What Is A Tradeline?

Here at Splendid Credit, you'll see the word tradeline a lot on our website, so we wanted to go into a little bit more detail about what tradelines are, how they work, and how buying or selling them can benefit you.

What is a Tradeline?

A credit report tradeline is simply an industry term to describe a credit account. If you have credit accounts, you have tradelines. Tradelines come in the form of credit cards, lines of credit, car loans, mortgages, and payday advances. Here at Splendid Credit we focus solely on credit card tradelines.

How Does a Tradeline Work?

Authorized user tradelines are revolving lines of credit (credit cards) on which someone with excellent credit places an individual as an authorized user on their account. If posting is successful, the account then appears on the buyer’s credit report boosting their FICO score or increasing their available credit.

What is an Authorized User?

An authorized user is a person who is listed on a credit account that they do not own. Being an authorized user on a credit account can help a person boost their credit score or increase their available credit. With Splendid, authorized users do not have the ability to access or spend on your credit account. Our tool is used by people who want to establish or increase their credit for various purposes like signing a lease or purchasing a car.

How Do I Sell My Tradelines?

Splendid Credit makes it really easy to sell your tradelines. You can get a free online quote on our website, where you'll tell us about you and your credit cards. We'll run the numbers and tell you how much money you can earn, then have a short 15-minute phone call to go over the details and answer all of your questions! From there, we'll connect you with people looking to increase their credit score who are ready to buy your authorized user tradeline, and help you through the entire process so you feel confident and secure.

How Much Can I Earn Selling My Tradelines?

Last year, on average our cardholders made $638 a month. Your price will depend on your credit card limit, age, and balance (must be below 30% balance to limit). The older the card, the higher the limit, the more you make!

How Do I Buy a Tradeline?

In addition to selling tradelines with Splendid Credit, you can also buy tradelines to add positive credit history to your credit report and enhance your score. You can review our inventory on our site here, then submit an application for the lines you'd like to purchase. We will match you with the authorized user for those lines, you'll be added to the credit line and your credit report will be updated. It's that simple!