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What types of credit cards is BoostMyScore looking for?

  1. Citi Bank
  2. Barclays/Juniper Bank (US Airways/Frontier Airlines)
  3. USAA
  4. Federal Credit Unions
  5. Capital One
  6. Bank of America
  7. Discover
  8. And several others… contact us to find out more!
Bill Airy

About the Author:

Bill Airy is the CEO and Founder of BoostMyScore. For over 12 years he has helped American consumers get a second chance at a better financial life by helping them to improve their credit score. He regularly publishes helpful content on this Blog to educate others about Credit Scores and best practices when trying to improve them.

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How Much Money Can I Earn?

Cardholders can make anywhere from $25 to $300 for each person they add as an authorized user to their credit card, and each credit card has anywhere from 3 total available AU spots up to 10, meaning that on average they could make upwards of $1,000 per month, PER CARD, depending on the credit limit and payment history of the card they hold. The smallest amount made by a Cardholder last year was $2,800, and the highest paid Cardholder in our program made $48,000 for the year. The more cards a Cardholder has in our program, the higher the limit, and the longer the payment history, the more money they can make. In some situations, we will consider paying a higher premium for cards that have exceptionally high limits and age. Please speak with us for more information on these types of accounts.

What are the potential risks to Cardholders?

Making money off your credit cards is extremely easy and it almost sounds too good to be true, but of course, as it is with anything of financial benefit, there is a risk.  The only known risk to our Cardholders is the slight chance that the credit card company figures out that you, the Cardholder, are making money off of your credit card(s) and the credit card company may do one of two things: 1) close the credit card account, or 2) leave it open, but disallow the Cardholder to add any more authorized users to it.

Over the last several years, BoostMyScore.com has become increasingly good at learning the trip hazards in the banks’ computer systems, and we are extremely good at avoiding them, which tends to keep our Cardholders’ credit card accounts free from repercussion. As an overall average, the first possibility only happens to about 15% of our credit cards, while the second situation happens to only about 5% of all of the credit cards in our program.

If a Cardholder is worried about the possibility of their credit card being closed by the bank, we suggest that they apply for a new credit card when they sign up for our program.  If the card in our program is closed, the Cardholder will then have an alternate credit card to use if they need to, and could potentially begin selling the new card in our program, as well. Nonetheless, you must be comfortable with the risk of your card being closed by the bank.

The histories of credit card accounts that have been closed continue to be calculated into the credit score, even if the account is closed, prompting little to no effect on the Cardholders’ credit score/report. However, if the Cardholder is carrying revolving debt on other credit cards, and has an account closed, their “overall utilization ratio” will be impacted, which could lead to a lower credit score.

Either way, our current Cardholders unanimously agree that monthly cash flow is more valuable than simply having that one credit card. While replacing a credit card is easy, the cash you earn from BoostMyScore.com certainly is not.

Is this Legal?

While BoostMyScore does not offer legal advice or opinions to determine if tradelines are legal (we aren’t lawyers) , we have located extensive evidence to show it is not illegal. In an effort to better educate the FTC and the Colorado Attorney General, BoostMyScore has provided information about our business practices. We have also sought the opinions of several lawyers, none of whom found the tradeline piggybacking practice to violate the law.

You don’t have to take our word for it; just take a look at this article from ABC News.

Got a Question with no answer? Speak to one of our specialists instead

BoostMyScore Team