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Score dropped after new account reported

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sjt
Senior Contributor

Score dropped after new account reported

I applied and was approved for a Mileage Plus Visa and when it started to report my score dropped. I knew it would drop but when will it jump back up again and how soon.

American Express: Platinum Charge, Optima, Business Gold, Delta Business Reserve, Business Cash, Business Plus
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture X Visa Infinite
Chase: Freedom U Visa Signature, CSR Visa Infinite
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity Visa Signature
Credit Union: Cash Back Visa Signature
FICO 08: Score decrease between 26-41 points after auto payoff (11.01.21) FICO as of 5.23, EX: 812 / EQ: 825 / TU: 815
Message 1 of 3
2 REPLIES 2
Revelate
Moderator Emeritus

Re: Score dropped after new account reported

Depends on your file.

 

I only recorded a drop which apparently coincided with an alleged AAOA boundary Cat Tongue out of all the tradelines I've had report.

 

For me I regained those points 2 months later when my AAOA again passed that alleged boundary.  For others could be a lot more, as such YMMV.




        
Message 2 of 3
sjt
Senior Contributor

Re: Score dropped after new account reported


@Revelate wrote:

Depends on your file.

 

I only recorded a drop which apparently coincided with an alleged AAOA boundary Cat Tongue out of all the tradelines I've had report.

 

For me I regained those points 2 months later when my AAOA again passed that alleged boundary.  For others could be a lot more, as such YMMV.


Thanks for the feedback.

 

 

American Express: Platinum Charge, Optima, Business Gold, Delta Business Reserve, Business Cash, Business Plus
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture X Visa Infinite
Chase: Freedom U Visa Signature, CSR Visa Infinite
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity Visa Signature
Credit Union: Cash Back Visa Signature
FICO 08: Score decrease between 26-41 points after auto payoff (11.01.21) FICO as of 5.23, EX: 812 / EQ: 825 / TU: 815
Message 3 of 3
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