Short term score hike on credit karma...

[Shellie]

I know it's only credit karma so it's FAKO but I got a 28 pt score bump for opening a new card.  Crazy! myFICO was a 7pt boost.  I am carrying high balances on 2 cards so both scores will plummet when they report.  Either way it's nice to see...

[Shogun]

Absolutely, very nice. Congrats!

[Shellie]

I am hoping that some stuff will fall off this month like it is supposed to and that will help too.  I will have the high cc balances paid off in the next two months.  I wonder tho...when my score falls after the high balance reports, hypothetically speaking, say it falls 20 pts after I pay those balances off will I get the whole 20pts back.  It just seems like its one step forward two steps back.  Ex fall 20pt for the high balances and raise 10pts after they report $0 again.  If that makes any sense at all!

[Shellie]

bump

[goosedog]

Try raising limits on your credit cards if you are able to, that usually helps. How much did the new card increase your overall credit limits by?

[Shellie]

I have 2 CapOne's.  One was opened with $300 CL almost a year ago and I got a CLI to $500 in June.  The other was opened in May with a $500 CL.  I don't think I could get a CLI and I don't want to chance a HP.  I will have them paid off in the next couple months.  What I am trying to figure out is will I get back all the points lost from the hit I'll take when they report the high balances?

[Shogun]

What you are referring to is your util, yes, you will get a bump if you pay that util down.

[Shellie]

Ok. Thanks