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New credit lines and credit score

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ecxpa
Valued Contributor

New credit lines and credit score

Have 2new cards getting ready to report, chase sapphire and chase slate along with some CLI's that total around 12k.............my scorewatch Fico is 660, what kind of score bump should I hope for?   BTW are prime cards scored differently than subprime cards.......I have both

Message 1 of 6
5 REPLIES 5
BearsAndTurtlesRtheBest
Senior Contributor

Re: New credit lines and credit score

I would say 690-700

Discover IT $2,600- First Premier MasterCard $1,000- Dillards Store Card $300- Fingerhut Advantage $200
Chapter 7 BK Dischagred on 07/11/16. Gardening Since 01/17/2019
Message 2 of 6
notfancy
Valued Contributor

Re: New credit lines and credit score


@ecxpa wrote:

Have 2new cards getting ready to report, chase sapphire and chase slate along with some CLI's that total around 12k.............my scorewatch Fico is 660, what kind of score bump should I hope for?   BTW are prime cards scored differently than subprime cards.......I have both


It's hard to say or even guess. It depends on how old your accounts are, and your UTL.. and a host of other things...

 

The type of cc you have doesn't matter. Credit scoring makes  no distinction between a prime cc and a subprime cc.

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
Message 3 of 6
-Wade-
Valued Contributor

Re: New credit lines and credit score


@ecxpa wrote:

Have 2new cards getting ready to report, chase sapphire and chase slate along with some CLI's that total around 12k.............my scorewatch Fico is 660, what kind of score bump should I hope for?   BTW are prime cards scored differently than subprime cards.......I have both


it depends on your file( thick or thin )  Like Fancy just said it's hard to tell. you could lose some points and then again gain some points. Only time will tell for sure

"Garden Club Member " Old user name newportguy*** Current Score: myFico EQ - 830 (07/16/2015) Discover TU Fico - 833 (09/03/2016) EX Fico - 839 ( 09/01/2016 ) ******* Amex - BCP 11.5K * Discover - IT 43.5 K * U.S. Bank Cash + Visa Signature 15.3 K * PenFed - Cash Rewards 15K *PenFed Power Cash 19K ** Amex - GDSM 10K ******FICO 800 Club Member ******* EQ 830 *** TU 833 *** EX 839 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 840's Scores ******
Message 4 of 6
-Wade-
Valued Contributor

Re: New credit lines and credit score


@BearsAndTurtlesRtheBest wrote:

I would say 690-700


This is only a quess BearsAndTurtlesRtheBest .

"Garden Club Member " Old user name newportguy*** Current Score: myFico EQ - 830 (07/16/2015) Discover TU Fico - 833 (09/03/2016) EX Fico - 839 ( 09/01/2016 ) ******* Amex - BCP 11.5K * Discover - IT 43.5 K * U.S. Bank Cash + Visa Signature 15.3 K * PenFed - Cash Rewards 15K *PenFed Power Cash 19K ** Amex - GDSM 10K ******FICO 800 Club Member ******* EQ 830 *** TU 833 *** EX 839 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 840's Scores ******
Message 5 of 6
ecxpa
Valued Contributor

Re: New credit lines and credit score

i have an old folder....oldest acct is 33 yrs.....Amex green card, however due to recen rebuilding my AAoA is only around 5 years.  Utilization is around 15%.

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