topic Re: Capital One LUV Button - Question in Credit Cards

Capital One LUV Button - Question

dallasareaguy — Tue, 23 Jun 2015 15:52:12 GMT

I know that people report getting early credit steps increases and then still getting their 6 month increase.

My question is that the general rule I have heard is that capital one has a 6 month wait for increases via the love button and that the document response will say "you recently received an increase"... Has anyone else out there received LUV button increases within 2-6 months after receiving a LUV button specific increase (obviously not including EO or STEPS increases).

I'm mainly wanting to know if I have a shot at a LUV button increase prior to hitting my one year mark after having gotten an EO increase the day of my steps increase at my six month mark.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 16:00:01 GMT

Great question. I have been wondering the same thing. I got an increase in April and should get my credit steps in July, But have been hoping I could hit the button after this month's statement and get another luv button cli before the July credit steps.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 18:10:33 GMT

I haven't heard of anyone myself, but you two can volunteer to be the guinea pigs here. It's only a SP and trying before your 6 months doesn't reset the clock or anything. If one of you does try it, post back with your results.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:02:07 GMT

@Anonymous wrote:
I haven't heard of anyone myself, but you two can volunteer to be the guinea pigs here. It's only a SP and trying before your 6 months doesn't reset the clock or anything. If one of you does try it, post back with your results.

JustMe3, What is this Luv button and where is it?

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:06:58 GMT

@Anonymous wrote:
@Anonymous wrote:
I haven't heard of anyone myself, but you two can volunteer to be the guinea pigs here. It's only a SP and trying before your 6 months doesn't reset the clock or anything. If one of you does try it, post back with your results.
JustMe3, What is this Luv button and where is it?

It's not really a button per se, it's a request to increase your credit limit. If you log into your Capital One account, on the top right click on "Services" then look under "Card Services" you'll see a link to "Request Credit Line Increase"

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:10:29 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I haven't heard of anyone myself, but you two can volunteer to be the guinea pigs here. It's only a SP and trying before your 6 months doesn't reset the clock or anything. If one of you does try it, post back with your results.
JustMe3, What is this Luv button and where is it?
It's not really a button per se, it's a request to increase your credit limit. If you log into your Capital One account, on the top right click on "Services" then look under "Card Services" you'll see a link to "Request Credit Line Increase"

Lol! I really thought there was this cute little button somewhere. Anyways I did request a CLI on both of my Cap 1 cards and was approved for a $500 increase and a $800 increase. I also called and converted the one platinum non-reward card to a quick silver.

Thanks for answering my silly question!

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:14:18 GMT

Everybody calls it the "luv button" when a more appropriate term would be credit limit increase link, or CLI link. Stupid term lol

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:15:20 GMT

Just as soon as my statement shows on the website, I'm gonna give it a go. Like you said, it's a sp anyway.

The luv button is just the credit credit limit increase tab on the site.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:15:34 GMT

@ FamilyManDan

It wasn't a silly question at all. When I first heard the term I thought the same thing. Congratulations on your increases!!!

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:26:18 GMT

How long have you had your cards FamilyManDan. Reason I ask is because I've had my platinum card since Feb and tried to PC to QS1 but they wouldn't do it at that time because account was too new. (April 24th) . Figured I'd try again at six months.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:29:11 GMT

@Anonymous wrote:
How long have you had your cards FamilyManDan. Reason I ask is because I've had my platinum card since Feb and tried to PC to QS1 but they wouldn't do it at that time because account was too new. (April 24th) . Figured I'd try again at six months.

Hey Alottacards,

This is a little embarrasing but I've had my cards for 6 and 7 years! I'm guessing I should have requested for a CLI earlier lol. But better things on the horrizon. I hope your is able to convert soon!

Now I'm going to be paying ALL of my bills on these 2 cards

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:33:17 GMT

I wouldn't be embarassed at all. Heck If I knew half what I know now 5 or 6 years ago, I wouldn't be rebuilding. LOL. I never even knew we had an option to actually ask for a credit limit increase before this year. I thought you got whatever the card companies freely gave you.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:36:47 GMT

FamilyManDan, you've had those cards for that long with those low limits I don't know your credit profile, but I HIGHLY recommend you go check Capital One's pre-qualifier and see if the Venture or Quicksilver come up for you. Those 2 cards start with much higher limits and will grow with you.

To get to their pre-qualifier, go to their website, click on "Credit Cards" and at the bottom of that page it'll say "See if you're pre-qualified for a credit card offer with no risk to your credit score" then click on the button that says "Find out in 60 seconds". Checking this will NOT affect your credit score.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:44:01 GMT

@Anonymous wrote:
FamilyManDan, you've had those cards for that long with those low limits I don't know your credit profile, but I HIGHLY recommend you go check Capital One's pre-qualifier and see if the Venture or Quicksilver come up for you. Those 2 cards start with much higher limits and will grow with you.

To get to their pre-qualifier, go to their website, click on "Credit Cards" and at the bottom of that page it'll say "See if you're pre-qualified for a credit card offer with no risk to your credit score" then click on the button that says "Find out in 60 seconds". Checking this will NOT affect your credit score.

JustMe3,

I do have 2 Quicksilver cards. I just processed the pre-qualifier and they came back with regular platinum card with 0% APR until 2016 for balance transfers which might be nice. But no ventue.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:50:22 GMT

Hmm... it's a shame no Venture came up. I don't have any experience with their Platinum cards, so not sure about starting limits or if they grow. Hopefully someone who knows will chime in. If you have 2 Quicksilvers, I would just work on getting CLIs on them for now and wait til the Venture comes up for you. But it's up to you. If I'm not mistaken, you can only have 5 Capital One cards (not including co-branded ones) so take that into consideration when thinking about what cards you really want. You could always close out the cards that won't grow later down the line if something you really wants comes up.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 19:55:28 GMT

Wonderful advice! Thank you very much! I will work on getting CLI's on the 2 capital one cards. I need to find a replacement card for my Credit One Card lol. Someone was telling me about Barclay's card.

Re: Capital One LUV Button - Question

grneydangl — Tue, 23 Jun 2015 19:55:54 GMT

@Anonymous wrote:
@Anonymous wrote:
FamilyManDan, you've had those cards for that long with those low limits I don't know your credit profile, but I HIGHLY recommend you go check Capital One's pre-qualifier and see if the Venture or Quicksilver come up for you. Those 2 cards start with much higher limits and will grow with you.

To get to their pre-qualifier, go to their website, click on "Credit Cards" and at the bottom of that page it'll say "See if you're pre-qualified for a credit card offer with no risk to your credit score" then click on the button that says "Find out in 60 seconds". Checking this will NOT affect your credit score.
JustMe3,
I do have 2 Quicksilver cards. I just processed the pre-qualifier and they came back with regular platinum card with 0% APR until 2016 for balance transfers which might be nice. But no ventue.

I believe when I went to their prequalifier it came up with "we couldn't find a card for you but here's an offer you may look into" or something along those lines and it was for the Platinum. I applied for the VentureOne anyway and got approved. I think at some point I opted out of prequalified offers though, so it makes sense they couldn't find anything for me.

Re: Capital One LUV Button - Question

Anonymous — Tue, 23 Jun 2015 20:09:28 GMT

@Anonymous wrote:
Wonderful advice! Thank you very much! I will work on getting CLI's on the 2 capital one cards. I need to find a replacement card for my Credit One Card lol. Someone was telling me about Barclay's card.

Barclay could be a good option for you. I know they're new account and inquiry sensitive, but if all of your accounts and inquiries are older you stand a good chance at approval. It's a shame they don't offer a pre-qualifier. If your credit profile is fair to average, I think their NFL card and Rewards card are the easier ones to get. The Sallie Mae, Ring, and Arrival cards are for good to excellent credit I believe.

And there is always Discover and Amex.