Credit Score Update After Statement Posted

[SweetSpero]

My husband and I are about to close on a house. I'll be applying for 1-2 credit cards after closing to upgrade / replace / consolidate some of my credit cards.

My credit score went from 765 to 780 for end of October statement. As of 11/07 my FICO 8 score is 817, but I'm worried it if it'll appear similarly across other scores as it's still "new" after the statement posted. The 817 FICO store is from Capital One as it refreshes often. Chase VantageScore is 766 as of 11/04.

I've had my Chase Freedom for 12 years, but it only has an $8,700 credit limit. I'll be consolidating it with my Chase Marriott that has a $19,700 credit limit. I don't use either card much, but want to upgrade to the Chase Sapphire Preferred to consilidate some of my credit cards.

For reference, I'm 34 years old, live in New York, total credit limit $94k, income of $300k.

Should I wait until after the next statement, end of the month, or apply after closing for a better chance at getting a higher credit limit for the Chase Sapphire Preferred?

Thanks in advance!

[Rogue42]

The normal consensus is to not seek any new credit until after closing. Every point matters and you don't want to lose any from the hard inquiry hit

[SweetSpero]

I won't be opening the credit card(s) until after closing. Hoping to get more info on what credit score is pulled for when I do apply (after closing).

• Credit score from last statement (780 FICO) or
• Newer credit score pulled (817 FICO) which might increase more over these next few days.

If it's an older credit limit that's more likely to be pulled (780), I'm wondering if I should wait until the next statement (November) to close to have a higher credit score for a higher chance to get a higher credit limit.

[Thomas_Thumb]

It won't matter either way for a credit card SL. Any Fico 8 score 780 or above is golden. After that it comes down to income, job stability, address stability and to a lesser degree highest CL on other revolving accounts plus number of revolving accounts recently opened.

Many CC issuers strongly consider ChexSystems score. ChexSystems considers multiple recent address changes and new account openings as a fraud risk.

A few CC issuers may begin with a low SL but give generous CLIs and have a high CL ceiling. If you don't like your SL, consider requesting a substantial CLI after 90 days or 6 months.

[SweetSpero]

Thanks! I appreciate the feedback.

It gets annoying when I get a lower starting credit limit that I end up using other credit cards with higher limits.

I haven't heard of ChexSystems before. I usually keep my credit cards open for years, but that's good to know.

[LiamDavis]

I'd probably wait a little while longer, to make sure your score recovers. You could try using a credit score simulator to get a sense of what to expect.