Does fraud transaction affect credit score negatively?

[haoniukun]

Hi,

I found a fraud transaction on my credit card transaction list, so I called the credit card company.

The customer reprenstative closed the card and told me that they would issue me a new card.

I'm just curious if the new card will have any negative impact on my credit score.

I may need to apply for mortgage in the next couple of months.

I don't hope the problem will have any negative impact on my credit score.

If there is negative effect, how can I compensate to minimize the negative impact?

Thanks for any advice in advance.

[bettercreditguy1]

no, it does not effect your credit score and it does NOT show up as a new account either. After one or two months your prior history and start date from your old card will be merged to the new account.

[QAMngrGirl]

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@bettercreditguy1 wrote:

no, it does not effect your credit score and it does NOT show up as a new account either. After one or two months your prior history and start date from your old card will be merged to the new account.

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Does this depend on the company? Last year Bofa closed a bunch of accounts due to a "security breach" on their end and issued new cards. My old account was closed, reported lost/stolen & a new trade was opened. Same history of course, but both trades are on my credit reports.

[bettercreditguy1]

I can speak for Chase as I recently had the experience.  My old  account was there for one possibly two reporting months, then the old account vanished.

[QAMngrGirl]

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@bettercreditguy1 wrote:

I can speak for Chase as I recently had the experience.  My old  account was there for one possibly two reporting months, then the old account vanished.

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Yeah, my BofA issued happened May'12, and both lines are still there =/

[haoniukun]

Mine is discover.

I'll try to monitor my credit report so that I can keep the length of my credit history for the discover card.

Thanks for your replies.