New credit card caused a dip??!!

[juleslanr]

I was recently approved for a 2K Barclay card(Apple) and within a week,  my credit dipped by 10 points! I read this can happen, but why? And how long will it affect the score?

TIA!

[Shokk]

Why?  No idea, but it happens when you add any new line of credit.  It should bounce back fairly quickly.

[Involver]

Opening a new account will lower your AAoA (average age of accounts), which makes up a percentage of your FICO score.  The hit will be temporary and it should recover shortly.

[juleslanr]

Thanks for the replies.  How long does it typically take to rise back up? A few months or less? And here I thought it would help me

[iwant700fico]

my wife got  2 cards in Aug 2013 and her score dipped like 20 pts but within 3 months it went up like 27 points.