.

This is very fast.

I also went through my old, unused cards and found a sears mastercard that's 6 years old with a $7200 credit limit.  Called them to straighten out getting on their website to set up auto pay and while on the phone, asked for and got a $10k limit.  Not on my credit report (credit karma) as I haven't ever used it.  Actually still had the "activate" sticker on it.  Used it a few times to watch it show up on my credit report.  Sears has used several banks for their credit cards and master cards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 14, 2017, 03:32:08 PM
But I also thought of this thread, and how somehow I can legitimately say that I'm earning thousands of dollars a month working at home, for a few minutes per day of "work".

I timed the last add - less than five minutes. The guy from the company told me I can remove 2 AU using the Secure Message center on Citi's website, meaning removing them should take around a minute. That equates to an hourly rate of $2,000/hr. Seriously. This is crazy.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: overlord34 on January 14, 2017, 11:10:02 PM
I closed a few old credit cards about a year or two ago, after previously using them for a few years.  If I was able to get customer service to re-open those same accounts for me (rather than opening a new line of credit), do you think those accounts would be eligible?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 14, 2017, 11:29:52 PM
I closed a few old credit cards about a year or two ago, after previously using them for a few years.  If I was able to get customer service to re-open those same accounts for me (rather than opening a new line of credit), do you think those accounts would be eligible?

Very unlikely they'll reopen ones that have been closed that long (usually they'll only do it if closed within the last 30, maybe 90, days), but if you can get them to, sure!  Reopened cards use the original opening date.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 15, 2017, 06:43:51 AM
I closed a few old credit cards about a year or two ago, after previously using them for a few years.  If I was able to get customer service to re-open those same accounts for me (rather than opening a new line of credit), do you think those accounts would be eligible?

Very unlikely they'll reopen ones that have been closed that long (usually they'll only do it if closed within the last 30, maybe 90, days), but if you can get them to, sure!  Reopened cards use the original opening date.

My wife tried to re-open a Chase card after ~40 days and was told it's not possible.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 15, 2017, 06:08:59 PM
I closed a few old credit cards about a year or two ago, after previously using them for a few years.  If I was able to get customer service to re-open those same accounts for me (rather than opening a new line of credit), do you think those accounts would be eligible?

Very unlikely they'll reopen ones that have been closed that long (usually they'll only do it if closed within the last 30, maybe 90, days), but if you can get them to, sure!  Reopened cards use the original opening date.

My wife tried to re-open a Chase card after ~40 days and was told it's not possible.

I've been able to do it before after < 90 days but sometimes it's too late
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dragoncar on January 16, 2017, 12:06:19 AM
At this point, I believe they should be caught up and responded to all emails, so if you emailed them more than 48 hours ago, and haven't got a response, please send a follow up, as it likely fell through the cracks in the flood of emails.

Reply times should be quite quick (especially on week days) from here on out; like ducky said above, the owner is quite responsive and helpful.  :)

 I will, been waiting a week for the pperwork
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 17, 2017, 07:30:49 PM
Since this company does the dates a bit different (payment date vs close date), does that affect when you see most of your activity?  I used to get most of my add's near the close date with TL company 1.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 17, 2017, 07:44:52 PM
I was wondering that at first too, but it doesn't seem like it--I always seem to get an add a few days before my closing date (or last minute ones the day before), even though they want the payment date.

/shrug
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 17, 2017, 08:21:25 PM
I was wondering that at first too, but it doesn't seem like it--I always seem to get an add a few days before my closing date (or last minute ones the day before), even though they want the payment date.

/shrug

Good to know. I guess I still have 1 possible card this cycle.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: RootofGood on January 19, 2017, 03:17:34 PM
No, it just needs to close with a balance that the CC company won't wipe out (often they wipe balances of 0.99 or less, depending on the company).

Wait, do they actually forgive the balance owed when <$.99? Or they don't report to CRA but you still have to pay? 

I'm feeling some Office Space coming on. Get 100 credit cards.  Charge .99 each month. Profit.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 19, 2017, 03:19:44 PM
No, it just needs to close with a balance that the CC company won't wipe out (often they wipe balances of 0.99 or less, depending on the company).

Wait, do they actually forgive the balance owed when <$.99? Or they don't report to CRA but you still have to pay? 

I'm feeling some Office Space coming on. Get 100 credit cards.  Charge .99 each month. Profit.

Depends on the issuer. Some of them forgive a $1.99 or $2.99 balance!  I once put a $1 Amazon gift card on my Pentagon Federal AmEx to keep ti active....they credit it back! and still sent me a new card. :D
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on January 19, 2017, 08:07:00 PM
No, it just needs to close with a balance that the CC company won't wipe out (often they wipe balances of 0.99 or less, depending on the company).

Wait, do they actually forgive the balance owed when <$.99? Or they don't report to CRA but you still have to pay? 

I'm feeling some Office Space coming on. Get 100 credit cards.  Charge .99 each month. Profit.

Discover won't charge you below $2.
Many others (Capital one for example) won't charge you below $1
i
It usually shows up as a "Small balance credit" on your statement and wipes out the balance due.

I used to buy a free avocado or two a month :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kpd905 on January 19, 2017, 08:12:26 PM
There is a list of amounts you can have forgiven on Doctor of Credit:  http://www.doctorofcredit.com/small-balance-waiver-a-k-a-lots-of-free-99-cent-amazon-gcs/

I really like the free avocados idea, although it might be easier to load up Amazon gift cards every month.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Gimesalot on January 20, 2017, 07:11:17 PM
Updating in case anyone is looking for more information...

I just received the two authorized user cards from Capital One.  Both cane in one envelope addressed to one of the buyers. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on January 20, 2017, 08:41:18 PM
I really like the free avocados idea, although it might be easier to load up Amazon gift cards every month.

But you can't exchange Amazon gift cards for avocados can you?
Priorities people...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 20, 2017, 08:51:21 PM
But you can't exchange Amazon gift cards for avocados can you?

Why not? (https://smile.amazon.com/Avocados-6-Lbs-California-Hass/dp/B00CNNIB9O)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on January 20, 2017, 08:56:23 PM
But you can't exchange Amazon gift cards for avocados can you?

Why not? (https://smile.amazon.com/Avocados-6-Lbs-California-Hass/dp/B00CNNIB9O)

I suppose I meant you can't cheaply! But suppose it's not outrageous if you bank up a lot of Amazon gift cards and have a hankering for avocados.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 21, 2017, 07:38:08 AM
But you can't exchange Amazon gift cards for avocados can you?

Why not? (https://smile.amazon.com/Avocados-6-Lbs-California-Hass/dp/B00CNNIB9O)

If I'm going to the trouble of having avocados shipped to me, it's going to be the nice big green smooth old-school Florida avocados, not those Haas things.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on January 21, 2017, 09:14:48 PM
I have 5 cards in the pipeline and all 5 payment dates came and passed with no AUs in january. Maybe I'll snag a couple of sales in February.

#FingersCrossed
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: VladTheImpaler on January 23, 2017, 07:16:44 PM
CreditKarma and Mint just give an estimate, but some of my CCs claim to give an actual FICO (Barclays).

From an email I got earlier today:
Quote
There's been a change in your FICO® Score, "the score lenders use". To view your updated credit score at no cost, please visit www.BarclaycardUS.com/servicing/score, log in to your credit card account, and select "Tools". This Alert and complimentary online credit score access are available to you as a Barclaycard Arrival™ World MasterCard® Cardmember

I don't think they could use FICO (and the registered trademark) unless it actually IS the FICO score.  I could be wrong, but I think many are estimates, like you guys are saying, but some actually are FICO scores.

Sure, but even within FICO there are 4 different generations of scoring methodology current active, and each of the credit bureaus has a slightly different data set - potentially giving you 12 different "FICO" numbers.

When we got our last mortgage, the one the banker hard pulled was an 816 - highest she had ever seen, apparently. That was awhile ago, I have a considerably longer history now.

As a followup, I activated the Fico check on my BoA card, it claims to be an actual FICO 8 calculation with the registered trademark any everything, using TransUnion for the report. Tied with Discover at 844/850
I just got my credit score and was wondering why the credit reporting agencies use different score ranges?

EQUIFAX:
334 - 818

EXPERIAN:
320 - 844

TRANSUNION:
309 - 839

Wouldn't it be easier and more clear if they all used a set scoring range?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 23, 2017, 11:34:19 PM
Wouldn't it be easier and more clear if they all used a set scoring range?

They're not trying to make things easy, they're trying to make a profit.

They WANT their scores to be slightly different.  If they were all the same, one would only need one credit agency.  Where is the benefit there for them?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 24, 2017, 03:16:49 AM
Wouldn't it be easier and more clear if they all used a set scoring range?

They're not trying to make things easy, they're trying to make a profit.

They WANT their scores to be slightly different.  If they were all the same, one would only need one credit agency.  Where is the benefit there for them?

...and consumers only get to see a small fraction of the MANY variants available to lenders. Something close to 50 variants of FICO scoring have been confirmed.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 24, 2017, 03:26:37 AM
Okay, I called in this morning to remove 2 AUs, one call per AU.

The exact same rep answered for the second call! Same name, same pleasant recognizable voice.

I just disconnected.

Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: VladTheImpaler on January 24, 2017, 04:43:59 AM
Wouldn't it be easier and more clear if they all used a set scoring range?

They're not trying to make things easy, they're trying to make a profit.

They WANT their scores to be slightly different.  If they were all the same, one would only need one credit agency.  Where is the benefit there for them?

Good point, well said.🤔
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 24, 2017, 06:25:13 AM
Okay, I called in this morning to remove 2 AUs, one call per AU.

The exact same rep answered for the second call! Same name, same pleasant recognizable voice.

I just disconnected.

Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.

You can remove 2 au in one call if it's the same card.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HAPPYINAZ on January 24, 2017, 07:50:58 AM
Okay, I called in this morning to remove 2 AUs, one call per AU.

The exact same rep answered for the second call! Same name, same pleasant recognizable voice.

I just disconnected.

Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.


What card company?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 24, 2017, 11:10:45 AM
Okay, I called in this morning to remove 2 AUs, one call per AU.

The exact same rep answered for the second call! Same name, same pleasant recognizable voice.

I just disconnected.

Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.


What card company?

I believe any of them. I spoke to "the guy" from the tradeline company, and he said you can even remove using the secure message center on some cards - we were talking about Citi specifically - without even having to call! I would say if you are unsure, send "the guy" an email and he'll be happy to help you out. They want to make this as easy as possible for us, believe me!

One pointer he gave me was to try and call during the busier times of day. For one, you'll be less likely to get the same representative (statistically speaking), and two they will be in a hurry to help you and move on to the next customer. They really don't like for their call queues to get over a couple of minutes.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 24, 2017, 01:47:43 PM
I think the concern is if you remove AUs from multiple different cards in one call (e.g. say you have two Barclays cards or whatever) it could raise a red flag or something.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: robartsd on January 24, 2017, 03:01:13 PM
Since this company does the dates a bit different (payment date vs close date), does that affect when you see most of your activity?  I used to get most of my add's near the close date with TL company 1.
The statement date is pretty much always 21 days prior to the due date (minimum allowed by Federal Law) - having one date basically implies the other.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: d4future on January 24, 2017, 06:36:34 PM
Started with company and haven't received any orders yet. I guess its a waiting game.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HAPPYINAZ on January 25, 2017, 09:46:22 AM
Okay, I called in this morning to remove 2 AUs, one call per AU.

The exact same rep answered for the second call! Same name, same pleasant recognizable voice.

I just disconnected.

Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.


What card company?

I believe any of them. I spoke to "the guy" from the tradeline company, and he said you can even remove using the secure message center on some cards - we were talking about Citi specifically - without even having to call! I would say if you are unsure, send "the guy" an email and he'll be happy to help you out. They want to make this as easy as possible for us, believe me!

One pointer he gave me was to try and call during the busier times of day. For one, you'll be less likely to get the same representative (statistically speaking), and two they will be in a hurry to help you and move on to the next customer. They really don't like for their call queues to get over a couple of minutes.


My question was about which card company flagged his call.  I understand about how to remove AUs.  If you read what I originally quoted the guy says he called to remove two AUs and was flagged.  I was curious as to which card company he was dealing with. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: beechnut on January 25, 2017, 09:51:33 AM
I had an issue come up with my mailman, he was delivering mail when my wife was at the door, some of the mail was a number of AU cards, and the mailman reported "unless you can verify these people live here I can't deliver this mail". My wife said she couldn't, presumably then were then returned to sender. Anyone else have this problem or thoughts about how to mitigate it?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: solon on January 25, 2017, 10:01:36 AM
One of the cards I registered with New Company turned another year older this week. So I wrote to New Company and told them my card was a year older. The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.

I thought they were selling slots based on age and credit limit of the card? Even though I wouldn't get any more payout for this card, shouldn't they still want to know it's a year older so they can represent it properly to their customer?

Should I continue to report age and credit limit increases on my cards?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 25, 2017, 10:08:26 AM
Okay, I called in this morning to remove 2 AUs, one call per AU.

The exact same rep answered for the second call! Same name, same pleasant recognizable voice.

I just disconnected.

Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.


What card company?

I believe any of them. I spoke to "the guy" from the tradeline company, and he said you can even remove using the secure message center on some cards - we were talking about Citi specifically - without even having to call! I would say if you are unsure, send "the guy" an email and he'll be happy to help you out. They want to make this as easy as possible for us, believe me!

One pointer he gave me was to try and call during the busier times of day. For one, you'll be less likely to get the same representative (statistically speaking), and two they will be in a hurry to help you and move on to the next customer. They really don't like for their call queues to get over a couple of minutes.


My question was about which card company flagged his call.  I understand about how to remove AUs.  If you read what I originally quoted the guy says he called to remove two AUs and was flagged.  I was curious as to which card company he was dealing with.

Yeah, my bad Happy... not sure how I misread that!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 25, 2017, 10:23:36 AM
this is by far the craziest/eassiest way i have ever made consistent money.  i'm amazed at the ease of this entire system. 

Profit this year 1575 so far with just 2 cards.  in 2 months.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 25, 2017, 11:16:17 AM
I had an issue come up with my mailman, he was delivering mail when my wife was at the door, some of the mail was a number of AU cards, and the mailman reported "unless you can verify these people live here I can't deliver this mail". My wife said she couldn't, presumably then were then returned to sender. Anyone else have this problem or thoughts about how to mitigate it?

You might call the local USPS office.  I don't think this is normal practice.  You could always have a story ready like traveling relatives are sending some mailing to you temporarily.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 25, 2017, 01:37:17 PM
One of the cards I registered with New Company turned another year older this week. So I wrote to New Company and told them my card was a year older. The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.

I thought they were selling slots based on age and credit limit of the card? Even though I wouldn't get any more payout for this card, shouldn't they still want to know it's a year older so they can represent it properly to their customer?

Should I continue to report age and credit limit increases on my cards?

They know the age.  They have the month/year it opened.    Definitely update them with credit limit increases.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NinetyFour on January 25, 2017, 02:03:31 PM
One of the cards I registered with New Company turned another year older this week. So I wrote to New Company and told them my card was a year older. The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.

I thought they were selling slots based on age and credit limit of the card? Even though I wouldn't get any more payout for this card, shouldn't they still want to know it's a year older so they can represent it properly to their customer?

Should I continue to report age and credit limit increases on my cards?

They know the age.  They have the month/year it opened.    Definitely update them with credit limit increases.  :)

The guy at the New Company told me that I should e-mail him when my card turns a year older, because his system will not automatically update that info.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 25, 2017, 02:07:11 PM
Ah, good to know.  That's silly.

I'd have assumed they'd have the age somewhere and have excel (which they use for tracking everything) increment it by 1 when it passes the annual threshold.

Hope they get the portal up soon.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on January 25, 2017, 03:39:27 PM
My statement date is at the end of this week and I had not heard, so I figured it's not going to happen this month, but then I got 3 adds at one time.

Do you guys actually activate the cards that get send to you?
My card has an option to not mail out a card and I was wondering if that would make a difference.
Rep at Company says it's more credible to have the card mailed out and activated, but it's not absolutely necessary.

What do you all do?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 25, 2017, 03:47:11 PM
My statement date is at the end of this week and I had not heard, so I figured it's not going to happen this month, but then I got 3 adds at one time.

Yay!  I'm sure you have some good uses for that.  :)

It'll always be right around the end of your statement date.  Make sure you check email then and have internet/phone access to be able to add the AUs (just mentioning since I know you're off grid sometimes).  :)

Quote
Do you guys actually activate the cards that get send to you?
My card has an option to not mail out a card and I was wondering if that would make a difference.
Rep at Company says it's more credible to have the card mailed out and activated, but it's not absolutely necessary.

What do you all do?

1) No, I never activate it.
2) I always mail it.

I'm not convinced either makes a huge difference, but that's just what I do; if others do it differently, I have no argument.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: d4future on January 25, 2017, 04:02:33 PM
Got my first hit on new company.

Let many more come.

:)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 25, 2017, 04:10:42 PM
Started with company and haven't received any orders yet. I guess its a waiting game.

Got my first hit on new company.

Looks like you won the waiting game!  ;)

For people still hearing nothing: Orders are being placed.  Be patient, you will get some!   Work on requesting credit line raises to improve your chances of people wanting to buy tradelines on them.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on January 25, 2017, 04:43:22 PM
Yay!  I'm sure you have some good uses for that.  :)


Yes, thanks again ARS!
I usually never count my money while sitting at the table, there'll be time enough for counting, when the dealin's done....
But this money INDEED, is already earmarked for donations, so I really really really hope it will all work out as planned!
Fingers crossed!
I did pause a bit when putting in authorized users....when the system said, that I'll be responsible for any charges they make...gulp!

Regarding being off grid, I did let Guy at Company know when signing up for this, that I may need longer lead times and that last minute adds my not always work out. He was fine with that.

I just prefer to be upfront, we sometimes go days without email / phone coverage. But I'll make it a point to try and have access a few days before statement date, now that I know I am "at the table".
Thanks again for doing all the work and sharing your findings!





Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 25, 2017, 04:51:08 PM
I did pause a bit when putting in authorized users....when the system said, that I'll be responsible for any charges they make...gulp!

haha, same here, and I'm sure the same for most of us with our first (few) adds.  :)

But 10 years in business for this new company, 4 years for Old Company, and not a single time where an AU charged something to a tradeline.  So that makes me feel much, much better about it.

Quote
Regarding being off grid, I did let Guy at Company know when signing up for this, that I may need longer lead times and that last minute adds my not always work out. He was fine with that.

Smart.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: missundecided on January 25, 2017, 05:28:48 PM

For people still hearing nothing: Orders are being placed.  Be patient, you will get some!   Work on requesting credit line raises to improve your chances of people wanting to buy tradelines on them.

Is a credit line increase request a hard pull?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 25, 2017, 05:42:18 PM

For people still hearing nothing: Orders are being placed.  Be patient, you will get some!   Work on requesting credit line raises to improve your chances of people wanting to buy tradelines on them.

Is a credit line increase request a hard pull?

Depends on the credit card company. Some do them, some don't.

Also, inquiries barely affect your credit score.  I have 12+ in the last year, and my score is well north of 800.  Hard inquiries are not even something I worry about anymore, since starting churning/tradeline sales. (Except in the case I was in the process of getting a mortgage or something--I wouldn't add new ones at that point.  But I'd be fine having a lot already on there.  Just try to keep underwriting clean.)

Also very likely the higher limit, if granted, will more than offset the temporary ding from the inquiry.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: missundecided on January 25, 2017, 07:07:04 PM
I'm not that concerned about my score; I am trying not to rock the boat too much in my quest for the CSR! (I'm slightly over 5/24 so it's probably a moot point anyway.)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 25, 2017, 08:07:56 PM
Okay, I called in this morning to remove 2 AUs, one call per AU.

The exact same rep answered for the second call! Same name, same pleasant recognizable voice.

I just disconnected.

Edit: Well, apparently the rep flagged the call, subsequent calls were routed directly to the fraud department and I had to go through an extended verification.


What card company?

I believe any of them. I spoke to "the guy" from the tradeline company, and he said you can even remove using the secure message center on some cards - we were talking about Citi specifically - without even having to call! I would say if you are unsure, send "the guy" an email and he'll be happy to help you out. They want to make this as easy as possible for us, believe me!

One pointer he gave me was to try and call during the busier times of day. For one, you'll be less likely to get the same representative (statistically speaking), and two they will be in a hurry to help you and move on to the next customer. They really don't like for their call queues to get over a couple of minutes.


My question was about which card company flagged his call.  I understand about how to remove AUs.  If you read what I originally quoted the guy says he called to remove two AUs and was flagged.  I was curious as to which card company he was dealing with.

US Bank. I made several errors, and hopefully others will learn from them.

I didn't need to make 2 calls (prior sales had been staggered, this was my first time with 2 removes)

I called very early in the morning, because I wanted to wrap things up before a very busy rest of the week.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: flashflooder on January 26, 2017, 08:09:15 AM
Here's a question for those already active:

From reading the thread, it sounds like the lead time between AU request and statement closing date can be quite small (sometimes 1-2 days)...  How do you guy ensure the statement posts with a balance (to make sure it gets reported).

I'm asking because a lot of my eligible lines are sockdrawered cards that I don't regularly use, and even if I make a purchase the instant I get notified of the AU add, they often take a day or two to post.  How do you get around this?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 26, 2017, 08:19:27 AM
What I currently do is get the AU request, add them, and make a small purchase (coffee if I've got nothing else I need to buy, or top off the gas tank) all in the same day.  I then also make a note to myself to make an additional purchase after each card's closing date so that there will be a balance the second month as well.  But this has the risk you mention.

Another approach that I am considering is to put all of my piggybacking cards in my wallet and use them in a rotating manner for purchases.  Since I make at least a dozen purchases a month and have fewer active piggybacking tradelines, this would ensure that there is always a balance on all of my cards.

A third approach (and I think this is one that ARS uses) is to put a small recurring auto charge on each piggybacking card - like an Amazon gift certificate purchase.  Just make sure the auto charge is large enough so that the credit card company doesn't forgive the small balance.  If it is something like an Amazon gift certificate that will get used eventually, $5 a month per line seems reasonable.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: flashflooder on January 26, 2017, 08:24:37 AM
Thanks for your thoughts.

I guess I was trying to avoid having to "deal with" (make payments, look at statements, etc) all those inactive cards on a routine basis.  However, assuming the best case scenario (that these lines start getting used on a consistent basis - and making me $$$) I will be doing those things anyway.

If the train really gets rolling, I will probably set up some kind of automatic charge as per your 3rd suggestion.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 26, 2017, 08:26:21 AM
i cant figure out how to setup an amazon recurring charge ... you have to set it up to reload when your balance goes below a level not just add 5 bucks per month.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 26, 2017, 08:28:15 AM
Thanks for your thoughts.

I guess I was trying to avoid having to "deal with" (make payments, look at statements, etc) all those inactive cards on a routine basis.  However, assuming the best case scenario (that these lines start getting used on a consistent basis - and making me $$$) I will be doing those things anyway.

If the train really gets rolling, I will probably set up some kind of automatic charge as per your 3rd suggestion.

its not too difficult to login to amazon and add 5 bucks to your amazon gift card on each card once a month.  esp when you consider what the profits are.  i use them to pay utility bills as well
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: robartsd on January 26, 2017, 08:49:12 AM
Here's a question for those already active:

From reading the thread, it sounds like the lead time between AU request and statement closing date can be quite small (sometimes 1-2 days)...  How do you guy ensure the statement posts with a balance (to make sure it gets reported).

I'm asking because a lot of my eligible lines are sockdrawered cards that I don't regularly use, and even if I make a purchase the instant I get notified of the AU add, they often take a day or two to post.  How do you get around this?
In my experience using a credit card, some vendors are consistently fast at posting charges. Charges that are pre-authorized, but the final amount may change and charges at small businesses tend to be slower than charges at large businesses where the exact charge is know at time of authorization. I imagine that Amazon gift card purchases always post by the end of the next business day.

I can think of at least two good reasons for the tradeline companies to want to provide AU requests close to the statement date: 1) the tradeline will appear on the AU's credit report sooner, 2) the tradeline maximizes their available inventory of cards by filling AUs on the card with the closest statement date first. I think I saw a post by someone here indicating that they gave the company a date that was a few days prior to the actual date. I could see this causing problems on the other end (the tradeline not posting by the date expected) but I imagine that they have a buffer on that end too. 1-2 extra days could be very handy for someone who doesn't want to schedule this small chore on a tight time frame though.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 26, 2017, 09:16:50 AM
I took all of my monthly recurring charges (Netflix, Sling, utilities, Republic Wireless, etc.) and put one on each card. I still have two cards without recurring charges, so will need to make a small purchase on each of these, but for the others it's one less thing I have to think about.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shor on January 26, 2017, 09:39:34 AM
i cant figure out how to setup an amazon recurring charge ... you have to set it up to reload when your balance goes below a level not just add 5 bucks per month.
Does the recurring charge not work? I don't... understand your post. Why can't you just add 5 every month?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 26, 2017, 09:43:01 AM
i cant figure out how to setup an amazon recurring charge ... you have to set it up to reload when your balance goes below a level not just add 5 bucks per month.
Does the recurring charge not work? I don't... understand your post. Why can't you just add 5 every month?

i cant figure out how to do 5 bucks per month on amazon.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: letired on January 26, 2017, 10:01:19 AM
Another good option is a recurring monthly donation. I make a small monthly donation to a few charities, and I've just been spreading them out across my various cards. Then I set up auto pay and don't have to worry about anything.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: merula on January 26, 2017, 10:04:09 AM
Another option for automated payments would be to automate charitable giving. I have a monthly recurring $5 donation to the local public radio station, but most charities love to have recurring gifts because they allow for better planning and budgeting. If there's any charity that you plan on giving more than $60/year, consider this option.

EDIT: Sorry, letired, (and/or jinx). I'm going to have a nap and then fire ze missiles.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MsFrugalista on January 26, 2017, 10:42:23 AM

i cant figure out how to do 5 bucks per month on amazon.

If you go here (https://www.amazon.com/asv/autoreload), you can enter the amount you want and set it on a schedule or select 'Monthly' under Frequency. Then select the credit card you want charged. Not sure if you can set up multiple auto-loads on multiple credit cards. But that's the link that should help you with auto-load.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: letired on January 26, 2017, 11:38:41 AM
Another option for automated payments would be to automate charitable giving. I have a monthly recurring $5 donation to the local public radio station, but most charities love to have recurring gifts because they allow for better planning and budgeting. If there's any charity that you plan on giving more than $60/year, consider this option.

EDIT: Sorry, letired, (and/or jinx). I'm going to have a nap and then fire ze missiles.

ahahhaha GREAT MINDS ETC ETC

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ketchup on January 26, 2017, 12:00:15 PM
Been considering looking into this for a while now.

I have three eligible cards (Barclays, Discover, and Citi), all 3-4 years old.  However, they have fairly low limits (highest is 3k) so they wouldn't work for this as-is.  My income (about triple) and credit (had no real history before, now I have a mortgage and a FICO of ~710) have improved with time, so should I pretty much be a shoe-in for credit line increases?  Any particular order or strategy to trying this?  Should I do only one at a time?  (Am I overthinking this?)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Pizzabrewer on January 26, 2017, 12:11:12 PM
Been considering looking into this for a while now.

I have three eligible cards (Barclays, Discover, and Citi), all 3-4 years old.  However, they have fairly low limits (highest is 3k) so they wouldn't work for this as-is.  My income (about triple) and credit (had no real history before, now I have a mortgage and a FICO of ~710) have improved with time, so should I pretty much be a shoe-in for credit line increases?  Any particular order or strategy to trying this?  Should I do only one at a time?  (Am I overthinking this?)

In my (very limited) experience, they won't bump you up that much at once.  I had a $5000 credit limit with a PNC credit card, requested $12,000, they gave me $7500 citing my lack of experience with such high limits.

Then I just applied for a Discover card and they gave me $12,500.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Pizzabrewer on January 26, 2017, 12:14:01 PM
...but it certainly doesn't hurt to ask.  I'm pretty sure though that, once you make the request, it is 6 months before they'll consider a second request.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ketchup on January 26, 2017, 12:16:41 PM
Been considering looking into this for a while now.

I have three eligible cards (Barclays, Discover, and Citi), all 3-4 years old.  However, they have fairly low limits (highest is 3k) so they wouldn't work for this as-is.  My income (about triple) and credit (had no real history before, now I have a mortgage and a FICO of ~710) have improved with time, so should I pretty much be a shoe-in for credit line increases?  Any particular order or strategy to trying this?  Should I do only one at a time?  (Am I overthinking this?)

In my (very limited) experience, they won't bump you up that much at once.  I had a $5000 credit limit with a PNC credit card, requested $12,000, they gave me $7500 citing my lack of experience with such high limits.

Then I just applied for a Discover card and they gave me $12,500.
Hmm, annoying.  My GF just had something similar happen actually which was part of why I was concerned; Chase finally raised her many-years-old $600 limit card all the way to... $1200.  Then she applied for some Amex and got instantly approved with a 10k limit.  Dumb.

...but it certainly doesn't hurt to ask.  I'm pretty sure though that, once you make the request, it is 6 months before they'll consider a second request.
Alright.  I could put in requests soon and then do another round in 6mo if need be.  Hopefully the first round would at least get me one card into eligibility-land ($5k).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 26, 2017, 12:29:56 PM

i cant figure out how to do 5 bucks per month on amazon.

If you go here (https://www.amazon.com/asv/autoreload), you can enter the amount you want and set it on a schedule or select 'Monthly' under Frequency. Then select the credit card you want charged. Not sure if you can set up multiple auto-loads on multiple credit cards. But that's the link that should help you with auto-load.

thank you so much i couldnt figure that out ... all i could find was a different page.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 26, 2017, 12:32:34 PM
i've found cards you pay for with annual fees typically come with higher CL's
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on January 26, 2017, 12:35:31 PM
I like the recurring charitable donation thought, especially if it was a donation you would be making that way anyways
We've already lump summed our planned donations through a donor advised fund for tax reasons, but this is something I might think about. It would just be more forced giving :)

My only worry would be about the efficiency of small recurring credit card transactions and small donations vs one large non credit card donation towards the charity. Presumably this is a charity I like, so I don't want to nickel and dime them. But from what I understand, charities like signing you up for recurring giving.

The approach for us has so far to wait for a tradeline sale, and then when it goes through walk over to a grocery store and buy something small with that credit card. The grocery stores seem to post relatively quickly, as opposed to other establishments, and we usually try to be in walking distance of a grocery store. It has been tricky if we've been in the middle of travel/transit when a tradeline sold, then we have to hope to find reliable internet, make a purchase, hope it goes through in time. Etc. No missed sales yet because of that, but some close calls.

The safer thing would be to make regular purchases on the first of each month with every enrolled card. Amazon gift certificates or what have you. Our cards are sufficiently sock drawered, and our sales few enough between, that I've been willing to take the risk and extra effort (and I have time on my hands and I like taking walks to the grocery store ).

If we were making regular sales on a high enough percentage of enrolled cards, I'd consider changing my approach.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: supomglol on January 26, 2017, 02:33:47 PM
Posting to follow.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 26, 2017, 03:22:56 PM
I don't do automated payments to Amazon, because we don't sell lines on every card every month (with a dozen enrolled between the wife and I).

Similarly, some cards may have all lines sold for two months, and I only do the payment the first month (when the adds are done).

When I get a TL order, I go add the AU, then go to this bookmark I have (one click):
https://smile.amazon.com/asv/reload/order?manualReload.amount=2.50 (https://smile.amazon.com/asv/reload/order?manualReload.amount=2.50)

Login autofills, then I hit "login" (two clicks), select the CC I sold the TL on (three clicks), select reload (four clicks).  Four clicks, and about 20 seconds (just waiting for two pages to load--the login page, then reload page), all done from the comfort of home.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: rachael talcott on January 26, 2017, 04:18:05 PM
Does anyone have experience with a card aging into the next category?  I can't find the exact post, but someone said that they were not upgraded as a card aged, even after asking for it, and I have a card that is a few months from being upgraded to the next category.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 26, 2017, 04:26:51 PM
Does anyone have experience with a card aging into the next category?  I can't find the exact post, but someone said that they were not upgraded as a card aged, even after asking for it, and I have a card that is a few months from being upgraded to the next category.

The person just said their card aged, but not to the next level. Post was here (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1399888/#msg1399888):
The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.

You will be moved to the next payment level when it ages, if you email customer support when it happens.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: rachael talcott on January 26, 2017, 04:28:13 PM
Does anyone have experience with a card aging into the next category?  I can't find the exact post, but someone said that they were not upgraded as a card aged, even after asking for it, and I have a card that is a few months from being upgraded to the next category.

The person just said their card aged, but not to the next level.

You will be moved to the next payment level when it ages, if you email customer support when it happens.

Oh, great.  Thank you!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: rachael talcott on January 26, 2017, 05:13:51 PM
One more question:  I have a store card (Home Depot) issued by Citibank, N.A.  Does that count as a Citi card? 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 26, 2017, 05:19:00 PM
One more question:  I have a store card (Home Depot) issued by Citibank, N.A.  Does that count as a Citi card?

You'll want to ask the tradeline company, because it's specific.  Sometimes yes, sometimes no.  It all depends on how it reports to the credit reporting agencies.

Like the Costco branded ones don't work, because they require the AU to be a Costco member with a Costco membership number.  I'd lean towards more likely that the HD one works, but it can't hurt to ask.

Let us know what they say!  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: rachael talcott on January 26, 2017, 05:26:51 PM
One more question:  I have a store card (Home Depot) issued by Citibank, N.A.  Does that count as a Citi card?

You'll want to ask the tradeline company, because it's specific.  Sometimes yes, sometimes no.  It all depends on how it reports to the credit reporting agencies.

Like the Costco branded ones don't work, because they require the AU to be a Costco member with a Costco membership number.  I'd lean towards more likely that the HD one works, but it can't hurt to ask.

Let us know what they say!  :)

Email sent.  Will do. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 26, 2017, 07:35:10 PM
Does anyone have experience with a card aging into the next category?  I can't find the exact post, but someone said that they were not upgraded as a card aged, even after asking for it, and I have a card that is a few months from being upgraded to the next category.

The person just said their card aged, but not to the next level. Post was here (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1399888/#msg1399888):
The reply I got was, thanks, but since it hasn't reached the next threshold for payouts, it doesn't matter.

You will be moved to the next payment level when it ages, if you email customer support when it happens.  :)

ARS's conditional here is important.  You must notify the new company when any cards you have enrolled either have aged into a new commission level or have a CL increase to a new commission level.  The company does not track this themselves.  See old post here (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1364687/#msg1364687).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 26, 2017, 07:47:58 PM
...but it certainly doesn't hurt to ask.  I'm pretty sure though that, once you make the request, it is 6 months before they'll consider a second request.

Varies. Discover seems to be 2 months.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 26, 2017, 07:49:11 PM
I have a calendar alert to remind me to do it every 3 mo. for all my cards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: rachael talcott on January 27, 2017, 09:11:07 AM
One more question:  I have a store card (Home Depot) issued by Citibank, N.A.  Does that count as a Citi card?

You'll want to ask the tradeline company, because it's specific.  Sometimes yes, sometimes no.  It all depends on how it reports to the credit reporting agencies.

Like the Costco branded ones don't work, because they require the AU to be a Costco member with a Costco membership number.  I'd lean towards more likely that the HD one works, but it can't hurt to ask.

Let us know what they say!  :)

No on the Home Depot card issued by Citibank. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoodedfalcon on January 27, 2017, 09:51:08 AM
How many days before the closing date do folks normally get an email regarding AU adds? My closing date on the one card is coming up on the 1st. It's a 12+ year old card with a 20K+ limit, so I would think it would be highly sought after? I know there are still a few days left of the month, but it's getting close. I am eager to get started!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 27, 2017, 11:33:22 AM
How many days before the closing date do folks normally get an email regarding AU adds? My closing date on the one card is coming up on the 1st. It's a 12+ year old card with a 20K+ limit, so I would think it would be highly sought after? I know there are still a few days left of the month, but it's getting close. I am eager to get started!

on the site i use i got my adds for my card that closes on the 4th 3 days ago.  but i havent seen any for my cards on the 6th.  not that helpful i know but data points.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 27, 2017, 01:41:27 PM
How many days before the closing date do folks normally get an email regarding AU adds? My closing date on the one card is coming up on the 1st. It's a 12+ year old card with a 20K+ limit, so I would think it would be highly sought after? I know there are still a few days left of the month, but it's getting close. I am eager to get started!

Typically 3-4 days ahead of time, with occasional "last minute" adds just a day or two ahead (usually last minute adds will be onto a card that had previous orders, in my experience, though not always).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 27, 2017, 02:30:47 PM
Another data point - I just got an add for a Capital One card with payment due date of Feb 1.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoodedfalcon on January 27, 2017, 02:34:12 PM
Thanks for the input boarder42, arebelspy and ducky19. I am eager to get going and this will be my first time! Fingers crossed for some adds...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: johnsmithindustries on January 27, 2017, 05:12:10 PM
For those of you that have to call to add an AU, and then call to remove an AU... what do you actually SAY to the rep on the phone?

i.e. what do you say when asked:

How do you know the person?
Details of the person you don't actually know (single, etc.)?
Why do you want to add them as an AU?
Why do you want to remove them as an AU?
Why do you have so many AUs on one card?
Why do you so frequently add/remove AUs?

etc.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 27, 2017, 05:19:58 PM
For those of you that have to call to add an AU, and then call to remove an AU... what do you actually SAY to the rep on the phone?

i.e. what do you say when asked:

How do you know the person?
Details of the person you don't actually know (single, etc.)?
Why do you want to add them as an AU?
Why do you want to remove them as an AU?
Why do you have so many AUs on one card?
Why do you so frequently add/remove AUs?

etc.

I call and say "I'd like to remove all of the authorized users."  And they say "okay." Then I wait, and they say "done" and I tell them thanks.

I do practice saying their names out loud before I call, in case I have to say it, I don't care if the pronunciation is wrong, as long as it's smooth.  Sometimes it'll be a "remove ABC, leave XYZ" if I have an AU that needs to stay on.

I have never been asked any of those things you mention.

I have heard you might with USAA (but when you add them), since they're a more exclusive club or whatever to get a card.

Most of mine are online, anyways (Barclay, Discover, Capital One, Bank of America are all add online, and only B of A is remove over the phone, the rest are remove online, IIRC, so it's mostly just B of A I'm calling, so I'm sure others will chime in with their experiences).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on January 27, 2017, 09:16:04 PM
I could add the AUs online with Barclays, but there was no spot for the SSN.
So I had to call in to add the SSN.

I just told them I wanted to add a SSN for security reasons.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 27, 2017, 09:17:17 PM
For those of you that have to call to add an AU, and then call to remove an AU... what do you actually SAY to the rep on the phone?

i.e. what do you say when asked:

How do you know the person? They're a friend of mine.
Details of the person you don't actually know (single, etc.)?  Old company provided answers to all the questions they've ever asked about this.  Assume new company will also.  If a detail is not provided, I usually say I don't know because they're a new friend.
Why do you want to add them as an AU?  We're working on a project together.
Why do you want to remove them as an AU?  The project we were working on is done.
Why do you have so many AUs on one card?  I want to.  Is there anything wrong with this?
Why do you so frequently add/remove AUs?  I want to.  Is there anything wrong with this?

etc.

The above is how I would answer or have answered.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: N on January 27, 2017, 11:50:29 PM
We are supposed to get tax statements from these companies, yes?
Has anyone gotten theirs from the company that ARS recommended first? Like from last year?

Thanks
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 27, 2017, 11:58:49 PM
We are supposed to get tax statements from these companies, yes?

Yes.

Quote
Has anyone gotten theirs from the company that ARS recommended first? Like from last year?

Should be available in a few days, electronically (where you view your paystubs) and in the mail.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on January 28, 2017, 12:31:39 PM
January is my first month selling tradelines, and I'm happy to report three sales for a cool $500! I still have a couple of days left in the month, but I'm not holding my breath for any more for January. Here's hoping February is at least as profitable!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 28, 2017, 12:53:25 PM
January is my first month selling tradelines, and I'm happy to report three sales for a cool $500! I still have a couple of days left in the month, but I'm not holding my breath for any more for January. Here's hoping February is at least as profitable!
Nice!

Hard to picture what other side gigs you could make $500 at your first month starting out while working from home.

That's not even counting the hours put in... even if you allow 10 hours/week for the other theoretical one or whatever and only 1 hour total for this one, I think it'd be hard to match just that the total dollar amount--once you factor in the time element, it's ridiculous.

:)

Thanks for sharing!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 28, 2017, 02:26:25 PM
January is my first month selling tradelines, and I'm happy to report three sales for a cool $500! I still have a couple of days left in the month, but I'm not holding my breath for any more for January. Here's hoping February is at least as profitable!

Awesome!  Do you know when you completed your setup paperwork?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 28, 2017, 03:12:50 PM
January is my first month selling tradelines, and I'm happy to report three sales for a cool $500! I still have a couple of days left in the month, but I'm not holding my breath for any more for January. Here's hoping February is at least as profitable!

Awesome!  Do you know when you completed your setup paperwork?

I'm not sure that matters? I got the impression from the tradeline guy that if you don't have cards >$20k and older than 2 years, you probably won't see much sales. I had one sale, i think I sent my stuff in on January 3rd.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 28, 2017, 03:20:00 PM
I'm not sure that matters? I got the impression from the tradeline guy that if you don't have cards >$20k and older than 2 years, you probably won't see much sales. I had one sale, i think I sent my stuff in on January 3rd.

Approximately half of the referral sales I've seen in Jan from New Company have been < 20k cards, and half over.

Many more < 20k cards are enrolled though, I believe, so percentage-wise, if you have a 20k+ card, it's much more likely to sell.

The date you put the paperwork in shouldn't matter, at this point, so much as your closing statement date.  Either way, there's not much you can do (other than call the CC companies to bump your limits up) except wait.  :)

Sales will come.  Lots of people are seeing them already, and February should have even more, now that people are enrolled the full month and they've been working on putting out all the new cards to their affiliate network to boost the AUs coming in.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 28, 2017, 07:19:43 PM
Thanks guys.  I was just curious since the tradeline co guy ended his last email with a caveat about their being flooded with hundreds of MMM members.  Time will tell!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: monarda on January 28, 2017, 09:11:55 PM
I just got my first two orders, about 3 weeks after signing up a single 15K US Bank card.
Very easy process!

So now there won't be any more for two months (or whenever I remove these), since this card has a limit of 4 AUs.
The two of us (using the cards) and the two new ones.
Is that 4AU limit pretty common for other cards?


Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 28, 2017, 09:15:49 PM
I just got my first two orders, about 3 weeks after signing up a single 15K US Bank card.
Very easy process!

So now there won't be any more for two months (or whenever I remove these), since this card has a limit of 4 AUs.
The two of us (using the cards) and the two new ones.
Is that 4AU limit pretty common for other cards?

The primary on the account isn't an "authorized user" and doesn't count as such.

As for the SO, why not switch them to a different card?  Heck, sign up for a new card, which wouldn't be eligible for TL sales being too new, for your every day spend, so you can have an extra TL sale?  $150-175 every other month = $900-$1,050 per year more, I'd think moving what card you use as your daily driver would be worth that.  Maybe not to you, perhaps?  I just personally wouldn't have my SO as an AU when I could sell that slot and have her use a different card.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: VladTheImpaler on January 28, 2017, 09:47:15 PM
Ugh, everyone else is getting orders.
I'm hoping to get a 'seat at the table' too.
I have 2 citi cards with the new company, payments due Feb 6 and Feb 16th.
Maybe I get "The Guy" some vodka?!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 28, 2017, 09:50:28 PM
Ugh, everyone else is getting orders.
I'm hoping to get a 'seat at the table' too.
I have 2 citi cards with the new company, payments due Feb 6 and Feb 16th.
Maybe I get "The Guy" some vodka?!

Relax.  :)

You're too far out to even be getting orders right now. I don't know what you're expecting, them to ignore the cards closing in the next 3 days for your cards closing further out?  :)

Read this again:
The date you put the paperwork in shouldn't matter, at this point, so much as your closing statement date.  Either way, there's not much you can do (other than call the CC companies to bump your limits up) except wait.  :)

Sales will come.  Lots of people are seeing them already, and February should have even more, now that people are enrolled the full month and they've been working on putting out all the new cards to their affiliate network to boost the AUs coming in.

Put it out of your mind.  When you get the email to add AUs, it'll be a pleasant surprise then.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: monarda on January 29, 2017, 08:09:47 AM
I just got my first two orders, about 3 weeks after signing up a single 15K US Bank card.
Very easy process!

So now there won't be any more for two months (or whenever I remove these), since this card has a limit of 4 AUs.
The two of us (using the cards) and the two new ones.
Is that 4AU limit pretty common for other cards?

The primary on the account isn't an "authorized user" and doesn't count as such.

As for the SO, why not switch them to a different card?  Heck, sign up for a new card, which wouldn't be eligible for TL sales being too new, for your every day spend, so you can have an extra TL sale?  $150-175 every other month = $900-$1,050 per year more, I'd think moving what card you use as your daily driver would be worth that.  Maybe not to you, perhaps?  I just personally wouldn't have my SO as an AU when I could sell that slot and have her use a different card.  :)

Ok, now I'm thinking that maybe we have more than 4 AUs because this is a joint account. That would mean SO isn't an AU? Huh. I won't worry about it and just ask customer service when the time comes next month.

I looked all around the account information and couldn't find an indication. For your other cards, when you get your monthly statements after having added AUs, do you see their names somewhere- either on the statement or on the online acct? I just added mine on Weds. There's no sign of them yet online.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: VladTheImpaler on January 29, 2017, 10:06:23 AM
Ugh, everyone else is getting orders.
I'm hoping to get a 'seat at the table' too.
I have 2 citi cards with the new company, payments due Feb 6 and Feb 16th.
Maybe I get "The Guy" some vodka?!

Relax.  :)

Ok I relaxed now. took shot of said vodka. :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 29, 2017, 10:23:28 AM
I just got my first two orders, about 3 weeks after signing up a single 15K US Bank card.
Very easy process!

So now there won't be any more for two months (or whenever I remove these), since this card has a limit of 4 AUs.
The two of us (using the cards) and the two new ones.
Is that 4AU limit pretty common for other cards?

The primary on the account isn't an "authorized user" and doesn't count as such.

As for the SO, why not switch them to a different card?  Heck, sign up for a new card, which wouldn't be eligible for TL sales being too new, for your every day spend, so you can have an extra TL sale?  $150-175 every other month = $900-$1,050 per year more, I'd think moving what card you use as your daily driver would be worth that.  Maybe not to you, perhaps?  I just personally wouldn't have my SO as an AU when I could sell that slot and have her use a different card.  :)

Ok, now I'm thinking that maybe we have more than 4 AUs because this is a joint account. That would mean SO isn't an AU? Huh. I won't worry about it and just ask customer service when the time comes next month.

I looked all around the account information and couldn't find an indication. For your other cards, when you get your monthly statements after having added AUs, do you see their names somewhere- either on the statement or on the online acct? I just added mine on Weds. There's no sign of them yet online.

Even if it is a joint account, they would only use the number of slots that they indicate for that credit card company.  If it's 4, then it's 4, not 8.  If you want to double up because of your SO, then what you should probably be doing is getting cards in your name alone and cards in her name alone.  Then add 4 AU's to your card, and she can add 4 AU's to her card.

I can't remember which CC company it was - USAA I think - but my AU's show up on my monthly statement so I can see their (non-existent) activity.  And of course, you should get a card in the mail with their name on it in a few days.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 29, 2017, 10:39:19 AM
I'm not sure that matters? I got the impression from the tradeline guy that if you don't have cards >$20k and older than 2 years, you probably won't see much sales. I had one sale, i think I sent my stuff in on January 3rd.

Approximately half of the referral sales I've seen in Jan from New Company have been < 20k cards, and half over.

Many more < 20k cards are enrolled though, I believe, so percentage-wise, if you have a 20k+ card, it's much more likely to sell.

A few questions:

1.  Do you think cards with even higher limits (say $30K, $40K, $50K) would garner more sales?

I've got a lot of credit limit and distinct cards, and I'm trying to figure out if it would be a good idea to consolidate lines or shift credit limit in order to juice my returns with the new company.

As a simple example, I have two Barclays cards.  One is new as of November 2016 with a $10K limit; the other is just over two years old with a $27.5K limit.  The latter card is worth $200 per AU slot now, but if I shifted, say $5K of the limit it would go into the next higher commission bucket.

As a more complicated example, I have four USBank cards, with $25K, $15K, $25K, and $58K.  I'm trying to figure out what to do with them.

In general, I would guess that customers of the new company are willing to pay for the size and age of line that they need, but not more.  With the old company, I think I saw many more sales on my $30K+11year USAA line than on my $55K+19year Chase line.  Are there a lot of customers of the new company that need to rent $55K lines compared to the number of lines available from people like us?

2.  On a similar note, if one has a small line, say $5K or $10K, is it better to leave that as a standalone line and pick up a few $50 commissions, or to move it to a monster card?  There is an annual fee in there to consider.

3.  Is it better to be towards the upper end of the commission CL range or the lower?  In other words, as a general strategy, would you rather have a CL with a $20,001 limit, or a $29,998 limit?

---

Overall, it's fun playing the game; now I feel the need to try to optimize it.  Thanks!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 29, 2017, 11:12:04 AM
Quote
2.  On a similar note, if one has a small line, say $5K or $10K, is it better to leave that as a standalone line and pick up a few $50 commissions, or to move it to a monster card?  There is an annual fee in there to consider.

There is zero reason to ever pay an annual fee unless you are received benefits that are worth it. Nearly every issuer will let you product change to a card that does not have a fee. For example, Citibank has the "AAdvantage Citi Bronze" which is not publiciized, but it has no fee and gives you 1 point per 2 dollars spent. Product changes do not change your card open date.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 29, 2017, 12:39:59 PM
ARS, good tip on requesting CLI's every 3 months.  I was doing Discover every 6 months.  I tried after 3 months based on your comment and it was raised.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 29, 2017, 01:47:03 PM
ARS, good tip on requesting CLI's every 3 months.  I was doing Discover every 6 months.  I tried after 3 months based on your comment and it was raised.
As I said before, i have verified that you can do a CLI on Discover every 2 months.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 29, 2017, 02:11:58 PM
There is zero reason to ever pay an annual fee unless you are received benefits that are worth it. Nearly every issuer will let you product change to a card that does not have a fee. For example, Citibank has the "AAdvantage Citi Bronze" which is not publiciized, but it has no fee and gives you 1 point per 2 dollars spent. Product changes do not change your card open date.

The benefits are selling tradelines.  ;)

Barclays, for example, doesn't have an equivalent for their airline branded cards.  We shut down Lufthansa Miles and More cards a few months before learning about TL sales because they refused to waive the fee, and had no cards we could switch it to (despite multiple calls to verify that).  Would have cancelled other ones, too (AA card and Arrival+) if they didn't downgrade, but for finding about tradeline sales.

Now I'm happily paying $89/yr (written off as an expense against the income) to make hundreds from that card.

It is worth seeing if they have a card you can downgrade it to, without an annual fee.  But if not, it may be worth keeping open to do TL sales, even with paying a fee.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 29, 2017, 02:40:30 PM
A few questions:

1.  Do you think cards with even higher limits (say $30K, $40K, $50K) would garner more sales?

I've got a lot of credit limit and distinct cards, and I'm trying to figure out if it would be a good idea to consolidate lines or shift credit limit in order to juice my returns with the new company.

As a simple example, I have two Barclays cards.  One is new as of November 2016 with a $10K limit; the other is just over two years old with a $27.5K limit.  The latter card is worth $200 per AU slot now, but if I shifted, say $5K of the limit it would go into the next higher commission bucket.

As a more complicated example, I have four USBank cards, with $25K, $15K, $25K, and $58K.  I'm trying to figure out what to do with them.

In general, I would guess that customers of the new company are willing to pay for the size and age of line that they need, but not more.  With the old company, I think I saw many more sales on my $30K+11year USAA line than on my $55K+19year Chase line.  Are there a lot of customers of the new company that need to rent $55K lines compared to the number of lines available from people like us?

2.  On a similar note, if one has a small line, say $5K or $10K, is it better to leave that as a standalone line and pick up a few $50 commissions, or to move it to a monster card?  There is an annual fee in there to consider.

3.  Is it better to be towards the upper end of the commission CL range or the lower?  In other words, as a general strategy, would you rather have a CL with a $20,001 limit, or a $29,998 limit?

---

Overall, it's fun playing the game; now I feel the need to try to optimize it.  Thanks!

Good questions.  I don't have enough information to have answers, but I can speculate based on my gut and what it seems like.

1. Yes.  Higher limits should sell more.

However, as far as having two $15k cards into one $30k card, I'd probably leave two 15k ones, to get more overall sales.  At Old Company I'd probably have combined them.  At the very least, right now I'd enroll them all and see how it goes (and negotiate on the 58k one), if they're selling out or not.

The exception is Chase. I'd only have one Chase enrolled, if you do Chase, so I'd combine them all to one mega limit in that case.

2. <10k cards I'd move, or move some from the monster cards to get it to 15k or so. 

I'd rather have 3 20k cards than one 60k card.  But I'd rather have 1 20k card than 3 7k cards.

Basically cards below 10k don't really sell much, but cards in the 20k range sell pretty decent, so I'd rather have more of those, even if the 60k card will definitely sell out, it'll be less lines overall.

3. With Old Company, I was thinking it might be beneficial to be at the top of the range.  I haven't seen that same thing with New Company, so I'm working on just pushing everything up as much as possible.

Again, this is all speculation, and it may be worth emailing the TL company for their thoughts, but that's what I'm thinking at the moment.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 29, 2017, 03:02:50 PM
There is zero reason to ever pay an annual fee unless you are received benefits that are worth it. Nearly every issuer will let you product change to a card that does not have a fee. For example, Citibank has the "AAdvantage Citi Bronze" which is not publiciized, but it has no fee and gives you 1 point per 2 dollars spent. Product changes do not change your card open date.

The benefits are selling tradelines.  ;)

Barclays, for example, doesn't have an equivalent for their airline branded cards.  We shut down Lufthansa Miles and More cards a few months before learning about TL sales because they refused to waive the fee, and had no cards we could switch it to (despite multiple calls to verify that).  Would have cancelled other ones, too (AA card and Arrival+) if they didn't downgrade, but for finding about tradeline sales.

Now I'm happily paying $89/yr (written off as an expense against the income) to make hundreds from that card.

It is worth seeing if they have a card you can downgrade it to, without an annual fee.  But if not, it may be worth keeping open to do TL sales, even with paying a fee.

The Arrival + can downgrade to Arrival. At least that's what I did years ago. Odd that they wouldn't let you product change the Lufthansa to something else.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 29, 2017, 06:41:34 PM
ARS, good tip on requesting CLI's every 3 months.  I was doing Discover every 6 months.  I tried after 3 months based on your comment and it was raised.
As I said before, i have verified that you can do a CLI on Discover every 2 months.

Thanks Tom!  I must have missed that.  Great info.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 30, 2017, 07:54:44 AM
just got a 500 dollar bump on my discover

and a 5k!! bump on my barclays. this moved up a level.  equates to 900 dollars more per year at my conservative estimate.  much more once it turns 2. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 30, 2017, 08:27:14 AM
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 30, 2017, 09:09:05 AM
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.

I don't know if that's a choice, but if you do recognize it as self employment income (which i believe it probably is) You could always open a SEP, SIMPLE IRA or Individual 401(k) and funnel it all (less the SE taxes) into retirement accounts.


i'd also argue that if it was a choice, you probably should recognize it as SE income until you are above the Second Bend Point:

https://thefinancebuff.com/early-retirement-social-security-benefits.html
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 30, 2017, 12:19:47 PM
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.

I don't know if that's a choice, but if you do recognize it as self employment income (which i believe it probably is) You could always open a SEP, SIMPLE IRA or Individual 401(k) and funnel it all (less the SE taxes) into retirement accounts.


i'd also argue that if it was a choice, you probably should recognize it as SE income until you are above the Second Bend Point:

https://thefinancebuff.com/early-retirement-social-security-benefits.html

i'm easily above the second bend.  in 2016 i only made a couple grand.  i already have a SEP setup from past daily fantasy wins i filed a schedule C for. for 2017 i will have to do the math b/c my base pay is close to the "you dont have to pay int SSA number" which then with just medicare there is a breakeven point where since your SEP contributions avoid fed and state taxes at 31% for me it makes sense to just file as a business.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 30, 2017, 02:08:06 PM
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.

Feel free to discuss here.  :)

I plan to exclude it all under FEIE, being an expat, but I'm interested in the discussion both for when I eventually go back to the states, and as an intellectual curiosity.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 30, 2017, 03:03:29 PM
looks like they raised that number to 127200 for when your IRS payments stop.  I feel like this is the perfect scenario for an S corp.  Its easy to argue that the level of effort involved is so small that it would justify you paying your self 300 an hour ... and the real value is in the assets(credit lines) you company holds.  so figure out the balance of taxes with that.  i havent researched it a ton.  but just avoiding fica would save quite a bit of money. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 30, 2017, 08:40:20 PM
It would be beneficial if the tradeline income was income for my wife instead of myself, as I have a lot more social security wages.

She already handles a lot of the work, and it would be straightforward to have her handle all the tradeline stuff. No business set up though.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on January 30, 2017, 08:48:39 PM
Two interesting notes - I emailed the new company to ask about adding 2 cards that just passed 1 year of age and was told that they are very unlikely to get any sales until they are 2 years old, because a card that young can lower the average account age of the customer, and sometimes actually drop their credit score. I hadn't heard this reasoning before, but it explains the incredible low order volume on cards 1-2 years old.

I was also told that the new company is launching a new online interface this week! I am excited, because the online interface is my favorite part about the old company's process. It was also hinted that users can add cards themselves - maybe we'll also be able to remove them, or set limits on tradeline sales without emailing?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 30, 2017, 11:45:22 PM
Two interesting notes - I emailed the new company to ask about adding 2 cards that just passed 1 year of age and was told that they are very unlikely to get any sales until they are 2 years old, because a card that young can lower the average account age of the customer, and sometimes actually drop their credit score. I hadn't heard this reasoning before, but it explains the incredible low order volume on cards 1-2 years old.

Yep.  The older it is, the more it helps their average age, and if it's younger, it could possibly hurt.  The younger cards are less likely to see sales UNLESS it has a large limit. 

So someone might buy, say, a 1 year old card with 30k limit, and 11 year old card with 10k limit which will add 40k credit limit and an average age between the two of 6 years each.

Quote
I was also told that the new company is launching a new online interface this week! I am excited, because the online interface is my favorite part about the old company's process. It was also hinted that users can add cards themselves - maybe we'll also be able to remove them, or set limits on tradeline sales without emailing?

Indeed!  This is the system I referenced in the initial comparison post:
Quote
The new company has a portal, sort of, but it's not in use.  I got a login for it and poked around, and can see why it's not being used.  Right now they manually do everything.  So when you get tradeline sales, they email you with the AU info to add (and, if Discover, email the info that might need to be uploaded).  After you add them, you email them back to confirm you added it.  Later they will tell you when to remove the AU, via (you guessed it) an email.

This could be considered a pro, if you like that personal touch, or a con, if you like it all automated, and less emails.

They are working on tweaking/updating their portal, and their owner swears it will be in use soon, but there's a lot of work to be done from what I can see. For now, the manual (email) way does work, even if it's less efficient.

Like I said, I've had access since October, but they've been working on updating and improving it for the past few months, and it's supposed to roll out tomorrow!  I'm excited to see it.

The company will send an email to everyone once it's up.  No need to email them asking--you guys will know.

This is the one major area where the new recommendation was behind the old company, like I mentioned, so this is pretty exciting.

The new portal will add many features catching them up with the old company (like text notifications, online tracking of orders) and address the concern brought up earlier in the thread about the AU info being sent over email.

Here is the things to know:


Make sure you go in and add your cards ASAP--that's the way to get sales under the new system (won't guarantee it, obviously, the main diver is still people wanting your card, but not getting it in there definitely will prevent you from getting sales once they're 100% switched over to the new system).

Hold off questions if you can for the moment--you should be able to log in and try it yourself, soon!

I'd hold off emailing the company for the moment on miscellaneous stuff as well (except if related to an AU add), simply because they're quite busy getting this launched, but give it a few days, and then everything should be good to go.  Stuff tends to be "bumpy" when new systems come into place, so keep that in mind, but hopefully this won't have too many hiccups. We'll cross our fingers.

Plus everything should be much smoother going forward.

:)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 31, 2017, 07:03:14 AM
ARS,

To clarify, are you saying to add existing cards to the online system or new cards?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on January 31, 2017, 07:23:46 AM
It would be beneficial if the tradeline income was income for my wife instead of myself, as I have a lot more social security wages.

She already handles a lot of the work, and it would be straightforward to have her handle all the tradeline stuff. No business set up though.

Do it under her Ssn or register a tax ID number for her.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 31, 2017, 01:43:18 PM
ARS, thanks for the detailed update.

One morw thing to wait on...😁
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoodedfalcon on January 31, 2017, 02:00:58 PM
I was just about to give up on any sales for this month (closing date is the 1st) when blammo, I get the email! So I practice saying the name and call USAA, bantering with the customer service rep about this and that. Asks for Name, DOB, SSN....all info I have. Then asks for gender (???) and marital status (???) so I wing it and it's fine. I email the company to let them know and they said that USAA generally didn't ask for that information but that they will include it in the future. So just FYI for folks with USAA. Took 5 minutes and I was surprisingly nervous, but it was really fine.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on January 31, 2017, 02:23:55 PM
I was just about to give up on any sales for this month (closing date is the 1st) when blammo, I get the email! So I practice saying the name and call USAA, bantering with the customer service rep about this and that. Asks for Name, DOB, SSN....all info I have. Then asks for gender (???) and marital status (???) so I wing it and it's fine. I email the company to let them know and they said that USAA generally didn't ask for that information but that they will include it in the future. So just FYI for folks with USAA. Took 5 minutes and I was surprisingly nervous, but it was really fine.

I've had quite a few USAA sales on my line with them.

They've *always* asked for gender, marital status, confirmed US citizenship, and occasionally they've asked for job category.  The old company provided the first three; I also winged it on the last one when necessary.

They've also *always* set up a USAA profile for the person, even though the old company said it wasn't necessary and to discourage USAA from doing so.  It was a few extra minutes and I didn't see any harm so I just let 'em do it.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on January 31, 2017, 02:31:30 PM
ARS,

To clarify, are you saying to add existing cards to the online system or new cards?

You will be adding the existing cards... basically so they don't have to input hundreds of cards into the system, having individual cardholders put in their own cards will speed up the process.  :)

I was just about to give up on any sales for this month (closing date is the 1st) when blammo, I get the email!

Nice!  :)

Quote
So I practice saying the name and call USAA, bantering with the customer service rep about this and that. Asks for Name, DOB, SSN....all info I have. Then asks for gender (???) and marital status (???) so I wing it and it's fine. I email the company to let them know and they said that USAA generally didn't ask for that information but that they will include it in the future. So just FYI for folks with USAA. Took 5 minutes and I was surprisingly nervous, but it was really fine.

Yeah, USAA seems much more stringent on info than other CC companies.

Also, FYI for everyone, I just received my 1099 from the old company today, so be on the lookout for that.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HAPPYINAZ on January 31, 2017, 02:40:17 PM
I also got my 1099 from the old company today, by email (password protected PDF).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on January 31, 2017, 03:06:15 PM
I also got my 1099 from the old company today, by email (password protected PDF).

yes and its interesting when i put it into credit karma since its under nonemployee compensation if i list it as other income then it doesnt come thru on the line item. well it does on the major sheet but not the questionaire.  its strange.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shade00 on January 31, 2017, 03:18:01 PM
Finally think I'm about to ready to jump on board here. I have the following cards:

Best Buy branded Citi Visa - add authorized user is available under the account setting - need to confirm this is a valid Citi card. $10.7k balance. Open date is listed as 7/2009. Previously a Cap One card that was transferred to Citi in 2013. Reports payment history for this card back to 2013. The Cap One account is listed separately on my credit report.

Discover (me) - opened 7/09. $17.9k limit - just requested an increase at the end of November. Hopefully the next increase will get me over 20k. That way I'd be at $225 per AU once I pass 8 years in July.

Discover (wife) - opened  6/15. $16.7k limit. Also requested the increase back in November. Not yet up to 2 years so not as sweet of a deal.

Just getting a few things in order before I jump on the bandwagon.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on January 31, 2017, 03:20:14 PM
Discover (wife) - opened  6/15. $16.7k limit. Also requested the increase back in November. Not yet up to 2 years so not as sweet of a deal.

Just getting a few things in order before I jump on the bandwagon.

They will likely take that card even though it is under 2 years due to the limit.  You can inquire when you send in your paperwork.  I had one very similar that they took.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on January 31, 2017, 07:31:28 PM
I also got my 1099 from the old company today, by email (password protected PDF).

Same. Already printed and in my tax file.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 01, 2017, 09:45:52 AM
Has anyone gotten an email yet about the new website and interface? I've been waiting on pins and needles and still haven't seen one...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 01, 2017, 09:52:09 AM
Has anyone gotten an email yet about the new website and interface? I've been waiting on pins and needles and still haven't seen one...

You will know when we get it, because you will get it, too, it will go out to all investors, not individually emailed.

Be patient.  :)

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HAPPYINAZ on February 01, 2017, 09:52:21 AM
Has anyone gotten an email yet about the new website and interface? I've been waiting on pins and needles and still haven't seen one...

nope...eagerly awaiting it here too
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 01, 2017, 09:59:14 AM
Thanks! Was just wondering since I thought it was supposed to go live yesterday. I'll be patient - but I won't like it....

;)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Gimesalot on February 01, 2017, 12:58:53 PM
Adding another data point:

Just added three AUs to my second credit card.  So in the first month I have sold 5 tradelines at $75 each.   Although this may be low for some on here but I am extremely happy with the results.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 01, 2017, 01:13:14 PM
nothing to frown at 5 TL's for 75 bucks.  i've got 5 cards in now and will have 17 by this time next year hopefully.  if i fill everything on my 5 now its 2200  amonth.  next year if i fill all 17 its 60k a year.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 01, 2017, 01:24:36 PM
nothing to frown at 5 TL's for 75 bucks.  i've got 5 cards in now and will have 17 by this time next year hopefully.  if i fill everything on my 5 now its 2200  amonth.  next year if i fill all 17 its 60k a year.

Man I would quit my day job with that level of earnings. I only have one card, but it has a high limit and is very old. Still trying to get the wife on board, but she is very skeptical.

I wonder if this company gets flooded as well if they will slow down and/or reduce payouts.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 01, 2017, 02:15:00 PM
Adding another data point:

Just added three AUs to my second credit card.  So in the first month I have sold 5 tradelines at $75 each.   Although this may be low for some on here but I am extremely happy with the results.

What is the limit and age of that card?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 01, 2017, 02:38:36 PM
nothing to frown at 5 TL's for 75 bucks.  i've got 5 cards in now and will have 17 by this time next year hopefully.  if i fill everything on my 5 now its 2200  amonth.  next year if i fill all 17 its 60k a year.

Man I would quit my day job with that level of earnings. I only have one card, but it has a high limit and is very old. Still trying to get the wife on board, but she is very skeptical.

I wonder if this company gets flooded as well if they will slow down and/or reduce payouts.

Cant quit my day job. dont know how long this will last.  i'm 6-7 years from FI  If this is still churning dough in 4-5 years i will likely be done working. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Gimesalot on February 01, 2017, 03:28:46 PM
Adding another data point:

Just added three AUs to my second credit card.  So in the first month I have sold 5 tradelines at $75 each.   Although this may be low for some on here but I am extremely happy with the results.

What is the limit and age of that card?

I have one card that is at $9,600 and the other one is $6,500.  Both are 7 years old.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on February 01, 2017, 10:11:10 PM
so ARS should we start a new thread to discuss what people are doing with this income on their taxes this year?  or is this a good place for it.

I plan to just file as misc income and not file as a business subject to FICA taxes.

Feel free to discuss here.  :)

I plan to exclude it all under FEIE, being an expat, but I'm interested in the discussion both for when I eventually go back to the states, and as an intellectual curiosity.

I think it's a good point boarder42 brought up, and I'm not sure I agree this is the best place to discuss it. It is an active thread, and I already had trouble keeping up with the tax discussion in between the updates of tradelines sales people have gotten, the upcoming interface for new company, 1099 being issued by old company, etc.

If anyone else is interested, I took the liberty of creating a new thread: Small Business and Miscellaneous Income Best Practices (http://forum.mrmoneymustache.com/taxes/small-business-and-miscellaneous-income-best-practices/) broken off from here and summarized with the relevant discussion I could find. It might be a good general purpose resource for all the side hustle income people on the board have.

I'd like to get people's more indepth thoughts on their tax strategy, because I was just thinking that since in 2016, we did nothing to shelter the tradeline income, it's essentially a 30% - 40% haircut for us after paying State and Federal taxes. Getting the taxes right might have have almost made as much a difference as selling twice as many tradelines!

I'm also curious about the FICA aspect, since my wife and I FI/RE'ed before hitting 40 credits, so there might be relavent aspects for other's on the board about how to approach that.

If you disagree, you can continue here, and that other thread will die a sad lonely death :) but I think it is worth breaking off a separate discussion 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on February 01, 2017, 11:24:26 PM
Doesn't seem like anyone got the portal email? 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 02, 2017, 05:17:17 AM
Doesn't seem like anyone got the portal email?

Nope.

I expect several people will be excited to post in this thread as soon as it arrives....

Including me  ;)

I'm much happier with self-serve than sending emails and relying on someone else to go through and update stuff. I have to type it anyway, might as well type it directly into the system.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: medinaj2160 on February 02, 2017, 08:02:20 AM
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: cheapass on February 02, 2017, 08:29:09 AM
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 02, 2017, 08:58:04 AM
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.

knew this would happen again.  no way they could take the flood.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: timmers78 on February 02, 2017, 09:57:18 AM
If a card gets cancelled, are you then "black balled" from that company?   The reason I ask is that I am starting to do some credit card hacking as well and not being allowed to open the neceaaary cards for the hacking would obviously inhibits the success.  Example, I have a Capital One card that I plan to use for tradelines for $250 an AU.  Knowing that Cap One has a higher probability of cancelling, will I have an issue with getting another Cap One card down the road for hacking?  PS, I definitely don't plan to use any my hacking cards for tradelines until after the large bonus points are redeemed.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 02, 2017, 10:18:57 AM
If a card gets cancelled, are you then "black balled" from that company?   The reason I ask is that I am starting to do some credit card hacking as well and not being allowed to open the neceaaary cards for the hacking would obviously inhibits the success.  Example, I have a Capital One card that I plan to use for tradelines for $250 an AU.  Knowing that Cap One has a higher probability of cancelling, will I have an issue with getting another Cap One card down the road for hacking?  PS, I definitely don't plan to use any my hacking cards for tradelines until after the large bonus points are redeemed.

Hacking is pennies compared to this.  I've hacked for 2 years.  500 bucks in on one time sign up bonus you make in one month with that cap one card.  So who really cares ... you should be asking if it gets shutdown will i not be able to get future cards for this system. 

another example my citi AA card gets me 50k points that 2 RT's to hawaii so worht about 2k ... in this system i get 115 up to 4 AUs a month.  if i assume i only get half that.  i make 2760 a year on this card ...

you should be looking to open cards to profit in this system and if you get the travel sign up bonus.  thats just gravy now.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on February 02, 2017, 11:13:04 AM
you should be looking to open cards to profit in this system and if you get the travel sign up bonus.  thats just gravy now.

Personally, I am looking at opening cards with all of the "easy" CC companies for tradeline sales.  If this isn't around in 2 years, oh well, but it's very much worth a shot!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: timmers78 on February 02, 2017, 12:17:27 PM
I agree that trade lines can be much more profitable than hacking but I only have 1 card that qualifies for tradelines today so in the short term (2 years) travel hacking should save me more money that's a tradeline with Cap One will.  Great point though, do cards cancelled from tradelining prevent you from getting future cards with the company that canceled you?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 02, 2017, 12:26:47 PM
you should be looking to open cards to profit in this system and if you get the travel sign up bonus.  thats just gravy now.

Personally, I am looking at opening cards with all of the "easy" CC companies for tradeline sales.  If this isn't around in 2 years, oh well, but it's very much worth a shot!

agreed its what i'm doing.  i've opened up 12 new lines of credit since july when i found out about this
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoodedfalcon on February 02, 2017, 12:52:09 PM
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.

I was also pretty bummed bc I hadn't gotten any bites on my card (10+ years, 20K+ credit line) and then a few days before the closing date I got one. Good stuff! And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed. But I wasn't expecting the last minute orders, though I am happy with it.

In other related news, USAA is a PITA to add AUs to. I was asked a ridiculous number of questions. Was he a US citizen. What his degree was in. His phone number. His email address. How long he had been employed. I didn't have a lot of that and it was fine, but it makes me wonder if they were suspicious (he had a difficult name and there is a chance I mispronounced it and maybe that tipped them off?) It ended up being fine but I am definitely preparing myself for this card getting shut down. Working on seasoning some other cards in the meantime.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 02, 2017, 12:54:30 PM
Quote
And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.

They are only giving you 1 day lead time to add? That doesn't make sense.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoodedfalcon on February 02, 2017, 01:05:23 PM
Quote
And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.

They are only giving you 1 day lead time to add? That doesn't make sense.

It wasn't even 1 day. It was hours. I hope going forward it isn't that chaotic. But for the amount of money, I am willing to deal with some hassle.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 02, 2017, 01:15:06 PM
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.

knew this would happen again.  no way they could take the flood.

Of course, none of the companies can, the TL business is small.  This one can in the short term a lot better than any of the other ones, as it's the biggest--Mustachians have already seen more sales with them this first month than with the old company--and due to the affiliate network I mentioned in the comparison posts, it'll be easier for them to bring in new AUs than most companies to be able to ramp up and meet the cardholder demand.

Quote
And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed.

They are only giving you 1 day lead time to add? That doesn't make sense.

It wasn't even 1 day. It was hours. I hope going forward it isn't that chaotic. But for the amount of money, I am willing to deal with some hassle.

This company definitely has way more "last minute" adds than the old one.  Having to turn down an order sucks though.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 02, 2017, 01:55:20 PM
I haven't got any adds yet...its been a month :(

I submitted 5 cards, a chase 9 years old 20k limit, barclays 3 years old 17k limit, capital one 2 years old 30k limit, a chase 4 years old 17k limit and a discover 8 years old 11k limit.

Maybe my cards suck... idk

I talked to the main dude on the phone and he mentioned this was the first time in 10 years they actually had an oversupply of host cards, and they were going to step up their marketing efforts to find more clients. It may take them some time to round up more customers to fill all of our slots.

I was also pretty bummed bc I hadn't gotten any bites on my card (10+ years, 20K+ credit line) and then a few days before the closing date I got one. Good stuff! And then last night, an hour before the customer service line for my bank closed, I got another order, and then another one directly after that! I had to turn down the last one because at that point my bank had closed. But I wasn't expecting the last minute orders, though I am happy with it.

In other related news, USAA is a PITA to add AUs to. I was asked a ridiculous number of questions. Was he a US citizen. What his degree was in. His phone number. His email address. How long he had been employed. I didn't have a lot of that and it was fine, but it makes me wonder if they were suspicious (he had a difficult name and there is a chance I mispronounced it and maybe that tipped them off?) It ended up being fine but I am definitely preparing myself for this card getting shut down. Working on seasoning some other cards in the meantime.

Myself and a few others have experienced this as well. I wasn't real fond of being asked all those questions. But they didn't seem to really care if I knew the answers. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 02, 2017, 02:09:00 PM
Might just be the form they fill out ("fill out" being metaphorical, it's likely electronic, of course), and they don't care if the answer is "I don't know."
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 02, 2017, 05:44:52 PM
Might just be the form they fill out ("fill out" being metaphorical, it's likely electronic, of course), and they don't care if the answer is "I don't know."

Could be. I just told the rep since it was my account I prefer all contact info be the same as mine. They were fine with that and understood.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: BikeFanatic on February 03, 2017, 08:25:59 AM
I just got my first two users on my Discover card! Thank you Arebelspy!

Now I have a question , can I add more than one user at a time or is it a separate call for each user?

I also got one request where the first and last names on the CA state ID was different than the fist and last name on the social, meaning the names were reversed, like "Robert Dirk" on social and  Dirk Robert on CA ID.
The name is fictitious, just to show you.

Does anyone have a California ID can confirm LN corresponds to Last name  and FN corresponds to First name?
I am emailing the company  about it. I am also suspicious because the CA id says he has BLK hair and BLK eyes on his ID ( who has black  eyes?)!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 03, 2017, 09:04:53 AM
I just got my first two users on my Discover card! Thank you Arebelspy!

Now I have a question , can I add more than one user at a time or is it a separate call for each user?

Can't help you with the other ones, but this one is addressed in their FAQ:  " IMPORTANT- Never add or remove more than two (2) AU’s at a time when adding/removing over the phone. Too many adds/removals in one phone call can look suspicious and the customer service rep may ‘flag’ the account for review by a risk/fraud analyst. If this happens, you will not be in any kind of trouble, but if they suspect that you’re adding AU’s just to help boost credit scores, then they may close your account."

That's their advice.  Personally I only add one AU per phone call.  I did remove three AU's in one phone call the other day in contravention to their advice above; oh well, what's done is done.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kudy on February 03, 2017, 09:31:53 AM
With Discover you have the ability to add/remove online, so I'd suggest that!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: yachi on February 03, 2017, 09:57:34 AM
I just got my first two users on my Discover card! Thank you Arebelspy!

Now I have a question , can I add more than one user at a time or is it a separate call for each user?

I also got one request where the first and last names on the CA state ID was different than the fist and last name on the social, meaning the names were reversed, like "Robert Dirk" on social and  Dirk Robert on CA ID.
The name is fictitious, just to show you.

Does anyone have a California ID can confirm LN corresponds to Last name  and FN corresponds to First name?
I am emailing the company  about it. I am also suspicious because the CA id says he has BLK hair and BLK eyes on his ID ( who has black  eyes?)!

I think I would refuse on the one.  The reversed names I could understand as some sort of mishap at the DMV... maybe.  Google confirms LN is last name and FN is first name.  I highly doubt they have the option of selecting 'black' as an eye color.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on February 03, 2017, 10:05:05 AM
With Discover you have the ability to add/remove online, so I'd suggest that!

One weird experience with Discover recently: I had a request to add an AU. I performed online, was going through ok. (One interesting side note, it had the option of choosing which card design I choose for them, or no card at all. I chose "no card", was a nice option). Kept going though ok, and then the last page threw up some kind of error and said I would have to call in. So I called in, thankfully the Discover phone person checked the name I wanted to add, and was able to confirm that the online system had already added them, even though it said to call in. Weird.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: BikeFanatic on February 03, 2017, 10:13:21 AM
Thank you for the replies, I will add the next Discover authorized user online.

I reported the suspicious ID to the "New Tradeline  Company" and they replied right away and said they will double check that user that I was concerned about with the black eyes and the reversed  first and last names. They said hold off on adding him until they double check his credentials.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 03, 2017, 01:48:43 PM
That ID is totally weird, good call not adding. Never seen anything like that, wonder if the ID is a bad photoshop or something? You'd think if you were going to the trouble, you'd get the name right and stuff.  Really weird. I'll be curious to hear what they say.

Definitely add and remove Discover online--super easy.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 03, 2017, 01:50:39 PM
Got a last minute add. Cool beans.

 Will be harder to this when nomadic....
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on February 03, 2017, 02:18:56 PM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 03, 2017, 02:24:16 PM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?

Absolutely try the product change.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Optimiser on February 03, 2017, 02:24:48 PM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?

I've got the same card, but didn't realize they were changing banks when they drop the good benefits. If you find a way to convert your account to another type of card or something let me know.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 03, 2017, 05:13:04 PM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?

I've got the same card, but didn't realize they were changing banks when they drop the good benefits. If you find a way to convert your account to another type of card or something let me know.

Definitely call in and ask for a product change.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 03, 2017, 10:48:55 PM
Got a last minute add. Cool beans.

 Will be harder to this when nomadic....

Yeah.  Leaves you two options:
1) Let them know you need a few days lead time.

The downside to this is you won't get the last minute adds, costing you money.

2) Pay for more expensive cell/data service so you can be connected, and are able to do the last minute adds even when remote.

The money you make likely more than makes up for the cost of the data service (which is itself an expense you can write-off). Since I have rentals I semi-manage, I need to be reachable anyways, so already have #2 set up, so last minute adds are no problem.

If I were going very off grid for a few days AND it was near my closing date, I'd just let them know.  Or try to time my off grid for when I don't have closing dates (easier to do in FIRE).  ;)

I've never bothered though, because I'm fairly connected anyways (and like it that way).  But if you don't, option #1 is easy enough.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MoseyingAlong on February 04, 2017, 07:06:11 PM
Got first adds today!

2 on an old USAA card. When I wrote back to ask for marital.status (based on prevous posts), the reply was they'd try to get that info Monday and to hold off on one of the adds. Being antsy to try this, I called USAA with the other one and got him added no problem. "I don't know" was an acceptable answer for marital status.

Thanks to arebelspy for starting this party and everyone who shared their thoughts and experiences.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Runner77 on February 05, 2017, 07:17:19 AM
Is the new company's website online yet? I want to add a few more cards but was waiting to do it online.

I signed up in late December but have not received any adds. I am hoping to increase my odds by adding more cards but it is getting a little frustrating seeing no activity.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 05, 2017, 01:37:51 PM
Is the new company's website online yet? I want to add a few more cards but was waiting to do it online.

No.

I would not wait for anything.

I've found (in general, not just with this company) that it's better not to wait for particular promised updates by a particular deadline, especially when it comes to a giant technology rollout, which always seem to have hiccups.

In particular with this portal, I've been told since October it was coming.  I had not planned to post about the portal until it was actually up (and everyone was emailed about it), but then Kudy posted about it, so I figured I might as well fill in some details.

I would not be surprised if it is up tomorrow, or still not up a month from now.  So anyone counting on it being up for some particular reason, don't hold your breath.  Luckily the manual system works, as seen by all the people getting TL sales.

If anyone needs to have a portal, I can send you a recommendation to Old Company; as I said in the comparison post, they do have the distinct technological edge in this, though are worse in several other ways (hmm, I should have made a matrix/grid to compare them).

Also, people keep asking "Is it up?"  (I think you're the 5th or 6th person?) You'll know when it's up. You will get an email when it's up (and I'm sure someone will post when they get the email). You won't have to ask here, because you'll have seen the email, or it will already be posted in the thread).  :)

Quote
I signed up in late December but have not received any adds. I am hoping to increase my odds by adding more cards but it is getting a little frustrating seeing no activity.

It may be your cards available (limit, age, closing date all could be impacting it), or it might be luck of the draw, or it may be that you'll get some soon.

It's not worth getting frustrated about--it's basically free money you just sit and wait for.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on February 05, 2017, 01:59:49 PM
I've found (in general, not just with this company) that it's better not to wait for particular promised updates by a particular deadline, especially when it comes to a giant technology rollout, which always seem to have hiccups.

Old rule of thumb for estimating time for creating software comes to mind: make your best possible estimate based on years and years of experience, then triple it, then double it again. Often times you will still underestimate

If anyone needs to have a portal, I can send you a recommendation to Old Company; as I said in the comparison post, they do have the distinct technological edge in this

Nobody mentioned this yet, "Old Company" seems to have quietly updated their portal so that it lets you know when a sold tradeline has been successfully posted, and your pending commissions:
(http://i.imgur.com/17xUisT.png)

Very nice.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: KT's Stache on February 05, 2017, 02:59:58 PM
I just got my first 2 sales today! Pretty excited to see the process getting started.

I had a quick question for the group. I initially enrolled 3 cards, I do have a couple others that will hit their 12 months in a few weeks. How do I go about getting those enrolled? Do I just need to send an email to the owner, or complete a new cardholder agreement form?

Also, is there a way I can specify that I only want to receive 1 or 2 AU's max on a specific card. I have a Bank of America card that is the longest opened card, with the highest balance. If it is closed, it will affect my credit score (but not a huge amount,and I am not planning to open any more credit cards or loans for a while). I would like to reduce the chance that it is closed. Is there a way to set this limit with them?

Thanks for everyone's help! It is much easier to navigate this with friends!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 05, 2017, 06:12:59 PM
Nobody mentioned this yet, "Old Company" seems to have quietly updated their portal

Oh yeah, I meant to mention that in the other thread!  That occurred on Jan 24, I believe.  :)

I just got my first 2 sales today! Pretty excited to see the process getting started.

Nice!  :)

Quote
I had a quick question for the group. I initially enrolled 3 cards, I do have a couple others that will hit their 12 months in a few weeks. How do I go about getting those enrolled? Do I just need to send an email to the owner, or complete a new cardholder agreement form?

Also, is there a way I can specify that I only want to receive 1 or 2 AU's max on a specific card. I have a Bank of America card that is the longest opened card, with the highest balance. If it is closed, it will affect my credit score (but not a huge amount,and I am not planning to open any more credit cards or loans for a while). I would like to reduce the chance that it is closed. Is there a way to set this limit with them?

Yup, email the owner on both of those things (new cards enrolled, capping AUs).  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 06, 2017, 05:43:08 AM
Got another add (last minute). Phone call with USAA this time was a bit more smooth. Perhaps because I know what questions they were going to ask and was a bit more prepared. Finally convinced my SO to join in after being hesitant. She has to get her credit limit increased first though. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: SomedayStache on February 06, 2017, 07:26:46 AM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Product change to what?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 06, 2017, 07:36:32 AM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Product change to what?

Anything without an annual fee that they will let you PC to.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: turketron on February 06, 2017, 07:39:32 AM
For those of you who have a few different cards enrolled from different banks, is there any specific bank that has easier tools for managing AUs than the others? I'm looking to sign up for a card or two now to use for this down the road, and so if I'm concentrating only on AU's the fees or sign up bonuses that I'd normally take into account aren't as relevant. What card/bank would be ideal for this?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ketchup on February 06, 2017, 08:00:43 AM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Product change to what?

Anything without an annual fee that they will let you PC to.
Sorry for butting in, but any idea what those options might be?  I'm in the same boat.  I've never done a CC product change before.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: twg5 on February 06, 2017, 08:59:46 AM
I have the Sallie Mae card with Barclays. I called in and asked for a product change but they said that they can't do a product change. All that was offered was to open another card. : (
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Optimiser on February 06, 2017, 09:07:45 AM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Product change to what?

Anything without an annual fee that they will let you PC to.
Sorry for butting in, but any idea what those options might be?  I'm in the same boat.  I've never done a CC product change before.

I reread the letter that I got about this card changing and I got the impression that the card was changing from the SallieMae card to the Commerce card, but that Barclays would still be the bank. I assume this means that my credit limit and account age will remain the same allowing me to still sell tradelines on this new commerce card.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 06, 2017, 09:13:15 AM
I hesitate on where to put this (ARS, feel free to move to the other thread if you want).

For those filing schedule C + SE with their piggybacking income, are you deducting annual fees on schedule C?

If so, are you deducting all of them, or only those that received AU sales?

Are you deducting churning expenses (gift card fees, MO fees)?

Any other expenses you are deducting?

[With the CSR card and maybe 8 others that I paid annual fees on last year, I may come out ahead by filing as a for-profit activity (C+SE) rather than hobby income (line 21).  Based on the criteria posted by brooklynguy in the other thread, it could be argued/defended either way I think.]
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 06, 2017, 09:14:32 AM
Quote
Are you deducting churning expenses (gift card fees, MO fees)?

I'm not sure how the above is related to the tradeline business.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 06, 2017, 09:15:56 AM
Quote
Are you deducting churning expenses (gift card fees, MO fees)?

I'm not sure how the above is related to the tradeline business.

Right; good point.  It's early here and I'm not a morning person.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on February 06, 2017, 09:26:01 AM
For those of you who have a few different cards enrolled from different banks, is there any specific bank that has easier tools for managing AUs than the others? I'm looking to sign up for a card or two now to use for this down the road, and so if I'm concentrating only on AU's the fees or sign up bonuses that I'd normally take into account aren't as relevant. What card/bank would be ideal for this?

I have had an easy time with Barclays.  My experience is limited to them however.  I just signed up for "Cash Forward" from Barclays.  $500 spend with $200 cash back. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ketchup on February 06, 2017, 09:28:54 AM
Dumb question: can we use multiple cards (under the same name) from the same issuer with New Company?  I have two different Barclays cards, for example.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 06, 2017, 09:30:38 AM
Dumb question: can we use multiple cards (under the same name) from the same issuer with New Company?  I have two different Barclays cards, for example.


Most likely. It's possible that some issuers have AU limits per person rather than open card, I would ask the tradeline guy.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 06, 2017, 09:48:56 AM
Dumb question: can we use multiple cards (under the same name) from the same issuer with New Company?  I have two different Barclays cards, for example.

Yes.  I have two US Bank cards enrolled with new company now.  Each card would of course have to individually meet the credit limit and age guidelines.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on February 06, 2017, 09:51:27 AM
Update about the Barclay SallieMae thing:

There's a lot of conflicting information right now, with different CSRs saying that 1) it will be serviced by Barclay and 2) it won't be serviced by Barclay. However, the official Barclaycard Twitter account says the card will remain with Barclay (https://twitter.com/askbcus/status/828606074601238528). It seems like the Barclaycard CSRs just haven't been educated about what's happening with the switch, but I'm still a little concerned. Best to keep a close eye on this over the next couple weeks.

If you want to err on the safe side, there are multiple data points of people being able to product change to the Barclay Rewards MasterCard. It sounds like it's best to immediately ask for a supervisor as few have had success with frontline CSRs. If they reject you, hang up and call back a few times.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: twg5 on February 06, 2017, 11:43:43 AM
Data Point:

I just called Barclays and asked about the Commence Mastercard. The CSR I spoke to said that the Commence Mastercard would be serviced by Barclays. So unless she was mistaken everyone with the Sallie Mae Barclaycard should be good. It will change to the Commence Mastercard but it will still be with Barclays.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 06, 2017, 12:11:08 PM
Payout question (perhaps a dumb question). I know ARS said 4 weeks after closing but I am curious if that means say you get two AU adds at the beginning of the month just prior to closing date. Is it 4 weeks from that closing date or next closing date?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 06, 2017, 02:46:08 PM
Payout question (perhaps a dumb question). I know ARS said 4 weeks after closing but I am curious if that means say you get two AU adds at the beginning of the month just prior to closing date. Is it 4 weeks from that closing date or next closing date?

Approximately a month after you add the AUs.  So basically with Old Company, payouts ranged from 4 weeks from adding to AU to 8 weeks (depending if you added them the beginning of the month or end, and it paid out end of the next month).  This one pays out 4 weeks after the closing date where you add them (so a bit over 4 weeks from the actual add, depending on how many days before the closing date you added them).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on February 06, 2017, 03:00:19 PM
Quote
Are you deducting churning expenses (gift card fees, MO fees)?

I'm not sure how the above is related to the tradeline business.

Right; good point.  It's early here and I'm not a morning person.

There was an open topic of discussion regarding counting annual card fees as business expenses against the income produced. I believe kudy first brought it up. Annual fees can be written off, but you would need to have only business related expenses charged to the card. The question was, what to do about the "dummy charge" that you have to incur in order to make a statement post.

i.e., you buy an Amazon gift card, which you then use for a personal purchase, then annual fee no longer counts as a business expense.

I was thinking more about this, what if you were to do PayPal transfer or buy a PayPal cash card? You would more or less be using the funds to transfer back to a bank account to pay off the same card. Would that allow you to still write off the annual fee (and the Paypal expenses) while still allow you to make a minimum purchase which causes the statement to post?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 06, 2017, 03:16:37 PM
1) Why not buy at least one business item from Amazon that covers all those small "activity" charges?

2) Can you not "prorate" the card fees based on percent business use?  E.g. a $90 annual fee, used half for business, would be $45 expensed? (Similar to deducting a percent of your cell phone bill or percent of utilities for a home office.)

I have no idea, I'm just throwing it out there.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 06, 2017, 03:28:19 PM
Quote
Are you deducting churning expenses (gift card fees, MO fees)?

I'm not sure how the above is related to the tradeline business.

Right; good point.  It's early here and I'm not a morning person.

There was an open topic of discussion regarding counting annual card fees as business expenses against the income produced. I believe kudy first brought it up. Annual fees can be written off, but you would need to have only business related expenses charged to the card. The question was, what to do about the "dummy charge" that you have to incur in order to make a statement post.

i.e., you buy an Amazon gift card, which you then use for a personal purchase, then annual fee no longer counts as a business expense.

I was thinking more about this, what if you were to do PayPal transfer or buy a PayPal cash card? You would more or less be using the funds to transfer back to a bank account to pay off the same card. Would that allow you to still write off the annual fee (and the Paypal expenses) while still allow you to make a minimum purchase which causes the statement to post?

1.  Why?  IRS cite?
2.  You might accrue cash advance interest / fees, but in this scenario they might also be deductible.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 06, 2017, 06:46:07 PM
So we know that the SallieMae MasterCard is losing its awesome benefits, but recently I've been hearing that the card will no longer be serviced by Barclay once they do their changeover on March 1st. Apparently Commerce will be the new servicing bank, and we'll see a conversion similar to the AmEx --> Citi Costco card.

I assume this means my SallieMae will suddenly become ineligible for tradelines. :( Anyone else dealing with this and have any bright ideas to keep it going? Product change maybe?
Product change to what?

Anything without an annual fee that they will let you PC to.

Hell, even annual fee is probably fine (not as good, but fine) - if you get 1 sale, it should more than cover the fee.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on February 06, 2017, 07:42:05 PM
2) Can you not "prorate" the card fees based on percent business use?

1.  Why?  IRS cite?

Good questions. I haven't done the research yet myself, was continuing the conversation based on this earlier remark (emphasis mine):

The interpretation of the rule I've seen after 5 minutes of searching is... if the expenses on the card are all business related, then you can deduct the fee.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 07, 2017, 08:32:54 PM
Well this is a new one.

I just got an email from new company asking me to add an AU to one of my cards.  It's the same person who I added as an AU to a different one of my cards a few days ago.

In other words, there is a person who has paid new company to be added to two cards, both of which happen to be mine.

I wonder how often that happens.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 07, 2017, 10:51:06 PM
Well this is a new one.

I just got an email from new company asking me to add an AU to one of my cards.  It's the same person who I added as an AU to a different one of my cards a few days ago.

In other words, there is a person who has paid new company to be added to two cards, both of which happen to be mine.

I wonder how often that happens.

Never saw it with old company, but have already seen it a few times with new company. 

I asked the same question when it first happened.

Owner explained to me it's better for AUs to get their lines from one person if possible because then if/when your address temporarily shows up on their report, there's only one address. They can explain "I am an authorized user by that person" to whomever may be looking at their now boosted credit. Appears more awkward if they're saying "I am an AU for these multiple random people."

Makes sense to me, through of course a lot of people may only be buying one line, or there may not be multiple good lines by the same person available. But when possible, they try to have one AU get multiple lines from one person.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 08, 2017, 07:48:03 AM
So with all the last minute adds with the new company, are you guys just doing $5 charges every month on ALL of your enrolled cards even though you have no idea which cards you will need to add an AU on?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 08, 2017, 08:20:50 AM
So with all the last minute adds with the new company, are you guys just doing $5 charges every month on ALL of your enrolled cards even though you have no idea which cards you will need to add an AU on?

I am only doing charges on the ones with AUs on them.

As I understand things, the new company figures your statement close date by working backwards from your billing due date.  The formula they use, at least in one case with me on a USAA card, resulted in a "last minute" add four days before my statement close date.  In that situation, I still had 3 AUs from the old company that needed to be removed, so I worked with new company to complete the AU add a day or two after the new company's requested date (and after the 3 old AUs had been removed) and everything worked out fine - the new AU showed up on my statement that closed a day or two after I added the new AU.

All that to say, I think it is perfectly safe to get the email from new company, add the AU that day or the next, and then also make a purchase to ensure the card has a balance.  It is my impression that most cards report to the credit bureaus on your statement close date.

I also have reminders set up in my calendar to do charges every month on the five cards I have enrolled with new company (to ensure that the card has a balance the second month if the AU has paid for two cycles).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 08, 2017, 08:39:48 AM
Just a PSA/FYI

The site i'm using has just haulted all BofA adds due to abnormal shutdowns for authorized user activity.  I'm unsure if this will effect the site ARS is recommending but BofA may be making policy changes similar to what Chase does.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 08, 2017, 09:49:30 AM
Quote
I also have reminders set up in my calendar to do charges every month on the five cards I have enrolled with new company (to ensure that the card has a balance the second month if the AU has paid for two cycles).

Does the tradeline company let you know if they have paid for 2 cycles? Do they let you know when to remove the AU?


Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 08, 2017, 10:42:51 AM
Well this is a new one.

I just got an email from new company asking me to add an AU to one of my cards.  It's the same person who I added as an AU to a different one of my cards a few days ago.

In other words, there is a person who has paid new company to be added to two cards, both of which happen to be mine.

I wonder how often that happens.

I received an email from the new company with an add request for the same guy, but it was for the same card I had already added him on. I contacted them and they confirmed it was an error on their part.

Never saw it with old company, but have already seen it a few times with new company. 

I asked the same question when it first happened.

Owner explained to me it's better for AUs to get their lines from one person if possible because then if/when your address temporarily shows up on their report, there's only one address. They can explain "I am an authorized user by that person" to whomever may be looking at their now boosted credit. Appears more awkward if they're saying "I am an AU for these multiple random people."

Makes sense to me, through of course a lot of people may only be buying one line, or there may not be multiple good lines by the same person available. But when possible, they try to have one AU get multiple lines from one person.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 08, 2017, 11:00:48 AM
Quote
I also have reminders set up in my calendar to do charges every month on the five cards I have enrolled with new company (to ensure that the card has a balance the second month if the AU has paid for two cycles).

Does the tradeline company let you know if they have paid for 2 cycles? Do they let you know when to remove the AU?

I don't think I've seen them say whether it is for one cycle or two (or three).  They do say they will let me know when to remove the AU (and destroy the card), but I haven't gotten that far yet.  All of my sales are within the last few weeks and thus too recent.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 08, 2017, 02:48:51 PM
So with all the last minute adds with the new company, are you guys just doing $5 charges every month on ALL of your enrolled cards even though you have no idea which cards you will need to add an AU on?

I go on and purchase an Amazon gift credit for $2.50 when I get the tradeline order.  One time it did not post in time out of dozens and dozens of adds; don't know why that was, the order showed pending right away, and the charge actually showed the date like 3 days before the previous statement.

Yes, on the next statement, it showed a charge from 3 days before the statement opened.  Weird.  But the AU add posted fine anyways.

Never bothered to do a second month charge even when they pay for 2 months... I figure if it posts correctly the first time, it's on their report, and even if it's now showing as 0, it's fine and will be good til they're removed.  If you're paranoid, you can do the small charge the second month, I've just never bothered, and never had something not post a second month because of it.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on February 08, 2017, 03:32:22 PM
You can also see what charges same day for you.  In my case, my local grocery stores posts same day.  If I were in a pinch, I would stop there and buy something small.  Some online vendors post quickly as well. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: RedwoodDreams on February 08, 2017, 04:03:21 PM
A question about how to make the transition from the old TL co. to the new one: If you've sold a tradeline on a Barclays card with the old co. and the TL has posted, but it's a 2-month slot, is it OK to go ahead and move said credit card over to the new TL co.? Do I need to worry about that at all and make sure it's a clean break?

ETA: Sales still extremely slow with old co., so my hope of picking up extra sales from fleeing Mustachians hasn't come to pass, at least not yet!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 08, 2017, 04:06:55 PM
A question about how to make the transition from the old TL co. to the new one: If you've sold a tradeline on a Barclays card with the old co. and the TL has posted, but it's a 2-month slot, is it OK to go ahead and move said credit card over to the new TL co.? Do I need to worry about that at all and make sure it's a clean break?

ETA: Sales still extremely slow with old co., so my hope of picking up extra sales from fleeing Mustachians hasn't come to pass, at least not yet!

I'd just email old company customer service to ask them to reduce the available lines to zero, then email new company to sign paperwork and add card.  By the time you get a sale, you should be good to remove the old AU.  Even if you have an AU on there, you should have the room to have an overlap.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kpd905 on February 08, 2017, 04:35:16 PM
How long has it taken to get set up with the new company for most of you?  I sent in my W9 and agreement form 6 days ago and haven't heard anything back.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 08, 2017, 04:36:51 PM
How long has it taken to get set up with the new company for most of you?  I sent in my W9 and agreement form 6 days ago and haven't heard anything back.

That should mean you are good to go.  You can email and confirm or ask if they need anything else, but it should just be a matter of waiting for an email that you sold a TL containing AU info to add.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kpd905 on February 08, 2017, 06:11:06 PM
That should mean you are good to go.  You can email and confirm or ask if they need anything else, but it should just be a matter of waiting for an email that you sold a TL containing AU info to add.

Ah, good to know, thanks.  My closing date is coming up in about a week so I'll keep my fingers crossed.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on February 08, 2017, 07:42:55 PM
How long has it taken to get set up with the new company for most of you?  I sent in my W9 and agreement form 6 days ago and haven't heard anything back.

They were flooded a few weeks ago but should be through that now.  I've heard back from the point person in that time.  I'm still waiting on my first TL add and have been in over a month, but know i need to be patient.  Clearly others are starting to see adds which is encouraging.  I had a card that closed on 2/7 but didn't get a bite on it and it's been in for a month so just be patient and things will start to flow soon I'm sure.

Hope that helps give you some perspective!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 08, 2017, 08:10:12 PM
So with all the last minute adds with the new company, are you guys just doing $5 charges every month on ALL of your enrolled cards even though you have no idea which cards you will need to add an AU on?

I go on and purchase an Amazon gift credit for $2.50 when I get the tradeline order.  One time it did not post in time out of dozens and dozens of adds; don't know why that was, the order showed pending right away, and the charge actually showed the date like 3 days before the previous statement.

Yes, on the next statement, it showed a charge from 3 days before the statement opened.  Weird.  But the AU add posted fine anyways.

Never bothered to do a second month charge even when they pay for 2 months... I figure if it posts correctly the first time, it's on their report, and even if it's now showing as 0, it's fine and will be good til they're removed.  If you're paranoid, you can do the small charge the second month, I've just never bothered, and never had something not post a second month because of it.

Great. So your experience is that $2.50 is large enough on all your issuers to not trigger the CC company to write it off and not post a balance?

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 08, 2017, 11:21:19 PM
Great. So your experience is that $2.50 is large enough on all your issuers to not trigger the CC company to write it off and not post a balance?

Yep, never had an issue with that.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on February 09, 2017, 06:46:41 AM
I had some more difficulty trying to add authorized users on Discover card. Again the support staff person gave me an address for the authorized user that was different then the address on the driver's license. The driver's license address is the one that is used though. Moreover, on those authorized users where I had to upload documents like driver's license to confirm the identity - the Discover card portal would freeze during the upload. I had to finally call the customer service number listed on the portal in order to verify the documents were uploaded, and then while the customer service did that they also confirmed that the authorized addition was approved.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Yinzer on February 09, 2017, 07:17:39 AM
I signed up in December with the new company and got my first sale yesterday. It was on one of my smaller lines but hopefully it builds from here. Woot!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MattS on February 09, 2017, 09:05:48 AM
I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K.  Both cards are over 15 years old.  These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers. 
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month.  So far no issues, an easy way to make some extra money for the 'stache.  Although USAA does require calling in to add and remove users. 
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over. 

Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also! 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on February 09, 2017, 01:13:56 PM
I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K.  Both cards are over 15 years old.  These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers. 
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month.  So far no issues, an easy way to make some extra money for the 'stache.  Although USAA does require calling in to add and remove users. 
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over. 

Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also!

I'm in shock they hardly gave you any tradelines given the age and size of those credit lines. So the bottom line is they lowered our commissions and made no effort to increase tradeline sales.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: VladTheImpaler on February 09, 2017, 02:52:14 PM
I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K.  Both cards are over 15 years old.  These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers. 
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month.  So far no issues, an easy way to make some extra money for the 'stache.  Although USAA does require calling in to add and remove users. 
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over. 

Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also!

I've got a hunch that A LOT of the guys here are secretly are "double dipping" to max sales.
BOOM! yes I just went there.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 09, 2017, 03:07:41 PM
I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K.  Both cards are over 15 years old.  These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers. 
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month.  So far no issues, an easy way to make some extra money for the 'stache.  Although USAA does require calling in to add and remove users. 
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over. 

Yeah, I think new company would net you more sales, with those cards.  Still, a few hundred extra dollars is awesome anyways.  :)

Quote
Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also!

Awesome!  Love it.  :D

I signed up in December with the new company and got my first sale yesterday. It was on one of my smaller lines but hopefully it builds from here. Woot!

Nice!

Moreover, on those authorized users where I had to upload documents like driver's license to confirm the identity - the Discover card portal would freeze during the upload.

I've never had the freeze problem when uploading AU docs (only done that once, actually, usually for me Discover has me answer a security question about myself after adding the AU, then it adds them, no docs required), but I did when uploading through the CS portal a document for myself (I forget what it was, this was maybe 6 months ago--something to verify income for a credit increase maybe?).

Realized it does that when the file size is too large.  Had to just shrink/decrease the quality and try to upload again.  Could be worth trying if the AU docs upload does that again.

I signed up with the 'old company' in September, with two cards I wasn't using anymore, a USAA card at about 27K, and a Discover at 18K.  Both cards are over 15 years old.  These would seem to be desirable cards, very old credit lines at the upper range of their respective tiers. 
I had two sales on the USAA at the old (much higher) rates, a third sale in January on the USAA, and my first sale on the Discover this month.  So far no issues, an easy way to make some extra money for the 'stache.  Although USAA does require calling in to add and remove users. 
I was hoping to see increased sales since I assume the 'old company' has lost a lot of investors to ARS's new recommendation, but if they don't increase I'll switch over. 

Anyway, huge thanks to ARS for starting this thread, you've increased my wealth and it looks like many others also!

I've got a hunch that A LOT of the guys here are secretly are "double dipping" to max sales.
BOOM! yes I just went there.

You would think so, but Mustachians are pretty honest as a whole, and the companies have asked for this not to happen, for obvious reasons (overselling and getting the card shut down is bad for them, too, not just because the card is no longer available, but because the lines sold on it now post as a closed card, which is bad for their AUs and makes them look bad).

It also doesn't appear to be happening.  I can see sales of people who used me as a referral, and I haven't noticed any sales (though I haven't looked hard) to the same people from both companies, so I'm not seeing any instances of that.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: VladTheImpaler on February 09, 2017, 03:15:36 PM

[/quote]
You would think so, but Mustachians are pretty honest as a whole, and the companies have asked for this not to happen, for obvious reasons (overselling and getting the card shut down is bad for them, too, not just because the card is no longer available, but because the lines sold on it now post as a closed card, which is bad for their AUs and makes them look bad).

It also doesn't appear to be happening.  I can see sales of people who used me as a referral, and I haven't noticed any sales (though I haven't looked hard) to the same people from both companies, so I'm not seeing any instances of that.  :)
[/quote]

That's a relief actually. I am glad that ARS has a way to have a bit of oversight.
Checks and balances are a good thing.
For the record, I obviously have no way of knowing that. Like I said it was just a hunch.
But just to play devil's advocate: What incentive would they have to cop to it, if they thought they could get away with it?

I have 2 cards with the new company and no sales yet.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: solon on February 09, 2017, 03:32:49 PM
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 09, 2017, 03:40:07 PM
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.

Old company has said they do not want cards enrolled at other TL companies, since they have no way to be sure the AUs were verified up to their standards.

I'm confident in it, based on my research, but I understand that position.  So they may not have any way of knowing, but I'd still honor that.

On top of that, if you're turning down AU spots, they're likely to stop giving them to you.

Further, your risk of cancellation is higher, unless you know the formula new company uses for adding/removing AUs and amount of activity on a card per month--e.g. you may use the simpler "max # of AUs" concept, but then if you have more activity of adding/removing based on that, you may get shut down anyways.

It's not something I'd do, personally.

If you really don't care about the card and just want to burn it as quick as possible to make as much as possible in a short timeframe, you can do that.  I'd rather have the card last as long as possible to keep the revenue coming in and maximize the lifetime amount of money.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Optimiser on February 09, 2017, 04:24:22 PM
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.

The agreement that you have to sign for the new company says you won't submit cards that are available to be sold with other companies. I can't speak for the old company.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 09, 2017, 05:47:02 PM
Just a PSA/FYI

The site i'm using has just haulted all BofA adds due to abnormal shutdowns for authorized user activity.  I'm unsure if this will effect the site ARS is recommending but BofA may be making policy changes similar to what Chase does.

It appears BoA is doing something widespread, not just AU shutdowns.

BoA also was cancelling a lot of cards for people (churners) who had a LOT of cards, including duplicates. Not all cards, just what they thought was excessive.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: VladTheImpaler on February 09, 2017, 07:35:57 PM
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.

Old company has said they do not want cards enrolled at other TL companies, since they have no way to be sure the AUs were verified up to their standards.

I'm confident in it, based on my research, but I understand that position.  So they may not have any way of knowing, but I'd still honor that.

On top of that, if you're turning down AU spots, they're likely to stop giving them to you.

Further, your risk of cancellation is higher, unless you know the formula new company uses for adding/removing AUs and amount of activity on a card per month--e.g. you may use the simpler "max # of AUs" concept, but then if you have more activity of adding/removing based on that, you may get shut down anyways.

It's not something I'd do, personally.

If you really don't care about the card and just want to burn it as quick as possible to make as much as possible in a short timeframe, you can do that.  I'd rather have the card last as long as possible to keep the revenue coming in and maximize the lifetime amount of money.

IMHO, ARebs is being too nice.
Just don't do it.
Someone else already stated that it is explicitly against the terms with the new company.
There's no reason to get greedy and goof up.
It's sounds like Chase and BofA are cracking down.
Experian, Transunion, and Equifax sure as hell don't want people selling trade lines either.
Don't be "that guy" who prematurely puts an end to a good thing.


(Steps off soapbox)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 09, 2017, 08:09:17 PM
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.

Old company has said they do not want cards enrolled at other TL companies, since they have no way to be sure the AUs were verified up to their standards.

I'm confident in it, based on my research, but I understand that position.  So they may not have any way of knowing, but I'd still honor that.

On top of that, if you're turning down AU spots, they're likely to stop giving them to you.

Further, your risk of cancellation is higher, unless you know the formula new company uses for adding/removing AUs and amount of activity on a card per month--e.g. you may use the simpler "max # of AUs" concept, but then if you have more activity of adding/removing based on that, you may get shut down anyways.

It's not something I'd do, personally.

If you really don't care about the card and just want to burn it as quick as possible to make as much as possible in a short timeframe, you can do that.  I'd rather have the card last as long as possible to keep the revenue coming in and maximize the lifetime amount of money.

IMHO, ARebs is being too nice.
Just don't do it.
Someone else already stated that it is explicitly against the terms with the new company.
There's no reason to get greedy and goof up.
It's sounds like Chase and BofA are cracking down.
Experian, Transunion, and Equifax sure as hell don't want people selling trade lines either.
Don't be "that guy" who prematurely puts an end to a good thing.


(Steps off soapbox)

+2

Another thing is that if you've mentioned ARS to new company and then treat new company badly (by making them look bad to their customers when you either (a) turn down sales that they've already made on your CL or (b) get your card shut down which negatively affects AUs currently on that card), you're reflecting badly on ARS and the MMM community.  Uncool in my book.

Maybe you'll make a few more sales sooner, but will get shut down sooner and it will cost you more in the long run IMHO.  Pigs get fat, hogs get slaughtered.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on February 10, 2017, 11:01:17 AM
Would there be any problem with being registered at both companies, but using a first come, first served approach? So if I sold a slot through company A, then got a request from company B, I could just turn down company B without adding the AU. That way, I'm more likely to get a sale, but still not double book.
It's in your agreement with "new company" to exclusively offer these cards to them.
I hope people read the stuff they sign ;)
Cannot speak for old company, but once you signed with new company you'd be at least violating one agreement, which I am not interested in in the least bit.

I personally only have one card that qualifies, but I have limited myself voluntarily from the getgo by capping the number of AU's and by asking "new company" to not add last minute AU's because I may need more lead time due to my less connected FIRED lifestyle.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: link_417 on February 11, 2017, 04:39:29 AM
I signed up in December with the new company and got my first sale yesterday. It was on one of my smaller lines but hopefully it builds from here. Woot!

Same story here, except I got my first sale yesterday (and all of my lines are pretty small, I top out at $10.2k). An easy $125, I'll take it! I gave up after the new company sent out that new investor email stating they wanted cards with limits in the tens of thousands. I just went to send a work email and saw an email from the company with my first AU, though, so I guess they're still working through their inventory of the initial flood of cards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 11, 2017, 04:44:32 AM
It's funny how people are speaking out against violating TOS when this entire system is a violation of the TOS of the credit card.  Get off your high horse about that I mean c'mon.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: flower on February 11, 2017, 04:44:55 AM
Can we use business credit cards or only personal credit cards?

I tried searching this thread but couldn't find anything.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 11, 2017, 04:46:41 AM
Can we use business credit cards or only personal credit cards?

I tried searching this thread but couldn't find anything.

Only personal
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 11, 2017, 05:55:47 AM
It's funny how people are speaking out against violating TOS when this entire system is a violation of the TOS of the credit card.  Get off your high horse about that I mean c'mon.

My cc TOS allows me to add and remove AUs, and I am responsible for their purchases. Doesn't require much else.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 11, 2017, 06:08:33 AM
It's funny how people are speaking out against violating TOS when this entire system is a violation of the TOS of the credit card.  Get off your high horse about that I mean c'mon.

Have you actually read your TOS? I'm guessing no. I would love to see the wording that makes adding an AU a violation if you can find it (I couldn't).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Malaysia41 on February 11, 2017, 06:32:16 AM
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on February 11, 2017, 06:33:31 AM
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.

wow that's a good card, i'm surprised.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 11, 2017, 02:50:47 PM
Re: TOS.  I believe it's against Chase's TOS, but not the others, but I could be wrong (on either of those). Anyone wanting to actually read them, feel free.  ;)

Either way, the companies usually don't care for the practice (some more strongly than others) and reserve the right to shut down your accounts with them for any reason, even if you aren't violating any terms of service, so it doesn't matter so much even if it's not violating TOS in terms of potentially being shut down.

Can we use business credit cards or only personal credit cards?

I tried searching this thread but couldn't find anything.

No, business cards don't report the same so they don't help a user's credit score.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Alim Nassor on February 12, 2017, 12:11:37 AM
Hi guys.  Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements?  What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?

Thanks.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 12, 2017, 06:03:34 AM
Hi guys.  Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements?  What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?

Thanks.

You cannot use a card with that high of a utilization.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: baw88 on February 12, 2017, 09:47:51 AM
How long did it take for people to get responses from the new company? I sent them an email on Thursday to sign up and I haven't heard back yet.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ZagNation on February 12, 2017, 10:05:20 AM
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.
Sadly I am in the same boat; Citi card @ $13,200 issued 7/10 and a Discover card @ $29,500 issued 7/14. It's only been a month so although no bites before either closing dates the prior weekend, I am still hopeful and along for the ride!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: N on February 12, 2017, 02:33:19 PM
Hi guys.  Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements?  What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?

Thanks.

I think they want the utilization to be 10% or less of the total limit.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Alim Nassor on February 12, 2017, 03:00:14 PM
Hi guys.  Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements?  What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?

Thanks.

I think they want the utilization to be 10% or less of the total limit.

Thanks.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: merula on February 12, 2017, 05:27:56 PM
Hi guys.  Sorry if my impatience caused me to miss the answer to this question, but does a balance affect the credit limit requirements?  What I mean is, say I have a card with a 12k limit but currently have a 5k balance, does that change anything?

Thanks.

I think they want the utilization to be 10% or less of the total limit.

My email from the owner said: Also, it's important that the current balances on the cards in use with us are paid down to 15% or less of their respective credit limits by the due date each month.

[MOD EDIT: Removed company info.]
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Roots&Wings on February 13, 2017, 05:30:10 AM
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.
Sadly I am in the same boat; Citi card @ $13,200 issued 7/10 and a Discover card @ $29,500 issued 7/14. It's only been a month so although no bites before either closing dates the prior weekend, I am still hopeful and along for the ride!

Same. Two $22k older cards and a $41k limit newer card with no bites :( The market seems to be flooded. But will see!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on February 13, 2017, 06:11:07 AM
I signed up with new company a month ago with a 20k limit, 8 year old Cap One card. No bites yet. :(.
Sadly I am in the same boat; Citi card @ $13,200 issued 7/10 and a Discover card @ $29,500 issued 7/14. It's only been a month so although no bites before either closing dates the prior weekend, I am still hopeful and along for the ride!

Same. Two $22k older cards and a $41k limit newer card with no bites :( The market seems to be flooded. But will see!

The company clearly has been slammed with so many good cards. I have no idea if they can handle all this volume.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 13, 2017, 06:17:08 AM
The market seems to be flooded. But will see!

I have no idea if they can handle all this volume.

No, not fully, but I think better than any other tradeline company.

The problem is that it's a small market in general.

I think new company's plan is to work on marketing for AUs through their affiliate network once they have the portal up and running (the beta is up, and some fixes are being done).

I can say that last month, even though new company really only started a week or two into the month new company had 60% more sales (for the ones I can see, Mustachians who used me as a referral) than old company, and in February have 3x as many sales as old company so far.  Now granted, more may be enrolled now with new company, but there's still plenty enrolled at old company, and they just aren't seeing much sales as well.

Overall, like I said, keeping it quiet would lead to more personal sales, but less net sales for Mustachians.

We may max out the fairly small market, but even even the sales are spread out among us, better than them going to consumers who will blow it.  ;)

There are other companies you can use, but they're outside my comfort zone.  I'd rather have infrequent sales with a good company than lots of sales (and then shutdowns) with a bad one. But it is an option.  I do think sales will pick up with new company.  All in all, it's been a month and a half.  We'll reevaluate in a few months, but quite a few people are seeing sales, so it's just being patient and waiting, for now.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 13, 2017, 07:56:24 AM
I only have one card but have been happy with my sales. I'm certainly not expecting an explosion of income. Heck I am ok with one or two sales every now and then. I just treat it as unexpected income and it flows right into investments.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 13, 2017, 08:06:37 AM
New site owner doesnt respond to my emails and has not sold anything on the cards i've enrolled.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HAPPYINAZ on February 13, 2017, 08:50:21 AM
No sales for me yet either, but I am still hopeful.  For me the owner often doesn't respond to email, but I have been able to get him on the phone. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 13, 2017, 09:27:45 AM
Huh.  I've gotten replies to all my emails and have had three sales with the new company so far.  I did sign up with the new company ASAP and have old cards with big lines, but beyond that I don't know how new company picks which specific cards get the sales (or if the actual AUs pick the cards).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 13, 2017, 09:36:04 AM
Huh.  I've gotten replies to all my emails and have had three sales with the new company so far.  I did sign up with the new company ASAP and have old cards with big lines, but beyond that I don't know how new company picks which specific cards get the sales (or if the actual AUs pick the cards).

i signed up early as well still havent heard crap.  i know they are busy but they are making a ridiculous amount of money.  how much does it cost to have a person be CS at this point even temp if he is that busy.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 13, 2017, 09:40:47 AM
Huh.  I've gotten replies to all my emails and have had three sales with the new company so far.  I did sign up with the new company ASAP and have old cards with big lines, but beyond that I don't know how new company picks which specific cards get the sales (or if the actual AUs pick the cards).

i signed up early as well still havent heard crap.  i know they are busy but they are making a ridiculous amount of money.  how much does it cost to have a person be CS at this point even temp if he is that busy.

It took him 3 or 4 days to respond back to an email I sent. He stated he is swamped with work (I am sure sign-ups and what not) and trying to get the site up and running. Sounds like maybe he could use more help though. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 13, 2017, 09:49:31 AM
Huh.  I've gotten replies to all my emails and have had three sales with the new company so far.  I did sign up with the new company ASAP and have old cards with big lines, but beyond that I don't know how new company picks which specific cards get the sales (or if the actual AUs pick the cards).

i signed up early as well still havent heard crap.  i know they are busy but they are making a ridiculous amount of money.  how much does it cost to have a person be CS at this point even temp if he is that busy.

He does have a helper. They've been very efficient in responding to my emails. Sorry to hear you haven't had the same experience.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on February 13, 2017, 11:27:48 AM
I just got the initial e-mail out to them.  I'll be anxiously waiting for the response to get this ball rolling!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: baw88 on February 13, 2017, 12:25:59 PM
sw1tch when did you send them your first email?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on February 13, 2017, 12:30:43 PM
sw1tch when did you send them your first email?

I actually just sent it today.  So from what others are saying, I probably have a while to wait for a response.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: baw88 on February 13, 2017, 12:43:36 PM
sw1tch when did you send them your first email?

I actually just sent it today.  So from what others are saying, I probably have a while to wait for a response.
Ah right. For some reason I thought your first post was that you got the initial email out OF them not out TO them. I guess I'm just curious to see how long it takes other people to hear back since I've been waiting since Thursday.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on February 13, 2017, 01:41:55 PM
ITT: a bunch of mustachians looking a gift horse in the mouth. ;)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 13, 2017, 03:33:32 PM
It can be a drag waiting for the gift horse to arrive.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Malaysia41 on February 13, 2017, 09:58:03 PM
It can be a drag roller-coaster ride waiting for the gift horse to arrive.  :)
FTFY ;)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: baw88 on February 14, 2017, 07:18:44 AM
It can be a drag waiting for the gift horse to arrive.  :)
Haha yes, I know I'm impatient but everyone here keeps describing this super great gift horse that spits out hundreds of dollars a month...I just want to see the gift horse too. I'm ok with waiting a month or two for the cash spigot to start flowing.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Car Jack on February 14, 2017, 11:39:30 AM
It can be a drag waiting for the gift horse to arrive.  :)
Haha yes, I know I'm impatient but everyone here keeps describing this super great gift horse that spits out hundreds of dollars a month...I just want to see the gift horse too. I'm ok with waiting a month or two for the cash spigot to start flowing.

<twiddling thumbs>  Yah, been waiting about a month.  Paperwork all done and sent in.  <twiddling thumbs some more>
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: PennySaved75 on February 14, 2017, 11:55:31 AM
Don't get your hopes up too high.  I registered six cards in December, got the first and only AU add so far on Jan 11 and have not gotten any other requests to add AUs.  The influx of new folks willing to sell tradelines may dilute the "cash spigot" somewhat.

Two of my cards were Chase cards, so that probably makes it less likely that those would get picked.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Ensign1999 on February 14, 2017, 12:08:22 PM
Posting to follow
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 14, 2017, 01:30:57 PM
I know the feeling. Also added 6 cards, had three adds right out of the gate, now... crickets.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Roothy on February 14, 2017, 01:52:59 PM
If I were to get a few hundred bucks a year, that's a few hundred more bucks than I would have had otherwise.  This is free money.  It seems churlish to complain.  (That said, I'm still waiting on nibbles myself--three cards registered, all with high limits, and one fifteen years old.)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Malaysia41 on February 14, 2017, 02:04:27 PM
It's not complaining. I was asking if others were having similar experiences and expressing a tinge of disappointment. That's all. I think we all agree this money is a nice perk when it arrives.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 14, 2017, 02:48:36 PM
It's not complaining. I was asking if others were having similar experiences and expressing a tinge of disappointment. That's all. I think we all agree this money is a nice perk when it arrives.

Definitely!  No worries.  :)

They're busy at the moment working on the portal (a few of us have used the beta and given feedback--not to actually get any sales, so don't worry about being left out of that, but just to create a login, see the process of adding cards to it, etc.) on top of their normal activity, so stuff is happening, it's just not visible yet.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 15, 2017, 04:32:10 AM
Yeah, totally not complaining - just anxiously awaiting! Even if the $500 I get from those three adds were all I get this year, it's $500 more than I had for almost no effort!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on February 15, 2017, 07:50:02 AM
Just a quick update about my correspondence with the owner:

I got a reply later that same day with all the docs, FAQ's, etc.  I just e-mailed him back (1.5 days later) with photos of the forms and am waiting for the confirmation that I didn't miss anything.

I know I probably have another month until I might get any hits but just thought I'd share where my situation is at.  Happy piggybacking!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: thepokercab on February 15, 2017, 08:30:38 AM
Pretty much the same story here.  Submitted all my paper work on January 11th, but no adds here.  The owner said at the time it would probably be February until I got anything, so i'm not worried either way.  Its basically free money.  It would be nice to get some, but if I don't, oh well.   
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 15, 2017, 09:03:53 AM
For those who have gotten sales but have not yet gotten paid (like me), ARS and I are currently asking new company owner about the payment schedule and will post an update here when we find out.

Just trying to save the new company owner replying to fifty or a hundred emails asking the same thing :-)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 15, 2017, 11:24:50 AM
For those who have gotten sales but have not yet gotten paid (like me), ARS and I are currently asking new company owner about the payment schedule and will post an update here when we find out.

Just trying to save the new company owner replying to fifty or a hundred emails asking the same thing :-)

I emailed him about payment probably 1.5 weeks ago. He emailed me back at the end of last week and said it should be in my account within a couple of business days. It showed up the next day. Just a data point.

I wouldn't bank on getting paid at 4 weeks after the add. Factor in a week or two leeway in there. Especially with how busy they are. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Roothy on February 15, 2017, 01:29:11 PM
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow. 

But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when."  He says that while a few people have done this for a few years, eventually, any card you use WILL get closed.  That was a stronger prediction than I ever heard on this thread.

Has anyone had any cards closed?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ditkanate on February 15, 2017, 02:19:49 PM
Sent ARS a PM for the company info.  Looking forward to getting started with this. 

Last year I called US Bank and had them move my Flexperks Visa card ($95 annual fee) over to a no-fee American Express since I wasn't actively using the card anymore.  Wonder if they would let me switch that over to a card that would be eligible for this.  I have some other cards that will work too, but this is my oldest card with the highest credit line, so I'd like to be able for it to participate. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 15, 2017, 03:39:20 PM
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow. 

But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when."  He says that while a few people have done this for a few years, eventually, any card you use WILL get closed.  That was a stronger prediction than I ever heard on this thread.

Has anyone had any cards closed?

Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.

Nope, no Mustachians have had any cards closed doing it for the last 7 months.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Alim Nassor on February 15, 2017, 05:09:24 PM
I'm guessing the slow sales are much more related to them being swamped, than to the market being swamped.  I'd bet that there are lots more folks who need help with their credit, than have good credit and are willing to sell a trade-in.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Alim Nassor on February 15, 2017, 05:12:12 PM
Couple of more questions for anyone who can answer them.   I was reading the info on my Citicard, it said any AU has access to my CC information.   Is that true when using this middleman?

And another one,  what happens if an AU pulls his credit report.   Is there any info on it now that he could use to steal my identity?  Do credit reports show the full card number, or any other useful info?


Thanks.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 15, 2017, 06:29:28 PM
Couple of more questions for anyone who can answer them.   I was reading the info on my Citicard, it said any AU has access to my CC information.   Is that true when using this middleman?

And another one,  what happens if an AU pulls his credit report.   Is there any info on it now that he could use to steal my identity?  Do credit reports show the full card number, or any other useful info?


Thanks.

They certainly will have your address show up on their credit report. Full account numbers aren't shown on credit reports.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 15, 2017, 06:33:33 PM
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow. 

But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when."  He says that while a few people have done this for a few years, eventually, any card you use WILL get closed.  That was a stronger prediction than I ever heard on this thread.

Has anyone had any cards closed?

This is why ARS says only use cards that you don't care if they might get closed. He's not using Chase for that reason. If I can get a few grand out of AU's on my chase card, that beats the pants off of any future sign up bonus @ Chase. You also ahve to assume that if you get an account closed for this that you'll get black listed. This is why I don't have my USAA card enrolled. it's not worth messing up my auto insurance. And certainly don't use a bank that you have major deposits at as you wouldn't want your funds to be temporarily frozen.

I have plenty of credit cards at issuers that they don't work with, so I'm not concerned about losing access to all of my credit. (Amex, Navy Fed, PenFed, and other credit unions, plus the aforementioned USAA which I won't be enrolling), so I'm not worried if the enrolled cards get closed, but I trust that they will do whatever they can to minimize closure probability by not giving you too many AU's all at once and such.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 16, 2017, 05:24:52 AM
I'm guessing the slow sales are much more related to them being swamped, than to the market being swamped.  I'd bet that there are lots more folks who need help with their credit, than have good credit and are willing to sell a trade-in.

Sure, but the challenge is finding them, and letting them know it exists.  How many people had heard about buying an AU spot from a stranger before this thread.

The current market isn't those who need to improve their credit, it's those who know about this method, and have reason to pay for it.  The potential market is all of the former, but the ones adding AUs is the latter.

+1 to TJ on the rest.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: wienerdog on February 16, 2017, 06:49:31 AM
Two of my cards were Chase cards, so that probably makes it less likely that those would get picked.

He pretty much told me don't bother with my two Chase cards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 16, 2017, 08:38:28 AM
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow. 

But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when."  He says that while a few people have done this for a few years, eventually, any card you use WILL get closed.  That was a stronger prediction than I ever heard on this thread.

Has anyone had any cards closed?

Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.

Nope, no Mustachians have had any cards closed doing it for the last 7 months.  :)

This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoodedfalcon on February 16, 2017, 09:06:50 AM
This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.

I only have my USAA card enrolled and I would also be shocked if they blacklisted me entirely. I have car insurance, home insurance, checking, savings, car loan, and a mutual fund with them. But similarly, I will be moving away from using my USAA card once I have some other cards ready to go.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 16, 2017, 10:11:35 AM
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow. 

But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when."  He says that while a few people have done this for a few years, eventually, any card you use WILL get closed.  That was a stronger prediction than I ever heard on this thread.

Has anyone had any cards closed?

Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.

Nope, no Mustachians have had any cards closed doing it for the last 7 months.  :)

This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.

I wouldn't be surprised. You're using their credit card to circumvent their industry-wide standard risk management in the form of credit analysis. This is not normal credit card consumer behavior. That's why it is so lucrative. I've seen people get blacklisted from credit card issuers for manufactured spending which is drastically more tame than this IMO. Maybe you get a warning first, but never a guarantee.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: robartsd on February 16, 2017, 11:04:32 AM
I wouldn't be surprised. You're using their credit card to circumvent their industry-wide standard risk management in the form of credit analysis. This is not normal credit card consumer behavior. That's why it is so lucrative. I've seen people get blacklisted from credit card issuers for manufactured spending which is drastically more tame than this IMO. Maybe you get a warning first, but never a guarantee.
I think the most likely outcome if this becomes too much of a problem for the industry would be to report how long someone has been an AU on an account rather than how old the account is. I believe this is already how American Express reports which is why American Express accounts are not useful for tradeline sales.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on February 16, 2017, 11:44:42 AM
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow. 

But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when."  He says that while a few people have done this for a few years, eventually, any card you use WILL get closed.  That was a stronger prediction than I ever heard on this thread.

Has anyone had any cards closed?

Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.

Nope, no Mustachians have had any cards closed doing it for the last 7 months.  :)

This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.

I wouldn't be surprised. You're using their credit card to circumvent their industry-wide standard risk management in the form of credit analysis. This is not normal credit card consumer behavior. That's why it is so lucrative. I've seen people get blacklisted from credit card issuers for manufactured spending which is drastically more tame than this IMO. Maybe you get a warning first, but never a guarantee.

Sure there are some hardcore churners out there who do massive amounts of MS. I wouldn't be surprised by that. If you go "balls to the walls" on opportunities likes this, you are more likely to draw attention to yourself and get blacklisted. I still churn using MS, but not very often. I doubt my level of churning sends up any red flags. I am keeping my level of piggybacking the same way.

I'll do a bit more with cards I don't care to get shut down, when they come of age. If USAA decides to blacklist me, oh well. There are plenty of local banks and insurance companies that will gladly take my money. I highly doubt it will come to that, but if it does, no biggie.   
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 16, 2017, 11:44:53 AM
So I got word back that they have my materials, but that given the number of new cards they have, sales are likely to be very slow. 

But he said something interesting, and forcefully: he said closure of the cards is not a matter of "if," but only "when."  He says that while a few people have done this for a few years, eventually, any card you use WILL get closed.  That was a stronger prediction than I ever heard on this thread.

Has anyone had any cards closed?

Yep, eventually cards will likely close. If card closure is not an outcome that is worth risking, definitely don't do tradeline sales.

Nope, no Mustachians have had any cards closed doing it for the last 7 months.  :)

This is actually why I hope sales are a bit slow. I only have my USAA card enrolled. But I have had accounts and insurance with them for close to 2 decades. I would be surprised if they suddenly decided to close all my accounts over this since they would essentially be losing me as a long term customer and someone they make money off of. I will probably drop my USAA card from tradelines once a couple other cards come of age soon.

I wouldn't be surprised. You're using their credit card to circumvent their industry-wide standard risk management in the form of credit analysis. This is not normal credit card consumer behavior. That's why it is so lucrative. I've seen people get blacklisted from credit card issuers for manufactured spending which is drastically more tame than this IMO. Maybe you get a warning first, but never a guarantee.

I would not consider hardcore MS 'more tame' - MS is directly taking cash out of their pockets. This is more indirect,if at all negative for the cc issuer.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 16, 2017, 03:25:10 PM
I think the most likely outcome if this becomes too much of a problem for the industry would be to report how long someone has been an AU on an account rather than how old the account is. I believe this is already how American Express reports which is why American Express accounts are not useful for tradeline sales.

Yep.  On the AU's credit report, the "open" date is the date they were added as AU. So it's aged 0 at first, which makes Amex not helpful to boost AU's average age.  I too wouldn't be surprised to see other cards go this way, and no longer be useful.  Hopefully not though.  ;)

Sure there are some hardcore churners out there who do massive amounts of MS. I wouldn't be surprised by that. If you go "balls to the walls" on opportunities likes this, you are more likely to draw attention to yourself and get blacklisted. I still churn using MS, but not very often. I doubt my level of churning sends up any red flags. I am keeping my level of piggybacking the same way.

I'll do a bit more with cards I don't care to get shut down, when they come of age. If USAA decides to blacklist me, oh well. There are plenty of local banks and insurance companies that will gladly take my money. I highly doubt it will come to that, but if it does, no biggie.   

Yep, this is the attitude I have.

If they cancel, oh well.  That's something you have to be okay with if you sell TLs.

Luckily, cancellations are rare.  If you do a bunch of TLs all the time, they'll happen.  Eventually, likely years down the road, if you're steadily doing some, they'll likely happen.  If you occasionally get a sale every few months?  I'd be very surprised, as long as the AU is vetted and a real person, not fraud (i.e. other companies that don't very the same can get you shut down after a single add, if there's a problem with it).

I would not consider hardcore MS 'more tame' - MS is directly taking cash out of their pockets. This is more indirect,if at all negative for the cc issuer.

Agreed, which is why I think you're much more likely to get a card shut down, but not blacklisted. AFAIK, no one's been blacklisted anywhere, except Chase (why I don't currently use them--I have 500k+ UR points I'd rather not potentially lose).  Otherwise I'd consider using Chase.

Speaking of Chase...

Two of my cards were Chase cards, so that probably makes it less likely that those would get picked.

He pretty much told me don't bother with my two Chase cards.

Here's the thing with Chase cards:
They're a pain in the rear for AU companies.  That's why old company doesn't take them at all, and it's only worth using if they're really good cards (really old and/or really high limits) for the new company.

To get them to report correctly, the AU needs to buy a TL slot on the Chase and on another card by the same person (so you can't only enroll a Chase).  So that's more expensive, so automatically rarer that you'll see that sale.  Even then, it may not report.

So here's the strategy with Chase cards:
Transfer all your credit (leaving a few hundred bucks) onto one Chase "super" card--the one with the oldest limit.

So say you have 3 Chase cards with limits of $18k, 22k, and 7k.  If the 7k is the oldest, transfer 17k and 21k of credit to it, making it a 45k card (and the others 1k and 1k) with a long credit history.

Enroll that.

That's more likely to get sales than other dinky ones, which likely won't.

I mean, if you have a single 20k+ Chase (and another card enrolled), it doesn't HURT to enroll it, I just wouldn't expect to see many sales on it.

Having only one Chase enrolled also decreases your risk they shut you down.

Whereas if those were Barclays, I'd probably transfer credit from the youngest to the two oldest to get two of them over 20k (one of them being the original 7k card, since that was the oldest, keep the newest one at 1k), and then work on bumping the limits on all 3 so I could transfer credit around to get all three enrolled, two at > 20k, one at > 10k.

Hope that helps, for those of you wondering about Chase!

It's nice that they're still taking them, but sales will still be slow (but luckily if you do get a Chase sale, it comes with one on another card).  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: frozen on February 16, 2017, 04:31:06 PM
Has anyone found a way to itemize deductions associated with this gig?
 I made almost $4K last year with this gig and I am working on my taxes right now with TurboTax.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 16, 2017, 08:32:34 PM
Has anyone found a way to itemize deductions associated with this gig?
 I made almost $4K last year with this gig and I am working on my taxes right now with TurboTax.

See here:

http://forum.mrmoneymustache.com/taxes/small-business-and-miscellaneous-income-best-practices/

Short answer:  if you do a schedule C, you'll be able to deduct expenses against income.  You'll pay income tax on your net profit, plus probably self-employment taxes given the amount you earned.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ditkanate on February 17, 2017, 12:11:42 PM
Was able to enroll 2 cards in the program today.  The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up.  I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump.  Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k.  Citi and Discover were unwilling to move credit lines from one card to another.  So I'm stuck with 2 separate Discover cards with limits in the $8,000 range.  Frustrating.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 19, 2017, 12:55:33 PM
Was able to enroll 2 cards in the program today.  The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up.  I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump.  Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k.  Citi and Discover were unwilling to move credit lines from one card to another.  So I'm stuck with 2 separate Discover cards with limits in the $8,000 range.  Frustrating.

Patience. You can get a CL increase from Discover every 60 days.

After that, you can get FAR more sales with 2 cards than one.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 19, 2017, 01:13:13 PM
Was able to enroll 2 cards in the program today.  The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up.  I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump.  Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k.  Citi and Discover were unwilling to move credit lines from one card to another.  So I'm stuck with 2 separate Discover cards with limits in the $8,000 range.  Frustrating.

Patience. You can get a CL increase from Discover every 60 days.

After that, you can get FAR more sales with 2 cards than one.

Did you have a place to add a desired Credit Limit with them? After 60 days I filled out the form with my income etc, but it said it will take a few days to review. They increased me, but I was hoping to request more.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 19, 2017, 05:01:59 PM
Was able to enroll 2 cards in the program today.  The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up.  I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump.  Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k.  Citi and Discover were unwilling to move credit lines from one card to another.  So I'm stuck with 2 separate Discover cards with limits in the $8,000 range.  Frustrating.

Patience. You can get a CL increase from Discover every 60 days.

After that, you can get FAR more sales with 2 cards than one.

Did you have a place to add a desired Credit Limit with them? After 60 days I filled out the form with my income etc, but it said it will take a few days to review. They increased me, but I was hoping to request more.

Huh. I just do it on the website and it is typically instant.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on February 19, 2017, 06:10:59 PM
Was able to enroll 2 cards in the program today.  The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up.  I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump.  Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k.  Citi and Discover were unwilling to move credit lines from one card to another.  So I'm stuck with 2 separate Discover cards with limits in the $8,000 range.  Frustrating.

Patience. You can get a CL increase from Discover every 60 days.

After that, you can get FAR more sales with 2 cards than one.

Did you have a place to add a desired Credit Limit with them? After 60 days I filled out the form with my income etc, but it said it will take a few days to review. They increased me, but I was hoping to request more.

Discover doesn't allow you to suggest a limit or increase amount.  In my experience, they evaluate your inputs (income, mortgage, maybe something else like assets) and respond immediately.  If they do not, I believe they will indicate it will be a hard pull and give you an option to accept or decline.

Hope that helps.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 19, 2017, 06:36:34 PM
Was able to enroll 2 cards in the program today.  The email I received said they are taking cards that are over 2 years old with limits of $10,000 and up.  I've got a couple more cards that are close to eligible, but I have to wait a few months to request another credit line bump.  Had some luck with Chase shuffling my credit lines around so that one of my cards went up over $10k.  Citi and Discover were unwilling to move credit lines from one card to another.  So I'm stuck with 2 separate Discover cards with limits in the $8,000 range.  Frustrating.

Patience. You can get a CL increase from Discover every 60 days.

After that, you can get FAR more sales with 2 cards than one.

Did you have a place to add a desired Credit Limit with them? After 60 days I filled out the form with my income etc, but it said it will take a few days to review. They increased me, but I was hoping to request more.

Discover doesn't allow you to suggest a limit or increase amount.  In my experience, they evaluate your inputs (income, mortgage, maybe something else like assets) and respond immediately.  If they do not, I believe they will indicate it will be a hard pull and give you an option to accept or decline.

Hope that helps.

I had your experience 2 months ago, where you could put a higher amount if the suggestes amount wasn't enough, but this time, I didn't have that option at all. It just went straight to pending and sent me an email approval regarding a token increase. Wonder if they didn't pull a hard ?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shade00 on February 20, 2017, 12:17:33 PM
I'm pretty sure Discover never does a hard pull without getting your consent. So if you got an approval without asking for your consent to do the hard pull, they did at most a soft pull.

I did a Discover CLI at the end of November. Recently tried again and got shut down - "not enough experience" with the new credit limit. I have a calendar reminder to try again at the 90-day mark.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MsFrugalista on February 20, 2017, 06:55:14 PM
Just got an email to sign up for new company's portal! Glad it's up and running. Still no sales with this company, but I only have 1 card that is worthy of sales, so not complaining (I've been getting sales with old company). Portal is a bit clunky, but better than nothing.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on February 20, 2017, 09:57:15 PM
Does anyone know if Capital One ever transfers credit limits between cards? I did an online chat and was told no, but it may be worth it to call someone tomorrow.

I have a relatively new card with a high limit, and an older one with a low limit. Would love to move some of that limit over to the old one.

Yes you can. More info here: http://www.doctorofcredit.com/rules-for-reallocating-your-credit-limit-with-each-credit-card-issuer/
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 20, 2017, 10:08:48 PM
Just got an email to sign up for new company's portal!

Yep!  :)

If you did not get this email:
A) No need to panic,
B) No need to post or email the company about it.

Current status is: they are sending out emails in batches to not overwhelm the portal with everyone signing up for it at once.  So some people will have gotten an email (a small percent of Mustachians, around 10%, I believe) today, and then more will get it over the next few days.

I'd guess everyone will get it within the next week or two.

It won't affect your sales, as right now the portal is up, but they're still doing the manual email AU adds (just got a sale myself yesterday), so if you aren't signed up for the portal until a bit later, no worries, it won't affect you monetarily.  Once they have everyone in the portal system, they'll start using that exclusively, so when you do get the email, make sure you go sign up.

As with my disclaimer in the OP, there will be a place to select me/MMM forums as the referrer.  If you select this, you'll get the higher payout rate on select categories, as mentioned (and my referral will not make you paid any less, but rather more). However, there is no obligation to select it, I believe you can leave that field blank.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: flashflooder on February 21, 2017, 05:48:07 AM
I see a spot for uploading documents on the portal (W9, Cardmember Agreement, etc.)  I'm assuming I don't have to upload again since I already sent it via e-mail?

Also, I added my cards last night and they all say "Pending Activation".  Does that mean I just wait?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 21, 2017, 06:03:23 AM
Yes to both.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: solon on February 21, 2017, 02:40:58 PM
I went through a round of credit limit increase requests yesterday. I was successful; I got several thousand dollars more credit. But all of them asked why I wanted the increase. I told them I was thinking of starting a new business and wanted to have some extra credit available.

I'm new at this, though. What do I say in three months when I ask for another increase? If I give them the same reason, but they see that I haven't been charging anymore since my last increase, won't they think that's odd? How many times can I tell them I'm starting a new business, without actually charging any more on my cards, before they see through my little game?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: aetherie on February 21, 2017, 02:46:54 PM
I went through a round of credit limit increase requests yesterday. I was successful; I got several thousand dollars more credit. But all of them asked why I wanted the increase. I told them I was thinking of starting a new business and wanted to have some extra credit available.

I'm new at this, though. What do I say in three months when I ask for another increase? If I give them the same reason, but they see that I haven't been charging anymore since my last increase, won't they think that's odd? How many times can I tell them I'm starting a new business, without actually charging any more on my cards, before they see through my little game?

I've only been asked once, and I just said I'd been doing some reading on credit scores and learned that it's important to have a good utilization ratio and higher limits help with that, so could I please have a higher limit. It worked.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 21, 2017, 02:54:51 PM
Or tell them you just want to have more available credit.  They don't care, and don't check back months ago to previous requests. They're just filling a box.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ss17 on February 21, 2017, 04:42:38 PM
Well, I guess I must be the 1'st to get my card closed with the new company.  I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity."  I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month.  I'm wondering if I'll get paid for anything now?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Malaysia41 on February 22, 2017, 12:53:31 PM
Well, I guess I must be the 1'st to get my card closed with the new company.  I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity."  I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month.  I'm wondering if I'll get paid for anything now?

Ruh roh.  We have a 45k 1996 BofA with old company. Maybe we'll play it cool for a month or two.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 22, 2017, 12:55:44 PM
Well, I guess I must be the 1'st to get my card closed with the new company.  I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity."  I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month.  I'm wondering if I'll get paid for anything now?

you need to inform the new company..  the site i currently use is having similar issues come in they've haulted all BofA sales.  Basically sounds to me like BofA is now dead for Tradelines. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 22, 2017, 01:25:14 PM
Well, I guess I must be the 1'st to get my card closed with the new company.  I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity."  I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month.  I'm wondering if I'll get paid for anything now?

Ick. 

Sorry.  =/

Can you CC me (you should have my email from the original referral info, but if not, PM me for it) when you message the tradeline company about it (or, if you've already messaged them, forward to me), so I can be in the loop as well?

I also just emailed them separately, and will keep everyone in the loop.

Ruh roh.  We have a 45k 1996 BofA with old company. Maybe we'll play it cool for a month or two.

I have multiple B of As enrolled between my wife and I, including a 45k card I added an AU to about 4 days ago.  =/

Well, this was one of the risks... I'll be interested to see how it plays out.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HAPPYINAZ on February 22, 2017, 02:31:50 PM
Sad to hear of the BofA issues.  I have one I was hoping to make some sales on. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: BikeFanatic on February 22, 2017, 03:01:52 PM
I signed up on the new portal today. They now only take cards that are 2 years old so my 18 months old cards I did not try to enroll. Hopefully this summer I can enroll those cards as they mature to 2 years. AT least I have my wife's 7 year old card and that is the only tradeline offer I have received thus far.
Thank you Arebelspy I did put you down as my referral.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on February 22, 2017, 03:06:47 PM
I signed up on the new portal today. They now only take cards that are 2 years old so my 18 months old cards I did not try to enroll. Hopefully this summer I can enroll those cards as they mature to 2 years. AT least I have my wife's 7 year old card and that is the only tradeline offer I have received thus far.
Thank you Arebelspy I did put you down as my referral.

I added 2 of my cards that were 18-20 months since they were previously accepted (by email from the owner).  I guess we'll see if they continue to take them.  You might want to add them or email asking.  If they get rejected, I will update my post to advise.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 22, 2017, 03:25:17 PM
Heard back from the TL company.

They think the issue was that apparently there was an extra AU on the card (ss17's wife as an AU), so he went above the limit of 3 they do, to 4 total, which caused the cancellation.  Very important to tell them if any AUs are on there.  That's their best guess (no way to tell for sure, obviously).  This is the soonest they've seen a card shut down.

They haven't seen any systematic B of A shutdowns.

Citi is apparently doing an audit right now and shutting down some cards, and they've talked with several other TL companies who are seeing the same thing.

In their experience (~10 years in business), it happens every once in awhile (about every 18 to 24 months), for a month or two, then calms back down for awhile.

I signed up on the new portal today. They now only take cards that are 2 years old so my 18 months old cards I did not try to enroll. Hopefully this summer I can enroll those cards as they mature to 2 years. AT least I have my wife's 7 year old card and that is the only tradeline offer I have received thus far.
Thank you Arebelspy I did put you down as my referral.

I added 2 of my cards that were 18-20 months since they were previously accepted (by email from the owner).  I guess we'll see if they continue to take them.  You might want to add them or email asking.  If they get rejected, I will update my post to advise.

+1. Can't hurt to add them.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: charuhans on February 22, 2017, 04:00:36 PM
My first add was a dud :( Citi could not verify the SSN for the AU and I had a lengthy phone call with their Fraud Department. Citi told me that they will sent me a form in the mail which I will have to complete and attach a copy of the SSN card of the AU and mail it back to them. But the AU was added to the card without the SSN. I relayed the information to the company and they told me to ignore the form and do nothing (leave the AU on the card).

This should not have happened since per the company they do a verification of the SSN of all their customers before sending them out for addition, huh!

Have since added 2 AUs to the same card without any problems. But now with the Citi Audit not sure when the card will be shut down.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 22, 2017, 04:03:53 PM
My first add was a dud
...
Have since added 2 AUs to the same card without any problems.

Weird. The latter two tends to happen much more often. Adds that don't post happen, but infrequently (I'd guess maybe 1 in 20?).

Quote
But now with the Citi Audit not sure when the card will be shut down.

Yeah, I'm curious to see how the various companies play out (B of A, Citi, etc.).  Crossing my fingers!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Fireball on February 22, 2017, 08:06:36 PM
This should not have happened since per the company they do a verification of the SSN of all their customers before sending them out for addition, huh!

Weird. Easiest explanation is they don't verify the SSN in the IRS database, but maybe there's another possibility.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Smokystache on February 22, 2017, 08:24:29 PM
It isn't clear from the email - do I need to create 2 different accounts for my cards and my wife's on the new portal? Maybe I missed a note about it. Thought I might get a quicker reply here.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 22, 2017, 08:29:28 PM
It isn't clear from the email - do I need to create 2 different accounts for my cards and my wife's on the new portal? Maybe I missed a note about it. Thought I might get a quicker reply here.

Did you originally sign two agreements?

I did two different accounts for my wife and I, as we have different SSNs for payment (though I used the same email--just a different username, phone, and bank account for payment on both).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Smokystache on February 22, 2017, 08:30:50 PM
Holy cow you're fast ... yes, we did sign two agreements. I'll go ahead and set up a second account just for hers.
Thanks!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 22, 2017, 08:32:39 PM
Haha. As the large number under my username indicates, having something to do all day in FIRE isn't a problem for me. ;)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on February 22, 2017, 10:25:51 PM
I received the email to add my cards.  I also participated in the beta. 

As when helping test the beta, when i submit all my info for a card, i click "Save" and no card is added.  I then click "Exit" and no card is added.

Is there some magic I'm supposed to do to get my cards added?  I emailed them about 10 days ago with this issue and never heard back.

Any suggestions for those that have been able to get this to work?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 22, 2017, 11:27:50 PM
Once you add a card, it should show up as "pending" in the my cards section.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 23, 2017, 04:35:36 AM
Updated information regarding payouts:

Currently it happens roughty one month after your close (as mentioned in my comparison post)--usually within a few days, after they check everything posted correctly.  So those of you with January adds should see payment any time, if you haven't yet.

It may switch to the end of the following month, the way new company does it, due to the way the system is structured with the new portal.  I'll update the original posts if and when that happens.

So for now, payouts from the manual emails should be arriving about a month after you add them.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 23, 2017, 04:50:27 AM
I received the email to add my cards.  I also participated in the beta. 

As when helping test the beta, when i submit all my info for a card, i click "Save" and no card is added.  I then click "Exit" and no card is added.

Is there some magic I'm supposed to do to get my cards added?  I emailed them about 10 days ago with this issue and never heard back.

Any suggestions for those that have been able to get this to work?

Have you tried using a different browser?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kpd905 on February 23, 2017, 05:45:03 AM
I had to switch to Firefox when I signed up because the pop up box to enter my information was cut off and I couldn't see the line for my first name.  People with bigger screens or higher resolution probably won't have a problem.

I also really like the green loading bar on the new interface, it reminds me of computer games from the early 90s.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: aetherie on February 23, 2017, 05:45:39 AM
I received the email to add my cards.  I also participated in the beta. 

As when helping test the beta, when i submit all my info for a card, i click "Save" and no card is added.  I then click "Exit" and no card is added.

Is there some magic I'm supposed to do to get my cards added?  I emailed them about 10 days ago with this issue and never heard back.

Any suggestions for those that have been able to get this to work?

I just got the email this morning and am having the same problem as you. I tried both Chrome and Firefox. I click the button, nothing happens, and nothing shows up in "my cards".
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 23, 2017, 06:03:37 AM
Check your popup settings - if you've got them set to the most restrictive, it could be blocking the popup asking if all the information is correct. You have to click "Yes" on that before you'll get the cool 90's video game loading bar.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: aetherie on February 23, 2017, 06:13:24 AM
Check your popup settings - if you've got them set to the most restrictive, it could be blocking the popup asking if all the information is correct. You have to click "Yes" on that before you'll get the cool 90's video game loading bar.

Ah, good call. Now I'm getting
Quote
**Card Add Failed!!

Time to put in a support ticket...

Quote
**Ticket Add failed!

Well crap.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 23, 2017, 08:36:47 AM
Well that's a sticky wicket.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: charuhans on February 23, 2017, 09:55:13 AM
What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on February 23, 2017, 10:05:13 AM
What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.

I thought it was asking "have you used the card in the past 60 days?"  I was able to choose yes or no.  You may want to try a different browser since some have noted browser issues.  Firefox worked fine for me on Windows.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: BikeFanatic on February 23, 2017, 11:59:28 AM
I can not add a card either using chrome, but it worked yesterday. I did have to adjust my zoom to 75%
in the browser. But now can not add any more cards, I wonder if it is because they are less than 2 years old or is this a glich.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Joel on February 23, 2017, 01:11:56 PM
I was able to add my three cards. They have statement dates around the 25th. So hopefully I get sales here shortly and don't miss another month... :(
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 23, 2017, 09:50:56 PM
Just got an email to sign up for new company's portal!
Current status is: they are sending out emails in batches to not overwhelm the portal with everyone signing up for it at once.  So some people will have gotten an email (a small percent of Mustachians, around 10%, I believe) today, and then more will get it over the next few days.

I'd guess everyone will get it within the next week or two.

I believe the last batch of emails should go out tomorrow, and then everyone should have received it.

If you want tradeline sales, go on and create a login, and add your cards into the system.

If you want to get the higher MMM payouts, make sure you put MMM/Joe as the referral in the drop down.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on February 23, 2017, 09:55:23 PM
I received the email to add my cards.  I also participated in the beta. 

As when helping test the beta, when i submit all my info for a card, i click "Save" and no card is added.  I then click "Exit" and no card is added.

Is there some magic I'm supposed to do to get my cards added?  I emailed them about 10 days ago with this issue and never heard back.

Any suggestions for those that have been able to get this to work?

I just got the email this morning and am having the same problem as you. I tried both Chrome and Firefox. I click the button, nothing happens, and nothing shows up in "my cards".

Using explorer probably solves the problem
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Malaysia41 on February 23, 2017, 11:27:08 PM
I have a question that I'm sure we've gone over but can't find it in the first few pages.

If I keep my spouse listed as an authorized user, does that reduce the number of spots I should sell at a time?

What if I keep my spouse + daughter on the card?

Thanks and again sorry if this has been posted. MMM search utility is not .. uh .. terribly helpful.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 23, 2017, 11:37:33 PM
I have a question that I'm sure we've gone over but can't find it in the first few pages.

If I keep my spouse listed as an authorized user, does that reduce the number of spots I should sell at a time?

What if I keep my spouse + daughter on the card?

Thanks and again sorry if this has been posted. MMM search utility is not .. uh .. terribly helpful.
Yes, that will reduce the number of spots. Make sure you let the company know, or you'll be at a much higher risk of card cancellation (by going over the limits the raise flags to the CC issuers).

I'd personally remove the extra people, then just add them (and let TL company know) only when they'll be applying for credit, but you can just reduce your spots open for sales if you'd like.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Malaysia41 on February 23, 2017, 11:40:49 PM
I have a question that I'm sure we've gone over but can't find it in the first few pages.

If I keep my spouse listed as an authorized user, does that reduce the number of spots I should sell at a time?

What if I keep my spouse + daughter on the card?

Thanks and again sorry if this has been posted. MMM search utility is not .. uh .. terribly helpful.
Yes, that will reduce the number of spots. Make sure you let the company know, or you'll be at a much higher risk of card cancellation (by going over the limits the raise flags to the CC issuers).

I'd personally remove the extra people, then just add them (and let TL company know) only when they'll be applying for credit, but you can just reduce your spots open for sales if you'd like.

Okay - that's just as I'd expected. Thanks.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CatRamBone on February 24, 2017, 06:19:08 AM
what were to happen when the card is closed? is this reported on  your credit?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 24, 2017, 07:18:03 AM
what were to happen when the card is closed? is this reported on  your credit?

It would say closed by issuer. Im not sure if ot gets any more specific than that.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on February 24, 2017, 07:33:41 AM
i'm all setup and my cards are active in his system.  we'll see how the adds roll.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on February 24, 2017, 07:55:58 AM
I signed up on the new portal today. They now only take cards that are 2 years old so my 18 months old cards I did not try to enroll. Hopefully this summer I can enroll those cards as they mature to 2 years. AT least I have my wife's 7 year old card and that is the only tradeline offer I have received thus far.
Thank you Arebelspy I did put you down as my referral.

I added 2 of my cards that were 18-20 months since they were previously accepted (by email from the owner).  I guess we'll see if they continue to take them.  You might want to add them or email asking.  If they get rejected, I will update my post to advise.

My 18-20 month old cards were accepted/activated.  If anyone has cards over 18 months with limits over 12K (my suggestion), I would put them in.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on February 24, 2017, 02:08:30 PM
Just checking in to say, I did get the email a couple of days back, but have not had the time to create account.
On todo list for this weekend.

I did get two more spots sold a couple of days ago. Thanks ARS!!

The email now said to get the cards AND activate them, unlike the last adds where they just wanted me
to get card, but not activate.
This is a big hassle for me, being a fulltime traveller and receiving mail at a friends place,
where I don't want cards mailed to with a bunch of different names.
I did ask my contact person, if it's absolutely mandatory to get card and activate and she said it was not.
So I opted to not do that.
I understand that means a higher risk to me, as the card issuer could question the adds, but there's no disadvantage to the AUs.
If I knew I'd sell that many spots on a regular basis, it would be worthwhile investing in a mail forwarder, but at this point
the deal I have with my friend, works fine for me.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 24, 2017, 02:10:20 PM
I've never activated an AU's card.  You're good.  :)

Worth setting up the portal.  It's quick. Probably 5 minutes to create a login, and 1-2 minutes per card needing to add.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 24, 2017, 08:07:15 PM
Added my 3 cards to the site. Here's hoping for some sales next month. It will be my 3rd cycle (the first was very close timewise though)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on February 24, 2017, 10:22:43 PM
I've never activated an AU's card.  You're good.  :)

Worth setting up the portal.  It's quick. Probably 5 minutes to create a login, and 1-2 minutes per card needing to add.
Yep I just did. Easy peasy.
Just had so much other stuff to do after coming back from my trip, but finally got around to this as well.
Wish I had more cards to add ;)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: medinaj2160 on February 25, 2017, 08:15:17 AM
My cards now say active. Hopefully I sell some spots
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on February 25, 2017, 09:00:18 AM
The email now said to get the cards AND activate them, unlike the last adds where they just wanted me
to get card, but not activate.
This is a big hassle for me, being a fulltime traveller and receiving mail at a friends place,
where I don't want cards mailed to with a bunch of different names.
...
If I knew I'd sell that many spots on a regular basis, it would be worthwhile investing in a mail forwarder, but at this point
the deal I have with my friend, works fine for me.

Mail forwarders may not help you, at least for activating the cards, depending on how they work for receiving mail. Was discussed earlier, if the mail forwarder expects to only see mail addressed to your, they may return or destroy the AU addressed mail on receipt. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Optimiser on February 25, 2017, 09:51:39 AM
I believe the last batch of emails should go out tomorrow, and then everyone should have received it.

If you want tradeline sales, go on and create a login, and add your cards into the system.

If you want to get the higher MMM payouts, make sure you put MMM/Joe as the referral in the drop down.

Should I be concerned that I have not received an email yet?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: wienerdog on February 25, 2017, 10:21:28 AM
I believe the last batch of emails should go out tomorrow, and then everyone should have received it.

If you want tradeline sales, go on and create a login, and add your cards into the system.

If you want to get the higher MMM payouts, make sure you put MMM/Joe as the referral in the drop down.

Should I be concerned that I have not received an email yet?

Same
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shade00 on February 25, 2017, 12:42:43 PM
I sent in all my paperwork on Thursday. Don't want to be pushy but when should I follow up?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on February 25, 2017, 03:15:46 PM
They work M-F, so not hearing anything on the weekend isn't a concern.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalSaver on February 25, 2017, 06:14:31 PM
Do you still get an email from the same person when you sell a trade line when using the portal?

I'm hoping to. Real my maiden soon
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 25, 2017, 08:34:03 PM
They work M-F, so not hearing anything on the weekend isn't a concern.  :)

They must be working overtime because I got an add this morning and a reply to my acknowledgement of said add. And they are still doing adds by email BTW.  I don't have any information in my portal, other than my cards, which were switched from Not Active to Active at some point in between the beta testing and today.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HipGnosis on February 26, 2017, 11:56:39 AM
What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.

I thought it was asking "have you used the card in the past 60 days?"  I was able to choose yes or no.  You may want to try a different browser since some have noted browser issues.  Firefox worked fine for me on Windows.
I had a couple cards that were not used in 60 days (and choose 'no' on the portal; Chrome on Win.7).
I've use those cards now (small charges).  How do I edit that on the portal?  Or how do I tell 'the Co.'?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Joel on February 26, 2017, 01:41:08 PM
Looks like I didn't have any sales for two months in a row now... bummer.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 26, 2017, 01:52:51 PM
What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.

I thought it was asking "have you used the card in the past 60 days?"  I was able to choose yes or no.  You may want to try a different browser since some have noted browser issues.  Firefox worked fine for me on Windows.
I had a couple cards that were not used in 60 days (and choose 'no' on the portal; Chrome on Win.7).
I've use those cards now (small charges).  How do I edit that on the portal?  Or how do I tell 'the Co.'?

i think it's intended to use the "ticket system" in the portal to make changes like that, but the email address they have set up to receive the tickets bounced back when I tried to have them implement a CLI.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 26, 2017, 02:26:46 PM
What does the "Used Card in past 60 days" mean? It does not allow to click the "Yes" button.

I thought it was asking "have you used the card in the past 60 days?"  I was able to choose yes or no.  You may want to try a different browser since some have noted browser issues.  Firefox worked fine for me on Windows.
I had a couple cards that were not used in 60 days (and choose 'no' on the portal; Chrome on Win.7).
I've use those cards now (small charges).  How do I edit that on the portal?  Or how do I tell 'the Co.'?

i think it's intended to use the "ticket system" in the portal to make changes like that, but the email address they have set up to receive the tickets bounced back when I tried to have them implement a CLI.

Yep, my wife noted the same thing.

I'll say what I said to her: They got the critical pieces in place, good enough for "go live" and start moving away from doing everything over email. The rest can be cleaned up later.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on February 26, 2017, 07:11:42 PM

I'll say what I said to her: They got the critical pieces in place, good enough for "go live" and start moving away from doing everything over email. The rest can be cleaned up later.

Agreed.  I think the portal looks and works great so far.  I have yet to process sales through it but still a great start!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on February 27, 2017, 06:53:08 PM
Quote
Never bothered to do a second month charge even when they pay for 2 months

So....how do you know when they are paying for 2 months?

I inquired about if they would let me know when to remove an add I did in late January, they said they leave them up for 60-90 days, but I imagine we don't get paid for 2 or 3 months every time?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on February 27, 2017, 07:35:00 PM
So, does everyone else still have "pending activation" for all their cards on the new portal?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on February 27, 2017, 07:40:37 PM
I checked today and my pending activation cards had gone to active. I added them... last week, I think?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NinetyFour on February 27, 2017, 08:37:18 PM
Mine are also active.  Added them in the portal last Wednesday.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on February 28, 2017, 02:14:03 AM
Quote
Never bothered to do a second month charge even when they pay for 2 months

So....how do you know when they are paying for 2 months?

I inquired about if they would let me know when to remove an add I did in late January, they said they leave them up for 60-90 days, but I imagine we don't get paid for 2 or 3 months every time?

I believe the new company said that they will send you an email as to when to remove an AU.  I plan to leave the AUs on there until I get an email.

FWIW, I did get a sale today that is the second AU on this particular card with the new company.  In the body of the email it said to add the AU and keep the existing AU.  So I'm not sure how they do it but they do seem to stay on top of things pretty well via email.  Mistakes might be made, of course, but I'm sure they try to minimize them.

#mustachianpeopleproblems - I'm in India and tried to call the credit card company, but they're closed now.  Also, I chose to pack my cards so I could do the adds from the road - the credit card companies like to have you tell them the CVV code during the calls.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: rich182x on February 28, 2017, 06:01:09 AM
Well, I guess I must be the 1'st to get my card closed with the new company.  I just received a letter from B of A saying "This account is closed due to irregularity in Authorized user activity."  I had enrolled in January, and had 2 sales last month, and had just added a 3'rd this month.  I'm wondering if I'll get paid for anything now?

Ick. 

Sorry.  =/

Can you CC me (you should have my email from the original referral info, but if not, PM me for it) when you message the tradeline company about it (or, if you've already messaged them, forward to me), so I can be in the loop as well?

I also just emailed them separately, and will keep everyone in the loop.

Ruh roh.  We have a 45k 1996 BofA with old company. Maybe we'll play it cool for a month or two.

I have multiple B of As enrolled between my wife and I, including a 45k card I added an AU to about 4 days ago.  =/

Well, this was one of the risks... I'll be interested to see how it plays out.

The Tradeline co I am using limits BoA AU's to one every 4 months. Seems like they saw this issue and implemented some mitigation techniques  to keep cards from closing...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on February 28, 2017, 08:43:48 AM
I have not heard back now for about 2 weeks since sending off my information to the company.  I realize they are busy with implementing a web-portal as well as working with existing tradelines, but I was hoping for some kind of response.

I did send a courtesy e-mail over the weekend asking if I was missing any info needed to no avail.  Is this normal?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on February 28, 2017, 01:53:11 PM
FYI, Citi can transfer credit line between cards, but most people at Citi have no idea WTF you are talking about, especially the front line CSRs. I was transferred numerous times and it was quite a long call. Basically once you strip out the "WTF" people it needed to go through: Another credit line increase request -> denied -> transfer credit line from another Citi card.

Tried numerous times but wasn't allowed to transfer a credit line from one Citi card to another.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on February 28, 2017, 01:57:10 PM
Was the card at least six months old? That is a stipulation with Citi...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dandarc on February 28, 2017, 02:05:14 PM
I have not heard back now for about 2 weeks since sending off my information to the company.  I realize they are busy with implementing a web-portal as well as working with existing tradelines, but I was hoping for some kind of response.

I did send a courtesy e-mail over the weekend asking if I was missing any info needed to no avail.  Is this normal?
Same for me.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on February 28, 2017, 02:06:59 PM
Was the card at least six months old? That is a stipulation with Citi...

Yes
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MFG_Hotspur on February 28, 2017, 09:33:17 PM
My BoA was closed on my first attempt to add any AUs. I added 3 AUs per the tradeline company's request and my account was closed less than a week a later. I am communicating with them right now on the topic, but I wanted to give everyone an additional heads up/data point.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Malaysia41 on March 01, 2017, 12:37:27 AM
My BoA was closed on my first attempt to add any AUs. I added 3 AUs per the tradeline company's request and my account was closed less than a week a later. I am communicating with them right now on the topic, but I wanted to give everyone an additional heads up/data point.

Thanks for letting us know. I just logged on and confirmed our BofA is still open. We have two AUs on there now - and are slated to remove them in March. I may just let them stay a while and forgo BofA sales for a month or two. It's my husband's card from 2001 - it'd be a bummer to have it close. For $400 a month it was worth the risk. For $225* in an environment of increased closures being reported? Not so much.

When we called last time to remove AUs, we were on speaker phone so I could spoon-feed to husband what to say, as I manage this operation. One of the AUs was a woman. When the cc rep asked if we had the AU's card in our possession, I answered yes. After that, she referred to me by name as the AU. Maybe that lent credibility? IDK.

*Old company's new payment schedule should put our 15 year old $44k BofA card at a $225 per tradeline payout - but we only received $200. I've emailed them, asking for a correction. We'll see. $25 x2 is worth an email exchange.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 01, 2017, 01:26:17 AM
Well, I guess I must be the 1'st to get my card closed with the new company.

My BoA was closed on my first attempt to add any AUs.

Damn.

That's two now.  =/

Crossing my fingers my B of A cards aren't cancelled; I have several AUs on each (including an AU added within the last week or so).

Messaging the company for more info, but for now, it looks like B of A may be a no-go for a bit.

Can either of you confirm if you had other accounts with B of A besides the one card that was closed, and that those other accounts were not closed?

Guess the USAA, Capital One, Discover, Barclay, Citibank, etc. cardholders get more orders put their way now.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on March 01, 2017, 09:09:59 AM
Went to log into the portal this morning and got this message:

"**UserName and/or Password Not Found or account has been disabled"

Anyone else having issues? I asked for a password email (even though I know it's correct) and still have received nothing. Should I be concerned?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Joel on March 01, 2017, 12:43:31 PM
Glad I didn't bother with having my wife get her old Bank of America card that she hasn't used in a few years. I was going to have to get the card, use it for spending, and request credit limit increases. Glad we didn't waste any time doing that hearing about B of A.

Hearing about B of A shutting these down, and having no orders in two months, I'm paying a bit more attention nowdays. Given that tax situation of this income, the extra money may not be worth the hassle and risk. I'm going to give it a few more months and see though.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ditkanate on March 01, 2017, 02:13:26 PM
Got a confirmation that my info was received on Feb. 3rd. I still haven't received any emails about signing up for the portal.

I sent my info in on 2/17 and haven't received a portal email either, FYI.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: CanuckExpat on March 01, 2017, 02:41:24 PM
Guess the USAA, Capital One, Discover, Barclay, Citibank, etc. cardholders get more orders put their way now.

This month I got a bunch of Discover orders. Discover makes it easy to add online, BUT with the last few adds, each one has requested a follow up call to to their security verification line to ensure that it was me who added the AU. Manageable, but slightly A PITA and nerve wracking the first time it happened.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 01, 2017, 03:05:46 PM
I had the Discover fraud call when I did my first adds last June, but none since then.  Most the time they don't even make me upload the paperwork (they did the most recent time, but usually not).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 01, 2017, 03:06:08 PM
Emailed with the company owner.

They stopped B of A adds last week.

They have seen this type of crackdown before, B of A last did it about three years ago.  Capital One has done the same in the past as well. They thought they might be done with B of A and Capital One for good, but then they've come back as useful.

Other tradeline companies are seeing the same thing; as boarder mentioned, the one he uses stopped using B of A a few weeks ago, and a few other companies are seeing the same thing.

It seems cyclical. Right now Citi and B of A are auditing and more dangerous to use.  They'll be good again in a bit, and something else may be annoying.

They're also reaching out to contacts at B of A to try to get more information.

Part of the risks of selling tradelines, unfortunately.  Bummer that it happened so soon for some of you.  =/
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 01, 2017, 03:20:24 PM
Okay, working on the communication issues.

They have been overwhelmed with emails, and getting the portal going, but are trying to get on track to make sure everything outstanding is answered.

If you are waiting on something, PM me (do not click the email button, please, but PM).

LINK TO PM ME HERE: http://forum.mrmoneymustache.com/pm/?sa=send;u=25 (http://forum.mrmoneymustache.com/pm/?sa=send;u=25)


Please specify if you are waiting for:
- Initial contact (documents to fill out)
- Confirmation of your filled out documents received
- Portal Information
- Problem with the portal (and what)
- Other (specify)

Please include your email address.

I will be helping to make sure you didn't fall through the cracks, and ensure you get a response.

(Please note: You will only have portal information if your filled out paperwork has been received.)

My response time may be a slight bit lagged as well (I'm in a very different time zone than most of you, currently traveling in New Zealand, plus I'm doing an RV relocation, so my Internet is limited), but it should be less than 24 hours response time from me.

Cheers!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on March 01, 2017, 07:57:20 PM
I'm in good shape personally with respect to everything with the new company, but I just wanted to pop in and say a big thank you to ARS for the extra work he's doing on this thread in terms of sharing the opportunity, and especially the extra help he just offered to help those of us who are running into issues.  He's also done some (probably a lot, actually) stuff behind the scenes.  He obviously doesn't need to do any of this, and some of what he has done has been detrimental to himself and his family.

Thanks, ARS!!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: RedwoodDreams on March 02, 2017, 12:04:08 AM
I'm in good shape personally with respect to everything with the new company, but I just wanted to pop in and say a big thank you to ARS for the extra work he's doing on this thread in terms of sharing the opportunity, and especially the extra help he just offered to help those of us who are running into issues.  He's also done some (probably a lot, actually) stuff behind the scenes.  He obviously doesn't need to do any of this, and some of what he has done has been detrimental to himself and his family.

Thanks, ARS!!

Hear, hear! As I happily use the extra $125-$300 per month to chip away at medical bills, I'm so grateful to ARS for sharing what he knows, and for everyone who chimes in with tips and advice.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoping2retire35 on March 02, 2017, 05:55:54 AM
My BoA was closed on my first attempt to add any AUs. I added 3 AUs per the tradeline company's request and my account was closed less than a week a later. I am communicating with them right now on the topic, but I wanted to give everyone an additional heads up/data point.

craptastic! say it aint so. I wonder why they wanted you to add three? I thought BoA was max of 2. Maybe it would still be safe to only do 1.


edit; nevermind read the other responses...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ditkanate on March 02, 2017, 09:38:56 AM
Got a confirmation that my info was received on Feb. 3rd. I still haven't received any emails about signing up for the portal.

I sent my info in on 2/17 and haven't received a portal email either, FYI.

FYI - my email came last night, thanks for bringing this to their attention. 

In getting my cards added, I thought I'd note that they are currently only taking Chase cards with 25k and above credit limits. This goes along with their restriction of having to use Chase cards in tandem with another card.  I'd shuffled some credit limits around with Chase to give myself one with 15k on it, but to no avail.  Oh well.

One question I had - the Citi card I registered with them has a family member on there as an AU.  I didn't see anywhere in the portal to note how many AU's are on a card.  Should I just take that family member off to be safe?  Or would that just bring attention to the account...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on March 02, 2017, 10:05:07 AM
Emailed with the company owner.

They stopped B of A adds last week.

They have seen this type of crackdown before, B of A last did it about three years ago.  Capital One has done the same in the past as well. They thought they might be done with B of A and Capital One for good, but then they've come back as useful.

Other tradeline companies are seeing the same thing; as boarder mentioned, the one he uses stopped using B of A a few weeks ago, and a few other companies are seeing the same thing.

It seems cyclical. Right now Citi and B of A are auditing and more dangerous to use.  They'll be good again in a bit, and something else may be annoying.

They're also reaching out to contacts at B of A to try to get more information.

Part of the risks of selling tradelines, unfortunately.  Bummer that it happened so soon for some of you.  =/

Yep i have the same information on BofA from the company i use.  They expect BofA adds to be allowed again in 20-30 days at my company.  really sucks to not be pulling my 875 a month from those cards but its free money and a small blip in the grand scheme.  I've really just missed one month of adds.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shade00 on March 02, 2017, 10:19:34 AM
Just got the email and signed up for the online portal. I added my Discover and will add the Citi card tonight - I don't have the Citi card on me so I don't have the phone number or website off the back of the card. Hoping to see some adds soon. Thanks again ARS!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Shade00 on March 03, 2017, 11:50:12 AM
Ok, got both of my cards active in the system (Discover and Citi) - each one shows what I assume to be only two spots for AUs. Are they limiting AUs on these cards due to the audit issues?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on March 03, 2017, 12:48:33 PM
I finally got enrolled in the portal and am now getting the Card Add Error.  I'll have to try Internet Explorer when I get home.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MFG_Hotspur on March 03, 2017, 01:13:18 PM
Well, I guess I must be the 1'st to get my card closed with the new company.

My BoA was closed on my first attempt to add any AUs.

Damn.

That's two now.  =/

Crossing my fingers my B of A cards aren't cancelled; I have several AUs on each (including an AU added within the last week or so).

Messaging the company for more info, but for now, it looks like B of A may be a no-go for a bit.

Can either of you confirm if you had other accounts with B of A besides the one card that was closed, and that those other accounts were not closed?

Guess the USAA, Capital One, Discover, Barclay, Citibank, etc. cardholders get more orders put their way now.

I have a checking, savings and a brokerage account with them and they did not do anything to those accounts.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on March 03, 2017, 05:36:58 PM
Ok, got both of my cards active in the system (Discover and Citi) - each one shows what I assume to be only two spots for AUs. Are they limiting AUs on these cards due to the audit issues?

I have 3 cards - 2 have 4 spots and 1 has 3 spots.  I think their system determines that based on their rules for AUs per issuer.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 04, 2017, 01:17:05 AM
I'm in good shape personally with respect to everything with the new company, but I just wanted to pop in and say a big thank you to ARS for the extra work he's doing on this thread in terms of sharing the opportunity, and especially the extra help he just offered to help those of us who are running into issues.  He's also done some (probably a lot, actually) stuff behind the scenes.  He obviously doesn't need to do any of this, and some of what he has done has been detrimental to himself and his family.

Thanks, ARS!!

I'm in good shape personally with respect to everything with the new company, but I just wanted to pop in and say a big thank you to ARS for the extra work he's doing on this thread in terms of sharing the opportunity, and especially the extra help he just offered to help those of us who are running into issues.  He's also done some (probably a lot, actually) stuff behind the scenes.  He obviously doesn't need to do any of this, and some of what he has done has been detrimental to himself and his family.

Thanks, ARS!!

Hear, hear! As I happily use the extra $125-$300 per month to chip away at medical bills, I'm so grateful to ARS for sharing what he knows, and for everyone who chimes in with tips and advice.

Thanks.  :)

A) I like helping. It's just cool to see the posts where people are excited about getting a sale, or getting paid, or whatnot.  :)

B) I feel bad that I recommended a company, and then people are disappointed (not getting an email back or being stuck in limbo, or whatever). Luckily the same thing happened with old company (they got overwhelmed, had to put on an email autoresponder, shut down new accounts for a bit, etc.), and it all worked out okay.

Everyone seemed happy with old company, except for wanting more sales.

Likewise, everyone who has had sales from new company seems pretty happy with it, aside from the recent unfortuate B of A shutdowns.

The hardest part is waiting for sales.

C) It's not 100% altruistic; I am getting referral commissions.

It has hurt my sales, again.

The smartest move financially (what would have made me the most money) would have been for me would be to have kept everyone at old company, while moving just my cards to the new one.  Maximum sales at new company, while getting commissions from old company.

I wouldn't feel right about that though, having recommended one company, and then secretly using a different one, just to make more money.  I'd rather make less money, but feel good about it, and see fellow Mustachians make more money as well. 

But even though doing it that way nets me less overall, the referral commissions do make up for some of the sales loss, and that is still a selfish incentive to help other Mustachians with it. :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 04, 2017, 01:17:22 AM
One question I had - the Citi card I registered with them has a family member on there as an AU.  I didn't see anywhere in the portal to note how many AU's are on a card.  Should I just take that family member off to be safe?  Or would that just bring attention to the account...

I'd take them off personally, to be able to add more lines (and only add them if that family member will need the credit bump for something--e.g. applying for a mortgage or whatever), but if you want to keep them, email the tradeline company, and they can reduce the # of AU slots available on the card.

Ok, got both of my cards active in the system (Discover and Citi) - each one shows what I assume to be only two spots for AUs. Are they limiting AUs on these cards due to the audit issues?

Not current audit issues, but each card type has its own limits based on the issuer, and the amounts that are okay to add without throwing up red flags (in general, occasional audits aside).

I have a checking, savings and a brokerage account with them and they did not do anything to those accounts.

That's good. Seems like Chase is still the only one doing this.  Losing my $45k B of A CC would be a bummer, but still worth the sales. Losing my other accounts, not so much. I didn't think I would, but appreciate the confirmation.  :)

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: windupnerd on March 04, 2017, 07:23:35 AM
Hi.  I just e-mailed today with two cards.

Discover - 15 yrs old with 15,800 limit and CapitalOne - 14 yrs. old with 6,000 limit.  Hope my chances of getting sales in the future are reasonably good.

Chase would only increase my limit by 1,000 (from 5,000).

Thanks again to ARS to sharing this information with everyone.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dragoncar on March 05, 2017, 06:18:59 PM
I finally signed up on their new website... I think some previous messages went to spam so check that if you are hoping for a reply.  I only have 1-2 cards that fit the bill, but I won't say no to extra money.

On the other hand, is anyone signing up for new cards specifically for piggybacking?  Lets say I sign up for a citi card, no/little bonus.  It will be a couple years before this will make me any money as a piggyback.  So it's kind of a gamble, but what are you guys doing?  Sorry, I'm 90% sure this has been discussed in the past in one of these threads but I can't easily find it.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on March 05, 2017, 07:32:11 PM
I finally got enrolled in the portal and am now getting the Card Add Error.  I'll have to try Internet Explorer when I get home.

Just a quick update/question: I am still unable to add any cards to my account.  I get the infamous "**Card Add Failed!!" error message when I try to do so.  I also get the failure message when trying to add a ticket for the help desk.

I ended up sending an e-mail to the support e-mail address under contacts - still waiting for a reply which is fine since I didn't send it until late Friday.

Did anyone else run into these issues; if so, how did you get it to work?  I've tried multiple browsers (IE, Chrome, Firefox) to no avail.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Pizzabrewer on March 05, 2017, 07:32:45 PM
I finally signed up on their new website... I think some previous messages went to spam so check that if you are hoping for a reply.  I only have 1-2 cards that fit the bill, but I won't say no to extra money.

On the other hand, is anyone signing up for new cards specifically for piggybacking?  Lets say I sign up for a citi card, no/little bonus.  It will be a couple years before this will make me any money as a piggyback.  So it's kind of a gamble, but what are you guys doing?  Sorry, I'm 90% sure this has been discussed in the past in one of these threads but I can't easily find it.

I've signed up for a few (Capital One, BofA, Barclay, Discover).  Not sure if this scheme will still be around in 2 years but if so I'll jump on it.  In the meantime I'm getting some nice signup bonuses and cash back rewards (Discover 10% on gas!).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on March 05, 2017, 07:44:28 PM
No, I'm not signing up for new cards just for piggybacking. I do still sign up for cards for a suitably nice signup bonus.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on March 06, 2017, 08:25:00 AM
I finally signed up on their new website... I think some previous messages went to spam so check that if you are hoping for a reply.  I only have 1-2 cards that fit the bill, but I won't say no to extra money.

On the other hand, is anyone signing up for new cards specifically for piggybacking?  Lets say I sign up for a citi card, no/little bonus.  It will be a couple years before this will make me any money as a piggyback.  So it's kind of a gamble, but what are you guys doing?  Sorry, I'm 90% sure this has been discussed in the past in one of these threads but I can't easily find it.

Yes and no. We were looking for some new cards for travel hacking with some trips coming up in the future. We made sure to sign up for cards that offered great sign up bonuses and could be used for possible piggybacking in the future. If it's still viable, great, if not then no big deal. We still made good use of rewards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: aetherie on March 06, 2017, 08:35:44 AM
I finally got enrolled in the portal and am now getting the Card Add Error.  I'll have to try Internet Explorer when I get home.

Just a quick update/question: I am still unable to add any cards to my account.  I get the infamous "**Card Add Failed!!" error message when I try to do so.  I also get the failure message when trying to add a ticket for the help desk.

I ended up sending an e-mail to the support e-mail address under contacts - still waiting for a reply which is fine since I didn't send it until late Friday.

Did anyone else run into these issues; if so, how did you get it to work?  I've tried multiple browsers (IE, Chrome, Firefox) to no avail.

Same exact issue here. I told the guy about it last week and he said he would check with the developer and get back to me, but I haven't heard anything since then.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: solon on March 06, 2017, 12:52:10 PM
I created a help ticket on March 1, to raise a credit limit. It was addressed today, March 6. So they have quite a bit of back log.

And, I signed up when rebs started this thread, months ago. Still haven't got any sales! How long am I supposed to wait?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: bigalsmith101 on March 06, 2017, 02:44:36 PM
I created a help ticket on March 1, to raise a credit limit. It was addressed today, March 6. So they have quite a bit of back log.

And, I signed up when rebs started this thread, months ago. Still haven't got any sales! How long am I supposed to wait?

I got two sales at the end of last month. They were the first two I have had, and signed up at the same time as you. It's VERY dependent on the age and credit limit of the card, so it may be that your cards aren't very desirable. Though, they have so many "vendors" to choose from, it may just be that they sales aren't very evenly spread out.



As a side note, I got a couple cards in the mail for the two AU's I added to my card. Any reason I shouldn't just shred them?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 06, 2017, 02:45:53 PM
As a side note, I got a couple cards in the mail for the two AU's I added to my card. Any reason I shouldn't just shred them?

Shred them.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sol on March 06, 2017, 02:59:28 PM
And, I signed up when rebs started this thread, months ago. Still haven't got any sales! How long am I supposed to wait?

Right there with you bro.  Months of waiting on what should be desirable cards, zero sales, no info on new portal, nothing.   Just silence.  Watching everyone else here supposedly rake in the dough, while I sit in the corner trying to be patient. 

I'm beginning to think they just never registered our cards in the first place.

Consider how this looks from my perspective.   Some stranger on the internet convinced me to hand over all of my credit card info with the promise of easy money while working from home, and then absconded with my info, never to be heard from again.  Internet stranger tells me everything is fine, I should do nothing.  Have I fallen prey to an online scam?  Do I need to file a fraud report?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 06, 2017, 03:01:31 PM
Consider how this looks from my perspective.   Some stranger on the internet convinced me to hand over all of my credit card info with the promise of easy money while working from home, and then absconded with my info, never to be heard from again.  Internet stranger tells me everything is fine, I should do nothing.  Have I fallen prey to an online scam?  Do I need to file a fraud report?

Did you really hand over any actual credit card info (numbers, expiration dates, security code)?  Cause you shouldn't have, nor should that have ever been requested.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on March 06, 2017, 03:03:16 PM
Quote
Some stranger on the internet convinced me to hand over all of my credit card info

I certainly didn't provide that info.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 06, 2017, 03:04:08 PM
I finally got enrolled in the portal and am now getting the Card Add Error.  I'll have to try Internet Explorer when I get home.

Just a quick update/question: I am still unable to add any cards to my account.  I get the infamous "**Card Add Failed!!" error message when I try to do so.  I also get the failure message when trying to add a ticket for the help desk.

I ended up sending an e-mail to the support e-mail address under contacts - still waiting for a reply which is fine since I didn't send it until late Friday.

Did anyone else run into these issues; if so, how did you get it to work?  I've tried multiple browsers (IE, Chrome, Firefox) to no avail.

Same exact issue here. I told the guy about it last week and he said he would check with the developer and get back to me, but I haven't heard anything since then.

They think this is fixed (said it was related to having a username/email of more than 25 characters not being recognized by the card holder table, which is no longer an issue)--can anyone who experienced this try again and let us know?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sol on March 06, 2017, 03:09:29 PM
Did you really hand over any actual credit card info (numbers, expiration dates, security code)?  Cause you shouldn't have, nor should that have ever been requested.

You're right, we didn't have to hand over card numbers.  Just banks and dates and credit limits, home address and phone number, plus SSN and a copy of signature.  Oh, and checking account and routing number.  Gee, I feel so much better now.

Please, internet stranger, tell me everything is okay and I should do nothing.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 06, 2017, 03:10:18 PM
Everything is okay, and you should do nothing.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 06, 2017, 03:13:35 PM
Unless you're joking, I'm not sure what you're driving at.

You think this is all a scam?

If so, do you think that:
A) All of the people saying they have sales, in both the old thread and this one, are liars in a giant conspiracy to trick you?  Con artists all part of the same scam? Fake accounts?

Or

B) The company is real, those people are real and telling the truth, but the company (which must be making tons of money to pay out thousands of Mustachians) is also going to engage in a little identity theft and fraud alongside their normal business?

Or it's sol making a funny observation about how this could appear.  I'm inclined to think this, but just want to be clear.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sol on March 06, 2017, 03:19:02 PM
I don't think it's actually a scam, but from the perspective of someone in my situation it certainly does look like one, doesn't it?

I MADE $900 PER HOUR WORKING FROM HOME AND YOU CAN TOO!  Just send us all your bank account info, SSN, and a copy of your signature, and wait for the money to start rolling in!

Keep waiting!

Just a little bit longer!  Any day now!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: dlawson on March 06, 2017, 03:23:01 PM
Please, internet stranger, tell me everything is okay and I should do nothing.

Actually, given the circumstances, I think the best course of action is to demand that the tradeline company disenroll your cards and shred every bit of paperwork you sent them (plus photo proof!). Just in case. ;)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 06, 2017, 03:23:42 PM
I don't think it's actually a scam, but from the perspective of someone in my situation it certainly does look like one, doesn't it?

If you just look at just those narrow statements, sure, absolutely.

If you look at the fact that you have to then accept either A or B, posited above, much less so.

If you add in the fact that there have been no reports of anything resembling issues despite the fact that dozens and dozens of Mustachians have signed up (some getting sales, some not yet), it's even less likely (unless, again, they're also all fake accounts, or real ones in on a giant conspiracy).

In other words, if you were the sole person PM'd about this, there were no threads, and you added all your info and then heard nothing for months, that would be worrisome.  Having dozens of people say it's legit makes it much more likely to be so.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on March 06, 2017, 04:33:02 PM
Quote
ust send us all your bank account info, SSN, and a copy of your signature, and wait for the money to start rolling in!

This is why you should use an EIN and a separate checking account. Not that I am worried about this company, but why send your SSN and primary banking info to anyone when there are less sensitive alternatives available?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on March 06, 2017, 04:59:33 PM
Did you really hand over any actual credit card info (numbers, expiration dates, security code)?  Cause you shouldn't have, nor should that have ever been requested.

You're right, we didn't have to hand over card numbers.  Just banks and dates and credit limits, home address and phone number, plus SSN and a copy of signature.  Oh, and checking account and routing number.  Gee, I feel so much better now.

Er...the information and risks were clearly stated, you had a chance to ask any questions or raise any concerns, and you freely made a choice as an adult.  I don't understand how you justify your complaining.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on March 06, 2017, 06:17:46 PM
This is why you should use an EIN and a separate checking account. Not that I am worried about this company, but why send your SSN and primary banking info to anyone when there are less sensitive alternatives available?

Thanks for the reminder, TJ!  I already had a dedicated bank account from old TL co.  I just established an EIN.  For anyone wondering, it took less than 5 minutes.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sol on March 06, 2017, 06:26:38 PM
Er...the information and risks were clearly stated, you had a chance to ask any questions or raise any concerns, and you freely made a choice as an adult.  I don't understand how you justify your complaining.

Not complaining.  Just commenting that it looks a little scammy from the perspective of someone who hasn't heard a peep out of this company for two months, after handing over all of their personal info.

I can "freely make a choice as an adult" to send money to a Nigerian prince on the internet, too.  Whether or not that prince is offering a legitimate business endeavor makes no difference.  Generally speaking, I'm wary of people who ask for my financial information on the internet, and promise me vast personal riches as a result.  This time, I decided to be less wary.  So far, that hasn't paid off for me.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on March 06, 2017, 07:00:32 PM
Er...the information and risks were clearly stated, you had a chance to ask any questions or raise any concerns, and you freely made a choice as an adult.  I don't understand how you justify your complaining.

Not complaining.  Just commenting that it looks a little scammy from the perspective of someone who hasn't heard a peep out of this company for two months, after handing over all of their personal info.

I can "freely make a choice as an adult" to send money to a Nigerian prince on the internet, too.  Whether or not that prince is offering a legitimate business endeavor makes no difference.  Generally speaking, I'm wary of people who ask for my financial information on the internet, and promise me vast personal riches as a result.  This time, I decided to be less wary.  So far, that hasn't paid off for me.

Yeah, I can understand that.  I'm sort of curious why some people have sales and get responses and others don't.  Maybe ARS' offer to be a clearinghouse will help with the responses at least, and maybe somewhere in there we can discern a pattern.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: monarda on March 06, 2017, 07:26:51 PM
I agree, sol, it does sound fishy. That's why I waited a really long time to sign up, and finally did sign up with the new company around New Year's, with a single $15K card (opened 2002), after emailing ars and the people at both companies with all sorts of questions beyond what was posted here at the time. 

Got 2 sales in mid Jan @ 15K.
At the end of January, I upped the credit line of this card to $20K, and then got one sale in Feb @ 20K.
Awaiting my first payment for the January sales, to complete the first cycle. Got an email saying it's on the way, less than 4 weeks from the Feb closing date.

I don't care how many sales we get. If it all is as smooth as ars has indicated, I intend to enroll another card this summer when it turns 2 years old.


Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: powskier on March 06, 2017, 07:40:14 PM
Signed up Jan 1st with 10 + year old cards, high ( 15k to 25k) limits, resigned up early bird with new portal. No sales.
My wife signed up same time and has 1 add 3 weeks ago.

Sigh.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on March 07, 2017, 06:56:07 AM
I finally got enrolled in the portal and am now getting the Card Add Error.  I'll have to try Internet Explorer when I get home.

Just a quick update/question: I am still unable to add any cards to my account.  I get the infamous "**Card Add Failed!!" error message when I try to do so.  I also get the failure message when trying to add a ticket for the help desk.

I ended up sending an e-mail to the support e-mail address under contacts - still waiting for a reply which is fine since I didn't send it until late Friday.

Did anyone else run into these issues; if so, how did you get it to work?  I've tried multiple browsers (IE, Chrome, Firefox) to no avail.

Same exact issue here. I told the guy about it last week and he said he would check with the developer and get back to me, but I haven't heard anything since then.

They think this is fixed (said it was related to having a username/email of more than 25 characters not being recognized by the card holder table, which is no longer an issue)--can anyone who experienced this try again and let us know?

Yup, I got it to work last night.  Coincidentally, I also offered the suggestion that the e-mail/username length might have been an issue since mine seemed really long.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: aetherie on March 07, 2017, 07:01:30 AM
They think this is fixed (said it was related to having a username/email of more than 25 characters not being recognized by the card holder table, which is no longer an issue)--can anyone who experienced this try again and let us know?

Yep, the owner emailed me back and said it was fixed, and he went ahead and added my card in for me.

He entered the closing date as one day before it actually is, though - is that worth changing? Or will having the system think it closes one day early just give me a safety buffer for last-minute adds?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on March 07, 2017, 07:04:38 AM
It's legit but I am certainly not raking in the dough, nor did I expect too. I have a feeling signing up with the new company as early as I did coupled with a closing date early in the month (right after I signed up), high credit limit, age of card all led to me getting a couple sales right away. A sale here and there is good enough for me. I had/have no expectations of monthly riches.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on March 07, 2017, 07:09:04 AM
I've got five cards signed up, although the Chase and BoA are resting now due to the closures. Had two adds to my Citi the first month, one to CapOne the first month, and a second one to the CapOne this month. I received my first payment a few days after a month out from my card's closing date. $400, direct deposit, no issues. My email communications with the owner have been spotty - sometimes he will get right back to me, other times I have to send him a second note. Usually after sending a second email he gets right back to me. I chalk it up to him being super busy. I can say from my experience it has worked nearly seamlessly for me, but I am but one data point in this grand experiment. Overall have been pleased, so thanks again ARS for giving us the inside track!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Car Jack on March 07, 2017, 07:47:27 AM
So another data point.....

I put my info in via paper scanned mid January and heard back that I should have sales in Feb.  Nothing.  Sent Joe a PM and the company sent me an email with portal info.  I registered my account yesterday and inputted one credit card to start.  All appeared fine.  This morning, I logged in and no credit cards are there.  I went through an add card and now the card shows up.  I'll see how that goes.  Another card matures to 2 years next month that I don't care if it gets closed (I'm only registering cards that closing will mean nothing to me).  I'll later have a bunch of BoA cards that I really could care less if they close.  Signed up for the bonus a couple years ago and will add them once I get my first payment.  Will update when more action occurs.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HAPPYINAZ on March 07, 2017, 09:30:10 AM
I haven't seen any sales either, which is disappointing, but I hope perhaps this month it will happen.  The owner told me they had not been advertising for the last 6 weeks because they were trying to get their portal online.  He also mentioned they had 700 credit cards signed up fairly recently and so he said it would take awhile to get demand to meet supply.  He didn't give me a time frame for how long that would take. 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 07, 2017, 11:10:56 AM

In order to ramp up their business to support the Mustachian Horde, they HAD to get the portal online first, so they didn't have to do everything manually.

(Even doing it manually, they're the best equipped to handle it--they saw about 3x sales of Old Company last month--but now they'll be able to crank it up and add even more.)

He entered the closing date as one day before it actually is, though - is that worth changing? Or will having the system think it closes one day early just give me a safety buffer for last-minute adds?

One day early is good.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: boarder42 on March 07, 2017, 11:50:30 AM
love free money. 

have to see how well this continues.  if it can go strong for 4 more years with no sign of stopping i will have shaved 3 years off my projected 7 years needed til FIRE.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FIREandMONEY on March 08, 2017, 07:22:22 AM
I have not signed up yet, but will do soon.

Should I just go ahead and get an EIN?  Are these easy to get?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Wandles on March 09, 2017, 07:29:58 AM
Those of you waiting, I believe they're saying the average time right now from sign up to first tradeline sale will typically be 2-3 weeks (longer if your card is < 20k, 5 yrs+, shorter if it's higher than those), and that's average--so some will be much quicker (as above), some will take longer.

Also closing date plays a factor, as you'll typically see sales right before your closing date, so if your closing date is the 30th, you'll have a few weeks to wait--if it's the 8th, you already missed that window.  Even if your card was enrolled at that time, then hopefully you'll see one next statement.

@Wandles: Can you confirm the above?  What is the age/limit range of your card, if you don't mind sharing? (And I'm assuming the closing date is soon?)

My card closed on the 9th and my sales were on the 8th and 9th so they were last minute sales.  It is an older card (~10 years) and has a $25k limit so I'm not sure if that got me worked through the system faster.  At the same time as the USAA card I signed up a Citi card that is 2 years old, ~$11k limit, same closing date and no word on that one.

Another followup for those curious about what people's experience has been like:

I had 2 adds in Jan, 1 in Feb, and 2 in March.  I just removed and got paid for the Jan AUs.  I personally think an EIN is a little overboard but if it makes you feel safer then go that route.  To me it seems that if you're trusting the company to hire you then you should be able to trust them with that personal information.  I've never been too worried about identity theft though so maybe I'm just not careful enough. Even those who take precautions suffer from it too though: https://youtu.be/WaaANll8h18
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HipGnosis on March 09, 2017, 12:08:17 PM
I put my info and cards on the portal 2/7.
I got a 'sale' (It's a rental!) 6:15 last night (email)
Logged into portal;  it's on my CITI card  ($150!!)  And this is a card I use regularly - 3% rewards on gas and restaurants. 
The portal not only told me I had to call CITI to do the add, they even gave the phn #! (nice!)  It also said to ask to add the SN for security (had to click on the little info. icon)  There is an icon for an on-line add video (n/a for CITI).
I called and gave the name of the AU - they said "Okay'...  I asked about the address and SN!  He said "Oh, you want a card for them"?"    Oh, yes (hell yes!)
The info. also said to log into my CITI account online later to confirm the add, which I just did.  Took a while to find AUs. It's under Services.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 09, 2017, 12:53:23 PM
I got a 'sale' (It's a rental!)

Haha.  Good point.

Neat that they're starting to use the portal, thanks for the info! 

All adds that I'm aware of to this point had still been manual, as they start to switch over.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: cheapass on March 09, 2017, 02:58:12 PM
Is there a way to increase credit limit on a card in the portal?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Roots&Wings on March 09, 2017, 03:04:36 PM
I got a 'sale' (It's a rental!)

Haha.  Good point.

Neat that they're starting to use the portal, thanks for the info! 

All adds that I'm aware of to this point had still been manual, as they start to switch over.

Nice you got such a quick sale. I'm in Sol's boat. Have been on there since January, and nothing. Also received no response about the increased credit limit on one of my cards, and no info about the portal either.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: solon on March 09, 2017, 03:17:46 PM
Is there a way to increase credit limit on a card in the portal?

I created a help ticket on the portal. It took about a week, but they responded.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on March 09, 2017, 03:18:21 PM
Is there a way to increase credit limit on a card in the portal?

I believe you have to email for that.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 09, 2017, 03:24:34 PM
(Reposting this for people who missed it, e.g. step-in-time's latest post (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1468523/#msg1468523)... I left the original one (http://forum.mrmoneymustache.com/share-your-badassity/selling-tradelines-piggybacking-part-ii-$1000hr-20-40kyr-side-gig/msg1454838/#msg1454838) for posterity's sake, but I will likely delete this duplicate later, especially if I re-post it.  I know it's easy to miss a post in a large thread like this.  If you have a communication gap, and you would like a response, please PM me.)



Okay, working on the communication issues.

They have been overwhelmed with emails, and getting the portal going, but are trying to get on track to make sure everything outstanding is answered.

If you are waiting on something, PM me (do not click the email button, please, but PM).

LINK TO PM ME HERE: http://forum.mrmoneymustache.com/pm/?sa=send;u=25 (http://forum.mrmoneymustache.com/pm/?sa=send;u=25)


Please specify if you are waiting for:
- Initial contact (documents to fill out)
- Confirmation of your filled out documents received
- Portal Information
- Problem with the portal (and what)
- Other (specify)

Please include your email address you used to communicate with them.  This will let me pass along the issue, and your contact information so they can reach out to you.

I will be helping to make sure you didn't fall through the cracks, and ensure you get a response.

(Please note: You will only have portal information if your filled out paperwork has been received.)

My response time may be a slight bit lagged as well (I'm in a very different time zone than most of you), but it should be less than 24 hours response time from me.

Cheers!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HipGnosis on March 09, 2017, 03:28:26 PM
Is there a way to increase credit limit on a card in the portal?
I created a help ticket on the portal. It took about a week, but they responded.
Thanks.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Optimiser on March 09, 2017, 07:55:45 PM
Is there a way to increase credit limit on a card in the portal?

I created a help ticket on the portal. It took about a week, but they responded.


I did this today. It took maybe 2 hours.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: charuhans on March 10, 2017, 10:48:13 AM
Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 10, 2017, 10:56:54 AM
Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?
Just ignore it. Or "update" it to the same address, if you have to do something.

I've been selling TLs for 9 months now, with cards bouncing back to them (including Citi) and it hasn't been an issue.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoping2retire35 on March 10, 2017, 11:06:16 AM
Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?
This was one of my worries. I live in a small town and trying to explain this to the postal workers while cars are driving by in about 20 seconds would just make it seem like I am running a scam.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 10, 2017, 11:08:44 AM
Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?
This was one of my worries. I live in a small town and trying to explain this to the postal workers while cars are driving by in about 20 seconds would just make it seem like I am running a scam.

What do you need to explain? It's mail not addressed to you. Return to sender.

That's their job. :)

Do you think they're going to get together with the CC company and start asking questions or something?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoping2retire35 on March 10, 2017, 11:12:42 AM
Well, the post office returned the cards for the authorized users to the bank which were mailed to my address. Citi just emailed me to check and update my address. Wonder how to get around this without making the bank suspicious. Anybody here had a similar issue?
This was one of my worries. I live in a small town and trying to explain this to the postal workers while cars are driving by in about 20 seconds would just make it seem like I am running a scam.
What do you need to explain? It's mail not addressed to you. Return to sender.

That's their job. :)

Do you think they're going to get together with the CC company and start asking questions or something?

Well, the PO always returns them then the CC company's could become suspicious.

[Mod Edit: Quote tags.]
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 10, 2017, 11:19:54 AM
Well, the PO always returns them then the CC company's could become suspicious.

Again, not in my experience.

They may try to update your address when they get returned mail (though usually not). I highly doubt they're tracking returned mail, cross-referencing it with AUs added, and becoming suspicious. I've seen no evidence of this ever.

It's just not something to worry about.

And usually the post office will deliver it just fine (mine will not, because I use a mail forwarder, being out of the country, but most people should have no problem).

If some.nosy post office employee wanted to know who someone was getting mail at my address, I'd say "a business associate" and leave it at that.  Totally true, and more explanation needed.

Summary: Post office should deliver. If they don't, CC company won't care anyways.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Fireball on March 10, 2017, 11:31:12 AM
Well, the PO always returns them then the CC company's could become suspicious.
Summary: Post office should deliver. If they don't, CC company won't care anyways.

Agree. These are massive companies and they have no desire to pay a team member to sift through returned mail.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: charuhans on March 10, 2017, 11:34:43 AM
Thanks arebelspy. I don't think my PO/employees are concerned or care. It's straight forward for them, name on mail doesn't match the resident, return to sender. Also, the Citi email is only a advisory to ensure that my address is current. My only concern was will the bank try to resend the cards and then get them returned again and that cycle might raise some questions. Also, another three cards are on the way from Citi and most likely will get returned, too. But if the bank doesn't so anything further, then I guess all is well.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 10, 2017, 12:06:26 PM
Nah, I think they'll only retry if you purposefully contact them to say "hey, I never got this, resend it!"  Should be all good.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: N on March 10, 2017, 09:17:15 PM
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: DavidAnnArbor on March 10, 2017, 09:23:00 PM
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.

Wow that's a great card!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MsFrugalista on March 10, 2017, 09:30:05 PM
Got my first add with new company since joining on Jan 3rd - yay! (coincidentally got one with old company on the same day as well, on a different card that I have with them). Overall it's been a productive day :). Thank you ARS, we have been enjoying the extra cash in our early FIRE days.

New company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 10, 2017, 09:32:28 PM
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.

I don't think there's more preferable dates, other than spread out from other cards (but no way to know that)--people buy whenever they need a tradeline.

Your card is quite good, it should max out every month.

To that point, I have some new information pending about upcoming sales.  Give me til the beginning of next week, due to the weekend, but update coming.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 10, 2017, 09:46:49 PM
Got my first add with new company since joining on Jan 3rd - yay! (coincidentally got one with old company on the same day as well, on a different card that I have with them). Overall it's been a productive day :). Thank you ARS, we have been enjoying the extra cash in our early FIRE days.

Awesome!  :)

Quote
New company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.

Yeah, the phone calls are a pain in the rear. I love the all online ones.  But I can confirm that one Mustachian's Citi add from January didn't post because he didn't call to add the SSN, only did it online. It'd be a bummer to lose out on $200 (or whatever) just because of the annoyance of a 5 minute call.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: N on March 10, 2017, 10:08:25 PM

I don't think there's more preferable dates, other than spread out from other cards (but no way to know that)--people buy whenever they need a tradeline.

Your card is quite good, it should max out every month.

To that point, I have some new information pending about upcoming sales.  Give me til the beginning of next week, due to the weekend, but update coming.

Ill be interested to hear. I checked and the card is actually from '99, and the close date is the 10th so I wont get any this month either. Thanks for sharing all your info!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: frogstomp81 on March 11, 2017, 09:19:39 AM
Pardon my ignorance, but does using an EIN complicate the filing of your taxes at all?

Quote
ust send us all your bank account info, SSN, and a copy of your signature, and wait for the money to start rolling in!

This is why you should use an EIN and a separate checking account. Not that I am worried about this company, but why send your SSN and primary banking info to anyone when there are less sensitive alternatives available?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: frogstomp81 on March 11, 2017, 09:35:53 AM
...Never-mind just did some more research and it does not.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: RedwoodDreams on March 11, 2017, 11:18:29 AM
Has anyone else noticed that sales of Barclaycard spots often don't post correctly? I've sold 7 spots on my card over the past 8 months, and of those, 4 posted correctly and 3 didn't. I've followed the same exact online add procedure each time.

Barclays doesn't ask for SSN in the online add form, so I'm thinking maybe I need to call and give them SSN just to add all info that can help with a correct posting.

But wondering if others have noticed this? The other card I sell regularly on (Discover) asks for SSN online and I've never had a Discover sale fall through.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on March 11, 2017, 12:12:55 PM
Quote
Has anyone else noticed that sales of Barclaycard spots often don't post correctly?

How does one learn this? Do they tell you when it doesn't post correctly?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on March 11, 2017, 12:14:39 PM
Has anyone else noticed that sales of Barclaycard spots often don't post correctly? I've sold 7 spots on my card over the past 8 months, and of those, 4 posted correctly and 3 didn't. I've followed the same exact online add procedure each time.

Barclays doesn't ask for SSN in the online add form, so I'm thinking maybe I need to call and give them SSN just to add all info that can help with a correct posting.

But wondering if others have noticed this? The other card I sell regularly on (Discover) asks for SSN online and I've never had a Discover sale fall through.

All of mine have posted correctly so far.  What I do is add the AU via the online form, then call in and ask them to add the SSN.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: kpd905 on March 11, 2017, 01:40:15 PM

New company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.

Do you add online and then call just to give them the SSN?  Or have you been doing everything over the phone?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: charuhans on March 11, 2017, 01:50:06 PM
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.

I think the sales are dependent on what gets the buyers of the tradelines the maximum bang for their buck. For example, a card with limit of $14,xxx will get almost the same bang as buying a tradeline which has $15,xxx or $16,xxx limit. But the buyer would have to pay more for the card with limits of $15,xxx and over since the bracket changes from the $14K (assuming the pay structure changes as with us sellers cards limits). So I think it's beneficial for us sellers to have cards with limits like $14,xxx or $19,xxx.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on March 11, 2017, 02:03:35 PM
I wonder if a factor that plays a part in sales is the due date (or close date). If there were a more preferable date, Id certainly change mine. I had one sale for the last company last year (5 mos after joining) and none so far and I signed up in January. I have one card thats over 20k and 14 years old, so I would think its a good card.

I think the sales are dependent on what gets the buyers of the tradelines the maximum bang for their buck. For example, a card with limit of $14,xxx will get almost the same bang as buying a tradeline which has $15,xxx or $16,xxx limit. But the buyer would have to pay more for the card with limits of $15,xxx and over since the bracket changes from the $14K (assuming the pay structure changes as with us sellers cards limits). So I think it's beneficial for us sellers to have cards with limits like $14,xxx or $19,xxx.

Most of my sales have been on a card with $20,xxx.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: d4future on March 11, 2017, 03:53:50 PM
FYI, Bank of America is closing accounts for Irregular Authorized User Activity.  If you value that account, I suggest you remove from the list.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on March 11, 2017, 04:02:41 PM
FYI, Bank of America is closing accounts for Irregular Authorized User Activity.  If you value that account, I suggest you remove from the list.

Tradeline company already suspended sales on BoA cards.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: FrugalZony on March 11, 2017, 04:41:48 PM
.......I usually never count my money while sitting at the table, there'll be time enough for counting, when the dealin's done....
.....

Quoting myself ;)
out of my three January adds, only two posted correctly (Barclaycard)
Followed exact same procedure for each.
Barclay even makes you call in to add a SSN...

Still happy with two succesful ones, but bummer on the one that didn't post.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 11, 2017, 05:13:33 PM
Barclays doesn't ask for SSN in the online add form, so I'm thinking maybe I need to call and give them SSN just to add all info that can help with a correct posting.

Yes, you should call and add the SSN after adding the AU online.  If they ask why, just say "for security reasons" (i.e. you want it tied to that particular AU).

Like I said to MsFrugalista, the calls are annoying, but it's worth it to increase the chance of getting paid.

It doesn't guarantee it (as FrugalZony said, sometimes they just don't post), but it helps a lot.

I've never had a Barclay not post.   Just counted and have sold 29 lines between my wife and myself (a couple pending payment, so I can't verify they've ALL posted, but all up through Jan).

Also make sure you have a charge on the card (i.e. a balance) when the statement closes.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: PennySaved75 on March 11, 2017, 06:04:28 PM
Ka-ching!  I got paid $150 for my first (and only so far) AU added on 1-11-17 to my CapOne card (3 yrs old, $15K limit). 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on March 11, 2017, 06:54:31 PM
Just got three more adds to my Citi - another $600 in the bank!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on March 11, 2017, 07:51:46 PM
Still waiting on my first sale from the new company. Three cards with them, and I started just before New Year's (all signed paperwork, etc in by the 3rd) - one is a BoA, so I'm down to 2 "active" with them.

I'm developing patience :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MsFrugalista on March 11, 2017, 08:45:33 PM

New company wants me to call Citi to make sure the SSN is added. I suppose this is to ensure the tradeline posts correctly, but what a pain. I'll make the 2-5 mins call, but it was nice to just be able to add online and not have to deal with anyone over the phone.

Do you add online and then call just to give them the SSN?  Or have you been doing everything over the phone?

I still haven't added them, but I was planning on calling in and doing everything over the phone. It looks like you can add online initially and call in to add AU's SSN according to some other's here. I'll just do it all over the phone and then check online to ensure the spelling and details of the AU are accurate.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: MasterStache on March 13, 2017, 07:01:01 AM
The new company has yet to ask me to remove a couple AU's I added in early January. Is this typical?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on March 13, 2017, 08:41:04 AM
I was just asked to remove the two I had in January on Friday.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NorthernBlitz on March 13, 2017, 09:49:11 AM
Following
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: monarda on March 13, 2017, 10:04:38 AM
The new company has yet to ask me to remove a couple AU's I added in early January. Is this typical?

I'm also interested to learn what is typical- for how the date you get paid might be related to when you remove the AUs.

I added two AUs 3rd week in January, and was paid for them last week. I know that payment is related to whether they posted or not, and when. The company might want to leave them posted for xxx amount of time?  Have not been asked to remove them yet. 

I'm guessing it's probably some function of AU add date, statement closing date, and the date the AU is posted (on credit report?)? 

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 13, 2017, 01:54:42 PM
The AU spots are sold for two months.  Typically thye have you remove the AUs when you receive the next sale. That's been a manual process up until now, like the rest.

This should become automated once fully switched over to the portal.

Old company's portal had the date you were good to remove them, if the new one doesn't, I'll suggest it.. I haven't had a sale through the portal yet, just manuals recently, so I'm not sure--though I have seen a few referral sales go through the portal, so I know they're just starting to use it.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on March 13, 2017, 07:21:57 PM
Quote
Has anyone else noticed that sales of Barclaycard spots often don't post correctly?

How does one learn this? Do they tell you when it doesn't post correctly?

Still curious to know the answer to this.... I had an add the 4th week of Jan, 1st week of Feb and 4th week of Feb. I'm assuming they posted because I haven't heard from them indicating otherwise, yet other people have commented about cards not posting, so it's kind of confusing. I also haven't received any $$$ yet though.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 13, 2017, 09:14:14 PM
Quote
Has anyone else noticed that sales of Barclaycard spots often don't post correctly?

How does one learn this? Do they tell you when it doesn't post correctly?

Still curious to know the answer to this.... I had an add the 4th week of Jan, 1st week of Feb and 4th week of Feb. I'm assuming they posted because I haven't heard from them indicating otherwise, yet other people have commented about cards not posting, so it's kind of confusing. I also haven't received any $$$ yet though.

Yes, you'll either get paid if it posted, or get a copy of the credit report showing it didn't post if it didn't.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoodedfalcon on March 14, 2017, 08:15:59 AM
Yes, you'll either get paid if it posted, or get a copy of the credit report showing it didn't post if it didn't.

Is there any rhyme or reason to why certain cards don't post? Is there anything we can do to increase the chances this would happen? Other than maintain a balance? Do larger balances have a greater chance of posting, etc? Anyone know if USAA cards have issues posting?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: LizzyBee on March 14, 2017, 08:56:02 AM
Can you have the same card with more than one tradeline company as long as you are careful not to add too many authorized users?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: cheapass on March 14, 2017, 09:18:38 AM
Well shit, another month come and gone without any adds. I've got a $33K card that's 3 years old and a $12K card that's 5 years old. Signed up in January.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sol on March 14, 2017, 09:39:21 AM
Well shit, another month come and gone without any adds. I've got a $33K card that's 3 years old and a $12K card that's 5 years old. Signed up in January.

Mine are even better than that, and still no sales.  This whole thing is a bust, thus far.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: runewell on March 14, 2017, 10:16:35 AM
This whole thing is a bust, thus far.

Same for me, and probably others.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: missundecided on March 14, 2017, 10:19:03 AM
This whole thing is a bust, thus far.

Same for me, and probably others.

Me too.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HipGnosis on March 14, 2017, 10:21:00 AM
Well shit, another month come and gone without any adds. I've got a $33K card that's 3 years old and a $12K card that's 5 years old. Signed up in January.
Mine are even better than that, and still no sales.  This whole thing is a bust, thus far.
It could be that your 'better' cards are to 'costly' to the buyers(renters). 
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: HipGnosis on March 14, 2017, 10:32:54 AM
I got an Email (from the (new) Co.) that my AU add last week wasn’t completed in time
Thru EMails (which were prompt) I found out that;
On the Portal; My Tasks;  shows (in red) “Add Completed”   THIS IS A BUTTON TO PRESS after doing the add!  I thought it was a confirmation...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: cheapass on March 14, 2017, 12:00:00 PM
I guess I spoke too soon, just got an email for my first add!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on March 14, 2017, 12:07:53 PM
To that point, I have some new information pending about upcoming sales.  Give me til the beginning of next week, due to the weekend, but update coming.
ARS, did I miss this, or am I just a little impatient?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on March 14, 2017, 01:46:58 PM
To that point, I have some new information pending about upcoming sales.  Give me til the beginning of next week, due to the weekend, but update coming.
ARS, did I miss this, or am I just a little impatient?

C'mon - the guy is RE, traveling the world with his wife and baby and posting mostly via phone. I forget the time zone.  Patience. :D
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: ducky19 on March 14, 2017, 06:44:37 PM
Just got a last minute add to my Citi card - that's four for the month at $200 a pop! Doing my happy dance today!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: Padonak on March 14, 2017, 08:53:18 PM
This whole thing is a bust, thus far.

Same for me, and probably others.

Me too.

Same here. Had 3 sales with the "old" company last year. Registered with the new one, no sales. No sales with the old one this year either. My credit cards are good, the oldest one is over 5 years old with a high credit line.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: medinaj2160 on March 15, 2017, 10:46:50 AM
No sale here either. One of my car says "Resting Card" instead of "Active" what does that mean?
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sw1tch on March 15, 2017, 10:57:58 AM
No sale here either. One of my car says "Resting Card" instead of "Active" what does that mean?

I'm pretty sure that has to do with specific types of cards that currently have issues or are not allowed.

Currently, I have 2 cards that show as "resting":
    - My Bank of America card - if you've read up-thread a little bit it makes sense since BoA accounts are getting shut down
    - My Chase card - I didn't meet their 25K limit for a chase card but added it anyway; I assumed that was why it showed as resting
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sol on March 15, 2017, 11:02:09 AM
No sale here either. One of my car says "Resting Card" instead of "Active" what does that mean?

It means they're not even offering it to anyone right now. 

If it's a chase or BofA card, it's been shut down indefinitely.  If it's a card that has previously had sales, it's probably just on pause to avoid bank suspicion from too many AUs.

I shouldn't complain about NOT getting any benefit out of this idea, but it does sting a little to watch other folks rolling in free money.  Rebs is apparently making about $50k/yr just from tradelines in retirement, in addition to his consulting and his wife's novel writing, and their real estate empire (which I think is 14 properties now?)

Based on the information presented in this thread for prices and number of eligible sales, my specific cards should be worth roughly $10k/year in potential tradeline sales.  Instead, three months in and it's still exactly $0.00.  What a colossal waste of time and attention.  Apparently I should just keep my 9 to 5.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NinetyFour on March 15, 2017, 02:22:53 PM
Got an e-mail from the New Company.  Need to add 2 AUs to my Barclay card.

Question:  When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"?  I already added one of them, and entered his address, but made sure that the card will be delivered to my address.  Is that what I was supposed to do?  Or did I need to enter his address at all?

And after I add them online, I have to call Barclay's to give them the SSN's, right?

Thanks.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on March 15, 2017, 03:40:47 PM
Got an e-mail from the New Company.  Need to add 2 AUs to my Barclay card.

Question:  When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"?  I already added one of them, and entered his address, but made sure that the card will be delivered to my address.  Is that what I was supposed to do?  Or did I need to enter his address at all?

And after I add them online, I have to call Barclay's to give them the SSN's, right?

Thanks.

ARS stated that he never added the SSN for Barclays and it's never not posted. YMMV of course.

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 15, 2017, 03:51:03 PM
Yes, you'll either get paid if it posted, or get a copy of the credit report showing it didn't post if it didn't.

Is there any rhyme or reason to why certain cards don't post? Is there anything we can do to increase the chances this would happen? Other than maintain a balance? Do larger balances have a greater chance of posting, etc? Anyone know if USAA cards have issues posting?

Sometimes they just don't post.  But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly.  Make sure you add in the SSNs, addresses, any info needed.  And yes, have it close with a balance.

Can you have the same card with more than one tradeline company as long as you are careful not to add too many authorized users?

No.

I got an Email (from the (new) Co.) that my AU add last week wasn’t completed in time
Thru EMails (which were prompt) I found out that;
On the Portal; My Tasks;  shows (in red) “Add Completed”   THIS IS A BUTTON TO PRESS after doing the add!  I thought it was a confirmation...

Good to know!  Thanks for letting us know!

To that point, I have some new information pending about upcoming sales.  Give me til the beginning of next week, due to the weekend, but update coming.
ARS, did I miss this, or am I just a little impatient?

Neither.  I was waiting for some email clarification, and then yesterday I was on an 11 hour flight Auckland to Tokyo, plus time zone.  Coming in my next post.

Just got a last minute add to my Citi card - that's four for the month at $200 a pop! Doing my happy dance today!

Nice!

This is what I was expecting for people.  More info in the next post.

Got an e-mail from the New Company.  Need to add 2 AUs to my Barclay card.

Question:  When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"?  I already added one of them, and entered his address, but made sure that the card will be delivered to my address.  Is that what I was supposed to do?  Or did I need to enter his address at all?

And after I add them online, I have to call Barclay's to give them the SSN's, right?

Thanks.

Add them online, use the AU's address (though the card will be sent to yours, and will say so).

If you want to make extra sure it posts, call and ask to add the SSN.  Not 100% necessary (I don't), but probably worth the effort just to help ensure it (if I ever had one not post, I'd probably regret losing the $200 or so, and then start calling each time... I'm gambling for the moment on saving my time versus the money).

Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 15, 2017, 03:51:18 PM
Okay, so... some frustrating news, but it should clarify things.

Those of you that aren't seeing adds?  It's because you weren't in the system.

...yeah.  =/

I just found out, when inquiring why many people are getting multiple adds over and over, three months in a row now, while others with good cards are seeing no sales, that they basically were only using a small subset of cards (I believe the ones that got enrolled first at the end of December, then were collecting the info/required paperwork, so they'd have it for the future when the portal went live, but stopped adding the cards into their sales pipeline).

In essence, to put card into their "old system" (which was really just a bunch of excel spreadsheets with about a million tabs) was a LOT of work.  Thus why they were trying to get the portal online.  So they only added some Mustachians' cards to the old system.

Thus all of you sitting, waiting the last two months never even had a chance to get adds.  =/

This is super disappointing to me, as I don't feel like it was communicated very well at all. I'm sure disappointing for you reading it as well.

I was taken aback when I found out about this (end of last week, and then sent some clarifying emails over the weekend/early this week) enough to even contact some other tradeline companies I've previously passed over, to do some more due diligence. 

Customer service is very important to me, and the combination of some of you not hearing back on questions (and thus me having to follow up on your behalf) and then this, well, I'm pretty upset about it.  At this point, I'm still recommending them, as I think they're the best option, but it is a frustrating event, for sure.

I shouldn't complain about NOT getting any benefit out of this idea, but it does sting a little to watch other folks rolling in free money.

I hear ya.  And I feel extremely bad.

This is what I wrote to the owner:
Quote
Oof.. I understand why you went this route, I just wish you had said something to me.

It would have been much easier to tell everyone up front "Hey, there's too many people to process manually, they're working on setting up the portal, and you won't see adds until then."

Then their expectation would have been set appropriately.

Instead they heard "you'll get adds soon!" from me and emails from you saying "you'll see adds in February" and they got nothing... and now they will hear "Well...actually they only added some people. The rest of you that signed up were told you were put in the system, but they didn't bother to really do that yet, sorry!"

I'm sure you can see how that's quite disappointing (versus being told up front).

The bottom line is: The communication was poorly handled.  The owner thought the portal would be ready MUCH quicker than it was, so he was telling people "You won't see adds until February" because he was thinking the portal would be up mid- to end- of January, and then everyone would start seeing adds in Feb.

Instead the portal was put up mid- to end- of Feb, and just started being used this week for adds.

The bottom line: if your cards are in the online portal, you're in the system now. Those cards are visible to potential AUs, and eligible to be purchased at any time.

If your cards aren't in the portal, get them in!

Best to pretend at this point that you submitted your info in January (which was still necessary to do) and were just waiting for the portal to open and them to switch over sales to (which they have, now this past week).

I can't do anything about the last few months not seeing sales.  Just crossing my fingers you all start getting sales going forward.  Please post if you do, or don't.

Sorry guys. I feel terrible when something I've recommended/endorsed gives a negative experience.  :(

Hopefully you'll all be posting like ducky19's post above, in just a few months.  :)
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: NinetyFour on March 15, 2017, 03:53:07 PM
Got an e-mail from the New Company.  Need to add 2 AUs to my Barclay card.

Question:  When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"?  I already added one of them, and entered his address, but made sure that the card will be delivered to my address.  Is that what I was supposed to do?  Or did I need to enter his address at all?

And after I add them online, I have to call Barclay's to give them the SSN's, right?

Thanks.

ARS stated that he never added the SSN for Barclays and it's never not posted. YMMV of course.


Thanks, tj.

The company owner just told me that I should not add AUs for Barclay on the Barclay site.  Rather, I should call Barclay to make the adds.  Also, he suggested that I insist on giving Barclay the AU's SSN, even if they tell me it's not necessary.

Still not sure whether I need to give Barclay the AU's address...
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on March 15, 2017, 04:00:41 PM
Got an e-mail from the New Company.  Need to add 2 AUs to my Barclay card.

Question:  When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"?  I already added one of them, and entered his address, but made sure that the card will be delivered to my address.  Is that what I was supposed to do?  Or did I need to enter his address at all?

And after I add them online, I have to call Barclay's to give them the SSN's, right?

Thanks.

It's better to add the AU's address and the SSN (via a phone call).  I had been adding the Barclay's AUs via the online form but will switch to calling in per NinetyFour's post immediately above.

Credit reports are created by the credit agencies collecting vast amounts of information and trying to combine that data into individual credit reports.  Think about it - how does the credit agency know that an item belongs on my report vs. someone else's?  They look at the identifying information and make an educated guess via an algorithm if there is "enough" of a match.  The more of the items that are present and the more exact of a match, the more likely it is to end up on the person's credit report.  They don't spell it out, but the identifying information is clearly first/last/middle name, address, date of birth, and SSN.  (Also, there doesn't have to be an exact match; my father's and my credit reports' early histories were intertwined because we share a first and last name and shared an address before I left for college.  Not a problem as we both have stellar credit.)

So do whatever you want, but if you want to get paid and continue to get sales in the future, I'd recommend adding all of the information that the company gives you and do whatever you can to make sure it is added correctly.  Personally, I always add name, DOB, SSN, and address, and if I'm doing it over the phone I have the CSR read it back to me to make sure it's correct.  I also make sure to carry a small balance whenever I have AUs on my card.  I've had 100% success so far with these techniques - which are simply what the companies ask you to do in the information they send.  You could do less than that and maybe still succeed - ARS does, and that's fine with me.  Personally I figure why do something part way and take a risk of wasting some of my time, making the company look bad, and increase the risk of not getting paid just to save myself five or ten minutes of additional hassle?  But again, everyone can weigh it out for themselves.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: tj on March 15, 2017, 04:02:20 PM
Got an e-mail from the New Company.  Need to add 2 AUs to my Barclay card.

Question:  When I add them online, do I need to enter the AU's address, or can I just choose "same as primary cardholder's address"?  I already added one of them, and entered his address, but made sure that the card will be delivered to my address.  Is that what I was supposed to do?  Or did I need to enter his address at all?

And after I add them online, I have to call Barclay's to give them the SSN's, right?

Thanks.

ARS stated that he never added the SSN for Barclays and it's never not posted. YMMV of course.


Thanks, tj.

The company owner just told me that I should not add AUs for Barclay on the Barclay site.  Rather, I should call Barclay to make the adds.  Also, he suggested that I insist on giving Barclay the AU's SSN, even if they tell me it's not necessary.

Still not sure whether I need to give Barclay the AU's address...

Why don't you want to give them the AU's address? It's probably more likely to post if you use the address.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on March 15, 2017, 04:03:33 PM
I got an Email (from the (new) Co.) that my AU add last week wasn’t completed in time
Thru EMails (which were prompt) I found out that;
On the Portal; My Tasks;  shows (in red) “Add Completed”   THIS IS A BUTTON TO PRESS after doing the add!  I thought it was a confirmation...

I have not used the portal yet for an actual sale, so maybe I am confusing myself...

Does the above mean to click the button after you performed the add?  ie Similar to the way that old TL company had a button.

Thanks to anyone who can clarify.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: arebelspy on March 15, 2017, 04:05:28 PM
I got an Email (from the (new) Co.) that my AU add last week wasn’t completed in time
Thru EMails (which were prompt) I found out that;
On the Portal; My Tasks;  shows (in red) “Add Completed”   THIS IS A BUTTON TO PRESS after doing the add!  I thought it was a confirmation...

I have not used the portal yet for an actual sale, so maybe I am confusing myself...

Does the above mean to click the button after you performed the add?  ie Similar to the way that old TL company had a button.

Thanks to anyone who can clarify.

Yes, that is what HipG is saying. Once you've added the AU with info from the portal, you click the "add completed" text, which is a button you must click that confirms to the company that you did that add (similar to how you'd email them confirmation before).
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: katsiki on March 15, 2017, 04:05:34 PM
Hey guys & gals...

This may give everyone some hope.  I too have had no sales yet.  I just noticed that one of my cards is showing a sale to start in April.  Woohoo! 

Hopefully, everyone will start seeing activity soon!!
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: sol on March 15, 2017, 04:38:44 PM
they basically were only using a small subset of cards... stopped adding the cards into their sales pipeline.

We (spouse and I) had already concluded that it was something like this.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: TomTX on March 15, 2017, 06:23:05 PM
So, my two active cards closed on the 13th. The 3rd is now "resting."

That means I have now missed 3 months of sales because the company couldn't be bothered to add me into their old system.

And I've been checking that email all the time just to be able to respond quickly.

It's incredibly frustrating to me, and I feel disrespected by the tradeline company.  They misled me literally for months.

After sending all my information and completing the back-and-forth emails on January 3rd, about a week later I specifically asked:

"Just checking in to make sure everything was added to your system without issue. Please let me know if you need anything else from me."

(owner) response:

"Yes, everything is good and there's nothing further needed at this time... "

No caveat about waiting for the portal, just to be patient until February because of the many new cards.

It's nice that other Mustachians have been able to get sales.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: hoping2retire35 on March 16, 2017, 07:53:15 AM
Quote
Sometimes they just don't post.  But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly.  Make sure you add in the SSNs, addresses, any info needed.  And yes, have it close with a balance.


I was always confused when people said this. So we are supposed to close with an interest bearing balance??  Obviously a few cents in interest is a lot less than $150/2 or whatever but I was not quite sure if we are supposed to charge something to the card let the statement close with a charge on the card or charge the card then just pay it off a few days later within the statement. I thought it was the latter.

edited for clarity.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: flashflooder on March 16, 2017, 07:59:54 AM
Quote
Sometimes they just don't post.  But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly.  Make sure you add in the SSNs, addresses, any info needed.  And yes, have it close with a balance.


I was always confused when people said this. So we are supposed to close with an interest bearing balance??  Obviously a few cents in interest is a lot less than $150/2 or whatever but I was not quite sure if we are supposed to charge something to the card let the statement close with a charge on the card or charge the card then just pay it off a few days later within the statement. I thought it was the latter.

edited for clarity.

you let it close with a balance, but pay it before the due date.  No interest charged.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: secondcor521 on March 16, 2017, 08:00:44 AM
Quote
Sometimes they just don't post.  But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn't show up or report correctly.  Make sure you add in the SSNs, addresses, any info needed.  And yes, have it close with a balance.


I was always confused when people said this. So we are supposed to close with an interest bearing balance??  Obviously a few cents in interest is a lot less than $150/2 or whatever but I was not quite sure if we are supposed to charge something to the card let the statement close with a charge on the card or charge the card then just pay it off a few days later within the statement. I thought it was the latter.

edited for clarity.

The recommended practice is to have a balance on your statement closing date, which will show up on your statement.  As long as you (always) pay that balance in full by the payment due date approximately 25 days later, you will not have to pay any interest.

To give a practical example, I have a Barclay's card which has a statement closing date of the 15th and a due date of the 12th.  I got an AU add on that card on 3/8.  I used the card on 2/18 to add $2.50 to my Amazon account, which will show up as my statement balance on 3/15, which I will pay off by 4/12.
Title: Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
Post by: aetherie on March 16, 2017, 08:04:18 AM
Quote
Sometimes they just don't post.  But usually it's the case of the info necessary (like SSN) not being put in, so the CC company tries to report it, but it doesn�