What are the consequences to my FICO scores for getting the new DM card?
They only inq'd to TU. I had one set of 3 mortgage inq from JUL10, when I refinanced the house on all three bureaus. No others.
The mortgage is the newest CC on my reports @ AUG10. Next newest CC account opened is SEP09.
The $6500 CL will dilute my util% a little, but that will be insignificant I think since it was 81% on TU. How much of a hit is 1 inq?
How much of a hit is a new CC for the cards without an inq? Can it ever be a good thing to add a CC to your new credit category?
(I know YMMV... but just an idea of how much. 5 pts? 10 pts? 25 pts? 50 pts?)
Starting Score: 693 TU FICO, 679 EQ FICO 
No one can give you a number as it is going to be different for everyone. You are going to get dinged for a new INQ, new account, and lowered AAoA. Depending on the thickness of your file it can be anything from just a couple to significantly more. Anyone that tells you anything different is just guessing. How much any change affects anyones score is different for every individual.
The only time I can think of that adding a new card in and of itself would be somewhat beneficial is if it increases you credit mix, i.e. adding a store card or the like. In general I think the mix is over rated and folks worry about it to much. If it will help your UT out a good bit you could see an overall increase.
crunching_numbers wrote:What are the consequences to my FICO scores for getting the new DM card?
They only inq'd to TU. I had one set of 3 mortgage inq from JUL10, when I refinanced the house on all three bureaus. No others.
The mortgage is the newest CC on my reports @ AUG10. Next newest CC account opened is SEP09.
The $6500 CL will dilute my util% a little, but that will be insignificant I think since it was 81% on TU. How much of a hit is 1 inq?
How much of a hit is a new CC for the cards without an inq? Can it ever be a good thing to add a CC to your new credit category?
(I know YMMV... but just an idea of how much. 5 pts? 10 pts? 25 pts? 50 pts?)
You may see an initial 5-10 decrease for the INQ and new account but that will go away over the course of time as the account ages.
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