Amex Luv Button showing again...

joestay · ‎04-01-2011

So, it's been a couple of month since the luv button disappear. Now it is back. I still have 14 days to go until I hit that 6 month mark again. Should I wait or should I request the CLI. Should I double it to $10k limit?

voidman · ‎04-01-2011

where do I see the luv button? I have this Costco card for over 2 years now and i don't remember seeing any Luv button.

I am pretty sure my credit score has imporoved since I got the card so I guess i should be seeing the button somewhere.

-void

joestay · ‎04-01-2011

If you go to the activity section, it's at the bottom by the inquiry button

smallfry · ‎04-02-2011

I had my card for 4 months and asked for a 50% increase from 10-15. The button was still visible after that but for the past 2 months it does not appear. If i was you I would go for an increase if you are using the card a lot and if your income supports a higher limit. Don't be shy.

DI · ‎04-02-2011

Mines showed up again too. But here's what I've learned. For me, the luv button appears two weeks in advance before I'm eligible for a CLI. Not able to control myself, I hit the button anyway and get denied. But, after two-weeks when my statement generates, magically I get approve for a CLI when I try it again. I'll see if it works like that this time. My statement generates on 4/10.

smallfry · ‎04-02-2011

@DI wrote:
Mines showed up again too. But here's what I've learned. For me, the luv button appears two weeks in advance before I'm eligible for a CLI. Not able to control myself, I hit the button anyway and get denied. But, after two-weeks when my statement generates, magically I get approve for a CLI when I try it again. I'll see if it works like that this time. My statement generates on 4/10.

So they have never counter offered when they declined? Normally what % increase on your credit limit do you ask for when you hit the luv button?

voidman · ‎04-02-2011

Thanks guys,

I see the Luv button, I have been so ignorant about it. I thought someday I will get a auto CLI.

So before I proceed with the button, will it be a hard or soft inquiry?

[edit]

My appologies for asking OT question there.

I got approved for 12k from 6.1k

-void

smallfry · ‎04-02-2011

Soft actually not an inq at all so far as I can remember but they do peek at your report all the time anyway. At any rate not a hard.

DI · ‎04-02-2011

@smallfry wrote:

@DI wrote:
Mines showed up again too. But here's what I've learned. For me, the luv button appears two weeks in advance before I'm eligible for a CLI. Not able to control myself, I hit the button anyway and get denied. But, after two-weeks when my statement generates, magically I get approve for a CLI when I try it again. I'll see if it works like that this time. My statement generates on 4/10.
So they have never counter offered when they declined? Normally what % increase on your credit limit do you ask for when you hit the luv button?

It always been approve or decline for me. I don't think I ask for a high enough amount to get a counter offer if they were going to approve me.

joestay · ‎04-02-2011

@DI wrote:
Mines showed up again too. But here's what I've learned. For me, the luv button appears two weeks in advance before I'm eligible for a CLI. Not able to control myself, I hit the button anyway and get denied. But, after two-weeks when my statement generates, magically I get approve for a CLI when I try it again. I'll see if it works like that this time. My statement generates on 4/10.

I think that is what happening to me too. In 2 weeks, it will be 6 months for me.