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TWMAZ
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
Dustink
Posts: 3,009
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
cmthomas06
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
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: Guestimate of score due to new CC

Also depends if that card backdates.
Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Established Contributor
bettercreditguy1
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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