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...
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.