By how many points does each new card drop your FICO?

[JoshNurse]

By how many points does each new card drop your FICO?

I plan to go to on a second spree of about 5 more cards and stop for several years.  I just want to hit 20.

[myjourney]

3-5  pts per HP 

3-5 pts per new TL reporting 

YMMV depending on size of CR's (thick or thin)

[juggalo9er]

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@myjourney wrote:

3-5  pts per HP 

3-5 pts per new TL reporting 

YMMV depending on size of CR's (thick or thin)

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agreed, it really depends on the file. when i obtained my second card out of bk i saw the 3 point ding, when the card started reporting however i saw a 19 point boost. keep in mind utilization was not a factor as i was at 4%. i believe at times a greater mix of credit (3) cards gives you the biggest bang for your buck.

[JoshNurse]

Hi what is TL?

[Kenny]

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@JoshNurse wrote:

Hi what is TL?

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TL = trade line

[juggalo9er]

tradeline

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@JoshNurse wrote:

Hi what is TL?

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[pip3man]

From my recent personal experience, around April/May I started an app spree with an EQ credit score of 763 and 1 inquiry each on all 3 bureaus. Post app spree I added 7 new tradelines (11 actually cos one Macys card reports under 4 seperate accounts) and I racked up 5 INQ on EQ and my EQ FICO tanked to 728.

[pip3man]

In addition to the above my AAOA dipped to 7months (oldest open account is 3yrs while oldest closed account is 4yrs)  and due to high utilization this period, my final resting score is 663 as of today. That's down from 728 post app spree

[myjourney]

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@pip3man wrote:

In addition to the above my AAOA dipped to 7months (oldest open account is 3yrs while oldest closed account is 4yrs)  and due to high utilization this period, my final resting score is 663 as of today. That's down from 728 post app spree

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3-5  pts per HP 

3-5 pts per new TL reporting 

So basically your lost 4.5 per each with a substantial hit to AAoA

[JoshNurse]

So those 5 HP's ended up costing 20 points each?  You started at 763 and ended at 663.

I am scared now.  Can you atleast tell me which hard pull gave you more than one trade line?