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New card reports, EQ score goes up?

Frequent Contributor

New card reports, EQ score goes up?

On my EQ credit report, I have 2 bank cards and 1 store card reported as Open and 1 store card reported as Closed.

 

On 10/25/12, I applied and was approved for 2 bank cards.

On 10/27/12, Scorewatch alert tells me 1 new bank card was detected and my EQ score increased by 19.

 

I thought that was strange. I was expecting a dip due to shorter AAOA. I wonder what will happen when the 2nd bank card reports.



06/30/2017 - EX 807 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2017 - TU 819 (Discover TU FICO® Score 8, range 300-850)
07/25/2017 - EQ 842 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015
3 REPLIES
Moderator Emeritus

Re: New card reports, EQ score goes up?

Increase was due to an improved mix of credit and/or improved util. 

 

You don't always lower your AAoA as seen by FICO when adding an account. AAoA can remain the same.

Established Contributor

Re: New card reports, EQ score goes up?


llecs wrote:

Increase was due to an improved mix of credit and/or improved util. 

 

You don't always lower your AAoA as seen by FICO when adding an account. AAoA can remain the same.


+1


Starting Score: 500's
Current Score: 773 EQ(DCU), 757 TU(Barclay), 788 EX(Credit.com)
Goal Score:760 X 3


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Frequent Contributor

Re: New card reports, EQ score goes up?

As mentioned, I app'd and was approved for 2 credit cards.

The 1st one resulted in EQ FICO +19.

Waiting to see the effect of the 2nd card reporting.



06/30/2017 - EX 807 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2017 - TU 819 (Discover TU FICO® Score 8, range 300-850)
07/25/2017 - EQ 842 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015