How to Sell Tradelines in 2024

Posted on 03 January, 2024 by Miranda Bottas in Selling Tradelines

The end of the year in unofficially here, and we'd like to take a moment to discuss not only how to sell tradelines in 2024, but also why this may be the best year ever to do it. Let's avoid wasting any time and dive right in.

What Does Selling Tradelines Require?

If you're interested in selling tradelines, you'll be excited to hear that the process is relatively simple for those who qualify. The only thing required is to be the cardholder of a credit card that has zero balance (or a very low balance). However, you're not limited to just one card - you can sell as many as you'd like. You'll get paid each time you make a sale, and the great news is that this part is completely automated via our website's purchasing platform.

What Does Selling Tradelines Mean?

As a primary holder of a credit card issued by any major bank, you'll be selling spaces to people who wish to temporarily raise their credit score by becoming an authorized user on your card. Generally the purpose for this is to allow the buyer to be approved for better financing rates, lower down payments, or simply to help them lower their credit utilization rate so they can be approved for an unsecured credit card of their own.

When you add someone as an authorized user to your credit card in this way, they have no access to your name, personal information, and especially your line of credit. The issuing bank automatically sends the additional card directly to you, and the authorized user has no possible way to "spend your money". They are paying for this product simply because your credit card will appear on their credit report (without your personal info). With your higher limit, older age card that has a near-zero balance, their credit profile will show a higher credit score without affecting you or your score in any way. You get paid a very healthy commission for doing so, and the commission is based on the account age and the card limit - which means the older your card is and the higher limit you have, the more you'll get paid. Why? Because a higher limit and older account age is exactly what helps the authorized user's credit score to move upwards - sometimes over 100 points or more.

What Work Is Required On My Part to Sell My Tradelines?

First, you're required to sign up with us. You provide nothing more than the statement end date of your credit card, the card's age, and the credit limit. If you're approved as a seller, you'll be added to our online inventory where interested buyers will purchase a spot on your card. At this point, you're provided with their information and will be required to add them as an authorized user either by calling your bank or by using your online banking app. Once added, and once the credit card has posted to the buyer's credit profile you will leave them as an authorized user for a period of two months. When the time is up, we'll notify you and you'll remove them. You get paid once the tradeline posts to their credit report however, meaning you don't have to wait until removing them to receive your payment.

Once your card has been approved and is shown in your personal user dashboard as being active, the only real work is adding and removing authorized users when instructed. This is required each time a sale is made. It's that simple.

If you have a card or various cards that you don't rely on for frequent use, knowing how to sell tradelines is an ideal way to may some extra money for an extremly low amount of work. You'll only need the time it takes to add and remove the user, which is less than a few minutes from your mobile banking app, or less than 30 minutes total if you call your bank (since you might have to wait on hold before being assisted).

How Do I know If My Tradelines Will Sell?

Almost all tradelines on our platform sell rather quickly, and if you have more than one card, or various cards, you can expect sales to occur quite often. With nearly 10 years of experience as a professional tradeline company, GFS group has this process down to a science. By using a custom-built, secure, and state-of-the-art platform combined with incomparable customer service, you'll always have a smooth experience in selling your tradelines.

Tradeline buyers are constantly seeking cards of all ages and credit limits, however, the best way to know how to sell tradelines in 2024 is by being the cardholder of older, high-limit cards. These cards are in extreme demand, and we expect that this demand will increase gradually and consistently in the comings weeks and months.

What Makes 2024 Different Than Other Years?

In the last few years the economy has been in quite a slump. Increased inflation and higher interest rates have made consumers weary, and less likely to spend money. People are making their financial decisions more carefully and eliminating necessary costs when possible. This has been especially true over the last 12 months.

It's expected that interest rates are finally going to decrease in 2024, which will make it a prime year for people who've been wanting to finance a new auto or home but were not willing to accept the enormous interest payments. As financing becomes more affordable, we expect that more and more people will be making purchases that require financing and will want their credit scores to be at their best when applying or signing on the dotted line. Since tradelines help increase the credit score of individuals we can also expect that tradelines will be in high-demand. This is something that presumably will cause the best cards to sell the quickest, and, all cards to have a higher average rate of sales to authorized users.

If you want to learn how to sell tradelines in 2024, or if you want to get started making extra income from nothing more than your great credit this year should be a perfect time to do exactly that.