Was giving my accounts a break while I let my Scores drift upward. (I had a lot of activity last year) Am looking at the Citi Dividend Platinum Select MC and an account at PSECU (for the Experion score). My refi was completed a month ago and it just hit the CRA's. Equifax is down 30 points for opening a new account. That stings! I could still apply, but I'm going to put it off until later in the year. Hopefully, my scores will rebound shortly.
BTW, can anyone tell me how much a CU (PSECU) impacts a credit score initially vs. a CC or are do all new accounts affect it the same intially?
Do you mean a Credit Card/LoC at PSECU, or just checking/share account?
If its the latter, then you'll just get dinged with one inquiry on Experian, no account will appear on the CRs.
Just a ding for the inquiry, about 3-5 points at the most usually, nbd.