Good news and bad news (I think)...
10-09-2012 09:24 AM
Good afternoon! I hope someone can shed a little light on this. On Friday I applied (with fear of rejection) for a Kay Jewelers credit card. Thinking that they were going to deny me...they actually approved me for $5,600!!!! I was so excited! All I could think of is the drop in my CU % therefore bettering my credit scores that I have been working on!
However, on Saturday I was notified by MyFICO that because of the inquiry my score took a 7 point hit! Am I going to see a jump in my score due to the increased credit line? and if so...when?
Thank you in advance!!
FICO TransUnion: 7/2012-618 8/2012-618 9/2012-633