Looking for a Easy Online Side Gig!?

If you have credit cards, and pay them off each month, not only are you really smart, but you can use them to generate passive income using this system of “credit sharing.” You may have some old credit cards that you don’t use much (what we travel hackers call “sock drawer” cards). Why not use them for some income with this easy online side gig?

OK, so…What is it? Credit Sharing!

It involves using authorized user slots on some of your credit cards. Long story short, when a person is added as an authorized user to someone’s credit card, they get all the credit history of that card on their personal credit report, meaning this can be used as a strategy to rapidly improve their credit score.

For example, if you had no credit history (and therefore a null credit score), but your Mom/Dad/Uncle/neighbor/whoever added you to a credit card that was 10 years old, you would immediately have 10 years of credit history. And your score would skyrocket, assuming the person who added you has made all their payments on time and has low credit utilization. 

But what happens if you don’t know anybody who would be willing or able to add you? Are you out of luck? Nope. There are companies that facilitate the process. They charge a fee to the person who is looking to improve their credit score and pay a commission to the person (that’s us!) who adds the authorized user slot. Pretty simple. The company I work with is currently looking for more people who have good credit to sign up as credit sharers. This easy online side gig is specific to US credit card holders who have credit cards 2 or more years old, and good or better credit.

How it works for us, as “credit sharers”:

Credit sharers add authorized users to their credit cards online, and receive a commission for doing so. The authorized users never get the card – it comes to you. The authorized users don’t know anything at all about you, and there’s no way they can use or impact your credit. They cannot use your credit card! You’ll remove them about 6 weeks afterward.

Payouts vary based on how old your cards are, and their credit limits; I can tell you from experience that the payouts average $50 to $100 per authorized user added. I’ve been doing this for 2 years now and make around $300 to $400 per month. (Update 12-1-2020: now averaging $980/month; update 1-30-21: my February check will be $2140! I’m really excited!). I know that people are making more than triple that amount. 

Can my credit be hurt by credit sharing?

Why not…? This credit sharing relationship is a one way street. Anyone you add cannot affect your credit score in any way. They have no idea who you are, or anything about you; not your name, your city, your credit card number, nothing at all. And, the new cards are mailed to your own address, so this person never has access to them nor any way to use them. They only stay on as authorized users for 6-8 weeks. Repeat: They cannot use your credit card!

So, how do you get started?

All you have to do is hop over to www.bnbfinancials.com and sign up as a “card holder”. You’ll be asked who referred you (it’s by invite only), so list Suzanne McConaghy as the name. (As you get rolling with this, you can refer your friends.) Don’t worry if you’re asked for your SSN; BNB needs it for tax purposes…of course, they will generate a 1099 for you, because you’ll be making money – potentially lots of money – with this easy online side gig!

After you sign up, you’ll get an email with instructions. You’ll have to jump through a few hoops at first, such as adding info for the credit cards that you want to share (like date opened and credit limit – never your credit card number), and showing them a copy of your credit report***, but once you get things set up, the ongoing time commitment is close to zero.

***Surprisingly, your credit report does not show any credit card or loan numbers – something I did not realize before…

Frequently Asked Questions-

FAQ 1: Is this legal? Yes. No question about that. And, that’s why BNB needs to report your income to the IRS.

FAQ 2: Can this impact my credit? No…neither BNB Financials nor the Authorized Users know your credit card numbers. The Authorized Users don’t know anything about you, not your name, where you live, nothing at all, and cannot use your account.

FAQ 3: Which cards should I add? The older the card and the higher the credit limit, the better, in that it will earn you more money to use. Do not use any cards that you would be upset to lose. There is a small chance that the bank will not be happy and may close your account. But, consider this: credit card companies encourage holders to add Authorized Users, and often pay out bonuses to do so…so them closing a card, while possible, is unlikely. The risk is tiny, but you don’t want to chance it on a card you really care about. I keep opening new credit cards specifically for this gig!

FAQ 4: Is BNB financials legit? Absolutely (even though their website looks awful!). I tested a number of companies and these guys are the best. It’s a small company, and the people are kind, friendly, helpful, communicative, and informative. I’ve been working with BNB Financials for over three years now (update: 6 years as of 2024), and I am very satisfied with how they treat me and my friends who do this. They really care about those who work with them.

FAQ 5: How do I get started? First, go to www.BNBFinancials.com, and fill out the “Card Holder” info. Put Suzanne McConaghy as your contact. Then someone – probably Katie, who’s really nice – will get in touch with next steps.

FAQ 6: What’s the process once I’m active? You’ll get an email and a text when BNB has a person for you to add as an Authorized User. Go to your card’s app on your phone, or their website, to add their info, which takes 2 – 3 minutes. The new card will be mailed to you, and you activate it, then stick it in a drawer until you’re notified to remove the user. At that point, you reverse the process and take them off your account – this takes about 1 minute. Destroy the card. That’s it!

In Conclusion –

A great, easy, online side hustle that pays as much as a part time job, with no selling, no prospecting, no cost, in just a few minutes each month!? You can see that we, as credit sharers, have the easy part – we don’t have to find people who need this service; BNB does all the work. We simply have something they need – I was astonished that I had this valuable commodity sitting here going to waste…now I use it to put real money in my pocket each month!

Hop on over to BNBFinancials now, and fill out the Card Holders Sign Up form; you can thank me later…😉

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