Capital One-hard pull with luv button???

[Creditdreamer]

I have been pressing the luv button on my secured card (opened in 2012) and on my unsecured platinum (opened 10/13/15) every couple of weeks since I opened the platinum (I've done it twice since I opened the platinum). And I last did it on November 15th. I checked my Equifax and it showed an updated hard pull from capital one on 11/16 (the day I got the letters saying my account is too new and that they don't give unsecured increases on the secured card). Has anyone heard of this happening? I thought the benefit of the luv button was that there was no risk because it was always a soft pull? The hard pull only showed up on my equifax, not on my transunion which I also checked. And I didn't check experian so I'm not sure if it showed up on there. I'm a bit frustrated because I was just pressing it for fun, knowing I wouldn't really get approved yet but hoping there was a chance to have it go through early.

[Anonymous]

well anytime you apply for additional credit a HP can always happen. and "pressing for fun" is never wise. it's actions like that that will cause lenders to want to be a little more HP happy. press it if needed, not for fun.

[Creditdreamer]

I didn't mean literally "for fun". I was going off of a thread about Capital One CLI early on and people were saying they pressed it every two weeks just to be safe and see if they could get a cli early. That was my thinking with it.

[Anonymous]

well they will increase you if they feel your spend vs your limit vs your payments require it. sorry for the HP but that's a risk with any lender.

[Creditdreamer]

Just looked at one of the other threads and I realized that's not what it was. I applied for a GM Buypower card that day. I had completely forgotten. It should come in the mail here soon I guess. Wow my brain has been elsewhere. Sorry about that!

[Anonymous]

haha. well good thing it wasn't a HP for the CLI. it is odd and not common but unfortunately the possibility always is there. congrats on your new card

[MakeItAMudLight]

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@Creditdreamer wrote:

Just looked at one of the other threads and I realized that's not what it was. I applied for a GM Buypower card that day. I had completely forgotten. It should come in the mail here soon I guess. Wow my brain has been elsewhere. Sorry about that!

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 Congrats on the GM Buypower!  I'm curious what your SL was?

[Gmood1]

Congrats on the new card! I've learned it's much easier to get new credit with Cap one than get cli's. They are a quirky company.

[UncleB]

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@Creditdreamer wrote:

I have been pressing the luv button on my secured card (opened in 2012) and on my unsecured platinum (opened 10/13/15) every couple of weeks since I opened the platinum (I've done it twice since I opened the platinum). And I last did it on November 15th. I checked my Equifax and it showed an updated hard pull from capital one on 11/16 (the day I got the letters saying my account is too new and that they don't give unsecured increases on the secured card). Has anyone heard of this happening? I thought the benefit of the luv button was that there was no risk because it was always a soft pull? The hard pull only showed up on my equifax, not on my transunion which I also checked. And I didn't check experian so I'm not sure if it showed up on there. I'm a bit frustrated because I was just pressing it for fun, knowing I wouldn't really get approved yet but hoping there was a chance to have it go through early.

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This is concerning... you're not the first person to report this.  On the other thread, the person has a co-branded card, and there's speculation that's what drove the HP in that case.  However, in your case the cards aren't co-branded, so that theory doens't hold.

Here's the other thread if you want to chime-in over there as well:

http://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-and-Hard-pulls-for-CLI/td-p/4338266

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Edit:  Nevermind.  I just read the other posts on the thread.

[Creditdreamer]

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@MakeItAMudLight wrote:

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@Creditdreamer wrote:

Just looked at one of the other threads and I realized that's not what it was. I applied for a GM Buypower card that day. I had completely forgotten. It should come in the mail here soon I guess. Wow my brain has been elsewhere. Sorry about that!

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 Congrats on the GM Buypower!  I'm curious what your SL was?

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Low. lol. I probably shouldn't have apped for it at all. But I got 4 pre-approval letters in a month and got too excited. It's only $300. But that's still amazing to me that I was approved outright. So it's still a mental win for me. Next up is closing my secured Capital One card because I want to take the deposit and put it onto my Discover it Secured card. Plus it has an AF and I've now closed all my other cards that have an AF (Continental Finance, Open Sky Secured) and got my fee waived for Credit One. Then my plan is to just sit on my cards for a while. I'll then have Capital One Platinum with $500, GM Buypower with $300, Credit One with $650, and Discover it Secured with whatever limit I want up to $2500. Currently Discover is at $400 but I'm going to increase it again today I think. I know everyone hates Credit One but they've been really good to me. I have never paid for a limit increase and I call in and they waive my fee for 6 months at a time. So I'm keeping it for AAoA and just won't use it because the way they charge interest does suck (average daily balance versus grace period). And Discover gave me an intro rate on my secured card, 0% for 12 months, even though the first statement doesn't close until the 6th of December. So crazy. I am just really happy with all of this right now. Especially Discover.