topic Re: Stupid question, but what is " luv button?" in Credit Cards

Stupid question, but what is " luv button?"

JMMD — Fri, 05 Jul 2013 18:17:02 GMT

I keep seeing this in pists about getting credit line increases and have no idea what it eans. Thanks.

Re: Stupid question, but what is " luv button?"

Anonymous — Fri, 05 Jul 2013 18:22:19 GMT

It's the button you press to request a CLI online.

Re: Stupid question, but what is " luv button?"

Anonymous — Fri, 05 Jul 2013 18:23:04 GMT

+1 credit limit increase button found on your cards website.

Re: Stupid question, but what is " luv button?"

Anonymous — Fri, 05 Jul 2013 18:23:11 GMT

Its a button on most of the CC website that says "request credit limit increase." Sometimes they just up ur limit by pressing it. Everyone calls it the "luv button".

Re: Stupid question, but what is " luv button?"

JMMD — Fri, 05 Jul 2013 18:24:18 GMT

oh ok,that makes sense. Thanks!

Re: Stupid question, but what is " luv button?"

Anonymous — Fri, 05 Jul 2013 18:24:48 GMT

If all you do to get your CLI is press a luv button, is it only ever going to be a SP?

Re: Stupid question, but what is " luv button?"

Anonymous — Fri, 05 Jul 2013 18:33:18 GMT

Keyjibo, depends on your CCC. My Best Buy store card was a SP luv, Amex is SP luv.

Re: Stupid question, but what is " luv button?"

Anonymous — Fri, 05 Jul 2013 18:34:52 GMT

@Anonymous wrote:
If all you do to get your CLI is press a luv button, is it only ever going to be a SP?

In many cases you will be asked a few questions, mainly salary, housing costs and perhaps what limit you are looking for. Then, whether it is a HP or SP depends on the issuer. In some cases, if they have done a recent SP as part of account watching, they may use that. Others will do a HP anyway. Some, like Citi, tell you afterwards if a pull wasn't done, but of course that's not all that useful for planning.

Re: Stupid question, but what is " luv button?"

QAMngrGirl — Fri, 05 Jul 2013 19:46:00 GMT

@Anonymous wrote:
If all you do to get your CLI is press a luv button, is it only ever going to be a SP?

Not always, my BofA & Barclay's are HP 99% of the time. Best to call if you aren't sure.

Re: Stupid question, but what is " luv button?"

Anonymous — Fri, 05 Jul 2013 20:23:03 GMT

@QAMngrGirl wrote:
@Anonymous wrote:
If all you do to get your CLI is press a luv button, is it only ever going to be a SP?
Not always, my BofA & Barclay's are HP 99% of the time. Best to call if you aren't sure.

Citi and Chase are usually HP as well. AmEx is an exception in that they almost always SP for CLIs.

Re: Stupid question, but what is " luv button?"

Anonymous — Sun, 07 Jul 2013 15:27:02 GMT

Do you all know if its a SP or HP for Dillards card?

Re: Stupid question, but what is " luv button?"

dddewdrop — Sun, 07 Jul 2013 15:30:45 GMT

@JMMD wrote:
I keep seeing this in pists about getting credit line increases and have no idea what it eans. Thanks.

There are no stupid questions here. We are here because we like discussing credit and helping people. So keep them questions coming. Good luck!

Re: Stupid question, but what is " luv button?"

Anonymous — Sun, 07 Jul 2013 15:38:54 GMT

@Anonymous wrote:
Do you all know if its a SP or HP for Dillards card?

Don't know, but a good rule is "Always be prepared for a HP". Lots of threads here on various cards where a CSR has said it will be soft and it turns out to be hard. Any request for credit or increased credit is really "supposed" to be hard (the credit report is meant to show that the user is asking for new/more credit so that everyone can evaluate the behavior), so exceptions are very nice, but not to be relied on.