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2nd Anniversary For 4 Credit Cards - Will I see an increase in my FICO score?

Regular Contributor

2nd Anniversary For 4 Credit Cards - Will I see an increase in my FICO score?

The following 4 accounts were opened in April 2008

 

 Target, Macy's, Kohls, Bloomingdales.  Can I expected to see any type of increase in my FICO score?

EQ - 738  TU - 701

 

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3 REPLIES
Established Contributor

Re: 2nd Anniversary For 4 Credit Cards - Will I see an increase in my FICO score?

Everything else being equal....sure, you should.

1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
Message 2 of 4
New Contributor

Re: 2nd Anniversary For 4 Credit Cards - Will I see an increase in my FICO score?

Just based on everything I've read here on the Forums, IMHO you may see a bump in your scores; but It is not going to be a major bump as it would be if you had a Visa or MC in your mix. All of your accounts are charge accounts.  Fico ways more heavily on revolving accts.

 

I'm in your shoes as well.  I opened 4 CCs in 04/08 and am hoping for a nice boost, however all of mine are revolving; I have no charge cards as of yet.

 

Without having a single revolving acct. you have spectacular scores! Or do you have any revolving accts? I'm only speculating here.

 

Thanks for the post.

Message 3 of 4
Highlighted
Regular Contributor

Re: 2nd Anniversary For 4 Credit Cards - Will I see an increase in my FICO score?

Nope, no major credit card.  Haven't been late during the past two years and my uti is 3 percent.

Message 4 of 4