Credit Cards

[jefftca925]

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!  

[rbh]

Congrats!  Does anybody know if GEMB actually softs when you hit the luv button, or are they going strictly off your account history?

[jefftca925]

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.

[rbh]

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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.

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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. 

[jefftca925]

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.

[rbh]

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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.

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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...