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Hi all...
Have had this card a little over a year and got a auto increase back in Sept (I think) of $50 whole dollars on my $2k limit. Was bored tonight so decided to see if the LUV button would work. Entered my income and BAM! (again..lol) $2050 to $4550!! Someone is in a good mood..LOL!
Congrats! Does anybody know if GEMB actually softs when you hit the luv button, or are they going strictly off your account history?
from what I've read they soft pull for increases. I don't charge a lot on the card...usually <100 and PIF shortly after I use the card. The nice thing is that the limit does report on your CBR.
@jefftca925 wrote:from what I've read they soft pull for increases. I don't charge a lot on the card...usually <100 and PIF shortly after I use the card. The nice thing is that the limit does report on your CBR.
Yeah I've read the same. I'm curious, though, if people are actually seeing a corresponding soft on their reports, or if they are just assuming they softed because there is no hard.
I would imagine they still do a soft pull just to make sure that someone isn't running up debt and therefore becoming a bigger risk. My most recent report showed no balances except my auto loan. If I showed high utilization it might trigger a decline.
@jefftca925 wrote:I would imagine they still do a soft pull just to make sure that someone isn't running up debt and therefore becoming a bigger risk. My most recent report showed no balances except my auto loan. If I showed high utilization it might trigger a decline.
Okay, but my Lowes card was recently increased from $1850 to $5550 with me showing about 25% on my revolving lines and a new car loan from July for $24,000. And my EQ score is nothing to write home about...