I just received a SW alert stating my EQ FICO dropped 10 points due to a new inquiry. I applied and was approved for 2 new CC's the other day which explains the drop. How long does a new inquiry affect FICO? Also, with the new $500 TL increase between the 2 cards, how soon might I see my score go back up? Will it not be until I start using the cards or until the CRA reports the new TL?
FICO 8/5/10; TU 724, EQ 702
FICO 6/9/09: TU 669, EQ 658, EX ???
FICO 7/20/07: TU 540; EQ 595, EX 544