Will a Store Card drop my Score that much?

[Beast26]

I know it's just a FICO simulator but why does the Experian FICO simulator say I would lose 30 points if I applied and got a "store" card?  Is that wrong or is there some truth to it?  I was thinking about getting the Amazon store card but not if my score will drop more than getting any other credit card!  

Is this false?  Why does the simulator say that?

[TSlop]

I have not used this, but what is it saying for you for a regular credit card drop?

[BmoreBull]

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@Beast26 wrote:

I know it's just a FICO simulator but why does the Experian FICO simulator say I would lose 30 points if I applied and got a "store" card?  Is that wrong or is there some truth to it?  I was thinking about getting the Amazon store card but not if my score will drop more than getting any other credit card!  

Is this false?  Why does the simulator say that?

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Score simulators are mostly entertainment. On another note, if you're under 5/24, why not get the Chase version of the card?

[Beast26]

It says getting a regular card would drop my score 5pts.  But it always says getting a store card would drop it 30pts.  

Im hesitant to try for the chase version due to them being more strict and possibly getting a denial because my revolving history is only at 1 year. I  have years of credit history (installment loans) but I cleared the revolving history from my credit because it had late payments so I'm starting from zero.  

[IPIF]

I would stay away from store cards. Join a credit union and apply for their card. Maybe Penfed.

[Beast26]

What card do they have for Amazon?  Can anyone join?

[blindambition]

Simulators are not reliable tools. What you gain or lose is profile specific.

You would be ok with a couple store cards, but not really recommended. They also drag down your auto insurance scores. Considered a risk factor.

[Anonymous]

Play around with the simulator some more. The impact may decrease if you receive an opening limit of $10-20k BUT wagering on getting that as an opening SL on a store card is not a safe bet. Especially not in this climate. 

If you have a thin file, even just one new account can throw off your AAoA and tank your score. Garden, and request CLI on what you already have. It's safer. 

[mowglidude]

We are getting new floors in our house. What if I wanted to get a flooring card, for the 12 months, same as cash 0% promotion? If we finance the $6,000, I can use that cash to pay down other CC's at 15%. It's a Synchrony Bank backed card. Would it be better just to pay cash for the floors? I have to pay cash for the installers. Will that hurt my score ultimately? Thoughts?