Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
Re: Credit score dropped opening new cards

If you didn't have any open revolving trade lines, then you made the right decision.  In fact, in 6 months or so, you might want to get that 3rd card.  Your initial score will take a drop from having new account, new inquiries, and reduced AAoA.  But in 6 months, a lot of this will recover.  Remember even if you PIF, your revolving debt utilization might be high.  Revolving Utilization is based off of reported balance on the card which typically occurs when the statement is generated.  Only revolving debt utilization really matters.