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Contributor
Posts: 89
Registered: ‎02-14-2011
0

Opened 3 new CC's and got a 33 point bump!

I've been a nervous wreck waiting to see how much my score would drop after opening 3 cc's.  I had no open revolving lines and did my app spree last week.  The 33 point jump is based on VS, but no matter how you slice it, it's an improvement!  Can't wait to see what Score Watch will tell me, waiting for those emails make me crazy!

 

 

FYI here's my app spree results:

 

Had a 621 EQ (Fico) and 618 (TU Vantage Score) at the time of applying.

 

Amazon $700 (pulled all 3 CRAs)

Walmart $150 ((pulled all 3 CRAs)

JC Penney $400 ((pulled all 3 CRAs)

Victoria's Secret (7-10 day notice, pulled EX)

Shell (7-10 day notice, pulled EX)

Target (7-10 day notice, pulled EQ)

 

I know I probably app'd too much, and the inquiries are pretty ridiculous, but I'm so excited to have cc's now to rebuild.   

 

Now it's time to garden.

 

Thanks everyone for all of your help!

 

:smileyvery-happy::smileyvery-happy::smileyvery-happy: 

Starting: TU 616 (VS) EQ 598 (FICO) EX 619 (FAKO)
Current: TU 670(FICO) EQ 667 (FICO) EX 660 (FAKO)
Look out 700 Club, here I come!!!
Valued Contributor
Posts: 1,072
Registered: ‎04-24-2008
0

Re: Opened 3 new CC's and got a 33 point bump!

OP can chime in..but your score should drop if you apped for new CCs.

All those hard inquiries drop scores, not improve them.

Now over a short period, your score should rebound if your UTIL remains low.

Am I missing something here?

I just received a new revolving CL and my score dropped 5 pts.

Regular Contributor
Posts: 151
Registered: ‎06-09-2009
0

Re: Opened 3 new CC's and got a 33 point bump!

Probably going to take a hit when the accounts show up on your report. :smileysad:

Contributor
Posts: 89
Registered: ‎02-14-2011
0

Re: Opened 3 new CC's and got a 33 point bump!

Just to clarify, the accounts have posted to my CRs, and yes, I still got the bump :smileyhappy:

Starting: TU 616 (VS) EQ 598 (FICO) EX 619 (FAKO)
Current: TU 670(FICO) EQ 667 (FICO) EX 660 (FAKO)
Look out 700 Club, here I come!!!
New Contributor
Posts: 55
Registered: ‎04-24-2011
0

Re: Opened 3 new CC's and got a 33 point bump!

I would check your FICO TU instead of VS cuz my VS was 730 and had me feeling pretty good and my fico was only 650. Not that 650 is horrible but when you think you got around 730 its a let down.

Contributor
Posts: 102
Registered: ‎05-06-2011
0

Re: Opened 3 new CC's and got a 33 point bump!

From the $1250 additional unutilzed available credit, no doubt...


Starting Score: TU 595 EQ 610 EX 601
Current Score: TU 683 EQ 661 EX 677
Goal Score: 710


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Contributor
Posts: 89
Registered: ‎02-14-2011
0

Re: Opened 3 new CC's and got a 33 point bump!

I agree, I know the VS can be misleading.  It's just nice to know I went up instead of down.  At this point, I'm going to wait to see what my EQ FICO is and just ride it out for awhile. 

 

Thanks for chiming in.

 

Oh yeah, came home and got a Victoria's Secret card for $250 and Chevron for $350.  I'm so excited!  Can't wait to see them grow!

Starting: TU 616 (VS) EQ 598 (FICO) EX 619 (FAKO)
Current: TU 670(FICO) EQ 667 (FICO) EX 660 (FAKO)
Look out 700 Club, here I come!!!
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