Growing up, my father primarily taught me that cash was king. He never once used a credit card or even knew of its’ existences.
Then, when I was 20 years old at the time, my boyfriend introduced me to the world of credit cards. I did not have any interest at first until I realized just how wonderful these little financial tools are.
This is how I stumbled upon the idea of selling my tradelines. What are tradelines you ask? Basically, your own accounts that banks qualify you for when you open up a new credit card. You can sell your authorize user spots for CASH.
As a poor college student, I was constantly trying to figure out ways to pay for my food, clothes and tuition.
I was already working a full time job and going to classes in the evening.
By the time I graduated college and started my new job, I stumbled upon this topic once again.
In order to sell your tradelines, some of these companies require you to have 2+ years of on-time payments.
Also, the higher your credit limit, the MORE they pay you.
At this point, I have worked on my credit from scratch and I have quite a few cards with high limits that I can now sell my tradelines.
Is this safe and is it illegal you’re asking? There is risk to everything. However, when you sell your tradelines, you can opt out of providing them a physical card to use. Think of it this way: They simply have your good credit on their report to help boost their credit but they do not have access to your credit cards. This is 100% legal, however, your credit card company may frown upon this if they find out and you might risk your cards being shut down.
Let me break this down for you as to how I can earn $5,040 annually simply from owning credit cards and with barely any work.
The company I work for pays me $60-80 per authorize user spots that I sell. Currently, I have 4 cards that I’m selling. My Chase and Discover cards are selling for $60 a piece with two spots each. My Barclays card is selling for $80 a piece with 6 spots.
If you are looking to apply for a Chase Freedom or Unlimited Freedom, here is my referral link
If you get approved, you can earn $200 for spending $500 within 3 months!
Then you can start selling your tradelines down the road 😉
Here is the calculation breakdown for what I am earning:
Chase $60 per AU x 4 spots (I have two of these cards)
Discover $60 per AU x 2 spots
Barclays $80 per AU x 6 spots
Now here is the other part to this, I need to keep them as an authorized user for 2 months meaning I get paid every 60 days. $840 x 6 months = $5,040 annually.
Here is a photo of what I will earn in the month of March 2020
This is one of the easiest ways I have found to make some money! If anyone is interested in the company I work for or if you have questions for me, please feel free to email me!