Reply
Frequent Contributor
illtakecreditforthat
Posts: 320
Registered: ‎05-03-2009
0

Re: BofA Luv Button Disappeared


Uncle_Money wrote:

Nothing of the sort. I not only pay on time, I usually pay way before the due date. BT has always been 9.99%.

 

What do you mean by "losing the whole account?" I haven't given them any reason at all to mess with me in any way.


This a bank who gave the ultimate CLD to its President today (albeit with a nice $53 million severance package).  As per other posters, I'd stay under the radar for a while.

I want PATIENCE...and I want it NOW
Established Contributor
Uncle_Money
Posts: 530
Registered: ‎07-28-2008
0

Re: BofA Luv Button Disappeared

lol hemi ...That is probably the best way to look at it if they close the account!!
Equifax Fico 785 as of 01/18/2012
Moderator Emerita
LilMirth
Posts: 3,091
Registered: ‎08-09-2008
0

Re: BofA Luv Button Disappeared

Uncle_Money,

 

Are you carrying a high balance in relation to your credit limit? Or, have you recently paid off a balance transfer, or a balance that you've carried for a while? Are you carrying balances on other cards? BoA softs me monthly, so they'd definitely know if I had some appreciable debt. You may have reached their comfort level with your debt-to-credit ratio, hence the removal of the LUV button.

 

The other thing that made me think that that BoA might think that they're smelling blood is that they're offering you a balance transfer at 9.99%. That makes me think that THEY think that there's a good possibility to make some money off of you. 

-------------------------------------------


Friendly, Supportive & Respectful


Understanding Your FICO Score  |  Credit Scoring 101  |  Common Abbreviations  |  FTC: FCRA Links  |  FTC: FDCPA Links  |  Opt-Out  |  State Resources


"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli

Established Contributor
Tons_of_Debt
Posts: 610
Registered: ‎08-01-2008
0

Re: BofA Luv Button Disappeared

Guess I should be glad she didn't yank my current card.
08/01/2008 - 472 EQ; 523 TU; 454 EX
03/01/2009 - 574 EQ
08/08/2009 - 648 EQ
01/27/2010 - 671 EQ
07/04/2010 - 713 EQ
01/05/2011 - 730 EQ
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: BofA Luv Button Disappeared


Tons_of_Debt wrote:
Guess I should be glad she didn't yank my current card.

 

Probably yes! BofA is just looking for excuses to cut CL exposure these days. Personal interaction with a credit analyst is fraught with peril. Best to mind your derog's before initiating a conversation.
Established Contributor
Uncle_Money
Posts: 530
Registered: ‎07-28-2008
0

Re: BofA Luv Button Disappeared

UPDATE: I spoke with a CSR and she informed me that the credit limit increase button has been removed due to system maintenance. She assured me I didn't initiate it any way and the button will be back.

 

Thoughts?

Equifax Fico 785 as of 01/18/2012
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: BofA Luv Button Disappeared

There have been website issues this week, but - I still have my luv button -and- my BT rate is still 3.99%. I am not too sure you got the correct answer.
Established Contributor
Uncle_Money
Posts: 530
Registered: ‎07-28-2008
0

Re: BofA Luv Button Disappeared

You may be right since I did this via online chat. I'm calling now....
Equifax Fico 785 as of 01/18/2012
Established Contributor
Uncle_Money
Posts: 530
Registered: ‎07-28-2008
0

Re: BofA Luv Button Disappeared

Another Update: I spoke to a CSR via phone and she says they stopped doing automatic increases.

 

Does this make sense?

Equifax Fico 785 as of 01/18/2012
Moderator Emerita
LilMirth
Posts: 3,091
Registered: ‎08-09-2008
0

Re: BofA Luv Button Disappeared


Uncle_Money wrote:

Another Update: I spoke to a CSR via phone and she says they stopped doing automatic increases.

 

Does this make sense?


 

No, that answer doesn't address your question. The LUV button is a means of the customer initiating a request for a CLI. An automatic increase wouldn't be customer initiated.

 

But, honestly, I'd stop poking them. The LUV button will return when you're again in their good graces enough (whatever defines that state of being). Wait until it returns before you attempt to get an increase. Otherwise, you may be setting yourself up for a CLD. :smileysad:

-------------------------------------------


Friendly, Supportive & Respectful


Understanding Your FICO Score  |  Credit Scoring 101  |  Common Abbreviations  |  FTC: FCRA Links  |  FTC: FDCPA Links  |  Opt-Out  |  State Resources


"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}