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How much would my FICO score decrease if I open a new credit card?

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joestay
Frequent Contributor

How much would my FICO score decrease if I open a new credit card?

I'm at 750 on EQ Fico score right now.  I only have 1 credit card with a credit limit of less than 1000.  My credit history is a little over 2 years.  What new credit card limit can I get with this and how much will my score drop?

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Anonymous
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Re: How much would my FICO score decrease if I open a new credit card?


@joestay wrote:

I'm at 750 on EQ Fico score right now.  I only have 1 credit card with a credit limit of less than 1000.  My credit history is a little over 2 years.  What new credit card limit can I get with this and how much will my score drop?


None of us able to answer for those questions .... may be just guessing answer.    It depend on your Annual Income, Credit History, etcetera etcetera ...    And about score drop ... you never know how much will be.  It could be 5, it could be 10, it could be 15 or more.

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