How much will my score jump??

Anonymous · ‎08-10-2016

Before being approved for my CSP, my available credit on all lines was $1700. Once my CSP reports my new 5k limit in a week, should I expect to see a big Fico score increase? I would think so bringing my limit from $1700 to now over $7k. Any guesses on how much it will jump? Check out my sig for my Fico's as of today.

Just a FYI, my AAOA won't be affected much by the new card as I have over 30 years of history (AAOA is 20 years), just all my credit is new after closing everything years ago. No negatives, just no new history until recently.

Anonymous · ‎08-10-2016

Whether or not you will see a score increase will depend on what your current utilization is. If it is high, you'll see a bump. If it is already low, you may not see any increase.

Thomas_Thumb · ‎08-10-2016

@Anonymous wrote:
Before being approved for my CSP, my available credit on all lines was $1700. Once my CSP reports my new 5k limit in a week, should I expect to see a big Fico score increase? I would think so bringing my limit from $1700 to now over $7k. Any guesses on how much it will jump? Check out my sig for my Fico's as of today.

Just a FYI, my AAOA won't be affected much by the new card as I have over 30 years of history (AAOA is 20 years), just all my credit is new after closing everything years ago. No negatives, just no new history until recently.

I would expect no increase just for opening a new account. It all depends on the amount(s) you let report and how many cards are allowed to report balances each month. The new card provides you with added flexibility so, overall a good move long term - IMO

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950

SouthJamaica · ‎08-10-2016

@Anonymous wrote:
Before being approved for my CSP, my available credit on all lines was $1700. Once my CSP reports my new 5k limit in a week, should I expect to see a big Fico score increase? I would think so bringing my limit from $1700 to now over $7k. Any guesses on how much it will jump? Check out my sig for my Fico's as of today.

Just a FYI, my AAOA won't be affected much by the new card as I have over 30 years of history (AAOA is 20 years), just all my credit is new after closing everything years ago. No negatives, just no new history until recently.

My prediction is it won't jump at all.