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Score jump after inquiries

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Valued Member

Score jump after inquiries

Ok, so I recently applied for two new cards, the discover secured card and the ducks unlimited card. Neither one seems to be reporting yet, but my experian score has jumped from 697 to 736 after these two inquiries hit. I was under the impression that inquiries lower your score, not improve it. Or is it possible the cards are already reporting to experian and just not showing up? That's the only reason I can come to for why my score would jump by that much. Any insight would be appreciated.
Message 1 of 11
10 REPLIES 10
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Moderator

Re: Score jump after inquiries

What are you using to monitor your reports? 

I read that banging your head against a wall for one hour burns 150 calories.
If that was the case my scale would have negative numbers.
Message 2 of 11
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Valued Contributor

Re: Score jump after inquiries

Do you have any other cards besides these two? I think I remember seeing a score increase when I went from only 1 card to 2 and 3 cards.




Message 3 of 11
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Community Leader
Senior Contributor

Re: Score jump after inquiries

^^^ I saw the same jumps.


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





TCL $64,850 | Agg. Util under 5%
Message 4 of 11
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Valued Member

Re: Score jump after inquiries

I'm using myfico to monitor my scores, and I effectively went from 2 cards to 3. I closed my cap1 secured card and replaced it with the discover card.
Message 5 of 11
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Super Contributor

Re: Score jump after inquiries

Fico scores don't increase 30-40 points from inquiries.  Inquiries can lower scores or cause them to stay the same.  If your scores increased 30-40 points, it was 100% for a different reason.

Message 6 of 11
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Valued Contributor

Re: Score jump after inquiries

I think increasing the number of revolving accounts and increasing your available credit helped with the point increase and negated the points lost from new inquiries. However this does not apply after you go past three accounts.




Message 7 of 11
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Valued Member

Re: Score jump after inquiries

I was pretty positive it was due to underlying factors, but it listed the inquiry with the increase each time and that tripped me up.
Message 8 of 11
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Community Leader
Senior Contributor

Re: Score jump after inquiries

Not all score increase causes are alertable occurrences. Often you may see a score bump without being notified, but then have something that is an alertable event, like an inquiry, happen. You then go look, see the inquiry and the higher score, and connect the two erroneously. As BBS stated, inquiries are negative or at best neutral events scorewise - something else coincided with the inquiries, and it was that event that boosted your score.


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





TCL $64,850 | Agg. Util under 5%
Message 9 of 11
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Super Contributor

Re: Score jump after inquiries


@Larizzle wrote:
I was pretty positive it was due to underlying factors, but it listed the inquiry with the increase each time and that tripped me up.

Classic case of believing that the score change provided with an alert was related to that alert reason.  Not your fault at all, but really something MF needs to rectify as this has been going on for far too long.

Message 10 of 11
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