re: How to make $300k arbitraging credit card points and then pay zero taxes on it

quote:

---

read the article. it is obvious you do not know how it works,.

---

quote:

---

Key Takeaways: People make money by selling their authorized user tradelines. While you may not reach earning $1,000 per hour, you may earn a side income. There are some risks that come with selling tradelines, such as potentially getting your account shut down if you add to many authorized users.

---

quote:

---

#1 – Selling Your Tradelines May Be Violating The Terms of Service of Your Credit Card Account
According to CreditCard.com, selling your tradelines to a stranger is probably against the terms of service that you signed up for with your credit card company.

With the exception of your spouse, domestic partner, or kids, you cannot assign your rights for payment to someone else to use your card. For example, Discover’s cardholder agreement states, “You may not sell, assign or transfer your Account without first obtaining our prior written consent.”

If you are caught violating your card terms, your account could be closed. According to Barry Paperno, a credit score expert and former columnist for CreditCards.com.

---

quote:

---

#2 Selling Your Tradelines Can Get Your Card Accounts Closed
Today, most banks monitor for authorized tradeline abuse. Their risk departments will flag any account where more than 4 -6 authorized users have been added.

---