Author Topic: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig  (Read 1216745 times)

MoneyTree

  • Stubble
  • **
  • Posts: 134
  • Location: SF Bay Area
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4450 on: September 22, 2020, 11:21:56 PM »
I've found this site very helpful when trying to remember things like how many cards you can have for each issure, hard pulls vs soft pulls, success rate in reallocating limits, etc.

https://www.doctorofcredit.com/credit-card-reference-pages/#Things_You_Should_Know_About_Each_Card_Issuer

BikeFanatic

  • Pencil Stache
  • ****
  • Posts: 503
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4451 on: September 23, 2020, 07:06:32 AM »
That is a very concise article on multiple banks that issue cards, thanks for that Money Tree

ShellyFlorida

  • 5 O'Clock Shadow
  • *
  • Posts: 5
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4452 on: September 23, 2020, 07:36:06 AM »
@frugalnacho I saw that you wrote the following a few months ago.
"I'm pretty sure tangling up the AU with your credit report entangles them with your address as well.  I've also gotten stuff in the mail when I didn't use my own address, so now I simply use my own address for each one because it's easier."

Have you had any issues with using your own address? Which cards did you use it with? Both Chase and Discover specifically indicate to use the AU's address and not my own. Because Chase doesn't take the SSN, I was wondering if it would even work without their specific address. Just curious as much as anything. I don't have my Chase signed up with the Tradeline company but was going to add my own personal AU to it.

Any insight from others is appreciated.

frugalnacho

  • Magnum Stache
  • ******
  • Posts: 4217
  • Age: 37
  • Location: Madison Heights, Michigan
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4453 on: September 23, 2020, 08:07:53 AM »
@frugalnacho I saw that you wrote the following a few months ago.
"I'm pretty sure tangling up the AU with your credit report entangles them with your address as well.  I've also gotten stuff in the mail when I didn't use my own address, so now I simply use my own address for each one because it's easier."

Have you had any issues with using your own address? Which cards did you use it with? Both Chase and Discover specifically indicate to use the AU's address and not my own. Because Chase doesn't take the SSN, I was wondering if it would even work without their specific address. Just curious as much as anything. I don't have my Chase signed up with the Tradeline company but was going to add my own personal AU to it.

Any insight from others is appreciated.

I don't sell AU spots on chase cards.  All cards I sell/sold on take the SSN.  I've sold on BoA, citi, discover, barclays (haven't actually sold a spot on barclay yet).  Discover lets you add online so I use the AU address for that.  For citi and BoA I would just use my address.  I did previously follow the companies recommendation and put the AU address for citi and BoA, but I would still get spam offers addressed to the AU at my address, so now I simply say to use the same address since it seems so much easier.  The only thing I have had not post has been 2 out of 15 spots on my citi card, and I don't think it had anything to do with the address and everything to do with the new company giving me the adds extremely close to my closing date, and citi having technical issues getting the AU onto my account in a timely manner.  Always frustrating to see that a TL was purchased two weeks prior and the new company waited until 24 hours before my closing date to notify me to add the AU to my account.  I understand they have to complete background checks and such and the TL may not be immediately ready following the purchase, but based on the pattern is seems like they get the purchase and simply wait until just before my closing date to notify me to add for some reason, even when there seems to be no reason to wait. 

mlipps

  • Handlebar Stache
  • *****
  • Posts: 1151
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4454 on: September 23, 2020, 09:06:55 AM »
Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.

secondcor521

  • Magnum Stache
  • ******
  • Posts: 3131
  • Age: 51
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4455 on: September 23, 2020, 11:27:35 AM »
@frugalnacho I saw that you wrote the following a few months ago.
"I'm pretty sure tangling up the AU with your credit report entangles them with your address as well.  I've also gotten stuff in the mail when I didn't use my own address, so now I simply use my own address for each one because it's easier."

Have you had any issues with using your own address? Which cards did you use it with? Both Chase and Discover specifically indicate to use the AU's address and not my own. Because Chase doesn't take the SSN, I was wondering if it would even work without their specific address. Just curious as much as anything. I don't have my Chase signed up with the Tradeline company but was going to add my own personal AU to it.

Any insight from others is appreciated.

I now always use the AU address, because I always follow the TL company's recommendations as best I can.

In the past, I've sometimes used my address when I've been concerned about the CC getting sent to the AU, or when it seemed difficult to add the address (like with USAA over the phone, which took a long time to do).  I think I only used mine when the CC company also took the name, DOB, and SSN.

My personal theory, which matches the data I've seen but could still be wrong, is that it takes three pieces of data to match a CL to a person's credit report, and you're given four:  name, address, DOB, and SSN.  I also think that *if* a CL is matched to a person's credit report and a different address is supplied (such as yours), then that address will be added to the AU's credit report.  This in turn, makes it possible that you'll get mail addressed to your AUs.  I do get AU mail sometimes; I just chuck it in the trash.

Another thing that I've had happen once is that an AU of mine whom I had added with my address was watching their credit report like a hawk.  They saw the new address (mine) which wasn't theirs on their credit report, and they freaked out thinking it was identity theft.  They did some internet sleuthing and found my phone number associated with my address, and started text messaging me and asking me if I knew anything about the identity theft going on.  Since I am not supposed to contact AUs per the TL company's guidelines, I reached out to the TL company and they talked with the AU, and cleared it all up.  A minor hassle.

Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.

Not here, but it varies by mail carrier.  I *think* that the USPS is supposed to deliver all mail to an address regardless of the name (unless you tell them otherwise with a change of address form), but I'm not sure about that.  If you wanted to, you could talk to your local postmaster and ask them to make sure that you get all the mail addressed to your property.

Car Jack

  • Handlebar Stache
  • *****
  • Posts: 1701
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4456 on: September 23, 2020, 01:00:39 PM »
Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.

I get cards all the time.  And collection agency letters.  And letters from creditors to tell the AU that the account is going to collections.  Always makes me wonder what these people are thinking.....pay money to become an AU to improve their score, then stop paying bills. 

ducky19

  • Pencil Stache
  • ****
  • Posts: 617
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4457 on: September 23, 2020, 06:22:45 PM »
My mail carrier always delivers the cards, but I'm pretty sure he thinks I'm doing something shady. After the 30th or so envelope addressed to someone who doesn't live here arrived, he wrote a question mark on the outside of the envelope! lol, I just chuckled - I can only imagine what he thinks of me (not that I care).

MasterStache

  • Magnum Stache
  • ******
  • Posts: 2633
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4458 on: September 24, 2020, 06:20:14 AM »
Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.

I get cards all the time.  And collection agency letters.  And letters from creditors to tell the AU that the account is going to collections.  Always makes me wonder what these people are thinking.....pay money to become an AU to improve their score, then stop paying bills.
Same here. I even get occasional phone calls for which I just tell them they have the wrong number and I never hear back from them. Our mail carrier delivers everything including sometimes the neighbors mail. I'm not even sure he looks at the names. Probably just glances at the address.

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1597
  • Age: 40
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4459 on: September 24, 2020, 11:38:14 AM »
Does anyone have issues with actually receiving the cards? My postal carrier is super fanatical about not delivering mail if their name isn't on the box. I see the mail in my USPS informed delivery but so far I'm 0/3 on receiving them. It makes me a little nervous to have them floating around in the universe, and I'm not sure if it will make me more likely to get shut down by the issuers if they get returned to sender.

This has been reported by others in this thread (or the part I thread).  It does not happen to me but I use a PO BOX which can be a bit different on delivery.  I do not think this will affect your sales or create additional shutdown risk.

Car Jack

  • Handlebar Stache
  • *****
  • Posts: 1701
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4460 on: September 24, 2020, 11:59:47 AM »
Clearly, someone is selling addresses.  Just received an offer from Progressive for insurance targeted at a long ago AU.  His name comes in various letters all the time.  Most are from collection agencies, but insurance companies seem to like sending letters as well, offering to write insurance.

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1597
  • Age: 40
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4461 on: September 24, 2020, 06:32:56 PM »
Clearly, someone is selling addresses.  Just received an offer from Progressive for insurance targeted at a long ago AU.  His name comes in various letters all the time.  Most are from collection agencies, but insurance companies seem to like sending letters as well, offering to write insurance.

Don't want to get too off track but I think that is standard business nowadays.  Address gets on credit report.  Credit report data is sold to ad companies, etc.

goodlivin23

  • 5 O'Clock Shadow
  • *
  • Posts: 8
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4462 on: September 26, 2020, 04:09:42 PM »
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!

DavidAnnArbor

  • Handlebar Stache
  • *****
  • Posts: 2273
  • Age: 54
  • Location: Ann Arbor, Michigan
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4463 on: September 27, 2020, 04:04:04 PM »
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!

Barclays is the easiest. It's all done online.

Car Jack

  • Handlebar Stache
  • *****
  • Posts: 1701
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4464 on: September 27, 2020, 06:29:55 PM »
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!

Barclays is the easiest. It's all done online.

Agreed, but they do have an AU limit.  I hit it on one of mine.

MoneyTree

  • Stubble
  • **
  • Posts: 134
  • Location: SF Bay Area
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4465 on: September 28, 2020, 11:14:04 AM »
Barclays - hands down is the best, even with the AU limit.

Discover - is good too, but they have a limit of 2 cards per user and will periodically review their accounts for suspicious AU activity

Citi - is not that great, but better than nothing. Require a call in for the SSN and sometimes they will inexplicably not post anyways.

Capital One - works well, all online adds, but they seem to be quick to restrict your accounts, and they also have recently dropped a lot of user's credit limits, which can affect your payouts

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1597
  • Age: 40
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4466 on: September 28, 2020, 02:54:20 PM »
Agree about Barclays, of course.

Elan is pretty good too.  All online.  Unknown if there are any AU limits or a limit to the # of cards.

Padonak

  • Pencil Stache
  • ****
  • Posts: 717
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4467 on: September 28, 2020, 03:00:18 PM »
What are some good Elan cards to apply for?

ilsy

  • Stubble
  • **
  • Posts: 205
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4468 on: October 02, 2020, 01:53:43 PM »
My Synch account got suddenly closed. I don't know how many AUs I had with them, but the card was less than 2 years,  (two years this month) with 20k CL. They were also very secretive about the closure, I learned from my other CCs and Credit monitoring apps that they closed the account. Called them and they were unable to provide any info, and said I can apply for another card with them, I applied immediately and got approved. A week after the closure received a letter from them telling I had too many AUs. 

morris08

  • 5 O'Clock Shadow
  • *
  • Posts: 12
  • Location: Houston, TX
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4469 on: October 02, 2020, 02:45:42 PM »
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!

Barclays is the easiest. It's all done online.

Agreed, but they do have an AU limit.  I hit it on one of mine.


Hey Car Jack, what is the Barclaycard limit?
Once you hit it, do they close your card down?
And if so, were you able to open a new account shortly after?

MasterStache

  • Magnum Stache
  • ******
  • Posts: 2633
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4470 on: October 03, 2020, 06:46:59 AM »
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!

Barclays is the easiest. It's all done online.

Agreed, but they do have an AU limit.  I hit it on one of mine.


Hey Car Jack, what is the Barclaycard limit?
Once you hit it, do they close your card down?
And if so, were you able to open a new account shortly after?
Not sure the limit (It's on one of these pages), but they won't close your card down.

BikeFanatic

  • Pencil Stache
  • ****
  • Posts: 503
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4471 on: October 03, 2020, 08:01:14 AM »
I did not count, but I have heard Barclays limits AU to 30 to 35. I hit my limit of users and did not get shut down but could not add anymore. Also TD has a limit I hit it, and I would guess 25 users, that is what they told me over the phone, But I feel I added a few more thatís that with TD. They were also very generous with the amount of users at a time, once I had 8 on there. With Barclays I maxed at five users at a time and did not run into any issues until I hit the limit.
« Last Edit: October 03, 2020, 08:02:53 AM by BikeFanatic »

beekayworld

  • 5 O'Clock Shadow
  • *
  • Posts: 90
  • Location: SoCal
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4472 on: October 03, 2020, 08:59:52 AM »
The rep at the New Company told me Barclay's has a lifetime limit of 25-35, but I've seen comments on this thread of people who have gone over 35 before being capped . One thought he'd had 40-50.

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1597
  • Age: 40
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4473 on: October 03, 2020, 07:52:29 PM »
What are some good Elan cards to apply for?

I posted one from valley bank a couple of weeks back.  Others posted some also.

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1597
  • Age: 40
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4474 on: October 03, 2020, 07:55:19 PM »
Agree about Barclays, of course.

Elan is pretty good too.  All online.  Unknown if there are any AU limits or a limit to the # of cards.

Well, elan restricted my card.  They cited pattern of adding & removing authorized users.

21 AU's over 2 years, so a good run.

Hope I was unlucky and they are not going to get more aggressive with others.

secondcor521

  • Magnum Stache
  • ******
  • Posts: 3131
  • Age: 51
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4475 on: October 03, 2020, 07:57:22 PM »
Agree about Barclays, of course.

Elan is pretty good too.  All online.  Unknown if there are any AU limits or a limit to the # of cards.

Well, elan restricted my card.  They cited pattern of adding & removing authorized users.

21 AU's over 2 years, so a good run.

Hope I was unlucky and they are not going to get more aggressive with others.

If they didn't outright cancel the card and only restricted it, oftentimes those restrictions are temporary.

Car Jack

  • Handlebar Stache
  • *****
  • Posts: 1701
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4476 on: October 05, 2020, 06:22:24 AM »
Hi all,
I'm trying to keep track of all the great info on this subject. I want to try to open up a new card (I have one of almost everyone listed on this chain). Which cards do NOT have a lifetime AU add? Also, which cards have you personally found to be the easiest for TLs? THANK YOU!

Barclays is the easiest. It's all done online.

Agreed, but they do have an AU limit.  I hit it on one of mine.


Hey Car Jack, what is the Barclaycard limit?
Once you hit it, do they close your card down?
And if so, were you able to open a new account shortly after?

I'm not sure the number.  It was a "new, low limit" card at $25 a shot and always got 2 AUs on it.  So probably 2 year's worth (so 24 AUs?).

They did not close the account.  I had 2 AUs not post (the tradeline co notified me).  I since tested by adding my wife and it did post.....so I don't know.  I did not open another card.

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1597
  • Age: 40
  • Location: La.
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4477 on: October 05, 2020, 04:14:24 PM »
Agree about Barclays, of course.

Elan is pretty good too.  All online.  Unknown if there are any AU limits or a limit to the # of cards.

Well, elan restricted my card.  They cited pattern of adding & removing authorized users.

21 AU's over 2 years, so a good run.

Hope I was unlucky and they are not going to get more aggressive with others.

If they didn't outright cancel the card and only restricted it, oftentimes those restrictions are temporary.

Good to know.  Thanks!

I think they may have cancelled it based on subsequent credit monitoring alerts but I need to look into this more.

Padonak

  • Pencil Stache
  • ****
  • Posts: 717
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4478 on: October 05, 2020, 07:55:55 PM »
Has anyone applied for a second Fidelity credit card if you already had one? Did you get approved and was the credit line lower for the second card?

Pizzabrewer

  • Pencil Stache
  • ****
  • Posts: 641
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4479 on: October 07, 2020, 05:06:59 PM »
So after following this thread for a few years, and having opened and seasoned a few cards, I finally signed up with the old company.  I just got my first sale today!  Woo hoo!!

It was on my Barclay's card.  I did the online add (pretty simple), but there's no place to add the SSN.  Looking at the PDF instructions from the company, it mentions only name, address and DOB.  So I assume I'm good?

I'm sure this has been asked and answered many times already.  Sorry for the repeat.

aetherie

  • Pencil Stache
  • ****
  • Posts: 810
  • Age: 28
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4480 on: October 07, 2020, 05:12:01 PM »
So after following this thread for a few years, and having opened and seasoned a few cards, I finally signed up with the old company.  I just got my first sale today!  Woo hoo!!

It was on my Barclay's card.  I did the online add (pretty simple), but there's no place to add the SSN.  Looking at the PDF instructions from the company, it mentions only name, address and DOB.  So I assume I'm good?

I'm sure this has been asked and answered many times already.  Sorry for the repeat.

Yep, for Barclays you can just ignore the SSN.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28262
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4481 on: October 07, 2020, 05:14:51 PM »
Yep, but make sure to put the AU's address, so it will post without the SSN.

I've never had a Barclays not post, and I've never called in to add the SSN.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

MasterStache

  • Magnum Stache
  • ******
  • Posts: 2633
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4482 on: October 08, 2020, 05:11:28 AM »
Yep, but make sure to put the AU's address, so it will post without the SSN.

I've never had a Barclays not post, and I've never called in to add the SSN.

I've had dozens of Barclaycard sales and had exactly 1 not post. To this day I still have no ideal why. Just a freak anomaly I guess. 

MoseyingAlong

  • Stubble
  • **
  • Posts: 163
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4483 on: October 09, 2020, 12:37:59 AM »
Re. delayed payments and [New Company]

Just wanted to share that I emailed [New Company] Saturday about a few delayed payments. I included the relevant card, the AUs' initials and when I added them. Payment is now in my account!

While ideally no reminder would be needed, the speed of this response was great.
« Last Edit: October 09, 2020, 12:58:06 AM by arebelspy »

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28262
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4484 on: October 09, 2020, 12:59:25 AM »
Edited your post to remove the person's name and replace w/ which company you were talking about.

Thanks for posting that update!

I'm glad to hear it. I believe a few members have reached out lately and gotten paid. Definitely a hassle/annoyance, but it does seem everyone is getting paid, so that's good at least.

I'd still recommend old company over new, due to the automated payments and higher sales, but if/when old company isn't enrolling cards, new company is a good place to put them.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

frugalnacho

  • Magnum Stache
  • ******
  • Posts: 4217
  • Age: 37
  • Location: Madison Heights, Michigan
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4485 on: October 09, 2020, 07:55:56 AM »
The payment issues are so wide spread and have been happening for so long that I can't believe it's not intentional at this point.  You've mastered this business, all except being able to pay people on time? GTFO with that nonsense. 

I've had issues with the new company in the past, but I don't think I've reconciled any of my payments for 2020 yet (it's been a wild year and I've really not been paying close attention to my finances).  I suspect when I go to reconcile everything I'll be back to also bitch about delayed payments.

hooooo boy, I should have been more on top of paying attention to payments coming in (or not coming in rather).  Have they (new company) switched book keeping methods?  Previously the payments would show up in my bank account as something like "ACH Deposit COMPANY NAME TYPE: QUICKBOOKS CO: COMPANY NAME", but I haven't received a deposit since July 2019 even though I've had a lot of sales.  Currently seeing a $1,000 discrepancy between my orders and deposits to my checking account.  Some of that is recent stuff that shouldn't have posted, but at least half of it is long over due.

Paging @arebelspy to get to the bottom of this mystery. 

ETA: I've emailed my spreadsheet directly to arebelspy.

Finally heard back from [Edit: New Company] a few days ago, and just had a $600 backlog payment post to my account.  Still have another $475 coming, but those are for recent adds that wouldn't be paid out yet, so I'll get the rest of that as they come due hopefully. 
« Last Edit: October 14, 2020, 09:53:59 AM by arebelspy »

shingy

  • 5 O'Clock Shadow
  • *
  • Posts: 52
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4486 on: October 12, 2020, 11:08:46 AM »
I decided a couple months ago to open some new cards so I can start seasoning them for future tradeline selling. Based on the info from this awesome thread, I first applied for and was approved for a Barclays card in August. Now, I want to open a second and possibly third and I'm not sure which ones to apply for. I currently have cards with Barclays, Citi, Chase, and Bank of America. Given that, I've narrowed the list down to the following issuers: Discover, PNC, US Bank, and Capital One. Which of these should I apply for and in what order? Also, is it ok to apply for two cards at the same time, or should I wait a few months between each?

Thanks in advance for your help and feedback.

-Jason

secondcor521

  • Magnum Stache
  • ******
  • Posts: 3131
  • Age: 51
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4487 on: October 12, 2020, 11:31:58 AM »
I decided a couple months ago to open some new cards so I can start seasoning them for future tradeline selling. Based on the info from this awesome thread, I first applied for and was approved for a Barclays card in August. Now, I want to open a second and possibly third and I'm not sure which ones to apply for. I currently have cards with Barclays, Citi, Chase, and Bank of America. Given that, I've narrowed the list down to the following issuers: Discover, PNC, US Bank, and Capital One. Which of these should I apply for and in what order? Also, is it ok to apply for two cards at the same time, or should I wait a few months between each?

Thanks in advance for your help and feedback.

-Jason

For piggybacking purposes, the thing I prefer to focus on is ease of adding and removing AUs.  High credit limits and not getting shut down are also useful features.  USBank (and Chase IIRC) can add online and remove via a SM.  CapOne (and Barclays) can add and remove online.  I don't know about the others.

If you don't have too many cards already (and by too many I mean 10+) and aren't worried about the near-term credit hit, then you can probably apply for two cards and get approved for both pretty easily.  You do also want to be sure that you're following the issuer rules and restrictions (Chase 5/24 for example; other issuers have other less famous rules that they enforce).  But if it's two cards by two different issuers I can't imagine a problem there.  You can read about the issuer restrictions on Doctor of Credit and probably elsewhere as well.

As far as order goes, I usually order my apps in order of importance or value to me of getting the card.  Since you're only doing two, you could have both apps filled out and open in two tabs on your browser and then try to submit them as simultaneously as possible.  Doing it this way makes it somewhat possible that the two issuers' computers will not see your app to the other.  Of course if you aren't auto-approved and a human looks at it, they'll probably notice the other app.  Even so, applying for two cards isn't that strange.  Credit analysts do look askance at application sprees though and will be somewhat concerned with large numbers of apps at one time (been there, done that, have the t-shirt).

frugalnacho

  • Magnum Stache
  • ******
  • Posts: 4217
  • Age: 37
  • Location: Madison Heights, Michigan
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4488 on: October 12, 2020, 12:35:43 PM »
I decided a couple months ago to open some new cards so I can start seasoning them for future tradeline selling. Based on the info from this awesome thread, I first applied for and was approved for a Barclays card in August. Now, I want to open a second and possibly third and I'm not sure which ones to apply for. I currently have cards with Barclays, Citi, Chase, and Bank of America. Given that, I've narrowed the list down to the following issuers: Discover, PNC, US Bank, and Capital One. Which of these should I apply for and in what order? Also, is it ok to apply for two cards at the same time, or should I wait a few months between each?

Thanks in advance for your help and feedback.

-Jason

For piggybacking purposes, the thing I prefer to focus on is ease of adding and removing AUs.  High credit limits and not getting shut down are also useful features.  USBank (and Chase IIRC) can add online and remove via a SM.  CapOne (and Barclays) can add and remove online.  I don't know about the others.

If you don't have too many cards already (and by too many I mean 10+) and aren't worried about the near-term credit hit, then you can probably apply for two cards and get approved for both pretty easily.  You do also want to be sure that you're following the issuer rules and restrictions (Chase 5/24 for example; other issuers have other less famous rules that they enforce).  But if it's two cards by two different issuers I can't imagine a problem there.  You can read about the issuer restrictions on Doctor of Credit and probably elsewhere as well.

As far as order goes, I usually order my apps in order of importance or value to me of getting the card.  Since you're only doing two, you could have both apps filled out and open in two tabs on your browser and then try to submit them as simultaneously as possible.  Doing it this way makes it somewhat possible that the two issuers' computers will not see your app to the other.  Of course if you aren't auto-approved and a human looks at it, they'll probably notice the other app.  Even so, applying for two cards isn't that strange.  Credit analysts do look askance at application sprees though and will be somewhat concerned with large numbers of apps at one time (been there, done that, have the t-shirt).

Discover is also added/removed online. Super easy.

I'm skeptical that submitting the apps simultaneously can actually bamboozle anyone based on my recent experience of applying for 13 cards between myself and my wife.  I didn't submit them simultaneously, but some within seconds of each other, and all within a few minute time span.  Many of the rejections were instantaneous and the reasoning given in the follow up letter was that I had applied for too many credit accounts recently.  Since I haven't applied for a new card in like 2 years, they must be talking about the accounts I applied to just seconds before submitting their application.   

friendofwealth

  • 5 O'Clock Shadow
  • *
  • Posts: 3
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4489 on: October 12, 2020, 01:16:01 PM »
I still have two AUs on my Discover card that were added back in August. I was going to remove them tomorrow, 10/13/2020, per the removal date indicated by the Old Company.

I received two new orders today. When I tried to add two new AUs on my Discover card today, I got the following message:

You've reached the maximum number of requests to add Authorized Users at this time.
You'll be able to add your next Authorized User on 11/13/2020 if you have fewer than 5 Authorized Users at that time.


I only have two AUs posted on my card right now. I should still be able to add three more AUs, but it looks like Discover is doing some kind of check to see how many AUs have been added the past few months and it looks like there's some kind of limit now.

Has anyone else encountered this?

Thank you.
« Last Edit: October 12, 2020, 01:21:42 PM by friendofwealth »

Michael in ABQ

  • Handlebar Stache
  • *****
  • Posts: 1092
    • Military Saints
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4490 on: October 12, 2020, 01:20:37 PM »
A database can be updated in a fraction of a second. There's no reason to think that you clicking submit on two applications as quickly as you can (probably taking 1-2 second) will outrun the computer. Especially since credit card companies have a vested interest in denying credit to someone trying to submit multiple applications simultaneously. Even for those of us just trying to take advantage of tradelines or rewards. There's also fraud prevention. How many completely fraudulent credit card applications are submitted by bots or some person committing identity theft? Limiting applications is a risk management strategy. Better to have only one card approved than 5-10 which could be used for fraud - ultimately leaving the credit card company (well the bank issuing the card) on the hook.

DeniseNJ

  • Bristles
  • ***
  • Posts: 402
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4491 on: October 13, 2020, 05:19:28 AM »
I still have two AUs on my Discover card that were added back in August. I was going to remove them tomorrow, 10/13/2020, per the removal date indicated by the Old Company.

I received two new orders today. When I tried to add two new AUs on my Discover card today, I got the following message:

You've reached the maximum number of requests to add Authorized Users at this time.
You'll be able to add your next Authorized User on 11/13/2020 if you have fewer than 5 Authorized Users at that time.


I only have two AUs posted on my card right now. I should still be able to add three more AUs, but it looks like Discover is doing some kind of check to see how many AUs have been added the past few months and it looks like there's some kind of limit now.

Has anyone else encountered this?
This just happened to me this morning!  I have 4 on right now.  They must have done some sort of sweep.  But I didn't see anywhere a max number of users in a period, only not more than 5 at a time.  My message says until April--ugh

friendofwealth

  • 5 O'Clock Shadow
  • *
  • Posts: 3
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4492 on: October 13, 2020, 09:33:20 AM »
I still have two AUs on my Discover card that were added back in August. I was going to remove them tomorrow, 10/13/2020, per the removal date indicated by the Old Company.

I received two new orders today. When I tried to add two new AUs on my Discover card today, I got the following message:

You've reached the maximum number of requests to add Authorized Users at this time.
You'll be able to add your next Authorized User on 11/13/2020 if you have fewer than 5 Authorized Users at that time.


I only have two AUs posted on my card right now. I should still be able to add three more AUs, but it looks like Discover is doing some kind of check to see how many AUs have been added the past few months and it looks like there's some kind of limit now.

Has anyone else encountered this?
This just happened to me this morning!  I have 4 on right now.  They must have done some sort of sweep.  But I didn't see anywhere a max number of users in a period, only not more than 5 at a time.  My message says until April--ugh

Sorry to hear that happened to you too.

Here are the number of AUs I've had on my Discover card for reference. Maybe it's 5 AUs per six months?
September 2019:2
October 2019:2
February 2020:2
April 2020:1
June 2020:2
August 2020:2
« Last Edit: October 14, 2020, 08:34:38 PM by friendofwealth »

solon

  • Handlebar Stache
  • *****
  • Posts: 1864
  • Age: 1820
  • Location: CO
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4493 on: October 14, 2020, 05:42:20 PM »
I just got this email:


Hello Credit Partners,

We are writing to our credit partner network to let you know that Discover appears to have made some policy changes in regards to the volume of authorized users (AUís) they are allowing their card holders to add and remove every year.
 
We have been able to confirm directly with Discover that they say their new policy is 7 AUís every year, possibly on a rolling 12 month cycle. However, we are also watching our statistics closely and we have more than one confirmed instance of a credit partner still being able to add an AU with more than 7 AUís in their history in the last 12 months and more than one instance of a credit partner with less than 7 AUís in the last year being restricted on adding AUís. Therefore, it does not appear that these rules are being enforced uniformly across the board with everyone.
 
In response, we have temporarily reduced the maximum number of AUís to one per Discover card while we continue to monitor and track stats on the situation.
 
If you receive a message from Discover saying that you cannot add another AU until a certain date, please let us know that date so we can note you account.
 
We will keep you informed on any new developments we find out as the information comes in.

friendofwealth

  • 5 O'Clock Shadow
  • *
  • Posts: 3
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4494 on: October 14, 2020, 08:36:03 PM »
I just got this email:


Hello Credit Partners,

We are writing to our credit partner network to let you know that Discover appears to have made some policy changes in regards to the volume of authorized users (AUís) they are allowing their card holders to add and remove every year.
 
We have been able to confirm directly with Discover that they say their new policy is 7 AUís every year, possibly on a rolling 12 month cycle. However, we are also watching our statistics closely and we have more than one confirmed instance of a credit partner still being able to add an AU with more than 7 AUís in their history in the last 12 months and more than one instance of a credit partner with less than 7 AUís in the last year being restricted on adding AUís. Therefore, it does not appear that these rules are being enforced uniformly across the board with everyone.
 
In response, we have temporarily reduced the maximum number of AUís to one per Discover card while we continue to monitor and track stats on the situation.
 
If you receive a message from Discover saying that you cannot add another AU until a certain date, please let us know that date so we can note you account.
 
We will keep you informed on any new developments we find out as the information comes in.

Thanks for sharing this info. At least Discover isn't shutting down accounts.

morris08

  • 5 O'Clock Shadow
  • *
  • Posts: 12
  • Location: Houston, TX
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4495 on: October 15, 2020, 09:22:15 AM »
re: Discover
We enrolled my wife's card in Jan 2019 and have had 19 AU's so far (7 of them this year).
We went to remove an AU on 9/14 but her online Discover account was locked and a message told us to call.
They had sent a couple of emails to us a couple of weeks prior but my wife never read them (junk mail, she thought).
It turns out, they are going through a verification process,  Equifax is requesting a Form 4506-T from the IRS for my wife.  Ugh.

We won't get access to our online Discover account until the review is over.
« Last Edit: October 15, 2020, 09:24:06 AM by morris08 »

powskier

  • Bristles
  • ***
  • Posts: 381
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4496 on: October 15, 2020, 11:09:20 PM »
Old company really slowed down for me in the past few months and then did not pay me until I emailed them months after they should have paid. I may have to say good bye to them altogether.

This whole gig was better a few years ago for sure.

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28262
  • Age: -999
  • Location: Seattle, WA
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4497 on: October 15, 2020, 11:10:35 PM »
Old company really slowed down for me in the past few months and then did not pay me until I emailed them months after they should have paid. I may have to say good bye to them altogether.

This whole gig was better a few years ago for sure.

Old company's payments are all automated monthly. Did you mean new company? They're the only ones with late payments AFAIK.

For me it's as good as it's ever been, old company is seeing tons of growth/sales.
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

MoneyTree

  • Stubble
  • **
  • Posts: 134
  • Location: SF Bay Area
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4498 on: October 15, 2020, 11:45:27 PM »
another DP on Discover. I got a message that I've reached my AU limit and they won't let me add more until after my statement closing date in December.

I've added 8 AUs this year (2020) and 2 in November of 2019.

powskier

  • Bristles
  • ***
  • Posts: 381
Re: Selling Tradelines / Piggybacking Part II: $1000+/hr, 20-40k/yr. Side Gig
« Reply #4499 on: October 16, 2020, 12:08:21 AM »
Old company really slowed down for me in the past few months and then did not pay me until I emailed them months after they should have paid. I may have to say good bye to them altogether.

This whole gig was better a few years ago for sure.

Old company's payments are all automated monthly. Did you mean new company? They're the only ones with late payments AFAIK.

For me it's as good as it's ever been, old company is seeing tons of growth/sales.
No, I mean Old company for sure ( it was the only company on here for a while...as you know since you are the Godfather and all...:). ), it super slowed down for me and the payments just stopped. The new company has been consistent and easy to deal with.