The OP also had one "clean" profile and two "dirty" profiles, so the scorecard change for a new revolver would probably have been different among the bureaus. The "clean" profile would have changed scorecards as well as aging metrics with a new revolver. The "dirty" profiles would have had aging metrics impacted, but I'm not sure that a scorecard change would have occurred. See this thread for previous conversations:
https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/new-accounts-data-points/td-p/6789031
I have the fico 9 data as well, as I have tracked all the changes for data points.
the fico 9 changed were slightly less on average, data points below
8/28 fico 9 scores (2 days before the account hit 12 months of age)
exp- 718
TU-738
equifax(clean and young profile)- 767
fico 9 scores on 9/1 ( the day the account hit 12 months and aged out of the new revolver scorecard)
exp-729 (giving it a gain of 11 points)
TU-745 giving it a gain of 7 points)
equifax-771 (giving it a gain of 4 points)
so fico 8 gave me 10 points for each bureau for a total of 30 points
while fico 9 gave me a total of 22 points, so less overall change, but still positive change
@Cblough93 wrote:at the time, when it went over 12 month mark. It was my only, and therefore my newest account.
Since then I have gotten 2 more cards making it my oldest card at this point in time
OK so there it is. You went to a better scorecard, and gained 10 points, when your newest account reached 12 months.
Yes apologies I wasn't explaining myself clearly but yes that is correct.
so for me, the new revolver/ no new revolver penalty was 10 points on fico 8, and between 4-11 points on fico 9.
and as mentioned the affects were reversed as soon as my new account hit and I went back into new revolver territory again.
Like I said the only thing I can't figure out is transunion, I received the 10 point bump. So, then when the new accounts hit, i was expecting a loss of about 15-20 points like experian and equifax experienced. But instead, TU gained another 21 points.
Besides this, what has happened to my scores make perfect sense.
It's not exactly a penalty. It's a scorecard change.
In my case it seems to be worth plus 26 points in EX FICO 8 when I get on that scorecard, and minus 26 when I fall off of it. In your case it was 10 points on and 10 points off.
Perhaps in TU the scorecard change has a different significance for your profile.
it sounds like, you received a bigger point reduction because ur scorecard is clean and mine had a late payment, and late payments/dirty scorecards cause many things to have less of an affect.
for example util, the penalty for high util would be less on a Dirty scorecard, things seem to get muted.
so I would assume it would be the same for this, because my scorecard has a late payment, the negative point loss was muted, and you received a bigger penalty.
On the bright side, a bigger penalty for you also means a bigger reward, so when your profile comes out of "new revolver" status, you will receive a 26 point bump, where I would only get 10 points. So it all depends how you look at it, but still, losing 26 points simply because your newest account was opened in the last year seems like a big loss.
once you factor in the point loss from the hard pull and loss of average age, coming out of the garden and adding a new account for you probably costs you about 30-40 points (again assuming you were in the garden and didn't already have another new account)
@Cblough93 wrote:
it sounds like, you received a bigger point reduction because ur scorecard is clean and mine had a late payment, and late payments/dirty scorecards cause many things to have less of an affect.
for example util, the penalty for high util would be less on a Dirty scorecard, things seem to get muted.
so I would assume it would be the same for this, because my scorecard has a late payment, the negative point loss was muted, and you received a bigger penalty.
On the bright side, a bigger penalty for you also means a bigger reward, so when your profile comes out of "new revolver" status, you will receive a 26 point bump, where I would only get 10 points. So it all depends how you look at it, but still, losing 26 points simply because your newest account was opened in the last year seems like a big loss.
once you factor in the point loss from the hard pull and loss of average age, coming out of the garden and adding a new account for you probably costs you about 30-40 points (again assuming you were in the garden and didn't already have another new account)
Yes I agree that the 'clean' scorecard is probably a factor.
As to what the total cost of a new account is to me, I don't know. I try as best as I can to isolate specific items. The only bureau with which I can even hope to achieve that is with EX, because there I have daily updates of both the report and 7 or 8 scoring models.
The big question on my mind at the moment is whether I get knocked off the 12 month + scorecard for getting a new installment account. I'm about to find out, because I'm presently on that scorecard, and will have a new installment loan reporting in a day or two. It's so rare for me to be on that scorecard that I have zero experience with this issue.
From the many posts I have read here, people say that installment loans do not count, it's only new revolving accounts.
So I think you'll be good