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Can opening a new credirt card lower my score? If yes, then how many points?




According to myFICO, new credit determines 10% of your FICO Score.
In your case, opening a new credit card account may not affect you much. But it may harm your score if you do not have a long credit history and open several credit accounts within a short period of time.

Sub: #1 posted on Wed, 06/07/2017 - 07:17

tiarajoseph11 tiarajoseph11

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Yes, it may affect your credit score.

Sub: #2 posted on Thu, 06/08/2017 - 05:51

sanderspatricia29 sanderspatricia29

(Posts: 787 | Credits: )


If you have a short credit history, then I would suggest you to not apply for too many credit cards within a short period of time.

It isn't true that your credit score will drop after opening a new credit. However, if you don't make too many charges on your new card, then your credit score will gradually go up.

Sub: #3 posted on Thu, 06/08/2017 - 21:49

SC SC
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Your credit score may drop by about 7 points after opening a new credit card.

Sub: #4 posted on Fri, 06/09/2017 - 04:36

Good Nelly Good Nelly
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