New Member
Posts: 1
Registered: ‎11-06-2012

Credit Card Application

When I joined my EQ credit score was 705 then a month later after paying a negative item off , the EQ score went to 720.  Then last month I took a loan out to buy a motorcycle, and the EQ score 770.  The main reason it was so low was the lack of credit cards and loans, I have a 20 year good pay history.   I'd like to apply for a credit card to continue to increase the amount of available credit right now I have 1 credit card with a $1300 limit.  The question is should I wait a month or two to allow it to stabilize(for lack of a better term) or does it matter?  The goal is to get a mortgage in 6 months or so.  Any feed would help.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007

Re: Credit Card Application

Welcome! Moved it over here since it is about applying for a CC.


I wouldn't suggest applying for any credit before the mortgage. Wait until you close or delay the mortgage by another 6-12 months and apply for the CC now.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+