One of the best things about selling tradelines is that you can make great extra income based on nothing more than having some credit cards with an excellent payment history. At the same time, the worst part of selling tradelines is simply not having good cards (or the right kind of cards). Even if you have a wallet full of credit cards that you'd like to sell as tradelines, they probably won't all make the cut. Here's what you need to know to make the best of this side hustle and ensure you can make it as profitable as possible.

Sorry, Card Not Accepted

If you know anything about selling tradelines you'll have learned by now that certain cards are more valuable than others. In fact, there are many card issuers who aren't even accepted by many tradeline companies. This is usually due to the recurring problems with failure to post, or a high risk of card closures when adding authorized users to cards from certain banks.

For example, while cards like Discover, Navy Federal, or Barclays fall into the category of some of the best cards you can have for selling tradelines, you might be surprised to learn that Bank of America or Wells Fargo are considered by many to be a big headache in this business. And even if the cards you have are happily accepted by your tradeline company, they're not all going to result in a high number of sales if they're not desirable or valuable for the end customer, who is either a buyer or broker.

Now, don't get us wrong - you can definitely make some cash (and something is always better than nothing) with less popular cards, but you can only reap the maximum benefits of selling tradelines when you're holding the cards with the highest demand. Let's take a look at how this works.

Better Performance Makes For Higher Demand

To lay it out as simply as possible, selling tradelines is most profitable for those with high-limit cards that have an old account age - and the more of those you have, the better. Especially when they're from the right banks and are utilized properly.

There are a lot of people who make over $500 per month selling tradelines from cards of younger accounts and lower limits, but the people who are the most successful - some of whom make as much as $3,000 a month or more - are able to do so because their wallet is packed with high-demand cards which deliver a maximum impact for the buyer. These cards pay the highest commissions and tend so sell very quickly, ensuring that the seller is never left waiting around to make a sale.

Like fine wine, good tradelines become better with age. The difference between earning $75 per sale and $550 (or more) per sale is due to nothing more than the many thousands of dollars in credit availability and the difference in many years of account age between younger low-limit cards and seasoned high-limit cards. The ability to make great extra cash and create a genuine legitimate income stream from tradelines really does require a strong stack of cards. Of course, if you don't have a strong stack of cards it can sometimes feel like you'll never make the big bucks and that can be somewhat de-motivational. But there's good news, because if you know what you're doing (or at least willing to learn) you can easily strategize and plan for this endeavor to be highly profitable for the long-term.

Selling Tradelines Is About The Long Game

Rather than thinking about quick cash, you have to think about the future and make the correct moves today so that you can continually build your portfolio of cards and increase your income as time goes on. You have to acquire the right cards, make sure you use them wisely and maintain a perfect payment history, and continue to develop your strategy for optimizing your sales to achieve maximum commissions. You should also be aware of the fact that as a seller, many companies offer excellent referral programs where you can easily make over $500 per month just by bringing a single extra cardholder to them. It's not that difficult once you know what you're doing, and you get yourself into a solid routine with ease if you're motivated and put in just a bit of smart effort.

In addition, there's more to selling tradelines than meets the eye. As we previously mentioned, not all cards are created equal so if you want to squeeze that extra cashflow from your cards or the people you refer to your tradeline company, knowing which cards are the best for selling is a huge benefit. So how do you know what's the best and what to avoid? We'll explain it right now.

Discover, Barclays, and Navy Federal cards will always be among the very finest cards for selling tradelines. This is because unlike other banks, they aren't so strict with their authorized user policies. That isn't an invitation to be greedy, but it's a big plus when you're trying to prevent account closure, deal with problematic customer service from the bank, or in the instance of problem resolution. These cards are consistently the best performing, have the best limits for allowed AUs and duration of use, and offer the cardholder the most money in earned commissions since they're basically hassle-free. We can't say the same about Chase or Bank of America, who have well-known reputations for being difficult to sell with and require special care.

Whether you're deciding which cards you need to acquire, free up balances on, or recommend for friends or others who you decide to send as referrals - you really need to think about the time vs. value. One of the best things about selling tradelines is that once you know how to do it, it takes very little time to execute and when you translate it into an hourly rate, the amounts you can earn are often hard to believe.

Don't Scratch Your Head, Get Started Instead

Rather than wonder or worry about what you'll make and how you'll plan this all out, the best thing you can do - if you're inclined to do it - is get started selling tradelines today. Familiarize yourself with the process, sell some cards, and get a feel for what it's like. Whether you make a lot or a little, you'll become quick and confident in a very short time span. As you develop your methods, you'll know what to look out for, what works best for your own particular stack of cards, and how to seek and refer cardholders who will help optimize your income each month.

As time goes on and your cards continue to age and you receive larger credit limits, you'll be glad you began selling tradelines sooner rather than later. There's always something new to learn if you have the desire, and it's an excellent way to learn more about the credit system while helping others - both buyers and new sellers alike. There's a certain charm to this industry that's hard to shake off once you get a taste of just how easy it is. While it isn't for everyone, those who decide to partake as a cardholder - especially those who are patient and smart - tend to have a hard time calling it quits. It's a truly excellent way to bring in more money each month while providing a service that helps others move closer and closer to their own financial goals and freedoms.

While the worst part of selling tradelines is not having good cards, it's something that you can easily overcome if you're dedicated to becoming a better and smarter long-term seller. When you look back one day and realize that all this extra money came from such minimal effort, it really is a great feeling. We hope you decide to join us and build a long-term relationship with GFS Group selling your tradelines and making a very fair return on your investment for doing so.

Want to learn more or get started today? Visit our Selling Tradelines page today to sign up. You'll be dealing with an industry leader whose main goal is to see equal benefits for all parties involved. More than just another tradeline company, GFS Group want you to become part of our family. We welcome you with a smile, an abundance of knowledge, and an expert customer service team who will always be at your side. There's no disappointments here, only positive outcomes for everyone.