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Offset HP score drop

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Offset HP score drop

So I applied and got my new Amex card. My score increase 14pts. Not sure why but I believe that paying 2K on my BOA balance offset that 2-5pt hard pull. Just something to consider if your applying for a card and worried about a drop. Pay another balance down a statement period prior to apply any probably will offset that HP.

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Re: Offset HP score drop

When paying down balances, it's all about if you crossed a utilization threshold percentage.  It's always based on percentages (9%, 29%, 49%, etc) not dollars.  It is perfectly possible that you crossed a threshold which resulted in a score increase from utilization which was greater than the score decrease from an inquiry.

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