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Member
Posts: 43
Registered: ‎03-21-2012
0

Guestimate of score due to new CC

How many points do you think a new CC would drop a fico? I am at 719 across the board got a new AMEX T.E. limit 1200, utility is below 4%, I already took a 2point loss for HP any comments welcomed.

Valued Contributor
Posts: 3,099
Registered: ‎10-02-2012
0

Re: Guestimate of score due to new CC

How many lines of credit do you currently have and what is your current AAoA?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
Regular Contributor
Posts: 174
Registered: ‎06-21-2012
0

Re: Guestimate of score due to new CC

It would be extremely difficult to guess any score change since the actual scoring model is not publicly available. If that is your only inq and your AAoA remains about the same, dont expect much of a change. Even if it does dip, your score will improve within 6 months. 

Ex 752 (Amex) Tu 758 (Walmart) Eq 703
Goal: 750+ on all
Current Cards: Cap1 Cash Back; Chase Freedom; Chase Amazon; Citi Thank You; Citi Forward; Discover iT; Amex Zync; GE WalMart; BoA 3-2-1
Valued Contributor
Posts: 2,280
Registered: ‎07-23-2012
0

Re: Guestimate of score due to new CC

Also depends if that card backdates.
Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
Established Contributor
Posts: 760
Registered: ‎02-11-2012
0

Re: Guestimate of score due to new CC

I opened a new cc  with AAOA of 12 yrs, and TU dropped 16 points. (Also new car loan two months before that), for total of 3 inquiries in about 20 months.

 

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
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