09-03-2009 06:38 PM
As to how long before it will help your report the answer is - it depends.
If you have a short thin history it will likely help right away. The first 2 or 3 cards usually raise your score slightly.
If you have an older history and/or a thicker file it will likely HURT your score.
If you are looking for the account to give you a positive tradeline and help overshadow some of your negative tradelines it will likely take 6 months at a minimum and more likely a year. By the way, the points you lost for the hard pull and a dip you take for new credit will go away at the 1 year mark.
Best of luck!
09-04-2009 06:58 AM
09-04-2009 08:15 AM
09-04-2009 08:21 AM
What card and limits did you all get? I was approved last week, plat cash back (with the 0% 12 month deals) for $1,250. It is not reporting yet, card has not shown up yet either. It is one of my lower CL cards.
Has anyone been able to get a CLI at activation from HSBC? With the credit line I got I can't really take advantage of the 0% deals without trashing utilization...