@Anonymous wrote:
That would be awesome! I believe Amex typically doesn't report the first statement but does report the second one so hopefully your profile doesn't change too much elsewhere (like accidental utilization posting).
I really screwed up my plans for September due to Irma making me go from $5 utilization (1%) reporting to maxed out on 3 cards for that entire month. Had really good data to pull, oops.
The "new account penalty" is one of the least researched portions in my digging around -- few people actually hold off on apping for 6 months to clear out their old "new account penalty" so it's really tough to find data points!
It's really informative, so thank you ABC for sharing that table, it defintely helps most of us to decide whether it would be wise to apply soon or wait and garden before adding new credit cards. I was lucky that the AMEX approval for the Delta was a SP so I was able to get approved for the account without any additional dings for the HP. It was exactly 6 mos. from when I was originally approved for the BCE and Discover (March 2017). I remember back in April, my scores dipped quite a bit, but it somehow stayed within the 700's for both TU and EQ, it was EX that went down as low as 692 between April - May, and I guess it was because I got dinged for the HP as well as the penalty for the AAoA. Would you know if Charge cards are factored the same way in the FICO scoring model? Because when I look at my reports, it seems to look at the total number of revolvers, excluding the Charge card, eventhough on the overall report, it shows 4 accounts total, when I look at, say my Discover FICO score card, it is only counting my 3 current revolvers. Cap1, Discover and AMEX BCE but not the Green Card
