Hello all,
I recently applied for a Barclays Rewards MC. It appeared on my EQ report this morning (I wasn't expecting it this soon), but I didn't get a ding. I realize I wouldn't get the inquiry ding since they pulled TU, but I expected a ding from the new account reporting. Is there ever a lag time from when the new account reports and the actual ding you experience from the addition? I am trying to figure out if I may have squeaked by with no damage.....
Once it reports the score will reflect any changes immediately.
Ok thanks boomhower. Well it seems I got thru this one ok. I lost none on EQ and 2 on TU. I of course h e no idea on EX. Now I just need to see what happens with FP and the HSBC card falling off my report. They are both showing closed on the account sites but haven't reported on CBs yet. That is what I am really waiting to see.
Any impact of a new account should appear as soon as it shows up on your files. Have you checked your EQ FICO?
Hi LS. Yes. I have SW and no change on EQ. A 2 point ding on TU. Since TU took the inquiry and the new account it should have dropped the most. So with only a 2 point drop on TU I can see having no score change on EQ. My history is a little bit longer on TU and EX.
I am assuming that is what happened pizzadude. I guess it didn't lower the age and the 2 points I lost on TU were from the inquiry.
Thats great you didnt lose points! you may want to garden for 6 months before the "seeking credit" ding comes.
Honestly, in addition to the fact they pulled TU; that is part of the reason I chose Barclays. I have heard that you really have to wait 6 months just to be on the safe side. But, truth be told, I need to garden indefinitely. This card was to cover me if Care Credit drops me as I suspect they may be thinking of doing soon. I haven't used that card in a year and it's a nice chunk of available credit that I don't want to lose. If I can't find a use for it in the next 6 months, I will be closing that too.
@tonyaether wrote:Honestly, in addition to the fact they pulled TU; that is part of the reason I chose Barclays. I have heard that you really have to wait 6 months just to be on the safe side. But, truth be told, I need to garden indefinitely. This card was to cover me if Care Credit drops me as I suspect they may be thinking of doing soon. I haven't used that card in a year and it's a nice chunk of available credit that I don't want to lose. If I can't find a use for it in the next 6 months, I will be closing that too.
AFAIK, CareCredit will drop you if you have a year straight no activity on the card. Can you take your pet for a checkup?? It worked for me.