Hello credit savvy people. I will try to make this a quick one.
I got a new CAP1 QS1 at the end of August, credit score increased on all three reports as soon as the new account reported in September. At the end of September/Beginning of October, I apped for the Discover It and NFCU Cash Rewards. Both of those new accounts reported to Experian and CreditCheckTotal (only Experian) within the past three days. The NFCU had $0 balance. The Discover it had a balance of $37. Both balances reported, as well as the credit limits on each. Note: TU and EQ have not updated with either of the new accounts yet.
So here is my question--once the new accounts reported, along with balances and credit limits, shouldn't my score have changed also? Or will it take more time to reflect a change in my Experian score for the two new accounts?
Honestly, I expected to see a decrease in my score for two new accounts reporting so close together. I will be very happy if this is not the case.
