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New Contributor
Posts: 67
Registered: ‎01-29-2011
0

Ouch - That hurt!!

Was giving my accounts a break while I let my Scores drift upward.  (I had a lot of activity last year)  Am looking at the Citi Dividend Platinum Select MC and an account at PSECU (for the Experion score).  My refi was completed a month ago and it just hit the CRA's.  Equifax is down 30 points for opening a new account.  That stings!  :smileysurprised:  I could still apply, but I'm going to put it off until later in the year.  Hopefully, my scores will rebound shortly.

 

BTW, can anyone tell me how much a CU (PSECU) impacts a credit score initially vs. a CC or are do all new accounts affect it the same intially?

Valued Contributor
Posts: 1,278
Registered: ‎05-13-2010
0

Re: Ouch - That hurt!!

Do you mean a Credit Card/LoC at PSECU, or just checking/share account?

 

If its the latter, then you'll just get dinged with one inquiry on Experian, no account will appear on the CRs.

BofA Cash Rewards VS - $10k/9.99% | Citi Diamond Preferred - $12.1k/11.99% | Amex BCE - $12.6k/10.24% | Chase Freedom VS- $10k/15.24% | Barclay Ring $5k/8.0% | Discover it - $19k/11.99%
New Contributor
Posts: 67
Registered: ‎01-29-2011
0

Re: Ouch - That hurt!!

Just a checking account.  Great - no other penalty than a ding?

Valued Contributor
Posts: 1,278
Registered: ‎05-13-2010
0

Re: Ouch - That hurt!!

Just a ding for the inquiry, about 3-5 points at the most usually, nbd.

BofA Cash Rewards VS - $10k/9.99% | Citi Diamond Preferred - $12.1k/11.99% | Amex BCE - $12.6k/10.24% | Chase Freedom VS- $10k/15.24% | Barclay Ring $5k/8.0% | Discover it - $19k/11.99%

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