If you're a credit card holder who has decided to sell their tradelines for extra income, you already know it's an easy and very profitable venture considering the work and actual time involved. But there are some things that you need to be aware of, and keep up on. Usually, the company you sell through will advise you of anything relevant to your sales, but that doesn't mean you should just sit back and do nothing. Luckily, we're always here with something new to discuss. In this case, it's how to sell tradelines successfully.

We'll quickly cover 3 important tips that will help you continue earning extra money while minimizing risk and optimizing your profits.

Tip 1.) Never Forget To Remove Your AUs

Sometimes, especially for those of us with a large inventory of cards for sale, we may forget that we have authorized users who still need to be removed. To avoid this situation, it's important to remove the user when your broker or tradeline company advises you to do so. In addition, it's an excellent practice to keep your own records of your cards, their AUs, and the removal dates.

If you're tech savvy, you might even want to set notifications on your calendar. In most instances, your tradelines company will provide you with the details of your sale which include the statement date, the payment date for the sale, and the removal date for that particular AU. Creating a "tradeline calendar" on your computer or phone and setting alerts or notifications for your removal date will help eliminate forgetfulness or the accidental situation of where a certain user was never removed.

Removing your Authorized users on time is just one important aspect of maintaining an efficient system of selling tradelines and ensuring that you don't have and issues in the future, such as problems with the bank or a confused user who doesn't understand why they're still listed as an authorized user years after buying a tradeline.

Tip 2.) Be Patient

If you want to sell tradelines for an extended period of time, patience is key. The pay is not instantaneous (although it is very quick, stable, and reliable), and the way that any given bank or card issuer can respond or behave in relation to adding or removing authorized users can change with no notice at all. Remember, your main goal is to make money and keep your credit cards in good standing while doing so. The last thing you want is an account closure, or a tradeline that doesn't post to a buyer's credit report.

So how do you remain patient? Simple. Just follow instructions. As a cardholder, the company you work with will have everything laid out for you. At times, they may ask you to remove a user prior to the planned date, or, to keep a user on for an extended period. For example, a tradeline may not post or a buyer might request a longer time on your card. This all takes a bit of time to adjust.

Rather than worry or act abruptly or without notice, stay calm and patient and direct any questions you may have to customer service. Even if you think you know how to resolve a problem on your own, always await the advice of the company. This is critical to having a successful sale and ensuring your commissions.

There's one other aspect of being patient when you're selling tradelines. This is discussed in the next tip.

Tip 3.) Obtain, Maintain, And Prepare Your Credit Cards

You can't learn how to sell tradelines or even begin doing it if you don't have credit cards. While this is obvious, it may not be so obvious that you also need to plan accordingly. This does take a little patience, but it's definitely NOT hard work.

Depending on the credit card's issuing bank, you might have a limit on the amount of AUs you can add each year, or, over the entire lifespan of a single card. There are some institutions that are very hassle-free and easy to deal with concerning authorized users, and others which are can be an outright headache. Several of the main tradeline companies have limited the cards they accept for selling tradelines to specific brands, while eliminating the ones that are problematic. For example, Barclays bank has a rather liberal and open policy concerning authorized users, while Bank of America is known to be a bit more difficult. The latter has been known to shut down all of the credit cards you hold with them if they decide to close an account because of overuse of authorized users.

The point is, if you're going to do this for the long-run and want to have the cards you require to make some decent money, you need to keep obtaining new cards. You'll want to apply for higher limit cards, and allow them to age. You'll want to use them at times and not just let them sit around for several years with no spending. Once they're a couple years old, you can enroll them in a tradeline program. On the contrary, you can just use them as a normal credit card and wait until they're much older before deciding to sell tradelines on them. The older they are and the higher the limit, the more money you'll make from that card, so plan wisely.

Also, let's never forget about the importance of maintenance - this is what makes your cards eligible and valuable for selling tradelines. Never, ever allow yourself to make a late payment or receive a negative remark on your credit card if you plan on selling it. You need a flawless credit history for that card, otherwise it's value as a reliable tradeline is basically lost.

Stay Tuned For More Tips On How To Sell Tradelines

While this brings us to an end today, we encourage you to stay tuned and bookmark our blog to stay up to date with the latest tips and information about selling tradelines. The more you know, the easier the work will be. You'll also benefit from better commissions by keeping up to date with what's happening in the industry and knowing how to adapt and prepare.

Interested in starting to sell tradelines with GFS Group? Sign up today and get your free quote. You can be selling tradelines as soon as tomorrow!