Winning,

I tried this a couple of times -- one of the main issues I saw with this technique was how to collect from your client?

Helps to have a merchant account and a PFS signed upfront.... but:

Often you don't know if the approval was granted because it's referred to manual underwriting..... So you'll never know for how much the credit limit was approve for unless your client tells you.
Even if approved you don't often know for how much exactly?
It seems like you have to lean on the relationship with the client quite a bit to collect your commission.... I don't see what's to stop them from not paying you.
Seems like a very vulnerable process... That said a few groups out there have mastered it, so what do I know?

Some of the keys to getting this done include: Getting your client 3 major credit card primary accounts with limits of $25,000+, at least 2 more AU accounts -- these accounts need to report to their credit. They need to have 720+ on each credit bureau for best results. Cannot have any derogatory in the past 2 years whatsoever and under 30% utilization rate.

The next issue is executing on applying for multiple cards SIMULTANEOUSLY. This was tricky as you have to apply for them simultaneously and get the timing right before you rack up 6 inquiries. Once you have 6 inquiries you're locked out of the credit card game. (you have to get those inquiries deleted and then start over)

PROBLEMS I FOUND WITH THIS:

Can anyone with experience on executing on this chime in and say how they got around all the hurdles?
Can anyone advise on how to get the best results when physically applying for the credit cards to AVOID racking up 6 inquiries and getting locked out?
Can anyone recommend best way to collect your commission? Send an OVERESTIMATED invoice upfront? This might compell the merchant to CORRECT you by disclosing the actual limits approved to reduce their bill?
What kind of results are you seeing? 50k, 100k? more? I've seen claims as high as 250k+ in credit cards limits approved and charging 10% $25,000 commission