If you mean how long does it take before it benefits your scores, it can be as soon as 2 or 3 months, especially if it significantly increases your total available credit and thereby reduces your util. You will see your scores inch up through the first year, as long as you take good care of the new card.
It will count as "new" until it goes over one year. Additionally, after one year, the inquiry no longer counts. I got two whole points when my inq went over a year!
It will count as "new" until it goes over one year. Additionally, after one year, the inquiry no longer counts. I got two whole points when my inq went over a year!
Ahh ok, thank you for that 
Apparently what they told me was when I paid it off pretty quick (3 months) and she told me to put more on the card and make payments until I get over that 6 month mark ... LOL Can you say ... SUCKER!! John
Apparently what they told me was when I paid it off pretty quick (3 months) and she told me to put more on the card and make payments until I get over that 6 month mark ... LOL Can you say ... SUCKER!! John
@Anonymous wrote:
Ahh ok, thank you for that
Well, do keep using it, so that it shows activity, but it's up to you whether you want it to show a balance on your reports. If you pay it off before it reports, it will show a $0 balance, but it should also show that it's being used on your DOLA (date of last activity.) But there's certainly no reason to pay a penny in finance charges. And of course, even if you do allow it to report a balance, you should still pay it off before that statement's due date (generally 2 1/2 - 3 weeks later), so that you don't pay interest.