new Comenity Card & LUV Button question

TigerRed · ‎08-22-2014

As I am waiting to receive my victoria's secret card approved yesterday 8/21/2014 (from shopping cart trick). I am trying to get as much info as I can on how to use this card to my advantage to get my CS up. I read the Comenity does not report unless there is a balance. For this reason should I always let a small balance like $10 or $20 report on it, instead of making sure that it reports at a zero balance every month? I want to first tell you that I am re-building and only have one other card which is an SDFCU Visa Secured $1000. This month is my first month of it reporting and my balance on the statement was $47 (almost 5% of CL). In regards to my new Victoria Secret card, is it too early for me to try the LUV button? What does it look like and how do I get to it? As always, your input is greatly appreciated.

tomfromrictmame · ‎08-22-2014

I'm not sure about your reporting question, but it's not too early to ask for a CLI. I recently accepted the offer for a J Crew card when I was shopping online; the offered CL was $500. I then call into Comenity here and asked them to consider a higher CL.. They raised it to $2,000, but did require a HP.

TigerRed · ‎08-22-2014

I am trying to avoid hard pulls right not for 1) I might not get approved with fico scores at exp- 581, eq-612 & tu-547 and 2) I am trying to avoid hard hits that would cause my score to drop even lower.

Scupra · ‎08-22-2014

With Comenity if you request a CLI over the phone you will usually get a HP. If you request online via the luv button it is almost always a SP, YMMV! Comenity usually makes you wait 9 months before getting a CLI though. DW has an Express card that reports $0 bal so I am not sure how to answer your reporting question. We do use the card though and PIF every month. Good luck and congrats

TigerRed · ‎08-22-2014

Is the "request an increase button" the same thing as the luv button? I have it on my screen now. I want to make sure it is gonna be a soft pull. I clicked and it asked for my annual income. Does this sound like the Luv button?

tomfromrictmame · ‎08-22-2014

Yes

Scupra · ‎08-22-2014

@TigerRed wrote:
Is the "request an increase button" the same thing as the luv button? I have it on my screen now. I want to make sure it is gonna be a soft pull. I clicked and it asked for my annual income. Does this sound like the Luv button?

Yes, that is it. Remember your experience could be different than others though. I don't want you upset you got a HP when others haven't. DW has never received a HP from the CLI button online. Good luck and let us know what you decide.

TigerRed · ‎08-22-2014

Thanks Scupra . I pushed it and got the 7-10 msg. I hope it's a softie but if not...that's what I get for being impatient. I will get over it. The good thing about it is that my score can't fall too much lower than it already is.

Scupra · ‎08-22-2014

@TigerRed wrote:
Thanks Scupra . I pushed it and got the 7-10 msg. I hope it's a softie but if not...that's what I get for being impatient. I will get over it. The good thing about it is that my score can't fall too much lower than it already is.

Let us know! I bet you will get a letter stating your account is too new

SunriseEarth · ‎08-22-2014

@TigerRed wrote:
As I am waiting to receive my victoria's secret card approved yesterday 8/21/2014 (from shopping cart trick). I am trying to get as much info as I can on how to use this card to my advantage to get my CS up. I read the Comenity does not report unless there is a balance. For this reason should I always let a small balance like $10 or $20 report on it, instead of making sure that it reports at a zero balance every month? I want to first tell you that I am re-building and only have one other card which is an SDFCU Visa Secured $1000. This month is my first month of it reporting and my balance on the statement was $47 (almost 5% of CL). In regards to my new Victoria Secret card, is it too early for me to try the LUV button? What does it look like and how do I get to it? As always, your input is greatly appreciated.

Since you only have one other CC, I wouldn't recommend letting a balance post on this one if you're letting a balance post on that card. VS usually takes 9 months to hand over an initial CLI. I let a balance post after getting my 9 month CLI to get the new CL to update.