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Congrats. Chase has been a thorn in my side as well. I will be apping for the CSP in December, when all the presumed reasons for my denials are fixed (not enough experience, AAoA).
Well the inquiry from Discover hit my EQ and my Score Watch alerted me. Ouch! Dropped my score from 712 ro 698! Thats a big blow for a single inquiry. Will I have to wait a year to recover or will this new credit line with triple my old largest card, help it inch back a little?
I think I know this answer but I'm rusty. Do I need to close my old cards to help my score or should I just leave them open and let them age, especially since I shouldnt have an annual fee on any of them and no balances.
Thanks everyone!
@BrandonSS wrote:Well the inquiry from Discover hit my EQ and my Score Watch alerted me. Ouch! Dropped my score from 712 ro 698! Thats a big blow for a single inquiry. Will I have to wait a year to recover or will this new credit line with triple my old largest card, help it inch back a little?
I think I know this answer but I'm rusty. Do I need to close my old cards to help my score or should I just leave them open and let them age, especially since I shouldnt have an annual fee on any of them and no balances.
Thanks everyone!
Closing a card won't help your score!
Your score will recover from the inquiry and new accounts very fast. Give it 6 months of gardening for your score to go back up if that's what you're interested in.
@HiLine wrote:Closing a card won't help your score!
Your score will recover from the inquiry and new accounts very fast. Give it 6 months of gardening for your score to go back up if that's what you're interested in.
Yeah thats what I thought. I just browsed through today and read a bunch of threads where people were canning their starter cards after moving into the big leagues and I didnt see many reply to them telling them otherwise.
Back to the garden I go for sure.
Thanks again!