Re: can applying for a credit card raise a credit score?
10-07-2012 07:19 PM
Yes a hard inquiry can sometimes raise your score. It depends on which bucket you are for your range of scores. If there are no inquiries reporting, probably because you stopped seeking credit due to derogs, this snapshot could be different from your peers in the same score bucket who have been active in applying for credit over a one yeard period, and expected to be doing so.
My score behaved the same way too over a 2 month period.
I was at 1 INQ prior to apping for DCU's Visa Platinum Card.
The HP didn't change my SW FICO, it stayed the same at 806 before and after the HP hit.
I'm still waiting to see what the new trade line does to my score.
Goal = FICO's>800 || In my wallet: CostcoAmEx(20k), DCU Visa Platinum (10k), BoA Visa Signature (17.1k), Walmart Discover (7.5k), AmEx Corporate (5k). All PIF every month.