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Chase Freedom added and score drop?

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Anonymous
Not applicable

Chase Freedom added and score drop?

My new chase freedom was added to my CR, but my score dropped a point and there is only $87 on it's $3000 limit. Any reason why? I figured it would make my overall utilization would have gone dowm . My Sapphire should report any day now too. Will it rebound.

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VinnyVee
Contributor

Re: Chase Freedom added and score drop?

Probably a drop in your AAOA, if it's a new account.

(started in the mid 500s on all 3, 11/13)
As of 5/22/15 EX: 698, EQ: 700, TU: 703
Barclay Rewards: $2750, Capital One Quicksilver one: $4300, Discover IT : $300, Amazon Visa: $100. Best Buy Credit Card: $3000, Kohl's Charge: $300, Express: $2600, Overstock $1650, Chase Freedom $4700, AMEX Everday $1500, Serta iComfort $4700, Walmart $1600, Target $300
Message 2 of 3
tomfromrictmame
Frequent Contributor

Re: Chase Freedom added and score drop?

What was your utilization before Chase was added?  Have you ensured your CL ($3,000) is reporting on the TL?  It's not unusual for all the changes to be factored into the scoring models.  At this point, I would not be concerned about a single point movement in your score.  You have recently increased your overall credit available to you by 117%.  Focus on your credit profile (which has improved significantly), and your score will follow.

 

My $.02.




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