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Credit Card Anniversary

tag
Anonymous
Not applicable

Credit Card Anniversary

What is the typicall FICO increase when a CC turns 1 year old?

It is my understanding that there is a slight increase at the 1st day of the month, in addition to the inquiry that will vanish at the exact date.

 

Am I right? 

Message 1 of 2
1 REPLY 1
llecs
Moderator Emeritus

Re: Credit Card Anniversary

I started repair last August and had several cards and inquiries hit one year last month and this month. There was an unexplained increase of about 20 or so points with 2-4 CCs hitting the 1 yr mark with about 10-15 inquiries dropping off. IMO, the increase came with the accounts hitting 1 yr. Since late fall, I have tracked my FICO score with each new app and had 0 change when adding new inquiries, even going from 0 to 1 or 1 to 2 on TU.
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